Wednesday, November 20, 2013

Brigus Gold is on a roll into 2015






If you are looking for a growing, junior gold miner, that makes profit, is growing it's margin, and resource base, while reducing overall costs of production, look no further than Brigus Gold.

In Q3 Brigus produced a record 22,000 oz and is on track to exceed 100,000 oz producion per year for the forseeable future.  Resource base has grown to over 2 million oz.

In October drilling at the Black Fox Mine site hit a whopper of a result at 18.09 grams per ton over 39.60 metres, including 39.45 g/t over 10.35 metres. This, in an industry where 3g/t is considered mineable.


That result occured only 2 weeks after hitting a previous whopper of  40.71 gpt Gold Over 26.75

Both if these occured at Brigus's producing Black Fox Mine.  At the same time they began hitting great results at thier Grey Fox property as well.

Although headquartered in Halifax Nova Scotia, Brigus mines are situated in the Timmons Ontario gold district which has been one of the most prolific gold producing regions of the world for decades.  Brigus is an anomaly in the junior gold space. Why? Because it has a working gold mine, it produces gold, is profitable and it is growing.
Brigus Gold Corp  Today - .70c per share
Market Cap$167.8MBeta0.98
Revenue (TTM)$144.1MEPS$0.10
Shares Out.232.1MBook Value$1.05
Dividend Yield0.00%P/E7.4x
Annual Dividend Rate$0.00Price/Sales (TTM)1.2
Ex-Div Date1/1/01P/Cash Flow (TTM)2.7x
Pay Date1/1/01Operating Margin14.79%


If you are in the market for a junior gold miner, you should consider Brigus Gold, before the share price catches fire, because I believe it surely will.

Hope you have great results with your Retirefunds.

HP

Monday, November 18, 2013

Canada Lithium now in Continuous production mode

Canada Lithium Posts Milestone Achievement with First Continuous Lithium Carbonate ProductionTSX: CLQ; U.S. OTC: CLQMF
Canada Lithium Corp. ("Canada Lithium" or the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) is pleased to announce that continuous production of lithium carbonate has been achieved for the first time, as commissioning proceeds through the latter stages at the Company's open-pit mine and processing plant near Val d'Or, Québec. While previous production was achieved in batch-style fashion, all circuits in the process plant, from the crusher through to the final bagging station for lithium carbonate, are operating on a continuous basis.
Day-shift mining operations, temporarily suspended in July, have been reinstated in order to rebuild the ore stockpile depleted over the past quarter. As noted previously, crushing, grinding, concentrator and kiln circuits are operational and will be sequentially stepped-up to design capacity over the coming months. Commissioning of the hydrometallurgical circuit continues to proceed as per the revised timetable, and lithium carbonate product is being packaged on-site.

Throughout the commissioning phase, the Company has continued to monitor working capital levels. Product shipments to Tewoo in China are currently scheduled to commence within the coming weeks. Please log-in to http://www.canadalithium.com/s/PhotoGallery.asp to view the most recent stages of carbonate production.

About Canada Lithium Corp.
The Company holds a 100% interest in the Québec Lithium Project near Val d'Or, the geographical heart of the Québec mining industry. It has completed construction and is in the commissioning phase of an open-pit mine and on-site processing plant with estimated capacity to produce approximately 20,000 tonnes of battery-grade lithium carbonate annually. Metallurgical tests have produced battery-grade lithium carbonate samples. A five-year off-take agreement for a minimum of 12,000 tonnes per year has been signed with Tewoo-ERDC, one of China's larger commodities traders. A second off-take for up to 5,000 tonnes per year has been signed with Marubeni Corp., a major Japanese commodities trading company. Lithium carbonate is used in lithium-ion batteries that power consumer electronics (laptops, tablets, etc.), power-grid storage facilities and electric and hybrid vehicles. For more information regarding the Company, please refer to the Company's public filings available at www.sedar.com and www.canadalithium.com including, in particular, the Company's Management's Discussion and Analysis for the year ended December 31, 2012 and its Annual Information Form for the year ended December 31, 2012 and the Management's Discussion and Analysis for the three-month and six-month periods ended June 30, 2013. The Company trades under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is based upon the Company's beliefs, estimates and opinions as at the date of this press release, which the Company believes are reasonable, but no assurance can be given that these will prove to be correct. Furthermore, the Company undertakes no obligation to update or revise forward-looking information contained herein if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Forward-looking information relates to future events or to future conditions, performance or results of operations and reflects current expectations or beliefs regarding such matters including, but not limited to, information or statements with respect to the use of proceeds, in addition to the following: (i) the amount of mineral resources; (ii) exploration, development and production activities, including information regarding the potential mineralization and resources; (iii) the amount of future output over any period; (iv) net present value and internal rates of return of the mining operation; (v) assumptions relating to capital costs, operating costs and other cost metrics; (vi) assumptions relating to gross revenues, operating cash flow and other revenue metrics; (vii) assumptions relating to future price and demand for lithium and other macroeconomic metrics; (viii) exploration and development plans, including anticipated costs and timing thereof, time frames for completion, and anticipated time to production; (ix) mine potential and expected mine life; and * sources of and anticipated financing requirements.
All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "project", "estimate", "assume", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "strategy", "goal", "may", "could", "would", "might", or "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook.
Forward-looking information is based upon certain assumptions by the Company or its consultants and other important factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such information. Such information is based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of lithium, anticipated costs and ability to achieve goals. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking information include, but are not limited to: (i) required capital investment and estimated workforce requirements; (ii) estimates of net present value and internal rates of return; (iii) future demand and market prices for lithium; (iv) receipt of regulatory approvals on acceptable terms within commonly experienced time frames; (v) anticipated timelines for the commencement of production; (vi) anticipated timelines for community consultations and the impact of those consultations on the regulatory approval process; and (vii) future exploration plans and objectives.
By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to, risks and uncertainties relating to: assumptions regarding the going concern of the Company, the Company's ability to continue to satisfy its interest payment obligations under its outstanding convertible debentures, the ability of the Company to comply with its financial ratio covenants in its debt facility and to better align its debt facility repayment obligations with its revised project schedules, successful and timely commissioning, ramp-up and production at the Québec Lithium Project in accordance with the project's revised schedules, the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production, timely lithium carbonate delivery of acceptable quality to the Company's off-take partners in accordance with the off-take agreements, the continuing support and cooperation of the Company's off take partners, and the achievement of breakeven cash flow as projected, in addition to the following: (i) the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; (ii) results of feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, (iii) the outcome of litigation in which the Company is or may in the future become involved; (iv) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; (v) mining and development risks, including risks related to accidents, equipment breakdowns, labor disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; (vi) risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; (vii) risks related to future commodity demand and price and foreign exchange rate fluctuations; (viii) the uncertainty of profitability based upon the cyclical nature of the industry in which the Company operates; (ix) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities; * risks related to environmental regulation and liability; (xi) political and regulatory risks associated with mining and exploration; (xii) risks related to the uncertain global economic environment; and (xiii) other risks and uncertainties related to the Company's prospects, properties and business strategy.
Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, investors and others are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release. All forward-looking information contained in this press release or incorporated by reference herein is expressly qualified by this cautionary note.
For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the Company's public filings available at www.sedar.com and www.canadalithium.com including, in particular, the "Risks and Uncertainties section of the Company's Management's Discussion and Analysis and the "Risk Factors" section of the Company's Annual Information Form for the year ended December 31, 2012 .
SOURCE Canada Lithium Corp.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2013/18/c8250.html
SOURCE: Canada Lithium Corp.
Peter Secker, CEO and Deputy Chairman (416) 361-2821   Olav Svela, Director, Investor
Relations (416) 361-2821 or (416)  479-4355 osvela@canadalithium.com   Laurence A.
Lachance, Renmark Financial Communications Inc. (416)  644-2020
llachance@renmarkfinancial.com   Please visit the Canada Lithium website
atwww.canadalithium.com   You can also follow us on Facebook and Twitter. Corporate
Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4

Flinders Resources moving ahead with Graphite production schedule

Flinders Resources LimitedFlinders Resources Limited

TSX VENTURE : FDR



November 14, 2013 08:45 ET

Flinders Board Approves Production Plan for the Woxna Graphite Project



VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2013) - Flinders Resources Limited ("Flinders" or the "Company") (TSX VENTURE:FDR) is pleased to provide an update on its production plan for the Woxna graphite project in Sweden (the "Woxna Project"). If successful the updated plan would permit Flinders to maintain its strategic advantage in becoming the first public company to produce graphite on a commercial scale.

Blair Way, President & CEO states, "After joining the Board and Management, my focus has been to transition Flinders from engineering work to re-establishing production at a capital cost within the Company's means. This would allow us to develop cash flow in the short term and form strong and lasting relationships with customers. We have reviewed all aspects of the recently published Preliminary Economic Assessment on the Woxna Project ("PEA") to define a staged implementation of the PEA. There is no material change to the PEA as it defines the path to production. The implementation plan allows for staged production rates and capital cost spending such that the initial startup requires less than half the total capital cost estimated in the PEA. The balance of the PEA capital cost will be invested in stages as sales and subsequent production levels demand. With more than CDN$11M in cash and zero debt, in combination with expected revenue from graphite sales from mid-2014, we believe the Company is well positioned to incrementally increase to production levels outlined in the PEA. Our aim is to be in production by the end of Q2 2014. With stabilized graphite prices, this is an exciting time for the Company and I look forward to providing regular updates on the progress at site."
The Company advises that it has not based its production decision on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved. Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
The Company further cautions that the PEA is preliminary in nature. No mining study has been completed. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that the PEA will be realized.
The fully-permitted and past-producing Woxna Project remains unique in terms of the low startup capital, a high quality coarse graphite flake product and proximity to Europe, one of the world's dominant graphite markets. After the finalization of the PEA in October 2013, and deterioration in the capital markets, the challenge has been to initiate production at a capital cost within the Company's means.
The Flinders Board recently approved the staged production plan for commencing production of graphite from Woxna. This staged plan spreads the PEA capital cost over the next 4 years based as sales contracts are established but permits for lower production levels and costs until the sales warrant capacity expansion.
The open pit mine has been dewatered and is ready to put in service. The front end (grinding) and backend of the plant (drying/sorting/packing) are in serviceable condition, however the middle floatation section requires some additional equipment to enable optimized production according to the improved flow sheet defined in the PEA. Procurement of equipment (new and used) and design work has commenced. The Company currently exceeds all environmental statutory requirements and has established water balance control measures at site that will be upgraded to match the staged production plan to ensure all discharges are within environmental requirements.
The Company believes that the staged production plan will facilitate marketing of its products and allow the Woxna project to re-establish its former position as a key supplier of graphite to Europe. Flinders aims to position itself as the supplier of choice in terms of price, supply security and quality to the European graphite market. The production model being implemented will ensure the Company has developed an adequate customer base before ramping up to larger scale production and that the graphite products consistently meet end user specifications. Through the sale of reprocessed graphite over the last 12 months the Company has made substantial marketing in-roads and is confident the Woxna brand will continue to be well received throughout Europe.
Michael Hudson, FAusIMM, MSEG, MAIG, a director of the Company and a qualified person as defined under NI 43-101, has reviewed the scientific and technical disclosure in this news release.

On behalf of the Board,
Blair Way, President and CEO

Forward-Looking Information
Certain information in this presentation may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "Forward-Looking Statements"). All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are Forward-Looking Statements. Forward-Looking Statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could", or "might" occur or be achieved and other similar expressions. Forward-Looking Statements are based upon the opinions and expectations of the Company based on information currently available to the Company. Forward-Looking Statements are subject to a number of factors, risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the Forward-Looking Statements including, among other things, the Company has yet to generate a profit from its activities; there can be no guarantee that the estimates of quantities or qualities of minerals disclosed in the Company's public record will be economically recoverable; uncertainties relating to the availability and costs of financing needed in the future; competition with other companies within the mining industry; the success of the Company is largely dependent upon the performance of its directors and officers and the Company's ability to attract and train key personnel; changes in world metal markets and equity markets beyond the Company's control; mineral reserves are, in the large part, estimates and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized; production rates and capital and other costs may vary significantly from estimates; the Company's decision to restart production at the Woxna graphite project is based on historical production and the Company's preliminary economic assessment of the project and the Company has no plans to first complete a pre-feasibility or feasibility study on the project, as a result there is an increased risk of technical and economic failure for the Woxna graphite project; unexpected geological conditions; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; all phases of a mining business present environmental and safety risks and hazards and are subject to environmental and safety regulation, and rehabilitation and restitution costs; the Company does not maintain insurance against environmental risks; and management of the Company have experience in mineral exploration but may lack all or some of the necessary technical training and experience to successfully develop and operate a mine.
Although the Company believes that the expectations reflected in the Forward-Looking Statements, and the assumptions on which such Forward-Looking Statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on Forward-Looking Statements, as there can be no assurance that the plans, intentions or expectations upon which the Forward-Looking Statements are based will occur. Forward-Looking Statements herein are made as at the date hereof, and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these Forward-Looking Statements.
Cautionary Note to United States Readers Concerning Resource and Reserve Estimates:
This release has been prepared in accordance with the requirements of the securities laws in effect in Canada which differ in certain material respects from the disclosure requirements of United States securities laws.
The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum's (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM. These terms are not defined terms under the United States Securities and Exchange Commission (the "SEC") Industry Guide 7 ("SEC Industry Guide 7") under the Securities Act of 1933 and normally are not permitted to be used in reports and registration statements filed with the SEC.
Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into "reserves" (as defined in SEC Industry Guide 7). "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of an economic analysis, except a preliminary economic assessment provided certain additional disclosure requirements are met. Readers are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC Industry Guide 7 standards as in place tonnage and grade without reference to unit measures.
Accordingly, information contained in this presentation and any documents incorporated by reference herein containing descriptions of our mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

Contact Information

Thursday, November 14, 2013

Focus Graphite Announces Updated Economic Results of Its 2012 Preliminary Economic Assessment

Focus Graphite Inc.Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

November  2013


- IRR increases to 36.4% pre-tax and is 28.6% after-tax
- NPV $317 million pre-tax and $185 million after-tax on an 8% discounted cash flow basis
- Operating costs reduced by $367 per ton milled for purification costs to $68 per tonne milled
- Operating costs are now $458 per tonne of concentrate
- $28 million reduction in working capital associated to purification costs


OTTAWA, ONTARIO--(Marketwired - Nov. 7, 2013) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce the results of an updated positive Preliminary Economic Assessment ("PEA") for its Lac Knife Graphite Project ("Lac Knife" or "the Project"). The Lac Knife property is located about 27 kilometers south west of Fermont, Quebec. This update is based on improved metallurgical results of the recent Pilot Plant test campaign using an optimized flotation and polishing circuit conducted at SGS Lakefield and announced on August 21st, 2013.
The increase in concentrate grades and associated economic results were updated in the project cash flow summary and were validated by RPA Inc. in consultation with Soutex Inc. of Quebec City. Inputs updated in the financial model included: final concentrate average grade increase from 92% Ct to 96.6% Ct within the new flake size distribution categories, a reduction in operating cost by $367 per tonne milled, due to the elimination of the need to purify the concentrate by a third party and the associated $27,600,000 in working capital requirements. Pricing is based on "run-of mine" prices, without the value added price used in the original PEA financial model. The original report was filed on October 29th, 2012.
The Lac Knife project has a pre-tax internal rate of return ("IRR") of 36.4% (28.6% after tax) and a pre-tax net present value of $ 316.9 million ($185.3 million after tax) in the base case using a weighted average price of US$1866 per tonne of run-of-mine concentrates. The cost of production is $458 per tonne of concentrate.
Highlights are summarized below:
Pre Tax Value
($ millions)
After Tax Value
($ millions)
Net Present Value
8% discount rate 316.9 185.3
10% discount rate 250.1 143.3
12% discount rate 198.4 110.6
Capital Expenditure including a 25% contingency of $24m 125.95 125.95
Operating cost per tonne milled $67.61 $67.61
Operating cost per tonne ofconcentrate produced $458.20 $458.20
Pre-Tax IRR 36.4% 28.6%
Pre Tax Payback Period 2.4 years 2.8 years
Exchange rate US$1.00 = C$1.00 US$1.00 = C$1.00
Strip Ratio 1.12 1.12
Don Baxter, P.Eng, President and Chief Operating Officer, stated: "The recent Pilot Plant results are key to the potential economic viability of Lac Knife. The results show that all flake concentrate above 200 mesh can be produced at 98% Ct thereby eliminating the need to use third party purification proposed in our original PEA study. Within the graphite community, most operations produce lower-grade fines that are difficult to sell. Lac Knife holds the potential to open new markets to Focus for small flake technology-grade graphite products.
"The updated PEA indicates that Lac Knife shows positive economic potential based on current run of mine prices for markets that are here today," Mr. Baxter said.
Focus CEO Gary Economo said: "With the recent excellent metallurgical results from the Lac Knife Pilot Plant and, with the key variables updated in this announcement, our project has the potential to become one of the lowest-cost producers of graphite in the world. The feasibility study we have just initiated moves us closer to financing, securing off-take agreements, permitting and construction."
In tandem to the feasibility level design for the Lac Knife development, Focus continues its development of value-added products destined for technology markets. These products will include spherical graphite used for Li-ion batteries as well as expanded and micronized and purified graphite for use in powder metallurgy and composite materials. These products for technology-grade graphite applications can sell for prices averaging $10,000 per tonne. Focus' work in this area is ongoing and is showing promising results. Value-added products, their costs and their sale prices, were not included in the PEA update average pricing.
Operational Highlights:
  • Open pit mine life is 20 years, at 300,000 tonnes per year.
  • Life of mine production of 6.0 million tonnes (Mt) of mill feed at a grade of 15.66% graphitic carbon (Cgr), based on the initial Mineral Resource Estimate* disclosed on January 19, 2012
  • Processing includes crushing, grinding, flotation, magnetic separation, thickening and drying of run of mine to produce 44,300 tonnes of concentrate per annum (tpa), a reduction of 2,300 tonnes of concentrate is essentially due to the higher concentrate grade.
  • Sustaining capital average is $996,300 per year
  • Life of mine project production of 880,877 tonnes of concentrate at 96.6% Ct
Sensitivity Analysis Update:
Pre-Tax Sensitivity to Graphite Price
Product specifications $US/t conc NPV @10% NPV @8% IRR
-10% Downside scenario 1,679 $192,115 $247,502 30.9%
Updated Base Case 1,866 $250,112 $316,857 36.4%
+10% Upside scenario 2,053 $308,109 $386,213 41.7%
After-Tax Sensitivity to Graphite Price
Product specifications $US/t conc NPV @10% NPV @8% IRR
-10% Downside scenario 1,679 $109,087 $144,646 24.5%
Updated Base Case 1,866 $143,266 $185,305 28.6%
+10% Upside scenario 2,053 $176,939 $225,431 32.4%
A copy of the PEA report and the October 29th, 2012 PEA announcement are available on Focus Graphite's website www.focusgraphite.com.
The updated PEA pre-tax cash flow model is based on a constant 2012 dollar basis, with no provision for escalation. The prices used in the model do not include any potential of value added products the Company is currently developing.
* Note: This PEA is considered by RPA to meet the requirements of a Preliminary Economic Assessment as defined in Canadian NI 43-101 regulations. The economic analysis contained in the technical report is based, in part, on Inferred Resources, and is preliminary in nature. Inferred Resources are considered too geologically speculative to have mining and economic considerations applied to them and to be categorized as Mineral Reserves. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized.
This news release has been reviewed by Don Baxter, P.Eng, President and COO of the Company and a Qualified Person under National Instrument (NI) 43-101 guidelines.
About RPA:
RPA Inc. is a group of technical professionals who have provided advice to the mining industry for nearly 30 years. During this time, RPA has grown into a highly respected organization regarded as the specialty firm of choice for resource and reserve work. RPA provides services to the mining industry at all stages of project development from exploration and resource evaluation through scoping, prefeasibility and feasibility studies, financing, permitting, construction, operation, closure, and rehabilitation. Our portfolio of customers includes clients in banking (both debt and equity) institutional investors, government, major mining companies, exploration and development firms, law firms, individual investors, and private equity ventures.
About SGS Metallurgical Services (Lakefield)
SGS Canada Inc. ("SGS") is recognized as a world leader in the development of concentrator flowsheet design and pilot plant testing programs. SGS' Metallurgical Services division was founded over half a century ago. Its metallurgists, hydro-metallurgists and chemical engineers are experienced in all the major physical and chemical separation processes utilized in the recovery of metals and minerals contained in resource properties around the world.
The technical and economic information relating to the PEA contained in this press release has been reviewed and approved by Marc Lavigne, M.Sc., ing., Senior Mining Engineer for RPA, Pierre Roy, M.Sc., P.Eng., ing., Senior Metallurgist Specialist for Soutex, all independent qualified persons under NI 43-101.
The information pertaining to the metallurgical test program completed by SGS that is presented in this news release has been reviewed and approved by Mr. Oliver Peters, M.Sc., P.Eng, MBA, SGS Canada Inc. Consulting Metallurgist. Mr. Peters has extensive experience in the development of metallurgical processes and has managed the majority of the graphite testing programs conducted at SGS in recent years.
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Indicated Mineral Resource Estimate* of 4.9 million tons grading 15.8% graphitic carbon (Cgr) as crystalline graphite with an additional Inferred Mineral Resource Estimate* of 3.0 million tons grading 15.6% Cgr of crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Assessment ("PEA") of the Lac Knife Project which indicated that the project has a very good potential to become a graphite producer. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.
Forward Looking Statements - Disclaimer
This news release contains forward looking information within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes", or variations of such words or phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking Information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management.
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance upon forward-looking information. Forward-looking information is made as of the date of this news release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Contact Information


Focus Graphite Inc.
Mr. Don Baxter, P.Eng.
President and Chief Operating Officer
705-789-9706
dbaxter@focusgraphite.com
www.focusgraphite.com

Wednesday, November 13, 2013

Brigus reports 49% increase in Gold production output and 40% reduction in "all in" costs of production

Brigus Gold Reports Third Quarter Financial Results 

Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD) (TSX: BRD)
 today reported financial results for the third quarter ended September 30, 2013.

"Brigus delivered strong operating and financial results during quarter three. The Black Fox mine achieved record gold production while costs on a per ounce basis were at an all-time low, and lower than guidance.Moving forward, our top priorities continue to be safe production, cost management, and disciplined capital allocation," commented Wade Dawe, Brigus' Chairman and Chief Executive Officer. "I am proud of our team's operational performance and the fact that our workforce has worked over 1,400 days without a lost time incident."

Third Quarter 2013 Financial Highlights
-- Sold 28,344 ounces of gold, a 49% increase over Q3 2012
-- Cash costs of $617 and All in Sustaining Costs (AISC) of $992 per ounce of gold sold (40% reduction)
-- Made long-term debt repayments of $4.9 million
-- Revenue of $36.9 million, a 22% increase over Q3 2012
-- Adjusted cash flow from operations of $15.5 million, a 38% increase over Q3 2012
Third Quarter 2013 Operational Highlights
-- Produced 27,174 ounces of gold, a 39% increase over Q3 2012
-- Processed 207,559 tonnes of ore (2,256 tonnes per day) at 4.34 grams per tonne and a 94% recovery
-- Averaged 811 tonnes per day from underground at an average grade of 5.69 grams per tonne


During the third quarter of 2013, income from mining operations was $5.9 million. AISC per ounce for the third quarter was $992 per ounce, compared to $1,649 in the third quarter of 2012, a decline of $657 or 40%. Cash costs per ounce decreased by 15% from $728 per ounce in Q3 2012 to $617 per ounce in Q3 2013.
During the quarter the Company's cash balance increased to $21.1 million, compared to $20.9 million at the end of the previous quarter, while the balance sheet was strengthened as long term debt was reduced. Income from mining operations on a year-to-date basis totalled $18.8 million, an increase of $4.7 million compared to the same period in 2012.The increase relates to the 47% increase in ounces sold and an 11% decrease in cash costs, offset by a 10% decrease in the average realized gold price and 58% increase in depreciation and amortization expense. 

Total liabilities decreased by $23.7 million, from $188.7 million as of December 31, 2012, to $165.0 million as of September 30, 2013, and shareholders' equity increased from $232.6 million to $243.8 million year to date.
Cost management continues to be a key focus for the Company.The Company expects capital spending for mine development and other sustaining capital to total $38.5 million in 2013, down from the original estimate of $41.5 million in Q1 2013. The Company reviewed its long-term capital requirements and is forecasting total capital spending on mine development and sustaining capital of $20 - $25 million in 2014.
During the quarter, the Company announced an updated independent NI 43-101 resource estimate for the 147, Contact, and Grey Fox South zones. The resource estimate included a constraining pit shell which had not been included in the previous resource estimates.Highlights include a total of 507,400 indicated ounces (255,000 relating to the underground and 252,400 relating to the open pit) and 228,600 inferred ounces (184,800 relating to the underground and 43,800 relating to the open pit). The underground and open pit cut-off grades were set at 2.84 grams per tonne and 0.72 grams per tonne, respectively. The 147, Contact and Grey Fox South zones remain open for future expansion and drilling continues.
At Grey Fox, Brigus completed an additional 21,458 metres (46 drill holes) of drilling since the June 30th cut-off date and initiated additional metallurgical studies to increase gold recoveries from the 83 percent threshold, as previously reported. Initial results from the ongoing test work have been favourable. The Company is now planning to release a Preliminary Economic Assessment for Grey Fox during the second quarter of 2014.
Exploration Subsequent to quarter end, the Company released two high grade gold intersections from underground drilling at Black Fox. Hole 645-34-W assayed 18.09 grams per tonne gold over 37.80 metres, including 39.45 grams per tonne gold over 10.35 metres. This 37.80 metre mineralized intercept is from a drill interval of 316.9 to 354.7 metres, and remains open as the last sample at 354.7 metres graded 15.34 grams per tonne gold. Therefore, the full thickness of this high grade intercept is unknown at this time. Hole 645-34-W intersected high grade mineralization 30 metres to the west of hole 645-01-W, which assayed 40.71 grams per tonne gold over 26.75 metres, including 103.20 grams per tonne gold over 8.35 metres.In light of these positive exploration results, we have recommenced underground exploration drilling at Black Fox. 12 to 15 holes are planned and will target this new high grade zone.
Third Quarter Webcast and Conference Call A webcast and conference call will be held on Wednesday, November 13th at noon Atlantic Time (11:00 a.m. Eastern Time).
Analysts and other interested parties wanting to participate in the call should dial 1-877-407-8133 (international 201-689-8040) at least 10 minutes prior to the start of the call. No pass code is required. The teleconference will be recorded. If you are unable to join the teleconference live, you can dial for playback, toll-free at 1-877-660-6853 (international 201-612-7415), please use conference ID 100499. The event will be archived and available for replay until midnight on November 27, 2013. The teleconference will also be accompanied by a presentation made available on the Company's website at www.brigusgold.com.
This release should be read in conjunction with Brigus' 2013 third quarter Financial Statements and Management's Discussion and Analysis report at www.brigusgold.com. Brigus' unaudited 2013 third quarter Financial Statements and Management's Discussion and Analysis have been filed with Canadian securities regulators (available at www.sedar.com) and with the U.S Securities and Exchange Commission (available at www.sec.gov). Brigus shareholders may obtain a copy of the financial documents free of charge upon request to the Company.
About Brigus Gold Brigus is a growing 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 and adjoining properties in the Township of Black River‐Matheson, Ontario, Canada. Brigus also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.
Cautionary Note to U.S. Investors Concerning Estimates of Mineral Resources This news release uses the term mineral "resources". The Company advises U.S. investors that while these terms are defined in and required by Canadian regulations, these terms are not defined terms under the U.S. Securities and Exchange Commission ("SEC") Industry Guide 7 and are generally not permitted to be used in reports and registration statements filed with the SEC. The SEC generally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in‐place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.
Cautionary and Forward‐Looking Statements Statements contained in this news release, which are not historical facts, are forward‐looking statements that involve risks, 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 ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; estimated average gold grades for the open pit and underground operations; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward‐looking statements and estimates that involve various risks and uncertainties. This forward‐ looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, the issue of permits, the size and quality of the Company's mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.
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' 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 40F filed with the United States Securities and Exchange Commission at www.sec.gov as well as elsewhere in Brigus' documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex Equities, 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.

Monday, November 4, 2013

San Gold Announces High Grade Drill Results at Depth, Nov 4th 2013

San Gold CorporationSan Gold Corporation

TSX : SGR
OTCQX : SGRCF




November 04, 2013 08:00 ET



WINNIPEG, MANITOBA--(Marketwired - Nov. 4, 2013) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today provided updated drilling results from its underground drilling program on 26 Level of the Rice Lake Mine.

Initial results, obtained from the newly established 6140 drill station located approximately 1,170 metres below surface at the eastern extent of the 710 zone, demonstrate robust grades and widths that are accessible from new 26 level development. These zones are located immediately to the hanging wall of the 710 zone and appear to be part of the 007 system at depth. Highlights of this drilling include drill hole 614-13-010 which returned 45.3 g/tonne over 6.1 metres and drill hole 614-13-009 which returned 14.7 g/tonne over 4.1 metres.

The 6140 drill station was established earlier this year in closer proximity to the 710 HW region to follow up on drill hole 613-13-039 which returned 22.5 g/tonne over 4.2 metres and 15.7 g/tonne over 4.1 metres (reported April 24, 2013) and drill hole 607-12-048 which returned 15.1 g/tonne over 11.1 metres (reported November 26, 2012). The Company is planning additional drilling this year to follow up on these results.
"The high-grade region identified in the 710 vein hanging wall represents another important zone discovered as a result of ongoing exploration of the Shoreline Basalt Unit at depth. These results have been obtained within 100 metres of existing infrastructure and can be developed rapidly and with minimal capital expenditure," said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.
Highlights of the preliminary drilling from the 6140 drill station are as follows:
Hole Number Zone From
(m)
To
(m)
Core
(m)
Grade(gpt) Depth
(m)
614-13-009 710 HW 72.2 73.6 1.5 9.5 1173
710 HW 98.6 102.7 4.1 14.7 1173
614-13-010 710 HW 19.2 21.3 2.1 12.8 1172
Including 19.5 20.1 0.6 37.0
710 HW 51.1 57.3 6.1 45.3 1172
Including 52.1 53.6 1.5 99.1
Assay values are capped at 102.8 g/tonne (3 oz per ton).
The 710 HW zone is located at the eastern extent of known mineralization at 26 Level of the Rice Lake mine and remains open to the east and northeast. It was identified as part of the Company's ongoing structural analysis to refine the Company's exploration model. This analysis has already yielded numerous new targets within lesser known, near-surface structures (reported September 26, 2013).
Figure 1 provides a graphic illustration showing a plan view of the 710 HW drilling. It can be found here: http://media3.marketwire.com/docs/908847fig1.pdf
Figure 2 provides a graphic illustration showing a section view of the 710 HW drilling. It can be found here: http://media3.marketwire.com/docs/908847fig2.pdf
These figures can also be found on the Company web site (www.sangold.ca) and on SEDAR (www.sedar.com).
This program was carried out by San Gold mine geologists under the supervision of Michael Michaud, P.Geo., the Qualified Person for San Gold under National Instrument 43-101 who has reviewed and approved this news release. Underground drill core samples are assayed on site in the Company's assay lab using the fire assay method with an AA and gravimetric finish. San Gold's quality control and assurance program includes the insertion of standards, the retention of pulps and rejects, and spot checks utilizing independent labs including Accurassay Laboratories of Thunder Bay, ON and Acme Analytical Laboratories Ltd in Winnipeg, MB.
About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba. The Company employs more than 420 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit www.sangold.ca.
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking 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 the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information


San Gold Corporation
Ian Berzins
President, CEO, and Chief Operating Officer
Toll Free: 1 (855) 585-4653
sgr@sangold.ca

San Gold Corporation
Tim Friesen
Investor Relations
Toll Free: 1 (855) 585-4653
sgr@sangold.ca
www.sangold.ca

Friday, November 1, 2013

Brigus digging up more gold at Black Fox Mine

Brigus Drills 18.09 gpt Gold Over 37.80 Metres & Announces Underground Exploration Program at Black Fox 
 Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD) is pleased to report a second high grade gold intersection from underground drilling at Black Fox. Hole 645-34-W assayed 18.09 grams per tonne gold over 37.80 metres, including 39.45 grams per tonne gold over 10.35 metres.

 This 37.80 metre mineralized intercept is from a drill interval of 316.9 to 354.7 metres, and remains open as the last sample at 354.7 metres graded 15.34 grams per tonne gold. Therefore, the full thickness of this high grade intercept is unknown at this time. Hole 645-34-W intersected high grade mineralization 30 metres to the west of hole 645-01-W, which assayed 40.71 grams per tonne gold over 26.75 metres, including 103.20 grams per tonne gold over 8.35 metres. 

In light of these positive results, exploration drilling at the Black Fox mine has recommenced and a third drill hole is now in progress. This phase of exploration will consist of 12 to 15 additional holes to be drilled from underground to further test and define the new zone.

"This thick, high grade gold intersection directly below current mining operations confirms the potential to expand our orebody and add significant ounces to the underground mine at Black Fox," said Wade Dawe, Brigus' Chairman and CEO. "Accordingly, we have increased our 2013 exploration budget and recommenced drilling to further test this zone and we look forward to reporting additional results in the coming weeks. Adding new high-quality gold ounces through exploration is the most direct way of increasing value for our shareholders." 

Orebodies in the region, along the Destor Porcupine Fault, often extend to depths of more than 1,000 metres. The Black Fox orebody remains open for expansion both laterally and at depth.
Highlights from Black Fox drilling:
 ____________________________________________________________________
|Hole Number| From |   To |Core Width|Gold Assay |*Gold Assay| Metal |
|           |      |      |          |  (Uncut)  |   (Cut)   |Factor |
|           |      |      |          |           |           |(Uncut)|
|___________|______|______|__________|___________|___________|_______|
|           |  (m) |  (m) |     (m)  |grams/tonne|grams/tonne|grams x|
|           |      |      |          |           |           | width |
|___________|______|______|__________|___________|___________|_______|
|645-34-W   |316.90|354.70|   37.80  |    18.09  |    18.09  |   684 |
|___________|______|______|__________|___________|___________|_______|
|including  |329.45|339.80|   10.35  |    39.45  |    39.45  |   408 |
|___________|______|______|__________|___________|___________|_______|
|645-01-W(  |339.65|366.40|   26.75  |    40.71  |    25.99  |  1089 |
|(1))       |      |      |          |           |           |       |
|___________|______|______|__________|___________|___________|_______|
|including  |339.65|348.00|    8.35  |   103.20  |    66.30  |   862 |
|___________|______|______|__________|___________|___________|_______|



*All high grade assays capped at 300.00g/t. (1) Reported in 16(th)October 2013 Press Release
A Black Fox longitudinal section is shown in Appendix 1.
Underground drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Accurassy Labs of Thunderbay, Ontario, which is ISO 17025 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 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 and adjoining properties in the Township of Black River‐Matheson, Ontario, Canada. Brigus also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.
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 2013 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.
SOURCE Brigus Gold Corp.
Image with caption: "Appendix 1: Black Fox longitudinal section (CNW Group/Brigus Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20131031_C9151_PHOTO_EN_32800.jpg
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/October2013/31/c9151.html
SOURCE: Brigus Gold Corp.
Investor Relations Contact Information Morgan Tyghe Director of Investor Relations
(416) 214-9867 mtyghe@brigusgold.com www.brigusgold.com