BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

August 13, 2007 08:30 ET

BCGold Corp. Completes Phase I of $1.5M Exploration Program on Carmacks Copper-Gold Properties, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2007) - BCGold Corp. ("BCGold" or "the Company") (TSX VENTURE:BCG) is pleased to announce completion of Phase I on its $1.5M exploration program in the Carmacks Copper-Gold Belt, located approximately 220 kilometres north of Whitehorse, Yukon. A 1,500 metre Phase II diamond drill program will commence in late August once Phase I results have been received and drill targets have been more clearly defined. Kluane Drilling Ltd. of Whitehorse, Yukon has been contracted to conduct this drill program.

BCGold Corp. employed a broad spectrum of exploration techniques in Phase I, including prospecting; geological mapping & sampling; grid installation; soil geochemical & Mobile Metal Ion (MMI) sampling; trenching and a combined airborne magnetic & radiometric survey over BCGold's claim holdings. Aurum Geological Consultants Inc. supervised all work completed in Phase I.

BCGold is the largest landholder in the Carmacks Copper-Gold Belt, holding title to 17 properties encompassing 16,274 hectares strategically located near the mineral deposits found at Sherwood Copper Corporation's Minto project and Western Copper Corporation's Carmacks project.

BCGold's Carmacks Copper-Gold Belt properties were staked over areas with geological, geochemical and geophysical characteristics known to reflect near surface, high-grade structurally controlled Cu-Au mineralization in the region. The Company's exploration focus in the Carmacks Copper-Gold Belt is directed towards the discovery of stand-alone and satellite Cu-Au deposits to supplement mill feed for the nearby Minto and future Carmacks mining operations.

Airborne Geophysical Program Completed

Aeroquest Ltd. completed a 3,295 line kilometre combined airborne magnetometer and radiometric survey on July 19, 2007 over the Carmacks Copper-Gold Belt on behalf of BCGold (Figure 1). This high-resolution survey was flown at a 200-metre line spacing (less than half of the spacing of the existing government geophysical data) and is expected to greatly improve BCGold's ability to model and target additional "Minto-style and Carmacks-style" Cu-Au mineralization in the Belt. Data processing and interpretation are underway.

Soil Geochemical and Mobile Metal Ion (MMI) Survey Completed on Seven Properties

In early July 2007, Field crews completed surface grid installation and conducted soil sample surveys on four BCGold properties north of the Minto Mine, and three properties occupying the strike extensions of the Carmacks (Williams Creek) deposit to the south (Figure 1). Soil geochemical and MMI surveys were completed over known Cu-Au occurrences and magnetic highs, including BCGold's recently discovered ICE Zone (BCGold News Release - June 14, 2007).

A total of 4,005 samples were sent to SGS Mineral Services in Lakefield, Ontario for MMI-M5 analysis. In addition, 279 soil samples were sent to Acme Labs in Vancouver, BC for multi-element analysis (28-element ICP-MS). Analytical results, data validation and interpretation are ongoing as results are processed and returned to BCGold Corp.

ICE Zone Trenching Program

Phase I exploration also included a trenching, mapping and sampling program over the recently discovered ICE Zone, situated 7 kilometres south of the Carmacks (Williams Creek) deposit. A total of 39 samples (plus QA/QC samples) were sent to Eco Tech Labs in Kamloops, BC for multi-element analysis (28 element ICP-MS) plus fire assay for Cu-Au. The results of the detailed mapping and sampling are currently being compiled.

Regional Prospecting Program Identifies New Cu-Au Target

Aurum Geological Consultants Inc. conducted a regional prospecting program over BCGold Corp.'s holdings in the Carmacks Copper-Gold Belt. Highlights from this work include grab sample 78855 (0.94% Cu, 0.26 g/t Au) taken from a weakly foliated, biotite altered granodiorite subcrop locally hosting up to 15% deep green malachite mineralization. This subcrop is coincident with a linear magnetic anomaly found 1.7 kilometres along strike from Western Copper Corporation's No. 12 Zone along the Carmacks Cu deposit trend (Figure 2). A total of 27 samples from the regional prospecting program were sent to Eco Tech Labs in Kamloops, BC for multi-element analysis (28 element ICP-MS) plus fire assay for Cu-Au.

Ownership Agreement

BCGold will acquire a 100% interest in the Carmacks Copper-Gold Belt properties by making $300,000CAD in cash payments, incurring a minimum of $900,000CAD in work expenditures and issuing 1,000,000 Units to a private individual over a four-year term.

About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company focused on the exploration of underdeveloped precious and base metal resources in historical mining districts located primarily within British Columbia and Yukon. BCGold acquires early and mid-stage exploration properties with the goal of advancing the projects towards resource development, and capitalizes on internal expertise to liaison with potential joint venture partners.

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.

To view Figures 1 and 2 please click on the following link: http://www.ccnmatthews.com/docs/BCG0813.pdf

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

Contact Information