BGADF explodes to the upside
Published: Thu, 01/21/21
![]() Subscribers, On Monday we introduced you to BGADF, and yesterday we were rewarded with some 18% gains. We are keeping BGADF on our radar for the rest of the week as we believe there could be more short term upside, possibly to the $0.30 level, the recent high from back in September. BGADF just issued a big press release yesterday morning that could get the attention of investors and traders alike... Brigadier Intercepts 9.49 g/t Gold and 24 g/t Ag across 3 Metres at PicachosDrilling and Surface Sampling Results Indicate Primary Vein System Contains Over 7 Kilometres of Robust Mineralization Drill Assay Results from Other Previously Untested Prospective Zones Expected During January VANCOUVER, BC / ACCESSWIRE / January 19, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSXV:BRG)(FSE:B7LM)(OTC PINK:BGADF) is pleased to provide additional diamond drill and surface sampling results from ongoing phase one exploration at its Picachos gold-silver project, Sinaloa Mexico (the "Picachos Project" or the "Property"). Brigadier has completed 3085 metres of diamond drilling in 28 holes on the Picachos Project. Assays are now available for 20 holes (Table 1), and samples from the remaining holes are in-progress at SGS Laboratory in Durango. Drilling highlights include:
Geologist and Qualified Person Michelle Robinson comments "I am really pleased with our results so far from San Agustín. The structure is persistent and strongly mineralized. Although our sampling with a diamond drill is not perfect due to the challenging sub-surface conditions, it definitely indicates a robust gold-bearing vein of substantial width and strike length of over seven kilometers. I look forward to expanding the depth and strike length in 2021, as well as continuing the exploration of the rest of the CVS (Colomeca Vein System), particularly in the central Cocolmeca area where a swarm of northwesterly trending veins intersects the east-north-easterly trending Cocolmeca Vein System." Ranjeet Sundher, President and CEO, also comments "We are impressed with the speed in which Michelle and her team is de-risking the Picachos Project and increasingly demonstrating its regional scale potential. With just a small portion of the asset explored to date, I'm looking forward to keeping shareholders abreast as we aggressively move forward to further define the Colomeca Vein System while also commencing examination of the large copper-molybdenum porphyry target located on the northern part of the Property." Of the 28 holes drilled to date, fourteen (1704.28 metres) were drilled to test the San Agustín Vein, 10 holes (1029 metres) tested surface exploration targets defined by trenching, 2 holes (168.5 metres) tested under the historic San Antoñio Mine and one hole tested under the historic La Gloria Mine. San Agustín and San Antoñio represent two gold-rich, polymetallic mineral chutes about 2.5 kilometres apart on Brigadier's regional-scale Cocolmeca Vein System (CVS), and La Gloria historically produced gold from a northwesterly trending vein roughly orthogonal to the CVS. The CVS has been defined at varying levels of certainty along the east-northeasterly trending diagonal of the Picachos Project for more than seven kilometres. Six surface rock chip-channel results that help define the location of the CVS include:
Figure 1. Overview map of surface results 1 to 6 (above) on the surface trace of the CVS, highlighted in yellow. Locations of 2020 diamond drill sites are marked in black circles labeled DH. Holes 26 and 27 are below trench site 4 (MTA-19856). The Picachos Project boundary is in navy blue. The internal concession that is held by a subsidiary of Fresñillo PLC is marked in grey. The yellow CVS dips northwesterly, into the center of the Property. During the Fall of 2020, the Company primarily explored the down-dip potential of the southwestern most segment of the CVS that was historically exploited by Minas de Picacho from San Agustín Adit Level 646 in the 1990's. Three fences of holes were drilled up to 130 metres north of this adit, and three fences were drilled up to 90 metres south of Level 646. Overall, a strike length of about 210 metres was tested. Most mineral intercepts were located between 650 and 550 metres elevation. The deepest test was in DH-BRG-007 at 530 m elevation or 200 metres below topography. Geologically, the mineralization is located at the faulted and sheared contact between metamorphosed, thickly laminated, sulfide-rich argillite of deep marine origin and porphyritic intermediate continental volcanic rocks correlated to the Tarahumara Formation. Fault damage on this regional-scale geological terrane boundary is profound with shearing and quartz veining evident at several locations in the hanging wall to the San Agustín Vein. On Figure 3, a preliminary interpretation of what this veining might look like is shown in the rose color in the Picachos Project fault block. Some results from quartz veins and veinlets in the hanging wall to the San Agustín Vein are:
Figure 2. Long section of the San Agustín Vein, looking west northwesterly, showing principal results from diamond drilling, underground and surface sampling completed by the Company in the fall of 2020. This section displays data from 12.5 meters in front of and behind the plane of the page. Figure 3. Level Plan of the San Agustín Vein. All 14 diamond drill holes intercepted gold-rich polymetallic mineralization at the faulted contact between metamorphic argillite of submarine origin (blue) and altered continental volcanic rocks correlated to the Tarahumara Formation (greens). In the hanging wall (Picachos Project fault block), there are several quartz veins and veinlets hosted in the argillite. In rose, a possible interpretation for some of the hanging wall intercepts is shown. At Los Tejones, encouraging results of 1.85 g/t Au were cut across 10 meters in a surface trench (BRG-120920). About 50 meters to the northeast, a second trench cut 1 meter of 428 g/t Ag (BRG-119913). Rock discovered by both trenches was deeply weathered and structures controlling the mineralization were mostly not obvious. Drill testing under these anomalies returned anomalous base metals but subdued precious metals (DH-BRG-015 to 20). Geologically, disseminated and stockwork mineralization occurs at the faulted contact between magnetic andesitic volcanics that might be Jurassic in age, and intermediate volcanic rocks correlated to the Tarahumara Formation. Results from other surface trenches include:
Table 1. List of results from drill holes and trenches completed by the Company in the fall of 2020.
The Picachos Project's location, situated 25 kilometres equidistant from two recent bonanza grade discoveries of Vizsla Resources and GR Silver and along the same mineralized trend, positions Picachos Project as a truly exciting opportunity for Brigadier and our shareholders. The 3,954 hectare Picachos Project is centered over the historic "Viva Zapata" National Mineral Reserve, Sinaloa, Mexico. It overlaps two mineralized systems, a porphyry copper-molybdenum system hosted by a Paleocene granite-granodiorite intrusive complex, and a gold-silver vein complex comprised of both east-northeasterly trending veins (La Cocolmeca Vein System) and northwesterly trending veins (El Placer System). Sericitic alteration related to the porphyry system has been mapped over the northwestern two-thirds of the Property. Quartz-biotite veinlets with chalcopyrite and bornite occur in the central part of this broad zone of sericitic alteration and imply the presence of a significant porphyry system at depth. La Colcomeca Vein system has been mapped from San Agustín Underground Gold Mine in the southwestern part of the Property to El Pino seven kilometres to the northeast. In the central part of the Property, the best exposure of the northwesterly trending system occurs between La Gloria Underground Gold Mine and the Urrea Gold Mines, located 630 metres southwest of La Gloria. In this area, other northwesterly trending veins between these veins include Paldodismo, Colorin, Salvador, Trompetas and Mangos. On the eastern part of the Property, Tatemales and La Botica define a four kilometre long trend. The growing inventory of priority drill targets underscore the untapped potential of this particular region of Sierra Madre Occidental epithermal belt. Please visit our website to learn more about Brigadier Gold. National Instrument 43-101 Disclosure About BGADFBrigadier 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. Picachos ProjectBrigadier’s 100% controlled Picachos project is a 3,954 hectare gold and silver prospect located in Sinaloa State, Mexico Prior to 2002, the mineral tenure was fractured by several small concessions until they were assembled into a contiguous land package between 2003 and 2012. Picachos hosts over 160 underground historic mines, workings and prospects which have yet to undergo modern, systematic exploration and drilling. Primary targets include under-explored gold veins within the historic San Augstin mine and La Gloria, a historic mine with rock samples containing 21.1 g/t Au and 6 g/t Ag across 0.8m (Sample #15659) Overview The 3954.1 Ha Picachos Property overlaps a significant porphyry system centered in Southern Sinaloa State, Mexico, near geographic co‐ordinates 105º45’W and 23º12’ N. Mining concessions that define the Property were acquired by staking between 2003 and 2012 over the former “Viva Zapata” Mineral Reserve, a project that was staked and explored by the Servicio Geologico Mexicano in the 1980’s (Bon‐Aguilar, 1987 and Rodriguez‐Rodriguez et al., 1984).Geographically, the Property overlaps part of the western foothills of the Sierra Madre Occidental, one of the world’s largest silicic igneous provinces (Aranda‐Gomez et al.,2003). Regional geochemical work by the SGM at the turn of the millennium highlighted the Reserve as one of the largest contiguous anomalies for gold and base metals in southern Sinaloa and Northern Nayarit. Detailed Gold Geochemistry in Stream SedimentsPicachos is situated on one of the largest high-amplitude contiguous anomalies for gold and base metals in the western Sierra Madre with values up to 6841 ppb Au in fine-fraction, active channel stream sedimentsAnomalous drainages are on the northeasterly trending Cocolmeca Fault (San Agustin historic mine) and northwesterly trending veins related to Oligocene and Miocene extension (El Placer, Mirador). Killala Lake ProjectBrigadier Gold Ltd. has entered into an option agreement with Rudolf Wahl and Mike Dorval, together doing business as the Wahl Group, to acquire a 100-per-cent interest in the Killala Lake South diamond property, consisting of 46 cell claim units located in Killala Lake, Foxtrap Lake area townships, Thunder Bay mining district, Ont., subject to reservation of royalties in favour of the Wahl Group. Killala Lake Area Madonna Diamond Dyke A 1 tonne sample was taken and processed at Kennecott DMS plant in 2007-2008. Over sixty macro diamonds, including eight commercial sized diamonds were recovered. Colours included white, green, yellow, brown and grey diamonds with an average grade of 0.23 carats for the first sample taken. About half of the one tonne sample was taken from the fine-grained, chilled margin portion of the dyke from which one would expect a low diamond carrying potential.The dyke is approximately 1 to 2 meters wide at outcrop with strike/dip-direction at 009/065. The rock is macro-cryptic and dark comprised of approximately 20% olivine (up to 0.5cm), up to 2% garnet with reaction rims (0.2 cm), and minor cox in dark grey crystalline matrix. Magnetic susceptibility values ranged up to 10 SL. Some highly weather/baked country rock xenoliths were present. The dyke is layered or branded and contains both macro-crystic portions and non-macro-crystic bands, which are generally closer to the contact. The Majority is macro-cryptic. The dyke can be traced in outcrop for approximately 50 meters. The dyke intrudes into granitoids with <0.5 SI magnetic susceptibility, and dips 65 degrees at the hanging wall and 78 degrees at the footwall, so the diamond bearing dyke will have a larger width at depth. A ground magnetic survey and MMI survey was created within the surrounding area of the diamond dyke. These survey’s outlined a large kimberlite pipe target just to the south of the diamond dyke and other kimberlite targets within close vicinity of the diamond bearing dyke. Get BGADF on your trading screen immediately, there is literally no time to waste. This company deserves your attention, and we think there could be plenty of upside given the small market cap and news. Not to mention the trading history of BGADF suggests that quick gains are possible. All the best. SmallCapMomo.com picks@smallcapmomo.com --------------------------------------------------------------------------------------------------------
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