skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

Brigadier Gold has confirmed that it has completed the first ever diamond drill exploration program at its Picachos project in Mexico’s Sinaloa state. The diamond drilling technology was a key part of its strategy to explore far deeper than previous historic mine workings on the site.

Brigadier Gold announced this week it has completed 5057 metres of drilling in 50 holes across 11 different prospects on the property. The explorer has produced some very interesting initial results from Picachos already, including 7.45 g/t gold and 51 g/t silver across seven metres in its DH-BRG-001 drill hole. This was at the San Agustin past producing mine.

Robust initial dataset now acquired

At the San Antonio gold-copper mine Brigadier Gold also yielded results of 12.62 g/t gold and 78 g/t silver, with 4.5% copper across 0.8 metres. It also found 10.65 g/t across one metre.

“Brigadier now has a robust dataset from which to plan the next phase of exploration,” said Rob Birmingham, the new CEO of the company. “Over the course of the last eight months, exploration efforts have produced several high priority targets which the company intends to follow up on, including a copper and base metals porphyry on the north end of the Picachos project. With copper reaching all time high’s, it is truly an exciting time to take a closer look at this aspect of the property.”

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

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

New bulk tonnage gold result

Further indications of a possible bulk tonnage gold target were returned from trench BRG-26892 with values of 1.07 g/t gold across 6 metres from a newly discovered mineralized outcrop of porphyritic rhyolite on the Santa Elena ridge, about 850 metres southwest of Garabato and 750 metres north of El Placer Norte.

The project is the brainchild of experienced geologist Michelle Robinson, a widely respected explorer within the international junior mining space. Robinson, who has worked extensively in Mexico and is familiar with the prime sites, assembled the Picachos parcel over a long period. Mining sources close to The Armchair Trader have repeatedly singled it out as one of the most interesting junior mining projects in the entire Latin American region.

It should also be noted that Brigadier Gold is looking for both gold and copper on the property. Copper has been on a storm since the start of 2020 and is currently riding at an all time high. It has risen from $2.50 to over $4.50 in less than 18 months. Larger miners are now expected to start to place a premium on established future sources of copper with good infrastructure links to ports and other transport.

Related

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

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.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
Trade Nation
WisdomTree
ActivTrades
Back To Top