Newsletter Signup

News Releases

2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  

BCGold Corp. Commences Drill Program on Apex East Property, Yukon

pdf read pdf

September 13, 2010 - BCGold Corp. (or the "Company") is pleased to announce the commencement of diamond drilling on the Company's Apex East property, situated immediately north of Capstone Mining Corp.'s Minto Mine in central Yukon. Apex East is one of the Company's 17 (16,985 hectares), one-hundred-percent-owned Minto/Carmacks Copper-Gold properties.

A four-hole, 1,000 metre diamond drill program will test three parallel, coincidental copper (+/- gold) soil geochemical and geophysical anomalies, which measure up to 800 metres in length and width, for near surface, "Minto-type" high-grade copper and gold mineralization. This drill program is approved for a $50,000 Yukon Mining Incentives Program (YMIP) grant from the Yukon government.

Apex East Copper-Gold Targets

In 2009 BCGold Corp. followed up a previous airborne geophysical survey on the Apex East property with a program of mobile metal ion (MMITM) sampling, prospecting, geological mapping and a 15 line kilometre pole-dipole induced polarization (IP) survey. The IP survey targeted four discrete copper +/- gold MMITM anomalies and defined three proximal and continuous north and northwest trending zones of high chargeability and resistivity, which are coincidental with magnetic high features.

The three Apex East coincidental geophysical and geochemical anomalies being tested under the current drill program are similar in size and magnitude to targets routinely drilled, and in some cases mined, for high-grade copper and gold-bearing sulphide mineralization at the nearby (4.5 kilometres along trend to the south) Minto Mine. IP anomaly centres range from near surface to 150 metres deep and all anomaly trends remain open along strike.

Minto/Carmacks Copper-Gold Properties

The Minto/Carmacks Copper-Gold properties are strategically located proximal and adjacent to Capstone Mining Corp.'s Minto Mine and Western Copper Corp.'s Carmacks Copper Project, which is in the advanced permitting stage. The Company is the largest land holder in the Carmacks Copper-Gold Belt

BCGold Corp. has methodically explored the Minto/Carmacks Copper-Gold properties since 2006. The Company's work has resulted in the discovery of seven copper-gold mineralized zones and definition of drill-ready copper-gold targets on seven properties.

BCGold Corp. optioned two of the Minto/Carmacks Copper-Gold properties, Pepper to Goldbard Capital Corp. ("Goldbard") and Toe to Kestrel Gold Corp. ("Kestrel"), earlier this year. Under the respective property option agreements, each company has 2010 exploration work commitments of $350,000.

BCGold Corp. continues to seek exploration partners to earn in and assist in advancing the Minto/Carmacks Copper-Gold property package.

About BCGold Corp.

BCGold Corp. (TSX-V: BCG) 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. Currently, institutional investors hold 29% of the Company's outstanding shares and Kinross Gold Corporation holds 11%.

On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO

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. 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 of future payments, expenditures and unit issuances and the timing and success of future exploration, development and production activities.

For further information, please contact:
Investor Relations
Tel. (604) 646-1589
Fax (604) 642-2411
[email protected]