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:
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
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 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
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