Brigadier Gold announced it has entered into a Term Sheet for an Option Agreement with Puma Exploration, which will follow with a formal agreement, to acquire Puma’s 71.6% interest in the Little Stull Lake gold project in northeastern Manitoba, Canada. Tanqueray Resources, which has a right of first refusal on Puma’s interest, owns the remaining 28.4% interest in the Little Stull Lake gold project. The Option Agreement includes a Pre-Commercial Production Advance Royalty and NSR. Brigadier will be the operator.
Reported that the work performed on the property during second quarter 2008 involved the demobilization of drilling equipment on the work site. No work is planned for the third quarter.
February 29, 2008
All of the Phase 1 holes intersected the mineralized basalt, which contains an average of three intersections one metre in length with gold values ranging from 1 to 46 g/t Au. In addition, the holes intersected rich zones containing 46.0 g/t Au, 15.6 g/t Au, 8.4 g/t Au, and 7.2 g/t Au respectively.
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