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BRG Brigadier Gold Limited

0.01
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Brigadier Gold Limited TSXV:BRG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0 01:00:00

Brigadier Gold (BRG-TSXV) Has Commenced Drill Program On The Incamayo Project

01/03/2011 1:01pm

Marketwired Canada


Brigadier Gold Limited (TSX VENTURE:BRG) (FRANKFURT:B7LN) is pleased to announce
that drilling has commenced on the Incamayo Project in Northwest Argentina.
Falcon Drilling (Barbados) Succursal Argentina ("Falcon") has been contracted to
diamond drill a minimum of 1600 meters and the mobilization of a diamond drill
rig to the property has been completed and drilling began today, Tuesday, March
1, 2011. 


The placement and intent of the drill locations is summarized below.

An initial two holes will test the northern end of known mineralization, with
one hole twinning CG97-07, the best of 9 holes drilled on the property in 1997
by Mansfield Minerals, and the second hole to aid in defining parameters to this
mineralization. 


The 9 Mansfield drill holes were designed to test for economic grade
mineralization below several well mineralized sections encountered in trenches
excavated during the previous exploration season. CG97-07, the Mansfield
"discovery hole", as reported in a Mansfield November 14, 1997 news release
available on Sedar, ".... was a significant departure from the gold/silver
mineralization observed in the trenches that contains comparatively high silver
values with very low sulphides". It was also located 600 metres to the northeast
of other mineralized holes.


Check sampling in December by Brigadier confirmed high gold and silver values in
the Mansfield surface trenches, with values up to 147 grams per tonne gold and
690 grams per tonne silver with low sulphides.


The remaining drill holes will test mineralized zones to the southwest of the
Mansfield discovery hole. As noted in Brigadier's February 8, 2011 news release,
a review of the 1997 drill program determined that many of the drill holes were
oriented incorrectly to test the mineralized zones exposed at surface.


The results of the IP survey recently completed by Argali Geophysica of
Antofagasta, Chile on the Incamayo property, combined with an ongoing mapping
program, will allow more accurate placement of drill holes to test the
mineralized zones. Hole locations will be 'fine tuned' based on an
interpretation of the IP results by Fritz Geophysics of Fort Collins, Colorado.


The ongoing mapping program has also identified additional mineralization at
Incamayo, which results will also aid in defining drill hole locations.


Exploration at Incamayo is being conducted by personnel of Discovery Consultants
of Vernon, BC. Thomas H. Carpenter, PGeo, of Discovery is the QP responsible for
the preparation of this release.


This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use
of forward-looking terminology such as "plans", "expects" or "does not expect",
"proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", "goal" or "believes", or
variations of such words and phrases, or by the use of words or phrases which
state that certain actions, events or results may, could, would, or might occur
or be achieved. This forward-looking information reflects the Company's current
beliefs and is based on information currently available to the Company and on
assumptions the Company believes are reasonable. These assumptions include, but
are not limited to, the actual results of exploration projects being equivalent
to or better than estimated results in technical reports or prior exploration
results, and future costs and expenses being based on historical costs and
expenses. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information. Such risks
and other factors may include, but are not limited to: the early stage
development of the Company and its projects; general business, economic,
competitive, political and social uncertainties; commodity prices; the actual
results of current exploration and development or operational activities;
competition; changes in project parameters as plans continue to be refined;
accidents and other risks inherent in the mining industry; lack of insurance;
delay or failure to receive board or regulatory approvals; changes in
legislation, including environmental legislation, affecting the Company; timing
and availability of external financing on acceptable terms; conclusions of
economic evaluations; and lack of qualified, skilled labor or loss of key
individuals. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in accordance with
applicable securities laws.


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