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BCGold
Corp. (TSX VENTURE:BCG
- News; PINK
SHEETS:BCGOF - News; or the
"Company") is pleased to announce that it has staked three more
properties in South Central B.C. that target blind porphyry copper-gold
deposits similar in style to the Afton-Ajax and Mount Polley
deposits. These properties lie south of the four properties staked by the
Company and announced last month (see BCGold Corp.
news release October 6, 2010). All seven properties lie in the poorly exposed
and highly prospective south central Quesnel Terrane region.
The three new properties (4,289 hectares), named the Lauder Creek, Dartt Lake and Clear Range properties, are road
accessible and situated in an east-west band 22 kilometres
north of Merritt, spanning from 15 kilometres north
of Lytton, eastward to Douglas Lake. The properties are located over
anomalous drainage basins interpreted from new stream sediment geochemical
results, which are in proximity to coincidental gravity and magnetic
geophysical anomalies. BCGold Corp. management
believes these anomalous zones may be related to concealed porphyry
copper-gold hydrothermal systems.
BCGold
Corp. recognized these anomalies as prime porphyry copper-gold exploration
targets during a review of data collected and recently published by Geoscience BC's QUEST-South Project. The data reviewed by
the Company pertain to a recently commissioned airborne gravity geophysical
survey of B.C.'s southern interior and the reanalysis of some 9,000 archived
and new infill regional geochemical samples.
A significant component of BCGold Corp.'s
South Quesnel generative exploration strategy was
to screen the recent releases of Geoscience BC
QUEST-South geophysical and geochemical data files and aggressively stake
open watersheds with anomalous silt sample copper values and geophysical
signatures.
Plans for Exploration
Field crews have recently completed reconnaissance mobile metal ion
(MMI(TM)) soil surveys on each property. Properties with copper and gold
MMI(TM) anomalies will be followed up by infill geochemical and geophysical
surveys in 2011 to define targets for subsequent drill testing.
About Geoscience BC/the QUEST-South Project
Geoscience BC
is a not-for-profit organization working with a variety of groups, including
industry and government, to fund applied geoscience
projects. The QUEST-South Project is part of Geoscience
BC's QUEST Project, which was initiated in 2007 to attract mineral
exploration to an under-explored region of the Quesnel
Terrane. The region has excellent potential for
copper and gold porphyry deposits, but is extensively covered by blankets of
post mineralization Tertiary volcanic flows and thick layers of glacial sand
and gravel deposits.
About BCGold Corp.
BCGold
Corp. (TSX VENTURE:BCG
- News) 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.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO
Some statements in this news release contain forward-looking
information. These statements include, but are not limited to, statements
with respect to future payments, expenditures and unit issuances 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.
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.
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