BCGold Corp. Discovers Evidence for Large Copper Porphyry-Type Mineralized System at Pucacorral

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 15, 2016) - BCGold Corp. (TSX VENTURE:BCG) ("BCGold" or the "Company") is pleased to announce the completion of Phase I exploration and the discovery of a broad area of porphyry intrusive and copper porphyry-style mineralization at its 100%-owned Pucacorral Project in Central Peru.

Pucacorral is located approximately 90 kilometres east of Lima in the Miocene Central Peru Porphyry Copper Belt, known to host numerous, very large porphyry deposits that collectively contain more than 10 billion tonnes of mineral resources. The property shares geological similarities with Chinalco's Toromocho copper-molybdenum-silver mine, reported to contain 1.53 billion tonnes averaging 0.5% copper (www.chinalco.com.pe/en/operations), located 30 kilometres to the north, and is 15 kilometres south of Nyrstar's 600 tpd bio-leach facility and Coricancha mine. Pucacorral lies within the same regional cluster of copper porphyries that includes the Codicada and recently discovered Ticlio porphyry.

Pucacorral is centred on the historic San Mateo mine developed in the late 1960's by Minera San Mateo, a small Peruvian miner focused on exploiting base metal veins and breccias. Two main veins at San Mateo mine, Lourdes and Gianella, and one lesser vein WSW of the mine named Sairita, were partially mined. Mine workings include nearly 800 metres of drifts and over 130 metres of shafts. The concept of copper porphyry mineralization was mostly unknown and not the target of past exploration in the area.

BCGold's Phase I exploration program was tremendously successful as results confirm the presence of a potentially large porphyry system at Pucacorral, with an areal exposure measuring at least 1.5 kilometre x 1.5 kilometre, comprised of hydrothermally altered porphyry, breccias and wall rock. The porphyry discovery occurs within 30 metres of the entrance to the lower two levels of the Lourdes vein and approximately 70 metres into the lower adit on the Sairita vein, where it is open-ended.

While a significant portion of the veins and breccias in mine workings have already been mapped, approximately one-third remain largely unmapped and almost all remain unmapped on the surface. Upon receipt of confirmatory assays, BCGold plans to continue geological mapping and sampling, on both surface and underground, and undertake a geophysical survey designed to enhance drill targeting for both vein-type breccia occurrences and the underlying mineralized porphyry at Pucacorral.