BCGold Corp.

BCGold Corp.

November 22, 2007 18:02 ET

BCGold Corp. Intersects Copper-Oxide Horizons at Ice Zone and Initiates I.P. Survey on Carmacks Copper-Gold Properties, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2007) - BCGold Corp. ("BCGold" or "the Company") (TSX VENTURE:BCG) is pleased to announce that 2 copper-oxide horizons have been intersected by diamond drilling on the Company's ICE property, situated 7 kilometres south and along trend with Western Copper Corporation's Carmacks copper-gold deposits, approximately 220 kilometres north of Whitehorse, Yukon (Figure 1).

A total of 1,360 metres was drilled in 7 holes to test for "Carmacks-style" oxide copper-gold mineralization on 2 of BCGold's 17 properties, strategically located throughout the Carmacks Copper-Gold Belt. Assays for 2 holes targeting the recently discovered ICE Zone (BCG News Release August 13, 2007), collared from the same setup have been received on a "rush-basis". Significant results are tabulated below:

BCGold Corp. - 2007 ICE Zone Diamond Drill Hole Results

From To Length Copper Orientation
Hole (m) (m) (m) (%) (dip/Az.)
ICE 07-02 3.25 7.94 4.69 0.46 -65 degrees/
--------------------------------------- 210 degrees
109.83 111.48 1.65 0.21
ICE 07-04 2.78 8.25 5.47 0.39 -75 degrees/
--------------------------------------- 240 degrees
103.82 104.47 0.65 0.26

BCGold is in the final stages of a $1.5 million 2007 exploration program on the Company's Yukon holdings. This program entailed a 3,295 line-kilometre airborne geophysical survey, the collection of greater than 4,500 Mobile Metal Ion (MMI) soil samples from 7 properties, trenching, mapping, sampling and limited diamond drilling. BCGold is currently cutting lines to conduct a 20 line-kilometre Induced Polarization (I.P.) test survey over the North, Central and South Area WS Copper MMI anomalies (Figure 1). Pole-dipole I.P. is a proven method for defining the sulphide "roots" of oxide copper-bearing structures at the Carmacks property to the north. I.P. results will further qualify BCGold's numerous copper MMI anomalies for diamond drill testing in early spring, 2008.

"BCGold is very pleased with exploration results on its Carmacks Copper-Gold properties this year," says Brian P. Fowler, P.Geo., President and C.E.O. of BCGold. "Trenching and diamond drilling results demonstrate that significant Carmacks-style, oxide copper mineralization occurs on the WS and ICE properties. This is further substantiated by our 7 kilometre trend of copper MMI soil anomalies extending southeast from Western Copper Corporation's Carmacks deposits. BCGold is confident that an I.P. survey along this "Carmacks Copper Trend Extension" will define a number of high-quality exploration targets for diamond drill testing in early 2008."

Oxide Copper Mineralization Cut in Drillcore at ICE Zone

Drill hole ICE 07-02 intersected 2 discrete zones of copper-oxide mineralization. The first copper horizon was intersected between 3.25 metres and 7.94 metres (4.69 metres core length). This zone can be described as foliated megacrystic biotite rich granodiorite with 5-10% malachite on fractures and along the foliation. A second 1.65 metre wide copper-oxide horizon was intersected further down-hole between 109.83 metres and 111.48 metres. This zone is characterized by 5% malachite on fractures and along foliation planes. Both of the mineralized zones in Hole ICE-07-02 contain discreet grains of magnetite.

Drill hole ICE 07-04 was drilled from the same setup and flared 30 degrees north of ICE 07-02. Both copper horizons were intersected in drill hole ICE 07-04 as well; the upper zone being 5.47 metres thick (2.78 metres to 8.25 metres) and the lower zone being 0.65 metres thick (103.82 metres to 104.47 metres). The ICE Zone mineralized horizons remain open at depth and along strike. An I.P. survey is on-going to provide better drill hole targeting definition.

Two diamond drill holes (ICE 07-01 and ICE 07-03) were drilled to intersect postulated north-south fault/feeder structures believed to transect ICE Zone. Both holes failed to intersect visible copper-gold mineralization.

ICE Zone Surface Mineralization

This past summer BCGold collected a total of 45 rock samples from 3 trenches excavated intermittently on the ICE zone over an 80 metre strike length. Copper and gold grades ranged up to 1.83% Cu, 0.25 g/t Au and 1.28% Cu, 0.41 g/t Au. 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.

Oxide Copper Mineralization Cut in Drill core in Central Area WS Copper MMI Anomaly

BCGold also drilled 3 holes in the Central Area of the newly defined WS MMI Copper Anomaly, situated along strike and less than 2 kilometres from Western Copper Corporation's No. 12 Zone (Figures 1 and 3). Assay results are pending. Drill hole WS07-07 targeted a greater than 5000 ppb Cu MMI anomaly and intersected a series of weakly mineralized zones of copper-oxide (malachite) mineralization throughout the entire hole length (142 metres) in foliated megacrystic granodiorite with 5-10% malachite on fractures and foliation planes.

Drill holes WS 07-05 and WS 07-06 were collared 520 and 390 metres northward, respectively, of hole WS 07-07 (Figure 3) in the north portion of the Central Area copper MMI anomaly. Both holes failed to intersect any visible copper mineralization. BCGold's Central Area WS MMI Copper Anomaly remains open to the south and has been defined for more than 2 kilometres along what appears to be the southern strike extension of Western Copper Corporation's Carmacks Trend (Figure 1).

Aurum Geological Consultants Inc. is supervising all aspects of BCGold's $1.5 million Carmacks Copper-Gold Belt exploration program. Mr. Al Doherty, P.Geo. has reviewed the technical content of this news release and is the Qualified Person for the purposes of National Instrument 43-101.

Drill core sample preparation and analysis

Drill core from the program was processed and is stored at the project site. Select core boxes containing mineralized intercepts are stored in Whitehorse. Samples were obtained by cutting the drill core in half by diamond saw and submitting half of the core in up to 3-metre intervals to the Whitehorse sample preparation facilities of Eco-Tech Laboratories Ltd. Analyses were completed in Eco Tech's ISO 9001:2000 certified laboratory in Kamloops B.C. for gold by fire assay with an atomic absorption finish ("FA-AA") on a 30 gram split, and for copper by induction coupled plasma emission spectroscopy (ICP-AES) following an aqua regia digestion. Copper values over 1% were assayed by atomic absorption spectroscopy (AAS) following an aqua regia digestion.

Carmacks Copper-Gold Belt Properties and Ownership Agreement

BCGold is the largest landholder in the Carmacks Copper-Gold Belt, holding title to 17 properties encompassing 16,274 hectares strategically located near Sherwood Copper Corporation's Minto Mine and Western Copper Corporation's Carmacks project. The Company'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 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 4 year term.

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.

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.

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