Neo Battery Metals Ltd (NBMFF)

[LGL8054]

BCGold Corp. Successfully Dewaters 7 Level of Engineer Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - BCGold Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) (or the "Company") is pleased to announce that it successfully dewatered 7 Level of the Engineer Mine-which has been submerged since the mine closed in 1928-and that air and water services are re-established to the level. Subsequent surveying, geologic mapping and panel sampling of the Engineer Vein-which runs the length of 7 Level for approximately 173 m-showed visible gold and roscoelite in three locations along the drift. BCGold Corp. can now validate historic records that indicate no production mining occurred on 7 Level and that the timber and track remain in excellent condition.

The Engineer Vein ranges from 0.5 m to 1.0 m in width for 157 m along the 7 Level drift. The vein dips vertically and exhibits similar textures and mineralogy to vein exposures in the main 5 Level workings. Three clusters of roscoelite with visible gold are exposed in the back of the drift. The vein is open to the northeast along strike and is 0.6 m wide in the northeast face. In the far southwest end of the drift the vein narrows to approximately 0.2 m, which is consistent with 5 Level.

BCGold Corp. geologists collected 190 panel samples along the length of the Engineer Vein on 6 and 7 Level. Samples were submitted to Inspectorate Exploration and Mining Services of Richmond, British Columbia where they will be analyzed for gold and other elements using a combination of metallic screen assaying and multi element inductively coupled plasma (ICP) analysis.

The Company dewatered 6 and 7 Level to access the down-plunge extension of the 505-3 and 505-5 gold shoots discovered on 5 Level during the Company's 2011 bulk sampling of the Engineer Vein. The two gold shoots are a compelling exploration and bulk sampling target estimated to contain 6,000 to 8,600 tonnes between 5 and 7 Level, grading 30 to 60 g/t Au, for up to 17,000 ounces of contained gold (see February 29, 2012 news release). The 505-3 gold shoot is completely outside of the Inferred Mineral Resource previously defined by Snowden Mining Industry Consultants Limited.

Surface Exploration Update

BCGold Corp. is pleased to report that eight high-grade gold specimens were collected from surface trenching along the Shaft Vein, approximately 215 m northeast of the Engineer Vein. The Shaft Vein occurs as a northwest striking, steeply dipping 0.3 - 0.8 m wide quartz and calcite vein with occasional coarse free gold. The Shaft Vein has been traced by surface trenching for over 50 m along strike and is known to extend more than 113 m below surface to 5 Level, where BCGold Corp. obtained a high-grade grab sample that assayed 860 g/t gold and 1,774 g/t silver in 2008 (see February 28, 2008 news release). A 28 m deep shaft was excavated on Shaft Vein by old-time miners in the late 1920s. The Shaft Vein is an excellent exploration target that has never been drill tested.

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 BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is focused primarily on gold exploration and development 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. Currently, institutional investors hold 21% of the Company's outstanding shares and Kinross Gold Corporation holds 5%.

BCGold Corp. is unique in that it not only exposes investors to the prospect of discoveries, but is also positioned to offset exploration costs by forward selling gold concentrate recovered from on-site processing of bulk sample material at the Company's high-grade gold Engineer Mine property.

On behalf of the Board of Directors,

Brian P. Fowler, P. Geo., President & CEO

Some statements in this news release contain forward-looking information or forward-looking statements. These statements include, but are not limited to, statements with respect to future expenditures 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 and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration, development and production activities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
BCGold Corp.
Corporate Communications
604-697-2403
[e-mail]
www.bcgoldcorp.com

[LGL8054]

BCGold Corp. Enters Into Option Agreement With Kaiyue International Inc.


BCGold Corp. (or the "Company") (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) is pleased
to announce that the Company has entered into a Letter Agreement with Kaiyue
International Inc. ("Kaiyue") (TSX VENTURE:KYU.P) whereby, subject to regulatory
approval, Kaiyue can earn up to a 70% interest in BCGold Corp.'s 100% controlled
Toe Property, Yukon.


BCGold Corp. has granted Kaiyue the option to acquire a 60% interest in the Toe
Property ("Property") by making $255,000 in cash payments, $1,900,000 in
exploration expenditures and issuing 400,000 shares of Kaiyue to BCGold Corp.
over a four year period. Kaiyue can earn an additional 10% interest in the
Property by completing a feasibility study, for a total interest of up to 70%.
In addition to regulatory approval, the Kaiyue option is subject to BCGold Corp.
and Kaiyue entering into a definitive option and joint venture agreement on or
before August 31, 2012.


The 1,600 hectare Toe Property is one of BCGold Corp.'s 16 Minto/Carmacks Copper
Gold Properties (15,925 hectares) in Yukon, strategically located proximal and
adjacent to Capstone Mining Corp.'s currently producing, high-grade copper-gold
Minto Mine and Copper North Mining Corp.'s Carmacks Copper Project. BCGold Corp.
is the largest land holder in the Carmacks Copper-Gold Belt, having spent
approximately $4 million in exploration expenditures over the past 4 years and
discovering 7 copper-gold mineralized zones.


The Toe Property is located 7 kilometers northwest of the Minto Mine and 255
kilometres northwest of Whitehorse, Yukon. The Toe Property is drill-ready and
hosts a number of copper-gold soil anomalies and "Minto-type" geophysical
targets. The Toe Property is subject to a 2.5% net smelter returns royalty
interest held by BCGold Corp. and a third party.


BCGold Corp. also announces that BCGold Corp. and Pacific-Link Capital Inc. have
mutually agreed to terminate the March 14, 2012 letter agreement regarding the
Toe Property.

[Diogenes of Sinope]

http://ih.advfn.com/p.php?pid=nmona&article=53771042&symbol=BCG

[canucklehead80]

The Armageddon Property
BCGold Sells Bulk-Sample Gold for Essential Cashflow
By Kevin Michael Grace

“In this business, you have to have a lot of irons in the fire,” declares BCGold TSXV:BCG President/CEO Brian Fowler. “I joked at the initial stages of BCGold when we acquired Engineer that I always looked at it as our Armageddon property. That is, if the world goes to hell in a hand basket, which it’s well on its way to right now, that I felt strongly even then that we’d be able to somehow produce a product; if we had a mine and mill, we could do that.”

Fowler’s jest is now a reality. The Engineer Mine property comprises 2,200 hectares located 32 kilometres west of Atlin, BC, on the south arm of Tagish Lake. Before it ceased production 70 years ago, it yielded more than 560 kilograms of gold and 278 kilograms of silver. Its grades were high—39 grams per tonne gold and 20 g/t silver—and it is that quality that has now become central to financing BCGold‘s continued operations throughout BC and the Yukon.

Read the rest of this article on BCGold's Yukon and BC plays. http://resourceclips.com/2012/07/11/the-armageddon-property/

[LGL8054]

BCGOLD Letter From the President July 10, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2012) -

Dear Investor,

I write this letter in addendum to BCGold Corp.'s announcement earlier today (July 10, 2012) that the Company is going to market to raise working capital for the remainder of 2012. The Company regrets that this financing must be done at a significant discount to our 2011 financing, but these are trying times for junior resource companies. BCGold Corp. has implemented a number of cost-saving measures to minimize its working capital expenses, which include staff reductions, restrictions of certain overhead expenditures, and downsizes to exploration efforts. We carefully implemented cost-savings measures that will allow us to maintain a high potential for exploration discovery and success in 2012 and see these measures as a prudent response to the current economic climate.

Like our peers, BCGold Corp. has seen its stock price plunge to record lows over the past year, in spite of a very successful year at our flagship Engineer Mine property. Unlike our peers, BCGold Corp. is positioned to offset exploration costs and minimize share issuances by obtaining capital through the monetization / forward sale of gold concentrate recovered from on-site processing of bulk sample material at the high-grade gold Engineer Mine property. By these means the Company has the ability to extract more exploration value for each dollar invested.

This financing will provide the Company with the necessary working capital to execute our budgeted exploration programs in 2012. BCGold Corp. has earmarked more than $750,000 in flow-through exploration dollars, currently on-hand, to advance Engineer Mine, the Off-White and South Quesnel copper-gold properties. Engineer mine will continue to be the primary focus of the Company. BCGold Corp. intends to dewater the 6 and 7 levels of the mine to access the down-plunge extension of the recently defined high-grade 505-3 and 505-5 gold shoots within the Engineer Vein. These levels will be mapped and sampled and air and water services will be installed for mining purposes.

In 2011 BCGold Corp. successfully mined and milled high-grade ore on the Engineer Mine property and produced nearly one tonne of marketable gold concentrate. That concentrate was sold to a refinery and the Company recently received a US$107,000 cash payment for 67.9 payable ounces of gold at US$1608/oz. Last year's work confirmed the presence of two accessible, high-grade gold exploration targets (please see news release dated February 29, 2012) grading between 1-2 oz/ton gold (containing up to 17,000 oz of gold) that the Company has targeted to mine and mill as bulk samples in 2013 and 2014.

The Company is aggressively marketing the forward sale of significantly more gold concentrate that could be produced at Engineer during the next 2 years and management is confident a deal will be at hand in the near term. Proceeds of this sale will be used to defer mining and milling costs of the recently confirmed high-grade shoots and to fund infrastructure improvements, resource expansion and mine design work. Until that time, however, the Company must go to market and secure operating capital by conventional means.
As a past, current or future BCGold Corp. shareholder, I would like to thank you for your support and consideration of the financing announced this morning. The current market malaise will not last forever and resource stocks will recover. Gold is holding its own, junior financings are gaining attention and investors are starting to take notice of the multitude of grossly undervalued opportunities out there - BCGold Corp. is a great example of such opportunities.

Please feel free to contact me or Kim Williams should you have any questions about additional information on the Company, our plans going forward, or our current financing.

Kind Regards,

Brian P. Fowler, P.Geo.

President & CEO

[LGL8054]

Full Diluted...119,457,079

O/S....98,702,729

Option 6,711,000

Management..... 5%
Retail.........73%
Institutional..17%
KGC............ 5%

[LGL8054]

CAD/USD Cross Rate


-0.0009


$0.9799

[LGL8054]

July 9, 2012
BCGold Corp. Commences Work Programs at Engineer Mine Property, B.C.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2012) - BCGold Corp. (or the "Company") (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) is pleased to announce that exploration and mining crews have mobilized to the Engineer Mine property to commence the 2012 exploration and development program. The fully funded $550,000 program will consist of the following:


-- dewatering 6 and 7 Level of the underground mine workings to access the
down-plunge extension of the 505-3 and 505-5 gold shoots within the
Engineer Vein
-- surveying, geological mapping and detailed panel sampling of the 6 and 7
Level underground workings
-- soil sampling orientation surveys along a 3-km strike length of Shear
Zone "A" and Shear Zone "B"
-- geological mapping, prospecting and soil sampling over the 16 km2
Engineer Mountain volcanic complex
-- commencement of a University of British Columbia research project
investigating depositional controls and the source of high-grade gold
mineralization at Engineer Mine (see UBC Research Project below)
-- continued evaluation of financing options to fund mine and mill
infrastructure upgrades required to optimize gold recovery during bulk
sampling


Ampex Mining Ltd. of Whitehorse, Yukon is contracted to refurbish the shaft area on 5 Level, the main access level of the mine, and to install and operate equipment required to dewater 6 and 7 Level later this month. This is to provide access and services required to further evaluate, geologically map, panel and bulk sample the high-grade 505-3 and 505-5 gold shoots, which were defined during the Company's bulk sampling program in 2011. The two gold shoots are a compelling exploration target between 5 and 7 Level, estimated to contain 6,000 to 8,600 tonnes, grading 30 to 60 g/t Au (1-2 oz/t), for up to 17,000 ounces of contained gold (see February 29, 2012 news release: http://www.bcgoldcorp.com/. The Company is fully permitted to dewater, mine, and mill up to 4,000 tonnes of bulk sample material in 2012.

Mine Conditions

The historic Engineer Mine has more than 5,500 metres of underground development along eight levels that provide access to seven high-grade gold veins and two potential bulk tonnage mineralized shear zones. Historic production came primarily from the upper five levels of the Engineer and Double Decker Veins over a three year period. The mine ceased production in the early 1930s after producing more than 560 kg (18,000 oz) of gold and 278 kg (8,950 oz) of silver. With the exception of an unsuccessful dewatering attempt by a previous operator in 1975, the lowermost three levels have been flooded since production ceased.

The Company expects the shaft and workings on 6 and 7 Level to be in good condition and suitable for continued access and mining along the Engineer Vein. According to historic records, there are 253 metres of pre-production drift along the Engineer Vein on 6 and 7 Level, and the Company intends to bulk sample the 505-3 and 505-5 high-grade gold shoots utilizing this development.

Financing Options for Continued Bulk Sampling

Larger-scale bulk sampling of the 505-3 and 505-5 Engineer Vein gold shoots provides an excellent opportunity for the Company to generate significant, near-term revenue for continued exploration and development. The Company is evaluating a number of financing options to fund mine and mill infrastructure upgrade requirements to optimize gold recovery, as well as direct mining and milling operating costs. Financing options under consideration include, individually or in combination, the forward sale of gold concentrate, secured convertible debt, gold royalty, and an interest bearing loan facility repayable over a two-year period. The Company continues to seek a suitable partner and terms for this venture.

UBC Research Project

The Department of Earth and Ocean Sciences (EOS) at the University of British Columbia (UBC) has commenced a one-year post-doctoral research project studying gold mineralization at the Engineer Mine. The main objective of the project is to develop a geological model to better understand the depositional controls and the source of the high-grade gold mineralization. Secondary objectives include investigating commonalities to other Au-V-Te deposits, such as the Cripple Creek Mine (USA), Porgera Gold Mine (Papua New Guinea), and the Emperor Gold Mine (Fiji); determining the link between gold in the low-grade shear zones and the high-grade veins; and "fingerprinting" the gold-using trace element signatures to establish comparisons between Engineer Mine's bedrock gold and the placer gold in the Atlin Gold Camp.

BCGold Corp. management is excited to be involved in this research project and believes the results will improve the Company's ability to drill target higher-grade, bulk tonnage gold mineralization within the shear zones. The project will be led by Dr. Leo J. Millonig, a post-doctoral research fellow with EOS, and Professor Lee A. Groat (EOS) and Professor Robert Linnen (University of Western Ontario) will provide academic and laboratory support. BCGold Corp. has committed up to $47,000 toward this project and along with UBC has applied for industry matching funding through the Mitacs-Accelerate research internship program.

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 BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is focused primarily on gold exploration and development 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. Currently, institutional investors hold 21% of the Company's outstanding shares and Kinross Gold Corporation holds 5%.

BCGold Corp. is unique in that it not only exposes investors to the prospect of discoveries, but is also positioned to offset exploration costs by forward selling gold concentrate recovered from on-site processing of bulk sample material at the Company's high-grade gold Engineer Mine property.

On behalf of the Board of Directors,

Brian P. Fowler, P. Geo.. President & CEO

[brigar6]

Nope, nothing new; but behind door #2 company called UNDR is tanking, seen that comin

[doinit]

seen anything new for this one ?????

[LGL8054]

.06 X .07 and 70,000 traded to day

[LGL8054]

BCGold Corp. Enters Agreement to Option Minto Area Property to Pacific-Link Capital Inc.
MarketwirePress Release: BCGold Corp. – Thu, Mar 15, 2012 9:45 PM

VANCOUVER, BRITISH COLUMBIA--(Marketwire -03/15/12)- BCGold Corp. (TSX-V: BCG.V - News)(Pinksheets: BCGOF.PK - News) (or the "Company") is pleased to announce that the Company has entered into a Letter Agreement with Pacific-Link Capital Inc. ("Pacific-Link") (TSX-V: PCL-P.V - News) whereby, subject to regulatory approval, Pacific-Link can earn up to a 70% interest in BCGold Corp.'s 100% controlled Toe Property, Yukon.

BCGold Corp. has granted Pacific-Link the option to acquire a 60% interest in the Toe Property ("Property") by making $255,000 in cash payments, $1,900,000 in exploration expenditures and issuing 400,000 shares of Pacific-Link to BCGold Corp. over a four year period. Pacific-Link can earn an additional 10% interest in the Property by completing a feasibility study, for a total interest of up to 70%. In addition to regulatory approval, the Pacific-Link option is subject to BCGold Corp. and Pacific-Link entering into a definitive option and joint venture agreement on or before April 30, 2012.

The 1,600 hectare Toe Property is one of BCGold Corp.'s 16 Minto/Carmacks Copper Gold Properties (15,925 hectares) in Yukon, strategically located proximal and adjacent to Capstone Mining Corp.'s currently producing, high-grade copper-gold Minto Mine and Copper North Mining Corp.'s Carmacks Copper Project. BCGold Corp. is the largest land holder in the Carmacks Copper-Gold Belt, having spent approximately $4 million in exploration expenditures over the past 4 years and discovering 7 copper-gold mineralized zones.

The Toe Property is located 7 kilometers northwest of the Minto Mine and 255 kilometres northwest of Whitehorse, Yukon. The Toe Property is drill-ready and hosts a number of copper-gold soil anomalies and "Minto-type" geophysical targets. The Toe Property is subject to a 2.5% net smelter returns royalty interest held by BCGold Corp. and a third party.

About BCGold Corp.

BCGold Corp. (TSX-V: BCG.V - News) is a Vancouver-based junior resource company focused on copper and gold exploration and development 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.

BCGold Corp. is unique in that the Company not only exposes investors to the prospects of new discoveries, but is also positioned to offset exploration costs and minimize dilutive share issuances for capital by monetizing / forward selling gold concentrate recovered from on-site processing of bulk sample material at the Company's high-grade gold Engineer Mine Property.

On behalf of the Board of Directors,

Brian P. Fowler, P.Geo., President & CEO

[doinit]

thank you mr. LGL8054, , VERY GOOD INFO

[LGL8054]

Mineral Reserve Reporting Standards: There are currently multiple and conflicting standards worldwide for the reporting of mineral reserves.

Following a major stock fraud in Canada,
Canada then enacted a very restrictive law entitled NI 43-101 that essentially dismisses testing data older than 2 years. Under this standard, the Ore Reserves would be characterized as estimated or historical reserves.

Despite intensive lobbying by Canada, the US government has not adopted 43-101 standards. Under existing US law, embodied in SEC Industry Guide 7, and based on the reporting standards set forth by the US Society of Mining Engineers, the Ore Reserves would be characterized as Proven and Probable Reserves

[doinit]

mining development takes years and years,,,only the serious start suchh a project

[LGL8054]

Looks like two years before production starts on White Gold and gold could be way down by then.

[doinit]

bcgold is getting it done ,, time and patience !!!!

[LGL8054]

BCGold Corp. Enters Agreement to Option Minto Area Property to Pacific-Link Capital Inc.

BCGold Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) (or the "Company") is pleased
to announce that the Company has entered into a Letter Agreement with
Pacific-Link Capital Inc. ("Pacific-Link") (TSX VENTURE:PCL.P) whereby, subject
to regulatory approval, Pacific-Link can earn up to a 70% interest in BCGold
Corp.'s 100% controlled Toe Property, Yukon.


BCGold Corp. has granted Pacific-Link the option to acquire a 60% interest in
the Toe Property ("Property") by making $255,000 in cash payments, $1,900,000 in
exploration expenditures and issuing 400,000 shares of Pacific-Link to BCGold
Corp. over a four year period. Pacific-Link can earn an additional 10% interest
in the Property by completing a feasibility study, for a total interest of up to
70%. In addition to regulatory approval, the Pacific-Link option is subject to
BCGold Corp. and Pacific-Link entering into a definitive option and joint
venture agreement on or before April 30, 2012.


The 1,600 hectare Toe Property is one of BCGold Corp.'s 16 Minto/Carmacks Copper
Gold Properties (15,925 hectares) in Yukon, strategically located proximal and
adjacent to Capstone Mining Corp.'s currently producing, high-grade copper-gold
Minto Mine and Copper North Mining Corp.'s Carmacks Copper Project. BCGold Corp.
is the largest land holder in the Carmacks Copper-Gold Belt, having spent
approximately $4 million in exploration expenditures over the past 4 years and
discovering 7 copper-gold mineralized zones.


The Toe Property is located 7 kilometers northwest of the Minto Mine and 255
kilometres northwest of Whitehorse, Yukon. The Toe Property is drill-ready and
hosts a number of copper-gold soil anomalies and "Minto-type" geophysical
targets. The Toe Property is subject to a 2.5% net smelter returns royalty
interest held by BCGold Corp. and a third party.


About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company
focused on copper and gold exploration and development 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.


BCGold Corp. is unique in that the Company not only exposes investors to the
prospects of new discoveries, but is also positioned to offset exploration costs
and minimize dilutive share issuances for capital by monetizing / forward
selling gold concentrate recovered from on-site processing of bulk sample
material at the Company's high-grade gold Engineer Mine Property.


On behalf of the Board of Directors,

Brian P. Fowler, P.Geo., President & CEO

[LGL8054]

BCGold Corp.'s Engineer Mine Bulk Sample Concentrate Averages 2,193.1 g/t (64.0 oz/ton) Gold

[LGL8054]

Hey doinit are you awake

[zoedog10]

Looks like we have something here....

[LGL8054]

BCGold Corp.'s Engineer Mine Bulk Sample Concentrate Averages 2,193.1 g/t (64.0 oz/ton) Gold
Date : 02/27/2012 @ 2:50PM
Source : MarketWire

BCGold Corp.'s Engineer Mine Bulk Sample Concentrate Averages 2,193.1 g/t (64.0 oz/ton) Gold
Print
Alert

BCGold Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) (or the "Company") is pleased to announce final assay results and mining grades from the bulk sampling and on-site test milling component of the 2011 exploration program at the Company's Engineer Mine property. BCGold Corp. has received assay results from the 148.4 kg of Sluice Concentrate and 5.1 kg of High-Grade Gold Stream Concentrate produced while test milling six composite bulk samples mined from remnant portions of the Engineer and Double Decker Veins, some of which was outside of 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 gravity separation mill for each of the six bulk samples. Sluice Concentrate returned an average gold grade of 550.7 g/t Au (16.1 oz/ton), with one subset bulk sample grading 1,091.5 g/t Au (31.8 oz/ton). The High-Grade Gold Stream Concentrate collected from the gravity circuit's finishing table returned a gold grade of 58,451.9 g/t Au (1,704.8 oz/ton or 5.8% Au). Incorporating the previously reported Table Concentrate results (see December 14, 2011 news release), test milling of 246.1 tonnes of bulk sample material in 2011 produced 969.2 dry kg of concentrate returning a weighted average grade of 2,193.1 g/t Au (64.0 oz/ton). An estimated 68.3 oz of gold is contained in the concentrate. Complete results are reported in Table 1.

Additional highlights of the 2011 Engineer Mine bulk sampling and test milling program include:

-- The 246.1 tonne composite bulk sample returned an average mining grade
of 16.9 g/t Au (0.5 oz/ton),
-- Bulk sample 505-3B (68.9 tonnes) returned a mining grade of 44.6 g/t Au
(1.3 oz/ton),
-- Approximately 60% (147 tonnes) of the composited bulk sample was mined
from outside the limits of the currently stated Inferred Mineral
Resource,
-- Bulk sampling results support the potential expansion of the Inferred
Mineral Resource within the current underground workings,
-- Bulk sample mining grades are on average 850% higher than channel sample
estimates,
-- Preliminary test milling averaged 51.3% gold recovery from the on-site
gravity separation mill.


"BCGold Corp. is very pleased with the results of our bulk sampling and test milling program at Engineer Mine this past year," states Brian P. Fowler, P.Geo., President and CEO of BCGold Corp. "The Company has demonstrated the ability to identify and effectively mine high-grade vein material at Engineer Mine, and produce a marketable concentrate utilizing the on-site gravity separation mill. Management is confident that additional high-grade vein material will be identified by bulk sampling and that on-going metallurgy studies will provide the necessary information to optimize the mill recovery circuit."

BCGold Corp. is planning a staged $2.5 million exploration and development program at the Engineer Mine property in 2012. In addition to limited mine dewatering, geological mapping, sampling, and mine rehabilitation, the Company also intends to optimize the mill and continue to bulk sample and mill accessible high-grade gold mineralization. The Company is also planning an underground diamond drilling program targeting four previously untested veins as well as the Shear Zone 'A' and Shear Zone 'B' bulk tonnage exploration targets.

2011 Bulk Sampling and Test Milling Program

The bulk sampling and test milling component of BCGold Corp.'s $1.1 million 2011 exploration and development program entailed mining 350 tonnes of composite bulk sample material from underground workings and an additional 50 tonnes from surface trenching. Approximately 246 tonnes of this material was processed on-site, using the gravity separation mill, and yielded 969.2 kg of gold-rich concentrate as three separate products. Assay results for 815.6 kg of Table Concentrate were previously announced (see December 14, 2011 news release) returning a weighted average grade of 2,140.1 g/t Au (62.4 oz/ton), with one subset bulk sample returning 6,485.8 g/t Au (189.2 oz/ton).

Table 1 reports assay results and estimated contained gold for bulk sample concentrates produced using the on-site gravity separation mill.

Table 1
Bulk Sample Concentrate Assay Results
and Calculated Gold Content

----------------------------------------------------------------------------
Bulk Table Sluice HG Gold Total Contained
Sample Concentrate Concentrate Stream Concentrate Gold
------------- ------------- ------------ ------------- ------------
Tonnes Dry Au Dry Au Dry Au Dry Au Oun-
Milled kg (g/t) kg (g/t) kg (g/t) kg (g/t) Grams ces
----------------------------------------------------------------------------
DD
Trench

9.4 15.5 379.3 7.6 109.6 - - 23.1 290.6 6.7 0.2
----------------------------------------------------------------------------
505-2

40.7 167.5 204.7 26.1 143.8 - - 193.6 196.5 38.0 1.2
----------------------------------------------------------------------------
505-3A

35.5 172.3 1,324.1 22.6 699.7 - - 194.9 1,251.7 244.0 7.8
----------------------------------------------------------------------------
505-3B

68.9 173.5 6,485.8 40.3 1,091.5 5.1 58,451.9 218.9 6,703.3 1,467.6 47.2
----------------------------------------------------------------------------
505-5
(i)

69.7 228.1 1,382.2 44.2 322.5 - - 272.3 1,210.2 329.5 10.6
(i) (i)
----------------------------------------------------------------------------
505-6

21.9 58.7 621.2 7.6 406.9 - - 66.3 596.7 39.6 1.3
----------------------------------------------------------------------------
Total

246.1 815.6 2,140.1 148.4 550.7 5.1 58,451.9 969.2 2,193.1 2,125.5 68.3
----------------------------------------------------------------------------

(i) Approximately 14 kg of hand specimens with greater than 5% "wire" gold
were removed from Bulk Sample 505-5 prior to crushing at the gravity
separation mill (see December 14, 2011 news release) and is therefore
not reported as contained gold in concentrate.


Discussion

Bulk Sampling and Calculating Mining Grade

BCGold Corp. utilized bulk sampling at the Engineer Mine to determine gold grade, the character and distribution of the gold in the Engineer and Double Decker Veins, and to obtain metallurgical samples.

Historic mining records and previous Company sampling records have shown that a major portion of the gold within the veins is free-milling coarse gold that occurs as clusters within mineralized shoots. Smaller volume samples using conventional drill core or channels are useful in locating veins, but often fail to intersect the clusters of free gold and therefore underestimate the average grade of the veins. This can lead to potentially misidentify mineralized vein material as waste rock. Large tonnage bulk samples return a more representative gold grade for the vein material as they sample a larger percentage of the mineralized shoot.

Table 2 demonstrates that bulk samples consistently returned much higher gold grades than estimated by smaller volume channel samples collected in previous programs by BCGold Corp. Mining grades calculated for the bulk samples returned gold grades more consistent with historic mining records.

Table 2
Bulk Sample vs. Channel Sample
Gold Grade Comparison

---------------------------------------------------------------------------
Channel Samples
Bulk Sample ---------------------------
Mining Grade Predicted Grade
Bulk Sample (Au g/t) # Samples (Au g/t) % Difference
---------------------------------------------------------------------------
DD Trench 1.2 34(i) 0.95(i) +26%
---------------------------------------------------------------------------
505-2 1.7 2 0.56 +204%
---------------------------------------------------------------------------
505-3A 14.5 1 0.69 +2,001%
---------------------------------------------------------------------------
505-3B 44.6 1 2.37 +1,782%
---------------------------------------------------------------------------
505-5 greater than 3 36.49 N/A
8.5(ii)
---------------------------------------------------------------------------
505-6 4.3 2 1.12 +284%
---------------------------------------------------------------------------

(i) A total of 35 channel samples were collected from two benches of the
Double Decker trench, with one of these samples assaying 979 g/t Au,
as reported on August 16, 2011. The uncut average grade is 27.14 g/t
Au when this high-grade sample is included in the calculation.
(ii) Bulk Sample 505-5 does not include 14 kg of hand specimens with
greater than 5% "wire" gold which were removed prior to crushing at
the gravity separation mill.


BCGold Corp. utilized the on-site gravity separation mill to back calculate the mining grade for the large tonnage bulk samples, incorporating the dilution normally associated with mining. For each of the six composite bulk samples, the contained amount of gold reporting to concentrate was estimated using gravimetric fire assays and/or metallics screen assays. Mill feed, table middlings, and tails samples were collected for gravimetric fire assay at 30 minute intervals to estimate the contained amount of gold reporting to concentrate and to tailings. The mining grade of the bulk samples was calculated by dividing the total contained amount of gold (in grams) by the tonnes milled.

Table 3 lists the tonnes milled, contained gold in concentrate, and the calculated mining grade for each of the six bulk samples. Mill recovery of gold reporting to concentrate averaged 51.3%, with a range of 41.8% to 58.6% for individual bulk samples. The mining grade for individual bulk samples ranged from 1.2 g/t Au to 44.6 g/t Au and averaged 16.9 g/t Au for all tonnes milled.

Table 3
Bulk Sample - Calculated Mining Grade

---------------------------------------------------------------------------
Contained Gold in
Tonnes Concentrate Mill Recovery Mining Grade
Bulk Sample Milled (grams) (%) (Au g/t)
---------------------------------------------------------------------------
DD Trench 9.4 6.7 58.6% 1.2
---------------------------------------------------------------------------
505-2 40.7 38.0 56.5% 1.7
---------------------------------------------------------------------------
505-3A 35.5 244.0 47.5% 14.5
---------------------------------------------------------------------------
505-3B 68.9 1,467.6 47.8% 44.6
---------------------------------------------------------------------------
505-5 69.7 329.5(i) 55.5% greater than
8.5(i)
---------------------------------------------------------------------------
505-6 21.9 39.6 41.8% 4.3
---------------------------------------------------------------------------
Total 246.1 2,125.5 51.3% 16.9
---------------------------------------------------------------------------

(i) Approximately 14 kg of hand specimens with greater than 5% "wire" gold
were removed from Bulk Sample 505-5 prior to crushing at the gravity
separation mill (see December 14, 2011 news release) and is therefore
not reported as contained gold in concentrate.


Discussion of Results

Management believes the Company's 2011 bulk sampling program and subsequent gold grade calculations, which utilized the gravity separation mill as a sampling tool, provides an accurate representation of the mining grade of the veins at Engineer Mine. Smaller volume samples such as channel samples or drill core samples are effective at delineating the veins and discovering new veins but underestimate overall gold grades due to the coarse grained nature and clustered distribution of the gold (the "High-Nugget Effect"). Channel samples and drill core samples are ineffective at determining vein grade and by themselves cannot be used to increase the tonnage or the confidence of the NI 43-101 Inferred Mineral Resource estimate without using larger volume bulk samples.

As the bulk samples are consistently returning mining grades much higher than the grade estimated by smaller volume samples, there is a strong possibility that some of the previously categorized waste material is actually mineralized. Bulk samples 505-3A, 505-3B and 505-6 are all from outside the limits of the currently stated Inferred Mineral Resource. These samples effectively returned bulk sample mining grades of 2001%, 1782%, and 284% respectively, higher than the averaged channel sample grades. Management is encouraged by these results and believes continued bulk sampling while test-milling will be an effective exploration tool for the Engineer Mine vein systems.

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 75% 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. More than 560 kg (18,000 oz) of gold and 278 kg (8,950 oz) 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.

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.'s 2011 exploration and bulk sampling program was Phase I of a 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. In their report Snowden recommends bulk sampling the Double Decker and Engineer Veins to evaluate mining techniques and determine metallurgical characteristics, partially dewater the lower mine workings, evaluate and optimize the 30 tonne per day gravity separation mill circuit, and continue investigating Shear Zone "A" as a bulk tonnage gold target.

About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company focused on copper and gold exploration and development 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. Currently, institutional investors hold 21% of the Company's outstanding shares and Kinross Gold Corporation holds 7%.

On behalf of the Board of Directors,

Brian P. Fowler, P.Geo., President & CEO

Some statements in this news release contain forward-looking information or forward-looking statements. These statements include, but are not limited to, statements with respect to future expenditures 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 and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration, development and production activities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

BCGold Corp.

Corporate Communications

604-697-2403

[e-mail]

www.bcgoldcorp.com



Logo

[LGL8054]

BCGold Corp. Acquires Central Yukon Gold Property


BCGold Corp. (TSX VENTURE:BCG) (or the "Company") is pleased to announce that it has signed an option agreement (the "Agreement") to acquire a 100% interest in the 4,500 ha Off-White Gold property (the "Property") in central Yukon. The Property is an early-stage gold discovery that was identified through BCGold Corp.'s 2011 Yukon generative exploration efforts targeting bulk-tonnage, intrusion-related gold deposits in easily accessed areas of Yukon. The Property is well situated along the Klondike Highway with year-around road access, 8 km west of McQuesten village and 340 km north of Whitehorse, Yukon.

Prospecting and test pitting by Mr. Robert Stirling (the "Vendor") along the banks of the Stewart River in the early 1990s identified placer gold deposits that subsequently produced 455 ounces of gold during a two year period. Recent microscopic studies of the recovered nuggets defined a sizable sub-population of coarse-grained, angular nuggets, which is highly suggestive that a nearby bedrock source exists for a significant component of the gold. The Property was staked over the presumed bedrock source of this coarse gold.

BCGold Corp. believes the source of the gold is related to an underlying, Tombstone-style intrusive-related gold system situated along the margin of the nearby, regional Tintina Fault, and the Property represents an excellent discovery-stage opportunity. The Company plans to conduct an expansive auger-soil geochemical program in 2012 to further delineate the bedrock source of the gold.

Agreement Terms

The Company agrees to make a $47,000 cash payment to the Vendor upon signing the Agreement, and to issue 3,000,000 BCGold Corp. common shares to the Vendor and incur $600,000 in exploration work on the Property, in stages and over a four year option period, to earn a 100% interest in the Property. The Company will issue 150,000 common shares upon signing the Agreement and agrees to incur $75,000 in exploration expenditures and issue an additional 300,000 common shares by the first anniversary of the Agreement.

The Vendor retains a 2% Net Smelter Royalty, which can be reduced to 1% for a $1 million cash payment. The Company agrees to make annual advanced royalty payments of $60,000 commencing on the seventh anniversary of the Agreement.

All terms and conditions of the Agreement are subject to TSX Venture Exchange approval.

[doinit]

this right where it was a year ago, but down a little from 2 years ago

[doinit]

pps has flat-lined ,, co..is.still.alive.and.strong

[doinit]

not a trade since 9/26…,,..very, very quiet

[Diogenes of Sinope]

BCGold Corp. Closes Second Tranche of Private Placement
print
BCGold Corp. (the "Company") (TSX VENTURE:BCG)(PINK SHEETS:BCGOF) is pleased to
announce that it has closed the second tranche of its private placement
previously announced on July 11, 2011. The Company raised an additional $126,080
through the issuance of 500,000 non-flow-through units ("NFT Units") at a price
of $0.10 per NFT Unit and 634,000 flow-through units ("FT Units") at a price of
$0.12 per FT Unit.


Each NFT Unit will consist of one common share and one-half of one common share
purchase warrant. Each whole such warrant will entitle the holder to purchase
one additional non-flow-through common share at a price of $0.20 per share for
one year, expiring September 28, 2012. Each FT Unit will consist of one
flow-through or one BC super flow-through common share and one-half of one
common share purchase warrant. Each whole such warrant will entitle the holder
to purchase one additional non-flow-through common share at a price of $0.30 per
share for one year, expiring September 28, 2012. All securities issued pursuant
to the private placement are subject to a four month hold period expiring
January 29, 2012. This offering was subscribed to by a number of private
investors, including one insider of the Company.


The Company intends to use the proceeds of this private placement for bulk
sampling, test mining and on-site milling, drilling and other exploration work
on the Engineer Mine property in British Columbia; generative copper-gold
exploration in British Columbia and Yukon; and for general working capital
purposes.

[Lyric_Rocks]

Quiet is fine for now since it apears to be a 3 year plan (see below excerpt from August news)

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).

It makes sense for me to accumaulate at least until it takes off.

Good luck to investors!

[Diogenes of Sinope]

BCGold Corp. Announces Changes to Board of Directors

VANCOUVER, BRITISH COLUMBIA, Sep 12, 2011 (MARKETWIRE via COMTEX News Network) --
BCGold Corp. (the "Company") (TSX VENTURE: BCG)(PINK SHEETS: BCGOF) is pleased to announce the appointment of Mr. Wes Roberts, M.Sc., MBA, P.Eng., to the Company's Board of Directors. The addition of Mr. Roberts is a continuance of the Company's corporate development strategy as it moves towards production at the Engineer Gold Mine. Mr. Roberts' appointment, which follows the recent addition of Mr. Darren O'Brien, P.Geo., as Vice President of Exploration, greatly enhances the Company's ability to identify, acquire and advance quality exploration, development and production opportunities.

Mr. Roberts is Vice President of Mining for Heenan Blaikie Global Advisors, an affiliate of Heenan Blaikie LLP. He is a professional mining engineer who specializes in the economic evaluation and development of mineral deposits. Mr. Roberts holds a B.Sc. (Mining Engineering) and M.Sc. (Mining Engineering) from Queen's University, and an MBA (Finance) from the Schulich School of Business. He has more than 25 years of experience in mineral exploration, mining operations, project engineering and management, as well as diverse mining engineering experience. Mr. Roberts has held numerous positions in the mining industry at various companies, including Canada Talc Ltd., Derry Michener Booth & Wahl, Davy International, BLM Bharti Engineering Inc., GMP Capital Inc., Inco Ltd. and most recently at Breakwater Resources Ltd. as Vice President of Corporate Development.

In concurrence with Mr. Roberts' appointment, the Company announces the resignation of Mr. Darren Bahrey from the Board of Directors. Mr. Bahrey has resigned from his position as director to focus on his duties as President of Oro Mining Ltd. Mr. Bahrey was a founding director of the Company and his exploration insights and passion will be sorely missed.

"On behalf of BCGold Corp., I extend a warm welcome to Mr. Roberts," states Brian P. Fowler, P.Geo., President and CEO of the Company. "Mr. Roberts' diverse and exemplary exploration, evaluations, development and mining background compliments BCGold Corp.'s growth strategy in every aspect. On behalf of the Company I also wish to thank Mr. Bahrey for his years of service and dedication. We wish him every success in the future."

GLTA!

[Diogenes of Sinope]

Gold has risen 28.7% this year, compared to a -3.8% loss in the XAU Index

Gold has been rising faster than the price of mining stocks. Here are some statistics to prove this point.

In the 12 months ending August 31, gold has risen 46.5%, but the XAU Index of precious metal mining stocks climbed only 17.7%. By itself, that is a good rate of return for mining stocks, but not what one would expect given gold’s appreciation over this period.

The current year-to-date results are even more telling. Gold has risen 28.7% this year, compared to a -3.8% loss in the XAU Index.

In the last two months, gold has risen 21.7%, while the XAU Index climbed 8.4%. You might notice from these results that the XAU Index is finally starting to show some relative strength compared to its year-to-date results, which is one sign that things may be turning in favor of the mining stocks. Here is another.

The following chart simply measures the difference between the annual rate of change of gold and the XAU Index at each month end. So for example, using the 12-month results ending August 31st reported above, the last point plotted on this chart is 28.8%, which reflects gold’s outperformance over this period.



There is an important message from the above chart. Namely, gold’s relative outperformance compared to the XAU Index has reached a level that in the past has marked important turning points. If we take the period in 2008 relating to the collapse of Lehman Brothers as an unusual exception and not likely to be seen again – or at least not to be seen at the present time – we can conclude that gold’s outperformance has reached an extreme.

It is not uncommon for the XAU Index to underperform gold from time to time, which is clear from the above chart. But just like night follows day, relative valuations and performance turn when they reach an extreme. We appear to be at one of those turning points for gold and the XAU Index.

I expect gold to continue climbing higher. That is after all, its primary trend. But look for the price of the mining stocks to start climbing even more rapidly than gold. The mining stocks are on the runway and ready for take-off.

[whatisthecolorofmone]

buying opportunity here

[Diogenes of Sinope]

News!

BCGold Corp. Closes First Tranche of Private Placement
Date : 08/31/2011 @ 8:45AM
Source : MarketWire Canada
Stock : BCGold Corp. (BCG)
Quote : 0.12 0.0 (0.00%) @ 8:41AM



BCGold Corp. Closes First Tranche of Private Placement
print
BCGold Corp. (TSX VENTURE:BCG)(PINK SHEETS:BCGOF) (the "Company") is pleased to
announce that it has closed the first tranche of its private placement
previously announced on July 11, 2011. The Company has raised $1,472,440 through
the issuance of 2,660,000 of non-flow through units (the "NFT Units") at a price
of $0.10 per NFT Unit and 10,053,663 flow through units (the "FT Units") at a
price of $0.12 per FT Unit.


Each NFT Unit will consist of one common share and one-half of one common share
purchase warrant. Each whole such warrant will entitle the holder to purchase
one additional non-flow-through common share at a price of $0.20 per share for
one year expiring August 31, 2012. Each FT Unit will consist of one flow-through
or one BC super flow-through common share and one-half of one common share
purchase warrant. Each whole such warrant will entitle the holder to purchase
one additional non-flow-through common share at a price of $0.30 per share for
one year expiring August 31, 2012.


This offering was subscribed to by MineralFields Group and a number of private
investors, including two insiders of the Company. Finder's fees were paid on
this portion of the financing in the amount of $45,390 as cash commissions,
333,333 brokers options (the "Brokers Options") and 24,000 broker's warrants
(the "Finder B Warrants"). Each Broker Option entitles the holder to purchase at
a price of $0.12 for a one year period expiring August 31, 2012 one unit
comprised of one common share and one-half of one share purchase warrant
exercisable at a price of $0.30 for a one year period expiring August 31, 2012.
12,000 of the Finder B Warrants will entitle the holder to purchase one common
share at a price of $0.20 and 12,000 of the Finder B Warrants will entitle the
holder to purchase one common share at a price of $0.30, all exercisable for a
period of one year expiring August 31, 2012.


All securities issued pursuant to the private placement are subject to a four
month hold period expiring January 1, 2012.


The Company intends to use the proceeds of the private placement for bulk
sampling, test mining and on-site milling, drilling and other exploration work
on the Engineer Mine Property in British Columbia, generative copper-gold
exploration in British Columbia and Yukon, and for general working capital
purposes.

[hinchback]

Lawrence Roulston: Now is time..."And while most investors are huddling in
fear, managers of the large mining companies
are taking a longer-term view of
the world and sizing up takeover candidates.
As the markets begin to settle
down, there will be a rash of takeovers,
which will propel the valuations of all the
companies that hold quality projects.
Now is the time to get a position."
http://www.resourceopportunities.com/

[shakerzzz]

HUGE $$$$ BUD

[hinchback]

BCGold: Engineer Mine for gold production in September (Petroleum News--August 18, 2011 --- Vol. 05, No. 33 August 2011)

BCGold Corp. Aug. 16 said it is ready to begin gold production this year at its Engineer Mine property in northwestern British Columbia.
Vancouver, B.C.-based BCGold owns a 60 percent interest in the Engineer Mine property, with an option to earn a 100 percent interest. The 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 grams per metric ton gold and 20 g/t silver, 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 meters below surface.

In an update on its current phase 1 exploration and development program, BCGold said two bulk samples have been mined and transported to the mill staging area for processing in September. The first bulk sample of 50 metric ton was sourced by surface trenching the Double Decker Vein where recent assay results have returned up to 979 g/t (28.6 oz/ton) gold. The second bulk sample of 90 metric tons was mined from the Engineer Vein on 5 Level, proximal to a 23-metric-ton sample processed in 1995 that returned a head grade 26.1 g/t (0.76 oz/t) gold.

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 metric tons, will include at least two high-grade remnant pillars from the historic Bonanza Shoot which averaged more than 62 g/t (2 oz/t) gold, according to historic mine records.

BCGold also said refurbishment of the mine’s on-site gravity separation mill is 80 percent complete. About 65 kilograms of concentrated material, recovered while cleaning out the ball mill after a sampling program conducted in 1995, assayed 2,147 g/t (62.6 oz/t) gold and 1,240 g/t (36.2 oz/t) silver.

The current exploration program is phase 1 of a two-phase, three-year, C$10.2 million exploration and development program recommended by Snowden Mining Industry Consultants Ltd. in an April 2011 NI 43-101 technical report for the Engineer Gold Project. The report describes an inferred mineral resource estimate of 41,000 metric tons grading 19.0 g/t gold (including 14,000 metric tons grading 52.5 g/t gold) for the partially-mined Engineer and Double Decker Veins.

“We are pleased with our progress and preliminary results at the Engineer Mine property this year,” said BCGold President and CEO Brian P. Fowler. “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.”

Trenching has successfully exposed a 20-meter 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 centimeters in width, but channel sampling confirmed that the vein can run “bonanza” grade gold. BCGold Corp. geologists removed a 1-meter section of the Double Decker Vein for assay analysis that returned 979 g/t (28.6 oz/t) gold. A rerun of the same sample returned 1,079 g/t (31.5 oz/t) gold.

Each of the five underground bulk samples from the Engineer Vein will range from 50 to 150 metric tons. Underground bulk sample material is transported to surface by rail via the 5-Level portal to a loading station and a 10-metric-ton dump truck. The sample is then trucked 750 meters to the 30-tpd 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 Diester tables.

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 Diester table will be delivered to the site shortly and once installed will enhance the gold recovery circuit.

More than 600 meters 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-meter length of the Boulder Vein, a 40 meter length of the Shaft Vein and a 90-meter length of the Shear “B” mineralized structure, all of which were either exposed or partially developed 120 meters vertically below on 5 Level in the 1920s. The exposed veins have been geologically mapped and channel sampling will be completed by the end of August.

BCGold Corp. also completed a 600 line–kilometer, 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-meter diamond drill program is planned to test these targets early next spring.

The company also consolidated its land position around the Engineer Mine in 2010 by signing an option agreement to acquire a 100 percent interest in the adjacent 2,100-hectare (5,198 acres) Gold Hill property, which includes the Happy Sullivan high-grade gold epithermal prospect and a 2.2-kilometer (1.5 miles) segment of the highly prospective Shear Zone “B” structure.

[whatisthecolorofmone]

Accumulation time

[Lyric_Rocks]

Thanks keep the dialog going.

[whatisthecolorofmone]

Mostly US investors buying in Canadian Exchange

Canada symbol: BCG

[whatisthecolorofmone]

do you mean

http://www.reuters.com/finance/stocks/BCG.V/key-developments/article/2361419

or

http://tmx.quotemedia.com/financials.php?qm_symbol=BCG

They are full reporting company in Canadian exchange

[Lyric_Rocks]

Looks like this stock could use some buzz. Any chance they put out some financials?

[shakerzzz]

sweet nfo > thankzzz

[hinchback]

Lets do some math: BCG has 14,000 tons grade 51 gpt. That means we have the potential to achieve roughly 1300-1500 oz of gold per month. At $2500 an ounce because we all know the economy is not poised to correct itself in 2012. Come spring 2012 BCG could be reporting 3.25-3.75 million in monthly gross earnings. By the end of first 12 months production BCG is poised to earn 39,000,000 gross assuming $2500 gold. The company has lots of information and confidence that these tons and grades can be obtained. This isn't a matter of if, just a matter of when and the when appears to be September. If the company feels as though it can push the drill program to next year, that means they are confident with what they have seen with this program and do not see the need to drill the bulk zone while the concentration is put forth to ramp up production. It would not surprise me to see the 1500m drilling program expanded with the infusion of non diluting capital BCG stands to earn in spring 2012.

Based on these forward looking statements BCG is significantly under priced at a 9 million dollar market cap. Century mining is a small scale producer. They have gold procution next quarter expected to be 8,000oz. They have a market cap of 125 mil. BCG at 30 tpd will be producing 4,000-4,500oz per quarter. To me that means BCG is still undervalued by several hundred percent. CMM was also worth as much as 360 million in 2011 and that was when gold was making its move through 1500. Now its 1850! So is CMM undervalued because they aren't solvent but have ounces? BCG doesn't have the ounces but they are verrrry profitable.

BCG did the first resource estimate strategically in my view. They mapped the mined out sections of Engineer and Double decker which 90% of the ore has been mined and thats why there is only 14,000 tons of bonanza grade left. The Boulder, Shaft, Governer and Shear B will add likely 100,000-250,000 tons of material because they are 95% untouched, also I was told the Jersey lily looks very promising for the future as well. I venture to guess based on historic numbers these areas will average in the 1 oz per ton range (give or take 10 grams going either way). Could you imagine a NR that says BCG increases resources at Engineer mine by 1000%. That would be 250,000ozs If the company has this many tons left in the underground.

I think the company will announce plans in the fall for construction of a shop around the mill or perhaps a new mill would be built and a shop all together to ramp up production in 2012?? That mill we already have can pay back in three days the refurb costs we just spent. So I have zero issues if BCG wants to put in a 100-300tpd mill in for mid 2012 production. If BCG makes announcements like this, then the stock will react ferociously in a good way! Remember they have long term plans of discovering a bulk tonneage open pitable resource so doing a little construction doesn't sound like a bad idea. Just because you install a 300 tpd mill doesn't mean you need to use the entire capacity. Also dumps could be set up for other companies in the area looking to mine and mill product (Blind creek and Eagle Plains are in the area). The company could get earnings from the mill this way. How much is a mining permit worth these days, we have one. Meaning no long delays just point and shoot!

Considering these short term expections.... What should our market cap be on our way to? The PP should close this week. I still think based on what we know right now 25-40 million is a reasonable valuation for this soon to be gold producer.

BCGold Corp. Announces Trench Assays Up to 979 g/t Gold and Prepares to Commence Milling at Engineer Gold Mine
8/16/2011 5:12:46 PM - Market Wire

[hinchback]

from other board

I can answer your questions about cost per ton very easily.

BCG announced an inferred resource and mining estimate earlier this year. They proposed a 3 year project which includes, exploration, rehabilitation and mining of the known 14,000t of 51 gpt gold outlined in the estimate utilizing the 30 ton per day mill on site.

The estimated costs are slated at 10.2 million to remove the 14,000t as well as complete further exploration to increase mineral reserves. If you want to have a look the exact way the cash is to be spent is on the website in the technical report.

25,000 x 2000 (price of gold) = 50,000,000 net of planned mining and exploration costs for the next 3 years = 39.8 million net revenues for BCG. Dived that into 8 is roughly 5 million in net earnings per quarter for the 2 years BCG plans to be in full time production. (Mill can actually do 25,000tons per year but I expect winter shut down for 3-5 months). I do not know the exact cost per ton because the company lumped in exploration costs as well. But even based on including the exploration expense the cost per ton is slated at $400 per ounce.

Here are some numbers from historic mining that has taken place at the Engineer mine over the years. NK = Not Known. All of these grades are taken from the Engineer vein. The reason it is significant is because of the high grades initially. You will notice a part of the companies redevelopment plans is to remove the historic pillars and mine out the historic ore from behind the pillars which has never been touched historically. There is probably 35-50 or more historic pillars to be removed. The company is sourcing two of these high grade historic areas for there bulk sampling of the Engineer vein which is expected to be complete this month.

Location Type Refrence/Source Tonnes Grade

NK NK Daughtry(1975) 127 94.8
NK NK Daughtry(1975) 272 143.8
505-2R Raise Brinker(1925) 32 244.2
401-1 Stope Brinker(1925) 36 348.8
NK NK Bringer(1925) 367 73.1
NK NK Daughtry(1975) 1542 36.6
3,5 & 7L Stope Brinker(1926) 42 29.4
3,5 & 7L Stope Brinker(1926) 41 28.5
NK NK Brinker(1927) 1374 16.6
NK Drive Brinker(1927) 220 15.6
505-1 Stope Davidson(1998) 122 12.8
505-2S Stope Davidson(1998) 23 25.9
505-3 Stope Davidson(1998) 9 18.4

Now here are some historic bulk samples from other veins on the property.

Boulder 524-2 27t 32.5 gpt
Boulder 530-1 75t 11.9 gpt


20.1.2 Other veins
The recent enlargement of the property by the optioning of the claims from Guardsmen Resources will necessitate a compilation of all data relevant to the new claims. In the field, establishment of a grid and a programme of geological mapping, rock sampling and hand auger soil sampling are recommended. Soil sampling appears to have worked in at least two previous programmes in the history of the property. This work could be done in conjunction with a soil auger survey over the area between Shear Zones A and B, and north of 5 Level looking for faulted-off Double Decker and Engineer vein extensions.
Substantial drilling (4,500 m) is warranted on Shear Zone A to gain a better picture of the geology and likely tenor of the structure at depth and along strike.
Immediate underground targets include the Shaft and Boulder-Governor veins. Elsewhere, Hubs A and B are good surface drilling targets.



Gold is 1900 an ounce. It might be 2000 by the end of this week. This company knows where the high grade is in the mine. In order to provide resounding confidence for full time mining the company will need to bring out some good numbers in these tests. Based on the numbers I have provided from historic as well as our channel, grab and drilling there should be no lack in confidence that this will not be completed. It will. I have a feeling we will get a few tons that grade very high (1000gpt+) and we will get some they will average bellow 10gpt. However in the end if they average 2oz per ton + then we will be laughinggggggggggg all the way to the bank!!!

[whatisthecolorofmone]

at least some action today

[Diogenes of Sinope]

http://aheadoftheherd.com/Newsletter/2011/Majors-Rediscovering-British-Columbia.html

[doinit]

low volume on Friday,, that will change

[doinit]

BCGold.Corp.Announces.Trench.Assays.Up.to.979.g/t.Gold.and.Prepares to Commence Milling at Engineer Gold Mine

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).

[Diogenes of Sinope]

From another poster (elsewhere) once again:

Lets do some math

BCG has 14,000 tons grade 51 gpt. That means we have the potential to achieve roughly 1300-1500 oz of gold per month. At $2500 an ounce because we all know the economy is not poised to correct itself in 2012. Come spring 2012 BCG could be reporting 3.25-3.75 million in monthly gross earnings. By the end of first 12 months production BCG is poised to earn 39,000,000 gross assuming $2500 gold. The company has lots of information and confidence that these tons and grades can be obtained. This isn't a matter of if, just a matter of when and the when appears to be September. If the company feels as though it can push the drill program to next year, that means they are confident with what they have seen with this program and do not see the need to drill the bulk zone while the concentration is put forth to ramp up production. It would not surprise me to see the 1500m drilling program expanded with the infusion of non diluting capital BCG stands to earn in spring 2012.

Based on these forward looking statements BCG is significantly under priced at a 9 million dollar market cap. Century mining is a small scale producer. They have gold procution next quarter expected to be 8,000oz. They have a market cap of 125 mil. BCG at 30 tpd will be producing 4,000-4,500oz per quarter. To me that means BCG is still undervalued by several hundred percent. CMM was also worth as much as 360 million in 2011 and that was when gold was making its move through 1500. Now its 1850! So is CMM undervalued because they aren't solvent but have ounces? BCG doesn't have the ounces but they are verrrry profitable.

BCG did the first resource estimate strategically in my view. They mapped the mined out sections of Engineer and Double decker which 90% of the ore has been mined and thats why there is only 14,000 tons of bonanza grade left. The Boulder, Shaft, Governer and Shear B will add likely 100,000-250,000 tons of material because they are 95% untouched, also I was told the Jersey lily looks very promising for the future as well. I venture to guess based on historic numbers these areas will average in the 1 oz per ton range (give or take 10 grams going either way). Could you imagine a NR that says BCG increases resources at Engineer mine by 1000%. That would be 250,000ozs If the company has this many tons left in the underground.

I think the company will announce plans in the fall for construction of a shop around the mill or perhaps a new mill would be built and a shop all together to ramp up production in 2012?? That mill we already have can pay back in three days the refurb costs we just spent. So I have zero issues if BCG wants to put in a 100-300tpd mill in for mid 2012 production. If BCG makes announcements like this, then the stock will react ferociously in a good way! Remember they have long term plans of discovering a bulk tonneage open pitable resource so doing a little construction doesn't sound like a bad idea. Just because you install a 300 tpd mill doesn't mean you need to use the entire capacity. Also dumps could be set up for other companies in the area looking to mine and mill product (Blind creek and Eagle Plains are in the area). The company could get earnings from the mill this way. How much is a mining permit worth these days, we have one. Meaning no long delays just point and shoot!

Considering these short term expections.... What should our market cap be on our way to? The PP should close this week. I still think based on what we know right now 25-40 million is a reasonable valuation for this soon to be gold producer.

BCGold Corp. Announces Trench Assays Up to 979 g/t Gold and Prepares to Commence Milling at Engineer Gold Mine
8/16/2011 5:12:46 PM - Market Wire

[whatisthecolorofmone]

slowly getting noticed

[Captain Black Bob Blanco]

BCG Volume traded 453800 shares so far today

last trade 1950 shares @ .13 (My buy)

currency CAD high 0.14 low 0.12