BCM Resources Corp. provided update on the progress at Thompson Knolls (TK) greenfield Cu-Au-Ag-Mo porphyry project in southwestern Utah, USA. Phase 3 drilling at TK envisaged drilling of seven core holes.

"B" reports that, to date, four drill holes have been completed. Assay results have been received for three of these drillholes (TK7, TK8, and TK9). The highlight of the assay results is a significant mineral intercept of 510 ft (155.4 m) @ 0.66% Cu, 0.12 g/t Au, and 7.4 g/t Ag in drillhole TK8, with 8 sample intervals containing values greater than 1% Cu over 80 ft (24.3 m).

Summary of Drillhole TK8: TK8 was collared between TK3 and TK5 drillholes (see map BCM Resources Corp. | News). It was drilled vertically, reaching a downhole depth of 3,062.5 ft (933.45 m).

The hole was designed to test the north-western flank of the TK magnetic anomaly and continuity of mineralization from TK3. At 1,915 ft (583.7 m) depth, TK8 intercepted mineralized diopside-marble skarn oxidized to a 2,040 ft (621.8 m) depth and then encountered primary magnetite-chalcopyrite mineralization that was documented for an extended interval from 2,040 ft (621.8 m) to 3,050 ft (929.6 m), a total of 1,010 ft (307.8 m). Sampling returned assay results averaging 0.40% Cu, 0.08 g/t Au and 4.92 g/t Ag, including a more intensely mineralized interval from 2,040 ft (621.8 m) to 2,550 ft (777.2 m) of total 510 ft (155.4 m) @ 0.66% Cu, 0.12 g/t Au and 7.4 g/t Ag, with 8 sample intervals containing values greater than 1% Cu over 80 ft (24.3 m).

Summary of Drillhole TK7: Drillhole TK7 was drilled vertically to a depth of 1,230 ft (375 m) and located SSW of hole TK3 which was drilled vertically to a depth of 2,641 ft (805 m) and designed to test the strong part of the TK magnetic anomaly. It reached a quartz-monzonite porphyry intrusion at 1,321 ft (402.6 m) carrying weak quartz-chalcopyrite mineralization in numerous thin quartz pyrite-chalcopyrite veinlets and rare quartz stockworks. Typical alteration developed includes: i) weak potassic (biotite-K-feldspar); ii) propylitic (chlorite) with magnetite, and; iii) patchy argillic alteration.

Copper grades in the sampled interval from 2,060 ft (627.9 m) to the bottom returned low copper metal values below 0.1%. Summary of Drillhole TK9: Drillhole TK9 located ESE of TK6 1,923 ft (586 m) away was drilled to a depth of 2,322.5 ft (707.9 m) and designed to test the northern edge of the TK magnetic anomaly in carbonate rocks. It encountered strongly silicified marbleized dolomites and limestones with some patchy quartz-magnetite-hematite breccia mineralization.

Assay results were low copper grades below 0.1% Cu. Summary of Drillhole TK10: This drill hole was located ESE of TK9 1,585 ft (483 m) away to test the northern edge of the TK anomaly similarly to TK9. It was drilled vertically to a depth of 3,633 ft (1.107 m) in dolomitized marbles with no visual mineralization.

The Company is currently actively advancing hole TK14 which is strategically located between holes TK3a and TK6. Hole TK14 is designed to test the north-western extension of the TK magnetic anomaly both in carbonate rocks and underlying quartz-monzonite intrusion. Mineralized skarn lithologies have been intersected in TK14 so far and drilling is proceeding.

TK is located approximately 210 km southwest of Rio Tinto's giant Bingham Canyon porphyry copper-molybdenum-gold mine and smelter complex near Salt Lake City, Utah.