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Update: BCGold Jumps Out of Gate After Starting Milling at Engineer Mine

BCGold Corp. (BCG.V) is up as much as 44% this morning, adding 4 cents to trade at 13 cents a share after saying it is ready to begin milling at its Engineer Mine property in northwestern British Columbia after mining two bulk samples and transporting them to the mill staging area.

One sample weighs in at 50 tons and was obtained by surface trenching in the Double Decker Vein where recent assays returned up to 979 grams (28.6 oz.) of gold per ton of ore. A second sample weighing 90 tons was mined from the Engineer Vein at the same level where previous bulk sample yielded grades of 26.1 grams (0.76 oz.) per ton.

BCGold plans to process five samples from the Engineer vein. The Engineer mine previously operated between the mid-1920s through the early 1930s, producing over 560 kilograms of gold and 278 kilograms of silver.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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