Brigadier Discovers and Samples Several Historic Underground Mines at its Picachos High Grade Gold-Silver Property

Rhea-AI Summary

Brigadier Gold Limited (USA:BGADF) has reported the discovery and systematic sampling of over two dozen historic underground workings at its Picachos gold-silver project in Sinaloa, Mexico. The company has rehabilitated and mapped 29 mine workings, concentrating on the El Cobre and El Placer Norte areas. Preliminary assay results show promising mineralization, including significant copper and silver grades. This initiative aims to enhance understanding of the mineralizing systems, aiding in future drilling targets. Assays for several samples are pending, indicating the potential for further discoveries.

Positive

• Discovery of over two dozen historic mine workings at Picachos.
• Systematic sampling and mapping have improved understanding of mineralization.
• Preliminary assays show up to 3.3% copper and 108 g/t silver.
• Shallow drilling planned to further identify drill targets.

Negative

• Most assay results from El Cobre and El Placer Norte are still pending.

VANCOUVER, BC / ACCESSWIRE / March 22, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSXV:BRG) (FSE:B7LM) (USA:BGADF) is pleased to announce the discovery, and systematic sampling of over two dozen historic underground workings at its Picachos gold-silver project, Sinaloa Mexico (the "Picachos Project", "Picachos" or the "Property").

Brigadier has rehabilitated, mapped and sampled 29 newly discovered historic mine workings in the central part of the Property near the intersection of the ENE trending Cocolmeca Vein system (CVS) and northwesterly trending El Placer system. The underground workings are concentrated in two areas named El Cobre and El Placer Norte (Figure 1).

Having discovered, accessed and sampled these underground workings was an efficient and inexpensive way to improve the Company's knowledge of the mineralizing systems at Picachos. The pending assay results together with related surface trenching and nearby diamond drilling will assist in understanding the mineralization on the property and greatly assist in identifying our next drill targets.

"There is a lot of geological action in the Cobre Area", commented Geologist and Qualified Person, Michelle Robinson. "We have northerly trending veins represented by El Cobre, Las Calzadas and 27047. These appear cross-cut and offset by the northwesterly trending El Herrero Vein. More recent strike-slip movement on La Cocolmeca is regionally important and apparently offsets some vein segments. Further, the intrusive rocks into the volcanic pile contain orbicules, a feature indicative of volatile-rich melts capable of generating robust hydrothermal systems in the porphyry environment. For now, we are exploring the vein potential, but this Project has an exposed porphyry system in the northwest, and buried parts may be discovered by drilling under veins such as El Cobre".

El Cobre Area

At El Cobre, five principal veins have been identified: (i) El Cobre, (ii) El Herrero, (iii) Las Calzadas, (iv) La Cocolmeca and (v) Vein 27047. The veins are hosted in ignimbrites correlated to the Socavon member of the Late Cretaceous Tarahumara Volcanic Arc. These ignimbrites unconformably overlie submarine andesitic volcanic rocks tentatively assigned to the Jurassic Guerrero Terrane. The strata are intruded by orbicular monzonite porphyry that is younger than the 74-million-year-old Socavon Ignimbrite. Brigadier has assay results for Level 755, a crosscut 10.1 metres long oriented 070° NE across El Herrero Vein (Fig. 2). The first 8 metres intercepted 0.12% copper in a quartz-chalcopyrite-pyrite stockwork hosted in pervasively silicified ignimbrite. The last 2.1 metres intercepted 3.3% copper and 0.56% lead with 108 g/t silver, 0.1 g/t gold, 177 ppm bismuth and 23 ppm tungsten. Most of the assays for El Cobre are pending.

El Placer Norte Area

At least six veins comprise the northern part of the El Placer Vein system (i) Las Tacuachas, (ii) Los Lentes, (iii) Coralillo, (iv) La Chivera, (v) El Huarache y (vi) Pantufla. These veins are hosted in rhyolitic ignimbrite of probable Paleocene age that unconformably overlie the Socavon Ignimbrite. These veins were defined by mapping and sampling historic workings between 1000 and 1180 metres elevation. The historic workings are mainly short adits that follow narrow higher-grade intervals within the larger El Placer Vein system. Individual sample results for Las Tacuachas, Los Lentes and Corallio are in Table 1. The best result from the underground work was 31.4 g/t Au, 11 g/t Ag, 0.2% Cu, 0.5% Pb and 2% Zn across 0.3 m in sample BRG-25139. To better understand the potential of the larger system Brigadier did 80 metres of trenching across El Placer in three segments starting northeast of Los Lentes. Results include 8 metres of 2.14 g/t gold and 0.12% lead across the Tacuachas Vein (BRG-117146) and 4 metres of 1.95 g/t gold, 0.1% lead and 0.3% zinc across the surface of Los Lentes (BRG-117154). In addition to verifying the structures mapped underground, the surface trenches have identified gold anomalies between known veins that indicate the presence of several additional veins (Fig. 3). Assays for La Chivera, El Huarache and Pantufla are pending.

Fig. 1 Location map showing the Cobre and El Placer Norte areas. La Cocolmeca Vein System (CVS) transects the map in the ENE direction.

Fig. 2 Cross-section looking north-northwest showing copper results from El Herrero Crosscut.

Fig. 3 Cross-section looking north-northwest across the El Placer Veins. Surface trench BRG-117146 is southeast of this section plane. It was cut off-section to go around an open pit that exploited the Tacuachas Vein. These surface data suggest that Tacuachas is the most important structure and that there are several unidentified structures between the veins known from historic underground mining. Surface trench samples are 1 metre wide.

Table 1. Results of rock chip-channel samples across underground workings and surface trenches on the El Placer Vein System.

Sample Line	From (m)	To (m)	True Width (m)	Gold (g/t)	Silver (g/t)	Copper (ppm)	Lead (ppm)	Zinc (ppm)	Area
BRG-27048	0	0.5	0.5	0.58	1	564	1358	893	Tacuachas L. 1000
BRG-27049	0	0.4	0.4	10.73	6	815	994	881	Tacuachas L. 1000
BRG-27050	0	0.5	0.5	3.23	1	198	930	958	Tacuachas L. 1000
BRG-27023	0	1.1	1.1	0.07	1	338	677	551	Tacuachas L. 1011
BRG-27060	0.2	0.3	0.1	0.26	5	1880	7569	2475	Tacuachas L. 1011
BRG-27053	0	0.1	0.1	20.19	16	1667	1407	4835	Tacuachas L. 1016
BRG-27020	0	1.1	1.1	0.45	2	304	1205	226	Tacuachas L. 1016
BRG-27016	0.1	0.2	0.1	1.03	6	1615	8317	917	Tacuachas L. 1025
BRG-25149	0	0.7	0.7	4.40	1	290	1336	4123	Tacuachas L. 1030
BRG-27018	0.2	1	0.8	3.40	5	852	5938	11700	Tacuachas L. 1030
BRG-25139	0.6	0.3	0.3	31.40	11	1818	4690	19600	Tacuachas L. 1030
BRG-25140	0	1.8	1.8	0.13	1	152	1245	4304	Tacuachas L. 1030 FW
BRG-25142	0	0.4	0.4	2.43	3	937	4919	2719	Tacuachas L. 1029
BRG-25145	0	0.8	0.8	0.93	2	201	1260	2311	Tacuachas L. 1029
BRG-25144	0	2	2	0.52	3	344	1324	816	Tacuachas L. 1029
BRG-24364	0	0.5	0.5	8.50	1	79	435	904	Coralillo L. 1035
BRG-24365	1	1.1	0.1	24.66	1	111	401	1133	Coralillo L. 1035
BRG-24366	0	1.5	1.5	1.04	8	1634	5713	3629	Coralillo L. 1035
BRG-24368	0	0.9	0.9	4.64	1	266	1206	816	Coralillo L. 1035
BRG-24369	0	0.3	0.3	1.34	3	942	5405	2061	Coralillo L. 1035
BRG-24370	0	0.8	0.8	2.02	2	1178	7250	1744	Coralillo L. 1035
BRG-25158	0	0.1	0.1	6.25	17	6157	22700	6626	Los Lentes L. 1026
BRG-25159	0	0.9	0.9	2.38	6	1941	6165	10900	Los Lentes L. 1026
BRG-25160	0	1	1	2.24	5	1382	21000	3579	Los Lentes L. 1026
BRG-24362	0	0.1	0.1	1.49	2	993	7089	4870	Los Lentes L. 1026
BRG-24363	0	0.15	0.15	3.56	7	1784	6985	980	Los Lentes L. 1026
BRG-27076	0	0.5	0.5	6.32	3	67	225	466	Between Lentes and Tacuachas
BRG-117154	0	65	65	0.52	1	93	815	1532	Trench
Including	47	51	4	1.95	2	203	1061	2917	Across Los Lentes
BRG-117135	0	10	10	0.81	1	107	822	574	Southwest of Tacuachas
BRG-117146	0	8	8	2.14	1	151	1170	646	Tacuachas Surface 1058 m

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 NI 43-101. 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.

About Brigadier Gold Limited

Brigadier was formed to leverage 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.

Please visit our website to learn more about Brigadier Gold.

For further information, please contact:

Brigadier Gold Limited
www.brigadiergold.ca
Ranjeet Sundher, Chief Executive Officer
corporate@brigadiergold.ca
Leah Hodges, Corporate Secretary
(604) 377-0403

Reader Advisory

This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Brigadier Gold Limited

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FAQ

What recent discovery did Brigadier Gold Limited announce regarding the Picachos project?

Brigadier Gold Limited announced the discovery of over two dozen historic underground workings at its Picachos gold-silver project in Sinaloa, Mexico.

What are the significant assay results reported by Brigadier Gold Limited?

Brigadier Gold Limited reported preliminary assay results including 3.3% copper and 108 g/t silver.

What areas are being focused on in the Picachos project by Brigadier Gold?

The focus areas are El Cobre and El Placer Norte.

Are there pending results from Brigadier Gold's sampling at the Picachos project?

Yes, most assay results from the El Cobre and El Placer Norte areas are still pending.

What is the stock symbol for Brigadier Gold Limited?

The stock symbol for Brigadier Gold Limited is BGADF.