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VANCOUVER, BRITISH
COLUMBIA--(Marketwire - Oct. 5, 2009) - BCGold Corp.
("BCGold" or the "Company") (TSX VENTURE:BCG) is
pleased to announce it has received a bulk sampling technical report
from Snowden Mining Industry Consultants Limited ("Snowden"),
for the Company's historic Engineer Mine Property, situated 32
kilometres west of Atlin, British Columbia. Snowden's report provides
guidance to the Company in conducting an underground bulk sampling
program at the Engineer Mine Property. A bulk sampling program would
provide a sound basis for an underground definition drill program, a NI
43-101 compliant Mineral Resource estimate and possibly future trial
mining.
The objective of a bulk sampling program is to validate gold grade and
its continuity in the Double Decker and Engineer Veins between the 5
and 8 Levels, which are currently flooded and partially mined. Both
veins remain open along strike and at depth. It is on the 8th Level,
along the Double Decker Vein, that historic sampling records indicate a
24.7 metre section that averaged 38.0 grams per tonne (g/t) gold,
containing a 10.0 metre interval that averaged 84.3 g/t gold across the
width of the drift (Brinker Report, 1927). Snowden has reviewed all
aspects of the program to ensure that it meets the Company's objectives
and will conform to leading practice. The review has included:
- Ore mineralogy and gold particle size issues;
- Local geology;
- Metallurgical characterisation;
- All aspects of the bulk sampling programme including; protocols,
location, collection
methods, handling, processing and QA/QC; and
- Estimation of sampling error through the application of Gy Sampling
Theory.
The principal goals of Snowden's study were to:
- Provide BCGold with practical advice on carrying out the program; and
- Allow BCGold to collect, process and assay samples that can be used
to support and verify gold grades and continuity for resource
estimation purposes within the framework of NI 43-101.
"This is another important step towards unlocking value at
Engineer Mine," states Brian P. Fowler, P.Geo., President and
Chief Executive Officer of BCGold. "The Snowden report is an
essential compliment to BCGold's exploration approach at the Engineer
Mine Property, where the Company is committed to exploring mineralized
extensions of the Engineer system and developing an economic mineral
resource. Management is now integrating Snowden's report and
recommendations into a 2010 Engineer Mine exploration budget
proposal."
About Engineer Mine
The historic Engineer Mine was a high-grade gold producer that reached
its zenith in the mid-1920s and ceased production in the early 1930's;
primarily due to water ingress issues and an overwhelmed and antiquated
mine water pumping system. More than 560 kilograms of gold were
officially produced at a realized grade exceeding 39 g/t gold from
high-grade epithermal quartz-carbonate veins on 5 mine levels. The
presence of visible gold was the primary method of identifying and
following ore shoots in the veins. All veins remain open at depth and
little exploration has been conducted deeper than 200 metres below
surface. BCGold recognises that there is excellent potential for
additional resources in undiscovered veins as well as deeper and
lateral extensions to veins that were mined previously. Significant
potential also exists for a bulk tonnage, lower grade gold resource
associated with the Shear Zone "A" hydrothermal breccia
system, partially drill tested by BCGold in 2008. (See BCGold Corp.
News Release dated December 2, 2008).
Engineer Mine currently has no publically reported Mineral Resources or
Reserves, but has an "Exploration Target" of between 100,000
tonnes to 150,000 tonnes of potential ore at a grade of 8 g/t gold to
12 g/t gold for between 26,000 ounces to 57,000 ounces gold. This
estimate is conceptual in nature, is non NI 43-101 compliant and based
on a 3-D VulcanTM model developed by BCGold 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
Exploration Target being delineated as a mineral resource.
BCGold is in possession of a permit, issued by the British Columbia
Ministry of Environment on April 23, 2008, which entitles the Company
to de-water Engineer Mine up to April 15, 2010. (See BCGold Corp. News
Release dated May 5, 2009) An application has been made to extend this
date by a period of 1 year.
The technical contents of this release have been reviewed by Dr. Simon
C. Dominy, FAusIMM (CP) FGS (CGeol) MIMMM (CEng), Executive Consultant
and General Manager (UK) for Snowden, principle author of the Snowden
Technical report and a Qualified Person pursuant to NI 43-101.
About BCGold Corp.
BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource
company focused on copper and gold exploration in under-explored mining
and exploration districts in British Columbia and Yukon. BCGold
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 mineral potential and planned 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, realized mineralization of
properties 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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