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BCM Resources – Comments from Dr. Quinton Hennigh
November 12, 2021
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On November 12, 2021, Dr. Quinton Hennigh made a series of comments regarding the latest new release from BCM Resources (dated November 8, 2021). These comments were made on the weekly Crescat YouTube video recorded on Friday, November 12th. Below are the main points from the comments made by Quinton Hennigh. Direct quotes (transcribed by me). When transcribing, it is always possible one could mishear a word.
As the company drilled hole TK-3, it intersected skarn at first. Skarn is the area around the porphyry that has been heated up. Quinton Hennigh referred to it as the “heat shell” that had been “cooked up.” He made mention of the skarn having “a lot of sulfide in places as well as recrystallized dolomite with lots of sulfide and chalcopyrite and pyrite.” He said it “shows a fair bit of metal in the system.” He mentioned that he would be “keen to see what the grades tell us.” The company, according to Quinton Hennigh, had demonstrated “there is a big system down there.”
However, he mentioned “what is more interesting to me is this porphyry.”
The porphyry was “highly altered (quartz) monzonite.” He mentioned he thought by the pictures it had sericite alteration. He could not tell if it displayed potassic alteration. He mentioned you could “see stockwork quartz veining and sulfide associated with the quartz veining.” Speaking of the company news release, he said “they report chalcopyrite as well as molybdenite in those stockwork veins.” He emphasized “that is classic porphyry mineralization.” Even more so he added “that is the type of thing you would want to see in and around a significant porphyry deposit.”
He also mentioned the company was not happy with the last drill hole not reaching target depth and they are “moving toward a different drill approach.” He thinks the company should have some information out on that soon.
If that was not enough, Quinton Hennigh ended on a rather positive note. He said “they are hitting the right stuff and I truly hope these guys make a discovery of a lifetime.”
Disclosure: I hold positions (am a shareholder) in BCM Resources. I wrote this article myself and it expresses my own opinions. I am not receiving compensation for writing it from any company written about in this article. I have no business relationship with any company whose stock is mentioned in this article.
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I am not a certified financial advisor or planner. I am not a certified financial analyst. In addition, I am not an economist or an accountant or a lawyer. I am not a finance professional through formal education. I do have my undergraduate degree and my master’s degree in Geoscience. With that being said, I have never worked a single day in my professional life as a Geologist. I am not a Professional Geologist (PG) in terms of credentials. The contents on this site are for informational purposes only and does not constitute financial, investing, accounting, or legal advice. I cannot promise that the information provided on my posts are appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. The risk of loss in trading or in investing in stocks in general or in natural resource exploration companies can be substantial. You could loss one hundred percent of the amo |
