Brigadier Gold Limited

Brigadier Gold Limited

August 12, 2011 09:39 ET

Brigadier Gold's 2011 Exploration Program Identifies the Presence of A Large-Scale Gold-Silver-Tin-Tellurium Mineralized Epithermal System on the Incamayo Project

TORONTO, ONTARIO--(Marketwire - Aug. 12, 2011) - BRIGADIER GOLD LIMITED (the "Company") (TSX VENTURE:BRG) - The Company is pleased to announce that significant silver-gold mineralized intersections were evident in eight of nine drill holes on its recently completed exploration program on the Incamayo project in northwest Argentina. Silver-gold zones in the drill holes are often associated with base metals (zinc, copper, lead) and pathfinder elements (antimony, arsenic, bismuth, tellurium, thallium and mercury).

Exploration work to date has confirmed the presence of a highly mineralized epithermal system that covers a large strike length and is open in both directions and at depth. Sampling of the Incamayo property in early 2011 resulted in 115 rock samples being collected, 25 of which contained greater than 1.0 gram per tonne gold and 15 samples contained more than 2.0 g/t gold, with a maximum value of 147 g/t gold. Thirty-seven of the samples contained greater than 10 parts per million silver and, of these, eight contained greater than 100 ppm silver. Refer to the Company's February 8, 2011 news release for additional information regarding this sampling program.

Tom Carpenter of Discovery Geological Consultants and the qualified geological person for the Company stated, "This is a large mineralized system that has to be explored further to determine its economic potential. We have drill tested only a small area of the mineralisation. We have two large chargeability anomalies identified by our recent IP survey geophysical program and recently discovered mineralised zones that are untested and need to be investigated".

The Company drilled a total of 9 holes on widely separated intervals over 1.5 kilometres of the of the approximately 5 kilometre long alteration zone. The alteration zone extends a further 2 kilometres to the northeast of hole CG11-01 and up to 2 kilometres southwest of CG11-07 and is open in this direction.

Hole CG11-04 intersected multiple mineralized zones including but not limited to: 8.2 m from 0.0 to 8.2 m depth of 2.25 grams per tonne ("gpt" ) gold and 7.5 gpt silver; 5.9 m from 17.0 m containing 0.17 gpt gold and 6.3 gpt silver; 7.2 m from 41.4 to 48.6 m containing 0.14 gpt gold and 14.0 gpt silver; and 12.2 m from 12.2 m from 55.0 to 67.2 m of 0.13 gpt gold and 3.8 gpt silver.

Brigadier's initial hole (CG11-01), drilled at minus 60°, paralleled the original Mansfield reverse-circulation hole CG97-07, intersected elevated copper mineralization over an interval from surface to 112.2 metres that closely matched the intersection in CG97-07. Refer to the Company's March 1, 2011 and August 24, 2010 news releases for additional information regarding the Incamayo Project and CG97-07 and contemporary drill holes.

Best results from this 112.2 interval include a 5.9 metre intercept from 104.3 to 110.2 m depth containing 0.19 gpt gold and 0.38% copper, including 0.4 m containing 2.13 gpt gold, 3.18% copper, 515 ppm tin and 581 ppm tellurium.

CG11-02 was located at the same collar as CG11-01 but was drilled at minus 45°. This core hole intersected a weakly mineralized interval from 23.0 to 98.5 m depth with less intense brecciation and alteration than was evident in hole CG11-01. Results included 9.8 m of 0.11% copper from 60.4 to 70.2 m and 5.1 m of 0.17 gpt gold and 4.2 gpt silver from 82.3 to 87.4 m.

Hole CG11-03 intersected multiple zones of mineralization, including 9.1 m from 0.0 to 9.1 m depth containing 0.59 gpt gold and 9.8 gpt silver; 7.9 m from 32.4 m to 40.3 m containing 0.17 gpt gold and 11.9 gpt silver and; 19.6 m from 69.1 to 88.7 m containing 0.17 gpt gold and 5.9 gpt silver.

Hole CG11-05 intersected: 8.1 m of 0.6 gpt gold from 0.8 m to 8.9 m depth including 1.2 m from 0.8 m to 2.0 m of 2.83 gpt gold and 4.5 gpt silver; and 14.5 m from 25.6 m to 40.1 m containing 0.40% zinc and 0.27% copper, including 0.7 m from 27.4 to 28.1 m containing 3.62% zinc and 2.13% copper; and 0.60 m from 34.8 to 35.4 m containing 1.94% zinc and 0.13% copper.

Holes CG11-06 (-45°) and CG11-09 (-60°), located at the same collar 900 metres to the southwest of CG11-01, tested a zone of auriferous quartz veining exposed in surface trenching at this location.

Hole CG11-06 intersected: 7.6 m from 35.9 to 43.5 m depth containing 1.14 gpt gold, 14.7 gpt silver and 0.56% copper; including 0.7 m from 40.3 to 41.0 m containing 2.28 gpt gold, 21.4 gpt silver, 1.27% copper, 1712 ppm tin, and 127 ppm tellurium and; 0.5 m from 41.8 to 42.3 m containing 10.2 gpt gold, 100 gpt silver, 5.24% copper, 4322 ppm tin and >1000 ppm tellurium.

CG11-08, located 25 metres northeast of CG11-01 and drilled at the same orientation, intersected similar alteration and more intense mineralization, as seen in CG11-01, before the hole was lost at 170.7 metres. Results include 3.6 m from 108.9 to 112.5 m depth of massive sulphide veins and breccia analysing 0.69 gpt gold, 25.4 gpt silver and 1.05% copper; including 0.6 m from 110.2 to 110.8 m containing 2.2 gpt gold, 2.04% copper, 269 ppm tin and >1000 ppm tellurium and; 0.5 m from 112 to 112.5 m containing 1.95 gpt gold, 24.6 ppm silver, 2.23% copper, 541 ppm tin and 159 ppm tellurium.Hole CG11-09, which undercut CG11-06, intersected 10 m, from 48.5 to 58.5 m, of 0.8 gpt gold, 7.9 gpt silver and 0.12 % zinc; including 1.0 m, from 48.5 to 49.5m of 3.89 gpt gold, 23.8 gpt silver, 0.15% zinc and 0.43% copper, and; 1.0 m from 50.5 to 51.5 m containing 0.37 gpt gold, 10.5 gpt silver, 0.17% zinc, 0.2% copper and 877 ppm tin.

CG11-07, which is located in a previously unexplored area 500 metres to the southwest of CG11-06 and 09 and 350 metres southwest of CG97-01, intersected multiple zones of alteration containing sulphides. The interval from 2.5 to 11.0 m depth intersected 8.5 m averaging 42.4 gpt silver, while the 112 m from 21.0 to 133 m averaged 6.6 gpt silver, 0.30% zinc and 0.08% lead, including, from 122 to 126 m, 4.0 m of 0.38 gpt gold, 46.1 gpt silver, and 2.08% zinc.

CG11-07 was also notable in that it contained matrix supported sulphide breccias as compared to crackle breccia style mineralization in the holes to the northeast. The Company's initial hole (CG11-01), drilled at minus 60° intersected elevated copper mineralization over an interval from surface to 112 metres. Best results from this interval include a 5.9 metre intercept from 104.3 to 110.2 m depth containing 0.19 gpt (grams per tonne) gold and 0.38% copper, including 0.4 m containing 2.13 gpt gold, 3.18% copper, 515 ppm tin and 581 ppm tellurium.

Based on visual observation of drill core from CG11-01, CG11-02 and CG11-08, it appears that the alteration and mineralization are becoming increasingly intense with vertical depth. Holes CG11-01, 02 and 08 are located at the southeastern edge of a strong IP anomaly that has not yet been drill tested. Holes CG11-03, 04 and 05, located 700 metres to the southwest of CG11-01 were drilled at -60°, -45° and -90° respectively to test a series of westerly dipping auriferous silicified zones. All three holes intersected significant gold intercepts with multiple intercepts of silver and base metals. The 700 metres between holes CG11-01 and CG11-03, 04 and 05 remains untested by drilling.

Subsequent to the drill program, prospecting to the northeast of holes CG11-01, 02 and 08 outlined a previously unmapped and mineralized alteration zone, partly talus covered, and over 40 metres in width. Two widely separated grab samples collected from isolated outcrops in this zone assayed respectively: 9.7 gpt gold, 255 gpt silver, 635 ppm tellurium, 1695 ppm tin, and; 0.7 gpt gold, 8 gpt silver, 46.5 ppm tellurium and 189 ppm tin. This newly discovered mineralized zone is open to the northeast where it disappears under cover and bounds, to the southeast, a large untested IP chargeability anomaly. Immediately northwest of this anomaly, another large buried chargeability anomaly was defined by the IP survey and this anomaly is also untested. At the south end of the Incamayo property, southwest of CG11-07, the IP anomaly which hosts CG11-07 extends off the IP grid and does not appear to extend to surface.

The Company is in the process of further analysing the data from our first exploration pass at Incamayo. Second phase exploration plans call for an induced polarization survey over recently discovered untested mineralised zones and IP anomalies as well as a follow-up drilling program to further test mineralization at depth and further along strike. Untested mineralization zones will also be mapped and analysed. A detailed work program and budget will be presented to the board of directors in the next month and plans will be made to conduct the second phase of exploration at Incamayo.

Qualified person and quality assurance/quality control: Tom Carpenter, BSc, PGeo, of Discovery Consultants, and a qualified person as defined by National Instrument 43-101, has supervised the preparation of, and has approved and verified, 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's work programs are supervised by Mr. Carpenter, who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then sealed and shipped via bonded courier to the facilities of Acme Analytical Laboratories (Argentina) S.A. in Mendoza, Argentina, for sample preparation and to Acme in Vancouver, BC for analysis. Representative blank, duplicate and standard samples are forwarded to Acme for quality control purposes. Acme's quality control system complies with International Standard ISO 9001:2000 requirements. Analytical accuracy and precision are monitored by the analyses of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards.

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.

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.

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