Newsletter Signup

News Releases

2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  

BCGold Corp. Defines Minto Copper-Gold Trend on Apex East Property, Yukon

pdf read pdf

February 16, 2010 - BCGold Corp. (the "Company") is pleased to announce that recent exploration work has defined what the Company believes to be the north extension of the high-grade copper-gold Minto trend on the Company's Apex East property, situated immediately north of Capstone Mining Corp.'s Minto mine in central Yukon. Three parallel copper +/- gold trends, individually measuring up to 800 metres in length and width, have been defined by recent soil geochemical and geophysical surveys. A 6-hole, 1,500 metre diamond drill program has been recommended to test these trends for "Minto-type", high-grade copper and gold mineralization at depth. Maps and images of the BCGold Corp.'s Apex East Property survey results and mineralized trends can be viewed here (pdf document) or at the Company's website.

Apex East Copper-Gold Targets

In 2009, BCGold Corp. followed up a previous airborne geophysical survey, prospecting and mobile metal ion (MMITM) survey on the Apex East property with additional MMITM sampling, geological mapping, line cutting and a 15 line kilometre pole-dipole induced polarization (I.P.) survey. The I.P. survey targeted 4 discrete copper +/- gold MMITM anomalies and defined 3 proximal and continuous north and northwest trending zones of high chargeability and resistivity, coincidental with magnetic high features.

The 3 Apex coincidental geophysical and geochemical anomalies 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 Minto mine, 4.5 kilometres along trend to the south. I.P. anomaly centres range from near surface to 150 metres deep, and all anomaly trends remain open along strike.

The Company intends to drill-test the Apex copper-gold targets in 2010, subject to financing. This drill program qualifies for a Yukon Mining Incentives Program (YMIP) grant and BCGold Corp. is applying for the maximum allowable amount of $50,000 to perform this work in 2010.

Minto / Carmacks Copper-Gold Properties

BCGold Corp. is the largest land holder in the Carmacks Copper-Gold Belt, holding title to 17 mineral properties (17,125 hectares) strategically located proximal and adjacent to Capstone Mining Corp.'s currently producing Minto Mine and Western Copper's recently permitted Carmacks Copper Project. The Company has been methodically exploring the Minto/Carmacks Copper-Gold Properties since 2006, having incurred in excess of $3.5 million in exploration expenditures to date. BCGold Corp. has discovered 7 copper-gold mineralized zones to date and has defined drill-ready copper-gold targets on 7 properties. BCGold Corp. is seeking a senior partner to earn in and assist in advancing the Minto/Carmacks Copper-Gold Properties package.

The technical contents of this release have been reviewed by Mr. Gary N. Lustig, MSc, P.Geo., a Qualified Person for the purposes of National Instrument 43-101.

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]