BCM Encounters Over 550 Meters of Strong Porphyry-Skarn Mineralization in Hole TK20 at its 100% Controlled Thompson Knolls Project, Utah
Rhea-AI Summary
BCM Resources (OTC:BCMRF, TSXV:B) reports that diamond drill hole TK20, at its 100% controlled Thompson Knolls copper-gold-silver-molybdenum project in Utah, has encountered over 550 m of strongly mineralized porphyry and intercalated skarn from 1,930 ft (588.4 m) to the current depth of 4,062 ft (1,238.4 m). Drilling is ongoing in mineralized rock and core logging, sawing and sampling are in progress, with assays to follow upon hole completion.
According to BCM Resources, roughly 70% of the mineralized interval consists of potassically altered, intensely stockwork-quartz-veined intrusive rocks (quartz monzonite and latite porphyry) with visible molybdenite and chalcopyrite, suggesting a high‑temperature porphyry core. The remaining 30% is mineralized magnetic skarn with abundant sulfides. The company plans to extend the 2026 drill program by starting hole TK21, a vertical hole 250 m west-southwest of TK20, effectively twinning prior hole TK5, which ended prematurely in similar magnetic skarn mineralization.
Positive
- TK20 intersects >550 m continuous porphyry-skarn mineralization in bedrock
- Mineralization observed from 1,930 ft to at least 4,062 ft depth
- Approximately 70% of interval in strongly altered, veined intrusive porphyry
- Magnetic skarn with abundant sulfides makes up remaining 30% of core
- 2026 drill program extended with planned follow-up hole TK21 near TK20
Negative
- None.
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Vancouver, British Columbia--(Newsfile Corp. - August 6, 2026) - BCM Resources Corporation (TSXV: B) ("BCM" or the "Company") is pleased to announce that diamond drill hole TK20, currently in progress, has encountered over 550 m of strongly mineralized porphyry and intercalated skarn mineralization at its
"We are very happy to observe such a long interval of strongly mineralized core in hole TK20," commented Sergei Diakov, President and CEO of BCM Resources. "Our interpretation of this hole is that it represents the most highly mineralized drill intercept encountered to date at Thompson Knolls. Given the continued presence of strong mineralization at the current bottom of the hole, we are pushing this hole further. And after completion of hole TK20, we have immediate plans to start another hole, TK21, in an area to the west where we believe mineralization projects. As I have learned making multiple discoveries throughout my career, persistence pays off. We have that at BCM."
Highlights from hole TK20:
- TK20 is unquestionably the most strongly mineralized hole drilled to date at Thompson Knolls. Mineralization commences at the top of bedrock at a depth of 1,930 ft (588.4 m) and persists to the current depth of 4,062 ft (1,238.4 m). Given the strong mineralization observed in core, the Company is aggressively pushing this hole deeper.
- Approximately
70% of the mineralized core encountered to date is comprised of mineralized intrusive rocks, both quartz monzonite porphyry and latite porphyry. These rocks are commonly strongly potassically altered and intensely and complexly stockwork-quartz-veined. The nature of this alteration and veining suggests TK20 has encountered the high-temperature core of a large, strong porphyry mineralizing system. This conclusion is supported by the fact that many phases of stockwork veins display abundant ore minerals including molybdenite +/- chalcopyrite. - Other than a short interval of oxidized non-magnetic skarn occurring immediately below the top of bedrock, the remaining
30% of the core from TK20 is comprised of mineralized magnetic skarn that is intercalated with the porphyry phases. In many places, abundant sulfides including chalcopyrite and pyrite are associated with magnetite mineralization. Locally, molybdenite is also present in skarn. - Logging, sawing and sampling of core is ongoing as hole TK20 advances. Samples will be submitted for analyses upon completion of the hole.
- Given the importance of hole TK20, BCM has immediate plans to extend its 2026 drill program by commencing another vertical hole, TK21, in a position 250 m west-southwest of TK20. This hole will effectively twin hole TK5, a hole drilled in 2022 that was abruptly terminated in mineralization due to bad ground conditions. The bottom of TK5 encountered magnetic skarn mineralization like that observed in TK20. The Company believes that extensions of the strong porphyry-skarn system encountered in hole TK20 project towards TK5.
Qualified Person and QAQC
Mr. Richard R. Redfern, M.Sc., a Certified Professional Geologist and a Company "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 is a diversified Canadian mineral exploration company primarily focused on advancing exploration of its
ON BEHALF OF BCM RESOURCES CORP.
"Sergei Diakov"
President and Chief Executive Officer
For further information, please contact:
Investor Relations, Telephone: +1 (604) 646-0144, ext. 221
info@bcmresources.com
www.bcmresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Concerning Forward-Looking Statements:
This news release and related texts and images on BCM's website contain certain "forward-looking statements" including, but not limited to, statements relating to the 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, and; the possibility of cost overruns or unanticipated expenses in these exploration programs.
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