BGADF bounce is confirmed + news this morning

Published: Thu, 04/01/21


 

Subscribers,

Gold prices have been bouncing over the past couple days and we think a past winner BGADF could bounce big with it.

The last time we alerted BGADF it delivered almost 30% short term gains. This time could be even bigger.

The Company just announced this news... 

Brigadier Continues Phase-1 Exploration at Picachos High Grade Gold-Silver Property and Announces Appointment of new Director, President and CEO

Drilling Under Recently Discovered Outcrop Returns Wide Intercept

VANCOUVER, BC / ACCESSWIRE / April 1, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSX.V:BRG)(FRA:B7LM)(OTC PINK:BGADF) continues to drill its Picachos gold-silver project, Sinaloa, Mexico (the "Picachos Project", "Picachos" or the "Property"). To date 4538 metres of the planned 5000-meter phase-1 diamond drill program has been completed in 43 holes (Figure 1) with assays for 15 holes pending.

Currently, the drill is testing Punto Cinco, a recently discovered outcrop of the Cocolmeca Vein located about 1.2 kilometres northeast of San Antoñio (Figure 3).

"I don't think I've ever seen this much textural complexity of quartz in one drill hole before", commented Geologist and Qualified Person, Michelle Robinson. DH-BRG-043 from Punto Cinco is definitely part of a significant mineral chute, and I look forward to interpreting the assay data when it is ready."

The principal target of the phase-1 campaign was the ENE trending Colcomeca Vein system that trends for more than 7 kilometres along the diagonal of the Property. This structure was tested in the winter of 2020 near the San Agustín Mine portal, and under the historic San Antoñio Mine 2.6 kilometres northeast of San Agustín. In the spring of 2021, Brigadier tested under the historic Guayabo Mine, located 180 metres southwest of San Antoñio (Figure 2).

Mineralization at Guayabo is hosted near the faulted contact of andesitic volcanics of probable Jurassic age that are intruded by megacrystic gabbro of probable Early Cretaceous age with intermediate ignimbrites that are correlated to the Socavon member of the Late Cretaceous Tarahumara Volcanic arc. Several stages of mineralization are apparent from inspection of the drill core: (i) pervasive silicification with disseminated sulfide that is oxidized to hematite, (ii) crustiform quartz veining with sulfides, and (iii) cockade breccias in the central part of the structure. These breccias consist of angular rock fragments that are altered to a soft black mica on fragment margins. These altered rock fragments are surrounded by mamillary quartz interbanded with sulfide that is oxidized to hematite and oxidized copper minerals such as chrysocolla.

At Punto Cinco, the Socavon member is faulted against rhyolitic volcanics and ignimbrite that probably correlate to the Paleocene-Eocene Productive Volcanics mapped at other locations in the western Sierra Madre such as the Tayoltita gold-silver mine in Durango. At Punto Cinco, rocks altered by pervasive silicification and deposition of disseminated sulfide were brecciated to aggregate breccia (a breccia formed of quartz fragments) prior to mineralization by crustiform quartz. Like Guayabo, the central part of the structure is marked by cockade breccia, angular rock fragments with crustiform mammillary bands. At Punto Cinco, these bands include delicate encrustations of zonal rose quartz interbanded with oxidized copper minerals and hematite.


Cross-Section of DH-BRG-033 looking east-northeast under the historic Guayabo Mine. La Cocolmeca Vein is located near the faulted contact of gabbro of probable Early Cretaceous age against ignimbrite correlated to the Socavon member of the Tarahumara volcanic arc. Colorin Vein is a northwesterly trending vein that will be introduced in a later press-release. Data from MTA-19712 are historic.

Cross-Section of DH-BRG-043 looking east-northeast under trench BRG-121605. This section is located 1.4 kilometres northeast of DH-BRG-033. La Cocolmeca Vein is located near the faulted contact of ignimbrite of Campanian age against ignimbrite correlated to the Productive member (volcanics of Paleocene to Eocene age) of the Tarahumara volcanic arc.

New Director, President and CEO

Brigadier also announces, subject to approval by the TSX Venture Exchange (the "Exchange"), that Mr. Robert Birmingham has been appointed as a director, President and Chief Executive Officer of the Company. Mr. Birmingham has over 15 years of public markets experience, with a focus on management, investor relations and capital raising. He is currently CEO and Director of New Destiny Mining Corp. (TSX.V: NED), and Director of BIGG Digital assets (CSE: BIGG). He has been on the board of multiple TSX.V and CSE listed companies. Mr. Birmingham holds of Bachelor of Business Administration from Capilano University.

Mr. Birmingham succeeds Mr. Ranjeet Sundher as President and Chief Executive Officer and Ms. Bev Funston as a director. Mr. Sundher remains a director of the Company. Brigadier would like to thank Ms. Funston for her service to the Company and wishes her the best in her future endeavours.

Mr. Birmingham comments, "I am thrilled to join the Brigadier team alongside top tiered Geologist Michelle Robinson, whose passion and plan to execute an aggressive drill program on Brigadier's Picachos Project made this opportunity particularly motivating. I plan to utilize my management and investor relations experience to give the Company more visibility as we anticipate a very active and exciting 2021."

In connection with Mr. Birmingham's appointment, subject to approval by the Exchange, Mr. Birmingham is entitled to receive, in addition to his salary, a grant of 500,000 restricted share units ("RSUs"). The RSUs vest 6 months from the date of grant and expire on April 1, 2024. Vested RSUs may be redeemed, in whole or in part, at any time prior to expiry for common shares in the capital of the Company, the cash equivalent, or any combination thereof, at the discretion of the Board of Directors of the Company.

Read in full at https://finance.yahoo.com/news/brigadier-continues-phase-1-exploration-120000634.html


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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.

Picachos Project

Brigadier’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 Sediments

Picachos 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 sediments
Anomalous 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 Project

Brigadier 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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