BGADF is Focused on Gold-Silver Rich Mexico with $4.2 Million in Funding Raised for Drilling Operations
Well Positioned Precious Metals Explorer with Very Experienced Management.
Promising Properties Under Development in Canada and Mexico.
Drill Program is Fully Funded with $4.2 Million Raised Since June, 2020.
Current Drill Program Targeting Gold, Silver and Copper.
Inflationary Monetary Policy Pointing to Historic Run in Gold and Silver. Goldman Sachs says Copper is in a “structural bull market.”
Brigadier Gold Limited (OTC: BGDAF) (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. The company 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 BGDAF diamond drill program, led by highly respected industry veteran geologist Michelle Robinson, is fully funded with $4.2 million raised since June of 2020.
The Picachos land package was methodically assembled by Michelle Robinson (MASc, PEng, geologist, 43-101 QP) over 10 years ago. Ms. Robinson is a respected industry veteran who 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.
Update on Exploration at Picachos Project in Sinaola, Mexico; Current Program to Include Drilling of Prospective Copper Targets
On November 24th BGADF released assays for the first three holes in the 40 hole drill program, which included an intersection of 46 g/t gold over 1 meter.
“We are very encouraged with the early success of the inaugural diamond drill program at Picachos,” remarked Ranjeet Sunder, President and Chief Executive Officer of BGADF. “To confirm high-grade gold mineralization in a vein system totaling eight kilometres in length, within a property that hosts multiple of these systems, is exciting and points to further discovery potential within the project. Given Michelle’s intimate knowledge of Picachos, combined with a robust historical data set, we are confident that the prospective targets we have chosen will continue to yield strong results.”
On December 9th BGADF issued its latest update reviewing exploration activities to date on the company’s Picachos Project in Sinaloa, Mexico. This project encompasses 3,954 hectares with over 160 historic mines and workings. A first ever 40 hole 5,000 meter diamond drill program has commenced and the site is just 15 miles from recent bonanza grade gold and silver discoveries made by companies whose valuation has surpassed $100 million. BGDAF’s valuation today stands at under $20 million and the company is targeting drill-ready high grade veins open at depth.
Since commencing exploration and diamond drilling activities at Picachos in August, BGADF identified several high priority targets for follow up work and gained a significant understanding of the mineralized gold – silver vein, and copper – molybdenum porphyry systems traversing the property.
Early BGADF drill results indicate strong gold mineralization at the historical high grade San Agustin gold mine, specifically, Hole DH-BRG-001 intercepted 7 metres of 7.45 grams per tonne (g/t) gold (Au) gold and 51 g/t silver (Ag) down-hole (estimated true width of 5.2 metres), approximately 105 metres below surface, and 40 metres below historic extraction level 646 at the San Agustín mine. This hole supports the thesis that San Agustín is a gold-bearing structure of significant width that merits further exploration to develop its commercial gold potential. Sample BRG-104705, cut across a surface outcrop of the San Agustín Vein 200 metres northeast of DH-BRG-001, yielded a similar result of 4.89 g/t Au and 67 g/t Ag across a true width of 5 metres. Approximately 1 kilometre east-northeast of San Agustin, BGADF trenched 10 metres of 1.85 g/t Au and 4 g/t Ag across the Tejones prospect pits. These are on the same structure along-strike from San Agustín.
In the central part of the Property, about 1.2 kilometres north-northeast of San Agustin Mine, BGADF trenched 16 metres of 1.1 g/t Au, 6 g/t Ag and 0.2% lead (Pb) (BRG-122536) across the northeasterly trending Roque Vein. This result includes 2 meters of 8.84 g/t Au, 36 g/t Ag, and 1.6% Pb. Trenching is on-going to better define the orientation and mineral potential of this potentially important vein prior to drilling. Analytical results from other newly discovered veins are in-progress at SGS Laboratories in Durango.
Surface due-diligence sampling of the porphyry copper-molybdenum occurrence has returned values of 0.32 g/t Au, 48 g/t Ag, 0.53% Cu, 15 ppm Mo, 16 ppm tungsten (W), and 140 ppm bismuth across 12 metres (BRG-120841) near the pueblo of Picachos. From the northern part of the Property, results of >2000 ppm Mo, 284 ppm Cu, > 100 ppm W, and 0.2% Pb across 4 metres were returned from historic rock chip channel sample WSR-176. This is a much larger target more than 4 square kilometres in size that will require substantial work such as surface trenching, diamond drilling, and geophysical surveys.
Given the major success encountered by its nearby neighbors to the north and south, the question investors are asking is whether BGADF will become Mexico’s next major drilling success story.
The ongoing diamond drill program and extensive cross-property exploration efforts are expected to produce a steady flow of news in the coming weeks and months.
For more information on Brigadier Gold Limited (OTC: BGDAF) visit: https://www.brigadiergold.ca
Company Name: BRIGADIER GOLD LIMITED
Contact Person: Media Relations
Email: Send Email
Phone: (905) 764-6175
Address:PO Box 94540, 2900 Steeles Ave. E.
State: ONT L3T 7R5