BCGold Corp. Stakes More Porphyry Copper-Gold Properties in South Central British Columbia
VANCOUVER, BRITISH COLUMBIA, Nov 16, 2010 (MARKETWIRE via COMTEX News Network) --
BCGold Corp. (TSX VENTURE: BCG)(PINK SHEETS: BCGOF) (or the "Company") is pleased to announce that it has staked three more properties in South Central B.C. that target blind porphyry copper-gold deposits similar in style to the Afton-Ajax and Mount Polley deposits. These properties lie south of the four properties staked by the Company and announced last month (see BCGold Corp. news release October 6, 2010). All seven properties lie in the poorly exposed and highly prospective south central Quesnel Terrane region.
The three new properties (4,289 hectares), named the Lauder Creek, Dartt Lake and Clear Range properties, are road accessible and situated in an east-west band 22 kilometres north of Merritt, spanning from 15 kilometres north of Lytton, eastward to Douglas Lake. The properties are located over anomalous drainage basins interpreted from new stream sediment geochemical results, which are in proximity to coincidental gravity and magnetic geophysical anomalies. BCGold Corp. management believes these anomalous zones may be related to concealed porphyry copper-gold hydrothermal systems.
BCGold Corp. recognized these anomalies as prime porphyry copper-gold exploration targets during a review of data collected and recently published by Geoscience BC's QUEST-South Project. The data reviewed by the Company pertain to a recently commissioned airborne gravity geophysical survey of B.C.'s southern interior and the reanalysis of some 9,000 archived and new infill regional geochemical samples.
A significant component of BCGold Corp.'s South Quesnel generative exploration strategy was to screen the recent releases of Geoscience BC QUEST-South geophysical and geochemical data files and aggressively stake open watersheds with anomalous silt sample copper values and geophysical signatures.
Plans for Exploration
Field crews have recently completed reconnaissance mobile metal ion (MMI(TM)) soil surveys on each property. Properties with copper and gold MMI(TM) anomalies will be followed up by infill geochemical and geophysical surveys in 2011 to define targets for subsequent drill testing.
About Geoscience BC/the QUEST-South Project
Geoscience BC is a not-for-profit organization working with a variety of groups, including industry and government, to fund applied geoscience projects. The QUEST-South Project is part of Geoscience BC's QUEST Project, which was initiated in 2007 to attract mineral exploration to an under-explored region of the Quesnel Terrane. The region has excellent potential for copper and gold porphyry deposits, but is extensively covered by blankets of post mineralization Tertiary volcanic flows and thick layers of glacial sand and gravel deposits.
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
