15:56:37 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Brigadier Gold Ltd (3)
Symbol BRG
Shares Issued 115,239,689
Close 2023-06-01 C$ 0.09
Market Cap C$ 10,371,572
Recent Sedar Documents

Brigadier Gold starts phase 1 exploration at Nemaska2

2023-06-01 14:19 ET - News Release

Mr. Robert Birmingham reports

FIELD WORK COMMENCES AT BRIGADIER'S NEMASKA2 LITHIUM PROJECT, JAMES BAY, QUEBEC

Brigadier Gold Ltd.'s phase 1 exploration has commenced at its recently expanded Nemaska2 lithium property, James Bay, Quebec. The focus of the program is to confirm and further delineate pegmatite outcrops mapped and sampled in historical government work programs that will lead into a mid-summer drill program.

The phase 1 program at Nemaska2 is being carried out by the company's technical partner Geologica Groupe-Conseil of Val d'Or, Que.

Spring 2023 exploration program

Exploration at Nemaska2 will feature a particular focus on the about 20 white pegmatite outcrops, each approximately 1,000 square metres in size. Particular attention will be applied to discover the possible existence of additional pegmatite dykes or other favourable structures. The company anticipates this initial program will delineate targets for a mid-summer inaugural drill program.

"We are excited to initiate our phase 1 of work on the Nemaska2 property," stated Robert Birmingham, president and chief executive officer of Brigadier Gold. "This crucial first step of exploration alongside our technical partner Geologica, will help aid us in advancing the property to reaching our objective of launching a drill campaign this season."

Nemaska2 may be one of the most conveniently located properties in the region for access, logistics and infrastructure, which will allow Brigadier to conduct its exploration programs and publish results in an efficient and timely manner.

With the recently closed private placement the company is fully financed to carryout phase 1 exploration at Nemaska2.

Historical exploration

The Quebec government has previously carried out a large sampling program and also an airborne magnetometric survey over Nemaska2 which 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 to the formation of pegmatites and other metals. The presence of pegmatites recognized during the regional reconnaissance mapping, anomalous values of Li and Cs in regional till sampling, and the presence of a major lithium deposit (Whabouchi deposit) in the area, are all elements favourable to the existence of mineralization sought by the company.

More information can be found in the National Instrument 43-101 technical report filed by the company under its SEDAR profile on March 14, 2023

Nemaska2 expansion

On March 20, 2023, the company entered into a property option agreement with a private British Columbia corporation to acquire a 100-per-cent undivided interest in 105 mining claims, covering approximately 5,300 hectares, located in the Nemaska area of Quebec, approximately 160 kilometres west of James Bay in Quebec (see press release dated March 22, 2023).

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 40 km 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.

Under the terms of the option agreement, in order to acquire a 100-per-cent interest in and to the Nemaska2 extension, subject to a 2-per-cent NSR and bonus in favour of the optionor, the vendor must pay an aggregate of $250,000, including a cash payment of $10,000 within 14 days of the effective date of the option agreement (paid); a cash payment of $40,000 within 90 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 establishes mineral resources valued over $100-million with respect to the Nemaska2 extension.

Qualified person

Garry Clark, PGeo, a member of the company's board of directors, a qualified person under NI 43-101, has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

We seek Safe Harbor.

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