Brigus Reports Additional High-Grade Gold Assays
![Brigus Reports Additional High-Grade Gold Assays](https://www.goldseiten.de/media/goldseiten-news.jpg)
Brigus Gold Corp. ('Brigus? or the 'Company?) (NYSE Amex: BRD)(TSX: BRD)
is pleased to announce that exploration drilling on the southern portion
of the Black Fox Complex continues to return high-grade gold assays from
the Contact Zone ('Contact Zone?) as well as an intersection of
ore-grade gold mineralization, hole GF11-337, in a new area of the Black
Fox Complex.
Highlights from recent drilling at the Contact Zone include (all uncut,
average gold grades over core length widths):
Hole Number | ? | Core Width (m) | ? | Gold Assay (gpt) |
GF11-238 | ? | 11.32 | ? | 3.54 |
including | ? | 3.00 | ? | 7.15 |
and | ? | 1.00 | ? | 7.75 |
GF11-241 | ? | 4.55 | ? | 2.91 |
? | ? | 3.20 | ? | 10.65 |
? | ? | 1.80 | ? | 18.29 |
? | ? | 7.50 | ? | 7.19 |
GF11-243 | ? | 6.00 | ? | 2.95 |
including | ? | 3.00 | ? | 5.23 |
GF11-265 | ? | 2.00 | ? | 36.45 |
including | ? | 1.00 | ? | 69.19 |
? | ? | 16.00 | ? | 4.25 |
including | ? | 3.00 | ? | 12.21 |
GF11-259 | ? | 12.00 | ? | 3.31 |
including | ? | 4.00 | ? | 5.85 |
and | ? | 3.00 | ? | 4.02 |
GF11-261 | ? | 2.30 | ? | 20.55 |
GF11-264 | ? | 0.50 | ? | 46.36 |
? | ? | 8.20 | ? | 4.53 |
including | ? | 3.00 | ? | 8.60 |
GF11-316 | ? | 14.00 | ? | 1.87 |
? | ? | 72.90 | ? | 1.77 |
including | ? | 18.00 | ? | 3.54 |
? | ? |
The ore-grade gold mineralization discovered in Hole GF11-337 was the
result of drill testing underneath a distinct linear topographic low
structure. This is the only hole that drill results have been received
on to date. Further drill testing in this area will continue early in
December. The mineralized intercept is highly brecciated with abundant
quartz veins and fine grained pyrite hosted in mafic volcanics. This
hole is located approximately 200 metres ('m?) to the north of the
Contact Zone.
Hole Number | ? | Core Width (m) | ? | Gold Assay (gpt) |
GF11-337 | ? | 9.00 | ? | 3.59 |
including | ? | 1.00 | ? | 10.63 |
and | ? | 1.00 | ? | 6.86 |
? | ? |
'We are encouraged by the ongoing positive drill results on the southern
portion of the Black Fox Complex. Both the 147 and Contact Zones
continue to return excellent gold assays,? said Howard Bird, Brigus VP
Exploration. 'We are also excited about the discovery of a potential new
zone. Until now, there has only been limited historical exploration
drilling between the Contact Zone and the Black Fox Mine. This four
kilometre stretch has significant exploration potential.?
The Black Fox Complex covers an area of approximately 18 square
kilometres within the Timmins Mining District, Ontario. The Contact Zone
consists of a steeply dipping gold mineralized fault contact between the
north-south trending metasediments and mafic volcanic rocks, and other
parallel hanging wall and footwall gold mineralized zones. The general
dip of the feature is 78 degrees to the east. To date, Brigus has
outlined an area of mineralization approximately 400 m in strike length
at the Contact Zone that remains open along strike to the north and open
at depth.
Twelve high-priority drill targets and 14 secondary targets have been
identified through a 2010 Titan 24 deep induced polarization geophysical
and magnetotelluric survey over the Black Fox Complex. Only one of these
targets has been drilled to date. Additional drilling of these targets
will be included as part of our exploration program going forward.
Drilling at the Black Fox Complex is progressing as planned to complete
an initial NI 43-101 compliant resource estimate to be released in
December on the 147 Zone and the Contact Zone with five drill rigs
operating. Two drill rigs are infill drilling and testing along strike
and down-dip on the Contact Zone, two drill rigs are expanding the 147
Zone, and one drill rig is focused on testing other known gold bearing
structures, as well as, new potential gold bearing targets defined from
the recent induced polarization and magnetic geophysical surveys.
Details of the most recent Contact Zone drill holes are posted 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
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, all
in the Township of Black River - Matheson, Ontario, Canada. Brigus is
also advancing its Goldfields Project located near Uranium City,
Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In
Mexico, Brigus has entered a transaction to sell 75% of its Ixhuatan
silver-gold projected 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 contained in this news release that 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 ability of the Company to achieve targeted gold
production at its Black Fox Mine, including underground production, and
cash costs, mill expansion results, meet capital construction schedules
and costs, and the continuation of a rising gold price are
forward-looking statements and estimates that involve various risks and
uncertainties. This forward-looking information includes, or may be
based upon, estimates, forecasts, and statements as to management's
expectations with respect to, among other things, 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
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
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.
Brigus Gold Corp.
Jennifer Nicholson, CA
Vice President
Investor Relations
902-422-1421
jnicholson@brigusgold.com
or
Katherine
Burgess
Manager Stakeholder Relations
902-422-1421
kburgess@brigusgold.com