Alaska Pacific Energy Corp Acquires Eighty Percent (80%) Interest from BCT Mining Corp, in a Gold Property

CARLSBAD Calif., Dec. 5, 2011 /PRNewswire/ -- Alaska Pacific Energy Corp (OTCQB: ASKE.PK)

This company has currently acquired an 80% interest in a primary mining and prospecting license, by way of an option agreement, which property is located in the Lillooet Mining Division in the province of British Columbia, Canada.

There are 4 main BCT pilot gold claims equalling 550.43 hectares. Gold and Silver values are continuous along this structure for 300 metres northwest. A chip sample taken over 0.9 metres assayed 11.1 grams per tonne gold and 56.9 grams per tonne silver.

Lillooet is a community on the Fraser River in western Canada, about 150 miles from Vancouver. The town had its start as one of the main centres of the Fraser Canyon Gold Rush of 1858–59, during which it was reckoned to be "the largest town west of Chicago and north of San Francisco."

The first stretch of Main Street at one time was called "the Golden Mile" partly because of all the gold dust reputed to be scattered along it in its heyday, and also because it was the hub of supply for the surrounding goldfields.

Gold mining and prospecting continues in the area to this day, as do prospects for copper, silver and nephrite jade, though not to the same extent. 

The Golden Cache Mine located on Cayoosh Creek just West of Lillooet was believed to hold one of the richest ore bodies of gold in the world that started a local prospecting boom with various miners and companies continuing the search for rich veins around the region.

Jim King CEO of Alaska Pacific Energy states, "we believe it is in the right market at the right time, and hopes to create shareholder value with their mining exploration efforts."

GOLD THROUGH THE YEARS.....

* In March 2008, the gold price exceeded US$1,000, achieving a nominal high of US$1,004.38.

* Pricing soon resumed on upward momentum by temporarily breaking the US$1000 barrier again in late February 2009

* In October, gold successively hit new highs at $1226

* On August 22, 2011 gold reached a new record high of $1908.00

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SOURCE Alaska Pacific Energy Corp