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bcgold corp (BCG) Snapshot

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02/18/14 - C$0.06
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bcgold corp (BCG) Details

BCGold Corp., an exploration stage company, engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. It primarily holds a 75% interest in the Engineer Mine property comprising 2,200 hectares situated to the west of Atlin, British Columbia; and a 100% interest in the Minto/Carmacks copper-gold properties covering 15,925 hectares located to the northwest of Whitehorse, Yukon. BCGold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

bcgold corp (BCG) Top Compensated Officers

Founder, Chief Executive Officer, President, ...
Total Annual Compensation: C$175.0K
Total Annual Compensation: C$83.7K
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2014.

bcgold corp (BCG) Key Developments

BCGold Corp., Annual General Meeting, Dec 19, 2014

BCGold Corp., Annual General Meeting, Dec 19, 2014., at 10:00 Pacific Standard Time. Location: Suite 520, 800 Pender Street. Agenda: To receive and consider the audited financial statements of the company for the year ended February 28, 2014 together with the auditor's report thereon; to appoint De Visser Gray LLP, Chartered Accountants, as auditor of the company for the ensuing year and authorize the directors to approve the remuneration to be paid to the auditor; to set the number of directors for the ensuing year at three; to elect directors for the ensuing year; to ratify and approve the company's stock option plan; and to transact such other business as may properly come before the meeting.

BCGold Corp. Signs USD 1.7 Million Term Sheet to Produce Gold Concentrate At Engineer Mine Property

BCGold Corp. announced that it has signed a non-binding term sheet for a USD 1.7 million gold streaming agreement with an established precious metals streaming company. The Investment, subject to a 30 day due diligence period and TSX approval, will be in the form of a Metals Purchase Agreement whereby, the investor has the right to purchase 30% of the first 10,000 ounces of gold and silver, and 5% of the gold and silver respectively thereafter produced at the company’s engineer mine annually, at a fixed price per ounce of USD 400, for the life of the engineer mine project, as currently defined. The gold prepayment is conditional upon the company raising a minimum of USD 300,000 by way of equity financing. Subject to satisfactory legal and technical due diligence, the entry into of a definitive agreement, and the completion of conditions to be contained in the definitive agreement, the USD 1.7 million Metal Purchase Agreement is targeted to close by August 15th, 2014. Immediately thereafter, mine and mill equipment will be purchased and mobilized to site. Work crews will complete all necessary mine and mill upgrades and limited mining and milling will be conducted in September and October of this year. Mining and milling operations will be suspended due to winter conditions at the end of October and resumed in March, 2015.

BCGold Corp. Receives Preliminary Research Report on Mineralogy of Bonanza-Grade Gold Veins at its 100% Owned Historic Engineer Mine Property

BCGold Corp. announced that it has received a preliminary research report on the mineralogy of the bonanza-grade gold veins at its 100% owned historic Engineer Mine property from Dr. Leo J. Millonig, a postdoctoral fellow working with Earth Science professors Dr. Lee Groat (University of British Columbia) and Dr. Robert Linnen (University of Western Ontario). The objective of Mr. Millonig's research is to elucidate the origin of the Engineer veins; his report focuses specifically on their mineralogy, texture and isotopic make-up. The findings confirm and expand upon previous observations. For the first time BCGold geologists have a fundamental framework and constraints for high-grade gold deposition at Engineer Mine. The results of this study have important implications to the exploration potential for additional bonanza-grade gold veins and breccia-hosted bulk-tonnage gold at Engineer Mine. The Company is reviewing Dr. Millonig's results and is formulating plans, subject to financing, to drill test the recently defined, possible intrusive core of the Engineer Mine epithermal gold system. Dr. Millonig's report is the culmination of a $75,000 Mitacs-Accelerate research internship program, partially funded and previously announced by BCGold (July 9, 2012). Dr. Millonig is preparing two papers to be published in scientific journals.


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