Newsletter Signup

News Releases

2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  

BCGold Corp. Commences Exploration at Carmacks Copper-Gold Properties, Yukon

pdf read pdf

June 24, 2008 - BCGold Corp. (“BCGold” or the “Company”) is pleased to announce that field crews have commenced work on the Company’s 100% owned Carmacks Copper-Gold Properties, strategically located near Sherwood Copper Corp.’s Minto Mine and Western Copper Corp.’s Carmacks copper-gold deposits in central Yukon.

The initial phase (Phase I) of exploration will include geological mapping, sampling and prospecting in addition to 77 line kilometres of induced polarization (I.P.) surveys on 6 properties and 91 line kilometres of Mobile Metal Ion ™ (M.M.I) surveys on 9 properties. The second phase of exploration will be a diamond drill program scheduled to commence in late August of this year.

Phase I work in BCGold’s “Carmacks Block” (Figure 1) is expected to further delineate extensions of Western Copper Corp.’s Carmacks deposit trend, which was demonstrated (by M.M.I. and I.P. surveys performed by BCGold in 2007) to extend onto BCGold’s adjoining Copper and WS Properties. In the northern “Minto Block” (Figure 2), the Company will conduct additional M.M.I. survey work and carry out 29 line kilometres of gradient-array I.P. surveys on 3 properties, over 4 broad M.M.I. copper anomalies defined by BCGold in 2007.

Aurora Geosciences Ltd. has been contracted to conduct the I.P. surveys on BCGold’s Carmacks Copper-Gold Properties. Mira Geoscience Ltd. is currently performing magnetic inversions to facilitate target definition with data from BCGold’s airborne-magnetic and radiometric survey conducted over the Minto and Carmacks blocks in 2007. Kluane Drilling Ltd. has been commissioned to conduct the upcoming diamond drill program.

Previous Exploration

BCGold conducted a $1.5 million exploration program in 2007 on the Carmacks Copper-Gold Properties. Exploration work included a 3,295 kilometre airborne magnetic and radiometric survey, 7 property-scale M.M.I. surveys (>4,500 samples), geological mapping, prospecting, trenching, reconnaissance I.P. surveys and diamond drilling of 7 holes in 1,360 metres. The Company discovered 4 significant “Carmacks-style” copper-gold mineralized zones on the ICE and WS Properties, and identified a number of additional geophysical and copper geochemical targets as a result of this work.

Gary Lustig, MSc., P.Geo., a qualified person as defined by National Instrument 43-101, is responsible for the technical content of this news release. View PDF

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]