BRG Brigadier Gold Limited

Brigadier Gold Limited ("Brigadier") (TSX VENTURE:BRG), is pleased to announce
that it has entered into a Letter of Agreement with Santa Fe Metals Corp. (Santa
Fe")that sets out the terms and conditions with which Brigadier will acquire a
100% undivided right, title and interest in the Cuatro Cienegas mineral property
in Mexico. 


Brigadier will pay an aggregate of $882,000 over a 42 month period, of which
$625,000 will be paid by the issue of treasury shares having that value on the
market as they are issued over that period. Brigadier has the option to
accelerate these payments in order to acquire the property in a shorter span of
time. The agreement is subject to TSX Venture Exchange approval. 


The property consists of 6 concessions totalling 3,408 hectares, located about
two hours northeast of the city of Torreon, in the State of Coahuila, on Highway
30 and about 40 km south of the town of Cuatro Cienegas. Historical artisanal
miner exploration and exploitation in the Cuatro Cienegas project area is
evidenced by numerous prospects and abandoned mines. The numerous abandoned
mines and prospects on the Don Indio claims, that form part of the property,
appear to have been the work of artisanal miners. 


Stratabound Minerals Corp investigated this area in 1998 to 1999. and gained
access to several of the abandoned mines and collected panel and channel
samples, many of which returned high-grade copper-silver or lead-zinc values.
For example: the weighted average of 95 samples from level 4 in the Pilar Grande
mine was reported as 3.3 % copper, and 117 g/t silver; the weighted average of
20 samples from level 1 in the San Marcos West mine was reported as 3.0 % lead,
5.0 % zinc, and 53 g/t silver. The above values are considered historic in
nature as they predate NI 43-101reporting requirements. 


Sample results from work done by Santa Fe. in 2011 include up to: 239 g/t silver
and 16.9 % lead from "San Marcos West" adit; 17.7 % lead and 15.5% zinc 2.8 km
along strike at "La Encalmada" mine; and 228 g/t silver and 8.2 % copper a
further 1.5 km along strike at "La Abandonada" mine. Fresh rock chip samples
containing 0.71 % copper and 27.8 g/t silver over 1 metre indicate that
mineralization continues even further north along strike outside of the 5 km
zone. 


These results were obtained by qualified personnel during the preparation of a
NI 43-101 report and can be considered accurate. This report on the Cuatro
Cienegas property was written by Michael G. Bersch and dated July 24, 2008. It
was filed on Sedar by Santa Fe on August 6, 2008.


Thomas H. Carpenter, BSc, PGeo, of Discovery Consultants of Vernon, BC, and a
qualified person as defined by NI 43-101, has supervised the preparation of the
scientific and technical information that forms the basis for this news release.
Mr. Carpenter is not independent of Brigadier by virtue of being a holder of
incentive stock options. 


Brigadier also wishes to announce that it has entered into a loan agreement with
a Mexican mining company for proceeds of $230,000 CND funds, which amount will
fund the initial payment called for under the Santa Fe Agreement. The loan has a
term of 24 months and carries an interest rate of 8 % per annum. The company
will also issue 920,000 common shares of Brigadier to the Mexican company as a
bonus for providing the loan. Brigadier is evaluating additional financing
alternatives to fund its working capital requirements, as well as repayment of
this loan, and explorations funds. Brigadier has the right to put the Santa Fe
property to the lender and extinguish the debt if it cannot finance its
repayment in 2 years. 


Finally the company wishes to announce that Denis Hayes has resigned as
President and CEO of the company effective Sept 6, 2013. Mr. Hayes will remain
an independent director. The board of directors wished to announce that Mr.
Grant Hall has been elected President and CEO of Brigadier effective Sept 6,
2013. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brigadier Gold Limited
Mr. Grant Hall
President & CEO
+1 416-410-7956
info@brigadiergold.com
www.brigadiergold.com

Brigadier Gold (TSXV:BRG)
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Brigadier Gold (TSXV:BRG)
過去 株価チャート
から 6 2023 まで 6 2024