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Be the first with the news that moves the market- Brigadier Gold (BRG) has launched a maiden drill program at its newly acquired Picachos gold and silver property in Sinaloa, Mexico
- The company intends to drill at least 5,000 metres across approximately 40 holes, targeting four high-grade veins
- Of particular interest will be the past-producing San Agustín Mine, which hosts an ore chute of the Cocolmeca vein system
- Secondary work will be focused on the Mochomos vein, the Los Tejones vein and the Fermin vein
- Brigadier Gold (BRG) is currently steady at C$0.24 per share
Brigadier Gold (BRG) has launched a maiden drill program at its newly acquired Picachos gold and silver property in Sinaloa, Mexico.
Located 26 kilometres northeast of Cacalotan in the Municipio of Rosario, the project covers 3,954 hectares of the historic Viva Zapata national mineral reserve.
The Vancouver-based company intends to drill at least 5,000 metres across approximately 40 holes, targeting four high-grade veins.
Of particular interest is the past-producing San Agustín Mine, which previously exploited an ore chute of the east-northeasterly trending Cocolmeca Vein System.
San Agustín is the best understood of the targeted veins, primarily because it has been exposed underground by roughly 670 line-metres of tunnels, stopes and shafts.
Underground channel sampling work carried out by an earlier operator returned an average grade of 81.22 grams per tonne of gold and 73.36 grams per tonne of silver.
The Los Tejones vein will as see the bulk of the drilling work, where drill holes are expected to range from 90 to 300 metres in depth. Previous sampling in this area also returned significant results, including 28.6 grams per tonne of gold and 114 grams per tonne of silver.
The rest of the current drill program will focus on the Mochomos and Fermin veins.
Ranjeet Sundher, CEO of Brigadier Gold, commented on the commencement of the drilling work.
“Brigadier’s multi-talented team has raised C$4.2 million and advanced the Picachos property from acquisition to drilling in a relatively short period of time and we look forward to keeping our shareholders updated as drill assay results are received.
“We are fortunate that Brigadier’s core leadership now includes 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 steady at $0.24 per share, as of 11:24am EDT.
