July 22, 2010 (pdf version) – BCGold Corp. (or the “Company”) and Kestrel Gold Inc. (TSX-V: KGC) are pleased to announce the commencement of a drill program on the Toe Property, situated seven kilometres northwest of and along trend with Capstone Mining Corp.’s Minto Mine, in Yukon. An 800 metre diamond drill program, operated by BCGold Corp., will test up to four Minto-type, coincidental geochemical and geophysical anomalies for near-surface copper-gold mineralization.

The $350,000 drill program will be funded by Kestrel Gold Inc. as part of the first year’s commitments under its property option agreement with BCGold Corp. By the terms of the agreement, Kestrel Gold Inc. can earn up to a 70% interest in BCGold Corp.’s 100% owned Toe Property over a four year period (see Toe Property Option Agreement below for more details).

BCGold Corp.’s Previous Exploration on the Toe Property

Over the last three years, BCGold Corp. spent more than $160,000 advancing the Toe Property by conducting various exploration programs: an airborne magnetic and radiometric geophysical survey over the entire property, a mobile metal ion (MMITM) soil survey covering approximately 15% of the property, a 15 line kilometre induced polarization (IP) survey, geological mapping, prospecting and sampling. This exploration work delineated a number of copper ± gold MMITM soil anomalies and coincidental chargeability and resistivity highs, with a favourable magnetic and radiometric geophysical signature, across the Toe Property and directly along trend from the high-grade copper-gold Minto Mine.

BCGold Corp.’s Minto/Carmacks Copper-Gold Properties

The 1,600 hectare Toe Property is one of BCGold Corp.’s 17, one hundred percent owned, Minto/Carmacks Copper-Gold Properties (16,985 hectares) in Yukon. The Minto/Carmacks Copper-Gold Properties are strategically located proximal and adjacent to Capstone Mining Corp.’s Minto Mine and Western Copper Corp.’s Carmacks Copper Project, which is in the advanced permitting stage and situated 42 kilometres south of Minto Mine. All of the Company’s Minto/Carmacks properties were staked over areas with certain geological, geochemical and geophysical characteristics known to indicate near surface, high-grade copper-gold mineralization in the district.

BCGold Corp. is the largest land holder in the Carmacks Copper-Gold Belt. The Company has spent approximately $3.6 million in exploration on the Minto/Carmacks Copper-Gold Properties over the past three years and has advanced seven of the properties to the drill-ready stage. Three of these properties are scheduled for drill testing in 2010.
Source: http://www.bcgoldcorp.com/main/?newsReleases&82