BCM Resources Corp has entered into an option agreement with Inland Explorations Ltd.* to acquire up to 60% interest of the drill-ready Thompson Knolls Copper, Gold & Silver Property ("TK Property") located in central 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 125 federal unpatented mineral claims and two State Section Leases, comprising 3,465 acres (1,402 ha). Thompson Knolls is named after a pair of small knolls that are projecting in the valley located just to the west of the Confusion Range, south of Route 6. The Confusion Range is known for numerous gold bearing jasperoids, including an occurrence to the north where almost a quarter of a million ounces were drilled out in the 1990s, and additional drilling was carried out this summer. Other mineralized areas in the vicinity include Boob's Canyon, the Silver Dream Mine, and Road Canyon.
Mineralized structures at the gold resource located to the north, trend SW towards the Thompson Knolls area while structures at Boob's Canyon, Silver Dream Mine and Road Canyon trend WNW into the Thompson Knolls area. While most mineralization in the Confusion Range consists almost exclusively of gold, mineral occurrences on the west-side of the range, at Boob's Canyon and the Silver Dream Mine, include silver and copper. An area showing a magnetic high on the Utah State aeromag survey is located off the west side of Thompson Knolls and has long been considered to be the intrusive that provided the heat and fluids for the mineralization in the Confusion Range.
Work to date completed by Inland has consisted of mapping, sampling, ground-mag and IP surveys.
Mapping and sampling on the knolls revealed several narrow structures with silicification and Fe-oxides, with trends similar to those found in the known mineralized areas. These also radiate out from the magnetic high area to the west. Geochemical samples from the knolls have run up to 2.21% Pb, 0.37% Zn, 16 g/t Ag, 0.77 g/t Au, 1708 ppm As, 128 ppm Sb, 40 ppm Bi and 49 ppm Mo.
A ground mag survey was carried out over the area to better define the anomaly thought to correspond to the buried intrusive. There are also some low-level magnetic-highs adjacent to the inferred intrusive.
Five lines of IP were also completed, four North-South and one East-West. The resistivity pseudo-sections clearly revealed the main fault zones as resistivity lows, and modeling of the chargeability data indicated a chargeability high corresponding to one of the low-level magnetic highs adjacent to the intrusive (approx. 600x800 metres). This could indicate an area of replacement or skarn mineralization. Another zone of weakly elevated IP response lies along the north side of the magnetic high (possible intrusive body) in lines 2,3, and 4, and also corresponds to the projection of the mineralized structure in the northern knoll. This may represent contact mineralization along the north side of the interpreted intrusive body.
*Inland Explorations Ltd. ("Inland"), a non-reporting issuer, is related to the Company by way of three common directors, all of whom hold shares in Inland and two of which are officers of both companies. The proposed Option Agreement is non arm's length and Closing (on or before December 31, 2016) is subject to receipt of all requisite regulatory and other approvals, including the approval of the TSX Venture Exchange.