Brigadier Announces Increase to Private Placement

Vancouver, British Columbia–(Newsfile Corp. – July 10, 2020) –  Brigadier Gold Limited (TSXV: BRG) (FSE: B7LM) (the “Company” or “Brigadier“) announces that further to its announcement on July 8, 2020 regarding the non-brokered private placement of up to 10,000,000 units (the “Units“) at a price of $0.25 per Unit for gross proceeds of up to $2,500,000 (the “Offering“), the Offering has been increased to up to 13,461,538 Units for gross proceeds of up to $3,500,000. In addition, the price of each Unit has been increased to $0.26 per Unit. Each Unit is comprised of one common share in the capital of the Company (each a “Common Share“) and one Common Share purchase warrant (each a “Warrant“). Each Warrant entitles the holder thereof to purchase one Common Share for $0.40 for a period of one year from the date of issuance. The Company may pay a 7% cash finder’s fee in connection with the Offering, to qualified non-related parties, in accordance with the policies of the TSX Venture Exchange (the “Exchange“). 

Proceeds from the Offering will be used to fund exploration of Brigadier’s exploration projects as well as for marketing and general working capital purposes.

All securities issued under the Offering, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance. 

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval of the Exchange. 

About Brigadier Gold

Brigadier Gold 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
(604) 377-0403
corporate@brigadiergold.ca

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 Non-Brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – July 8, 2020) – Brigadier Gold Limited (TSXV: BRG) (FSE: B7LM) (the “Company” or “Brigadier“) is pleased to announce a non-brokered private placement financing of up to 10,000,000 units (the “Units“) at a price of $0.25 per Unit for gross proceeds of up to $2,500,000 (the “Offering“). Each Unit is comprised of one common share in the capital of the Company (each a “Common Share“) and one Common Share purchase warrant (each a “Warrant“). Each Warrant entitles the holder thereof to purchase one Common Share for $0.40 for a period of one year from the date of issuance. The Company may pay a 7% cash finder’s fee in connection with the Offering, to qualified non-related parties, in accordance with the policies of the TSX Venture Exchange (the “Exchange“). 

Proceeds from the Offering will be used to fund exploration of Brigadier’s exploration projects, as well as for marketing and general working capital purposes.

All securities issued under the Offering, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance. 

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval of the Exchange. 

About Brigadier Gold

Brigadier Gold 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
(604) 377-0403
corporate@brigadiergold.ca

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 Options Gold-Silver Picachos Property, Including Past Producing San Agustin High Grade Gold Mine, Sinaloa Mexico

Vancouver, British Columbia – July 7, 2020 – Brigadier Gold Limited (the “Company” or “Brigadier”) (TSXV: BRG) is pleased to announce that it has entered into a binding letter of intent (“LOI”) for an option to acquire a 100% interest in the 3,954 hectare Picachos Gold-Silver Property (“Picachos”), centered over the historic “Viva Zapata” National Mineral Reserve, Sinaloa, Mexico.

Project Highlights:

  • Located in the Sierra Madre Occidental (SMO) Baluarte watershed, between the Panuco Project of Vizsla Resources (TSX-V: VZLA) and the Plomosas Project of GR Silver Mining (TSX-V: GRSL).
  • 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 Agustin 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.

Ranjeet Sundher, CEO, remarks “Picachos marks an important acquisition for Brigadier, positioning the Company in a prolific gold and silver region of Mexico. Picachos is road accessible and demonstrates exceptional potential for advancement. Over 160 underexplored historic mines and workings throughout Picachos provide excellent potential for discovery of new gold-silver mineralized zones. Picachos benefits from a comprehensive historical exploration data library, allowing for the immediate commencement of exploration and an inaugural drill program.  We’re looking forward to getting boots on the ground and drills turning.”

Picachos, held by Minera Camargo S.A. de C.V. (Minera Camargo), 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. Prior to 2002, the mineral tenure was fractured by several small concessions. Minera Camargo acquired a contiguous land package between 2003 and 2012. Geographically, the Picachos overlaps part of the western foothills of the Sierra Madre Occidental (SMO). Access to Picachos from Mazatlan is by state highway and paved road to the town of Cacalotan, and then by dirt 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 host the past-producing San Agustin underground mine.  It appears to be cross-cut and disrupted by several northwesterly trending veins including El Placer. The El Placer vein system has been mapped over a 4 km long strike length. The portion that belongs to Minera Camargo is about 1.5 km long in the southeastern part of Picachos.    

Regional geochemical work by the SGM at the turn of the millennium highlighted the historic Viva Zapata Mineral Reserve as one of the largest contiguous, and highest amplitude anomalies for gold, silver and base metals in southern Sinaloa and northern Nayarit.

Specifically, all seventeen drainage basins that underlie Picachos contain anomalous copper values of 49 to 299 ppm, nine basins contain anomalous gold values of 0.1 to 2.6 ppm, 3 basins contain anomalous molybdenum values of 3.2 to 13.9 ppm, fifteen basins contain anomalous lead values ranging from 53 to 639 ppm lead and eight basins contain anomalous zinc values that range between 233 and 1716 ppm. Nine of the seventeen basins contain detectable silver ranging from 1 to 1.9 ppm.

The historic San Agustin gold mine contains approximately 670 m of historic underground development.

In the mid-1990’s, previous owner Minas de Picacho S.A. de C.V. built 225 m of cross-cuts large enough for rubber-tired diesel equipment and started mining and milling ore from the San Agustin Gold Mine. Their underground sampling implied an average grade of 81.2 g/t Au and 73 g/t Ag across 1.2 m (Thunderbird Projects News Release dated 18 June 1997).  The historic assays cannot be verified as those sample locations are now mined out.

In June of 2014, Vane Minerals test mined three rounds from the south face.  The average assay values of muck piles from each of these three rounds were 15.8 g/t Au and 63 g/t Ag across a mined width of 2.5 m.

The San Agustin Gold Mine exploits a gold-rich shear zone hosted in basaltic andesite that may be as old as Jurassic.  Mineralization consists of sulfide in a quartz-calcite gangue.  It is heavily oxidized even as deep as 100 m below surface. The shear zone trends northeasterly and dips steeply northwesterly. On surface, quartz veining occurs in a foliated zone that is poorly exposed over a 400 m strike length.  Extraction adits intercept the vein at 695 m elevation, 670 m elevation and 646 m elevation.  Within the lowermost adit, some slots are mined as deep as 45 meters (601 m elevation).

No diamond drilling has ever been done on the San Agustin Vein.

Geology and Mineralization

Picachos is underlain by Jurassic to Oligocene volcanic and sedimentary strata that are intruded by Early Cretaceous gabbro, Late Cretaceous quartz monzonite, a Paleocene granodiorite/granite intrusive complex and Oligocene rhyolitic domes.  Porphyry-style stockwork mineralization is related the Paleocene intrusive complex.  Chalcopyrite and molybdenite occur in quartz veinlets with biotitic selvedges and muscovitic vein envelopes.  Sericitic alteration typical of the upper parts of porphyry systems has been identified by surface sampling over an area approximately 6 km in diameter as shown on the map.  Gold mainly occurs with base metals in veins that outcrops at higher elevations both southeast and northeast of the porphyry system.  The veins in the Colcomeca structure locally show evidence of ductile shear, and might best be classified as orogenic.  Northwesterly trending veins such as El Placer contain stilpnomelane (iron-rich biotite) in vein selvedges that must have crystallized at temperatures well-above epithermal ranges.   

Acquisition Terms

To acquire a 100% interest in 4 contiguous mineral claims comprising the Picachos Property, Brigadier will provide staged consideration to Minera Camargo 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 Minera Camargo 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 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 Minera Camargo.

Minera Camargo is at arm’s length to Brigadier.

The acquisition is subject to a number of conditions precedent, including: completion of confirmatory due diligence by Brigadier, receipt of all applicable regulatory, shareholder and third-party approvals, including approval of the TSX Venture Exchange (the “Exchange”)

Subject to approval of the Exchange, a finder’s fee will be paid in connection with the transaction.

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.

Regional geochemical samples were collected from sediments deposited in active stream channels by personnel working for the Servicio Geologico Mexicano (SGM) using a plastic scoop then sieving the sediment to -80 mesh into a numbered sample envelope.  Sample locations were recorded with a hand-held GPS.  The samples were sent to Government laboratories in either Chihuahua or Oaxaca where a 1-gram portion of the pulp was dissolved in aqua regia and analyzed for 32 elements using ICP methods. Gold was analyzed using fire-assay methods with an AA finish.  Detection limits (DL) for gold are 1 ppb.  Silver DL is 0.8 ppm, molybdenum DL is 0.9 ppm, lead, zinc, and copper DL is 2 ppm. It is the author’s opinion that the analytical data of the SGM is of good quality, but that gold concentrations can be under-estimated due to sampling surficial stream sediments with a plastic scoop when more representative results can be better obtained by digging into natural sediment traps using heavy tools.  Further, use of the -80-mesh fraction might result in a larger nugget effect than using a finer fraction (say -200 mesh).

Samples by Vane Minerals in 2014 were taken for determining if the grade of muckpiles was adequate for milling.  They collected about 2 kilograms of sample from several handfuls of muck from different areas of each pile.  Their samples were assayed at their fire-assay laboratory in Acaponeta. It is the QP’s opinion that these assays are 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

(604) 377-0404

corporate@brigadiergold.ca

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 the Appointment of Oscar Mendoza as a Special Advisor, Mexico

Vancouver, British Columbia – June 29, 2020 – Brigadier Gold Limited (the “Company” or “Brigadier”) (TSXV: BRG) is pleased to announce that it has appointed Mr. Oscar Mendoza as a Special Advisor, Mexico. Mr. Mendoza, with extensive experience in the resource and capital markets sector, will begin reviewing and generating opportunities in Mexico that align with Brigadier’s plan for growth.

Oscar Mendoza was born and raised in Mexico and currently resides near the city of Monterrey, Mexico. Mr. Mendoza is a Graduate of The University of North Texas in the United States where he completed his undergraduate degree with Honors in Political Science and Finance. After five years of work experience in the U.S. Mr. Mendoza moved to Japan where he obtained his MBA at the International University of Japan. He graduated as Salutatorian for his class while completing full course requirements in four distinct concentration areas. Mr. Mendoza then went on to work for investment banks including Morgan Stanley and Frontier Securities, covering Natural Resources & Energy sectors.  He actively led and successfully closed several financing transactions in equity capital markets with a focus on mining and resource companies and has facilitated and structured several custom tailored debt and  investment banking transactions for mining companies listed on the London Stock Exchange, Toronto Stock Exchange, Australian Stock Exchange and Mongolian Stock Exchange. 

Mr. Mendoza is frequently invited as guest speaker for various panel discussions and conferences held in Beijing, Hong Kong and Ulaanbaatar including such events as Power Asia and Mines & Money.  He is also a recurrent editorial expert for several Mexican Local Newspapers and a Local Television Show where his area of expertise and advice are shared with large audiences. Mr. Mendoza has also served as board member with various leading companies and has provided finance related lectures to graduate students at the Autonomous University of Coahuila (UAC) in Northern Mexico.

Ranjeet Sundher, CEO, remarks “Brigadier is embarking on an aggressive growth trajectory, targeting overlooked gold and silver assets in stable jurisdictions with demonstrable potential for rapid advancement.  Mr. Mendoza brings a wealth of experience in the sector, particularly in Mexico.  I’m very pleased to welcome him as a Special Advisor and believe his experience and skill set will be instrumental as we move forward.”

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

(604) 377-0403

corporate@brigadiergold.ca 

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 Reactivation on TSX Venture Exchange

Vancouver, British Columbia–(Newsfile Corp. – June 24, 2020) – Brigadier Gold Limited (TSXV: BRG.H) (the “Corporation“) is pleased to announce that the TSX Venture Exchange (the “TSXV“) has granted final approval regarding the NEX reactivation and application for graduation to Tier 2 of the TSXV (the “Reactivation“). Effective Friday, June 26, 2020 trading in the Corporation’s common shares will commence on the TSXV under the trading symbol “BRG”.

The Reactivation was completed in connection with the previously announced (May 11, 2020) option agreement (the “Agreement“) entered into by the Company with Rudolf Wahl and Mike Dorval, together doing business as the “Wahl Group”, to acquire a 100% interest in the Killala Lake South property, consisting of forty-six (46) cell claims units located in Killala Lake, Foxtrap Lake Area Townships, Thunder Bay Mining District, Ontario (the “Property“), subject to reservation of royalties in favor of the Wahl Group (the “Transaction“). In accordance with the terms of the Agreement, the Company has issued 500,000 common shares in the capital of the Corporation (“Common Shares“) to the Wahl Group effective as of June 24, 2020, at a deemed price per Common Share of $0.05. Details of the Agreement are described in the news release of the Corporation dated May 11, 2020. A technical report prepared in accordance with NI 43-101 in respect of the Property is available at www.sedar.com.

Offering

Further to the Corporation’s announcement on June 8, 2020, the Corporation expects to use the proceeds received from the private placement offering of units (the “Offering“) to make payments under the Agreement. Under the Offering, the Corporation closed on gross proceeds of $700,000. In addition to making the scheduled payments under the Agreement, the net proceeds from the Offering are expected to be used to complete a work program on the Property, and for general working capital and corporate purposes.

Continuance

The Corporation also announces that it has received approval from the TSXV to continue from the Province of Ontario to the Province of British Columbia. Shareholder approval for the continuance was previously obtained at the meeting of the Corporation’s shareholders held on February 27, 2020. The Corporation completed the continuance on June 19, 2020.

Appointment of Corporate Secretary

The Corporation is also pleased to announce that Mrs. Leah Hodges has been appointed as Corporate Secretary of the Corporation. Mrs. Hodges has over 15 years of experience providing corporate compliance, administration and governance support serving on and for, numerous boards of directors of private and public listed companies in the resource and technology sectors. Mrs. Hodges specializes in corporate, commercial and securities law, corporate governance, mergers and acquisitions. Mrs. Hodges is a Commissioner for Taking Affidavits in British Columbia, has an Associate of Arts degree from Capilano University and is a member of the Governance Professionals of Canada.

For further information, please contact:

Brigadier Gold Limited
Ranjeet Sundher, Chief Executive Officer
(604) 377-0403
corporate@brigadiergold.ca

Reader Advisories

This news release contains statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation, its directors, or its officers with respect to the future business activities of the Corporation, including, without limitation, the use of proceeds from the Offering, and the ability for the Corporation to carry out the work program and obtain the 100% interest in the Property. Readers are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Corporation’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 Corporation, equity market conditions including without limitation, the impact of the COVID-19 pandemic, 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 Corporation does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.