BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

June 13, 2007 07:57 ET

BCGold Corp. Commences $1.5 Million Exploration Program on Carmacks Copper-Gold Properties, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2007) - BCGold Corp. (TSX VENTURE:BCG) ("BCGold" or "the Company") is pleased to announce it has commenced a $1.5 million exploration program on its Carmacks Copper-Gold Properties in Yukon (Figure 1 - please refer to http://www.bcgoldcorp.com/news_061307.html if not appended to this release). The work program will consist of an airborne geophysical survey, geological and geochemical surveys, a structural targeting survey and a follow-up diamond drill program scheduled to commence in mid-late August.

BCGold is the largest landholder in the Carmacks Copper-Gold Belt and holds title to 17 properties comprising 16,274 hectares, situated proximal and adjacent to Sherwood Copper Corp.'s Minto deposit and Western Copper Corporation's Carmacks (Williams Creek) deposits. BCGold's exploration strategy is focused on the discovery of stand-alone and satellite copper gold deposits to supplement mill feed for the nearby Minto and future Carmacks mining operations.

2007 Exploration Program

Aurum Geological Consultants Inc. out of Whitehorse, Yukon will conduct all the Company's 2007 Yukon field work. Field crews have initiated surface grid installation and commenced soil and MMI geochemical surveys on the WS and Ice claims, south of the Carmacks (Williams Creek) deposit area. Prospector-geologists Anne and Peter Ledwidge of Dawson City, Yukon have been contracted to map and prospect the Company's claim holdings. A portable excavator has been mobilized and trenching is to commence on the Ice claims next week.

In late May of this year Aurum Geological Consultants Inc. conducted a detailed site investigation and sampling program on a new copper-gold occurrence on the Company's Ice claims, south of Western Copper Corporation's Carmacks (William's Creek) deposit. Assay results will be released shortly.

Aeroquest International Ltd. has been commissioned to conduct a 3,295 line-kilometre combined magnetic-radiometric airborne geophysical survey, at a line spacing of 200 metres, over BCGold's Carmacks Copper-Gold Belt land holdings. A previous, wider-spaced government-sponsored survey flown on 500 metre spaced lines failed to detect the Minto deposit, currently being mined by Sherwood Copper Corp. Geophysical modeling suggests a tighter flight pattern incorporating 200 metre spaced lines would detect alteration features associated with a Minto-sized deposit.

SRK Consulting (Canada) Inc. is to integrate 2007 surface geology, geochemical and airborne geophysical results over the Company's Carmacks Copper-Gold Belt properties and conduct a regional structural targeting study. This work will further define copper-gold targets for diamond drill testing. The Company has secured the services of Kluane International Drilling to conduct a minimum of 1,200 metres of diamond drilling to commence in mid-late August.

Carmacks Copper-Gold Belt Exploration Targets

The Minto and Carmacks deposits are structurally controlled, bulk tonnage copper-gold deposits that are currently in the mine development and reserve definition phase, respectively. Sherwood Copper Corp. is scheduled to commence commercial production at Minto in the third Quarter in 2007 and Western Copper Corporation has recently completed a feasibility study on the Carmacks Deposit, where construction is scheduled to commence in early 2008.

BCGold's Carmacks Copper-Gold Properties were staked over areas with geological, geochemical and geophysical characteristics known to reflect near-surface, high grade structurally controlled copper-gold mineralization in the region.

Ownership Agreement

BCGold can acquire a 100% interest in the Carmacks Copper-Gold Properties by making $300,000 in cash payments, incurring a minimum of $900,000 in work expenditures and issuing 1,000,000 Units to Mr. Shawn Ryan of Dawson City, over a four year term.

Corporate Strategy

BCGold Corp. is a resource-based junior mineral exploration 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 strategic joint venture partners.

This news release can be viewed in its entirety on the Company's website at www.bcgoldcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Brian P. Fowler, P.Geo., President and Chief Executive Officer

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

  • BCGold Corp.
    Sacha C. Fernandes
    Manager, Investor Relations
    (604) 646-1581
    or
    BCGold Corp.
    Freeman R. Smith, P.Geo.
    VP of Corporate Development
    (604) 646-1583
    Website: www.bcgoldcorp.com