News Releases
17-Jan-2013
BCGold Corp. Identifies Copper and Gold Soil Anomalies Adjacent to Mt. Milligan Mine
read pdfVancouver, British Columbia, January 17, 2013 (TSX-V:BCG) - BCGold Corp. (or the "Company") is pleased to announce results from a mobile metal ion (MMI) soil sampling survey on its 100%-owned Rainbow property in central British Columbia. The 926 ha Rainbow property is 3 km from the new Mt. Milligan Mine, which is currently being constructed by Thompson Creek Metals Company. The Mt. Milligan Mine has proven and probable mineral reserves of 482 million tonnes grading 0.39 g/t Au and 0.20% Cu, containing 6.0 million ounces gold and 2.1 billion pounds copper.
BCGold Corp.’s orientation MMI sampling program identified a strong copper-gold soil anomaly that measures approximately 350 m by 250 m and is open to expansion in all directions. The anomaly returned a strong gold response, with values up to 56 times background values, and is associated with a stream sediment anomaly that drains a 350 m by 700 m topographic high, with no outcrop exposure.
Additionally, the MMI sampling identified two copper soil anomalies that are also associated with stream sediment anomalies. These soil anomalies returned moderate copper MMI responses of 17 times background values, but overall copper grades ranged very high from 2,482 ppb to 6,340 ppb Cu. The two copper anomalies measure 400 m by 300 m and 600 m by 300 m, respectively.
All three MMI soil anomalies warrant follow-up work and are open for expansion. The anomalies are road accessible and located within 1 km of the Mt. Milligan access road. Please refer to the Rainbow property presentation on the Company’s website at http://www.bcgoldcorp.com/all_files/rainbow-pres-150dpi-jan-2013.pdf for additional information.
About the Rainbow Property
The Rainbow property consists of two mineral claims located within the Mt. Milligan property boundary. Previous exploration conducted on the property between 1988 and 1991 by BP Resources Canada Ltd. and Placer Dome Inc. included geological mapping, soil sampling, and airborne magnetic and ground induced polarization (IP) geophysics. The Rainbow property went dormant when the Mt. Milligan project was put on hold shortly afterwards.
Exploration was reactivated in 2008 when Terrane Metals Corp. completed a 1,458 line-km airborne magnetic-EM (HeliGEOTEM) survey over the Mt. Milligan and Rainbow properties to target satellite deposits associated with the Mt. Milligan porphyry system. Terrane Metals conducted stream sediment sampling using the BLEG (Bulk Leach Extractable Gold) technique, which identified copper and gold stream sediment anomalies that drain the Rainbow property.
Quality Assurance / Quality Control
BCGoldCorp.’s 2012 MMI soil sampling field program on the Rainbow property was conducted by Dumas Consulting, an independent contractor to the Company. Soil samples were submitted to SGS Minerals Services in Toronto, Ontario, an ISO/IEC 17025 accredited laboratory, where they were prepped and analyzed using proprietary MMI-M methodology. The work program was supervised by Darren O’Brien, P.Geo., Vice President of Exploration for BCGold Corp. and a Qualified Person as defined by National Instrument 43-101. Mr. O’Brien has reviewed and approved the technical contents of this news release.
Off-White Gold Property
BCGold Corp. reports it has elected not to proceed with the option to acquire the Off-White Gold
property and concentrate on generating value from its 100%-owned properties. BCGold Corp. has
returned the property to the vendor, Mr. Robert Stirling, after completing a preliminary prospecting and
geochemical program.
About BCGold Corp.
BCGold Corp. (TSX-V: BCG) is focused on exploration and development of its 100%-owned historic
Engineer Mine and adjoining Gold Hill properties, situated in northwestern British Columbia. Since 2007,
the Company has incurred approximately $3.5 million in expenditures to demonstrate the exploration
upside and near term mining potential of these properties.
BCGold Corp. has generated 27 early to mid-stage gold and copper-gold properties in British Columbia
and Yukon that it will continue to advance through sourcing preferred joint venture partners.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO
For further information please contact:
Marla Lede
Manager, Corporate Communications
Tel: 604-697-2412
Email: [email protected]
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.