Oct 7 2010
BCGold Corp. (TSX VENTURE:BCG) is pleased to announce that it has staked four properties in Central B.C., targeting blind porphyry copper-gold deposits similar in style to the Afton-Ajax and Mount Polley copper-gold deposits.
The four properties (5,330 hectares), named the Hihium Lakes (North and South), Bonaparte and Rayfield properties, are road accessible and centred some 80 kilometres north-northwest of Kamloops, B.C. The properties are strategically located over coincidental geochemical and geophysical anomalies believed to represent concealed porphyry copper-gold hydrothermal systems associated with the composite Late Triassic-Early Jurassic Thuya Batholith.
BCGold Corp. recognized these anomalies as prime porphyry copper-gold exploration targets during a review of data collected and published by Geoscience BC's QUEST-South Project. The data reviewed by the Company pertain to recently commissioned airborne magnetic and high-resolution gravity geophysical surveys of B.C.'s southern interior and the reanalysis of some 9,000 archived regional geochemical samples.
BCGold Corp. crews recently completed a preliminary assessment and follow-up silt sampling program on all four properties. Results have been used to focus reconnaissance mobile metal ion (MMI™) soil surveys on each property, which are scheduled to be completed this month by Geotronics Surveys Ltd. of Surrey B.C.
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 covered by extensive blankets of post mineralization Tertiary volcanic flows and thick layers of glacial sand and gravel deposits.