Brigus Gold Reports 11.68 GPT Gold Over 26.0 Meters from 147 Zone
Brigus Gold Corp. ('Brigus? or the 'Company?) (NYSE MKT: BRD; TSX: BRD)
is pleased to announce that exploration in-fill drilling on the southern
portion of the Black Fox Complex 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 uncut, average gold grades over core length
widths):
| Hole Number | ? | From | ? | To | ? | Core Width | ? | Gold Assay | |
? | (m) | (m) | (m) | grams per tonne | |||||
GF11-328 | 142.00 | 154.00 | 12.00 | 6.28 | |||||
including | 148.00 | 149.00 | 1.00 | 51.91 | |||||
? | 165.00 | 169.00 | 4.00 | 6.74 | |||||
? | 195.00 | 202.00 | 7.00 | 5.71 | |||||
including | 201.00 | 202.00 | 1.00 | 25.27 | |||||
GF11-329 | 304.00 | 335.00 | 31.00 | 3.20 | |||||
including | 325.00 | 330.70 | 5.70 | 9.93 | |||||
GF11-378 | 304.50 | 315.70 | 12.20 | 5.82 | |||||
including | 305.00 | 306.00 | 1.00 | 36.55 | |||||
and | 309.00 | 310.00 | 1.00 | 26.54 | |||||
GF12-457 | 95.00 | 111.00 | 16.00 | 3.14 | |||||
? | 124.00 | 145.00 | 21.00 | 7.12 | |||||
including | 124.00 | 125.00 | 1.00 | 97.10 | |||||
and | 133.00 | 135.00 | 2.00 | 16.13 | |||||
GF12-469 | 63.00 | 89.00 | 26.00 | 11.68 | |||||
including | 73.00 | 77.00 | 4.00 | 57.28 | |||||
GF12-521 | 73.00 | 102.75 | 29.75 | 6.78 | |||||
including | 80.50 | 101.75 | 21.25 | 9.12 | |||||
and | 97.80 | 101.75 | 3.95 | 28.05 | |||||
GF12-525 | 98.00 | 126.20 | 28.20 | 7.80 | |||||
including | 100.00 | 101.00 | 1.00 | 30.40 | |||||
and | 106.00 | 107.00 | 1.00 | 30.70 | |||||
and | 114.00 | 122.00 | 8.00 | 16.78 | |||||
including | 118.00 | 119.00 | 1.00 | 66.20 |
The initial resource estimate for the 147 and Contact zones, as released
in December 2011, added more than 50 percent to the gold resource at the
Black Fox Complex. An updated resource estimate will be released later
in 2012.
These zones provide Brigus with near term production growth
opportunities because of their proximity to the Black Fox Mine
infrastructure.
The Black Fox Complex covers an area of approximately 18 square
kilometres within the Timmins Mining District, Ontario. The core area of
the 147 Zone extends for approximately 250 m in a north-south direction
dipping at approximately 80 degrees to the east. Gold mineralization
primarily occurs within multiple quartz carbonate brecciated zones
within bleached units of variolitic mafic volcanics and other parallel
footwall zones.
Details of the most recent 147 Zone drill holes and the 147 Zone
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 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, 902-422-1421
Executive
Vice President
jnicholson@brigusgold.com
or
Katherine
Burgess, 902-422-1421
Manager, Stakeholder Relations
kburgess@brigusgold.com
