BCM Completed Drilling Hole TK20 to Intercept Strong Porphyry-Skarn Mineralization at its 100% Controlled Thompson Knolls Project, Utah
BCM identified 594m of visual copper mineralization at its project, relying solely on x-ray fluorescence spot readings without assay results.
BCM Resources Corporation (B) completed hole TK20 to a reported total depth of 4,317 ft, a figure the company inconsistently converted to 1,261 m in its release. The company states that the mineralized interval now totals 1,951 ft, or 594 m, consisting of latite porphyry dikes and skarn with copper mineralization. This mineralization extended to a depth of 4,207 ft, approximately 77.7 m deeper than the prior 550 m visual and geological interval reported on 2026-08-06.
No assay results or composite grades were reported in the release. Instead, the company highlighted two Niton handheld XRF spot readings: 6.2% Cu and 5.0% Cu, both taken on selected sulfide patches or sulfide-rich breccia. One breccia was estimated visually at 7% total sulfides with a 2:1 pyrite to chalcopyrite ratio.
Core processing is currently ongoing, with a second core-cutting shift added to the schedule. BCM plans to drill vertical hole TK21 approximately 250 m west of TK20, near the location of the previously lost TK5 hole.
BCM Resources Corporation is an exploration-stage company with no revenue and no mineral resource. The latest release adds only incremental visual information to the prior update on 2026-08-06, which already reported over 550 m of visual porphyry-skarn mineralization in TK20. The market has already moved aggressively, with the stock rising from about CAD 0.15 on 2026-08-05 to a high of CAD 0.68 on 2026-08-12.
The latest release provides no grade, no true width, and no continuity confirmation. It does not materially de-risk the exploration thesis, nor does it appear to materially miss the prior visual claim, as assays are simply still pending.
BCM Resources Corporation is a TSX Venture Exchange-listed junior explorer with no revenue. Its main asset is the 100%-controlled Thompson Knolls porphyry-skarn Cu-Au-Ag-Mo project in Millard County, Utah. The project is a blind target under post-mineral fanglomerate cover, with a 10-year BLM Plan of Operations. The company also holds prospective copper, gold, and molybdenum exploration projects in British Columbia.
Historical anchor drilling includes TK8: 155.4 m @ 0.66% Cu, 0.12 g/t Au, and 7.4 g/t Ag. No NI 43-101 mineral resource or reserve has been defined. Prior-period financial context, not disclosed in today's release, includes cash of about CAD 6.86 million as of Q2 FY2026, no reported debt, and a February 2026 private placement raise of about CAD 7.18 million. Issued and outstanding shares were about 243.1 million at Q2 FY2026; fully diluted shares were about 313.9 million in the provided presentation.