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B BCM Resources Corp

0.065
0.005 (8.33%)
Last Updated: 18:43:35
Delayed by 15 minutes
Share Name Share Symbol Market Type
BCM Resources Corp TSXV:B TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 8.33% 0.065 0.065 0.07 0.07 0.065 0.07 51,180 18:43:35

BCM Resources Corp. Announces Results of Shan South Drill Program Including Up to 0.31% Molybdenum

22/01/2008 11:09pm

Marketwired Canada


BCM Resources (TSX VENTURE:B) announces initial assay results for the Shan South
portion of its expanded Phase 3 drill program, which finished in December 2007.
Assay results for the Shan North portion of the drill program are pending.


Five holes totaling 1080 m were drilled at the Shan South Triangle Zone. Eleven
holes totaling 2476 m were drilled at Shan North.


Significant Intercepts include .07% Mo over 9 m and .09% Mo over 5 m. Results of
scattered samples at Shan South returned up to .31% Mo over 1 m and .12% Mo over
2.5 m (See Table). This pattern of scattered high-grade mineralization is
similar to that observed at the nearby Camp Zone during Phase I & II drill
programs. 




Shan South Highlights
--------------------------------------------------------
Hole      From (m)      To (m)      Length (m)      % Mo
--------------------------------------------------------
LM041        66.5        71.5               5        .09
--------------------------------------------------------
LM042         271         280               9        .07
--------------------------------------------------------
LM042       256.5       258.5               2        .12
--------------------------------------------------------
LM042         100         101               1        .31
--------------------------------------------------------



The current interpretation of gently dipping mineralization at the surface, with
scattered higher-grade steeply dipping feeder zones in the drill holes beneath,
indicates that this may be a second mineralized zone similar to Las Margaritas.
This suggests there may be potential for a cluster of such mineralized zones. A
combination of molybdenum in rock and soils at surface and low magnetic zones
beneath (resulting from magnetite-destructive alteration) may be a key to
identifying other targets to the south, east and west of the Las Margaritas and
Camp zones.


Both the Triangle and Camp Zones are believed to be high-grade feeder zones to
broader sub-horizontal mineralized zones, now partly eroded, or these zones may
be areas adjacent to the principal mineralization; the Camp Zone is about 300 m
NE from the main Las Margaritas mineralized zone.


The proposed work program at Shan South in 2008 will focus on further exploring
indications of additional such zones, including drill-testing magnetic lows in
the prospective areas to the south, east and west of the Las Margaritas and Camp
zones as well as carrying out additional drilling on Las Margaritas zone to
better define its extent and grade. Further drilling is also planned on the
lower portion of the Triangle zone closer to the adit, of which historical
reports refer to narrow quartz veins containing visible molybdenite with assay
values of up to 0.42% Mo.


The Company is waiting for the receipt of full results from Shan North, when a
further news release will be issued.


All assays were carried out at Acme Analytical Laboratories in Vancouver, B.C.

Qualified Person: Daryl Hanson, P.Eng., a Qualified Person as defined in NI
43-101, has reviewed the technical content of this news release.


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