Location:
Canada, British Columbia
Nearest Landmark:
ATLIN
Distance from Landmark:
32 km
Direction from Landmark:
West
Latitude:
59 Degrees 34 Minutes (North)
Longitude:
134 Degrees 16 Minutes (West)
BCGold announce it has received a bulk sampling technical report the historic Engineer Mine Property, situated 32 kilometres west of Atlin, British Columbia. A bulk sampling program would provide a sound basis for an underground definition drill program, a NI 43-101 compliant Mineral Resource estimate and possibly future trial mining. The objective of a bulk sampling program is to validate gold grade and its continuity in the Double Decker and Engineer Veins between the 5 and 8 Levels, which are currently flooded and partially mined. Both veins remain open along strike and at depth.
BCGold announces that pursuant to the Engineer Mine Property Agreement, Amendment No.2, the Company has elected not to proceed with de-watering the lowermost mine workings at this time. The decision not to dewater at this time was based primarily on the expense and unknowns associated with dewatering and rehabilitating long-since abandoned mine workings.
Announced drill results. 7 holes (1,846 metres) were drilled, targeting a 400 metre long segment of Shear Zone “A” for low-grade, bulk tonnage gold mineralization. Drilling confirmed that Shear Zone “A” is a major structural feature that hosts significant widths of hydrothermal breccia with low grade gold and silver values. Highlights include: hole BCGE-08-02: 20.1 m @ 0.48 g/t Au and hole BCGE-08-07: 34.0 m @ 0.45 g/t Au.