BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

October 05, 2009 09:15 ET

BCGold Corp. Receives Bulk Sampling Report for Engineer Mine Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2009) - BCGold Corp. ("BCGold" or the "Company") (TSX VENTURE:BCG) is pleased to announce it has received a bulk sampling technical report from Snowden Mining Industry Consultants Limited ("Snowden"), for the Company's historic Engineer Mine Property, situated 32 kilometres west of Atlin, British Columbia. Snowden's report provides guidance to the Company in conducting an underground bulk sampling program at the Engineer Mine Property. A bulk sampling program would provide a sound basis for an underground definition drill program, a NI 43-101 compliant Mineral Resource estimate and possibly future trial mining.

The objective of a bulk sampling program is to validate gold grade and its continuity in the Double Decker and Engineer Veins between the 5 and 8 Levels, which are currently flooded and partially mined. Both veins remain open along strike and at depth. It is on the 8th Level, along the Double Decker Vein, that historic sampling records indicate a 24.7 metre section that averaged 38.0 grams per tonne (g/t) gold, containing a 10.0 metre interval that averaged 84.3 g/t gold across the width of the drift (Brinker Report, 1927). Snowden has reviewed all aspects of the program to ensure that it meets the Company's objectives and will conform to leading practice. The review has included:

- Ore mineralogy and gold particle size issues;

- Local geology;

- Metallurgical characterisation;

- All aspects of the bulk sampling programme including; protocols, location, collection

methods, handling, processing and QA/QC; and

- Estimation of sampling error through the application of Gy Sampling Theory.

The principal goals of Snowden's study were to:

- Provide BCGold with practical advice on carrying out the program; and

- Allow BCGold to collect, process and assay samples that can be used to support and verify gold grades and continuity for resource estimation purposes within the framework of NI 43-101.

"This is another important step towards unlocking value at Engineer Mine," states Brian P. Fowler, P.Geo., President and Chief Executive Officer of BCGold. "The Snowden report is an essential compliment to BCGold's exploration approach at the Engineer Mine Property, where the Company is committed to exploring mineralized extensions of the Engineer system and developing an economic mineral resource. Management is now integrating Snowden's report and recommendations into a 2010 Engineer Mine exploration budget proposal."

About Engineer Mine

The historic Engineer Mine was a high-grade gold producer that reached its zenith in the mid-1920s and ceased production in the early 1930's; primarily due to water ingress issues and an overwhelmed and antiquated mine water pumping system. More than 560 kilograms of gold were officially produced at a realized grade exceeding 39 g/t gold from high-grade epithermal quartz-carbonate veins on 5 mine levels. The presence of visible gold was the primary method of identifying and following ore shoots in the veins. All veins remain open at depth and little exploration has been conducted deeper than 200 metres below surface. BCGold recognises that there is excellent potential for additional resources in undiscovered veins as well as deeper and lateral extensions to veins that were mined previously. Significant potential also exists for a bulk tonnage, lower grade gold resource associated with the Shear Zone "A" hydrothermal breccia system, partially drill tested by BCGold in 2008. (See BCGold Corp. News Release dated December 2, 2008).

Engineer Mine currently has no publically reported Mineral Resources or Reserves, but has an "Exploration Target" of between 100,000 tonnes to 150,000 tonnes of potential ore at a grade of 8 g/t gold to 12 g/t gold for between 26,000 ounces to 57,000 ounces gold. This estimate is conceptual in nature, is non NI 43-101 compliant and based on a 3-D VulcanTM model developed by BCGold that incorporates historic geological maps and sections, chip samples and production records. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in this Exploration Target being delineated as a mineral resource.

BCGold is in possession of a permit, issued by the British Columbia Ministry of Environment on April 23, 2008, which entitles the Company to de-water Engineer Mine up to April 15, 2010. (See BCGold Corp. News Release dated May 5, 2009) An application has been made to extend this date by a period of 1 year.

The technical contents of this release have been reviewed by Dr. Simon C. Dominy, FAusIMM (CP) FGS (CGeol) MIMMM (CEng), Executive Consultant and General Manager (UK) for Snowden, principle author of the Snowden Technical report and a Qualified Person pursuant to NI 43-101.

About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company focused on copper and gold exploration in under-explored mining and exploration districts in British Columbia and Yukon. BCGold 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.

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 mineral potential and planned 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, realized mineralization of properties and the timing and success of future exploration, development and production activities.

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.

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