BCD you say? Somewhere there's a COBOL programmer (who saved the world back in 1999) tanned, rested, and ready to restore this tape!
The only remaining question is, when can you start?
In the mainframe example, JCL tweaks could let you bypass any automatic label processing and get directly to the files if they are intact.
[EDIT]: I didn't see the part about "severe mould" initially; I think that would make recovery a non-starter.