BCM Resources Corp Receives DOGM Approval for 3 New Diamond Drill Holes

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.

Positive

• Approval for 3 additional diamond drill holes enhances exploration potential.
• Current drill hole TK3a shows 460 meters of mineralization, indicating promising prospects.
• Plans for expansion of operations could lead to increased exploration activities.

Negative

• Forward-looking statements indicate risks related to financing and potential cost overruns.

VANCOUVER, BC / ACCESSWIRE / February 17, 2022 / BCM Resources Corp is pleased to inform shareholders that the company has received approval from the Utah Department of Oil, Gas, and Mining (DOGM) for an additional 3 Diamond Drill Holes.

President Dr. Sergei Diakov stated, "We are very excited about the mineralised porphyry we are drilling, drill hole TK3a is currently at a depth of ~1,040 metres and will continue to permit depth of 1,100 metres with ~460 metres of mineralisation. We will continue aggressively drilling this mineralised porphyry with these newly permitted drill holes. I want to also highlight that work on a "Plan of Operation" is underway which will allow us to significantly expand the number of drill holes and add more drill rigs."

These holes are in the Northwestern flank of the project. Diamond drillhole (DDH) TK5 is ~ 500 metres northwest of TK3a, DDH TK13 is ~500 metres North (and slightly West) of TK3a, and DDH TK14 is ~700 metres South (and slightly East) of TK3a. See map outline of new DDH locations on the company website; https://bcmresources.com/investors/presentations/

TK is located approximately 225 Kms southwest of Rio Tinto's giant Bingham Canyon porphyry copper-molybdenum-gold mine and smelter complex near Salt Lake City, Utah.

The Company's Director, Mr. Richard R. Redfern, M.Sc., and Certified Professional Geologist, a '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 Corporation is a diversified Canadian mineral exploration company focused on continued exploration of the Thompson Knolls Porphyry Cu-Au-Mo project. BCM also controls prospective Copper, Gold, and Molybdenum exploration projects in 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 website at www.bcmresources.com or contact us by e-mail at info@bcmresources.com.

ON BEHALF OF BCM RESOURCES CORP.

Sergei Diakov
President & Director

For further information, please contact:

Investor relations 604-646-0144 ext. 222
info@bcmresources.com
www.bcmresources.com

Caution Concerning Forward-Looking Statements:

This news release and related texts and images on BCM Resource Corporation's website 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, and; the possibility of cost overruns or unanticipated expenses in these exploration programs.

SOURCE: BCM Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/689230/BCM-Resources-Corp-Receives-DOGM-Approval-for-3-New-Diamond-Drill-Holes

FAQ

What recent approval did BCM Resources Corp receive?

BCM Resources Corp received approval for three new diamond drill holes from the Utah Department of Oil, Gas, and Mining.

What is the significance of drill hole TK3a for BCM Resources?

Drill hole TK3a is currently at 1,040 meters with 460 meters of mineralization, suggesting strong mineral potential.

Where is the Thompson Knolls project located?

The Thompson Knolls project is located approximately 225 kilometers southwest of Rio Tinto's Bingham Canyon mine.

What are the future plans for BCM Resources Corp's drilling operations?

BCM Resources plans to significantly expand the number of drill holes and add more drilling rigs based on new permits.

What risks does BCM Resources Corp face in its exploration activities?

The company faces risks related to financing, potential delays, interpretation of results, and cost overruns in exploration programs.