Newsletter Signup

News Releases

2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  
14-Jun-2010

BCGold Corp. Commences Underground Drill Program at Engineer Gold Mine Property, B.C.

pdf read pdf

June 14, 2010 - BCGold Corp. (or the “Company”) is pleased to announce that underground diamond drilling has commenced at the Company’s historic high-grade gold Engineer Mine property, situated 32 kilometres west of Atlin, B.C.

Phase I drilling will entail up to 1,000 metres in 6 holes, targeting high-grade extensions defined by historic and recent sampling of the Engineer and Double Decker gold veins between the fifth and eighth levels of the mine. BCGold Corp. recently reported channel sample results averaging up to 794 grams/tonne (g/t) gold and 642 g/t silver over 0.5 metres from the Engineer Vein and 538 g/t gold and 299 g/t silver over 0.48 metres from the Double Decker Vein (see BCGold Corp. news release March 3, 2010). The samples were extracted from accessible vein exposures on the fifth level of the mine.

The objective of Phase I drilling is to confirm that high-grade gold shoots persist at depth and to substantiate a more extensive Phase II drill program directed at upgrading and increasing the current potential mineral target of 100,000 - 150,000 tonnes averaging 8 - 12 g/t gold, containing 26,000 - 57,000 ounces gold, to NI 43-101 standards.

The above target is conceptual in nature and based on a 3-D VulcanTM model developed by BCGold Corp. that incorporates historic geological maps and sections, chip samples and production records. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in this target being delineated as a mineral resource. (See BCGold Corp. news release March 18, 2009)

Mr. Bruce Coates, P.Geo., the Qualified Person for the purposes of National Instrument 43-101, has reviewed the technical content of this news release.

About the Engineer Mine Property

BCGold Corp. has an option to earn 100% interest in the Engineer Mine Property.
Engineer Mine was a high-grade gold producer that peaked in the mid-1920s and ceased production in the early 1930s, primarily due to water ingress issues. There are more than 25 known veins on the property; only 4 have undergone limited production and exploration to date. All veins remain open at depth and little exploration has been conducted deeper than 200 metres below surface.

About BCGold Corp.

BCGold Corp. (TSX-V: BCG) is a Vancouver-based junior resource company focused on copper and gold exploration in under-explored historic and emerging mining districts in British Columbia and Yukon. BCGold Corp. acquires and develops conceptual, early and mid-stage, exploration opportunities and advances them towards resource development by using internal expertise, engaging preferred joint venture partners, and creating strategic alliances with major exploration and mining companies. Currently, institutional investors hold 29% of the Company's outstanding shares and Kinross Gold Corporation holds 11%.

On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO

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. 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 of future payments, expenditures and unit issuances and the timing and success of future exploration, development and production activities.

For further information, please contact:
Investor Relations
Tel. (604) 646-1589
Fax (604) 642-2411
[email protected]