New Discovery Of Porphyry Cu-Mo Mineralization Drilled At Thompson Knolls

VANCOUVER - BCM Resources Corporation reported that Diamond Drilling intercepted new porphyry Cu-Mo mineralization at the Thompson Knolls (TK) project in southwestern Utah. Hole TK3a has documented blebby chalcopyrite-molybdenite mineralization at a 666m downhole depth. At 833m, TK3a has encountered intensely silicified qmp with sub-vertical massive pyrite-chalcopyrite D-veinlets. Hole TK3a is still in progress, assays are pending. Drilling is continuing at the Thompson Knolls (TK) project with hole TK3a in progress. TK3a is being drilled vertically a projected depth of ~1,097m.

"I am very pleased that recent drilling at the TK3a drillhole confirmed the presence of copper mineralization indicating that the BCM Resources team discovered a new, raw, copper-molybdenite system in Southwest Utah. Presence of copper mineralization increases in the northwestern direction. We are excited about this new discovery, and we are looking forward to new additional exploration at the northwestern flank of Thompson Knolls." said, Sergei Diakov, President.

Currently, the drill hole is at depth of 877m and advancing steadily through a mineralized qmp with quartz-sericite-pyrite and potassic alteration accompanied by intense silicification. Drilling continues to encounter some fault zones within the intrusive (faulting and silicification slow down drilling progress).

In summary, TK quartz monzonite porphyry carries molybdenum mineralization over a +304m interval (from 573m to 877m down hole). Besides visual molybdenite, visual copper mineralization has been identified from 664m downhole as pyrite-chalcopyrite-molybdenite veinlets and disseminated mineralization. Copper mineralization is gradually increasing in the interval over +213m. Both copper and moly mineralization continue as drilling advances deeper.

Based on the limited drilling results obtained from 5 drillholes so far (note that two of them are virtually twins to previous unfinished drillholes), it is interpreted that the intensity of copper mineralization at the TK project appear to be increasing in the northwestern direction indicating a possible location of the main copper mineralization of the TK mineralized system. This concept will be tested by additional three drillholes in the northwesterly flank of the project. The permit for these drill sites is virtually complete.