BCM Resources Corporation: Inland Explorations Successfully Completes Geophysical Surveys at Thompson Knolls
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 17, 2015) - BCM Resources Corp. (TSX VENTURE:B), "BCM", the "Company," Is pleased to announce the successful completion of ground gravity and magnetic surveys at the Thompson Knolls copper-gold-silver property in Millard County, Utah. As announced, BCM has entered into an agreement, to acquire up to 60-per-cent interest in the property from Inland Explorations Ltd. The proposed transaction is subject to approval by the TSXV Exchange.
Detailed gravity and magnetic surveys were completed on the property by Magee Geophysical Services LLC of Reno, Nevada. The surveys were designed by James Wright of Wright Geophysics of Spring Creek, Nevada, a recognized expert in Great Basin gold-copper geophysics. The geophysics program was formed based upon the recommendations of BCM's vice-president of exploration, Rick Redfern.
The new ground gravity and magnetic surveys covered the central part of the northwest-trending gold-copper-silver target area at Discovery Knoll and a large part of the main porphyry target in the northern part of the Thompson Knolls property.
The new ground magnetics survey showed that the rocks in the Discovery Knoll target area, and around Thompson Knoll itself, display a low magnetic signature, likely represented by altered rocks. This is in contrast to the strong magnetic high present in the main Porphyry exploration target area. Mr. Wright interpreted that zones of probable argillic alteration are present, as well as three target areas for skarn mineralization along part of the boundary of the magnetic high. The Discovery Knoll target area lies in a northwest-trending magnetic low, interpreted to be the most altered part of the surveyed area.
The ground gravity survey showed two very strong gravity lows coincident with the magnetic high in the main porphyry target area. This area is interpreted to be a buried intrusive. Further work will be required to determine the nature and depth from surface of the interpreted intrusive.
Prominent gravity highs are present in the area of exposed altered dolomitic carbonate strata in the property, and particularly along Discovery Knoll. A gravity high also was found at a new, intriguing area to the southwest, covered by the 25 new claims staked by Inland. A new induced polarization survey is proposed and is now being designed to test this area for indications of possible gold-copper mineralization.
Inland has contacted the geologist who conducted the original drilling in the Thompson Knolls property area for Centurion Mines in the mid-1990s. He saved data and the original drilling rock chip boxes, and will re-log chips and report back to Inland on the results and data. The proposed induced polarization study will incorporate these new data. This will help the company to better characterize the property's geology, alteration, and mineralization.
The company's consulting geologist, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release, and evaluated the interpretations contained in this news release.
About BCM Resources Corporation:
BCM Resources Corp. is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing prospective Copper, Gold, and Molybdenum exploration projects in Utah and British Columbia. 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 THE BCM BOARD OF DIRECTORS
Dale McClanaghan, President and CEO
Caution Concerning Forward-Looking Statements
This news release and related texts and images on BCM Resource Corporation's and Inland Explorations Ltd.'s websites 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 Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.
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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.
Contact
BCM Resources Corp.
Investor Relations
1 604 646-0144 ext 223
info@bcmresources.com
www.bcmresources.com
