VANCOUVER, BC, Aug. 25, 2020 /CNW/ - BCM Resources
Corporation (TSXV: B), is very pleased to announce the
appointment of Dr. Sergei Diakov to
its Board of Directors. BCM Resources Corporation is a diversified
Canadian mineral exploration company now focused on completing
Phase 1 discovery drilling of the Thompson Knolls porphyry
copper-gold property in the Great Basin of western Utah.
Dr. Sergei Diakov is an extremely
experienced geologist/manager, who has worked for several large
mining corporations in regional geology, structural analysis,
geochemistry and geology of ore deposits, prospecting and
exploration of various types of ore deposits, incorporating
economic assessment of mineral projects, management of exploration
programs, management of health and safety, environmental,
geological, and social risks.
He has widespread experience working in multicultural
environments, building efficient and successful exploration teams.
His advanced experience involves several mineral commodities
(porphyry copper, gold, nickel, base metals, uranium, potash, and
metallurgical coal).
Dr. Diakov has a proven discovery record: leading his BHP team
to the original discovery of Oyu Tolgoi Porphyry Cu-Au-Mo deposit
in Mongolia and, most recently, he
led his AngloGold Ashanti team resulting in a significant Porphyry
Cu-Au discovery Nuevo Chaquiro in Colombia.
Dr. Diakov has a professional reputation of excellent safety
performance, effective leadership skills and team building
capabilities with a strong discipline and commitment to designing,
planning and execution of exploration and development programs.
Dr. Diakov stated, "I am excited to join BCM Resources Corp
seeing in Thompson Knolls a raw porphyry system discovery in
Utah (made by BCM Resources Corp)
that has the hallmarks of a Porphyry Cu-Au system with the
footprint scale of Bingham Canyon. I will bring to bear my
expertise, along with the solid BCM technical team, to effectively
vector-in on the best part of the mineral system".
Dr. Diakov very recently retired from Anglo American where in his last posting he
served as Group Discovery Advisor. Prior to that he was
employed with AngloGold Ashanti as VP Explorations Americas. From
1995 to 2010 Dr. Diakov worked around the globe for BHP Billiton
managing various exploration programs.
Technical Team
BCM Resources Corp has put a formidable technical team to
rapidly advance the Thompson Knolls Porphyry Cu-Au-Mo discovery. At
the Board level, Dr. Diakov joins Rick
Redfern, formerly with Barrick. Consulting to the company is
Vic Chevillon, formerly with Placer
Dome, and Lindsay Bottomer, formerly
with Entrée Gold and the Prime Group of companies.
Thompson Knolls Porphyry Cu-Au-Mo discovery
BCM Resources Corp has the right to earn a 60% interest in the
TK project, located in west-central Utah,
USA. TK is a greenfield discovery of a blind Cu-Au porphyry
system. TK is situated 210 Km southwest of the Bingham Canyon
porphyry copper-molybdenum-gold mine of Rio Tinto. One core hole,
TK18-1, has been drilled, which intersected a porphyry copper
mineralized body of Laramide-age quartz monzonite porphyry (QMP)
with locally strong potassic- and quartz-sericite alteration and
locally abundant pyrite and lesser oxide copper mineralization. The
QMP intruded a pre-mineral body of quartz latite porphyry. This is
suggestive of the top of a typical porphyry copper-gold system.
BCM/Inland has received permits from the State of Utah and the U.S. Bureau of Land
Management for the drilling of 5 exploration holes to test its
porphyry copper-gold system.
The Company's Vice President Exploration, Mr. Richard R. Redfern, M.Sc. and Certified
Professional Geologist, a 'qualified person' for the purposes of
National Instrument 43-101, has verified and approved the
information contained in this news release.
Incentive Options Grant
In accordance with the company's incentive stock option plan the
Company announces, subject to regulatory approval, it has granted
925,000 incentive stock options to directors, officers &
contract employees of the Company. The options are exercisable at a
price of $0.05 per share for a period
of 5 years from August 15, 2020.
About BCM Resources Corporation
BCM Resources Corporation is a diversified Canadian mineral
exploration company now focused on completing Phase 1 discovery
drilling of the Thompson Knolls property, its key asset. BCM also
controls prospective Copper, Gold, and Molybdenum exploration
projects in British Columbia. BCM
Resources is managed by experienced and successful board members
and advisors. For further information, including area maps,
sections, and photos, please visit our web site
at www.bcmresources.com or contact us by e-mail
at info@bcmresources.com.
ON BEHALF OF BCM RESOURCES CORP.
"Dale McClanaghan"
President and Chief Executive
Officer
Caution Concerning Forward-Looking Statements:
This news release and related texts and images on BCM Resource
Corporation's website contain certain "forward-looking statements"
including, but not limited to, statements relating to
interpretation of mineralization potential, drilling and assay
results, future exploration work, and the anticipated results of
this work. Forward-looking statements are statements that are not
historical facts and are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements,
including, without limitation: risks related to fluctuations in
metals prices; uncertainties related to raising sufficient
financing to fund the planned work in a timely manner and on
acceptable terms; changes in planned work resulting from weather,
logistical, technical, governmental, social, or other factors; the
possibility that results of work will not fulfill expectations and
realize the perceived potential of the company's projects;
uncertainties involved in the interpretation of sampling and
drilling results and other tests; the possibility that required
permits and access agreements may not be obtained in a timely
manner; risk of accidents, equipment breakdowns or other
unanticipated difficulties or interruptions; the possibility of
cost overruns or unanticipated expenses in these work programs.
Forward-looking statements contained in this release are based
on the beliefs, estimates, and opinions of management on the date
the statements are made. There can be no assurance that such
statements will prove accurate. Actual results may differ
materially from those anticipated or projected. BCM Resources
Corporation undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates,
opinions, or other factors, should change.
This news release and the information contained herein does not
constitute an offer of securities for sale in the United States and securities may not be
offered or sold in the United
States absent registration or exemption from
registration.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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SOURCE BCM Resources Corp.