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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 Ltd.: Exploration Update

15/12/2010 4:30pm

Marketwired Canada


Brigadier Gold Ltd. (the "Company" or "Brigadier Gold") (TSX VENTURE:BRG) is
pleased to provide a progress report with regard to exploration work it is
currently carrying out on the Incamayo gold-copper property near Salta,
Argentina (the "Property" or "Incamayo"). 


Exploration work began in mid-November 2010. To date, a camp has been
constructed, access roads are in the process of being upgraded and all permits
are in place to begin a drill program in early 2011, pending results of mapping
and geophysical programs. 


Grant Hall, President of Brigadier Gold states: "Now that we have completed our
business amalgamation and seen strong support in our financings, we are excited
to be working on the Property. I could not be more pleased about the conduct and
efficiency of our early exploration efforts. We look forward to evaluating the
results from the geophysical surveys and the beginning of our initial drill
program in January of 2011".


The last exploration work that was done on the Property was the drilling of nine
reverse circulation holes in 1997 by Mansfield Minerals. At the time that this
exploration was being carried out in 1997 the prices of gold and copper were
less than 25% of their respective prices today. Information about Mansfield's
exploration work and results is available on Sedar.com.


Brigadier Gold has been re-mapping and re-sampling the trenches excavated by
Mansfield Minerals (over 5000 metres) in order to gain a better understanding of
the geological and structural controls of the mineralization.


Argali Geophysica EIRL, based in Antofagasta, Chile, has been contracted to
carry out both a 40 kilometre Induced Polarization (IP) survey and a 65 km
magnetometer survey over the Property. No previous geophysical surveys, other
than magnetometer surveys, are known to have been carried out on the Property
and it is anticipated that these new surveys, combined with the ongoing mapping,
will focus drilling in 2011.


The December portion of the IP survey will initially be concentrated over the
critical portion of the Property in the vicinity of the Mansfield Minerals
discovery hole (RCCG 97-7). It is anticipated that the balance of both of these
surveys will be completed in early January 2011.


Diamond drilling is scheduled to begin in January and will be carried out by a
Salta-based Canadian drill contractor. Drilling will focus on the area of
discovery hole RCCG 97-7. Further drilling will be expanded as interpretations
of the geophysical data are completed.


Initial exploration work at Incamayo has confirmed that the alteration zone,
approximately 5 km in length and 0.5 km in width is larger than the zone of
mineralization and is obviously epithermal in origin. Mapping to date suggests
that the mineralization seen in old trenches may be part of a series of stacked
lenses. If this interpretation is correct it may have positive exploration
implications for the rest of the Property. The IP survey should provide vital
information to confirm this interpretation.


At Golden Minerals' El Quevar property, 50 kilometres to the northwest of
Incamayo, a series of stacked mineralized zones exhibit a roughly east-west
direction. Mineralization at Incamayo may have a similar orientation.


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.


Brigadier Gold is a mineral exploration and development company headquartered in
Toronto. The company is focusing its expertise on the Americas and in particular
the Incamayo Project in North Western Argentina. For additional information
about Brigadier Gold and the Incamayo Project see contact information.


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 are 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 labour 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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