Brigus Gold Intersects High Grades at 147 Zone
Brigus Gold Corp. ('Brigus? or the 'Company?) (NYSE Amex: BRD; TSX: BRD)
reports that results from its ongoing drilling program at the 147 Zone
on its Grey Fox property in the Gold District of Timmins, Ontario,
Canada, include high grade intercepts of 14 grams per tonne over 35
metres and 4.7 grams over 29 metres.
Brigus Senior Vice President Exploration Howard Bird said, 'These
impressive drill hole intercepts are among the best returned from the
147 Zone. These results extend the ore body to a true vertical depth of
300 metres below surface and most importantly the zone remains open for
further expansion.?
Highlights from the 147 Zone drill holes reported today (all assays
capped at 100 gpt gold, average gold grades over core length widths)
include:
Hole Number | ? | From (m) | ? | To (m) | ? | Core Length (m) | ? | Gold Assay (gpt) | ? | Grams X Width |
GF12-485 | 186.50 | 190.30 | 3.80 | 5.00 | 19 | |||||
? | 226.00 | 261.00 | 35.00 | 3.79 | 133 | |||||
including | 249.30 | 261.00 | 11.70 | 6.98 | 82 | |||||
GF12-491 | 196.00 | 244.00 | 48.00 | 3.37 | 162 | |||||
GF12-506 | 186.00 | 224.00 | 38.00 | 2.40 | 91 | |||||
including | 189.80 | 195.00 | 5.20 | 6.83 | 36 | |||||
GF12-587 | 246.00 | 267.00 | 21.00 | 6.00 | 126 | |||||
including | 258.00 | 265.00 | 7.00 | 11.62 | 81 | |||||
GF12-626 | 203.00 | 270.20 | 67.20 | 3.40 | 228 | |||||
? | 300.90 | 320.00 | 19.10 | 1.26 | 24 | |||||
? | 328.00 | 357.40 | 29.40 | 4.68 | 138 | |||||
including | 330.00 | 332.00 | 2.00 | 13.73 | 27 | |||||
including | 350.00 | 357.40 | 7.40 | 11.31 | 84 | |||||
GF12-646 | 201.40 | 204.40 | 3.00 | 7.89 | 24 | |||||
? | 343.00 | 378.00 | 35.00 | 13.97 | 489 | |||||
including | 367.00 | 375.00 | 8.00 | 47.28 | 378 | |||||
? | 384.00 | 404.80 | 20.80 | 1.58 | 33 | |||||
including | 402.00 | 404.80 | 2.80 | 6.66 | 19 |
These drill holes will add to the September 2012 resource estimate of
480,850 Indicated ounces and 91,061 Inferred ounces for the 147 and
Contact zones. Approximately 84 percent of the drill data used to
compile the September 2012 resource estimate was within 200m of surface
demonstrating excellent open pit mining potential.
In 2013 Brigus will extend and expand both the 147 and Contact zones
through systematic drilling below the 200m level and along strike. Bird
said, 'Today′s results further demonstrate the excellent potential for
significant resource additions.?
The 147, Contact and Grey Fox South zones are located on the Company′s
Grey Fox property on the southern portion of the Black Fox Complex.
Planning is underway to develop this property into the Company′s next
mine. A full feasibility study on the Grey Fox property will be released
during the second half of 2013. Brigus plans to commence production in
early 2015.
To view lists details of the most recent 147 Zone drill holes, the 147
Zone drill-hole location map and three-dimensional models of the gold
results, please visit the company′s website at www.brigusgold.com.
Norex Drilling conducted surface drilling, supervised by the Brigus
exploration team. All sample analyses reported here were performed using
standard fire assay procedures by Polymet Labs of Cobalt, Ontario, which
is ISO 9001:2000 certified in North America. 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.
Kate Wood
Manager, Investor Relations
(902)
442-7184
kwood@brigusgold.com