BCGold Corp.

BCGold Corp.

November 06, 2007 08:00 ET

BCGold Corp. Intersects Significant Porphyry Copper-Gold Mineralization on Sickle-Sofia Property, Toodoggone District-Northern B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2007) - BCGold Corp. (TSX VENTURE:BCG) ("BCGold" or "the Company") is pleased to announce that significant porphyry-style copper-gold mineralization has been intersected by diamond drilling on the Company's Sickle-Sofia property, situated 40 kilometres north of the Kemess South Mine in the Toodoggone River region of north-central British Columbia. The Company can earn up to a 75% interest in the property from Stealth Minerals Limited.

A total of 1,514 metres in 5 holes were drilled to test the core and fringe areas of a 5.5 square kilometre Induced Polarization (I.P.) geophysical anomaly and peripheral copper-gold-molybdenum soil anomalies (To view Figure 1 accompanying this press release please click on the following link: Assays for 2 holes have been received on a "rush" basis. Drillhole BCG-07-01 was collared on the Sofia showing, just off the northeastern edge of the I.P. anomaly and intersected 47.0 metres averaging 0.13% copper and 0.08 g/t gold between 271.0 - 318.0 metres. Porphyry copper-gold mineralization and alteration occurs throughout the entire core interval of 318.3 metres. The more significant drill results are tabulated below:

Significant Drillhole Intercepts - BCG07-01 and BCG07-03
Copper Equiv.
From To Length Copper Gold Equiv. (ii) Orientation
Hole (m) (m) (m) (%) (g/t) (i)(%) (g/t) (dip/Az.)
11.0 13.1 2.1 0.18 0.15 0.27 0.46
69.0 71.0 2.0 0.28 0.12 0.35 0.60
119.0 129.0 10.0 0.22 0.16 0.31 0.54
139.0 142.0 3.0 0.24 0.22 0.37 0.63
190.0 192.0 2.0 0.13 0.31 0.31 0.53
BCG0701 271.0 318.0 47.0 0.13 0.08 0.18 0.30 -75 degrees/
Incl. 160 degrees
273.0 283.0 10.0 0.20 0.06 0.24 0.40
290.0 294.0 4.0 0.18 0.12 0.25 0.43
302.0 312.0 10.0 0.15 0.16 0.24 0.42
0 42 42.0 less than 10% Core Recovery
42.0 57.0 8.0 0.06 0.29 0.23 0.39 -50 degrees/
BCG0703 77.0 121.0 44.0 0.06 0.17 0.16 0.27 30 degrees
238.0 258.0 20.0 0.08 0.43 0.33 0.57
Copper equals $US1.50, Gold equals $US600;
CuEq(i)equals Cu+(Au x (19.29/33.06))
AuEq(ii) equals Au+(Cu x (33.06/19.29))
(Metallurgical recoveries not considered)

Drillhole BCG07-03 was collared on the southwest edge of the same I.P. anomaly, 2.6 kilometres south of BCG07-01, testing a broad copper-gold soil geochemical anomaly associated with the Alexandra highsulphidation epithermal gold showing. The drillhole intersected a porphyry-related leached cap succession within Toodoggone volcanics for the entire 259.15 metres drilled. Drill core recovery was less than 10% in the top 50 metres of the hole due to the highly fractured nature of the volcanic rock and extensive leaching of the gypsum / anhydrite fracture filling. The entire core interval contains low-grade copper-gold mineralization within an intensely anhydrite-altered volcanic rock, which had the highest grade at the end of the end of the interval. This suggests that this high-sulphidation style of alteration may be caused by the presence of a large-scale underlying hydrothermal system, which could be genetically related to the monzonite porphyry intrusive discovered in drillhole BCG07-01 and present at the mineralized Sofia outcrop 2,600 metres to the north. Significant intercepts include 44.0 metres averaging 0.06% copper and 0.17 g/t gold from 77.0 metres to 121.0 metres and 20.0 metres averaging 0.08% copper and 0.43 g/t gold from 238.0 metres to 258.0 metres. Photographs of select drill core from BCG07-01 and the project area are available on the Company's website at

"BCGold is extremely pleased with this summer's exploration program," cites Brian P. Fowler, P.Geo., President and CEO of BCGold. "These are phenomenal results for a reconnaissance-style, 5 drillhole program on such a large target. Much of the Sofia I.P. target remains unexplored given an average drillhole spacing of 1 hole per 1 square kilometre. The Sofia and Alexandra discovery holes clearly indicate that the Sickle-Sofia property has potential for hosting significant porphyry copper-gold and epithermal gold mineralization. We are very keen to compile results and resume exploration and drilling early next year."

2007 Exploration Program

In 2007 BCGold completed 36 line-kilometres of induced polarization (I.P.) geophysical survey on the Sickle-Sofia property to close off a 2.5 kilometre long chargeability high delineated by a previous survey. Subsequently, the I.P. anomaly was increased in size to greater than 5.5 square kilometres and is still open to the northeast and southwest. The Company drilled 5 holes in 1,514 metres targeting the core and fringe areas of the I.P. anomaly.

BCGold's exploration program was supervised by Ms. April Barrios, GIT and technical support was provided by Dr. Ken Dawson, PhD, P.Geo. Mr. Gary Lustig, P.Geo. is the Qualified Person for the purposes of National Instrument 43-101 and has reviewed the technical content of this news release.

Drill core from the program was processed and is stored at the project site. Samples were obtained by cutting the drill core in half by diamond saw and submitting 1/2 of the core in up to2-metre intervals to Eco-Tech Laboratories Ltd. in Kamloops B.C., an ISO 9001:2000 certified laboratory, for preparation and assay analysis. Samples were analyzed for gold by fire assay with an atomic absorption finish ("FAAA") on a 30 gram split, and for copper by atomic absorption spectrometry following an aqua regia digestion. Additional analyses included a 28 element package of major and trace elements by ICP Analysis.

About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company focused on base and precious metal exploration in under-explored historic mining and exploration districts in British Columbia and Yukon. BCGold acquires and advances conceptual, early and mid-stage, quality exploration opportunities towards resource development utilizing internal expertise and by engaging preferred joint venture partners.

Additional Technical and Property Information

Sofia Zone Drilling

Drillhole BCG-07-01 was drilled at an azimuth of 160 degrees and dip of -75 degrees to a depth of 318.3 metres. The drillhole was collared in chlorite-epidote-carbonate altered (Takla Group) feldspar porphyry basalt. Chalcopyrite mineralization was observed to occur in 0.5-1 cm wide banded quartz-magnetite veins and along epidote + carbonate filled fractures. At 13.1 metres the volcanics give way to a variably potassic and phyllic altered crowded feldspar porphyry monzonite intrusion that continues to a depth of 271.5 metres.

The monzonite porphyry is buff/pink-green in color depending upon alteration style. Staining shows the buff-pink color is potassium feldspar that occurs with sericite altered plagioclase phenocrysts (phyllic alteration). Moderate-to-strong propylitic alteration occurs in green coloured zones with chlorite + sericite + carbonate +/-epidote. Porphyry-style copper-gold mineralization occurs as coarse chalcopyrite clots in 1.5-2cm wide anhydrite veins at low angles to the core axis and as finely disseminated chalcopyrite in chlorite filled fractures.

The footwall to this monzonite porphyry consists of bladed feldspar porphyry basalt with coarse feldspar phenocrysts up to 1cm. This interval is moderate-strongly magnetic in zones of weaker alteration with magnetite destructive zones in areas of pervasive propylitic alteration. Pyrite + chalcopyrite occur disseminated in micro-fractures and as clots in anhydrite + quartz veins.

Alexandra Zone Drilling

Drillhole BCG07-03 was collared on the Alexandra showing and drilled to a depth of 259.15 metres at minus 50 degrees on an azimuth of 030 degrees. The entire hole consists of a porphyry-related leached cap succession in Toodoggone feldspar crystal tuff and flows. Drill core recovery was very poor in the top 50.0 metres of the hole due to the highly fractured nature of the volcanic rock and extensive leaching of gypsum fracture filling. This interval is also strongly oxidized with trace amounts of fine disseminated pyrite.

From 50.0 to 59.0 metres the core becomes more silicified with selective white clay (kaolin) alteration of feldspar phenocrysts. A 44.0 metre interval from 77.0 -121.0 metres averaged 0.06% Cu and 0.17g/t Au. This was the first appearance of a bluish-black mineral (manganese?) coated, fine to medium grained disseminated and fracture-fill pyrite. Intermediate argillic alteration (kaolin + sericite + chlorite) is prevalent throughout this interval with propylitic (chlorite + epidote + anhydrite) alteration in last 5 metres. A 2.0 metre interval from 105.0 to 107.0 metres assayed 0.12% Cu and 0.26 g/t Au. Weakly hornfelsed volcanics are first observed at 207 metres, with thermal metamorphic grade gradually increasing towards the bottom of the hole. The bottom 20.0 metre interval from 238.0 to 258.0 metres assayed 0.43 g/t Au and 0.08% Cu.

Other BCGold 2007 Drillholes

Drillholes BCG07-02, 04 and 05 targeted the centre, southern and northern edges of the Sofia I.P. anomaly respectively (Figure 1). All holes intersected primarily pyritic and propylitic altered Takla volcanics with little in the way of visible copper mineralization. Copper and gold assay results are pending and not expected for another 4 weeks.

The Sickle-Sofia Property

The Sickle-Sofia Property is situated in the Toodoggone District, a mineral exploration district renowned for a number of intrusion-related, high-grade, low-sulphidation epithermal gold and silver deposits and former producers (Shasta, Baker, Lawyers), the Albert's Hump high-sulphidation gold mine (Thesis and BV open pits) and the Ranch gold - silver deposit, the Kemess South copper-gold porphyry mine and the Kemess North, Brenda and Pine copper-gold deposits. In addition to the Sofia porphyry copper-gold target, a total of 8 mineralized epithermal gold showings and corresponding gold-in-rock and soil anomalies have been identified on the Sickle-Sofia property. Prior to this year's drill program, only two gold targets, the Quartz Lake vein system and the Griz vein have been drill tested in this area.

The Sickle-Sofia property consists of 25 contiguous mineral claims covering 9,077 hectares. Exploration work is being conducted out of Stealth Mineral's base camp at the junction of the Finlay and Firesteel Rivers. The camp is accessible by way of the all-weather Omineca Resource Road, 410 kilometres north of Windy Point, BC to the Kemess Mine turn-off and then approximately 22 kilometres northwest on summer access road.

Toodoggone Properties Ownership Agreement

BCGold has an option to earn a 51% interest in the Sickle-Sofia, FogMess and Louis properties from Stealth Minerals Limited by spending $1 million on each property over a three year period and a 60% interest by spending $2 million on each property over a four year period. BCGold's interest in any of the three properties can be increased to 75% by producing a bankable feasibility study. In addition, BCGold issued 150,000 common shares and 75,000 common share purchase warrants to Stealth for each property. BCGold also subscribed for an aggregate of 2,500,000 common shares of Stealth at a price of $0.20 per share.

On behalf of the Board of Directors,

Brian P. Fowler, P. Geo., President & CEO

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future payments, expenditures and unit issuances 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information