BCGold Corp fka BCG

[Diogenes of Sinope]

BCGold Corp. Reports Bulk Sample Concentrate Grades up to 6,485.8 g/t Gold (189.2 Oz/Ton) from Engineer Gold Mine




1 hour ago - ACQUIREMEDIA
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2011) - BCGold Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) (or the "Company") is pleased to report partial assay results from its 2011 bulk sampling and test milling program at the Engineer Gold Mine in northwestern British Columbia. The Company has received assay results for 815 kg of Table Concentrate (reported below in Table 1) that was produced while test milling six composite bulk samples mined from remnant portions of the Engineer and Double Decker Veins above 5-Level, in some cases outside and adjacent to the currently stated mineral resource. This material was previously categorized as waste material by conventional chip sampling and drilling.

Gold was recovered in up to three separate concentrates from the on-site mill's recovery circuit for each of the six bulk samples. The Company awaits assay results for approximately 190 kg of Sluice Concentrate and approximately 5 kg of High-Grade Gold Stream Concentrate in order to estimate diluted mining head grades for each bulk sample. These results are expected in January 2012.

Gold assay highlights from Engineer Vein Table Concentrate include the following:


-- Bulk Sample 505-3B assayed 6,485.8 g/t Au (189.2 oz/t).

-- Bulk Sample 505-3A assayed 1,324.1 g/t Au (38.6 oz/t).

-- Bulk Sample 505-5 assayed 1,382.2 g/t Au (40.3 oz/t).

Table 1 - Engineer Mine 2011 Bulk Sample Table Concentrate Gold and Silver
Grades(i)
----------------------------------------------------------------------------
Concentrate Table Concentrate Grade
Tonnes Produced ------------------------------------------
Bulk Sample Milled (dry kg) Gold g/t Gold oz/t Silver g/t Silver oz/t
----------------------------------------------------------------------------
DD Trench 9.4 15.5 379.3 11.1 244.6 7.1
----------------------------------------------------------------------------
505-2 40.7 167.5 204.8 6.0 231.4 6.7
----------------------------------------------------------------------------
505-3A 35.5 172.3 1,324.1 38.6 607.7 17.7
----------------------------------------------------------------------------
505-3B 68.9 173.5 6,485.8 189.2 934.8 27.3
----------------------------------------------------------------------------
505-5 69.7 228.1 1,382.2 40.3 826.7 24.1
----------------------------------------------------------------------------
505-6 21.9 58.7 621.2 18.1 414.4 12.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total 246.1 815.6(i) - - - -
----------------------------------------------------------------------------

(i) Table Concentrate is a product of the finishing shaker table of a mill's
recovery circuit, where approximately 2% of the total rock mass is upgraded
to a potentially marketable product. Table Concentrate is the largest by
volume of the three concentrates collected by BCGold Corp. (Table, Sluice,
and High-Grade Gold Stream) and is most-likely the lowest grade. By itself
the Table Concentrate underestimates the contained amount of gold in the in-
situ bulk sample and the grades from the other two gold concentrates are
required to properly back calculate in-situ grades.

"We are very pleased with these preliminary bulk sample results from Engineer Mine," states Brian P. Fowler, P.Geo., President and CEO of BCGold Corp. "The results clearly indicate that substantial gold occurs in portions of the Engineer and Double Decker Veins where conventional, smaller samples obtained by drilling or chip sampling can grossly underestimate gold content. Management anticipates that remaining concentrate assay results and resultant diluted mining head grade calculations will more than justify additional exploration, mine de-watering, test mining and milling in 2012."

Pending Sluice Concentrate Assays

As part of the test milling process, a sluice tray was inserted into the milling circuit to capture the coarse gold fraction from the ball mill slurry prior to either being rejected by the 30 mesh screen deck or being pumped to the triple deck Deister tables. Approximately 190 kg (wet) of Sluice Concentrate was collected while processing the six bulk samples. The Sluice Concentrate is being processed by the Metallurgical Division of Inspectorate Exploration and Mining Services Ltd. ("Inspectorate"). A decision to either upgrade the Sluice Concentrate to a dore bar or sell to a smelter along with the Table Concentrate will be made once assay results have been received.

Pending High-Grade Gold Stream Concentrate Assays

Approximately 5 kg of High-Grade Gold Stream was cut into a separate concentrate while processing bulk sample 505-3B over the finishing shaker table. A 2 to 5 cm wide gold stream was observed and collected at the finishing table while processing this sample. The 5 kg sample has been shipped to the Metallurgical Division of Inspectorate to be processed into a gold-silver dore bar. A report of the final weight and bullion fineness of the dore bar is expected in January 2012.

Wire Gold Specimens

In addition to gold recovered from the gravity separation mill as concentrate, approximately 14 kg of high-grade roscoelite with greater than 5% "wire" gold were recovered while mining bulk sample 505-5. These samples were collected prior to being crushed at the mill and management believes their value as mineral specimens is much greater than the actual gold content. Mineral specimen dealers are being contacted to assist in marketing these samples.

Metallurgical Study

Gekko Systems of Ballarat, Australia has been contracted to conduct bench-scale gravity and leach amenability test work in order to determine gravity recovery potential of the Engineer Mine mill feed. The metallurgy samples have been shipped to Gekko and results are expected within the first three months of 2012.

Darren O'Brien, P.Geo., Vice President Exploration for BCGold Corp. and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical contents of this news release.

Images and video of BCGold Corp.'s bulk sampling and test milling at Engineer Mine this year can be viewed on the Company's website (http://www.bcgoldcorp.com/index.php?id=162).