BCM Encounters Over 550 Meters of Strong Porphyry-Skarn Mineralization in Hole TK20 at its 100% Controlled Thompson Knolls Project, Utah
BCM encountered 550m of porphyry-skarn visual core without assays, leaving grades open and market bets on potential.
BCM Resources Corporation reports that vertical diamond core hole TK20 has reached a depth of 1,238.4 m, intersecting over 550 m of visually described “strongly mineralized” porphyry and intercalated skarn. This mineralized interval extends from the top of bedrock at 588.4 m to the current hole bottom. The company states that no assay results accompany the release, with all descriptions based solely on core logging of alteration, vein intensity, and visible sulphides.
The mineralized interval is composed of approximately 70% quartz monzonite porphyry and latite porphyry featuring potassic alteration and stockwork quartz veining that hosts molybdenite and chalcopyrite. The remaining 30% consists of magnetic skarn containing chalcopyrite, pyrite, magnetite, and local molybdenite. Hole TK20 is located 208 m northeast of discovery hole TK8, which previously returned 155.4 m @ 0.66% Cu, 0.12 g/t Au, 7.4 g/t Ag.
Drilling continues in mineralized rock. A new hole, TK21, located 250 m west-southwest of TK20, will twin an earlier incomplete hole.
BCM Resources Corporation (B) is an exploration-stage company with no established resource. The company reported a 550-metre visual intercept, which serves as a scale indicator and is directionally positive, though it contains no economic information. Without grades, the intercept cannot alter the resource potential, intrinsic value, or the equity’s risk-adjusted worth.
The stock had declined from a Q2-2026 high of $0.31 to $0.19 just before the news, reflecting fatigue and prior holes (TK17/TK18) that were only modestly mineralized or lacked skarn. The market may react to the visual length, but that reaction would be speculative rather than anchored in proven grade-tonnage.
For a junior explorer, a single discovery-hole assay or bonanza intercept would be material; a visual intercept without grades is promotional filler.
BCM Resources Corporation (B) is a cash-flow-negative junior explorer with no revenue. Its primary asset is the 100%-owned Thompson Knolls porphyry-skarn Cu-Au-Ag-Mo project in Utah, comprising 225 BLM claims and 2 SITLA leases covering 5,540 acres. A 10-year BLM Plan of Operations permits multi-rig drilling.
The project is a blind target under valley fill. Prior drilling discovered mineralized skarn and porphyry, with a best intercept in TK8:
- 155.4 m @ 0.66% Cu, 0.12 g/t Au, 7.4 g/t Ag
No resource estimate exists.
The company has approximately 243.1 million shares outstanding and approximately 313.9 million fully diluted. It recently raised $7.18 million at $0.20 per unit, with warrants at $0.30 and an acceleration clause at $0.45. BCM Resources Corporation holds $6.86 million in cash and has no debt.