Brigadier Gold (TSX-V: BRG) Adds to
Property Position at Larder Lake
Project
Drilling planned for 2008 to follow up on exploration
success in 2007
Under terms of
the agreement, Brigadier has an option to acquire a 100% interest in five staked
claims containing seven claim units and two leased claims (collectively
“the Properties”) adjoining its Larder Lake project located
approximately five kilometres south of the Town of Larder Lake in
Ontario’s Kirkland Lake-Larder Lake gold camp.
In late
November, 2007, Brigadier announced results of a recent drill program in the
Albert Kokotow (“AK”) and McCrea Zones on the Larder Lake
project. A total of 13 holes were drilled, 10 of which intersected significant gold
mineralization. The drilling was designed to extend intersections in holes
drilled in the AK Zone in the first quarter of 2007, and to drill test the
McCrea Zone. Detailed assay values for this program were recently reported, and
include 2.064 g/t
over a length of 1.5 metres in hole B07-16. This intersection was part of a
32.5 metre core length in B07-16 that assayed 0.675 g/t from 79.0 to 111.5
metres. Hole B07-19 cut the highest grades in the McCrea Zone, obtaining a
value of 3.440 g/t over 1.37 metres from 51.07 to 52.44 metres. In total,
the Company drilled 19 holes totalling 2,886.6 metres during 2007.
“We’re
pleased with the results we’re getting at our Larder Lake Project, and
the addition of these claims solidifies our land position in this prolific gold
mining camp,” said President and CEO Herb
Kokotow. “We intend to build on the success of the 2007
drill program with further drilling this year to expand the length and depth of
mineralization in both the Albert Kokotow and McCrea Zones and to further
explore the M-Island Zone to the north where grades up to 18.9 g/t gold over
0.8 metres have been intersected and where visible gold has been observed.”
The agreement
provides for the issuance of 100,000 Brigadier shares to Skead and a further
100,000 Brigadier shares on exercise of the option. In addition, to earn the 100%
interest in the Properties, Brigadier will, by or on December 1, 2008, have to incur
$75,000 in exploration expenditures and assessment filing requirements on the Properties.
The terms of
the agreement are subject to receipt of all required regulatory approvals. The
TSX Venture Exchange has not reviewed, and does not accept responsibility for
the adequacy or accuracy of this news release.
Exploration of
the Larder Lake Project is supervised by L.G. Hobbs, P.Eng., Brigadier
Gold’s Project Geologist and a qualified person under National Instrument
43-101.
For further information, please visit our website at www.brigadiergold.com or contact:
Brigadier Gold: Herb Kokotow, President & CEO: (Tel): (416)
410-7956, (Fax): (905) 707-1520
Agoracom Investor Relations: http://www.agoracom.com/ir/brigadier; BRG@Agoracom.com
The TSX Venture Exchange has not reviewed, and does not
accept responsibility for the adequacy or accuracy of this release. This press
release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact, included herein,
including without limitation, statements regarding potential mineralization and
reserves, exploration results and future plans and objectives of Brigadier, are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ
materially from Brigadier's expectations are disclosed under the heading
"Risk Factors" and elsewhere in Brigadier’s documents filed
from time-to-time with regulatory authorities.