News Releases
12-Feb-2014
BCGold Corp. Announces Engineer Mine Drill Program
read pdfVancouver, British Columbia, February 12, 2014 (TSX-V: BCG) - BCGold Corp. (“BCGold” or the
“Company”) is pleased to announce its plans to conduct an exploratory diamond drill program targeting
what is believed to be the intrusive source of high-grade epithermal gold mineralization at the Company’s
Engineer Mine property in the renowned Atlin gold mining district of northern British Columbia. The
Company also plans to conduct a step-out soil geochemical survey along the +8 km of highly prospective
shear zone structures on the property, in order to follow up positive results from a trial MMI survey
conducted on the property in 2012.
“Company”) is pleased to announce its plans to conduct an exploratory diamond drill program targeting
what is believed to be the intrusive source of high-grade epithermal gold mineralization at the Company’s
Engineer Mine property in the renowned Atlin gold mining district of northern British Columbia. The
Company also plans to conduct a step-out soil geochemical survey along the +8 km of highly prospective
shear zone structures on the property, in order to follow up positive results from a trial MMI survey
conducted on the property in 2012.
Near Mine Exploration Target
A SkyTEM deep penetrating, Time-Domain Electromagnetic / Magnetic (TDEM) survey conducted over
the Engineer Mine property in 2011 defined a 250 m diameter magnetic high flanked by a 500 m long,
resistivity high associated with Shear Zone A. This geophysical response corresponds to MMI gold and
arsenic-in-soil anomalies and supports the premise for a causative, near-surface intrusion and alteration
envelope associated with the Engineer Mine gold mineralizing system. These features are located
immediately south and east of the historic mine workings; they were not previously drill tested because
BCGold did not hold all of the overlaying mineral claims. The Company acquired the claims from Blind
Creek Resources Ltd. in August 2013.
Shear Zone A - Low Sulphidation Epithermal Gold
Shear Zone A is a +6 km long, 200 m wide splay fault off the regional-scale Llewellyn fault, a long-lived,
major litho-tectonic bounding crustal fault structure central to numerous gold and mineral occurrences in
the Tagish Lake district. Shear Zone A was drill tested by BCGold in 2008 over a 400 m strike length in
the immediate mine workings area. A seven-hole, 1,846 m drill program defined a broad, continuous and
low-grade gold (0.5 g/t Au) hydrothermal breccia zone that remains open in all directions. The
southernmost hole, BCGE 08-07, located immediately north of the new target area (and former property
boundary), was drilled away from the magnetic high and intercepted a broad, near-surface zone of
hydrothermal breccia mineralization that averaged 0.45 g/t gold over 34 m.
About Engineer Mine
The Engineer Mine deposit consists of a series of bonanza grade, gold quartz-carbonate veins occurring
adjacent to a semi-brittle and brittle shear zone splay of the crustal-scale Llewellyn fault. The Engineer
gold veins feature roscoelite mica, a rare mineral associated with some of the largest alkalic epithermal
gold systems worldwide (e.g., the Porgera Gold Mine, Papua New Guinea, and the Emperor Gold Mine,
Fiji). At the Porgera Mine, roscoelite accompanies coarse-grained gold in late veins in an epithermal
system occurring within thinly bedded marine sedimentary rocks (as at Engineer Mine), central to a much
larger and lower grade intrusive stock. The Engineer mineralizing system has very similar characteristics
to the Porgera Mine and has not been explored to any significant lateral or depth extent by modern
methods or drilling.
BCGold has methodically consolidated and advanced the Engineer Mine property since 2007, incurring
more than $4 million in exploration expenditures to date. The initial exploration focus for bulk-tonnage
gold on Shear Zone A was curtailed when it became evident that the mineralizing source area extended on
to mineral claims that the Company did not control.
Prior to acquiring the Blind Creek claims, BCGold shifted its exploration focus on to the near-term, highgrade
gold production opportunity from the Engineer and Double Decker Veins, two of 25 known and
minimally explored gold veins on the property. BCGold is fully permitted to mine and mill on the
property, as the historic mine is situated on patented crown grants. In 2011 the Company demonstrated
the ability to produce a marketable gold concentrate on the property, and subsequent mine dewatering and
panel sampling in 2012 significantly de-risked an opportunity to produce additional gold concentrate from
three high grade mineralized shoots defined on Level 6 and 7 of the mine. The Company continues to
seek a qualified partner to finance this opportunity.
Darren O'Brien, P.Geo., Vice President of Exploration for BCGold and a Qualified Person as defined by
National Instrument 43-101, has reviewed and approved the technical contents of this news release.
About BCGold
BCGold is a Vancouver-based junior resource company focused on copper and gold exploration in underexplored, historic and emerging mining districts in British Columbia and Yukon. The Company acquires
and develops conceptual, early and mid-stage exploration opportunities and advances them towards
resource development. BCGold has generated 27 early to mid-stage gold and copper-gold properties in
British Columbia and Yukon.
BCGold’s primary gold asset is the 100% owned, historic high-grade gold Engineer Mine property, where
the Company has defined a compelling gold concentrate production opportunity through continued
exploration, bulk sampling and on-site milling. The Company has recently consolidated its land position
at Engineer Mine, acquiring key claims believed to partially overlay the source area for the Engineer
Mine gold mineralizing system. The Company’s strategy at Engineer Mine is to focus exploration on an
economic shear-hosted gold deposit and to continue efforts to secure a qualified partner to finance the
gold concentrate production opportunity.
the Company has defined a compelling gold concentrate production opportunity through continued
exploration, bulk sampling and on-site milling. The Company has recently consolidated its land position
at Engineer Mine, acquiring key claims believed to partially overlay the source area for the Engineer
Mine gold mineralizing system. The Company’s strategy at Engineer Mine is to focus exploration on an
economic shear-hosted gold deposit and to continue efforts to secure a qualified partner to finance the
gold concentrate production opportunity.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO
For further information please contact:
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.