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Saturday 11th of February 2012
Friday, May 30, 2008

BcGold to drill shear zone “A” bulk Tonnage Gold target

BcGold to drill shear zone “A” bulk Tonnage Gold target

BCGold Corp. intends to conduct a $1.2 million surface and underground exploration program on the historic Engineer Mine Property near Atlin, British Columbia.

The staged work program, commencing mid-June 2008, will encompass an initial 1,700 metre phase of diamond drilling, and will target the near-surface Shear Zone “A” bulk-tonnage gold target.

Phase I exploration will also include underground geological mapping and channel sampling and limited bulk sampling on Engineer Mine’s high-grade gold Shaft and Boulder veins.

Proposed Phase II work will entail additional diamond drilling, dewatering of the bottom 3 levels of the mine, rehabilitation and additional mapping and sampling.

While the exploration potential for more high-grade gold and silver in veins at Engineer Mine Property is excellent, BCGold will focus exploration efforts towards defining a larger bulk-tonnage gold deposit (2 – 5Mt @ 5 – 10 g/t Au) on Shear Zone “A”.

This potential quantity is conceptual in nature. There has been insufficient exploration to define a mineral resource on Shear Zone “A” and it is uncertain that further exploration will result in this target being delineated as a mineral resource.

The basis for this potential quantity is predicated upon historical reference to a series of chip samples from Shear Zone “A” taken from a 45 metre crosscut on the 8th Level, the deepest mine level, that averaged 5.1 g/t Au.

The sampling was conducted in the early 1930s and was never followed up. At that time the prevailing gold price was $21 per ounce and bulk tonnage mineralization of that gold grade was not economic to mine.

In the present gold price climate however, such width and gold grade is suggestive of the presence of a potentially economic gold resource.

BCGold has an option to earn 100% interest in the Engineer Mine Property with no underlying royalties.

 


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