VOIGTBERG PROPERTY

Highlights:

• 2900 ha project with porphyry
  gold-copper and base metal potential
   
• “Gold Zone” partially defined over a
  strike length of 300 m and remains
  open along strike and at depth;
  includes drill intersection of 51.15 m
  @ 1.03 g/t Au, including 18.17 m
  @ 1.87 g/t Au
   
• “North Zone” has coincident I.P.
  chargeability and soil geochemical
  anomalies with anomalous gold and
  molybdenum in drill core
   
• New “Moly Zone” identified, and
  sampling indicates possible expansion

The Voigtberg Property covers approximately 29 square kilometres in northwestern British Columbia. The Property is located 130 kilometres northwest of Stewart and 40 kilometres east of the Galore Creek Copper-Gold-Silver (Cu-Au-Ag) deposit, owned by NovaGold Inc. and Teck-Cominco Ltd. The Galore Creek deposit is one of the largest, and highest-grade, undeveloped porphyry-related copper-gold-silver deposits in North America.

The Property was explored sporadically through the 1980s and 1990s. However, recent retreat of glaciers in the area has exposed additional bedrock and provided better opportunities for exploration. A review of previous work indicated that a large intrusive-centred mineralizing system is evident at Voigtberg, capable of hosting economic quantities of bulk-tonnage, porphyry-related copper, gold and molybdenum (Mo) mineralization. Management of BCGold believe the Gold Zone represents a pyrite-gold halo associated with a copper-gold, molybdenum porphyry system. The higher copper and molybdenum values found in both rock and soil from the North Zone suggests the core of the system lies further to the northeast and/or northwest. The combination of widespread mineralization, favorable geology and the significant glacial retreat that has occurred in the area since previous exploration work makes for a very compelling exploration opportunity for BCGold.

In 2006, BCGold entered into an option agreement with Kaminak Gold Corp. to earn up to 70% interest in the Voigtberg Property. Since then, BCGold has completed two exploration programs, including geological mapping and prospecting, 8 diamond drill holes, soil geochemistry surveys and a 412 line kilometre airborne Induced Polarization (I.P.) survey. The Gold Zone has now been partially defined by 6 drill holes over a strike length of 300 metres and remains open along strike and at depth. Surface work at the North Zone defined previously unidentified molybdenum mineralization, which was confirmed in drilling, including a near-surface interval of 41.34 metres averaging 0.18 g/t Au and 0.019% Mo, including 14 metres of 0.05% Mo from 4.26 metres to 18.26 metres. The North Zone I.P. anomaly remains open to the north. 

last updated: December 11, 2008