11-Jul-2015
BCGold Corp. Sells Mt. Milligan Area Property to Thompson Creek Metals
Vancouver, British Columbia, July 10, 2015 (TSX-V:BCG) - BCGold Corp. (or the "Company")
announces that the Company has sold its 100% owned Rainbow Property, situated 3 kilometres south of
Thompson Creek Metals Company Inc.'s (or "TCMC") Mt. Milligan copper-gold mine, to Terrane
Metals Corp. (or "TMC"), a 100% owned subsidiary of TCMC.
BCGold has sold the 926 hectare Rainbow Property to TMC for $35,000. The Company retains a 2.5%
NSR on the Rainbow Property, which may be purchased by TMC at any time for $250,000.
The Rainbow Property is an early-stage copper-gold property that was acquired through BCGold's
generative efforts in 2006. Over the years, BCGold has advanced the property through a series of
prospecting, soil-geochemical and geological mapping and sampling programs. A number of unexplained
copper-gold and copper-in-soil anomalies have been defined by this work.
About BCGold
BCGold is a Vancouver-based junior resource company focused on copper and gold exploration in underexplored, historic and emerging mining districts in British Columbia and Yukon. The Company acquires and develops conceptual, early and mid-stage exploration opportunities and advances them towards resource development.
BCGold's primary gold asset is the 100% owned, historic high-grade gold Engineer Mine property, situated 32 km southwest of Atlin, B.C. At Engineer Mine, the Company is uniquely positioned and fully permitted for small-scale mining and on-site milling. In 2011 the Company successfully mined and milled 246 tonnes of vein material from the Engineer Vein on Level 5 and produced and monetized 800 kg of gravity concentrate for a return of $US107,000. This bulk sampling program identified 2 accessible high grade gold exploration targets on the Engineer Vein between 5 and 8 Levels. Subsequent mine dewatering, geological mapping and panel sampling in 2012 confirmed the existence of these two exploration targets on 6 and 7 Levels, and re-established a third that was cut off by a dyke on 5 Level.
BCGold is seeking a qualified investor and partner to invest up to $2.0 million into the Engineer Mine
Project, by way of earn-in, secured convertible debentures, debt, royalty or streaming arrangement (or
combination thereof), over a 3 year period, to provide for seasonal mining and on-site milling of up to
15,000 tonnes of mineralized material from the Engineer Vein, and the production of between 7,000 to
10,500 ounces of gold in concentrate.* The Company continues to aggressively market this opportunity
and remains highly encouraged by the number of expressions of interest. With the current US currency
exchange rate and fuel prices, small, high-grade gold mines in Canada, such as Engineer Mine, continue
to represent excellent investment opportunities.
*Readers are cautioned that the Company has not completed a pre-feasibility or feasibility study which establishes mineral reserves with demonstrated economic and technical viability. Further, the Company cautions readers that any potential production may not be economically feasible and historically projects taken to production without establishing reserves through a feasibility study have a much higher risk of economic or technical failure.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo.
President & CEO
For further information, please contact:
Brian P. Fowler
Tel: 604-697-2401
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information or forward-looking statements. These statements include, but are not limited to, statements with respect to future expenditures and exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration, development and production activities. The Company expressly disclaims any intention or obligation to update or revise any forwardlooking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.