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Brigadier Signs Definitive Agreement to Option Gold-Silver Picachos Property, Including Past Producing San Agustin High Grade Gold Mine, Sinaloa Mexico
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - Brigadier Gold Limited (TSXV: BRG) (FSE: B7LM) (the "Company" or "Brigadier") is pleased to an
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[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - Brigadier Gold Limited (TSXV: BRG) (FSE: B7LM) (the \"Company\" or \"Brigadier\") is pleased to announce that it has signed a definitive agreement (the \"Agreement\") for an option to acquire a 100% interest in the 3,954 hectare Picachos Gold-Silver Property (\"Picachos\" or the \"Property\"), centered over the historic \"Viva Zapata\" National Mineral Reserve, Sinaloa, Mexico. Project Highlights: Located between Vizsla Resources' Panuco Project and GR Silver Mining's Plomosas Project. San Agustin Mine underground channel sampling by prior operator returned average grade of 81.22 grams per ton (g/t) gold (Au) and 73.36 g/t silver (Ag) across 1.2 metres (Thunderbird Projects news release dated 18 June 1997). Values of 185 g/t Au were cut across the bottom of a production shaft (sample HBM-73175). The San Agustín vein has never been tested with diamond drilling. More than 160 known historic underground mines, workings and prospects at Picachos are on gold-rich veins. Recently identified, large copper porphyry prospect in northern area of Picachos. Drill / exploration permits in place as well as recently renewed surface access agreement with local community. 5,000 metre drill program targeting high-grade gold/silver, planned to commence shortly. Ranjeet Sundher, CEO, remarks, \"Closing the Picachos acquisition marks our official entry into the Sierra Madre epithermal belt, which has seen tremendous drilling success from neighboring exploration companies. Brigadier is well funded, having closed $4.2 million in financings over the last 30 days, and is preparing to initiate a maiden 5,000 metre drill program targeting the high-grade historic San Agustín mine. In addition to the high-grade San Agustín mine, Picachos offers exceptional exploration potential, with over 160 historic mines and workings throughout the Property.\" Picachos is comprised of four mining concessions covering an area of 3,954 hectares and is situated in the municipality of El Rosario, in the southeastern region of Sinaloa state, Mexico. Geographically, the Picachos overlaps part of the western foothills of the Sierra Madre Occidental (SMO). Access to Picachos from Mazatlán is by state highway and paved road to the town of Cacalotán, and then by country road into the Property. Total driving distanc...