VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 2, 2015) – BCM Resources Corporation (TSX VENTURE:B), “BCM”, the “Company,” is pleased to announce the commencement, of ground gravity and magnetic surveys at the Thompson Knolls copper-gold-silver property in Millard County, Utah. As previously 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 are being conducted by Magee Geophysical Services LLC of Reno, Nevada, who are specialists in this field. The surveys have been 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. Ground gravity and magnetic surveys will cover part of the northwest-trending gold-copper-silver target area at Discovery Knoll, located south and west of the main porphyry target on the property.
The new 25 lode claims staked in this target area, announced in BCM’s press release of November 20, 2015, cover part of this new target area. The gold target extends northwestward for at least 3 kilometres, on ground covered under the proposed Option, from the high grade drillhole 1996-6 of Centurion mines, which had a 30-foot intercept started at a depth of 82 metres that assayed 30 at 8.01 grams per ton gold (0.234 ounce per ton Au) and included a 10-foot interval that assayed 21.06 grams per ton gold (0.615 ounce per ton Au). A 20-foot copper-silver-rich interval in the same hole starting at a depth of 131 metres that contained 0.28 per cent copper and 2.9 ounces per ton silver. These assay results are from historic drilling and are presented for information only. These results cannot be relied upon as the original assay data sheets have not been confirmed by a qualified person.
A new ground gravity survey also is being conducted atop the main porphyry target in the northern part of the Thompson Knolls property. This area was covered by ground magnetic and induced polarization studies previously conducted for Inland Explorations. This new gravity survey will help to better characterize the subsurface geology and alteration, including possible extensions at depth of the gold-lead-zinc skarnose mineralization exposed on the eastern periphery of the main porphyry target area.
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 Corporation 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 [email protected].
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 Corporation 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.
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