Bob Moriarty
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Feb 26, 2021
The resource shares have been in a massive correction since peaking in August of 2020. For a time it looked as if it was getting long in the tooth at the end of Tax Loss Silly Season in December but the blip higher soon turned into yet more decline.
But Saturday February 27th is a full moon. At full moons markets tend to either accelerate in the direction they are trending or to do a quick turn. Since the DSI of gold is pretty low today at 21 I think there is a good chance of a turn very soon especially if gold keeps moving lower on Friday the 26th.
Brigadier Gold (BRG-V) is one of those companies under the radar screen that has almost everything going for it except investors. With their 3,950 ha gold/silver project located in Sinaloa Mexico midway between Vizsla Silver (VZLA) market cap $136 million and GR Silver (GRSL) market cap $99 million you would think that BRG would be worth more than $15 million.
They call the project the Picachos deposit and it is centered over the former San Agustin gold/silver mine. Within the borders of the property the company counts 160 former mines and small workings. Drilling to date has confirmed a seven km strike length of vein that show continuity on strike and mining width at depth.Brigadier announced excellent but fairly typical results a weekago showing 12.62 g/t Au, 78 gram silver and a blistering 4.5% copper. That’s over $1200 rock.
(Click on image to enlarge)
A few days agoBRG put out another press releaseannouncing a well deserved second drill rig with a small financing to pay for the Phase Two drill program. The placement consists of 5 million shares and a full warrant. The Unit costs $.20 and the warrant is good for a year at $.30. A prior placement had 14 million warrants at a dime expiring this June. That put a substantial overhang on the stock but the majority of those warrants have been exercised and that removes the over hang.
While the company has had excellent results from whenthey announced the 46 g/t gold intercept over a meterin the very first drill hole in Picachos the market has yet to wake up and smell the gold. I highly suspect it will very soon. The general market is teetering on the edge of a giant collapse and when it goes over the edge, investors are going to head for the safety and security of gold and silver.
I have bought a lot of shares in the open market. BRG is an advertiser therefore I am biased. Do your own due diligence.
Brigadier Gold Limited
BRG-V $.215 (Feb 25, 2021)
BRADF-OTCBB 63.9 million shares
Brigadier Goldwebsite
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Bob Moriarty
President: 321gold
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