Newsletter Signup

News Releases

2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  

BCGold Corp. Defines More Copper-Gold Drill Targets at Minto / Carmacks Properties

pdf read pdf

January 25, 2010 - BCGold Corp. ("BCGold" or the "Company") is pleased to announce that all geological and geophysical data and reports have now been received for the Company's 2009 exploration programs on the Minto/Carmacks Copper-Gold Properties, situated in central Yukon. BCGold is now integrating results and recommendations from a recently received induced polarization ("I.P.") geophysical report from Aurora Geosciences Ltd. ("Aurora") together with geological, geophysical and geochemical data and interpretations already in hand.

BCGold conducted 3-I.P. surveys in late 2009 on the Apex East, WS and ICE properties near the Minto mine and the Carmacks Copper Project. A number of "Minto-type" and "porphyry-type," coincidental copper in soil geochemical, magnetic and I.P. anomalies have been defined. Drill testing has been recommended by Aurora on 2 of these properties.

BCGold is formulating plans to drill-test a number of copper-gold targets on the Minto/Carmacks Copper-Gold Properties in 2010. Drilling costs are expected to be at least 60% less than previous years' drilling, primarily for 2 reasons. Firstly, helicopter-supported drilling in the southern Carmacks Block of properties is no longer a requirement, as the Company can now employ a skid-mounted drill and utilize a network of roads re-opened in 2009. Secondly, the Company is exploring the merits and practicality of utilizing a skid-mounted, rotary air blast drill for first pass anomaly drill testing. This type of exploration drilling proved very successful and cost effective at the adjacent Carmacks Copper Project in 2006. Direct rotary air blast drill costs are 1/3 of conventional core drilling costs. The net result could be the ability for the Company to drill-test at least 3 times as many anomalies in the Carmacks Block as previous, for any given drill budget.

2009 Minto / Carmacks Properties Exploration Programs

BCGold spent approximately $700,000 in exploration on 7 of the Company's 17 Minto/Carmacks Copper-Gold Properties in 2009. This exploration expenditure is expected to be offset by approximately $100,000 through Yukon Mineral Incentive Program (YMIP) exploration grants awarded to BCGold earlier in 2009. Exploration work in 2009 included a combination of detailed geological mapping, prospecting, trenching, road building, sampling and I.P. surveys on 5 properties immediately north of the Minto mine and 2 properties immediately south of Western Copper Corp.'s Carmacks Copper Project, 42 km to the south.

Minto / Carmacks Copper-Gold Properties

BCGold Corp. has an option earn 100% interest in 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 $3.2 million in exploration expenditures to date. BCGold has discovered 7 copper-gold mineralized zones to date, including a 63.1 metre drill hole intercept from the WS property averaging 0.17% Cu (including 23.6 meters averaging 0.34% Cu).

The technical contents of this release have been reviewed by Mr. Franz Dziuba, P. Geoph., 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]