News Releases
01-May-2013
BCGold Corp. Provides Engineer Mine Update and Announces Changes to Board of Directors
read pdfVancouver, British Columbia, May 1, 2013 (TSX-V: BCG) - BCGold Corp. ("BCGold" or the
"Company") announces that pursuant to terms of the March 3rd, 2013 Letter of Intent with Solid Holdings Ltd., both parties have agreed to extend the 45 day due diligence period to further refine capital and operating cost estimates for the proposed small tonnage gold mining operation. During this extended due diligence BCGold is permitted to pursue alternative Engineer Mine development opportunities with other parties. The Company is considering a number of expressions of interest received subsequent to the March 3rd, 2013 announcement.
BCGold also wishes to announce that Mr. John Kowalchuk, P.Geo., has joined the Company’s Board of
Directors. Mr. Kowalchuk has served as technical advisor to BCGold’s board since the Company’s inception in 2006. Mr. Kowalchuk possesses more than 43 years of mineral exploration experience with both senior and
junior mining companies working in Canada, US, Mexico, Chile and Nicaragua. He was Yukon and Northern
B.C. District Geologist for Placer Dome for over 6 years and was instrumental in the discovery of several worldclass mineral deposits, including the Howard's Pass SEDEX lead-zinc deposits operated by the Selwyn Chihong Mining JV, and the Kerr-Sulphurets copper-gold porphyry deposits operated by Seabridge Gold. Mr. Kowalchuk is a director and officer of numerous junior exploration companies.
"We are very pleased that Mr. Kowalchuk has agreed to join the BCGold Board of Directors" states Brian P.
Fowler, P.Geo., President and Chief Executive Officer of BCGold. "Mr. Kowalchuk’s extensive copper-gold
exploration background and unique skill set is a natural complement for BCGold’s exploration and development strategy. Mr. Kowalchuk’s technical prowess and exploration insights will greatly assist the Company’s exploration, acquisition and growth strategies, particularly in B.C. and Yukon."
BCGold Corp. also announces that the Company has accepted board resignations from Messrs. Guy Le Bel and Wes Roberts. The board and management would like to thank Mr. Le Bel and Mr. Roberts for their respective contributions and wish them success in their future endeavors.
About BCGold Corp.
BCGold Corp. (TSX-V: BCG) is focused on exploration and development of its 100%-owned historic Engineer Mine and the adjoining Gold Hill properties, situated in northwestern British Columbia. Since 2007, the Company has incurred approximately $3.9 million in expenditures to demonstrate the exploration upside and near-term mining potential of these properties.
BCGold Corp. has generated 27 early to mid-stage gold and copper-gold properties in British Columbia and
Yukon that it will continue to advance through sourcing preferred joint venture partners.
BCGold Corp. is unique in that it exposes investors to the prospect of discoveries while being positioned to
offset exploration costs by monetizing / forward-selling gold concentrate recovered from on-site processing of
high-grade gold bulk samples at Engineer Mine.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO
For further information please contact:
Corporate Communications
Tel: 604-697-2412
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information or forward-looking statements. These statements include, but are not limited to, statements with respect to future expenditures and exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration, development and production activities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.