Brigadier Commences Preparations for Inaugural Exploration Program at Gold-Silver Picachos Property Sinaloa Mexico, Including First Ever Diamond Drilling Program Focused at Past Producing San Agustin High Grade Gold Mine

Vancouver, British Columbia – August 13, 2020 – Brigadier Gold Limited (the “Company” or “Brigadier”) (TSXV: BRG, FSE: B7LM) is pleased to announce preparations are underway for the first ever diamond drill campaign at the Company’s recently acquired 3,954 hectare Picachos Gold-Silver Property (“Picachos”), centered over the historic “Viva Zapata” National Mineral Reserve, Sinaloa, Mexico. Drilling is expected to commence in September and is planned for a minimum 5000 metres (m) in approximately 40 holes targeting four high-grade gold-silver veins.

Drill Targets:

  • San Agustin mine: underground channel sampling by prior operator returned 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).
  • Mochomos vein: historic rock chip-channel sample 26409 yielded a result of 18.5 g/t Au and 570 g/t Ag across approximately 0.5 m.    
  • Los Tejones vein with values of 28.6 g/t Au, and 114 g/t Ag across approximately a meter (historic rock chip-channel sample 17873).. 
  • Fermin vein with values of 268 ppm Ag and 0.3 g/t Au across 1 m.

Ranjeet Sundher, CEO, remarks “Brigadier’s multi-talented team has been able to identify and complete the Picachos acquisition, close $4.2 million in financings and initiate exploration on this compelling gold-silver target all within a 4-week period. We are fortunate that Brigadier’s core leadership now includes our partner Michelle Robinson who together with her team, residing in Sinaloa, are intimately familiar with Picachos, the local community, and how to shape a sustainable and beneficial presence in the region.”
The Company’s focus is proving the potential for high-grade gold-silver veins that will likely be developed using underground mining methods. The center of the 2020 exploration campaign will be the past-producing San Agustín Mine which has exploited one of the ore chutes of the major east-northeasterly trending Cocolmeca Vein System (introduced in Company press-release dated 6 July 2020).  In detail, the Cocolmeca Vein system is comprised of several sub-parallel veins over a 1.5 kilometer wide zone marked in blue on the map, below.  San Agustín is the best understood of these veins, mainly because it has been historically exposed underground by approximately 670 line meters of tunnels, stopes and shafts.  Geologically, it appears to be disrupted by the NW trending Genardo Fault. On the northeast side of the fault, the Tejones veins might correlate to San Agustín.  Collectively, this first round of drilling is designed to test approximately 1 kilometer of vein strike between the past-producing San Agustín Mine and the Tejones Prospects.

Fig. 1. Map of the San Agustín Mine area. Results on the Map are tabulated below.

 

Table 1. Results summary of historic rock chip-channel samples. Samples marked * have only XRF scans of homogenized pulp.

 

Vein System

Historic Result

Width (m)

Sample(s)

Tejones

28.6 g/t Au and 114 g/t Ag

1

17873

Tejones

1.7 g/t Au and 16 g/t Ag

6

17874

Tejones

145 ppm Ag*

6

23255

Tejones

82 ppm Ag and 2967 ppm Pb*

4

25876

Tejones

2.8 g/t Au

3

27350

San Agustin

32.3 g/t Au and 110 g/t Ag

1.5

29883

San Agustin

3.4 g/t Au and 69 g/t Ag

2.5

MX259

San Agustin

0.3 g/t Au, 22 g/t Ag

1

MX258

San Agustin

0.8 g/t Au and 26 g/t Ag

2

105024 and 105025

San Agustin

20.1 g/t Au, 42.1 g/t Ag

1.8

MX288

San Agustin

184.9 g/t Au, 61 g/t Ag

1.2

HBM73175

San Agustin

3.2 g/t Au and 27 g/t Ag

1.5

6354-55 and 6450

San Agustin

121.7 g/t Au and 71 g/t Ag

1.3

29887, 14-014

San Agustin

25.6 g/t Au, 87 g/t Ag

0.8

105023

San Agustin

60.7 g/t Au and 148 g/t Ag

0.8

105021

San Agustin

33.4 g/t Au and 144 g/t Ag

0.8

105022

San Agustin

0.2 g/t Au and 67 g/t Ag

1.5

24155

Fermin

115 ppm Ag, 2.1% Cu, 0.8% Pb and 0.5% Zn*

2

23251

Fermin

0.3 g/t Au, 268 ppm Ag, 0.4% Cu, 0.6% Pb, 0.5% Zn

1

32498

Fermin

236 ppm Ag, 0.4% Cu, 0.2% Pb, 0.1% Zn*

3

25789

Fermin

194 ppm Ag, 1.6% Cu, 1.1% Pb, 0.4% Zn*

4

23497 and 25788

Mochomos

2.8 g/t Au and 86 g/t Ag

2.1

27352, 19066, 19067

Mochomos

18.5 g/t Au and 570 g/t Ag

0.5

26409

Mochomos

171 ppm Ag*

1

23108

 

 

Phase 1 is anticipated to total 5170 m of PQ/HQ diamond drilling in 41 drill holes as well as approximately 3 line kilometers of trenching across several historic sample sites to systematically sample the anomalies identified by the historic work and formalize the drill targets. Most holes are planned at San Agustín and Los Tejones, with a few at Mochomos and other prospects. The drill holes will range from 90 m to 300 m in length.

 

Picachos is comprised of four mining concessions covering an area of 3,954 hectares and is situated in the municipality of El Rosario, in the southeastern region of Sinaloa state, Mexico. Geographically, Picachos overlaps part of the western foothills of the Sierra Madre Occidental (SMO). Picachos can be accessed from Mazatlán by state highway and paved road to the town of Cacalotán, and then by country road into the Property. Total driving distance is approximately 111 road kilometres (km) over a period of four hours. Mine workings are accessed by approximately 20 km of roads internal to the Property.

 

The Company has not undertaken any independent investigation of the historical information contained in this press release nor has it independently analyzed the results of the previous exploration work in order to verify the accuracy of the information. The Company believes that the historical results and other information contained in this press release are relevant to continuing exploration on the Property.

 

National Instrument 43-101 Disclosure

 

The technical content of this new release has been reviewed and approved by Ms. Michelle Robinson, MASc., P.Eng., and a Qualified Person as defined by National Instrument 43-101.

 

Historical underground and surface rock chip-channel samples were cut across oriented structures using a hammer and chisel. Approximately 5 kg of material was collected onto a drop-bag, then rolled and quartered.  Approximately 2 kg of roughly homogenized rock chips were collected in a double-plastic bag with the numbered tag facing outwards between the bags. Sample HBM-73175 was collected from a homogenous pile of mine muck taken from the bottom of JJV Slot in the San Agustin mine at the 601 m elevation by a geologist working for Hudbay Minerals in 2013. 

 

The samples were sent either to Acme’s preparation laboratory in Guadalajara, Jalisco, or to SGS Laboratories in Durango.  At either lab, the, the samples were crushed and split. A one kg split of each sample was pulverized to -200 mesh (R200-1000) For Acme, prepared pulps were sent to the North Vancouver lab for analysis using ICP-MS methods (code 1DX), whole-rock analyses (code 4A-4B) and fire assay methods using a gravimetric finish (code Group 6Gr).  For SGS, the samples were analyzed in Durango using ICP methods for base metals and silver, and fire assays with either an AA or gravimetric finish.  A few rocks marked * were analyzed using a Niton portable XRF analyzer to scan homogenized sample pulp.  It is the QP’s opinion that the geochemical results in Table 1are reliable prospecting information.

 

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

www.brigadiergold.ca

Ranjeet Sundher, Chief Executive Officer

corporate@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.

Brigadier Announces Appointment of Garry Clark To Board of Directors

Vancouver, British Columbia – August 11, 2020 – Brigadier Gold Limited (the “Company” or “Brigadier”) (TSXV: BRG, FSE: B7LM) is pleased to announce that Mr. Garry Clark has been appointed to the Board of Directors of the Company.

Mr. Clark is the Executive Director of the Ontario Prospectors Association (“OPA”). He has been a Director, Vice President or President of OPA since its formation in the early 1990’s. Mr. Clark currently serves on the Ontario Minister of Energy, Mines and Northern Development, Mining Act Committee. He graduated with an HBSc (Geology) from Lakehead University, Thunder Bay. Mr. Clark brings to the Company extensive experience in managing large scale exploration and development programs internationally including Asia and North America. In addition to over 30 years of consulting experience, Mr. Clark has held geological positions with several mining companies and has served as a director of various publicly listed companies. Mr. Clark’s appointment is subject to approval by the TSX Venture Exchange (the “Exchange“).

Brigadier’s President and CEO, Mr. Ranjeet Sundher, comments “I’m very happy to welcome Mr. Clark to the Board of Directors. His exceptional background and breadth of experience in mining will be a great asset for Brigadier.”

The Board of Directors of Brigadier is now comprised of Messrs. Ranjeet Sundher, Dillon Sharan, Garry Clark and Ms. Bev Funston.

About Brigadier Gold

Brigadier Gold Limited was formed to leverage what we believe will be 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

www.brigadiergold.ca

Ranjeet Sundher, Chief Executive Officer

corporate@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.

Brigadier Signs Definitive Agreement to Option Gold-Silver Picachos Property, Including Past Producing San Agustin High Grade Gold Mine, Sinaloa Mexico

Vancouver, British Columbia – August 10, 2020 – Brigadier Gold Limited (the “Company” or “Brigadier”) (TSXV: BRG, FSE: B7LM) is pleased to announce that it has signed a definitive agreement (the “Agreement”) for an option to acquire a 100% interest in the 3,954 hectare Picachos Gold-Silver Property (“Picachos” or the “Property”), centered over the historic “Viva Zapata” National Mineral Reserve, Sinaloa, Mexico.

Project Highlights:

  • Located between Vizsla Resources’ Panuco Project and GR Silver Mining’s Plomosas Project.
  • San Agustin Mine underground channel sampling by prior operator returned average grade of 81.22 grams per ton (g/t) gold (Au) and 73.36 g/t silver (Ag) across 1.2 metres (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). The San Agustín vein has never been tested with diamond drilling.
  • More than 160 known historic underground mines, workings and prospects at Picachos are on gold-rich veins.
  • Recently identified, large copper porphyry prospect in northern area of Picachos.
  • Drill / exploration permits in place as well as recently renewed surface access agreement with local community.
  • 5,000 metre drill program targeting high-grade gold/silver, planned to commence shortly.

Ranjeet Sundher, CEO, remarks “Closing the Picachos acquisition marks our official entry into the Sierra Madre epithermal belt, which has seen tremendous drilling success from neighboring exploration companies.  Brigadier is well funded, having closed $4.2 million in financings over the last 30 days, and is preparing to initiate a maiden 5,000 metre drill program targeting the high-grade historic San Agustín mine. In addition to the high-grade San Agustín mine, Picachos offers exceptional exploration potential, with over 160 historic mines and workings throughout the Property.”

Picachos is comprised of four mining concessions covering an area of 3,954 hectares and is situated in the municipality of El Rosario, in the southeastern region of Sinaloa state, Mexico. Geographically, the Picachos overlaps part of the western foothills of the Sierra Madre Occidental (SMO). Access to Picachos from Mazatlán is by state highway and paved road to the town of Cacalotán, and then by country road into the Property. Total driving distance is approximately 111 road kilometres (km) over a period of four hours. Mine workings are accessed by approximately 20 km of roads internal to the Property.

Picachos overlaps (i) two regional-scale precious metal rich vein systems and (ii) a large porphyry copper prospect. Historic metal production is from the veins.  The largest vein system trends northeasterly for seven kilometers along a major fault zone, and hosts the past-producing San Agustin underground mine, which contains approximately 670 m of historic underground development and has never been tested with diamond drilling.

Map showing the location of the Picachos Property, San Agustin Gold Mine, La Cocolmeca and El Placer regional gold-bearing regional structures and the sericitic alteration boundary. Stream basins sampled by the Servicio Geologico Mexicano are coloured according to gold concentration.

Acquisition Terms 

To acquire a 100% interest in the Property (the “Acquisition”), Brigadier will provide staged consideration to the vendor over a 5-year period, consisting of cash payments totalling US$275,000; share issuances totaling 4,000,000 common shares of Brigadier; and cumulative exploration expenditures of US$3,850,000. Brigadier will also make payments to the vendor for Picachos development milestones as to: i) 1,000,000 common shares of Brigadier upon delineating a mineral resource estimate containing a minimum of 350,000 ounces of gold in the inferred category (based on the then current CIM definitions); ii) US$725,000 and 1,000,000 common shares of Brigadier upon completion of a feasibility study recommending the construction of a mine on the Property; and iii) US$2,000,000 upon commencement of commercial production. Brigadier may, at its option, issue common shares, at the then current market price, subject to a minimum of $0.30 per share, in lieu of one half of the cash payments to be made pursuant to each of ii) and iii). A 2% NSR will be retained by the vendor who is arm’s length to Brigadier. 

In connection with the Acquisition, the Company intends to pay a finder’s fee of up to $325,320 (the “Finder’s Fee”), issuable in common shares at a deemed price per common share of $0.30, for a total of up to 1,084,400 common shares to be issued in accordance with the policies of the TSX Venture Exchange (the “Exchange”). 

The Acquisition and Finder’s Fee are subject to approval by the TSX Venture Exchange.

The Company has not undertaken any independent investigation of the historical information contained in this press release nor has it independently analyzed the results of the previous exploration work in order to verify the accuracy of the information. The Company believes that the historical results and other information contained in this press release are relevant to continuing exploration on the Property.

Qualified Person

Technical information in this New Release has been reviewed by Michelle Robinson, MASc., P.Eng., a Qualified Person as defined by NI-43-101.

Sample HBM-73175 was collected from a homogenous pile of mine muck taken from the bottom of JJV Slot in the San Agustin mine at the 601 m elevation by a geologist working for Hudbay Minerals in 2013.  The geologist sent this sample with his other samples to Acme’s preparation laboratory in Guadalajara, Jalisco.  There, the samples were crushed and split. A one kg split of each sample was pulverized to -200 mesh (R200-1000) with an extra wash with glass between each sample (code XWSH).  The prepared pulps were sent to the North Vancouver lab for analysis using ICP-MS methods (code 1DX), whole-rock analyses (code 4A-4B) and fire assay methods using a gravimetric finish (code Group 6Gr).  It is the QP’s opinion that the result of HBM-73175 is reliable. 

About Brigadier Gold

Brigadier Gold Limited was formed to leverage what we believe will be 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

www.brigadiergold.ca 

Ranjeet Sundher, Chief Executive Officer

corporate@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.