Brigadier Gold (BRG.V) has appointed Robert Birmingham as its new CEO. Birmingham will succeed Ranjeet Sundher as head of the company while Sundher will remain on as a director of Brigadier. According to the company, Birmingham has 15 years of public markets experience including his current position as CEO of New Destiny Mining (NED.V) but that company seems to be dormant as the most recent press release of the company that wasn’t related to financing announcements is almost 18 months old, from November 29, 2019. So Birmingham should have plenty of time available to lead Brigadier Gold.
The company also provided an exploration update. The Phase 1 drill program has now almost been completed as Brigadier has completed in excess of 4,500 meters of drilling in 43 holes. The assay results of the first 28 holes have already been released to the market, and the results of an additional 15 holes are still pending. The primary target of this maiden drill program was to drill-test the Colcomeca vein system which has been traced for a distance of about 7 kilometer across the property.
Right now, the drill rig is testing a newly discovered outcrop of the Cocolmeca vein, about 1.2 kilometers northeast of San Antonio. QP Robinson seems to be excited about this hole as she already openly discusses the outcrop as a ‘significant mineral chute’ so it will be interesting to keep an eye on the assay results of that specific hole (hole 43, as pictured in the image on top). It will likely take a while before the lab releases the assay results although it’s not impossible Brigadier will try to put a rush request on it if the hole really looks as interesting as QP Robinson makes it sound. With the share price trading at just C$0.17 and pretty much every open-market buyer sitting on a loss, we are keeping our fingers crossed to see some decent assay results in the few dozen holes Brigadier will still have to report on.
Disclosure: The author has a small long position in Brigadier Gold. Brigadier is a sponsor of the website. Please read our disclaimer.