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Gold explorer Brigadier Gold [TSXV:BRG / FRA:B7LM] has now confirmed that it has identified several high priority drilling targets for follow up work and has gained a significant understanding of the mineralised gold, silver vein and copper porphyry systems that are traversing its property in Mexico. It is still conducting a 40-hole, 5000 metre drill program, targeting veins below and surrounding the historic San Agustin gold mine, and we anticipate further results from the project in the very near future.

Brigadier Gold’s Picachos land package has been methodically assembled by renowned geologist Michelle Robinson over 10 years ago. A respected industry veteran who has worked in Mexico for over two decades with a number of major mining companies, she has authored over 20 technical reports and published several papers for the Society of Economic Geologists.

Strong gold mineralisation detected

Early drill results indicate strong gold mineralisation, specifically Hole DH-BRG-001, which intercepted 7.45g per tonne gold and 51g per tonne silver down hole (estimated true width 5.2 metres), located approximately 105 metres below surface. This is 40 metres below the historic extraction level 646 at the San Agustin mine.

The hole supports the thesis that San Agustin is a gold bearing structure of significant width that merits further exploration to develop its commercial gold potential.

A further sample – BRG-104705 – has cut across a surface outcrop of the San Agustin Vein 200 metres northeast, and it has yielded a similar result, with 4.89 g/t in gold and 67 g/t silver, across a true width of 5 metres. Brigadier Gold has also trenched 1km north-east of San Agustin, where it has yielded 1.85 g/t gold and 6 g/t silver, at its Tejones prospect pits.

A potentially important vein has also been located using trenching in the central part of the property, across the north-easterly trending Roque Vein. This result includes 2 metres of 8.84 g/t gold and 36 g/t silver.

Copper targets

Brigadier Gold also confirmed that it was going  to be drilling for copper targets on the same property. This is potentially very interesting, as the rising copper price was something The Armchair Trader identified as a macro commodities trend some time ago.

The miner’s exploration program is the first of its kind to be using diamond drilling on the property. Brigadier Gold confirmed that it has established its partnership with the Ejido of Picachos for developing the mineral potential of the land and has carried out repairs and upgrades to the historic road network used to access the property and mine workings.

Repairs and upgrades to the water systems that supply the drill and camps have also been completed. Brigadier has constructed a core-processing lab on site complete with microscope and benchtop Niton XRF analyser.

“We are excited to move into 2021 with a solid blueprint to advance Picachos,” said Ranjeet Sundher, President and CEO of Brigadier Gold. ” I’m proud of our team’s accomplishments to date in such a short period of time and look forward to keeping shareholders abreast of progress.”

The Picachos Property consists of almost 4000 hectares centred over the historic Viva Zapata National Mineral Reserve in Mexico’s Sinaloa state. Apart from the considerable Mexican experience of the core geology team and the proximity to solid infrastructure links, we also like the fact that the project is sited along the same axis as two bonanza projects being run by GR Silver Mining and Vizsla Resources.

Related

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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