BCM Resources Corporation (TSX-V: B) reports that the Phase 2 drilling on the Shan molybdenum discovery located 20 km NE of Terrace, British Columbia has commenced. The planned exploration program will consist of approximately 14 drill holes totaling 4,600 meters.
The first holes of the Company's Phase 2 exploration program will test the moly mineralization to depth under the discovery Holes 1 and 7 from the initial drill program. The results from those two holes included near-surface molybdenum grades of 59.7 meters of 0.118% Mo and 112.8 meters of 0.107% Mo, respectively.
Alteration and mineralization encountered in Phase 1 drilling seems to fit well into the "Climax Molybdenum" model. The Climax molybdenum mine is located near Denver, Colorado. For a schematic of the Climax Model please refer to the Company's website at: www.bcmresources.com
In addition to evaluating the Climax deposit model and testing for the high grade cap it would predict, this Phase 2 program will test the lateral extension of the mineralized area (both width and strike), drill the area of known mineralization to over 400 m depth and provide some in-fill drilling.
Daryl Hanson, P.Eng. who is a Qualified Person as defined in NI 43-01, has reviewed the technical content of this news release.
President & CEO
Potential investors should conduct their own investigations as to the suitability of investing in securities of BCM. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.