Brigadier Gold Ltd

Published : October 16th, 2008

Brigadier Gold (TSX-V: BRG) Extends Gold Zone at Depth at Larder Lake Project, V

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Brigadier Gold (TSX-V: BRG) Extends Gold Zone at Depth at Larder Lake Project, Visible Gold Identified Below 200 Metres Vertical Depth

Toronto, October 16, 2008 - Brigadier Gold Limited (?Brigadier?) (TSX-V: BRG) today announced the discovery of an extension at depth of the gold zone in the M-Island Zone of its Larder Lake Project located in Ontario?s prolific Kirkland Lake-Larder Lake gold camp. The discovery zone lies beneath trenches in which visible gold was discovered in 2005.

The extension to the gold zone, which was first identified in holes MI-08-05 and hole MI-08-06 (see news release dated August 13, 2008), was intersected in Holes MI-08-08 and MI-08-09. Hole MI-08-09 returned grades up to 35.93 g/t gold over 1.5 metres as part of a 48.2 metre section grading 1.56 g/t from 196.7 metres to 244.9 metres. The 35.93 g/t assay represents an arithmetical average of the three highest separate assays (12.21 g/t, 11.76 g/t, 83.83 g/t) done by Laboratoire Expert Inc. of Rouyn-Noranda, Quebec on that 1.5 metre section. The various assays were widely variable indicating a probable nugget effect. Brigadier plans more sampling to determine how widespread the nugget effect may be.

?We are very impressed by the results of this year?s drilling which has extended the gold mineralization to more than 200 metres vertical depth and intersected some of the highest grades to date, including visible gold below 200 metres vertical depth, in the M-Island Zone,? said Herb Kokotow, President and CEO. ?These results highlight the tremendous exploration potential of the Larder Lake Project, and we are currently evaluating plans to follow up on these significant results.?

Results have been received from holes MI-08-08 and MI-08-09. Of the holes, MI-08-09 returned the highest grade results. Hole MI-08-09 was oriented to cut mineralization below the surface trenches where visible gold was found on the west side of M-Island. The hole intersected numerous intervals of significant gold mineralization, including:

From

To

Interval

Au

(metres)

(metres)

(metres)

(g/t)

120.8

122.3

1.5

1.38

172.5

174.0

1.5

1.97

196.7

244.9

48.2

1.56

Including

 

 

 

206.5

208.0

1.5

2.19

225.9

227.4

1.5

1.67

227.4

228.9

1.5

3.28

237.9

239.0

1.1

1.02

243.4

244.9

1.5

35.93

 

Hole MI-08-08 was drilled from the same location as hole MI-08-09 and angled north-westerly to test horizontal continuity of the vein system exposed by the trenches on the west side of the island. It tested down to about 150 metres vertically, passing south of the trenches, and cut a number of gold bearing zones, including:

From

To

Interval

Au

(metres)

(metres)

(metres)

(g/t)

26.0

30.5

4.5

0.82

Including

 

 

 

29.0

30.5

1.5

1.90

93.0

94.5

1.5

3.49

105.0

112.5

7.5

0.65

Including

 

 

 

108.0

109.5

1.5

1.22

 

Hole MI-08-07 was lost in overburden and not completed. All the above values were from alteration zones in feldspar porphyry with quartz veining. All intersections reported are core length and not true widths; true widths will be shorter in nearly all cases. All assays are uncut. Analyses were conducted by Laboratoire Expert Inc.

Exploration is supervised by L.G. Hobbs, P.Eng., Brigadier Gold?s Project Geologist and a qualified person under National Instrument 43-101. Mr. Hobbs has reviewed and approved the contents of this news release.

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.

 

Brigadier Gold Ltd

CODE : BRG.V
ISIN : CA1089092011
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Brigadier Gold is a gold exploration company based in .

Brigadier Gold holds various exploration projects in Argentina and in Canada.

Its main exploration properties are HUNTER GOLD MINE, CHARTRE-DUFRESNE and BENSON CREEK (KIRKLAND/ LARDER) in Canada.

Brigadier Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 623 900 as of today (US$ 498 841, € 436 984).

Its stock quote reached its highest recent level on July 31, 2020 at CA$ 0.51, and its lowest recent point on December 02, 2022 at CA$ 0.01.

Brigadier Gold has 62 390 000 shares outstanding.

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