Brigadier Gold Limited is pleased to announce that the first three diamond drill holes of a 5000 metre, 40-hole program at its Picachos Property have intersected the San Agustín vein up to 125 metres below the historic Nuevo Carrito adit. Core from holes BRG-001 and 002 has been received by SGS Labs in Durango and core from BRG-003 will be picked up by SGS this week. Assays will be made public upon completion of …
Brigadier Gold Limited (TSXV: BRG) (FSE: B7LM) (OTC: BGADF) (the “Company” or “Brigadier”) is pleased to announce that the first three diamond drill holes of a 5000 metre, 40-hole program at its Picachos Property (“Picachos”) have intersected the San Agustín vein up to 125 metres below the historic Nuevo Carrito adit. Core from holes BRG-001 and 002 has been received by SGS Labs in Durango and core from BRG-003 will be picked up by SGS this week. Assays will be made public upon completion of the analytical work.
The 3,954 hectare Picachos Gold-Silver Property is centered over the historic “Viva Zapata” National Mineral Reserve, Sinaloa, Mexico and features 46 veins including San Agustín. The San Agustín mine was the subject of underground channel sampling by a prior operator which returned an average grade of 81.22 grams per ton (g/t) gold (Au) and 73.36 g/t silver (Ag) across 1.2 m (Thunderbird Projects news release dated 18 June 1997). Values of 185 g/t Au were cut across the bottom of a production shaft (sample HBM-73175).
Ranjeet Sundher, President and CEO, comments, “Michelle Robinson and her team on the ground at Picachos have delivered promising early results indicating that the vein which hosts the historic high grade San Agustin gold mine may be of material width and vertical continuity. The projects first ever diamond core drill program is playing a substantial role in assisting the Company to better understand the geology and structure of the four vein systems we are targeting, while uncovering important details previously unknown to historical operators.”
BRG-001 is collared at the El Carrito Adit. El Carrito is oriented easterly (azimuth 110 degrees) at an elevation of about 673 metres and cross-cuts argillite in the hangingwall of the San Agustín Vein. Elevated values of gold and silver occur in the adit between 49 and 51.5 metres where results of 2.59 g/t Au and 22 g/t Ag across 2.5 metres were previously obtained. Although the adit continued across the vein, that area is collapsed and no longer accessible. BRG-001 was drilled easterly (azimuth 112 degrees) for 96.7 metres and dips -55 degrees. Core recovery was as low as 70% between 70 and 75 metres down hole. Quartz-carbonate veining was intercepted between 75 and 82 metres down hole. From the cross-section presented below, it appears that BRG-001 cut through underground workings just above HBM-73175 and about 10 metres below historical sample line MCA-20569 which sample line returned XRF values of 94 ppm silver, 0.3% copper, 0.4% lead and 2% zinc across 1.6 metres. Approximately 15 metres above sample line MCA-20569, historical sample line MCA-25881 had a lab assay result of 29.5 g/t gold, 83 g/t silver, 0.1% copper, 0.5% lead, and 0.6% zinc across approximately 2.6 metres (see cross-section below).
BRG-002 is collared at the same location as BRG-001 and is angled -66 degrees under BRG-001. BRG-002 intercepted quartz-carbonate veining between 93 and 103 metres down hole, approximately 25 metres down-dip of BRG-001 and is believed to be well-under all of the underground workings. Similarly, BRG-003 is drilled under BRG-002 at a dip of -75 degrees. BRG-003 intercepted quartz-carbonate veining between 123 and 130 metres down-hole, approximately 40 metres down-dip of the intercept of BRG-002. Collectively, these historical and new drill hole intercepts have defined the San Agustin vein for more than 170 metres down-dip from surface.
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National Instrument 43-101 Disclosure
The technical content of this press release has been reviewed and approved by Ms. Michelle Robinson, MASc., P.Eng., and a Qualified Person as defined by National Instrument 43-101. Core and sample handling procedures are documented in the Company’s press release dated October 21, 2020. It is the Qualified Person’s opinion that the technical information disclosed in this press release is reliable.
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:
Ranjeet Sundher, Chief Executive Officer
Leah Hodges, Corporate Secretary
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.
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