BCM Resources Corp. Thompson Knolls Exploration Drilling Update
BCM highlights oxidation and chalcocite potential at the TK deposit, though no assay results have been released to substantiate these claims.
BCM Resources Corporation reported on July 14, 2026, the completion of two vertical diamond drill holes, TK17 and TK18, measuring 896 meters and 917 meters respectively. These holes were collared approximately 250 meters and 500 meters southwest of the prior step-out hole TK16.
TK17 intersected the QMP intrusion with sericitic alteration between 681 meters and 698 meters. The hole confirmed a skarn extension with some mineralization but identified no proximal skarn below the QMP. Bedrock consisting of marbleized dolomites began at 609 meters and was oxidized, carrying secondary copper minerals including chenevixite, malachite, and rosasite.
TK18 intersected the QMP at 354 meters, which was shallower than expected, revealing moderately to strongly pyritic zones and an intensely hematitic oxidized cap. RC chips collected from below the oxidation zone contained quartz veinlets with pyrite and spotty chalcopyrite, suggesting possible secondary enrichment via a chalcocite blanket. No skarn or ore-grade sulphide mineralization was observed in the 454 meters of QMP cored down to 790 meters.
Drilling is ongoing for vertical hole TK20, which targets a depth of at least 1,300 meters. This hole is located approximately 460 meters northeast of TK15 and aims to target the core of the proximal skarn deposit. An IP/MT geophysical survey is planned for mid-August to refine targeting in the southern block.
BCM Resources Corporation released a routine drilling-progress bulletin that contains no assay data, no new discovery, and no indication that the deposit’s size or grade has been enhanced. The market had already digested the start of Phase 4 (March‑April 2026) and prior visual‑only updates for TK15 and TK16. The stock has fallen from a post‑financing high of $0.31 in early June to $0.20 by July 13, indicating diminishing enthusiasm as assays remain absent. This release is unlikely to reverse that trend materially.
For a pre‑resource explorer, a game‑changing release would require discovery‑grade assays, such as +0.5% Cu over >100 m true width, or a bonanza skarn hit. This release provides none of that. There is no change to the project thesis: it remains a single‑hole story (TK8) with a fully funded drill program but no produced assays after three months of Phase 4 core drilling.
BCM Resources Corp. is a TSX-V listed junior explorer with no revenue, reporting a net loss of C$141k for the six months ended Feb 28, 2026. Cash increased to C$6.86 M after a C$7.18 M private placement at C$0.20/unit in Feb 2026.
The primary asset is the 100%-owned Thompson Knolls (TK) porphyry-skarn Cu-Au-Ag-Mo project in Utah, comprising 5,540 acres of BLM and SITLA claims under a 10-year BLM Plan of Operations. The only significant intercept to date is from 2023 hole TK8: * 155.4 m @ 0.66% Cu, 0.12 g/t Au, 7.4 g/t Ag.
Other assets include the Shan Molybdenum property in British Columbia, which is early-stage with no recent results disclosed in these materials. The company has no resources or reserves.