$BGADF - Very good progress update detailing the h
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Posted On: 05/12/2021 12:21:41 PM
$BGADF - Very good progress update detailing the high promise of the company's Picachos gold-silver-copper project in Mexico. This is looking like it will be a significant payoff as project development continues.
Brigadier Completes Phase One Exploration at Picachos With Multiple Follow-up Drill Targets Assays Pending for Prospective El Placer Norte Target where sampling returned up to 12.79 g/t Gold
VANCOUVER, BC / ACCESSWIRE / May 11, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier"
(TSXV:BRG)(FSE:B7LM)(OTC PINK:BGADF) is pleased to provide a summary of the recently completed phase-one exploration program at it Picachos gold-silver-copper project Sinaloa, Mexico (the "Picachos Project", "Picachos" or the "Property" . In total 5057 metres of diamond drill was completed in 50-holes across eleven different prospects on the Property, most of which were never previously drill tested. Remaining assays are anticipated to be received in June.
Phase-one Drilling Highlights:
San Agustín past-producing gold mine with a principal result of 7.45 g/t gold and 51 g/t silver across 7 metres in DH-BRG-001. Significant widths and grades were intercepted in several holes from San Agustín.
San Antoñio historic gold-copper mine with 12.62 g/t gold and 78 g/t silver with 4.5% copper across 0.8 metres in DH-BRG-026.
La Gloria historic gold mine with values of 10.65 g/t gold across 1 metre in a larger interval of 2.29 g/t gold across 8 metres in DH-BRG-028.
Rob Birmingham, President & CEO, comments, "With Picachos' first ever diamond drill program concluded, Brigadier now has a robust dataset from which to plan the next phase of exploration. Over the course of the last eight months, exploration efforts have produced several high priority targets which the Company intends to follow up on, including a copper and base metals porphyry on the North end of the Picachos Project. With copper reaching all time high's, it is truly an exciting time to take a closer look at this aspect of the Property."
Assays are still pending for 518 metres of drilling completed in phase-one, most of which is from a 3-hole fence drilled across El Placer Norte where underground sampling returned grades of up to 12.79 g/t across the Huarache Vein. Perhaps more significantly, a surface trench across the El Placer trend returned values of 0.5 g/t gold across 65 metres in BRG-117154. This was followed by 8 metres of 2.14 g/t gold in adjacent trench BRG-117146.
Further indications of a possible bulk tonnage gold target were returned from trench BRG-26892 with values of 1.07 g/t gold across 6 metres from a newly discovered mineralized outcrop of porphyritic rhyolite on the Santa Elena ridge, about 850 metres southwest of Garabato and 750 metres north of El Placer Norte.
A copper porphyry target with associated base metals was confirmed in the northwestern part of the Property where approximately 350 metres of semi-continuous hand trenching on Line 2569200 uncovered sericitic alteration with values mainly greater than 240 ppm molybdenum (Mo) with up to 0.22% Mo across 6 metres. These results confirm the bedrock source for overlying Mo-in-soil results of up to 456 ppm Mo. This anomaly is about 400 hectares in size and is roughly defined by soil samples at 50 metre spacing on survey lines spaced 400 metres apart. Sericite with molybdenite is interpreted to represent part of a hydrolytic alteration shell around a buried porphyry system.
Brigadier has 17.7 line kilometres of first-order geochemical anomalies for gold, copper and molybdenum outside the drilled areas that merit systematic mapping and trenching. A portion of these have been selected for near-term work this summer. Access routes for heavy equipment have been surveyed both to Garabato and to the porphyry area. The Company is considering an airborne geophysical survey to better understand both faulting and intrusions related to mineralization.
National Instrument 43-101 Disclosure
The technical information in this press release has been reviewed by Michelle Robinson, MASc., P.Eng., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Core and sample handling procedures are documented in the Company's press release dated October 22, 2020. Standard pulps, field duplicates, pulp duplicates and blanks are inserted into the sample stream. The samples were analyzed by SGS Laboratories in Durango using fire-assay methods for gold, and ICP methods with a 4-acid digestion for silver and base metals. SGS is an accredited laboratory. It is the Qualified Person's opinion that the technical information disclosed in this press release is reliable.
Please visit our website to learn more about Brigadier Gold.
About Brigadier Gold Limited
Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Our mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.
Led by a management team with decades of experience in mineral exploration and capital markets development, we are focused on advanced exploration opportunities in politically stable jurisdictions.
For further information, please contact:
Brigadier Gold Limited
http://www.brigadiergold.ca
Rob Birmingham, Chief Executive Officer
rob@brigadiergold.ca
Leah Hodges, Corporate Secretary
(604) 377-0403
Reader Advisory
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Brigadier Gold Limited
View source version on accesswire.com:
https://www.accesswire.com/646307/Brigadier-C...79-gt-Gold
Brigadier Completes Phase One Exploration at Picachos With Multiple Follow-up Drill Targets Assays Pending for Prospective El Placer Norte Target where sampling returned up to 12.79 g/t Gold
VANCOUVER, BC / ACCESSWIRE / May 11, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier"
(TSXV:BRG)(FSE:B7LM)(OTC PINK:BGADF) is pleased to provide a summary of the recently completed phase-one exploration program at it Picachos gold-silver-copper project Sinaloa, Mexico (the "Picachos Project", "Picachos" or the "Property" . In total 5057 metres of diamond drill was completed in 50-holes across eleven different prospects on the Property, most of which were never previously drill tested. Remaining assays are anticipated to be received in June. Phase-one Drilling Highlights:
San Agustín past-producing gold mine with a principal result of 7.45 g/t gold and 51 g/t silver across 7 metres in DH-BRG-001. Significant widths and grades were intercepted in several holes from San Agustín.
San Antoñio historic gold-copper mine with 12.62 g/t gold and 78 g/t silver with 4.5% copper across 0.8 metres in DH-BRG-026.
La Gloria historic gold mine with values of 10.65 g/t gold across 1 metre in a larger interval of 2.29 g/t gold across 8 metres in DH-BRG-028.
Rob Birmingham, President & CEO, comments, "With Picachos' first ever diamond drill program concluded, Brigadier now has a robust dataset from which to plan the next phase of exploration. Over the course of the last eight months, exploration efforts have produced several high priority targets which the Company intends to follow up on, including a copper and base metals porphyry on the North end of the Picachos Project. With copper reaching all time high's, it is truly an exciting time to take a closer look at this aspect of the Property."
Assays are still pending for 518 metres of drilling completed in phase-one, most of which is from a 3-hole fence drilled across El Placer Norte where underground sampling returned grades of up to 12.79 g/t across the Huarache Vein. Perhaps more significantly, a surface trench across the El Placer trend returned values of 0.5 g/t gold across 65 metres in BRG-117154. This was followed by 8 metres of 2.14 g/t gold in adjacent trench BRG-117146.
Further indications of a possible bulk tonnage gold target were returned from trench BRG-26892 with values of 1.07 g/t gold across 6 metres from a newly discovered mineralized outcrop of porphyritic rhyolite on the Santa Elena ridge, about 850 metres southwest of Garabato and 750 metres north of El Placer Norte.
A copper porphyry target with associated base metals was confirmed in the northwestern part of the Property where approximately 350 metres of semi-continuous hand trenching on Line 2569200 uncovered sericitic alteration with values mainly greater than 240 ppm molybdenum (Mo) with up to 0.22% Mo across 6 metres. These results confirm the bedrock source for overlying Mo-in-soil results of up to 456 ppm Mo. This anomaly is about 400 hectares in size and is roughly defined by soil samples at 50 metre spacing on survey lines spaced 400 metres apart. Sericite with molybdenite is interpreted to represent part of a hydrolytic alteration shell around a buried porphyry system.
Brigadier has 17.7 line kilometres of first-order geochemical anomalies for gold, copper and molybdenum outside the drilled areas that merit systematic mapping and trenching. A portion of these have been selected for near-term work this summer. Access routes for heavy equipment have been surveyed both to Garabato and to the porphyry area. The Company is considering an airborne geophysical survey to better understand both faulting and intrusions related to mineralization.
National Instrument 43-101 Disclosure
The technical information in this press release has been reviewed by Michelle Robinson, MASc., P.Eng., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Core and sample handling procedures are documented in the Company's press release dated October 22, 2020. Standard pulps, field duplicates, pulp duplicates and blanks are inserted into the sample stream. The samples were analyzed by SGS Laboratories in Durango using fire-assay methods for gold, and ICP methods with a 4-acid digestion for silver and base metals. SGS is an accredited laboratory. It is the Qualified Person's opinion that the technical information disclosed in this press release is reliable.
Please visit our website to learn more about Brigadier Gold.
About Brigadier Gold Limited
Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Our mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.
Led by a management team with decades of experience in mineral exploration and capital markets development, we are focused on advanced exploration opportunities in politically stable jurisdictions.
For further information, please contact:
Brigadier Gold Limited
http://www.brigadiergold.ca
Rob Birmingham, Chief Executive Officer
rob@brigadiergold.ca
Leah Hodges, Corporate Secretary
(604) 377-0403
Reader Advisory
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Brigadier Gold Limited
View source version on accesswire.com:
https://www.accesswire.com/646307/Brigadier-C...79-gt-Gold
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