VANCOUVER, BRITISH COLUMBIA, Jun. 14, 2010 (Marketwire) -- BCGold Corp. (or the "Company") (TSX VENTURE:BCG) is pleased to announce that underground diamond drilling has commenced at the Company's historic high-grade gold Engineer Mine property, situated 32 kilometres west of Atlin, B.C.
Phase I drilling will entail up to 1,000 metres in 6 holes, targeting high-grade extensions defined by historic and recent sampling of the Engineer and Double Decker gold veins between the fifth and eighth levels of the mine. BCGold Corp. recently reported channel sample results averaging up to 794 grams/tonne (g/t) gold and 642 g/t silver over 0.5 metres from the Engineer Vein and 538 g/t gold and 299 g/t silver over 0.48 metres from the Double Decker Vein (see BCGold Corp. news release March 3, 2010). The samples were extracted from accessible vein exposures on the fifth level of the mine.
The objective of Phase I drilling is to confirm that high-grade gold shoots persist at depth and to substantiate a more extensive Phase II drill program directed at upgrading and increasing the current potential mineral target of 100,000 - 150,000 tonnes averaging 8 - 12 g/t gold, containing 26,000 - 57,000 ounces gold, to NI 43-101 standards.
The above target is conceptual in nature and based on a 3-D Vulcan(TM) model developed by BCGold Corp. that incorporates historic geological maps and sections, chip samples and production records. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in this target being delineated as a mineral resource. (See BCGold Corp. news release March 18, 2009)
Mr. Bruce Coates, P.Geo., the Qualified Person for the purposes of National Instrument 43-101, has reviewed the technical content of this news release.
About the Engineer Mine Property
BCGold Corp. has an option to earn 100% interest in the Engineer Mine Property.
Engineer Mine was a high-grade gold producer that peaked in the mid-1920s and ceased production in the early 1930s, primarily due to water ingress issues. There are more than 25 known veins on the property; 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.
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.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo., President & CEO