December 8, 2014

Troy Property Option Executed

Kelowna, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce that it executed an option agreement to acquire a 100% interest in the Troy Property in Nye County, central Nevada, approximately 150 kilometers east of Tonapah. Brocade can now earn a 100% interest in Troy by spending USD$150,000 on exploration, issuing 350,000 Brocade common shares and paying USD$100,000 to Nevada Eagle by December 31, 2019. Brocade will also grant a 2% NSR to Nevada Eagle LLC if gold selling price realized is less than or equal to USD$1,750/oz, otherwise 3%. Nevada Eagle will grant Brocade an option to re-acquire 1.0% of the NSR for a cash payment of USD$1.0 million if the average market price of gold for the 60 days prior to option exercise is greater than or equal to USD$1,750/oz., otherwise 0.5% of the NSR for a cash payment of USD$0.5 million. The option is exercisable before the later of commercial production or December 31, 2019.

 

The Troy Property covers the historic Locke Mine workings with recorded production from 1948 thru 1950 at an average grade of 0.345 oz/t gold and 0.355 oz/t silver. The mineralization occurs within a variety of quartz bodies, including a massive mesothermal quartz vein, an extensive breccia zone and smaller sheeted and stockwork zones. The Property does not currently have a 43-101 compliant resource calculation, but the Company believes that this is achievable with a Phase 1 drill program along with analytics of existing data. The Company is currently expanding the claim group to provide more regional coverage.

 

Robert (Bob) Biagioni, President and CEO of Brocade stated: “We are extremely excited to add Troy to our portfolio with its small scale, near term, high grade production profile and the prospects of enlarging to a regional scope within the Troy Canyon.”

November 26, 2014

St. Elmo Property Option Renewed

Kelowna, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce that it has re-negotiated the terms of its St. Elmo Property Option Agreement with the Nevada Eagle LLC (formerly Urawest Energy, LLC). After acquiring the 50% interest of Jerry Keyes in May 2014, the Company and Nevada Eagle amended the agreement to cover the remaining interest of Nevada Eagle not already owned by the Company. Brocade can now earn a 100% interest in St. Elmo by spending USD$150,000 on exploration, issuing 175,000 Brocade common shares and paying USD$100,000 to Nevada Eagle by December 31, 2018. Brocade will also grant a 1 ½% NSR to Nevada Eagle with an option to re-acquire 0.75% of the NSR for a cash payment of USD$0.5 million before the later of commercial production or December 31, 2018.

 

Effective December 1, 2014, the Company has closed its Vancouver office. The business addresses and contact information of its principal officers can be found in the Contact Us section of our website.

June 16, 2014

Debt Financing Bonus Warrant

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) announced today that it has issued a common share purchase warrant to its secured debt lender. The Company issued 250,000 common share purchase warrants to Corus Investments Corp, a company controlled by the Company’s President, in return for continuing advances to sustain the operations of the Company and support its change in strategic direction. The warrant is exercisable for 5 years to June 16, 2019 at $0.25/share.

May 23, 2014

Brocade Acquires 50% Interest in St. Elmo

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce that it has acquired the interest of one of the property’s two 50% owners. The interest was purchased by the Company’s wholly owned Nevada subsidiary, Corus Acquisition Corp. The acquisition was for USD$19,500, including a one-time cash payment to Jerry Keyes and other transaction costs.

 

Robert (Bob) Biagioni, President and CEO of Brocade stated: “When presented with the opportunity we acted to further confirm our commitment to our new strategic direction which will focus on Nevada precious metals and projects with a near term, small scale production profile that will allow us to prudently invest in bringing these projects online and allowing development and additional regional exploration to be funded from production cash flows.”

September 6, 2013

St. Elmo Property Option Executed

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce that it executed an option to acquire a 100% interest in the St. Elmo Property (“St. Elmo”) in Elko County, northern Nevada with its joint tenure owners, Urawest Engergy LLC and Jerry Keyes. Under the terms of the agreement, Brocade can earn its interest in St. Elmo by spending USD$350,000 on exploration, issuing 250,000 Brocade common shares and paying USD$200,000 to the owners by December 31, 2018. Brocade will also grant a 3% NSR to the owners with an option to re-acquire 1 ½% of the NSR for a cash payment of USD$1 million before commercial production.

 

Robert (Bob) Biagioni, President and CEO of Brocade stated: “We are pleased to have added the near term production profile of St. Elmo to our property portfolio. This is the first step in changing our strategic direction towards Nevada precious metals and re-focusing from early stage, green field exploration to near term, small scale production profile to enable a project to fund its development and additional regional exploration from production cash flows.”

April 30, 2013

Working Capital Unit Financing Closed

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce that it has closed a private unit equity financing totaling $108,500 by issuing 723,333 units, consisting of one common share and one common share purchase warrant, at a price of $0.15/unit. The warrant is exercisable for two years at $0.15/share in year one and $0.20/share in year two. The proceeds will be used to fund general working capital.

 

Brocade has now raised a total of $1,990,500 in equity as a private company. The Company has 11,446,833 common shares issued and outstanding and a total of 4,618,333 warrants exercisable at various prices between $0.25 and $0.35 per share to June 8, 2014. To-date the company has not granted any options.

October 24, 2012

Root Spring Diamond Drill Program Returns Several Silver-Gold Intersections.

Including 3.1 m of 46.9 g/t Silver and 0.14 g/t Gold and 2.0 m of 89.4 g/t Silver and 0.25 g/t Gold
Phase Two Drill Program planned for 2013

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company” is pleases to announce that the first phase of the core drilling at its Root Spring project was completed between mid-June and mid-July, 2012 Eighteen widely-spaced shallow holes were completed for a total of 1,232 metres. The program targeted the down-dip projection of a gently-dipping gold-silver vein system. Brocade has the option to earn a 70% interest in the Root Spring property under the terms of its agreement with Redstar Gold Corp. (“Redstar”) (TSX.V:RGC). Root Spring is located in northwestern Nevada 25km east of the world-class Rochester silver mine operated by Coeur d’Alene mining Corporation, and the Spring Valley gold deposit being explored by Midway Gold Corp. and Barrick Gold Corp.

 

High-Grade silver mineralization, commonly found in gold, was encountered in most holes, with significant intersections including.

- Hole 2 intersected 9.40 m grading 16.5 g/t Ag and 0.53 g/t Au
– Hole 7: ends in 0.33 m grading 120 g/t Ag and 0.02 g/t Au
– Hole 11 intersected 1.98 m grading 89.4 g/t Ag and 0.25 g/t Au
– Hole 12 intersected 12.12 m grading 14.0 g/t Ag and 0.16 g/t Au
including 2.00 m grading 38.2 g/t Ag and 0.25 g/t Au
– Hole 13 intersected 10.70 m grading 17.2 g/t Ag and 0.14 g/t Au
including 3.10 m grading 46.9 g/t Ag and 0.24 g/t Au

Complete results are listed in the attached Table.

 

The drill program was designed to test the down-dip projection of exposed minaralized veins previously reported (March 21, 2012) surface samples graded up to 1,1420 g/t Ag and 7.91 g/t Au over 1.15 m. The 18 holes ranged from 37 m to 136 m in length and covered a strike length of about 1 km. The drillholes successfully intersected shallow vein-hosted and disseminated silver-gold mineralization of potentially mineable grade. Also importantly, the drill program confirmed that the host-rock sequence, containing disseminated tourmaline, is the same as that at Rochester and Spring Valley. Coeur d’Alene Mines Corpoartion reports average silver grades of 20 g/t Ag at its Rochester mine.

 

Given the success of the first drill phase, Brocade is planning additional drilling in 2013 designed to:

- evaluate the mineralized system to deeper levels and test several step outs along strike that are concealed by alluvial cover; drillhole 7 bottomed in high-grade silver mineralization and the deepest level tested in the 18 holes was only about 110 m below surface.
– follow-up drilling in areas with disseminated gold mineralization.

 

For the complete Brocade news release click here

For the complete Redstar news release click here

June 11, 2012

Brocade Metals Mobilizes to Commence Root Springs 2012 Exploration Drilling Campaign

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce that it has begun to mobilize crew and equipment to its Root Spring project in Pershing County, Nevada in anticipation of conducting the first ever core drilling evaluation of the silver-gold vein and stockwork system. The Company has received approval for the program from the Nevada Bureau of Land Management (“BLM”). The Root Spring project covers 1,120 hectares of lands administered by the BLM and is located 25 km east of Coeur d’Alene Mines’ operating Rochester open pit silver‐gold mine.

 

A total of 16 to 20 NQ drillholes, with an aggregate length of 1200 to 1500 metres, are planned. Drilling will test the surface rock geochemical sampling results and ground geophysical survey results announced on March 20, 2012.

 

Robert (Bob) Biagioni, President and CEO of Brocade stated: “We are extremely excited about this year’s Root Spring drill program as we are looking to build upon impressive surface rock sample results and test several resistivity anomalies identified during our 2011 program. Our drill program is designed to evaluate the vein system over 1.2 kilometres of its exposed trend. It will also investigate several high priority resistivity anomalies that suggest the system continues for hundreds of metres under alluvial cover to the northwest and southeast and that additional mineralized veins and silicified zones may occur to the southwest.”

 

Scott Weekes, President & CEO of Redstar, stated: “Redstar is very pleased with Brocade’s aggressive program at Root Spring, beginning with the surface sampling demonstrating the high quality of the gold-silver mineralization, through the geophysical program that has shown extensions under cover, and now with the drilling program. We look forward to their continued commitment to the project and the results of the drilling.”

 

Drilling is anticipated to begin on or about June 15th and will require an estimated 25 to 30 days to complete. Comprehensive interpretation of drill results will follow receipt of the assay data from ALS Minerals. The Company expects to announce final assay results by mid to late summer.

June 8, 2012

Brocade Metals Closes Unit Financing

 

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce that it has closed a private unit equity financing totaling $671,000 by issuing 2,684,000 units (consisting of one common share and one common share purchase warrant) at a price of $0.25/unit. The warrant is exercisable for two years at $0.30/share in year one and $0.35/share in year two. The proceeds will be used to fund the 2012 exploration program for the Company’s Root Spring silver-gold project in Pershing County, Nevada and for general working capital.

 

Brocade has now raised a total of $1,867,000 in equity as a private company. The Company has 10,663,500 common shares issued and outstanding and a total of 4,992,500 warrants exercisable at various prices between $0.25 and $0.35 per share to June 8, 2014. To-date the company has not granted any options.

May 25, 2012

Brocade Metals Acquires Plateau Minerals

 

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce that it has acquired Plateau Minerals Corp., a private exploration services company based in Prince George, BC. The acquisition provides Brocade with an expanded exploration services capability and 3rd party clients to support year-round service.

 

Robert (Bob) Biagioni, President and CEO of the Company stated: “We are pleased to have acquired Plateau’s strong geological team and an existing revenue stream from 3rd parties. The acquisition will allow Brocade to grow its geological services to support a year round exploration emphasis and support new and existing precious and base metal projects in North America.”

March 20, 2012

High Grade Silver and Gold in Rock Samples from Brocade’s Root Spring Property, Nevada

 

Vancouver, British Columbia: Brocade Metals Corp. (“Brocade” or the “Company”) is pleased to announce results from rock sampling and geophysical surveying completed on its Root Spring property, located in Pershing County, Nevada. The property covers a silver and gold-bearing quartz vein system that is located along the west side of the East Range, 25 km east of Coeur D’Alene Mines’ operating Rochester open pit silver-gold mine with recorded production of more than 125 million ounces of silver and more than 1.2 million ounces of gold since production began in 1986 (source: www.coeur.com/operations-rochester-nevada.html). Brocade has the option to earn a 70% interest in the Root Spring property under the terms of its agreement with Redstar Gold Corp. (“Redstar”) (TSX.V:RGC).

 

Click here for the whole Brocade news release

Click here for the whole Redstar news release

December 30, 2011

Brocade Metals Corp. Closes 2011 Flow Through Financing

 

Vancouver, British Columbia – Brocade Metals Corp. is pleased to announce it closed a flow-through financing totaling $258,000 by issuing 1,032,000 units (consisting of one flow-through share and one half a common share purchase warrant) at a price of $0.25/unit. The warrant is exercisable for two years at $0.30/share in year one and $0.35/share in year two. The proceeds will be used to fund the 2012 exploration program for the Company’s Ruby silver-gold property.

 

The Company has now raised a total of $1,146,000 in equity as a private company. We have 7,779,500 common shares issued and outstanding and a total of 2,308,500 warrants exercisable at various prices between $0.25 and $0.35 per share to December 30, 2013. There are no options granted.

July 4, 2011

Brocade Metals Corp. Closes Private Unit Financing

 

Vancouver, British Columbia – We are pleased to announce the Company has raised $347,500 through the sale of 1,390,000 units which closed on July 4, 2011. The financing is to fund the additional cash requirements of our new Root Spring Property and working capital needs. The unit financing consisted of one non‐flow through common share and one half common share purchase warrant at an issue price of $0.25 per unit. One full share purchase warrant will entitle an investor to purchase a common share for $0.30/share in the 1st year and $0.35/share in the 2nd year.

 

The Company has now raised a total of $838,000 in equity as a private company. We have 6,547,500 common shares issued and outstanding and a total of 1,792,500 warrants exercisable at various prices between $0.25 and $0.35 per share to July 4, 2013. There are no options granted.

June 6, 2011

Brocade Metals Corp. Options Root Spring Property from Redstar Gold Corp. (Redstar News Release pdf.)

 

We are pleased to announce the signing in early June 2011 of an option agreement with Redstar Gold Corp. (TSX.V:RGC), for the Root Spring Property (“Root Spring”) in Nevada. Under terms of the agreement, Brocade can earn a 70% interest in Root Spring by spending $3.5 million on exploration, issuing 500,000 shares and paying $200,000 to Redstar by Dec. 31, 2014. Root Spring contains an extensive gold‐silver vein system and is located about 80 km south of Winnemucca and 25 km east of the world‐class Rochester silver mine operated by Coeur d’Alene Mines Corporation.

 

Mineralization at Root Spring is contained within 2 northwest‐trending quartz veins, the quartz‐vein system is at least 1.2 km long, with extensions covered by valley‐fill post‐mineralization alluvium. Veins are up to 5m thick, with two parallel veins exposed, separated by about 100 meters. Surface rock‐chip values in veins reach 9.36 ppm gold (0.273 ounces per ton) accompanied by high silver values reaching 1,500 ppm (44 ounces per ton). The two veins are surrounded by poorly‐exposed silicified volcanic rocks containing quartz‐vein stockworks.

 

Previous exploration is limited to a 1987 drilling program of seven shallow drill holes totalling only 404 meters (deepest hole at 91 meters). The holes were incompletely assayed by atomic absorption only (no fire assay). Given the presence of sulfide, the assays may have underestimated grade. Other historic work on the project includes a small pit which reportedly yielded a shipment of 40 tons grading 14 opt silver.

 

Root Spring offers an opportunity to delineate gold‐silver mineralization within large veins and surrounding wall rocks that could be similar to the nearby Rochester mine. The vein system is partly concealed by alluvium and is likely to extend significantly along strike beyond the limited vein exposures. Further, the two parallel veins indicate the potential for additional veins at depth. The veins and host volcanics also project under an area of post‐mineralization Tertiary volcanic rocks which could conceal additional mineralization.

 

We are planning to undertake a 2011 exploration program at Root Spring of approximately $100,000, which will consist of an aerial survey, field exploration and sampling to identify primary and secondary drill targets for a 2012 exploration program.

December 30, 2010

Brocade Metals Corp. Closes Flow Through Financing For Ruby 2011 Exploration Program

 

Vancouver, B.C. – Brocade Metals Corp. closed a flow-through financing totaling $219,500 by issuing 1,097,500 units (consisting of one flow-through share and one common share purchase warrant) at a price of $0.20/unit. The warrant is exercisable for two years at $0.25/share in year one and $0.30/share in year two. The proceeds will be used to fund the 2011 exploration program for the Company’s Ruby silver-gold property.

October 27, 2010

Brocade Metals Corp. Appoints Darby Kreitz, P.Eng., As Its Board Chairman

 

Vancouver, B.C. – The Board of Directors of Brocade Metals Corp. has appointed Darby Kreitz, P.Eng., as its Chairman. Darby is a Principal and President of Allnorth Consultants Limited,  a multi-discipline engineering company with offices across Canada.

October 27, 2010

Brocade Metals Corp. Closes Seed Equity Financing

 

Vancouver, B.C. – Brocade Metals Corp. has raised $256,000 in equity capital by issuing a total of 2,560,000 common shares at a price of $0.10/share. Proceeds of the financing will be used for 2010 exploration and option costs of the Company’s Ruby property and general corporate purposes.

 

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