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Brigadier Gold (TSXV:BRG) prepares for exploration in Mexico

Mining
TSX:BRG
13 August 2020 13:46 (EDT)

Brigadier Gold (BRG) is gearing up for a maiden diamond drilling campaign at its recently acquired Picachos property in Sinaloa, Mexico.

Located 26 kilometres northeast of Cacalotan in the Municipio of Rosario, the project covers 3,954 hectares over the historic Viva Zapata national mineral reserve.

Drilling is expected to begin in September this year, with a minimum of 5,000 metres planned across roughly 40 holes that will target four high-grade gold and silver veins.

Of particular focus will be the past-producing San Agustín Mine, which previously exploited an ore chute of the Cocolmeca vein system. This system is comprised of various sub-parallel veins over a 1.5-kilometre-wide zone.

An initial round of drilling has been designed to test approximately one kilometre of strike between the San Agustín Mine and the Tejones prospects.

In addition to the work at the San Agustín Mine, Brigadier intends to carry out secondary exploration work at the Mochomos and Los Tejones veins. 

Previously, the veins returned rock chip-channel samples at 18.5 grams per tonne of gold and 570 grams per tonne of silver over 18.5 metres, as well as 28.6 grams per tonne of gold and 114 grams per tonne of silver over roughly one metre, respectively. 

Ranjeet Sundher, CEO of Brigadier Gold, commented on the upcoming exploration program.

“Brigadier’s multi-talented team has been able to identify and complete the Picachos acquisition, close $4.2 million in financings and initiate exploration on this compelling gold-silver target all within a four-week period.

“We are fortunate that Brigadier’s core leadership now includes our partner Michelle Robinson who together with her team, residing in Sinaloa, are intimately familiar with Picachos, the local community, and how to shape a sustainable and beneficial presence in the region,” he added.

Brigadier Gold (BRG) is currently up 2.7 per cent to C$0.38 per share at 12:27pm EDT.

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