Newsletter Signup

News Releases

2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  

BCGold Corp. and Western Copper Corp. to Conduct Orientation Survey Over Carmacks Deposits, Yukon

pdf read pdf

August 12, 2008 - BCGold Corp. (“BCGold” or the “Company”) is pleased to announce that it has made an agreement with Western Copper Corp. (“Western Copper”) whereby it will conduct an orientation Mobile Metal Ion (MMITM) soil geochemical survey over portions of Western Copper’s Carmacks copper-gold deposits, situated 192 kilometres north of Whitehorse, Yukon. BCGold holds title to 10 mineral properties (13,500 hectares) situated proximal and adjacent to Western Copper’s Carmacks deposits (Figure 1), which are currently in the mine permitting stage. Western Copper and BCGold will exchange certain technical data to enhance the interpretation of the results of MMITM surveys conducted on each of the companies’ properties.

Western Copper will provide BCGold with geological, diamond drilling, geochemical and induced polarization (I.P.) geophysical results and interpretations for 3 transects across its Carmacks copper-gold deposits. BCGold will then collect a series of MMITM soil samples along those 3 transects and provide Western Copper with a technical report documenting the results and interpretations of the MMITM soil sampling conducted. BCGold will also provide Western Copper with MMI TM survey results from surveys previously conducted over BCGold’s adjoining properties which lie south of Western Copper’s Carmacks copper-gold deposits.

The principle objective of the orientation MMITM survey is to determine the nature and extent of the multi-element MMITM soil geochemical zonation patterns associated with Western Copper’s “Carmacks-style” copper oxide and sulphide mineral deposits. This information will then be used by the Company to calibrate previous and future MMITM surveys in order to target similar copper-gold deposits on its properties.

“BCGold is very pleased that Western Copper Corp. has agreed to participate in this data exchange and joint orientation MMITM survey”, states Brian P. Fowler, P.Geo., President and Chief Executive Officer of BCGold. “This is a �win-win’ arrangement for both companies. The results of this survey will allow us to quickly screen and rank our MMITM and I.P. anomalies for diamond drill testing and greatly increase our chances of discovering more copper deposits in the district.”

Carmacks Copper-Gold Belt
BCGold is the largest landholder in the Carmacks Copper-Gold Belt, holding title to 17 properties strategically located proximal and adjacent to Sherwood Copper Corp.’s Minto mine, which commenced commercial production on October 1, 2007, and Western Copper’s Carmacks Copper Project, located 52 kilometres to the south. On July 21, 2008, Western Copper announced the completion of the first permitting step for its Carmacks Copper Project with the release of the Yukon Environmental and Socio-economic Assessment Board (YESAB) Final Screening Report and Recommendation. The Carmacks Copper Project has an NI 43-101 compliant measured and indicated oxide resource estimate of 12 million tonnes containing 280 million pounds of copper, 176,100 ounces of gold and 1.8 million ounces of silver; and a sulphide resource estimate of 4.3 million tonnes containing 71.7 million pounds of copper, 30,400 ounces of gold and 325,400 ounces of silver. The Carmacks Copper Project is currently planned as an open pit operation using solvent extraction/electrowinning technology (SX/EW).

BCGold’s 2008 Exploration Program
Phase I of BCGold’s recently announced 2008 exploration program (see BCGold press release June 24, 2008) is well under way. Exploration work has included geological mapping, sampling and prospecting, geophysical magnetic data inversions, 77 line kilometres of I.P. surveys on 6 properties and 91 line kilometres of MMITM surveys on 9 properties (Figure 1). Phase I exploration results will be compiled and integrated to define diamond drill targets scheduled for drill testing in late August of this year.

Previous Exploration
BCGold conducted a $1.5 million exploration program in 2007 on its Carmacks Copper-Gold Properties. Exploration work included a 3,295 kilometre airborne magnetic and radiometric survey, 7 property-scale MMITM 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.

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:
Lara Cubitt
Manager, Corporate Communications
Tel. (604) 646-1599
Fax (604) 642-2411
[email protected]