Brigadier Gold Limited Signs the Definitive Agreement with Santa Fe
Metals to Acquire the Cuatro Cienegas Mineral Property in Mexico
TORONTO, ONTARIO--(Marketwired - Jan 8, 2014) - Brigadier Gold
Limited (TSX-VENTURE:BRG) (the "Company") has signed the Definitive
Agreement with Santa Fe Metals Corp. that sets out the terms and
conditions under which Brigadier will acquire a 100-per-cent
undivided right, title and interest in the Cuatro Ciénegas mineral
property in Mexico.
Brigadier will pay an aggregate of $882,514 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 six 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 kilometres
south of the town of Cuatro Ciénegas.
The Cuatro Ciénegas Property hosts numerous deposits of Cu-Ag (±
Pb-Zn) mineralization. These Cu-Ag and Pb-Zn deposits are
dominantly stratabound and include thicker mantos, together with
occasional, often higher-grade, localized vein/pipe deposits.
Mineralization ranges from 2 to 16 metres in thickness and occurs
at the contact between the San Marcos and Cupido Formations, over a
17 km distance in the cliffs of the Sierra San Marcos y Pinos.
In 2011, Compañia Minera Coronado S.A. de C.V., a subsidiary of
Santa Fe Metals, submitted an EIA for a high grade copper heap
leach operation on the Property. This application was approved
(MDA, www.sedar.com, March 31, 2011) and is valid for 15 years.
Sample results from some of the numerous showings and artisanal
workings on the Property include:
El Pilon with grades to 4.34% Cu and 123.5 g/t Ag (Santa Fe,
2011); Tajo Zanja with reported grades of 2.1 to 5.3% Cu and 19 to
135 g/t Ag; San Marcos West with reported grades of 0.73% Cu and 75
g/t Ag (Stratabound, 1998), and 35.2% Cu, 1.5 to 15.35% Pb, 0.3 to
2.87% Zn and 286 g/t Ag (Santa Fe, 2008).
La Cuchilla has reported calculated weighted average grades of
1.22% Cu, 152 g/t Ag, 4.16% Pb and 0.47% Zn (Coronado, 2011) and
Pilar Grande, developed on several mining levels, has reported
grades increasing with depth from 0.84% Cu and 89 g/t Ag on Level 1
to 3.30% Cu and 118g/t Ag at depth on Level 4 (Coronado, 2011).
These results were obtained by qualified personnel during the
preparation of an NI 43-101 report and can be considered accurate.
This report on the Cuatro Cienegas property was written by Dahrouge
Geological Consulting Ltd. and dated December 11, 2013. It is being
filed on www.sedar.com, January 8, 2014, with this press
release.
Thomas H. Carpenter, B.Sc., P.Geo., of Discovery Consultants of
Vernon, B.C., 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 will be holding its Annual and Special Meeting of
Shareholders on March 31, 2014.
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.
FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements". All statements, other than statements
of historic fact, that address activities, events or developments
that Brigadier believes, expects or anticipates will or may occur
in the future are forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect", and "intend" and statements that an event or result
"may", "will", "can", "should", "could", or "might" occur or be
achieved and other similar expressions. These forward-looking
statements reflect the current expectations or beliefs of Brigadier
based on information currently available to Brigadier.
Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of Brigadier to
differ materially from those discussed in the forward-looking
statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on Brigadier. Factors
that could cause actual results or events to differ materially from
current expectations include, among other things, failure to
successfully complete financings, capital and other costs varying
significantly from estimates, production rates varying from
estimates, changes in world copper and/or gold or other mineral
markets, changes in equity markets, uncertainties relating to the
availability and costs of financing needed in the future, equipment
failure, unexpected geological conditions, imprecision in resource
estimates, success of future development initiatives, competition,
operating performance of facilities, environmental and safety
risks, delays in obtaining or failure to obtain tenure to
properties and/or necessary permits and approvals, and other
development and operating risks. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, Brigadier disclaims any
intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Although Brigadier believes that the assumptions
inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance
and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.
Brigadier Gold LimitedMr. Grant HallPresident & CEO+1 (520)
668-4101ghall@brigadiergold.com
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