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Gold & Precious Metals Developer with Properties Under Active Development in Mineral Rich Mexico: Copper Found – Brigadier Gold Limited (OTC: BGADF)

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Gold & Precious Metals Developer with Properties Under Active Development in Mineral Rich Mexico: Copper Found – Brigadier Gold Limited (OTC: BGADF)

July 09
05:33 2021
Gold & Precious Metals Developer with Properties Under Active Development in Mineral Rich Mexico: Copper Found - Brigadier Gold Limited (OTC: BGADF)
  • Experienced Mining Company with Properties in Mexico and Canada. 

  • Diamond Drill Program Fully Funded with $4.2 Million Raised. 

  • Significant Value Intercepts for Gold, Silver and Copper Reported.  

  • Accomplished New CFO and Corporate Secretary Appointed.    

  • Closing of $1,000,000 Non-Brokered Private Placement. 

  • Debt Settlement Completed, Retiring $100,000 of Indebtedness. 


Brigadier Gold Limited (OTC:
BGADF) (TSXV: BRG) (FSE: B7LM), based in Vancouver, BC, was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. The BGADF company mandate is to acquire undervalued and overlooked mining projects with demonstrable potential for advancement. Led by a management team with over 100 years of collective experience in mineral exploration and capital markets development, BGADF is focused on advanced exploration opportunities in politically stable jurisdictions with current operations in Mexico and Canada. 

BGADF is currently focused on a first-ever diamond drill program on its 100% controlled Picachos project in mineral rich Mexico, targeting mineralized veins underneath and surrounding the historical high grade San Agustin gold mine located on the property. The BGADF diamond drill program is fully funded with $4.2 million raised since June of 2020.

The BGADF Picachos land package was methodically assembled by Michelle Robinson (MASc, PEng, geologist, 43-101 QP) over 10 years ago. Ms. Robinson has worked in Mexico for over 20 years with a number of major mining companies. She has authored over 20 technical reports and published several papers for the Society of Economic Geologists. Ms. Robinson and her team are executing on the company’s 5,000-metre diamond drill program — the first ever on this project. 

  • Report on Balance of Phase-1 Drill Results from Picachos

On July 6th BGADF announced its latest drill results from exploration of newly identified gold targets at its Picachos gold-silver-copper project Sinaloa, Mexico (the “Picachos Project). 

BGADF has received analytical results for diamond drill holes DH-BRG-044 to -050 from SGS Laboratory. Principal results are from 47, 48 and 49, a fence of holes drilled across the northwesterly trending El Placer Vein system. 

In the winter of 2021, BGADF completed underground sampling of several historic gold mines along the northwest part of El Placer.

Highlights from underground sampling obtained prior to diamond drilling include:

  • 31.4 g/t Au, 11 g/t Ag, 0.2% Cu, 0.5% Pb and 2% Zn across 0.3 meters from Tacuachas Underground Level 1030 (BRG-25139)

  • 2.14 g/t Au and 0.1% Pb across 8 m from a surface trench across Tacuachas Open Cut (BRG-117146)

  • 7.43 g/t Au, 0.15% Pb, 0.23% Zn across 3.2 m from Lentes Underground Level 1024 (historic sample MCA-27431). This result includes 0.15 m of 40.63 g/t Au with 0.2% Pb and 0.2% Zn

  • 4.64 g/t Au, 0.1% Pb and 0.1% Zn across 0.9 m from Corallio Underground Level 1035

  • 38.88 g/t Au, 22 g/t Ag, 0.4% Cu, 1.7% Pb, 1.5% Zn and 538 ppm W (tungsten) across 0.5 meters in Chivera Underground Level 1177 (BRG-27106)

  • 12.79 g/t Au, 8 g/t Ag, 0.1% Cu, 0.9% Pb, 0.9% Zn across 1 m in Los Huaraches Underground Level 1155 (BRG-25131). This includes 0.1 m of 117.45 g/t Au, 57 g/t Ag, 0.2% Cu, 3.2% Pb and 2.6% Zn


Host rocks to the mineralization are mainly rhyolitic ignimbrite. Regionally, these are pervasively silicified and brecciated within the El Placer Vein system. Microcrystalline quartz, epidote and base metal sulfides such as galena and sphalerite occur in the silicified matrix between rock fragments. Gold is concentrated in shear zones marked by argillic alteration with or without quartz veining.

DH-BRG-047 is completely mineralized and returned an overall result of 0.41 g/t Au with 0.2% Zn across 60.3 meters. From the geological model, it appears to have tested a series of shears in the hanging wall to La Botica represented by Tacuachas, Coralillo, Los Lentes and at least two newly defined structures in the footwall to Tacuachas. Notable individual results are 4.03 g/t Au, 4 g/t Ag, 0.2% Pb and 0.1% Zn across 0.5 m, correlated to the Corallio Vein and 1.49 g/t Au with 0.3% Zn across 1.8 m correlated to Los Lentes Vein.

BGADF also reported the main results from DH-BRG-048 are in the top of the hole. The interval between 3 and 4 meters contains 6.89 g/t Au with 0.04% Cu, 0.1% Pb and 0.1% Zn and is correlated to the Tacuachas Vein. Between 14 and 18 meters an intercept of 1.85 g/t Au with 0.1% Pb and 0.1% Zn defines a new shear zone in the footwall to Tacuachas with a maximum value of 5.51 g/t Au across 1 m between 16 and 17 m.

DH-BRG-049 tested under Cerro La Chivera and returned an average result of 0.27 g/t Au with 0.01% Cu, 0.1% Pb and 0.2% Zn across the entire length of 123 m. Between 7 and 8 m, values of 2.85 g/t Au, 0.04% Cu, 0.1% Pb and 0.4% Zn correlate to the Tacuachas structure. La Botica, defined underground about 600 meters southeast of this drill hole, strikes through DH-BRG-049 between 40.5 and 56 meters downhole with a peak value of 1.08 g/t Au returned across 4 m between 52 and 56 m. Chivera is correlated to the interval between 77 and 95 meters with peak values of 1.1 g/t Au, 0.4% Pb and 1.7% Zn occur across 4 m between 77 and 81 m and 3.51 g/t Au and 0.1% Pb across 1 m between 92 and 93 m. Finally, Tatemales, historically exploited underground about 300 meters southeast of this drill hole fence, projects through DH-BRG-049 between 98 and 123 m.

BGADF has cut a 69 meter long surface trench using the D6 along approximately the same line as DH-BRG-047. By using the bull dozer, a more accurate assessment of surface gold mineralization will be attained. This trench was sampled at 1 meter and 0.5 meter intervals using a chisel and hammer to channel across the rock (dry sampling). Results for the machine dug trench are pending.

Geological cross-section across Cerro La Chivera showing diamond drill holes DH-BRG-047 to -049 and a few of the underground samples within 5 meters of the plane of this cross-section. All the drill holes intercepted multiple gold-bearing shear zones.

In Q2 of 2021, BGADF completed underground and surface trench sampling of La Gloria, El Salvador, El Cobre and Palodismo and made a significant copper-silver discovery in the porphyry area in the northwestern part of the Property. Analytical results are still pending for about 900 samples from these work areas. 

  • Appointment of New CFO and Corporate Secretary

On June 9th BGADF announced subject to approval by the TSX Venture Exchange, that Ms. Heidi Gutte of Lichtenwald Professional Corp. (“LPC”) has been appointed as Chief Financial Officer and Corporate Secretary. Ms. Gutte is an Accounting and Finance Professional with over 15 years of experience in Canada and Europe, including nearly 10 years working as a senior finance professional in publicly traded companies. She specializes in providing corporate finance, financial reporting, consulting, taxation, and other accounting services. She also assists in many aspects of clients’ administration, corporate compliance and other activities.

Ms. Gutte holds the professional designation of Chartered Professional Accountant (CPA, CGA), and is a member of Chartered Professional Accountants of B.C. and Canada. She also holds a Bachelor degree of computer engineering from the University of Applied Sciences in Brandenburg, Germany.

  • Copper Discovery at Picachos

On May 26th BGADF announced the discovery of bulk tonnage type copper mineralization in trenching and further results from exploration of newly identified gold targets at its Picachos gold-silver-copper project Sinaloa, Mexico. 

Pichachos, located approximately four hours’ drive from the city of Mazatlan, covers 3,954 hectares and overlaps one of the largest high-amplitude contiguous anomalies for gold and base metals in the western Sierra Madre with values up to 6841 ppb Au in fine-fraction, active channel stream sediments.

Exploration and diamond drilling efforts led by BGADF head geologist Michelle Robinson, have successfully identified an extensive mineralized vein system and numerous targets for follow up investigation, including a large, unexplored copper porphyry target situated in the northern part of the property.

  • Phase One Exploration at Picachos with Multiple Follow-up Drill Targets 

On May 11th BGADF provided a summary of the recently completed phase-one exploration program at it Picachos gold-silver-copper project. 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. 

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.


BGADF
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. BGADF is considering an airborne geophysical survey to better understand both faulting and intrusions related to mineralization.

  • Closing of $1,000,000 Non-Brokered Private Placement

On March 16th BGADF announced that the non-brokered private placement previously announced on February 19, 2021 had been closed. BGADF issued 5,000,000 Units at a price of $0.20 per Unit for gross proceeds of $1,000,000. Each Unit was comprised of one (1) common share in the capital of BGADF (each a “Common Share”) and one (1) non-transferrable Common Share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at a price of $0.30 per Common Share until March 16, 2022. All dollar amounts in this release are expressed in Canadian dollars, unless otherwise stated.

In connection with the Offering, BGADF paid a total of $42,840 in cash finder’s fees and issued 214,200 finder’s warrants to qualified non-related parties, in accordance with the policies of the TSX Venture Exchange. Each Finder’s Warrant entitles the holder to purchase one Common Share for $0.30 until March 16, 2022. All securities issued under the Offering, including securities issuable on exercise thereof, are subject to a hold period expiring July 17, 2021. 

Proceeds from the Offering will be used to fund exploration at the BGADF Picachos and Killalla Lake properties, corporate marketing campaigns and general working capital purposes.

  • Completion of Debt Settlement

On February 11th BGADF announced that it has received approval from the TSX Venture Exchange to complete the debt settlement previously announced on January 27, 2021 with one arm’s length creditor. The Debt Settlement resulted in an aggregate of $100,000.00 of indebtedness being retired in consideration for the issuance of 454,545 common shares at a price of $0.22 per share. The Debt Settlement did not result in the creation of a new insider or control person. The common shares issued under the Debt Settlement are subject to a four-month resale restriction expiring June 12, 2021.

For more information on Brigadier Gold Limited (BGADF) visit: https://www.brigadiergold.ca

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Media Contact
Company Name: BRIGADIER GOLD LIMITED
Contact Person: Media Relations
Email: Send Email
Phone: (905) 764-6175
Address:PO Box 94540, 2900 Steeles Ave. E.
City: Thornhill
State: ONT L3T 7R5
Country: Canada
Website: www.brigadiergold.ca