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From another poster on another venue. BCG GLTA!
This is taken from the news release from 2007. Back then most people wouldn't have seen the significance of this paragraph but a few years later most of you should understand its importance.
"The Company wishes to inform shareholders that it has developed a formal working relationship with Mr. Al Doherty, P.Geo. of Aurum Geological Consultants Inc. and Mr. Shawn Ryan. Mr.Dougherty is project manager for BCGold Corp's Engineer Mine and Carmacks Copper–Gold Properties, the latter being in close proximity to Sherwood Copper Corp.'s and Western Copper Corporation's MintoandCarmacks copper–gold deposits in Yukon, respectively. Mr. Ryan is a renowned Yukon–based project generator and a key figure in BCGold's generative efforts."
BCG has had an on going "Yukon Generative" exploration program. This program resulted in the staking of the Minto/Carmacks Gold/Copper properties initially. The program is still on going and the only information you can find on the program is in the Investor presentation where it states the company has made 6 new gold discoveries using the Yukon Generative program.
I did not realize until reading this that one of the people that was likely involved in the discovery of BCG's 6 new gold discoveries in the Yukon is SHAWN RYAN!!!!!!!!!!!
The one time I spoke to management about the yukon generative program it was to ask when any specific or mapping information would be released on the Yukon Generative work and they told me not to expect anything in 2010. That the company planned to give investors more specific info in 2011. Well we are in the final 4 months of the year basically. So I think shareholders can look forward to some staking news somewhere in the yukon before 2011 is complete. I have a very good feeling the final 4 months of the year will be exquisite times for BCG.
Here is some more reading about Shawn in the Yukon:
News from globeandmail.com
WHEN GOLD DREAMS PAN OUT
Tuesday, August 17, 2010
Pursuing precious metal in a place made famous by the gold rush of 1896, Shawn Ryan scrimped and saved for years. Now, after many years of digging, his work has spurred a claim-staking rush and a multimillion-dollar takeover
BRENDA BOUW
VANCOUVER -- MINING REPORTER
Gold fever is gripping Yukon for the first time in more than a century following a discovery by a penniless and persistent prospector that was determined to find the source of the original Klondike deposits.
Shawn Ryan lived in a tin shack for years before uncovering the so-called White Gold district, not far from the fabled Klondike zones. While his work has yet to result in an operating mine, it has already sparked a record-setting staking rush and led to the multimillion-dollar takeover of a junior gold explorer by a senior producer.
More deals are expected as junior firms flock to the area around Mr. Ryan's findings and raise millions to finance further exploration, making big bets on what they hope will be the next motherlode of gold.
Michael Wark, executive director of the Yukon Chamber of Mines, said Mr. Ryan may in fact have discovered a source of the Klondike gold from the late 1800s, but "regardless, they have a significant gold discovery there."
For Mr. Ryan, the discovery south of Dawson City, near where the White and Yukon rivers meet, is the reward for the years spent hunting for gold in one of the world's most storied mining districts.
The area was made famous by the Klondike gold rush of 1896, but has received only sporadic attention since. In recent years, other companies came close to making the same discovery as Mr. Ryan, but walked away after running out of money or deciding other opportunities looked better.
Mr. Ryan hung in. He and his wife, Cathy Wood, and eventually two children, pinched pennies for years, surviving mostly on an annual $10,000 exploration grant from the Yukon government. Living on the outskirts of Dawson City, they paid $250 a month to rent a 365-square-foot tin shack that had served as the local barbershop at the turn of the previous century.
In 2004, after about eight years of hunching over maps and sampling soil, Mr. Ryan finally found the first signs of what he had been digging for so deeply, when assay results indicated geochemical markers associated with gold.
It took a few years for others to take notice, but now that they have, other exploration firms are flooding into the area, bringing with them a much-needed boost for local businesses ranging from hotels to helicopter companies.
The number of mining claims in Yukon surged to just under 110,000 in the first seven months of this year, about 38 per cent more than all of 2009, which itself was a record year with just under 80,000 claims.
Prospectors obtain claim tags from the mining recorder, a unit of the territorial government, then stake their claims on Crown land, in the traditional manner by using posts to mark out a rectangle no bigger than 1,500 feet on each side. Each claim costs $10 and prospectors have to do at least $100 of work a year on each claim (or pay $100) to maintain their rights to the land.
The staking rush has turned Mr. Ryan into a hometown hero. "He's a gem for Dawson," said Josée Savard, who has been operating Klondike Kate's Restaurant & Cabins with her husband in the town for the past two decades.
Mr. Ryan's story is a rags-to-riches tale of a miner's son from Timmins, Ont., who moved west as a young man for a job in the bush picking morel mushrooms. He met his future wife at work. It was when she was seven months pregnant that the two decided they needed to find a new way to make a living. Mr. Ryan, who had done some geological work for his dad's company when he was younger and wanted to go on working outdoors, decided to become a prospector.
Today, the self-taught geologist has become one of the rare prospectors to hit the jackpot. He has made millions through the share options and cash that he has received, and will become even richer if one of the properties he has uncovered turns into an operating gold mine and he begins collecting royalties on the output.
Mr. Ryan and his wife now run Ryanwood Exploration Inc., a geology consultant that has expanded to more than 50 employees.
"There haven't been too many prospectors that found a discovery that opened up a mine. That will be neat if that happens," Mr. Ryan, 47, said in a recent interview from his home in Dawson City, which he describes as an upgraded 900-square-foot shack.
The secret behind his fairy-tale success? Science, persistence and a lot of patience.
Mr. Ryan believed that the source of the Klondike gold rush was out there, somewhere. He did his homework, and discovered that the White Gold region had unique soil that provided good clues as to what might lie beneath the surface. Navigating by those clues, he dug deeper than most prospectors had in the past. Then he stuck with it, for years.
"It's just perseverance. A prospector has to believe there is something out there. Now it's just coming true. I can tell people, 'See, I told you so.' I always believed in it," said Mr. Ryan, who is moving to Whitehorse in the coming weeks with his wife and two children, now 12 and 14.
"I kind of feel like the Clampetts on the way to Whitehorse and into a bigger house," Mr. Ryan joked. The family also went on their first vacation this summer, a two-week trip to Europe.
While Mr. Ryan has become the latest poster boy for prospectors, his road to riches was long and rocky.
The first option agreement he signed with a junior mining company around 2004 fell through after less that two years, when the company decided it wanted to pursue oil and gas exploration instead. Mr. Ryan continued working the property and brought the data to a mining conference in Toronto in 2007. It was there that his work began to attract attention. One startup company, Underworld Resources, was particularly eager to get its hand on the property.
"Even though it was an early stage property (never been drilled before), it had all of the geological and geochemical indicators that I look for in a property," Rob McLeod, founder of Underworld and now head of exploration at Full Metal Minerals, said in a recent e-mail to The Globe and Mail.
"We knew that there were other junior and possibly major companies that also wanted to option the property from Shawn, so we offered a very generous deal, including a lot of Underworld shares and a good royalty. Fortunately we had the best bid, and the rest is history. Some said we paid too much at the time."
Underworld hit gold on only its fourth drill hole, an amazingly fast result in the mining business. The grade proved to be higher than expected and, as more drilling led to more positive results, the discovery caught the attention of Kinross Gold Corp., a Toronto-based producer. Last summer, Kinross perfectlybought an 11-per-cent stake in Underworld and then took over the entire company nine months later for about $138-million, a 50-per-cent premium to Underworld's average trading price before the acquisition.
His wife and partner, Cath, is vyery business savvy, and complements his technical skills"
"That made it real ... it validates the discovery," said Michael Gray, an analyst at Macquarie Securities.
It also resulted in Mr. Ryan being named Prospector of the Year by the British Columbia mineral exploration industry. "Shawn is the most talented prospector I've met in my career," Mr. McLeod said. "He uses a systematic approach, and invests his money wisely in sampling ...
While Underworld was drilling Mr. Ryan's first property, the prospector was already working on his second discovery in the area, which he optioned to explorer Kaminak Gold Corp. last year. Kaminak recently announced its third discovery on the property in the so-called Double Double zone. Its stock has climbed sevenfold over the past year to around $2.30 and the company recently raised $14.5-million to finance further exploration on the property.
Kinross said it was drawn to the area in part because of its proximity to its Fort Knox mine in Alaska. "The acquisition [of Underworld] put us in a position to be right in the middle of all of the action in the Yukon,
which is where we want to be," said Glen Masterman, vice-president of exploration at Kinross.
How soon a mine will be built on the site is unclear. Mr. Masterman said there are years of exploration still ahead. "There are positive signs the resources are robust," he said.
For Mr. Ryan, his past discoveries are just the beginning, as he continues to work on finding "one or two more" deposits in the area.
"There is more," he said. "Because it is such a new district ... we expect to find a few of these in the next few years. It's coming back again, the gold rush from 100 years ago
I am IN huge potential BCG is undervalued!!! GOLD!!!
Historical Prices
Date Open High Low Close Volume Adj
Close
2011/08/18 0.14 0.16 0.13 0.14 2,629,030 0.14
2011/08/17 0.12 0.14 0.12 0.14 3,479,476 0.14
2011/08/16 0.090 0.090 0.090 0.090 10,000 0.090
2011/08/15 0.085 0.10 0.085 0.095 51,000 0.095
2011/08/12 0.090 0.090 0.085 0.085 67,500 0.085
2011/08/11 0.085 0.090 0.080 0.085 130,000 0.085
2011/08/10 0.085 0.090 0.085 0.085 141,000 0.085
2011/08/09 0.080 0.085 0.080 0.080 77,000 0.080
2011/08/08 0.090 0.090 0.075 0.080 501,750 0.080
2011/08/05 0.095 0.095 0.090 0.090 101,086 0.090
2011/08/04 0.11 0.11 0.095 0.095 162,600 0.095
2011/08/03 0.10 0.11 0.10 0.11 155,500 0.11
2011/08/02 0.095 0.10 0.095 0.10 17,000 0.10
2011/08/01 0.090 0.090 0.090 0.090 35,000 0.090
2011/07/29 0.090 0.090 0.090 0.090 35,000 0.090
2011/07/28 0.090 0.10 0.090 0.090 169,000 0.090
2011/07/27 0.095 0.095 0.095 0.095 128,500 0.095
2011/07/26 0.095 0.095 0.095 0.095 53,500 0.095
2011/07/25 0.10 0.10 0.10 0.10 7,000 0.10
2011/07/22 0.095 0.095 0.095 0.095 48,500 0.095
2011/07/21 0.095 0.10 0.090 0.10 116,000 0.10
2011/07/20 0.10 0.10 0.10 0.10 131,200 0.10
2011/07/19 0.095 0.10 0.095 0.10 110,000 0.10
2011/07/18 0.10 0.10 0.10 0.10 45,000 0.10
2011/07/15 0.10 0.10 0.10 0.10 3,500 0.10
2011/07/14 0.11 0.11 0.095 0.10 190,225 0.10
2011/07/13 0.10 0.11 0.10 0.11 277,425 0.11
2011/07/12 0.095 0.10 0.090 0.10 257,392 0.10
2011/07/11 0.095 0.095 0.090 0.095 123,000 0.095
2011/07/08 0.090 0.095 0.090 0.095 233,300 0.095
2011/07/07 0.090 0.095 0.090 0.090 19,000 0.090
2011/07/06 0.095 0.095 0.090 0.090 75,800 0.090
2011/07/05 0.090 0.095 0.090 0.095 55,000 0.095
2011/07/04 0.090 0.090 0.085 0.090 140,000 0.090
2011/07/01 0.090 0.095 0.090 0.095 53,000 0.095
2011/06/30 0.090 0.095 0.090 0.095 53,000 0.095
2011/06/29 0.090 0.090 0.090 0.090 91,200 0.090
2011/06/28 0.090 0.090 0.090 0.090 78,000 0.090
2011/06/27 0.090 0.090 0.090 0.090 17,150 0.090
2011/06/24 0.095 0.095 0.090 0.090 18,500 0.090
2011/06/23 0.085 0.095 0.085 0.095 98,000 0.095
2011/06/22 0.090 0.090 0.085 0.090 96,499 0.090
2011/06/21 0.090 0.090 0.080 0.080 51,000 0.080
2011/06/20 0.085 0.090 0.080 0.090 171,000 0.090
2011/06/17 0.080 0.090 0.080 0.090 121,313 0.090
2011/06/16 0.085 0.090 0.075 0.075 209,000 0.075
2011/06/15 0.090 0.090 0.085 0.085 201,500 0.085
2011/06/14 0.085 0.090 0.085 0.090 95,000 0.090
2011/06/13 0.085 0.085 0.080 0.085 151,500 0.085
2011/06/10 0.085 0.090 0.080 0.085 295,600 0.085
2011/06/09 0.090 0.090 0.085 0.085 223,500 0.085
2011/06/08 0.090 0.090 0.085 0.090 89,000 0.090
2011/06/07 0.095 0.095 0.085 0.085 212,500 0.085
2011/06/06 0.095 0.10 0.095 0.095 579,500 0.095
2011/06/03 0.095 0.095 0.095 0.095 61,900 0.095
2011/06/02 0.10 0.10 0.095 0.095 84,100 0.095
2011/06/01 0.10 0.10 0.10 0.10 160,100 0.10
2011/05/31 0.10 0.11 0.10 0.11 235,700 0.11
2011/05/30 0.10 0.10 0.10 0.10 53,000 0.10
2011/05/27 0.11 0.11 0.095 0.095 311,500 0.095
2011/05/26 0.10 0.11 0.10 0.11 213,350 0.11
2011/05/25 0.11 0.11 0.11 0.11 94,500 0.11
2011/05/24 0.11 0.12 0.10 0.11 348,500 0.11
2011/05/23 0.11 0.11 0.11 0.11 159,500 0.11
2011/05/20 0.11 0.11 0.10 0.11 159,500 0.11
2011/05/19 0.10 0.11 0.10 0.10 307,999 0.10
2011/05/18 0.10 0.11 0.090 0.095 870,400 0.095
2011/05/17 0.095 0.095 0.090 0.090 373,700 0.090
2011/05/16 0.095 0.095 0.080 0.090 5,608,543 0.090
2011/05/13 0.10 0.10 0.095 0.095 279,000 0.095
2011/05/12 0.11 0.11 0.10 0.11 1,090,100 0.11
2011/05/11 0.095 0.10 0.095 0.095 163,725 0.095
2011/05/10 0.10 0.10 0.095 0.10 119,500 0.10
2011/05/09 0.11 0.11 0.10 0.11 503,100 0.11
2011/05/06 0.10 0.11 0.095 0.10 142,300 0.10
2011/05/05 0.11 0.11 0.10 0.10 30,300 0.10
2011/05/04 0.10 0.11 0.10 0.10 59,000 0.10
2011/05/03 0.11 0.12 0.095 0.10 873,242 0.10
2011/05/02 0.11 0.11 0.10 0.10 180,250 0.10
2011/04/29 0.11 0.11 0.11 0.11 140,250 0.11
2011/04/28 0.11 0.11 0.10 0.11 497,150 0.11
2011/04/27 0.11 0.11 0.11 0.11 262,600 0.11
2011/04/26 0.12 0.12 0.10 0.11 522,040 0.11
2011/04/25 0.11 0.12 0.11 0.12 35,500 0.12
2011/04/22 - - - - - -
2011/04/21 0.11 0.12 0.11 0.11 149,800 0.11
2011/04/20 0.12 0.12 0.11 0.11 102,000 0.11
2011/04/19 0.11 0.12 0.11 0.12 211,830 0.12
2011/04/18 0.12 0.12 0.11 0.11 272,500 0.11
2011/04/15 0.13 0.13 0.12 0.12 169,750 0.12
2011/04/14 0.12 0.13 0.12 0.12 228,782 0.12
2011/04/13 0.12 0.13 0.12 0.12 260,469 0.12
2011/04/12 0.12 0.13 0.12 0.12 225,000 0.12
2011/04/11 0.12 0.13 0.12 0.12 654,916 0.12
2011/04/08 0.12 0.12 0.11 0.12 238,800 0.12
2011/04/07 0.12 0.12 0.11 0.11 306,000 0.11
2011/04/06 0.12 0.12 0.11 0.11 177,500 0.11
2011/04/05 0.12 0.12 0.11 0.12 52,000 0.12
2011/04/04 0.12 0.12 0.11 0.11 266,500 0.11
2011/04/01 0.12 0.12 0.11
BCGold Corp. Announces Trench Assays Up to 979 g/t Gold and Prepares to Commence Milling at Engineer Gold Mine
As I said, there is plenty of history in the Engineer Mine---Take a look. GLTA!
Did not realize there is a BCG board on IHUB. Now I found two! BCG Great assay report! ---GLTA!
Vancouver, British Columbia, August 16, 2011 (TSX–V: BCG and PINK SHEETS: BCGOF) – BCGold Corp. (or the “Company”) is pleased to provide an update for the current Phase I exploration and development program at its Engineer Mine property, situated in northwestern British Columbia (see press release June 23, 2011). Highlights of the Company’s progress include the following:
Two bulk samples have been mined and transported to the mill staging area for processing in September. The first bulk sample of 50 tonnes was sourced by surface trenching the Double Decker Vein where recent assay results have returned up to 979 g/tonne gold (28.6 oz/ton Au).
The second bulk sample of 90 tonnes was mined from the Engineer Vein on 5 Level, proximal to a 23 tonne sample processed in 1995 that returned a head grade 26.1 g/t gold (0.76 oz/t Au).
A total of five underground bulk samples will be mined from the Engineer Vein above 5 Level and transported to the mill for processing. These samples, each ranging from 50 to 150 tonnes, will include at least two high–grade remnant pillars from the historic Bonanza Shoot, which averaged more than 62 g/t gold (2 oz/t Au) according to historic mine records.
Refurbishment of the on–site gravity separation mill is 80% complete. Approximately 65 kilograms of concentrated material, recovered while cleaning out the ball mill after a sampling program conducted in 1995, assayed 2,147 g/t gold (62.6 oz/t) and 1,240 g/t silver (36.2 oz/t Ag).
The current exploration program is Phase I of the two–phase, three–year, $10.2 million exploration and development program recommended by Snowden Mining Industry Consultants Ltd. in their April 2011 National Instrument 43–101 Technical Report for the Engineer Gold Project (available at www.bcgoldcorp.com). The report describes an Inferred Mineral Resource estimate of 41,000 tonnes grading 19.0 g/t gold (including 14,000 tonnes grading 52.5 g/t gold) for the partially–mined Engineer and Double Decker Veins (see press release March 4, 2011).
“We are pleased with our progress and preliminary results at the Engineer Mine property this year,” states Brian P. Fowler, P.Geo., President and Chief Executive Officer of BCGold Corp. “BCGold Corp. is poised to produce gold this season and is positioning itself to produce significantly more next year. This future production, coupled with Engineer’s excellent exploration upside, makes BCGold Corp. a great investment opportunity and separates the Company from its peers. Any net revenue derived from recovered gold sales of the Double Decker and Engineer Vein bulk samples will be used to support further exploration and development.”
Double Decker Vein Trenching and Bulk Sample
Trenching has successfully exposed a 20 metre length of the Double Decker Vein, which has seen partial development on all eight mine levels. The vein at surface is quite narrow, ranging from 10 to 40 centimetres in width, but channel sampling confirmed that the vein can run “bonanza” grade gold. BCGold Corp. geologists removed a 1 metre section of the Double Decker Vein for assay analysis that returned 979 g/t gold (28.6 oz/t Au). A rerun of the same sample returned 1079 g/t gold (31.5 oz/t Au).
Engineer Vein Underground Bulk Samples
Each of the five underground bulk samples from the Engineer Vein will range from 50 to 150 tonnes. Underground bulk sample material is transported to surface by rail, via the 5 Level portal, to a loading station and a 10–tonne dump truck. The sample is then trucked 750 metres to the 30 tonne per day gravity separation mill for processing. A sampling protocol has been designed to report an average head grade for each bulk sample. Gold amenable to gravity separation will be recovered on the mill’s Deister tables.
On–site Gravity Separation Mill
Refurbishment of the gravity separation mill is approximately 80% complete. The jaw crusher, roll crusher, conveyor system, and triple–deck shaker table system have been refurbished to full functionality; the ball mill has been cleaned out, resurfaced, and reassembled. A new final Deister table will be delivered to the site shortly and once installed will enhance the gold recovery circuit.
Surface Trenching, Mapping and Channel Sampling
More than 600 metres of trench excavation was completed in three main areas on the property, including the Boulder, Shaft, and Double Decker zones. Surface trenching exposed a 55 metre length of the Boulder Vein, a 40 metre length of the Shaft Vein and a 90 metre length of the Shear “B” mineralized structure, all of which were either exposed or partially developed 120 metres vertically below on 5 Level in the 1920’s. The exposed veins have been geologically mapped and channel sampling will be completed by the end of August.
Property Scale Exploration
BCGold Corp. also completed a 600 line–kilometre, helicopter–borne, SkyTEM, deep–penetrating Time–Domain Electromagnetic/Magnetic (TDEM) geophysical survey over the Engineer Mine property and the surrounding Gold Hill property earlier this summer. The results are being used to focus a property–wide geological mapping and prospecting program, which will target additional high–grade veins and bulk–tonnage, Shear Zone “A” type structures. A 1,500 metre diamond drill program is planned to test these targets early next spring.
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.
About the Engineer Mine
BCGold Corp. owns a 60% interest in the Engineer Mine property, with an option to earn a 100% interest.
Engineer Mine was a high–grade gold producer that came to peak production in the mid–1920s and ceased operation in the early 1930s, primarily due to water ingress issues. More than 560 kilograms of gold and 278 kilograms of silver were officially produced at realized grades exceeding 39 g/t Au and 20 g/t Ag, from high–grade epithermal quartz–carbonate veins on six of eight mine levels.
There are more than 25 known veins on the property and only 4 have undergone limited production and exploration to date. All veins remain open at depth and little exploration has been conducted deeper than 200 metres below surface.
The Company consolidated its land position around Engineer Mine in 2010 by signing an option agreement to acquire a 100% interest in the adjacent Gold Hill property. The 2,100 hectare Gold Hill property includes the Happy Sullivan high–grade gold epithermal prospect and a 2.2 kilometre segment of the highly prospective Shear Zone “B” structure.
BCGold Corp. (TSX–V: BCG) is a Vancouver–based junior resource company focused on copper and gold exploration in under–explored historic and emerging mining districts in British Columbia and Yukon. BCGold Corp. acquires and develops conceptual, early and mid–stage, exploration opportunities and advances them towards resource development by using internal expertise, engaging preferred joint venture partners, and creating strategic alliances with major exploration and mining companies.
http://www.bcgoldcorp.com/index.php
BCG a listed company in Canadian Venture Exchange
http://tmx.quotemedia.com/quote.php?qm_symbol=BCG
BCGold Corp. Commences Work Program at Engineer Gold Mine
Date : 06/23/2011 @ 8:40AM
Source : MarketWire Canada
Stock : BCGold Corp. (BCG)
Quote : 0.095 0.005 (5.56%) @ 1:53PM
BCGold Corp. Commences Work Program at Engineer Gold Mine
BCGold Corp. (TSX VENTURE:BCG)(PINK SHEETS:BCGOF) (or the "Company") is pleased
to announce work crews have mobilized to the Company's Engineer Gold Mine
property to commence Phase I of the exploration and development program
recommended by Snowden Mining Industry Consultants Ltd. ("Snowden") (see press
release dated May 25, 2011). The Company also wishes to announce that the permit
to dewater the lowermost levels of the historic Engineer Mine workings has been
extended by the British Columbia Ministry of Environment to September 30, 2011.
BCGold Corp. has budgeted $1.5 million to conduct the Phase I program at the
Engineer Gold Mine property. The program entails limited underground
rehabilitation and dewatering of the lower mine workings, bulk sampling from
surface trenching and underground, test mining to optimize head grade, and
evaluation and optimization of the 30 tonne per day pilot mill circuit. A
property-wide exploration program, covering both the Engineer Gold Mine property
and the recently acquired Gold Hill property, will include a 600 line-km SkyTEM
airborne geophysics program, mapping, prospecting, surface trenching, and a
1,500 metre diamond drill program testing the bulk tonnage potential of Shear
Zone 'A'.
Phase I exploration is part of a $10.2 million exploration and development
program recommended by Snowden in the April 2011 NI 43-101 Technical Report
describing an Inferred Resource Estimate of 41,000 tonnes grading 19.0 g/t gold
for the partially mined out Engineer and Double Decker veins (See press release
dated March 4, 2011). The report recommends a three-year, two-phase, $10.2
million work program to further explore the property for additional high-grade
and bulk-tonnage gold resources, and to take the Engineer Gold Mine property
into small-scale production in the near term. The full report is available for
download from the Company's website (www.bcgoldcorp.com).
Darren O'Brien, P.Geo., Vice President Exploration for BCGold Corp., is a
Qualified Person as defined by National Instrument 43-101 and has reviewed and
approved the technical contents of this news release.
About the Engineer Mine
BCGold Corp. owns a 60% interest in the Engineer Mine property with an option to
earn a 100% interest.
Engineer Mine was a high-grade gold producer that came to peak production in the
mid-1920s and ceased operation in the early 1930s primarily due to water ingress
issues. More than 560 kilograms of gold and 278 kilograms of silver were
officially produced at realized grades exceeding 39 g/t Au and 20 g/t Ag, from
high-grade epithermal quartz-carbonate veins on six of eight mine levels.
There are more than 25 known veins on the property and only four have undergone
limited production and exploration to date. All veins remain open at depth and
little exploration has been conducted deeper than 200 metres below surface.
In October 2010 the Company consolidated its land position around Engineer Mine
by signing an option agreement to acquire a 100% interest in the adjacent Gold
Hill property. The 2,100 hectare Gold Hill property includes the Happy Sullivan
high-grade gold epithermal prospect and a 2.2 kilometre segment of the highly
prospective Shear Zone "B" structure.
About BCGold Corp.
BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company
focused on copper and gold exploration in under-explored historic and emerging
mining districts in British Columbia and Yukon. BCGold Corp. acquires and
develops conceptual, early and mid-stage exploration opportunities and advances
them towards resource development by using internal expertise, engaging
preferred joint venture partners, and creating strategic alliances with major
exploration and mining companies. Kinross Gold Corporation holds 9% equity
interest in BCGold Corp.
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.
Bcgold Corp. (TSX:BCG)
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