Vancouver, BC, September 12, 2018 - BCM Resources Corporation (TSX-V: B), the "Company" is pleased to announce that BCM's partner Inland Explorations has staked 28 new lode claims, 18 on the northern inferred extension of the Thompson Knolls ("TK") porphyry copper system, and 10 new claims on the southern extension. By force of the existing project agreements, these new claims are incorporated into the TK land holdings optioned by BCM from Inland. Thompson Knolls is interpreted to be a Bingham Canyon-style plutonic copper-gold system, due to its similar geochemistry, and the property is situated 210 km southwest of Rio Tinto's Bingham Canyon porphyry copper-molybdenum mine.
Based on recent drilling completed by BCM, a multi-intrusion porphyry copper system has been discovered at TK, superimposed on earlier granitic and lamprophyre intrusive rocks. The presence of widespread oxide copper mineralization was found in drill hole TK18-1 at the bedrock surface, below cover fanglomerate gravels.
North Extension Target:
18 new claims were staked onto the north end of the TK claim block to protect the inferred extension of the TK porphyry and skarn mineralization. Altered dolostone (skarn) rocks were found at the surface during staking of the 18 new "TKN" claims, possibly indicative of skarn at depth below the gravels. In addition, one brownish colored jasperoidal limerock piece was found on this north claim-block. These rocks often are associated with plutonic-derived Carlin-style gold occurrences, such as at the Kings Canyon Carlin-style gold deposit, located 7 km northeast of hole TK18-1.
South Extension Target:
10 new claims were staked onto the south end of the TK claim-block, to protect the area south of where previous operator Centurion Mines Corp. drilled high-grade hole CKC-96-10 in 1996, which had separate high grade intervals of gold and copper-silver mineralization in Paleozoic limestones and dolostones. The mineralized zone is interpreted to have a south-southeast trend, and the 10 new TKS claims cover the extension of this possible zone to the south.
As previously announced, the Company entered into an option agreement with Inland Explorations Ltd., a BC headquartered non-reporting Issuer, ("Inland"), for an option to acquire up to 60% interest in Inland's Thompson Knolls Copper-Gold Porphyry Exploration Project ("TK Property") in Utah's Great Basin, one of the premier metallogenic provinces in the world. The TK Property is located in Millard County, Utah and consists of 153 federal unpatented lode mining claims and two State Section Leases, comprising 4,043 acres (1,636 ha).
The Company's Vice President Exploration, Mr. Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes of National Instrument 43-101, has verified and approved the information contained in this news release.
About BCM Resources Corporation
BCM Resources Corporation is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing prospective Copper, Gold, and Molybdenum exploration projects in British Columbia and Utah. BCM Resources is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.bcmresources.com or contact us by e-mail at info@bcmresources.com .
ON BEHALF OF BCM RESOURCES CORP.
"Dale McClanaghan"
President and Chief Executive Officer
For further information please contact:
Investor Relations,
Telephone: 1 (604) 646-0144, ext. 222
Caution Concerning Forward-Looking Statements
This news release and related texts and images on BCM Resource Corporation's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay results, future exploration work, and the anticipated results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs.
Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. BCM Resources Corporation undertakes no obligation to update these forward- looking statements if management's beliefs, estimates, opinions, or other factors, should change.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
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