STOCK TITAN

BCM RES (BCMRF) Stock News, Feb-Mar 2022

BCMRF OTC

BCM Resources Corp. reports developments tied to mineral exploration, with current emphasis on the 100% controlled Thompson Knolls porphyry-skarn Cu-Au-Ag-Mo discovery in Utah. Company updates commonly cover reverse-circulation pre-collar drilling, diamond core tails, skarn and bedrock observations, technical presentations, contractor activity, and exploration work designed to test copper, gold, silver, and molybdenum mineralization.

BCM news also includes capital-structure and governance items, such as private placements used to fund drilling, warrant terms, insider participation, annual meeting results, auditor appointments, and stock option plan approvals. The company also references prospective copper, gold, and molybdenum exploration projects in British Columbia.

Rhea-AI Summary

BCM Resources Corp has announced a 44% increase in its land position at the Thompson Knolls (TK) project, now totaling 4,899 acres. The increase includes 194 BLM claims and 2 state leases. Drilling updates show completion of DDH TK3a with results indicating ongoing mineralization. Core samples are being analyzed, and drilling of DDH TK5 has commenced. The project is strategically located near significant mining operations and aims at future large-scale mining potential.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.96%
Tags
none
-
Rhea-AI Summary

BCM Resources Corp has received approval from the Utah Department of Oil, Gas, and Mining for three additional diamond drill holes at the Thompson Knolls project. Drill hole TK3a is currently 1,040 meters deep, with 460 meters of mineralization, and will continue to a permitted depth of 1,100 meters. The company aims to expand drilling operations significantly. The project is located near Rio Tinto's Bingham Canyon mine, highlighting its strategic value. The Director has verified the information in this release.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
none

FAQ

What is the current stock price of BCM RES (BCMRF)?

BCM RES (BCMRF) last closed at $0.48.

What is the market cap of BCM RES (BCMRF)?

The market cap of BCM RES (BCMRF) is approximately $116.7M.