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High Grade Drilling Results to Expand the Resource at Grey Fox

18.03.2013  |  Business Wire


Brigus Gold Corp. ('Brigus? or the 'Company?) (NYSE MKT: BRD; TSX: BRD)
is pleased to report additional drilling results from its ongoing drill
program at the 147 Zone, including high grade gold intercepts of 8.7
grams per tonne over 21 metres and 6.2 grams per tonne over 25 metres.


'It is clear that the Grey Fox resource is more significant than
initially reported,? said Howard Bird, Brigus′ Senior Vice President of
Exploration. 'These high grade drill results are located outside of our
current resource estimate and will expand the gold resource on the Grey
Fox property.?


Next quarter, the Company plans to release an updated NI 43-101 resource
estimate on the Grey Fox property followed by a full feasibility study
in Q3 2013.

Highlights from the 147 Zone which remains open for expansion:

Hole Number
 ?

 ?

 ?

From

(m)


 ?

 ?

 ?

To

(m)


 ?

 ?

 ?

Core Length

(m)


 ?

 ?

 ?

Gold Grade

grams/tonne


 ?

 ?

 ?
Grams X Width

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?

 ?
Open Pit Potential
GF12-510
 ?

 ?

 ?

149.30

 ?

 ?

 ?

163.00

 ?

 ?

 ?

13.70

 ?

 ?

 ?

1.98

 ?

 ?

 ?

27
GF12-514
 ?

 ?

 ?

168.00

 ?

 ?

 ?

195.25

 ?

 ?

 ?

27.25

 ?

 ?

 ?

2.97

 ?

 ?

 ?

81

including

 ?

 ?

 ?

168.00

 ?

 ?

 ?

173.00

 ?

 ?

 ?

5.00

 ?

 ?

 ?

11.88

 ?

 ?

 ?

59
GF12-527
 ?

 ?

 ?

138.00

 ?

 ?

 ?

148.00

 ?

 ?

 ?

10.00

 ?

 ?

 ?

1.77

 ?

 ?

 ?

18
GF12-533
 ?

 ?

 ?

167.00

 ?

 ?

 ?

175.00

 ?

 ?

 ?

8.00

 ?

 ?

 ?

2.92

 ?

 ?

 ?

23

 ?

 ?

 ?

 ?

190.00

 ?

 ?

 ?

211.00

 ?

 ?

 ?

21.00

 ?

 ?

 ?

8.72

 ?

 ?

 ?

183
Underground Potential
GF12-566
 ?

 ?

 ?

218.30

 ?

 ?

 ?

223.00

 ?

 ?

 ?

4.70

 ?

 ?

 ?

12.42

 ?

 ?

 ?

58
GF12-574
 ?

 ?

 ?

203.00

 ?

 ?

 ?

211.80

 ?

 ?

 ?

8.80

 ?

 ?

 ?

2.25

 ?

 ?

 ?

20

 ?

 ?

 ?

 ?

265.00

 ?

 ?

 ?

290.00

 ?

 ?

 ?

25.00

 ?

 ?

 ?

6.17

 ?

 ?

 ?

154
GF12-575
 ?

 ?

 ?

279.00

 ?

 ?

 ?

294.00

 ?

 ?

 ?

15.00

 ?

 ?

 ?

6.48

 ?

 ?

 ?

97
GF12-639
 ?

 ?

 ?

434.00

 ?

 ?

 ?

445.00

 ?

 ?

 ?

11.00

 ?

 ?

 ?

5.35

 ?

 ?

 ?

59

All assays are capped at 100 gpt gold, average gold grades over core
length widths.


'Currently we have four drill rigs turning on the 147 Zone and one rig
on the Contact Zone,? said Bird. 'Drill results are demonstrating
excellent potential for both an open pit and underground mine on the
Grey Fox property.?


Brigus′ 2013 Grey Fox drilling program is designed to extend and expand
both the 147 and Contact zones through systematic drilling along strike
and below the 200m level. Recent drilling results from below the 200m
level prove strong continuity in the down-dip especially with hole
GF12-639 intersecting 5.35 grams per tonne gold over 11 metres at a
vertical depth of 380 metres below surface.


Details of the most recent 147 Zone drill holes, the 147 Zone drill-hole
location map and a long section 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 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, 902-442-7184

Manager, Investor
Relations

kwood@brigusgold.com



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