BCM Resources Corporation: Successful 2009 Exploration Programs at Lorne and Alder Molybdenum Properties
04 Janeiro 2010 - 3:56PM
Marketwired
Successful prospecting and geochemical sampling programs were
completed on BCM Resources Corporation's (TSX VENTURE: B) Lorne and
Alder molybdenum ("Mo") properties in early fall 2009. Previous
work at these two properties, located in the Terrace area of
northwestern British Columbia, has been minimal, with most of the
Company's efforts over the past few years focused on the nearby
Molybdenum Creek and the flagship Shan properties.
The Lorne and Alder properties, situated 35 and 70 km north of
Terrace respectively, have geological features typical of Alice Arm
style molybdenum deposits and prospects.
Lorne and Alder are two of numerous known molybdenum prospects
associated with small granitic stocks, located along the eastern
margin of the Coast Belt between Alice Arm and Terrace. The
formerly producing Kitsault molybdenum mine near Alice Arm is
currently the focus of a feasibility study being carried out by
Avanti Mining Corp. to determine the possibility of renewed
production. Proven and probable open pit reserves are reported as
being 215 million tonnes grading 0.085% Mo.
Prospecting on the Lorne property in early September disclosed
the presence of bedrock exposures of granitic rocks laced with
quartz veinlets in South Lorne Creek. Previous rock sampling,
conducted by BCM in 2006, near the headwaters of South Lorne Creek
and in the vicinity of two, short drill-holes completed in 1981,
returned Mo values of between 10 and 500 ppm from 14 samples
collected within a 700 x 500 metre area. Results of additional rock
sampling in 2008, from 1.5 - 3 km east of the initial sampling,
suggest a continuation of mineralization in this direction.
Thirteen stream sediment samples were collected from small
drainages tributary to South Lorne Creek in this area during the
2009 program. Both -80 and +80 mesh size samples were subjected to
ICP-MS analyses at Acme Analytical Laboratories in Vancouver. Nine
of the -80 mesh size samples returned strongly anomalous molybdenum
values of between 53 and 401 ppm Mo plus elevated Cu, Pb, Zn and Ag
values. The thirteen +80 mesh size samples included five with Mo
values of between 66 and 384 ppm.
While the significance of the foregoing anomalous molybdenum
values requires additional investigation, the results clearly
suggest that the area of interest within the Lorne property is
significantly larger than previously thought.
The Alder property is situated mainly on a steep, heavily
forested, south-facing slope which in the past has made access to
the property difficult thus limiting previous exploratory work. A
newly built active logging road, extending south approx. 20 km from
the Nass highway and currently terminating approx. 800 meters
northeast of the known mineral showings, has made the property much
more accessible; providing ready access to complete a sampling
program in early October which included the collection of 46 rock
and 17 stream sediment samples. The Company also staked an
additional 426 hectares (1,053 acres) of mineral claims on the
northeast side of the original claim block.
Bedrock samples were collected from the area of the original
mineral showings, an area upstream and from exposures along the
logging road within the newly acquired claims. Best results were
obtained from ten samples collected within a 100 square metre area
surrounding the original showings. Eight of these samples contained
Mo values greater than 100 ppm, ranging up to more than 2000 ppm
and averaging 445 ppm. These samples also contained elevated Cu
(average 326 ppm) and Ag values.
Although rock samples collected between 600 and 1200 metres
upstream from the original showings did not contain significant
values, stream sediments returned elevated zinc values. A stream
sediment sample collected from an east-flowing drainage within the
new claim area returned 12 ppm Mo plus enhanced Zn and Ag values.
Additional sampling, within and adjacent to the area of the
original showings, is warranted at Alder.
The Company looks forward to continued exploration at both the
Lorne and Alder projects in the upcoming exploration year.
BCM Resources Corporation's common shares are traded on the
TSX-Venture Exchange under the symbol "B".
Qualified Person: Nicholas Carter, Ph.D., P.Eng., a Qualified
Person as defined in NI 43-101, has reviewed the technical content
of this news release.
Dale McClanaghan, President & CEO
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: BCM Resources Corporation Deborah Goldbloom Investor
Relations 1 (604) 646-0144, ext. 223 or Toll Free: 1 (888) 646-0144
info@bcmresources.com www.bcmresources.com
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