Brigadier Terminates Picachos Option
Brigadier Gold Limited has decided to terminate its option agreement for the Picachos Project in Sinaloa, Mexico, following the results of its previous drilling program. This 50-hole, 5057m drill program conducted in 2020 and 2021 did not yield sufficient results to continue. The company will now concentrate its efforts on the Killala Lake diamond property and explore other opportunities. Brigadier aims to leverage precious metals in the natural resource sector, focusing on undervalued projects with potential.
- Shift in focus to the more promising Killala Lake diamond property.
- Management team's extensive experience in mineral exploration.
- Termination of Picachos Project indicates potential underperformance in drilling results.
VANCOUVER, BC / ACCESSWIRE / May 17, 2022 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSXV:BRG)(FSE:B7LM)(OTC PINK:BGADF) reports that it has made the decision to terminate the option agreement for the Picachos Project (previously known as the "Tango Project"), Sinaloa, Mexico.
Based on results of the Company's 50-hole, 5057m drill program conducted during 2020 and 2021 at Picachos, Brigadier made the decision to terminate the agreement. Brigadier will focus its exploration and business development efforts on the Killala Lake diamond property and other opportunities.
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.
For further information, please contact:
Brigadier Gold Limited
www.brigadiergold.ca
Robert Birmingham, Chief Executive Officer
rob@brigadiergold.ca
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
Why did Brigadier Gold terminate the Picachos Project option agreement?
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