Brigus Reports High Grade Drilling Results at the 147 Zone
19.06.2013 | Business Wire
HALIFAX, Nova Scotia -- (BUSINESS WIRE) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD; TSX: BRD) reports additional drilling results from its ongoing drill program at the 147 Zone on the Grey Fox project. These results will be included in an updated NI 43-101 resource estimate on the Grey Fox property that will be released this month.“These deep, high grade drill results substantiate the strong down-plunge continuity of the 147 Zone and continue to confirm the potential for future underground development at Grey Fox,” said Howard Bird, Brigus’ Senior Vice President of Exploration. “The 147, Contact and Grey Fox South zones all remain open for further expansion and three drill rigs will continue to systematically test these targets throughout the year.”
Highlights from the 147 Zone which remains open for expansion:
Hole From To Core Width Gold Assay Metal Factor
Number (m) (m) (m) grams/tonne Grams X Width
GF13-712 249.00 252.00 3.00 7.65 23
GF13-717 241.00 252.00 11.00 2.50 28
353.50 365.75 12.25 5.21 64
GF13-728 264.00 278.00 14.00 28.54* 400
293.00 313.00 20.00 3.65 73
GF13-730 363.20 393.00 29.80 1.78 53
including 363.20 366.00 2.80 6.98 20
and 380.00 393.00 13.00 2.55 33
422.00 426.00 4.00 5.33 21
GF13-733 233.00 235.10 2.10 13.46 28
GF13-734 276.00 292.00 16.00 8.06 129
GF13-736 236.00 283.00 47.00 4.97 234
including 236.00 246.00 10.00 10.10 101
and 261.00 279.00 18.00 6.43 116
GF13-741 344.15 347.30 3.15 19.39 61
GF13-742 172.80 179.00 6.20 10.68 66
GF13-743 241.65 245.00 3.35 39.56 133
GF13-750 252.00 275.00 23.00 3.58 82
GF13-751 349.00 361.00 12.00 3.23 39
including 349.00 353.00 4.00 8.19 33
GF13-754 373.00 380.00 7.00 10.15 71
All assays are capped at 100 gpt gold, average gold grades over core length widths.
*Previously Reported Assay
The 147, Contact and Grey Fox South Zone all occur within close proximity of each other and provide Brigus with near term production growth opportunities because of their proximity to the Black Fox Mine infrastructure.
Details of the most recent 147 Zone drill holes are listed in Appendix 1, the 147 Zone drill-hole location map is included in Appendix 2 and a long section map can be found in Appendix 3. All drill hole data is 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 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 also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.
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.
Appendix 1:
Most recent drill hole assay results at the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):
Hole From To Core Width Gold Assay Metal Factor
Number (m) (m) (m) grams/tonne Grams X Width
GF13-687 281.00 286.00 5.00 1.48 7
GF13-689 166.90 167.90 1.00 10.97 11
200.00 200.80 0.80 3.98 3
353.80 354.80 1.00 1.65 2
404.00 405.00 1.00 2.26 2
427.00 428.00 1.00 2.33 2
446.20 450.00 3.80 1.86 7
585.00 587.00 2.00 5.69 11
GF13-695 221.00 222.00 1.00 4.94 5
289.00 290.00 1.00 1.30 1
318.00 319.00 1.00 4.05 4
338.60 339.20 0.60 3.09 2
364.00 365.00 1.00 17.81 18
377.00 383.00 6.00 3.70 22
GF13-703 143.00 145.00 2.00 3.33 7
164.00 165.00 1.00 2.40 2
439.00 454.00 15.00 1.06 16
GF13-706 68.00 70.00 2.00 6.96 14
127.70 128.70 1.00 3.70 4
149.65 152.65 3.00 2.56 8
167.00 168.00 1.00 16.42 16
245.00 246.00 1.00 100.00 100
277.45 280.45 3.00 2.79 8
GF13-712 249.00 252.00 3.00 7.65 23
291.00 292.00 1.00 4.39 4
GF13-717 185.00 186.00 1.00 2.26 2
241.00 252.00 11.00 2.50 28
including 251.00 252.00 1.00 17.37 17
330.30 335.85 5.55 2.31 13
343.00 344.00 1.00 2.03 2
353.50 365.75 12.25 5.21 64
including 353.50 357.50 4.00 12.31 49
396.70 402.00 5.30 3.00 16
521.70 522.70 1.00 1.65 2
GF13-721 300.45 305.00 4.55 1.05 5
362.50 363.05 0.55 2.13 1
460.00 466.00 6.00 1.22 7
GF13-723 233.00 238.15 5.15 3.86 20
247.00 248.00 1.00 1.44 1
252.00 253.00 1.00 1.51 2
297.50 301.50 4.00 2.25 9
GF13-728 207.00 220.00 13.00 1.33 17
including 207.00 210.00 3.00 3.77 11
242.00 243.00 1.00 1.37 1
251.00 252.00 1.00 1.58* 2
264.00 278.00 14.00 28.54* 400
including 264.00 269.00 5.00 57.07* 285
293.00 313.00 20.00 3.65 73
including 310.00 312.00 2.00 17.79 36
GF13-730 363.20 393.00 29.80 1.78 53
including 363.20 366.00 2.80 6.98 20
and 380.00 393.00 13.00 2.55 33
422.00 426.00 4.00 5.33 21
GF13-732 272.00 278.00 6.00 2.75 17
including 275.00 278.00 3.00 4.85 15
288.00 289.00 1.00 2.33 2
302.00 303.00 1.00 1.03 1
367.00 368.00 1.00 1.17 1
GF13-733 71.80 72.30 0.50 25.95 13
233.00 235.10 2.10 13.46 28
242.00 243.00 1.00 2.95 3
GF13-734 276.00 292.00 16.00 8.06 129
including 278.00 283.00 5.00 15.08 75
GF13-736 236.00 283.00 47.00 4.97 234
including 236.00 246.00 10.00 10.10 101
and 261.00 279.00 18.00 6.43 116
292.00 293.00 1.00 7.75 8
GF13-737 261.00 262.00 1.00 63.15 63
GF13-739 187.00 188.00 1.00 8.57 9
194.00 196.00 2.00 2.40 5
299.00 302.52 3.52 4.56 16
GF13-741 265.00 266.00 1.00 8.37 8
344.15 347.30 3.15 19.39 61
including 346.60 347.30 0.70 81.77 57
GF13-742 172.80 179.00 6.20 10.68 66
205.00 206.00 1.00 1.01 1
297.00 299.00 2.00 2.87 6
345.00 348.00 3.00 1.99 6
GF13-743 241.65 245.00 3.35 39.56 133
GF13-745 352.60 355.30 2.70 9.61 26
GF13-750 252.00 275.00 23.00 3.58 82
GF13-751 349.00 361.00 12.00 3.23 39
including 349.00 353.00 4.00 8.19 33
396.00 398.00 2.00 5.13 10
412.00 414.00 2.00 2.57 5
431.00 437.00 6.00 1.78 11
GF13-754 373.00 380.00 7.00 10.15 71
396.40 398.25 1.85 2.82 5
* Previously reported
Contacts
Brigus Gold Corp.
Morgan Tyghe, Director of Investor Relations
(416) 214-9867
mtyghe@brigusgold.com
