News Releases
09-Sep-2009
BCGold Corp. Advances Minto Area Properties
September 09, 2009 - BCGold Corp. ("BCGold" or the "Company") is pleased to announce that exploration field work has been accelerated on the Company's 6 Minto-area copper-gold properties ("Minto Block"), strategically situated north and along trend with Capstone Mining Corp.'s high-grade copper-gold Minto mine in central Yukon. The highly prospective nature of the area has been exemplified by Capstone's continued exploration success at their recently discovered Minto North high grade copper-gold deposit; situated 600 metres north of the current open pit mine. To view BCGold's Minto Block properties, please view the following link: (Minto Block - I.P & Copper MMI Anomalies).
BCGold has commenced a 17 kilometre induced polarization (I.P.) survey on the Company's Apex East Property, immediately north of the Minto Mine property, following up a number of magnetic and copper ± gold mobile metal ion (M.M.I.TM) anomalies outlined by previous property-wide surveys. The Company expects the I.P. survey will define a number of "Minto-style" copper-gold drill targets which could be drill tested later this year.
This past summer, BCGold completed detailed geological mapping, prospecting and sampling programs on 5 properties north of Minto mine, following up copper ± gold soil M.M.I.TM anomalies and coincidental "Minto-type" magnetic and I.P. anomalies defined previously by BCGold. The Company is in receipt of NI43-101 technical reports for the Toe and Pepper properties, recently prepared by Company consultant Jean Pautler, P.Geo., that recommend additional I.P. survey work and diamond drilling on both properties. The Toe and Pepper properties meet the requirements of a "Qualifying Transaction" (QT), for the purposes of the Policies of the TSX Venture Exchange (the "Exchange") and BCGold is currently seeking suitable joint venture partners to advance them.
In addition, exploration field work continues on BCGold's Carmacks Block of properties, situated 50 kilometres to the south, adjacent to Western Copper Corp.'s recently permitted Carmacks Copper Project. A staged work program entailing geological mapping, prospecting and I.P. surveys is underway. The Company recently received a Class III Approval exploration permit from the Yukon government and an excavator trenching program has commenced on the WS property.
Carmacks Copper-Gold Properties
BCGold Corp. has an option earn 100% interest in 17 mineral properties (17,125 hectares) strategically located proximal and adjacent to Capstone Mining Corp.'s currently producing Minto Mine and Western Copper's recently permitted Carmacks Copper Project. The Company has been methodically exploring the Carmacks Copper-Gold Properties since 2006, having incurred in excess of $3.0 million in exploration expenditures to date. BCGold has discovered 7 copper-gold mineralized zones to date, including a 63.1 metre drill hole intercept from the WS property averaging 0.17% Cu (including 23.6 meters averaging 0.34% Cu).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]