BCM Resources Corporation Announces New Porphyry Copper Discovery at Thompson Knolls Copper-Gold Project in West-Central Utah
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FOR IMMEDIATE RELEASE
BCM Resources Corporation Announces New Porphyry Copper Discovery at Thompson Knolls
Copper-Gold Project in West-Central Utah
Vancouver, BC, June 11, 2018 - BCM Resources Corporation (TSX-V: B), the "Company" is pleased to
announce that drilling of the first hole on the Thompson Knolls (“TK”) Project in west-central Utah has led
to a new porphyry copper discovery (PCD) in the north-central part of the prope rty. BCM Resources has
an option to acquire up to a 60% interest in Inland's Thompson Knolls Copper-Gold Porphyry Exploration
Project ("TK Property").
The Company collared TK18-1, an HQ-size wireline diamond core hole, in the north-central part of the TK
target area, into a semi-donut shaped, anomalously high magnetic anomaly. The top 181.4 metres (“m”) of
the hole were fanglomerate and a thin base (13.4 m) of lacustrine sediments. The hole then entered a
distinctive oxidized, fractured, argillicly altered, weakly iron-stained quartz monzonite porphyry bedrock
with large megacrysts of orthoclase up to 2 centimetres (“cm”) in size, and plagioclase and quartz to 1 cm
in size. The porphyry contains minor quartz stringers, with traces of oxidized pyrite in the fractures, along
with chrysocolla and tenorite, oxidized copper-bearing minerals, down to a depth of 200 m. The porphyry
continued downward to 317.8 m where a young, post -mineral fault zone was encountered. This lower
section of porphyry showed seri citic (micaceous) alteration, with local quartz -sericite-goethite-hematite
(after pyrite) stringers present, with oxidation throughout this section. Fault breccias are present down to
the present bottom of the hole at 334.7 m, where hard rock again has been encountered. Drilling has stopped
here, where drilling problems were encountered that forced termination of the hole until rig alterations can
be made. Drilling is expected to resume in approximately 8-10 days.
The drill core from TK18 -1 was sawed and sa mpled on 1.5 m intervals, and the samples delivered and
custody transferred to a certified analytical laboratory in Elko, Nevada for gold assay and geochemical
analysis of copper, molybdenum, silver, and other minor elements by 4 -acid leach and induction c oupled
plasma analysis procedures.
It is interpreted by the Company that there is a porphyry copper discovery at TK. The highly oxidized nature
of the porphyry rock encountered suggests that copper has been leached from the rock section drilled to
date. The possibility exists for the presence of a blanket of PCD copper mineralization at depth at the
boundary between oxidized and reduced rocks, with possible existence of sulfide mineralization below this
“redox” boundary. The target of the present is to delineate the nature of the PCD system at this site. The
subsequent drill hole has been designed to target the interpreted center of the PCD to the south of hole
TK18-1 in a magnetically-low area, approximately 1 km south of hole TK18-1. The Company is assaying
all sampled core for gold, as a high -grade gold intercept (2 1 g/t gold and 78 g/t silver over 3.05 m) was
assayed in a 1996 drill hole by Centurion Mines, situated 2.8 km south of the current hole. The Company
will report assayed and geochemical analyses from TK18 -1 on a timely basis after the data has been
received.
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 Proper ty is located in Millard County, Utah
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and consists of 125 federal unpatented lode mining claims and two State Section Leases, comprising 3,465
acres (1,402 ha).
The Company’s Vice President Exploration, Mr. Richard R. Redfern, M.Sc. and Certified Professio nal
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 expl oration 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 [email protected].
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
www.bcmresources.com
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 f luctuations 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 f actors; 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 re quired 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
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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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDERS (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.