Gold is soaring and BGADF announces huge news this morning

Published: Wed, 05/26/21


 

Subscribers,

Gold prices have been surging higher in recent weeks 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 Makes Copper Discovery at Picachos

Exploration Continues on Gold-Silver Targets Identified in Phase-1 Diamond Drilling

VANCOUVER, BC / ACCESSWIRE / May 26, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSXV:BRG)(FSE:B7LM)(OTC PINK:BGADF) is pleased to announce the discovery of bulk tonnage type copper mineralization in trenching and further results from exploration of newly identified gold targets at its Picachos gold-silver-copper project Sinaloa, Mexico (the "Picachos Project," "Picachos" or the "Property"). Additional assays from phase-1 diamond drilling are anticipated to be received in June.

Pichachos, located approximately four hours' drive from the city of Mazatlan, covers 3,954 hectares and overlaps 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.

Rob Birmingham, President and CEO, remarks, "We're proud of the team effort put into acquiring, financing, and driving exploration and development at Picachos. Exploration and diamond drilling efforts led by head geologist Michelle Robinson, have successfully identified an extensive mineralized vein system and numerous targets for follow up investigation, including a large, unexplored copper porphyry target situated in the northern part of the Property. We look forward to implementing a cost-effective approach aimed at further de-risking Picachos and building on the technical success achieved to date."

Copper Discovery

Brigadier has initiated trenching across historic anomalies considered prospective for bulk-tonnage style copper mineralization. Trench BRG-50250 was located approximately 2 kilometres south of a trench cut by Brigadier across several hundred metres of molybdenite in the winter of 2020. The first 50 metres of BRG-50250 have been sampled and analyzed using the field XRF and returned copper values between 0.05% and 1.34% and silver values between 20g/t and 284g/t. These samples will be sent to the lab when the trench is complete and mineralized intervals formally reported after that.

La Gloria Gold Target

Brigadier has completed mapping and sampling of the historic La Gloria underground gold mine in the central part of its Picachos Project. In 2020, Brigadier intercepted La Gloria in DH-BRG-028 between 140 and 141 metres depth where a value of 6.26 g/t gold across 1 metre was returned. This intercept was 112 metres below the historic workings. In the plane of the vein, the known underground workings are 60 to more than 130 metres below topography. Collectively, diamond drilling and the underground workings define the position of La Gloria Vein for more than 240 metres down-dip.

La Gloria stope is accessed by a 105 metre long cross-cut at the 950 metre elevation that trends easterly. The cross-cut and drill hole locations are now tightly controlled by a high-resolution airborne LiDAR survey recently completed by Eagle Mapping. From the portal, La Gloria cross-cut and stope was surveyed using a Brunton and tight chain.

From the mine portal to 71 metres, the host rocks consist of intermediate volcanics that are dark grey-green and contain amygdules that are filled with quartz, chlorite and calcite. The stope was mapped for approximately 35 metres northwest of the cross-cut and 65 metres to the southeast. La Gloria Vein strikes 155°-160° and dips 80°-65° southwesterly.

Samples were cut every metre along the cross-cut to identify any metal bearing veins or veinlets in the hanging wall to La Gloria and clean off the dust for geological mapping. In the stope, the historically worked faces form a honeycomb and samples were cut across the back or working faces where rock conditions were safe for sampling. Fifteen sample lines of one to three samples each were collected across the vein and these have been submitted today to SGS in Durango for gold and base metal analyses. Gold is apparent in panned concentrates of several samples.

Drill Results Pending

Assays are still pending for 518 metres of drilling completed in phase-one, most of which is from a 3-hole fence drilled across El Placer Norte where underground sampling returned grades of up to 12.79 g/t across the Huarache Vein. Perhaps more significantly, a surface trench across the El Placer trend returned values of 0.5 g/t gold across 65 metres in BRG-117154. This was followed by 8 metres of 2.14 g/t gold in adjacent trench BRG-117146.

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.


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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.


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