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    BRG   CA1089093001


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Brigadier Gold Limited Announces Exploration Continues on Gold-Silver Targets Identified in Phase1 Diamond Drilling

05/26/2021 | 11:10am EDT

Brigadier Gold Limited announced 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. Additional assays from phase1 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 large 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. Copper Discovery: Brigadier has initiated trenching across historic anomalies considered prospective for bulk tonnage style copper mineralization. Trench BRG50250 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 BRG50250 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 DHBRG028 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 downdip. La Gloria stope is accessed by a 105 metre long crosscut at the 950 metre elevation that trends easterly. The crosscut and drill hole locations are now tightly controlled by a highr esolution airborne LiDAR survey recently completed by Eagle Mapping. From the portal, La Gloria crosscut and stope was surveyed using a Brunton and tight chain. Drill Results Pending: Assays are still pending for 518 metres of drilling completed in phase one, most of which is from a 3hole 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 BRG117154. This was followed by 8 metres of 2.14 g/t gold in adjacent trench BRG117146.

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Sales 2020 - - -
Net income 2020 -4,15 M -3,35 M -3,35 M
Net cash 2020 1,37 M 1,11 M 1,11 M
P/E ratio 2020 -2,86x
Yield 2020 -
Capitalization 5,03 M 4,07 M 4,07 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 98,4%
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Managers and Directors
Robert Laird Birmingham President, Chief Executive Officer & Director
Heidi Gutte Chief Financial Officer & Secretary
Steven Edward Vanry Chief Operating Officer & Director
James Garnet Clark Independent Director
Ranjeet Sundher Director
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