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Brigadier Gold (TSX-V:BRG / OTC:BGADF / FRA:B7LM) has published further very positive results out of its Picachos project in Mexico’s Sinaloa region.

The gold and silver project yielded additional diamond drill and sampling results this week with intercepts of 7.63  g/t gold and 11 g/t silver across 0.5 metres. Surface sampling returned 12.79 g/t and 8 g/t silver across 1 metre from adjacent El Placer Norte.

Picachos Project has not been explored before with diamond drills

Brigadier has now completed and received assay results for 4538 metres of diamond drilling across 43 holes. It has also carried out LiDAR and aerial photography, completing its survey flights last month.  It has drilled three diamond drill holes across El Placer Norte below historic high grade mine workings at Chiveras, with results expected in June.

Picachos has a number of historic mine workings which have no been the target of diamond drilling previously. The whole project has been on the radar of seasoned mining geologist and Mexico expert Michelle Robinson, who is focused on what lies underneath the shallower workings.

Brigadier said it has received further assay results for the work it had completed before the end of March, including the El Placer Norte results mentioned above. This includes  0.1m of 117.45 g/t of gold and 57 g/t of silver from a sample line cut across the Huarache Vein at 1155m elevation from an historic underground mine.

Other notable results from El Placer Norte include 38.88 g/t Au and 22 g/t Ag across 0.5 m and 12.38 g/t Au and 4 g/t Ag across 0.6 m. El Placer is a system of veins and veinlets that trends north-westerly and has been mapped for about 4 kilometers across widths of 60 to 200 meters.

From the Cobre area, located about 650 meters northwest of El Placer Norte, sampling has defined three principal veins: El Cobre, El Herrero and Calzadas that define a northwesterly trend that is about 40 meters wide.

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

Wider range of gold and silver results now being compiled

We now have a much more considerable range of verified results from Picachos. Just looking at the gold results alone, we have DH-BRG-043 with 7.63 g/t at 16.5 to 17m, BRG-121612 which yielded 9.59 g/t at a core trench width of  1.4m, BRG-27076 with 6.32 g/t at 0.5m, BRG-27095 at 19.99 g/t at 0.1m, and BRG-27099 with 25.04 g/t at 0.1m. There is also BRG-25131 which yielded a sample of 117 g/t at 0.1m. It certainly looks as if Brigadier Gold is on to something here.

The Picachos exploration project is looking to sample what comprises a large and unexplored porphyry target along with a range of other high grade veins which have seen no previous exploration activity. The site has over 160 historic mines and workings. Brigadier Gold is the first company in the history of the project that has been in a position to use diamond core drilling.

Pichachos lies between the GR Silver and Vizsla claims and overlaps one of the most contiguous and highest amplitude anomalies for gold, silver and base metals in the Western Sierra Madre region. Robinson, who identified the opportunity, assembled the land package over 10 years ago. She is a Qualified Person with a high level of respect in the global mining community and extensive experience working on mining projects in Mexico, where she moved in 1998.


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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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