BCGold Corp.'s Engineer Mine Bulk Sample Concentrate
Averages 2,193.1 g/t (64.0 oz/ton) Gold
14:50 EST Monday, February 27, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2012) -
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).
Link to News:
http://finance.yahoo.com/news/BCGold-Corp-Engineer-Mine-ccn-1185992346.html?x=0