Vancouver, British Columbia – March 27, 2023. Brigadier Gold Limited (the “Company”) (TSXV: BRG | FSE: B7LM | USA: BGADF) is pleased to announce that it has engaged Geologica Groupe- Conseil (“Geologica”) of Val D’or Quebec as its technical partner for exploration and development of its Nemaska2 lithium project, James Bay, Quebec. Geologica has built a strong reputation as a mining exploration consultant including unparalleled local knowledge of lithium deposits in the James Bay area.
About Geologica Groupe-Conseil
Geologica has expertise acquired over more than 38 years in the mining field at the Canadian and International level, including more than 1500 technical qualification and evaluation reports to its credit. Geologica’s qualified team, have orchestrated over 500 exploration programs for lithium, gold, base metals, diamonds and rare earth elements with effective budget control, reliability and adherence to deadlines.
Management Commentary
Rob Birmingham, CEO of Brigadier Gold Limited, comments, “We are very pleased to have procured a seasoned partner in Geologica, who have extensive mining experience in the James Bay area. Their expertise will prove significant as we aim to initiate our exploration program as soon as the weather permits.”
About Nemaska2 Lithium Project
Nemaska2 consists of 162 map-designated mining titles covering a total area of 8300 hectares and is located in northern Québec, approximately 160kms east of James Bay, near the community of Nemaska. Neighbouring Brigadier’s Nemaska2 Project are claims held by Li-Ft Power, Brunswick Exploration, Dios Exploration, Critical Elements Lithium and ~23 kilometres to the east lies Nemaska Lithium’s Whabouchi Project.
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.
Qualified Person
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.
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”. Forward-looking statements include those relating to initiation and completion of exploration and development programs. 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 Company’s ability to complete all payments and expenditures required under its mineral property option agreements; 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 the 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.
Vancouver, British Columbia – March 22, 2023. Brigadier Gold Limited (the “Company“) (TSXV: BRG | FSE: B7LM | USA: BGADF) is pleased to announce that it has entered into a property option agreement (the “Option Agreement“) dated March 20, 2023 with a private British Columbia corporation (the “Optionor“), to acquire a 100% undivided interest in one hundred and five (105) mining claims, covering approximately 5,300 hectares, located in the Nemaska area of Quebec, approximately 160 kilometres west of James Bay, Quebec (the “Nemaska2 Extension”).
The Nemaska2 Extension lithium project is located directly adjacent to Li-Ft Power Lithium Project to the south, directly adjacent to Brunswick and Dios Explorations lithium projects to the north and ~23km west of Nemaska Lithium’s Whabouchi lithium mine which hosts 27.3 million tonnes (Mt) of proven and probable reserves. The Nemaska2 Extension is a continuous extension of the Company’s existing Nemaska2 lithium project (see March 17, 2023 Press Release for details) bringing the total land package to 8,300 hectares. The Nemaska2 Extension covers several geological areas, containing Archean pink granite and pegmatite as well several outcrops with similar geology as Pontax Lithium showing with the Formation d’Anatacau-Pivert 1 amphibolitized basalt and amphibolite. The Pontax Lithium showing is located 40km to the west. There are several lithium metal lake bottom sediment anomalies combined with other anomalous critical elements. The geochemical signature is comparable to that observed at Pivert-Rose and Pontax-Lithium, with higher values in the secondary environment.
Management Commentary
Rob Birmingham, CEO of Brigadier Gold Limited, comments, “We are very pleased to have quickly closed on this key extension to Nemaska2, bringing our total claims in the James Bay region to 8,300 hectares. Importantly, the contiguous land package hosts easily accessible on-site infrastructure, including the regions primary east-west highway, powerline, aerodrome, railway and an accommodations camp; thus allowing for an expeditious and cost efficient exploration program. We look forward to updating our shareholders in the near future as we prepare to examine the property for its lithium potential.”
Option Agreement Terms
Under the terms of the Option Agreement, in order to acquire a 100% interest in and to the Nemaska2 Extension, subject to a 2% NSR and Bonus in favor of the Optionor, the Vendor must pay an aggregate of $250,000, including a cash payment of $10,000 within fourteen days of the effective date of the Option Agreement; a cash payment of $40,000 within ninety days of the effective date of the Option Agreement; and cash payments of $100,000 or at the Company’s discretion, issuance to the Optionor of shares in the Company with a then equivalent value of $100,000, on each of the first, and second anniversaries of the Effective Date of the Option Agreement. Under the terms of the Option Agreement, the Optionor will receive a one-time payment in the amount of $1 million, in cash or shares of the Company, in the event a report compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“) establishes mineral resources valued over $100,000,000 with respect to the Nemaska2 Extension (the “Bonus“).
Closing of the transaction is subject to approval of the TSXV.
Qualified Person
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.
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”. Forward-looking statements include those relating to obtaining TSXV consent for the transaction, as there is no assurance the transaction will be completed as planned or at all. 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 Company’s ability to complete all payments and expenditures required under its mineral property option agreements; 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 the 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.
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.
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
Why Quebec?
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.
Marketing/Investor Relations
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).
Qualified Person
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.
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.
Vancouver, British Columbia – March 14, 2023. Brigadier Gold Limited (the “Company“, or “Brigadier“) (TSXV: BRG | FSE: B7LM | USA: BGADF) is pleased to announce today’s closing of its previously announced acquisition of 1000196193 Ontario Ltd. (the “Vendor“), a privately held corporation (the “Acquisition“) holding the right to acquire a 100% interest in the Nemaska2 lithium property.
About the Nemaska2 Lithium Property
The 3,040-hectare Nemaska2 Property is located adjacent to Li-Ft Power Lithium Project, Critical Elements Lithium and West of Nemaska Lithium (Whabouchi Project), located in northern Québec, approximately 160 km east of James Bay, near the community of Nemaska. Québec is a highly attractive investment destination for lithium production due to its supportive resource development sector, access to skilled labour and its proximity to the emerging European and North American electric vehicle markets. Canada also has free trade agreements with the United States and the European Union.
The Nemaska2 Property hosts at least 20 white pegmatite outcrops, most over 900-1000 meters squared and consistent with that of the Nemaska, Li-FT Power and Critical Elements Lithium Projects. The Quebec government carried out a large sampling program over the Nemaska2 Property and the geological report points to these white pegmatites containing spodumene. Further exploration of the property is recommended to identify additional pegmatite outcrops and spodumene occurrences.
Acquisition Terms
The Acquisition was completed pursuant to the terms of a share purchase agreement (the “Definitive Agreement“) dated December 16, 2022 with all the shareholders of the Vendor, whereby the Company acquired all of the issued and outstanding Common shares of Vendor from its shareholders in exchange for 35,000,000 common shares of the Company (the “Consideration Shares“) and a cash payment totalling $20,000. The Company will also pay to the optionor $20,000 on behalf of the Vendor within seven days of closing of the Acquisition.
The Acquisition is an arm’s length transaction for purposes of the policies of the TSX Venture Exchange (“TSXV“) and was completed as a “Fundamental Acquisition” pursuant to Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets of the TSXV’s Corporate Finance Manual. In connection with the transaction and as consideration for the benefit provided by 2674792 Ontario Ltd. (the “Finder“) in identifying and introducing to the Company the opportunity to complete the Transaction, the Company paid the Finder a finder’s fee consisting of 2,450,000 common shares of the Company (the “Finder’s Shares“). The Consideration Shares and the Finder’s Shares issuable in connection with the Transaction are subject to a four month hold period in accordance with applicable securities laws and TSXV policies.
Nemaska2 Option Agreement
Further to the news release of the Company dated December 19, 2022, the Vendor has entered into an option agreement, as amended (the “Option Agreement“) to acquire a 100% undivided interest in the fifty-seven (57) mining claims, covering approximately 3,040 hectares, located in the Nemaska area of Quebec, approximately 160 kilometres west of James Bay (the “Nemaska2Property“). Under the terms of the Option Agreement, in order to acquire a 100% interest in and to the Nemaska2 Property, subject to a 2% NSR and Bonus, the Vendor must pay an aggregate of $190,000, including $20,000 within seven days of the effective date of the agreement (which has been paid by the Vendor); $20,000 within seven days following approval of the Acquisition by the TSXV, and $50,000 on each of the first, second and third anniversaries of the date of the Option Agreement. Under the terms of the Option Agreement, the Vendor has agreed to make a one-time payment in the amount of $1 million, in cash or shares of the Vendor, in the event a report compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“) establishes mineral resources valued over $100,000,000 with respect to the Nemaska2 Property (the “Bonus“).
Filing of Technical Report for Nemaska2 Property
The Company advises that the NI 43-101 independent technical report for the Nemaska2 Property titled “NI 43-101 Technical Evaluation Report of the Nemaska2 East Lithium Project” with an effective date of March 10, 2023, has been filed under the Company’s profile on SEDAR at sedar.com. The qualified persons responsible for the technical report are Alain-Jean Beauregard, P. Geo., and Daniel Gaudreault, P. Eng., of Geologica Groupe-Conseil.
Qualified Person
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.
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 Company’s ability to complete all payments and expenditures required under its mineral property option agreements; 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 the 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.
The Nemaska2 Property is Located in the James Bay Lithium Endowment Zone, adjacent to Li-FT Power, Nemaska Lithium and Critical Elements Lithium
Vancouver, British Columbia – February 17, 2023, Brigadier Gold Limited (the “Company“) (TSXV: BRG | FSE: B7LM | USA: BGADF) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (“TSXV“) for its previously announced (December 19, 2022, January 25, 2023) acquisition of 1000196193 Ontario Ltd. (the “Transaction“).
1000196193 Ontario Ltd. has entered into an option agreement to acquire the Nemaska2 Lithium Property, in James Bay, Quebec. The 3,040-hectare Nemaska2 Property is located adjacent to Li-Ft Power, Critical Elements Lithium and West of Nemaska Lithium (Whabouchi Project with 27.3Mt proven and probable reserves of lithium and 33-year mine life) in northern Québec, approximately 160 km east of James Bay. Québec is a highly attractive investment destination for lithium production due to its supportive resource development sector, access to skilled labour and its proximity to the emerging European and North American electric vehicle markets. Canada also has free trade agreements with the United States and the European Union.
The Nemaska2 Property hosts at least 20 pegmatite outcrops, most over 900-1000 meters squared and consistent with that of the Nemaska, Li-FT Power and Critical Elements lithium projects. The Quebec government carried out a large sampling program over the Nemaska2 Property and the geological report points to these white pegmatites containing spodumene. Further exploration of the property is recommended to identify additional pegmatite outcrops and spodumene occurrences.
Completion of the Transaction is subject to the satisfactory completion of the TSXV’s conditions and receipt of final approval.
Qualified Person
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.
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”. Forward-looking statements include those relating to completion of the Transaction as proposed or obtaining final TSXV approval for the Transaction, as there is no assurance the Transaction will be completed as planned or at all. 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 Company’s ability to complete all payments and expenditures required under its mineral property option agreements; 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 the 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.
Vancouver, British Columbia – January 25th, 2023. Brigadier Gold Limited (the “Company“, or “Brigadier“) (TSXV: BRG | FSE: B7LM | USA: BGADF) is pleased to provide an update on its share exchange transaction previously announced December 16, 2022.
On December 16, 2022, the Company announced that it had entered into a share exchange agreement (the “Definitive Agreement“) dated December 16, 2022 with all the shareholders of 1000196193 Ontario Ltd. (the “Vendor“), a privately held corporation incorporated under the laws of Ontario, pursuant to which the Company agreed to acquire all of the issued and outstanding Common shares from the shareholders of Vendor in exchange for 35,000,000 common shares of the Company, subject to the terms and conditions set out in the Definitive Agreement (the “Transaction“) and the approval of the TSX Venture Exchange (the “TSXV“).
The Transaction is an arm’s length transaction for purposes of the policies of the TSXV and the Company has confirmed that the TSXV has determined that the Transaction is a “Fundamental Acquisition” pursuant to Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets of the TSXV’s Corporate Finance Manual and is reviewable on that basis. The Company had initially applied for the Transaction to be approved as an “Expedited Acquisition”, defined under Policy 5.3.
In connection with the TSXV’s review, the Company intends to submit a technical report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (the “Technical Report“). Completion of the Transaction will be subject to the TSXV’s satisfactory review of the Technical Report, as well as the completion of all other TSXV conditions and the closing conditions of the Definitive Agreement.
The Vendor has entered into an option agreement with 1Life Holdings Ltd., a private British Columbia corporation (the “Optionor“), dated November 8, 2022 (the “Option Agreement“) to acquire a 100% undivided interest in the fifty-seven (57) mining claims, covering approximately 3,040 hectares, located in the Nemaska area of Quebec, approximately 160 kilometres west of James Bay, Quebec (the “Nemaska2Property“), subject only to a 2% NSR and one-time bonus in favor of the Optionor. For further information about the Transaction, please see the Company’s news release Dated December 16, 2022.
“We are excited to begin work to complete the transaction of the Nemaska2 Property. Completing the Technical Report will add valuable information to the Company which will help direct us favourably upon the anticipated completion of the acquisition”, stated Robert Birmingham, Chief Executive Officer and President of Brigadier.
About the Nemaska Property
The 3,040-hectare Nemaska Property is located adjacent to Li-Ft Power Lithium Project, Critical Elements Lithium and West of Nemaska Lithium (Whabouchi Project), located in northern Québec, approximately 160 km east of James Bay, just outside of Nemaska. Québec is a highly attractive investment destination for lithium production due to its supportive resource development sector, access to skilled labour and its proximity to the emerging European and North American electric vehicle markets. Canada also has free trade agreements with the United States and the European Union.
The Nemaska2 Property hosts at least 20 white pegmatite outcrops, most over 900-1000 meters squared and consistent with that of the Nemaska, Li-FT Power and Critical Elements Lithium Projects. The Quebec government carried out a large sampling program over the Nemaska2 Property and the geological report points to these white pegmatites containing spodumene. Further exploration of the property is recommended to identify additional pegmatite outcrops and spodumene occurrences.
Qualified Person
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.
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”. Forward-looking statements include those relating to the preparation of the Technical Report and completion of the Transaction as proposed or obtaining TSXV approval for the Transaction, as there is no assurance the Transaction will be completed as planned or at all. 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 Company’s ability to complete all payments and expenditures required under its mineral property option agreements; 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 the 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.
Vancouver, British Columbia – December 19, 2022. Brigadier Gold Limited (the “Company“) (TSXV: BRG | FSE: B7LM | USA: BGADF) is pleased to announce that it has entered into a share exchange agreement (the “Definitive Agreement“) dated December 16, 2022 with all the shareholders of 1000196193 Ontario Ltd. (the “Vendor“), a privately held corporation incorporated under the laws of Ontario, pursuant to which the Company has agreed to acquire all of the issued and outstanding Common shares from the shareholders of Vendor in exchange for 35,000,000 common shares of the Company (“Consideration Shares“) subject to the terms and conditions set out in the Definitive Agreement (the “Transaction“) and the approval of the TSX Venture Exchange (the “TSXV“).
The Vendor has entered into an option agreement with 1Life Holdings Ltd., a private British Columbia corporation (the “Optionor“), dated November 8, 2022 (the “Option Agreement“) to acquire a 100% undivided interest in the fifty-seven (57) mining claims, covering approximately 3,040 hectares, located in the Nemaska area of Quebec, approximately 160 kilometres west of James Bay, Quebec (the “NemaskaProperty“), subject only to a 2% NSR and one-time Bonus (as defined below), in favor of the optionor.
Under the terms of the Definitive Agreement, the shareholders of the Vendor will exchange all of the issued and outstanding shares of the Vendor in exchange for 35,000,000 Consideration Shares at a deemed value equal to $0.025 per Consideration Share, being the market price of the Company’s common shares as of the date of the Definitive Agreement, and cash payments to the Vendor’s shareholders totalling $20,000. The Company has also agreed to pay to the Optionor, on behalf of the Vendor, $30,000 pursuant to the terms of the Option Agreement.
Closing of the Transaction is subject to certain conditions, including approval of the TSXV. The Transaction is an arm’s length transaction for purposes of the policies of the TSXV and the Company expects that the Transaction will meet the criteria of an “Expedited Acquisition” pursuant to Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets of the TSXV’s Corporate Finance Manual. In connection with the transaction and as consideration for the benefit provided by 2674792 Ontario Ltd. (the “Finder“) in identifying and introducing to the Company the opportunity to complete the Transaction, the Company agreed to pay the arm’s length Finder a finder’s fee consisting of 2,450,000 common shares of the Company (the “Finder’s Shares“). The Consideration Shares and the Finder’s Shares issuable in connection with the Transaction will be subject to a four month hold period in accordance with applicable securities laws and TSXV policies.
Option Agreement Terms
Under the terms of the Option Agreement, in order to acquire a 100% interest in and to the Nemaska Property, subject to a 2% NSR and Bonus in favor of the Optionor, the Vendor must pay an aggregate of $190,000, including $20,000 within seven days of the effective date of the agreement (which has been paid by the Vendor); $20,000 upon completion of an initial assessment report, and $50,000 on each of the first, second and third anniversaries of the date of the Option Agreement. The Vendor must also incur aggregate expenditures on the Nemaska Property in the amount of $130,000, including $30,000 within 60 days of signing the Option Agreement, and an additional $100,000 on or before the third anniversary of the effective date. Under the terms of the Option Agreement, the Vendor has agreed to make a one-time payment to the Optionor in the amount of $1 million, in cash or shares of the Vendor, in the event a report compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“) establishes mineral resources valued over $100,000,000 with respect to the Nemaska Property (the “Bonus“).
About the Nemaska Property
The 3,040-hectare Nemaska Property is located adjacent to Li-Ft Power Lithium Project, Critical Elements Lithium and West of Nemaska Lithium (Whabouchi Project), located in northern Québec, approximately 160 km east of James Bay, just outside of Nemaska. Québec is a highly attractive investment destination for lithium production due to its supportive resource development sector, access to skilled labour and its proximity to the emerging European and North American electric vehicle markets. Canada also has free trade agreements with the United States and the European Union.
The Nemaska Property hosts at least 20 white pegmatite outcrops, most over 900-1000 meters squared and consistent with that of the Nemaska, Li-FT Power and Critical Elements Lithium Projects. The Quebec government carried out a large sampling program over the Nemaska Property and the geological report points to these white pegmatites containing spodumene. Further exploration of the property is recommended to identify additional pegmatite outcrops and spodumene occurrences.
Qualified Person
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.
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”. Forward-looking statements include those relating to completion of the Transaction as proposed or obtaining TSXV consent for the Transaction, as there is no assurance the Transaction will be completed as planned or at all. 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 Company’s ability to complete all payments and expenditures required under its mineral property option agreements; 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 the 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.
VANCOUVER, BC / ACCESSWIRE / December 1, 2022 / Brigadier Gold Limited (the “Company” or “Brigadier“) (TSXV:BRG)(|FSE:B7LM)(OTC PINK:BGADF) announces the appointment of Steve Vanry as Chief Financial Officer and Corporate Secretary effective December 1, 2022. Mr. Vanry is currently a director and Chief Operating Officer of the Company.
The Company also extends its appreciation to Heidi Gutte for her contribution as the Chief Financial Officer and Corporate Secretary over the past year and a half. We wish Heidi continued success in her future endeavors.”
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.
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
VANCOUVER, BC / ACCESSWIRE / May 17, 2022 / Brigadier Gold Limited (the “Company” or “Brigadier“) (TSXV:BRG)(FSE:B7LM)(OTC PINK:BGADF) reports that it has made the decision to terminate the option agreement for the Picachos Project (previously known as the “Tango Project”), Sinaloa, Mexico.
Based on results of the Company’s 50-hole, 5057m drill program conducted during 2020 and 2021 at Picachos, Brigadier made the decision to terminate the agreement. Brigadier will focus its exploration and business development efforts on the Killala Lake diamond property and other opportunities.
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.
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.
Rock chip channel sample at La Gloria mine includes 20.76 g/t gold, 15 g/t silver, 0.54% copper across 0.72 m.
Vancouver, British Columbia – September 7, 2021 – Brigadier Gold Limited (the “Company” or “Brigadier”) (TSXV: BRG|FSE: B7LM|USA: BGADF) is pleased to announce further analytical results from additional trenches across the Colinas copper-silver discovery as well as results from the historic La Gloria Gold Mine at its Picachos gold-silver-copper project Sinaloa, Mexico (the “Picachos Project”, “Picachos” or the “Property”).
At Colinas, Trench BRG-50651 was collared 56 metres east-northeast of BRG-50250 (results in press release dated Aug. 4, 2021) and excavated by hand to the northwest for 81 metres. The principal result of BRG-50651 is 0.35% copper and 9 g/t silver across 30 metres between 51 and 81 metres. The anomaly is open to the northwest as shown on the map below. A further 112 metres to the northwest, BRG-50823 returned a result of 60 g/t silver, 0.11% copper and 0.21% lead across 5 m. This includes a result of 257 g/t silver, 0.21% copper and 0.45% Pb across 1 m between 4 and 5 m. Forty-five metres southwest of BRG-50250, BRG-50735 was excavated to the northwest for 113 metres. This trench is on the northwest bank of the arroyo El Habal and bedrock was partially discovered in between deep overburden. From here, an anomaly of 0.11% copper and 5 g/t silver was measured across 54 metres between 18 and 72 metres. At the end of the trench between 110 and 111 metres, one sample returned 1.43 g/t gold, 135 g/t Ag, 0.06% copper, 0.32% lead, 36 ppm molybdenum, 0.17% bismuth, 41 ppm tungsten and 74 ppm tin. This result is notable as it indicates that gold is present in the porphyry environment in sericitic alteration assemblages as well as in veins and stockwork deposits in propylitic and argillic altered volcanic rocks at higher elevations in the southeastern part of the Property.
Rob Birmingham, CEO, comments, “The exploration team led by veteran geologist Michelle Robinson continue to expand on previous successes at the Picachos Project. We’re pleased to see the precious metals rich, copper discovery announced on August 4th is growing in scale and providing the company with exceptional targets for further inspection. Furthermore, we are excited with the discovery of high grade gold, silver and copper in rock chip channel samples at the historic La Gloria mine. We look forward to providing shareholders with continued assays from these new discovery areas as they are received.”
Fig. 1 Geological Level Plan (380 m) showing several trenches across Colinas with results for copper and silver.
La Gloria Gold Mine is located 4.2 kilometres southeast of Colinas at 950 metres elevation. Mine access is an easterly trending adit 106 metres long that intercepts a honeycomb stope approximately 100 metres long and 1.5 metres wide that trends northwesterly. Sixteen rock-chip channel sample lines were cut across pillars in the stope. The best overall result was 20.76 g/t gold, 15 g/t silver, 0.54% copper, 0.57% Pb and 1.70% Zn across 0.72 m from BRG-50017. This includes 0.12 m of 123.56 g/t Au, 50 g/t Ag, 2.8% copper, 1.35% Pb and 8.00% Zn.
Fig. 2 Cross-Section of La Gloria showing the location of sample line BRG-50017. Stockwork veining in the hanging wall to La Gloria is modeled from 230 linear metres of trenching southwest of the adit.
Southwest of La Gloria, 230 linear metres of rock exposed by the bulldozer were sampled at one-metre intervals in eight individual trenches. In this area there are numerous prospect pits and shallow workings for gold hosted in pyroclastic rocks intercalated with intermediate volcanic flows. The most significant result is 25 metres of 0.53 g/t Au, 0.34% Pb and 0.57% Zn in BRG-121950 between 18 and 43 metres. This includes 2 metres of 3.05 g/t Au, 8 g/t Ag, 0.09% Cu, 0.60% Pb and 0.81% Zn between 41 and 43 metres.
Approximately 215 metres NW of La Gloria, exploration of historic soil sample MTA-50409 with values of 1.15 ppm Au resulted in discovery of the Ranas Vein. The best result from 7 cuts across Ranas is BRG-29957 with values of 6.63 g/t Au, 11 g/t Ag and 0.36% Zn across 1.7 metres.
Mechanized trench BRG-50601 was cut across La Cocolmeca Vein 330 metres north of La Gloria. An overall result of 0.39 g/t Au, 7 g/t Ag, 0.09% Cu, 0.08% Pb and 0.29% Zn was returned across 17 metres between 48 and 65 metres. Most of the gold is between 63 and 64 metres with values of 4.36 g/t Au, 6 g/t Ag, 0.09% Cu, 0.15% Pb, 0.47% Zn and 14 ppm W across 1 m.
Eighty metres northwest of La Gloria, Brigadier trenched 47 linear metres under historic soil samples MTA-50413 and 50414 with values of 1.13 and 1.53 ppm gold, respectively. Trench BRG-50501 has an overall result of 0.62 g/t Au, 2 g/t Ag, 0.12% Pb and 0.24% Zn between zero and 35 metres and exposed a geological contact between a glassy quartz porphyritic rhyolite flow-dome (0-22 m) and intermediate pyroclastic country rocks (22-47 metres). The glassy rhyolite is cut by hairline microcrystalline veinlets of quartz with epidote. Gold values in this stockwork/disseminated mineralization range from 0.2 to 0.64 ppm between the interval 0-13 metres, with an average value of 0.35 g/t Au across the first 13 metres. Between 13 and 22 metres, the western contact of the flow-dome contains 1.26 g/t gold across 9 metres with a maximum value of 3.57 g/t Au across 1 m (18-19 m). This type of rhyolite-hosted disseminated/stockwork gold with low base metal values has only been recently documented on the Property at a different flow dome near Santa Elena, 1.4 kilometres northeast of this prospect. This flow-dome has surface dimensions of approximately 250 metres by 350 metres merits further exploration as a disseminated/stockwork gold deposit.
Appendix
Analytical results for trenches on the Picachos Project. DL=Detection Limit. TW = True Width
From (m)
To (m)
TW (m)
Au (g/t)
Ag (g/t)
Cu (ppm)
Pb (ppm)
Zn (ppm)
Mo (ppm)
Bi (ppm)
W (ppm)
Sn (ppm)
BRG-50501
0.0
35.0
35.0
0.62
2
79
1176
2418
DL
DL
DL
DL
including
17.0
19.0
2.0
3.37
2
41
112
89
DL
DL
DL
DL
including
34.0
35.0
1.0
2.41
4
108
4196
4245
DL
DL
DL
DL
BRG-121863
5.0
10.0
5.0
0.45
1
38
410
901
DL
DL
DL
DL
BRG-121714
19.0
20.0
1.0
1.32
DL
163
2120
11400
DL
DL
DL
DL
BRG-121714
37.0
38.0
1.0
1.58
DL
45.3
240
712
DL
DL
DL
DL
BRG-121714
100.0
137.0
43.0
0.21
DL
243
974
2563
DL
DL
DL
DL
BRG-121714
137.0
143.0
6.0
4.99
3
772
2192
8397
DL
DL
DL
DL
BRG-27119
0.0
0.6
0.6
2.15
8
2343
7598
14503
DL
DL
DL
DL
BRG-27121
0.0
1.3
1.3
7.06
21
6415
3516
5125
DL
9
8
DL
including
1.1
1.3
0.2
41.05
36
30000
2269
3197
DL
42
27
DL
BRG-50002
0.0
1.0
1.0
0.40
DL
394
1393
3714
DL
DL
DL
DL
BRG-50004
0.0
0.6
0.6
0.03
DL
147
993
3500
DL
DL
DL
DL
BRG-50006
0.0
0.7
0.7
2.09
14
1875
7346
9427
DL
10
9
DL
including
0.0
0.1
0.1
14.02
49
10800
13300
25400
4
56
33
DL
BRG-50008
0.0
1.0
1.0
2.62
DL
269
1729
5848.1
DL
DL
8
DL
including
0.1
0.5
0.4
7.07
DL
405
3213
4589
DL
DL
14
DL
BRG-50011
0.0
1.0
1.0
3.20
5
741
4121
18870
DL
DL
DL
DL
including
0.1
0.1
0.1
22.34
9
2839
23700
20200
4
DL
11
DL
BRG-50013
0.0
0.7
0.7
1.35
5
733
3035
14032
DL
DL
DL
DL
including
0.0
0.1
0.1
4.06
8
1378
2492
7627
DL
DL
11
DL
BRG-50015
0.0
1.0
1.0
6.19
9
9647
6273
11447
2
13
13
DL
including
0.0
0.1
0.1
75.87
61
113000
37400
116000
7
137
104
DL
BRG-50017
0.0
0.7
0.7
20.76
15
5373
5716
16753
3
7
12
DL
including
0.6
0.7
0.1
123.56
50
28000
13500
79600
6
31
48
DL
BRG-50019
0.0
0.7
0.7
11.53
15
2402
3644
7108
2
5
10
DL
including
0.0
0.1
0.1
11.80
20
3584
5876
13700
2
8
17
DL
including
0.1
0.6
0.5
2.44
10
1184
3294
2263
2
3
5
DL
including
0.6
0.7
0.1
26.82
50
7747
3800
9899
3
13
16
DL
BRG-50023
0.0
1.0
1.0
0.84
DL
787
1351
6672
1
3
7
DL
BRG-50025
0.0
1.0
1.0
8.45
16
3884
13791
2860
3
11
14
DL
including
0.0
0.4
0.4
18.54
20
7847
28386
4357
7
23
25
DL
BRG-50030
0.0
0.7
0.7
4.50
5
1817
3433
3324
2
4
9
DL
including
0.0
0.1
0.1
35.76
9
6901
9105
9841
10
18
38
DL
BRG-50032
0.0
1.0
1.0
10.75
7
858
6497
6058
1
5
15
DL
including
0.0
0.1
0.1
64.70
23
4832
15700
33900
5
27
107
DL
BRG-50034
0.0
0.6
0.6
16.36
23
1355
17532
6639
1
8
19
DL
including
0.0
0.1
0.1
94.55
56
5409
19900
32200
6
15
36
DL
BRG-121863
8.0
10.0
2.0
0.85
DL
23
159
36
DL
DL
DL
DL
BRG-121880
0.0
39.0
39.0
0.20
DL
242
3321
5631
DL
DL
DL
DL
including
1.0
2.0
1.0
0.49
DL
193
514
1168
DL
DL
DL
DL
including
7.0
9.0
2.0
2.09
3
318
934
1709
DL
DL
DL
DL
including
11.0
12.0
1.0
0.02
DL
1034
8570
20000
DL
DL
DL
DL
including
24.0
26.0
2.0
0.89
DL
222
5817
4877
DL
DL
DL
DL
BRG-121920
4.0
22.0
18.0
0.57
DL
27
1416
2105
DL
DL
DL
DL
including
10.0
11.0
1.0
2.78
DL
16
668
893
DL
DL
DL
DL
including
21.0
22.0
1.0
2.52
DL
152
3348
5146
DL
DL
DL
DL
BRG-121950
18.0
43.0
25.0
0.53
DL
130
3364
5737
DL
DL
7
DL
including
26.0
28.0
2.0
1.21
DL
62
2182
6316
DL
DL
8
DL
including
41.0
43.0
2.0
3.05
8
889
6035
8093
DL
DL
13
DL
BRG-117281
6.8
7.0
0.2
3.57
14
1721
1749
43900
DL
10
42
DL
BRG-117281
9.0
10.0
1.0
0.58
DL
151
5232
12400
DL
DL
DL
DL
BRG-117294
16.0
30.0
14.0
0.90
DL
226
3246
3499
DL
DL
DL
DL
including
23.0
25.0
2.0
2.79
DL
964
4463
7358
DL
DL
DL
DL
including
19.0
20.0
1.0
3.12
DL
31
4029
1094
DL
DL
11
DL
including
28.0
30.0
2.0
1.25
DL
60
1665
1760
DL
DL
DL
DL
BRG-117328
7.0
15.0
8.0
1.29
DL
27
4242
6812
DL
DL
DL
DL
including
8.0
9.0
1.0
3.17
DL
78
3943
7355
DL
DL
DL
DL
including
10.0
11.0
1.0
3.08
3
2
3968
6401
DL
DL
DL
DL
including
13.0
14.0
1.0
2.64
DL
8
3231
4470
DL
DL
DL
DL
BRG-117344
0.5
1.5
1.0
1.21
DL
23
6312
12200
DL
DL
DL
DL
BRG-117344
19.5
29.5
10.0
0.70
DL
42
4269
10117
DL
DL
DL
DL
including
19.5
20.5
1.0
2.19
DL
3
3736
6106
DL
DL
DL
DL
including
28.5
29.5
1.0
1.97
4
227
6761
33400
DL
DL
DL
DL
BRG-50042
0.0
0.7
0.7
4.06
DL
40
4161
3964
DL
DL
DL
DL
BRG-50048
0.0
1.0
1.0
1.27
3
1147
4890
30500
DL
DL
DL
DL
BRG-27358
0.0
3.5
3.5
1.80
13
81
1016
1757
DL
DL
DL
DL
BRG-27362
0.0
0.7
0.7
19.13
11
134
1820
2680
2
DL
DL
DL
BRG-25202
0.0
0.8
0.8
7.17
10
333
4930
3910
DL
DL
31
DL
BRG-25203
2.0
3.0
1.0
20.14
36
1420
7390
25100
6
DL
20
DL
BRG-25204
0.0
0.3
0.3
16.69
37
167
6390
849
17
DL
98
DL
BRG-29936
0.0
0.3
0.3
4.28
9
1541
6796
29800
2
DL
25
DL
BRG-29938
0.0
2.0
2.0
1.50
6
1250
5132
4811
1
DL
28
DL
including
0.0
0.5
0.5
4.17
9
685
6806
4699
1
DL
38
DL
including
1.9
2.0
0.1
11.30
13
26800
4138
17400
8
DL
35
DL
BRG-29941
0.0
0.4
0.4
9.18
8
2561
16000
6644
3
DL
72
DL
BRG-29942
0.0
1.1
1.1
3.26
10
1964
11455
19473
2
DL
20
DL
including
0.3
1.1
0.8
4.26
8
2186
11400
20100
2
DL
18
DL
BRG-29944
0.0
1.1
1.1
7.19
8
921
2825
14600
DL
DL
13
DL
including
0.0
0.3
0.3
25.77
16
2040
3629
36500
DL
DL
20
DL
BRG-29948
0.0
0.4
0.4
6.80
40
17
216
60
DL
DL
DL
DL
BRG-27033
0.0
1.0
1.0
1.26
12
84
2163
703
9
DL
13
DL
BRG-29950
0.0
1.0
1.0
1.26
1
36.6
168
1386
DL
DL
DL
DL
BRG-29951
0.0
0.3
0.3
5.61
10
75.6
904
11100
DL
DL
DL
DL
BRG-29957
0.0
1.7
1.7
6.63
11
30
493
3642
DL
DL
DL
DL
including
0.7
1.7
1.0
9.95
16
34
705
5361
DL
DL
DL
DL
BRG-29959
0.0
0.6
0.6
2.75
17
94.9
279
305
DL
DL
DL
DL
BRG-29960
0.0
0.2
0.2
16.67
26
157
423
3392
3
DL
11
DL
BRG-29961
0.0
0.4
0.4
2.53
21
2790
4739
21300
4
8
DL
DL
BRG-29962
0.0
0.7
0.7
2.3
19
137
470
751
DL
DL
DL
DL
BRG-50601
48.0
65.0
17.0
0.39
7
889
765
2879
1
DL
6
DL
including
52.5
53.0
0.5
2.32
27
2944
2868
4939
4
DL
11
DL
including
63.0
64.0
1.0
4.36
6
856
1483
4703
2
DL
14
DL
BRG-50176
2.0
12.0
10.0
0.52
DL
93
1059
1888
DL
DL
DL
DL
including
6.0
7.0
1.0
2.37
DL
283
2449
2496
DL
DL
DL
DL
BRG-50820
0.0
3.0
3.0
0.03
11
547
355
274
13
54
29
29
BRG-50823
0.0
5.0
5.0
0.02
60
1134
2082
154
4
109
14
DL
including
4.0
5.0
1.0
0.02
257
2142
4459
315
2
278
27
DL
BRG-50651
8.0
15.0
7.0
0.01
9
135
250
57
22
848
155
16
BRG-50651
35.0
51.0
16.0
0.01
3
525
68
293
2
DL
DL
DL
BRG-50651
51.0
81.0
30.0
0.01
9
3455
52
245
7
5
7
DL
BRG-50735
18.0
72.0
54.0
DL
5
1119
35
141
35
7
8
7
BRG-50735
104.0
113.0
9.0
0.22
39
254
840
525
30
342
21
25
including
110.0
111.0
1.0
1.43
135
623
3182
538
36
1694
41
74
BRG-29966
0.0
1.0
1.0
0.20
3
126
212
231
6
DL
18
27
BRG-29967
0.0
2.0
2.0
0.01
3
2137
22
136
2
DL
DL
DL
BRG-50460
0.0
5.0
5.0
0.01
1
285
95
330
46
DL
678
25
including
2.0
3.0
1.0
0.01
1
176
122
129
61
DL
2460
55
BRG-50466
0.0
3.0
3.0
0.04
9
327
260
573
24
85
14
14
BRG-50469
0.0
11.0
11.0
0.01
3
599
18
97
25
DL
20
6
including
1.0
2.0
1.0
0.06
16
3240
18
105
90
DL
DL
DL
National Instrument 43-101 Disclosure
The technical information in this press release has been reviewed by Michelle Robinson, MASc., P.Eng., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Drilling was completed using PQ and HQ tooling. Core and sample handling procedures are documented in the Company’s press release dated October 22, 2020. Standard pulps, field duplicates, pulp duplicates and blanks are inserted into the sample stream. The samples were analyzed by SGS Laboratories in Durango using fire-assay methods for gold, and ICP methods with a 4-acid digestion for silver and base metals. SGS is an accredited laboratory. It is the Qualified Person’s opinion that the technical information disclosed in this press release is reliable.
Please visit our website to learn more about Brigadier Gold.
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
Robert Birmingham, Chief Executive Officer
rob@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.
