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Brigadier Gold (TSX-V:BRG/OTC:BGADF/FRA:B7LM) announced this morning that it had discovered what it is calling bulk tonnage type copper mineralisation in trenching across historic anomalies at its Picachos site in Sinaloa, Mexico.

The company has also reported newly discovered gold targets at the La Gloria underground mine. The discoveries come at a timer when both copper and gold prices are on the move and considerably enhance the potential value of the site.

Prospective bulk tonnage copper mineralisation

The latest copper result comes from a trench across historic anomalies that Brigadier says are considered “prospective for bulk tonnage style copper mineralisation.”

Trench BRG-50250 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 BRG-50250 have been sampled and analysed 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.

Mapping and sampling completed at La Gloria gold mine

Brigadier has also 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 DH-BRG-028 between 140 and 141 metres depth where a value of 6.26 g/t gold across 1 metre was returned.

“We’re proud of the team effort put into acquiring, financing, and driving exploration and development at Picachos,” said CEO Rob Birmingham. “Exploration and diamond drilling efforts led by head geologist Michelle Robinson, have successfully identified an extensive mineralized vein system and numerous targets for follow up investigation, including a large, unexplored copper porphyry target situated in the northern part of the property.”

We updated our own analysis of Brigadier on 19 May to reflect new discoveries at the site over the past six months. We continue to follow progress closely. Brigadier sits in one of the richest gold and silver producing areas in the world with close proximity to a pair of other projects which have yielded bonanza results. It fast capital raise demonstrated confidence from the mining investment community.

Listen: Podcast with Michelle Robinson, Chief Geologist, Brigadier Gold

Assays still pending for over 500 metres of drilling

Assays are still pending for 518 metres of drilling completed in phase-one, most of which is from a 3-hole 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 BRG-117154. This was followed by 8 metres of 2.14 g/t gold in adjacent trench BRG-117146.

The Picachos Project sits on 3,954 hectares which are sited less than 15 miles from the historic gold and silver workings of Vizsla and GR Silver. Brigadier Gold is the first company to bring diamond drilling technology to the site and has been focusing on high priority targets as part of its first phase of exploration. The first phase comprised 5057 metres of drilling in 50 holes across 11 different prospects on the property.

Among the highlights of the first phase were 7.45 g/t gold and 51 g/t silver across 7 metres at its DH-BRG-001 drill hole, which was at the San Agustin mine.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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