BCM Resources Corporation: Shan South Drill Program Update, Hole LM054 Encounters 42 Metres of 0.119% Mo
29 August 2011 - 10:00PM
Marketwired
BCM Resources Corporation (TSX VENTURE: B), the "Company" is
pleased to announce additional results from its recently completed
drill program on the Shan South molybdenum Property. This program
which commenced mid-June was completed mid-August. The program
consisted of 13 inclined and three vertical holes totaling 3366.4
metres.
Results to date further confirm the molybdenum mineralization at
the Las Margaritas Zone and further expand the zone both to the
west and east. Significant intercepts of high-grade molybdenum
mineralization were encountered throughout the Las Margaritas zone
and beyond.
Previously announced (July 28, 2011) drill holes LM043 and LM044
were drilled to test the known eastern limits of the Las Margaritas
Zone.
Drill holes LM052, LM053, LM054 were inclined holes drilled in a
southerly direction on the west end of the Las Margaritas Zone.
These holes extended molybdenum mineralization in the Las
Margaritas zone westward.
Significant Intercepts are as follows:
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DDH From To Length Mo
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(m) (m) (m) (%)
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LM054 18 207 189 0.064
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including 18 60 42 0.119
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including 39 60 21 0.150
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including 144 156 12 0.113
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LM053 4.5 168 163.5 0.060
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including 24 45 21 0.114
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and 132 144 12 0.133
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LM052 1 87 86 0.033
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including 54 87 33 0.058
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LM050 and 051 were inclined holes located 400 to 500 metres
north of the west-end of the Las Margaritas Zone. Both holes were
drilled in a northerly direction and were entirely within volcanic
rock where molybdenum values were low. Further drilling is planned
from these locations with drill holes aimed in a southerly
direction.
LM048 and 049 were inclined holes drilled to test the
granodiorite-volcanic contact zone several hundred metres east of
the Las Margaritas zone and did not encounter significant values.
It is planned to drill beneath these holes from locations further
north to properly test the contact zone.
LM047, an inclined hole collared near the adit portal, featured
significant potassium feldspar alteration. Although molybdenum
values were low, the contact zone was not reached and further
drilling is highly recommended for this area. Historical records of
previous work in this adit (circa 1935, predating NI 43-101) report
numerous quartz veins with visible molybdenum and containing assay
values of up to 0.42% Mo. In 2007, rock samples collected by
Company geologists from dumps adjacent to the adit portal returned
assay values of up to 0.29% Mo.
The Company is very pleased with the results of this program,
which expands the Las Margaritas Zone, and demonstrates that
molybdenum mineralization starts near surface. The holes drilled
were relatively shallow, however, and further drilling is planned
to further test the extent of mineralization at depth. 2007 drill
hole LM027 bottomed at a vertical depth of 250 meters in excellent
grade molybdenum (17 m of 0.155% Mo). There is potential for
molybdenum mineralization at greater depths.
This drill program was supervised by Jim Hutter, P.Geo, a
geologist with 35 years experience in British Columbia, Geological
Consultant to BCM Resources and a Qualified Person as defined by NI
43-101, consultant to the Company.
The technical content of this news release has been reviewed by
N.C. Carter Ph.D., P.Eng, Geological Advisor to BCM Resources
Corp., and a Qualified Person as defined by National Instrument
43-101.
About BCM Resources Corporation
BCM Resources Corp. is a Vancouver-based mineral exploration
company, dedicated to advancing its Shan South molybdenum discovery
into an economic deposit. Additionally, the Company has a
significant land package of 100% owned mineral claims comprising
another five, highly-prospective, molybdenum and other base &
precious metals exploration properties located near Terrace,
B.C.
On Behalf of the Board of Directors:
Dale McClanaghan, President & CEO
Neither 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.
Contacts: BCM Resources Corporation Dale McClanaghan President
& CEO 1 (604) 646-0144 ext. 224 BCM Resources Corporation
Deborah Goldbloom Corporate Communications 1 (604) 646-0144, ext.
223 Toll Free: 1 (888) 646-0144 ext. ext 223 info@bcmresources.com
/ www.bcmresources.com
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