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Bullboard - Stock Discussion Forum Pace Metals Ltd V.PACE

Alternate Symbol(s):  BGADF

Pace Metals Ltd., formerly Brigadier Gold Limited, is a mineral mining company operating in the industry of mineral exploration. The Company is engaged in the acquisition, exploration, and development of mineral properties with a primary focus on exploration of the Nemaska2 Lithium property, Quebec and the Killala Lake diamond property, Ontario. The Nemaska2 Lithium Property consists of over... see more

TSXV:PACE - Post Discussion

Pace Metals Ltd > Brigadier samples up to 31.4 g/t Au at Picachos
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Post by JustZeeFacts on Mar 23, 2021 1:39pm

Brigadier samples up to 31.4 g/t Au at Picachos

Brigadier samples up to 31.4 g/t Au at Picachos
 
2021-03-22 12:28 ET - News Release
 
 
Mr. Ranjeet Sundher reports
 
BRIGADIER DISCOVERS AND SAMPLES SEVERAL HISTORIC UNDERGROUND MINES AT ITS PICACHOS HIGH GRADE GOLD-SILVER PROPERTY
 
Brigadier Gold Ltd. has discovered and systematically sampled over two dozen historic underground workings at its Picachos gold-silver project, Sinaloa, Mexico.
 
Brigadier has rehabilitated, mapped and sampled 29 newly discovered historic mine workings in the central part of the property near the intersection of the east-northeast trending Cocolmeca vein system (CVS) and northwesterly trending El Placer system. The underground workings are concentrated in two areas named El Cobre and El Placer Norte.
 
Having discovered, accessed and sampled these underground workings was an efficient and inexpensive way to improve the company's knowledge of the mineralizing systems at Picachos. The pending assay results together with related surface trenching and nearby diamond drilling will assist in understanding the mineralization on the property and greatly assist in identifying its next drill targets.
 
"There is a lot of geological action in the Cobre area," commented geologist and qualified person Michelle Robinson. "We have northerly trending veins represented by El Cobre, Las Calzadas and 27047. These appear crosscut and offset by the northwesterly trending El Herrero vein. More recent strike-slip movement on La Cocolmeca is regionally important and apparently offsets some vein segments. Further, the intrusive rocks into the volcanic pile contain orbicules, a feature indicative of volatile-rich melts capable of generating robust hydrothermal systems in the porphyry environment. For now, we are exploring the vein potential, but this project has an exposed porphyry system in the northwest, and buried parts may be discovered by drilling under veins such as El Cobre."
 
El Cobre area
 
At El Cobre, five principal veins have been identified: El Cobre, El Herrero, Las Calzadas, La Cocolmeca and Vein 27047. The veins are hosted in ignimbrites correlated to the Socavon member of the Late Cretaceous Tarahumara volcanic arc. These ignimbrites unconformably overlie submarine andesitic volcanic rocks tentatively assigned to the Jurassic Guerrero terrane. The strata are intruded by orbicular monzonite porphyry that is younger than the 74-million-year-old Socavon ignimbrite. Brigadier has assay results for level 755, a crosscut 10.1-metre-long oriented 70-degree norhteast across El Herrero vein. The first eight m intercepted 0.12 per cent copper in a quartz-chalcopyrite-pyrite stockwork hosted in pervasively silicified ignimbrite. The last 2.1 m intercepted 3.3 per cent copper and 0.56 per cent lead with 108 grams per tonne silver, 0.1 g/t gold, 177 parts per million bismuth and 23 ppm tungsten. Most of the assays for El Cobre are pending.
 
El Placer Norte area
 
At least six veins comprise the northern part of the El Placer vein system: Las Tacuachas, Los Lentes, Coralillo, La Chivera, El Huarache and Pantufla. These veins are hosted in rhyolitic ignimbrite of probable Paleocene age that unconformably overlie the Socavon ignimbrite. These veins were defined by mapping and sampling historic workings between 1,000 and 1,180 m elevation. The historic workings are mainly short adits that follow narrow higher-grade intervals within the larger El Placer vein system. Individual sample results for Las Tacuachas, Los Lentes and Corallio are in the included table. The best result from the underground work was 31.4 g/t gold, 11 g/t silver, 0.2 per cent copper, 0.5 per cent lead and 2 per cent zinc across 0.3 m in sample BRG-25139. To better understand the potential of the larger system, Brigadier did 80 m of trenching across El Placer in three segments starting northeast of Los Lentes. Results include eight m of 2.14 g/t gold and 0.12 per cent lead across the Tacuachas vein (BRG-117146) and four m of 1.95 g/t gold, 0.1 per cent lead and 0.3 per cent zinc across the surface of Los Lentes (BRG-117154). In addition to verifying the structures mapped underground, the surface trenches have identified gold anomalies between known veins that indicate the presence of several additional veins. Assays for La Chivera, El Huarache and Pantufla are pending.
 
          RESULTS OF ROCK CHIP-CHANNEL SAMPLES ACROSS UNDERGROUND WORKINGS AND 
                    SURFACE TRENCHES ON THE EL PLACER VEIN SYSTEM
 
                          True
             From    To  width   Gold   Silver  Copper    Lead    Zinc  
Sample line   (m)   (m)    (m)   (g/t)   (g/t)   (ppm)   (ppm)   (ppm)                          Area
 
BRG-27048       0   0.5    0.5    0.58       1     564   1,358     893             Tacuachas L. 1000
BRG-27049       0   0.4    0.4   10.73       6     815     994     881             Tacuachas L. 1000
BRG-27050       0   0.5    0.5    3.23       1     198     930     958             Tacuachas L. 1000
BRG-27023       0   1.1    1.1    0.07       1     338     677     551             Tacuachas L. 1011
BRG-27060     0.2   0.3    0.1    0.26       5   1,880   7,569   2,475             Tacuachas L. 1011
BRG-27053       0   0.1    0.1   20.19      16   1,667   1,407   4,835             Tacuachas L. 1016
BRG-27020       0   1.1    1.1    0.45       2     304   1,205     226             Tacuachas L. 1016
BRG-27016     0.1   0.2    0.1    1.03       6   1,615   8,317     917             Tacuachas L. 1025
BRG-25149       0   0.7    0.7    4.40       1     290   1,336   4,123             Tacuachas L. 1030
BRG-27018     0.2     1    0.8    3.40       5     852   5,938  11,700             Tacuachas L. 1030
BRG-25139     0.6   0.3    0.3   31.40      11   1,818   4,690  19,600             Tacuachas L. 1030
BRG-25140       0   1.8    1.8    0.13       1     152   1,245   4,304          Tacuachas L. 1030 FW
BRG-25142       0   0.4    0.4    2.43       3     937   4,919   2,719             Tacuachas L. 1029
BRG-25145       0   0.8    0.8    0.93       2     201   1,260   2,311             Tacuachas L. 1029
BRG-25144       0     2      2    0.52       3     344   1,324     816             Tacuachas L. 1029
BRG-24364       0   0.5    0.5    8.50       1      79     435     904             Coralillo L. 1035
BRG-24365       1   1.1    0.1   24.66       1     111     401   1,133             Coralillo L. 1035
BRG-24366       0   1.5    1.5    1.04       8   1,634   5,713   3,629             Coralillo L. 1035
BRG-24368       0   0.9    0.9    4.64       1     266   1,206     816             Coralillo L. 1035
BRG-24369       0   0.3    0.3    1.34       3     942   5,405   2,061             Coralillo L. 1035
BRG-24370       0   0.8    0.8    2.02       2   1,178   7,250   1,744             Coralillo L. 1035
BRG-25158       0   0.1    0.1    6.25      17   6,157  22,700   6,626            Los Lentes L. 1026
BRG-25159       0   0.9    0.9    2.38       6   1,941   6,165  10,900            Los Lentes L. 1026
BRG-25160       0     1      1    2.24       5   1,382  21,000   3,579            Los Lentes L. 1026
BRG-24362       0   0.1    0.1    1.49       2     993   7,089   4,870            Los Lentes L. 1026
BRG-24363       0  0.15   0.15    3.56       7   1,784   6,985     980            Los Lentes L. 1026
BRG-27076       0   0.5    0.5    6.32       3      67     225     466  Between Lentes and Tacuachas
BRG-117154      0    65     65    0.52       1      93     815   1,532                        Trench
Including      47    51      4    1.95       2     203   1,061   2,917             Across Los Lentes
BRG-117135      0    10     10    0.81       1     107     822     574        Southwest of Tacuachas
BRG-117146      0     8      8    2.14       1     151   1,170     646     Tacuachas surface 1,058 m
National Instrument 43-101 disclosure
 
The technical information in this press release has been reviewed by Ms. Robinson, MASc, PEng, a qualified person as defined by NI 43-101. Core and sample handling procedures are documented in the company's press release dated Oct. 22, 2020. Standard pulps, field duplicates, pulp duplicates and blanks are inserted into the sample stream. The samples were analyzed by SGS Laboratories in Durango using fire-assay methods for gold, and inductively coupled plasma methods with a four-acid digestion for silver and base metals. SGS is an accredited laboratory. It is the qualified person's opinion that the technical information disclosed in this press release is reliable.
 
About Brigadier Gold Ltd.
 
Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Its mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.
 
Led by a management team with decades of experience in mineral exploration and capital markets development, the company is focused on advanced exploration opportunities in politically stable jurisdictions.
 
We seek Safe Harbor.
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