BCM Intercepts 510 ft @ 0.66% Cu in Phase 3 Drilling at Thompson Knolls Greenfield Cu-Au Porphyry Project, Utah, USA

VANCOUVER, BC / ACCESSWIRE / May 24, 2023 / BCM Resources Corp ("B" or "Company") is pleased to update its shareholders on the progress at Thompson Knolls (TK) greenfield Cu-Au-Ag-Mo porphyry project in southwestern Utah, USA. Phase 3 drilling at TK (see Company previous NR BCM Resources Corp. | News)envisaged drilling of seven core holes. "B" reports that, to date, four drill holes have been completed. Assay results have been received for three of these drillholes (TK7, TK8, and TK9). The highlight of the assay results is a significant mineral intercept of 510 ft (155.4 m) @ 0.66% Cu, 0.12 g/t Au, and 7.4 g/t Ag in drillhole TK8, with 8 sample intervals containing values greater than 1% Cu over 80 ft (24.3 m).

President & CEO Dr. Sergei Diakov stated, "I am very excited about this very encouraging mineralized intercept in drillhole TK8 as it indicates significant potential for the TK project to host a sizable copper-gold porphyry system with skarn mineralization. We continue testing TK project potential focusing our exploration porphyry Cu expertise to vector-in on the discovery of the greenfield porphyry system copper core."

Summary of Drillhole TK8

TK8 was collared between TK3 and TK5 drillholes (see map BCM Resources Corp. | News). It was drilled vertically, reaching a downhole depth of 3,062.5 ft (933.45 m). The hole was designed to test the north-western flank of the TK magnetic anomaly and continuity of mineralization from TK3. At 1,915 ft (583.7 m) depth, TK8 intercepted mineralized diopside-marble skarn oxidized to a 2,040 ft (621.8 m) depth and then encountered primary magnetite-chalcopyrite mineralization that was documented for an extended interval from 2,040 ft (621.8 m) to 3,050 ft (929.6 m), a total of 1,010 ft (307.8 m). Sampling returned assay results averaging 0.40% Cu, 0.08 g/t Au and 4.92 g/t Ag, including a more intensely mineralized interval from 2,040 ft (621.8 m) to 2,550 ft (777.2 m) of total 510 ft (155.4 m) @ 0.66% Cu, 0.12 g/t Au and 7.4 g/t Ag, with 8 sample intervals containing values greater than 1% Cu over 80 ft (24.3 m).

Summary of Drillhole TK7

Drillhole TK7 was drilled vertically to a depth of 1,230 ft (375 m) and located SSW of hole TK3 which was drilled vertically to a depth of 2,641 ft (805 m) and designed to test the strong part of the TK magnetic anomaly. It reached a quartz-monzonite porphyry intrusion at 1,321 ft (402.6 m) carrying weak quartz-chalcopyrite mineralization in numerous thin quartz pyrite-chalcopyrite veinlets and rare quartz stockworks. Typical alteration developed includes: i) weak potassic (biotite-K-feldspar); ii) propylitic (chlorite) with magnetite, and; iii) patchy argillic alteration. Copper grades in the sampled interval from 2,060 ft (627.9 m) to the bottom returned low copper metal values below 0.1%.