Vancouver, British Columbia – March 17, 2023. Brigadier Gold Limited (the “Company“, or “Brigadier“) (TSXV: BRG | FSE: B7LM | USA: BGADF) is pleased to provide a comprehensive introduction to its newly acquired and 100% controlled, Nemaska2 Lithium Property (“Nemaska2”), James Bay, Quebec.
About the Nemaska2 Lithium Property
Nemaska2 consists of 57 map-designated mining titles covering a total area of 3042.80 hectares and is located adjacent to Li-Ft Power Lithium Project, Critical Elements Lithium and ~23 kilometres West of Nemaska Lithium (Whabouchi Project; 27.3Mt on proven and probable reserves), in northern Québec, approximately 160kms east of James Bay, near the community of Nemaska.
Nemaska2 hosts at least 20 white pegmatite outcrops, each approximately 1000 square metres in size. The Quebec government carried out a large sampling program over Nemaska2 and the geological findings suggest these white pegmatites contain spodumene. Further exploration of the property has been recommended to identify possible additional pegmatite outcrops and spodumene occurrences.
“We are delighted to have closed the Nemaska2 transaction and have turned our attention to securing the best teams, equipment and technology available to quickly and effectively assess the lithium potential within the Property”, remarked Robert Birmingham, President, and CEO of Brigadier Gold. “Nemaska2 may be the most conveniently located property in the region for access, logistics and infrastructure, which will allow Brigadier to conduct its exploration programs and publish results in an efficient and timely manner.”
Advantaged Location and Access
Nemaska2 hosts easily accessible on-site infrastructure including a powerline, aerodrome, railway and an accommodations camp. The Property is bisected by the region’s primary east-west road and is ~5km by road from additional accommodations, fuel and supplies. A large portion of the property is also accessible by all season logging roads eliminating the need for any use of helicopters in reconnaissance, mapping, sampling or drilling.
Geology / History
The Property and surrounding area have been the focus of sporadic exploration work since 1963. The first work, which was undertaken by the Government of Quebec, focused more on the geological and structural reconnaissance of the James Bay Region.
The Property is located in the Champion Lake region within the La Grande Subprovince, James Bay area. This region is primarily composed of intrusive and metasedimentary rocks. Volcanic rocks are present in small proportions. In the southern half of the area, the Nemiscau Subprovince is dominated by metasedimentary rocks migmatized to varying degrees and assigned to the Rupert Complex. The northern portion is occupied by intrusive rocks assigned to the Champion Complex, which represents the southwest extension of the La Grande Subprovince. In contact with the Champion Complex, the Nemiscau Subprovince contains a volcano-sedimentary belt assigned to the “Lac des Montagnes” Group.
Based solely on its geological environment, the Property has the potential to host a number of deposit types. However, based on the known discoveries, two types of mineralization are possible on the Property: Type 4 (Magma-related mineralization) and Type 6 (Rare-Element LCT-type Pegmatite) with the major Whabouchi lithium deposit in the area.
The airborne magnetometric survey completed in the past by the Government Ministry shows the presence of several low magnetic anomalies likely corresponding with fractures or shear zones within the granitic Valiquette Pluton. These structures are generally favourable hosts for mineralization in precious metals (gold, silver), base metals and/or pegmatites.
The Property is at an early stage of exploration with regional reconnaissance mapping and sediment sampling programs having been completed in the past. In spite of limited historical exploration at Nemaska2 it is a important prospect due to:
- the presence of white pegmatites mapped in regional reconnaissance
- the presence of anomalous values of Li and Cs obtained by the Ministry in regional till sampling; and
- the existence of a major lithium deposit (Whabouchi) in the area
Québec is a highly attractive investment destination for lithium exploration and production due to its supportive resource development sector, access to skilled labour and its proximity to emerging European and North American electric vehicle markets. Additionally, Quebec is Canada’s largest producer of iron concentrate and zinc, the country’s second-largest producer of gold, is the dominant source of lithium in Canada, and accounts for 20% of Canada’s total mining output. Quebec is consistently ranked in the top quartile by the Fraser Institute for most attractive jurisdictions for mining investment.
Brigadier has entered into a contract with RazorPitch Inc. to, on a non-exclusive basis, assist in improving visibility of the Company to the investment community through the distribution of media on various online channels. Under the terms of the engagement, RazorPitch Inc. has been retained for one month, commencing March 20th, for a total of $7,500 (USD).
Mr. Garry Clark, P. Geo., a member of the Company’s Board of Directors, a “Qualified Person” under NI 43-101, is responsible for the technical contents of this news release and has approved the disclosure of the technical information contained herein.
For further information, please contact:
Brigadier Gold Limited
Robert Birmingham, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information Cautionary Statement
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to: the Company further exploring Nemaska2; securing the best teams, equipment and technology available; quickly and effectively assessing lithium potential within Nemaska2; conducting exploration programs and publishing results in an efficient and timely manner; the lack of need for use of helicopters in reconnaissance, mapping, sampling or drilling; Nemaska2 having the potential to host a number of deposit types; and other risks and uncertainties relating to the actual results of current exploration activities; the possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company’s expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); environmental and regulatory requirements; availability of permits, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of th e date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.