BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

June 14, 2007 07:57 ET

BCGold Corp. Confirms "Carmacks-Style" Copper-Gold Oxide Discovery on Ice Property, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2007) - BCGold Corp. ("BCGold" or "the Company") (TSX VENTURE:BCG) is pleased to announce recent sampling by Aurum Geological Consultants Inc. has confirmed significant "Carmacks-style" copper oxide and gold mineralization (the ICE Zone) occurs on the Company's ICE claims, situated seven kilometers southward of Western Copper Corporation's Carmacks (Williams Creek) deposits and property, 220 kilometres north of Whitehorse, Yukon (Figure 1 and Figure 2; please refer to http://www.bcgoldcorp.com/news_061407.html if not appended to this release).

Six rock samples with grades up to 1.83% Cu, 0.25 g/t Au and 1.28% Cu, 0.41 g/t Au were collected from a series of granitic outcrops over a partially exposed strike length of 80 metres. The granitic rock displays discrete zones of weak to moderate foliation dipping 25-30 degrees to the northeast, locally containing significant amounts of oxide copper mineralization in the form of malachite and secondary biotite (potassic) alteration. Assay results are presented in Table 1 below:

Table 1: Ice Zone Rock Sample Assay Results



Sample Sample Length Cu Au
No. Type (metres) % (g/t)
-----------------------------------------
-----------------------------------------
E78901 chip 1.00 0.50 0.07
E78902 chip 0.75 0.28 0.03
E78903 grab n/a 1.83 0.25
E78904 grab n/a 1.14 0.09
E78905 chip 0.78 0.71 0.09
E78906 grab n/a 1.28 0.41


Ice Zone copper-gold mineralization occurs along the eastern flank of a bulls-eye magnetic high signature, measuring roughly 1,000 metres by 700 metres in size. Highly anomalous copper-in-soil samples, with values ranging from 281 to 935 ppm Cu have been recorded 300 metres westward of the Ice Zone rock samples, along the northwest margin of this same magnetic anomaly.

BCGold is the largest landholder in the Carmacks Copper-Gold Belt, holding title to 17 mineral properties (16,274 hectares) strategically located proximal and adjacent to Sherwood Copper Corp.'s Minto and Western Copper Corporation's Carmacks copper-gold deposits. "Ice Zone validates BCGold's belief that the Carmacks Copper-Gold Belt is highly prospective for additional "Minto and Carmacks-style" mineralization, stand-alone and satellite copper-gold deposits," states Brian P. Fowler, P.Geo., President and CEO of BCGold. "Any significant high-grade copper sulphide or oxide discovery within BCGold's Carmacks property portfolio could be mined and processed nearby at either Sherwood Copper's conventional milling operation at Minto or Western Copper Corporation's proposed SX-EW copper-leach facility at Carmacks."

BCGold is following-up Ice Zone results and advancing other copper-gold exploration targets by means of a recently announced $1.5 million exploration program on the Company's Carmacks Copper-Gold Belt properties. The 2007 exploration program will entail 3,295 line-kilometres of airborne geophysics, geological mapping, prospecting, grid-scale soil geochemical and MMI surveys, trenching, regional structural analysis and diamond drilling. Work is being conducted by Aurum Geological Consultants Inc. out of Whitehorse, Yukon.

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 3rd Quarter in 2007 and Western Copper Corporation has recently completed a feasibility study on the Carmacks (Williams Creek) Deposit, where construction is scheduled to commence in early 2008.

Economic ore deposits in the region, as at Minto and in general terms, occur as a series of stacked, shallow dipping and near-surface foliation controlled copper sulphide horizons (chalcopyrite, bornite) within close proximity to magnetic features and pronounced potassic (biotite) alteration. Copper mineralization at the Carmacks (Williams Creek) deposit, 45 km to the south occurs as similar discrete, but steeply dipping structures which have been extensively oxidized to depth. Typical economic grade and tonnages for this deposit style in the region is in the 1.0 - 2.0% Cu, 0.3 - 0.8 g/t Au and 8 - 10 million tonne range.

BCGold's exploration focus in the Carmacks Copper-Gold Belt is directed towards the discovery of stand-alone and satellite copper gold deposits to supplement mill feed for the nearby Minto and future Carmacks mining operations.

BCGold's Carmacks Copper-Gold Belt Properties

BCGold is the largest landholder in the Carmacks Copper-Gold Belt, holding title to 17 mineral properties (16,274 hectares) strategically located proximal and adjacent to Sherwood Copper Corp.'s Minto and Western Copper Corporation's Carmacks copper-gold deposits.

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 over a four year term 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.

Sample QA/QC

Rock samples were sent to Eco-Tech Laboratories of Kamloops, B.C., an accredited assay laboratory for sample preparation and assaying. Copper assays utilize aqua regia sample decomposition of a 0.5 to 2.0 gm sample with analysis by Atomic Absorption spectrometry. Gold assays utilize a fire assay fusion sample decomposition of a 30 gram charge with analysis by Atomic Absorption spectrometry. Mr. Al Doherty, P.Geo., of Aurum Geological Consultants Inc., supervised the sampling and is the Qualified Person as defined under National Instrument 43-101.

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 preferred 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