Exploration Accelerated at BCM's 100% Controlled Thompson Knolls Project, Utah
BCM advances its Utah porphyry target with IP/MT surveying and TK21 drilling to define the deposit's potential.
BCM Resources Corporation (B) has initiated an aggressive ground-induced polarization (IP) and magnetotellurics (MT) geophysical survey at its Thompson Knolls project, contracted to Zonge International, with completion expected in approximately 11 days. Concurrently, diamond drilling for hole TK21 is underway, testing the western extension of the mineralizing system near historic hole TK5. TK21 targets at least 4,000 ft (1,219 m) to evaluate the vertical extent of the system.
Core sawing for the recently completed TK20 is accelerating with a second shift to expedite assay delivery. Recent flooding temporarily impacted access road 1700, but operations resumed via detour routes and reservoir water level adjustments.
BCM Resources Corporation (B) released an operational update on August 19, following the August 17 announcement that drilling at TK20 had intersected a record 1,951 ft (594 m) of mineralized porphyry-skarn. The company’s geophysical survey and TK21 drilling are proceeding exactly as planned according to the Phase 4 campaign roadmap announced in March 2026.
The update disclosed no new grade, tonnage, or geological surprises. The market had already priced in the TK20 results, as evidenced by the stock’s run from $0.27 to $0.68 between August 6 and August 12. The release confirms execution discipline and capital deployment but adds no incremental valuation drivers, marking a routine operational milestone.
BCM Resources Corporation is a Canadian exploration company focused on the Thompson Knolls (TK) porphyry-skarn Cu-Au-Ag-Mo project in Millard County, Utah. The project is 100% owned, covering 5,540 acres, and sits approximately 208 km southwest of Rio Tinto's Bingham Canyon mine. The target is a blind porphyry system buried under approximately 600 m of post-mineral fanglomerate cover.
Phase 3 drilling (TK8) established a 155.4 m intercept at 0.66% Cu, 0.12 g/t Au, and 7.4 g/t Ag. Phase 4 drilling, which is currently underway, aims to test lateral and vertical extensions, with a 10-year BLM Plan of Operations in place. The company also holds the Shan Molybdenum project in British Columbia, though TK is the primary near-term catalyst.