BCGold Corp. Hyperspectral Results Further Support for Large Porphyry–breccia–vein System at Pucacorral
Vancouver, British Columbia, December 16th, 2016 (TSX-V: BCG) – BCGold Corp. (“BCGold” or the “Company”) is pleased to announce results of a spectral analysis study performed on grab and channel samples collected and previously reported at the Company’s 100% owned Pucacorral property in central Peru (See BCGold News Releases dated November 15th, December 5th and December 8th, 2016).Recent developments in hyperspectral sensor technology allows for the discrimination of complex alteration assemblages associated with intrusive-related porphyry mineralizing systems. Geologists can use this information to develop 3-Dimensional alteration models and exploration vectors to the most prospective copper and gold mineralization “shells” of a porphyry system.
Pucacorral spectral results confirm the presence of a large, zoned hydrothermal alteration imprint associated with porphyry-type mineralization in the central portion of the Pucacorral property. The presence of a distinct, high-temperature white-mica mineral assemblage (paragonite-muscovite) observed only at the lower-most, copper-rich Sairita breccia veins, provides further support this vein system is in close proximity to the porphyry centre. Pucacorral Geology 3D View. Alteration mineral assemblages corroborate BCGold’s current understanding of the Pucacorral mineralized system and provide further exploration vectors to pinpoint the location of the mineralized porphyry center at Pucacorral.
BCGold performed spectral analysis on 94 rock chip channel samples and 24 breccia/vein grab samples from the San Mateo and Sairita mines utilizing a spectrometer and aiSIRIS™ interpretation software at ALS Chemex.
Pucacorral Porphyry System
BCGold Corp. previously reported the discovery of a porphyry intrusive centre and copper porphyry-style alteration within an area measuring at least 1.5 kilometres by 1.5 kilometres at Pucacorral. BCGold mapped and sampled five previously mined polymetallic breccia veins at the San Mateo mine over a vertical range of 175 metres and found evidence of a vertical metal zonation within that range. This profile shows higher lead and zinc values at higher elevations, giving way to an increase in breccia-hosted copper mineralization (and grades) at depth. The Company is positioning to conduct I.P. and magnetic geophysical surveys to establish drill targets at Pucacorral in early 2017. Furthermore, BCGold expects to receive a NI43-101 technical report detailing Phase I exploration at Pucacorral which will be posted on the Company’s website and SEDAR in early Q1-2017.
Victor Jaramillo, M.Sc.A., P.Geo, a qualified person as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this news release. Mr. Jaramillo is responsible for the company's Pucacorral project development.
BCGold is a Vancouver-based junior resource company that has been listed on the TSX Venture Exchange for 10 years, with a focus on copper and gold exploration in British Columbia, Yukon and more recently, Peru. The Company acquires prospective gold and copper-gold exploration properties considered to have significant mineral potential by staking, option or purchase agreements. The Company currently has a portfolio of 2 – 100% owned gold-copper-silver properties in Peru, 10 – 100% owned and 2 partially owned gold and copper-gold properties in B.C. and Yukon.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO
|For further information, please contact:|
|Brian P. Fowler|
President & CEO
|Gary A. Anderson|
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 or forward-looking statements. 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 and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration, development and production activities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.