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Brigadier Gold Ltd (3)
Symbol BRG
Shares Issued 56,303,865
Close 2020-10-27 C$ 0.30
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Brigadier Gold continues drilling at Picachos

2020-10-27 10:05 ET - News Release

Mr. Ranjeet Sundher reports


The first three diamond drill holes of a 5,000-metre, 40-hole program at Brigadier Gold Ltd.'s Picachos property have intersected the San Agustin vein up to 125 metres below the historic Nuevo Carrito adit. Core from holes BRG-001 and 002 has been received by SGS Labs in Durango and core from BRG-003 will be picked up by SGS this week. Assays will be made public upon completion of the analytical work.

The 3,954-hectare Picachos gold-silver property is centred over the historic Viva Zapata national mineral reserve, Sinaloa, Mexico, and features 46 veins, including San Agustin. The San Agustin mine was the subject of underground channel sampling by a prior operator which returned an average grade of 81.22 grams per tonne (g/t) gold (Au) and 73.36 g/t silver (Ag) across 1.2 metres (m). Values of 185 g/t Au were cut across the bottom of a production shaft (sample HBM-73175).

Ranjeet Sundher, president and chief executive officer, comments: "Michelle Robinson and her team on the ground at Picachos have delivered promising early results indicating that the vein which hosts the historic high-grade San Agustin gold mine may be of material width and vertical continuity. The project's first-ever diamond core drill program is playing a substantial role in assisting the company to better understand the geology and structure of the four vein systems we are targeting, while uncovering important details previously unknown to historical operators."

BRG-001 is collared at the El Carrito adit. El Carrito is oriented easterly (azimuth 110 degrees) at an elevation of about 673 metres and crosscuts argillite in the hanging wall of the San Agustin vein. Elevated values of gold and silver occur in the adit between 49 and 51.5 metres where results of 2.59 g/t Au and 22 g/t Ag across 2.5 metres were previously obtained. Although the adit continued across the vein, that area is collapsed and no longer accessible. BRG-001 was drilled easterly (azimuth 112 degrees) for 96.7 metres and dips minus 55 degrees. Core recovery was as low as 70 per cent between 70 and 75 metres downhole. Quartz-carbonate veining was intercepted between 75 and 82 metres downhole. It appears that BRG-001 cut through underground workings just above HBM-73175 and about 10 metres below historical sample line MCA-20569 which sample line returned XRF values of 94 parts per million (ppm) silver, 0.3 per cent copper, 0.4 per cent lead and 2 per cent zinc across 1.6 metres. Approximately 15 metres above sample line MCA-20569, historical sample line MCA-25881 had a lab assay result of 29.5 g/t gold, 83 g/t silver, 0.1 per cent copper, 0.5 per cent lead and 0.6 per cent zinc across approximately 2.6 metres.

BRG-002 is collared at the same location as BRG-001 and is angled minus 66 degrees under BRG-001. BRG-002 intercepted quartz-carbonate veining between 93 and 103 metres downhole, approximately 25 metres downdip of BRG-001 and is believed to be well under all of the underground workings. Similarly, BRG-003 is drilled under BRG-002 at a dip of minus 75 degrees. BRG-003 intercepted quartz-carbonate veining between 123 and 130 metres downhole, approximately 40 metres downdip of the intercept of BRG-002. Collectively, these historical and new drill hole intercepts have defined the San Agustin vein for more than 170 metres downdip from surface.

National Instrument 43-101 disclosure

The technical content of this press release has been reviewed and approved by Michelle Robinson, master of applied science, professional engineer and a qualified person as defined by National Instrument 43-101. Core and sample handling procedures are documented in the company's press release dated Oct. 21, 2020. It is the qualified person's opinion that the technical information disclosed in this press release is reliable.

About Brigadier Gold Ltd.

Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Its 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, the company is focused on advanced exploration opportunities in politically stable jurisdictions.

We seek Safe Harbor.

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