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    BRG   CA1089093001

BRIGADIER GOLD LIMITED

(BRG)
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Brigadier Gold Limited Reports Balance of Phase1 Drill Results from Picachos

07/06/2021 | 10:57am EDT

Brigadier Gold Limited announced further drill results from exploration of newly identified gold targets at its Picachos gold-silver-copper project Sinaloa, Mexico. Brigadier has received analytical results for diamond drill holes DHBRG044 to 050 from SGS Laboratory. Principal results are from 47, 48 and 49, a fence of holes drilled across the northwesterly trending El Placer Vein system. In the winter of 2021, the Company completed underground sampling of several historic gold mines along the northwest part of El Placer. Host rocks to the mineralization are mainly rhyolitic ignimbrite. Regionally, these are pervasively silicified and brecciated within the El Placer Vein system. Microcrystalline quartz, epidote and base metal sulfides such as galena and sphalerite occur in the silicified matrix between rock fragments. Gold is concentrated in shear zones marked by argillic alteration with or without quartz veining. DHBRG047 is completely mineralized and returned an overall result of 0.41 g/t Au with 0.2% Zn across 60.3 meters. From the geological model, it appears to have tested a series of shears in the hanging wall to La Botica represented by Tacuachas, Coralillo, Los Lentes and at least two newly defined structures in the footwall to Tacuachas. Notable individual results are 4.03 g/t Au, 4 g/t Ag, 0.2% Pb and 0.1% Zn across 0.5 meter, correlated to the Corallio Vein and 1.49 g/t Au with 0.3% Zn across 1.8 meter correlated to Los Lentes Vein. The main results from DHBRG048 are in the top of the hole. The interval between 3 and 4 meters contains 6.89 g/t Au with 0.04% Cu, 0.1% Pb and 0.1% Zn and is correlated to the Tacuachas Vein. Between 14 and 18 meters an intercept of 1.85 g/t Au with 0.1% Pb and 0.1% Zn defines a new shear zone in the footwall to Tacuachas with a maximum value of 5.51 g/t Au across 1 m between 16 and 17 meter.


© S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 -4,15 M -3,25 M -3,25 M
Net cash 2020 1,37 M 1,08 M 1,08 M
P/E ratio 2020 -2,86x
Yield 2020 -
Capitalization 4,64 M 3,64 M 3,64 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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