Brigus Reports 26.83 Grams Per Tonne Gold over 15.50 Metres at the Contact Zone on the Black Fox Complex
![Brigus Reports 26.83 Grams Per Tonne Gold over 15.50 Metres at the Contact Zone on the Black Fox Complex](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?).
Highlights from drilling at the Contact Zone include (all uncut, average
gold grades over core length widths):
? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | |||||
Hole Number | ? | ? | ? | From (m) | ? | ? | ? | To (m) | ? | ? | ? | Core Width (m) | ? | ? | ? | Gold Assay grams/tonne |
GF11-289 | ? | ? | ? | 77.50 | ? | ? | ? | 92.50 | ? | ? | ? | 15.00 | ? | ? | ? | 3.17 |
including | ? | ? | ? | 80.50 | ? | ? | ? | 83.50 | ? | ? | ? | 3.00 | ? | ? | ? | 8.37 |
? | ? | ? | ? | 134.65 | ? | ? | ? | 150.65 | ? | ? | ? | 16.00 | ? | ? | ? | 1.91 |
GF11-302 | ? | ? | ? | 49.85 | ? | ? | ? | 79.30 | ? | ? | ? | 29.45 | ? | ? | ? | 1.66 |
including | ? | ? | ? | 52.85 | ? | ? | ? | 55.85 | ? | ? | ? | 3.00 | ? | ? | ? | 6.65 |
and | ? | ? | ? | 62.85 | ? | ? | ? | 65.30 | ? | ? | ? | 2.45 | ? | ? | ? | 4.04 |
? | ? | ? | ? | 134.00 | ? | ? | ? | 144.00 | ? | ? | ? | 10.00 | ? | ? | ? | 3.83 |
including | ? | ? | ? | 141.00 | ? | ? | ? | 143.00 | ? | ? | ? | 2.00 | ? | ? | ? | 9.91 |
? | ? | ? | ? | 168.30 | ? | ? | ? | 182.60 | ? | ? | ? | 14.30 | ? | ? | ? | 2.26 |
including | ? | ? | ? | 168.30 | ? | ? | ? | 172.62 | ? | ? | ? | 4.32 | ? | ? | ? | 4.70 |
and | ? | ? | ? | 180.60 | ? | ? | ? | 182.60 | ? | ? | ? | 2.00 | ? | ? | ? | 4.83 |
GF11-307 | ? | ? | ? | 155.00 | ? | ? | ? | 172.00 | ? | ? | ? | 17.00 | ? | ? | ? | 3.88 |
including | ? | ? | ? | 155.00 | ? | ? | ? | 164.60 | ? | ? | ? | 9.60 | ? | ? | ? | 6.11 |
GF11-319 | ? | ? | ? | 139.15 | ? | ? | ? | 148.60 | ? | ? | ? | 9.45 | ? | ? | ? | 5.59 |
including | ? | ? | ? | 139.15 | ? | ? | ? | 143.00 | ? | ? | ? | 3.85 | ? | ? | ? | 8.43 |
GF11-326 | ? | ? | ? | 129.50 | ? | ? | ? | 145.00 | ? | ? | ? | 15.50 | ? | ? | ? | 26.83 |
including | ? | ? | ? | 134.00 | ? | ? | ? | 145.00 | ? | ? | ? | 11.00 | ? | ? | ? | 36.87 |
and | ? | ? | ? | 135.00 | ? | ? | ? | 136.60 | ? | ? | ? | 1.60 | ? | ? | ? | 168.88 |
GF112-481 | ? | ? | ? | 69.55 | ? | ? | ? | 92.00 | ? | ? | ? | 22.45 | ? | ? | ? | 4.08 |
including | ? | ? | ? | 69.55 | ? | ? | ? | 70.55 | ? | ? | ? | 1.00 | ? | ? | ? | 27.90 |
and | ? | ? | ? | 77.85 | ? | ? | ? | 78.85 | ? | ? | ? | 1.00 | ? | ? | ? | 19.90 |
? |
'We are delighted with the continued high-grade drill results from the
Contact Zone,? said Howard Bird, Brigus′ Vice President of Exploration.
'Recent drilling has intersected the zone over wider than expected
widths in some areas and the drill program continues to successfully
convert Inferred ounces to Indicated ounces.?
The Black Fox Complex covers an area of approximately 18 square
kilometres within the Timmins Mining District, Ontario. To date, the
Company has systematically explored 25 percent of the property and
significant upside potential remains on the property. 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. Brigus has outlined an
area of mineralization approximately 450 m in strike length at the
Contact Zone that remains open along strike to the north and open at
depth.
The initial resource estimate for the Contact and 147 zones, as released
in December 2011, added more than 50 percent to the gold resource at the
Black Fox Complex. Exploration drilling at the Black Fox Complex is
progressing as planned with four drill rigs and an updated resource
estimate on the Contact and 147 zones will be released in 2012.
The Contact and 147 zones provide Brigus with near term production
growth opportunities because of their proximity to the Black Fox mine
infrastructure.
Details of the most recent analytical results over 1 gpt gold from the
Contact Zone drill holes are listed 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 in
the Township of Black River-Matheson, Ontario, Canada. Brigus is also
advancing the Goldfields Project located near Uranium City,
Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In
Mexico, Brigus has granted Cangold Limited the option to acquire a 75%
interest in the Company′s 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.
Brigus Gold Corp.
Jennifer Nicholson, CA, 902-442-7186
Executive
Vice President
jnicholson@brigusgold.com
or
Katherine
Burgess, 902-442-7184
Manager, Stakeholder Relations
kburgess@brigusgold.com