5 hours ago by Business Wire
Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD)
is pleased to announce that exploration drilling on the Company's Grey
Fox property continues to return high-grade gold assays from the 147
Zone.
The following table includes highlights from the drill holes reported today from the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):
The following table includes highlights from the drill holes reported today from the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):
Hole Number From To Core Length Gold Assay Grams X Width
------ ------ ----------- -----------
(m) (m) (m) grams/tonne
------ ------ ----------- -----------
GF12-489 142.00 143.30 1.30 47.41 62
----------- ------ ------ ----------- ----------- -------------
179.00 213.00 34.00 3.54 120
------ ------ ----------- ----------- -------------
including 187.00 193.00 6.00 14.19 85
----------- ------ ------ ----------- ----------- -------------
GF12-512 160.00 218.40 58.40 2.70 158
----------- ------ ------ ----------- ----------- -------------
including 195.00 206.00 11.00 8.05 89
----------- ------ ------ ----------- ----------- -------------
GF12-516 92.40 98.00 5.60 5.53 31
----------- ------ ------ ----------- ----------- -------------
183.00 222.00 39.00 6.33 247
------ ------ ----------- ----------- -------------
GF12-518 137.00 159.00 22.00 3.17 70
----------- ------ ------ ----------- ----------- -------------
176.00 208.70 32.70 2.13 70
------ ------ ----------- ----------- -------------
GF12-519 149.00 168.00 19.00 5.80 110
----------- ------ ------ ----------- ----------- -------------
including 156.00 162.00 6.00 14.68 88
----------- ------ ------ ----------- ----------- -------------
GF12-523 133.00 139.00 6.00 3.97 24
----------- ------ ------ ----------- ----------- -------------
172.80 176.00 3.20 38.30 123
------ ------ ----------- ----------- -------------
191.00 208.00 17.00 3.90 66
------ ------ ----------- ----------- -------------
GF12-553 203.00 205.60 2.60 42.78 111
----------- ------ ------ ----------- ----------- -------------
GF12-561 221.00 224.00 3.00 10.62 32
----------- ------ ------ ----------- ----------- -------------
300.50 358.00 57.50 5.17 297
------ ------ ----------- ----------- -------------
including 350.00 357.00 7.00 24.86 174
----------- ------ ------ ----------- ----------- -------------
"Drill results from the 147 Zone continue to return high gold grades
over wide intervals," said Howard Bird, Brigus' Senior Vice President of
Exploration. "Drilling is ongoing with four drill rigs working to expand
the gold resource on the Grey Fox property."
Brigus' Grey Fox property is located on the southern portion of the Black Fox Complex and is comprised of the 147, Contact and Grey Fox South zones. Planning is underway to develop this property into the Company's next mine. The Grey Fox Mine is expected to be in production by early 2015.
Over the past two years, exploration at Grey Fox has been very successful with the definition of a new 571,000 ounce resource including 480,850 ounces in the Indicated category from the Contact and 147 zones - adding more than 50 percent to the gold resource on the Black Fox Complex.
Details of the most recent 147 Zone drill holes and drill-hole location map can be found on the Company's website at www.brigusgold.com.
Surface drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.
About Brigus Gold
Brigus is a growing Canadian gold producer committed to maximizing
shareholder value through a strategy of efficient production, targeted
exploration and select acquisitions. The Company operates the wholly
owned Black Fox Mine and Mill in the Timmins Gold District of Ontario,
Canada. The Black Fox Complex encompasses the Black Fox Mine, the new
Grey Fox property and adjoining properties in the Township of Black
River-Matheson, Ontario, Canada. The Black Fox mine is in production and
the Grey Fox mine, located four kilometres from Black Fox is in
development. Brigus is also advancing the Goldfields Project located
near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona
gold deposits. In Mexico, Brigus owns the Ixhuatan Project located in
the state of Chiapas. In the Dominican Republic, Brigus has signed an
agreement to sell its remaining interests in three mineral exploration
projects.
Cautionary and Forward-Looking Statements
Statements in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox resources, advance new discoveries to production, convert resource estimates into near-term production, release of an updated mineral resource estimate in 2012 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.
SOURCE: Brigus Gold Corp.
Brigus Gold Corp. Jennifer Nicholson, CA Executive Vice President Phone: (902) 442-7186 Email: jnicholson@brigusgold.com or Kate Wood Manager, Investor Relations Phone: (902) 442-7184 Email: kwood@brigusgold.com
