B BCM Resources Corp

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

BCM Resources (TSXV:B)
Historical Stock Chart
From Jun 2024 to Jul 2024

BCM Resources (TSXV:B)
Historical Stock Chart
From Jul 2023 to Jul 2024