High Grade Drilling Results Returned on the 147 and Contact Zones at Grey Fox
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 and Contact zones, including high grade gold
intercepts of 5.2 grams per tonne (gpt) over 34.85 metres from the 147
Zone and 10.6 grams per tonne over 14.00 metres from the Contact Zone.
'These high grade drill results are more evidence of the rich ore body
at Grey Fox,? said Howard Bird, Sr. Vice President of Exploration. 'We
are confident that the exploration results from both the 147 and Contact
zones will significantly increase the Company′s total gold resource.?
Highlights from the 147 Zone which remains open for expansion: | ||||||||||||
Hole Number | ? | From (m) | ? | To (m) | ? | Core Width (m) | ? | Gold Grade (gpt) | ? | Grams x Width | ? | Mining Potential |
GF12-572 | ? | 304.00 | ? | 312.00 | ? | 8.00 | ? | 3.58 | ? | 29 | ? | Underground |
GF12-584 | ? | 207.80 | ? | 218.00 | ? | 10.20 | ? | 3.43 | ? | 35 | ? | Underground |
? | ? | 230.00 | ? | 237.00 | ? | 7.00 | ? | 4.08 | ? | 29 | ? | Underground |
GF12-610 | ? | 196.00 | ? | 230.85 | ? | 34.85 | ? | 5.21 | ? | 182 | ? | Underground |
GF12-611 | ? | 224.00 | ? | 263.00 | ? | 39.00 | ? | 4.55 | ? | 177 | ? | Underground |
? | ? | 338.60 | ? | 346.25 | ? | 7.65 | ? | 7.78 | ? | 60 | ? | Underground |
GF12-679 | ? | 356.70 | ? | 360.70 | ? | 4.00 | ? | 10.41 | ? | 42 | ? | Underground |
? | ? | 397.70 | ? | 404.70 | ? | 7.00 | ? | 3.14 | ? | 22 | ? | Underground |
GF13-686 | ? | 258.50 | ? | 270.00 | ? | 11.50 | ? | 4.99 | ? | 57 | ? | Underground |
GF13-688 | ? | 331.90 | ? | 338.90 | ? | 7.00 | ? | 7.83 | ? | 55 | ? | Underground |
GF13-690 | ? | 260.70 | ? | 265.60 | ? | 4.90 | ? | 6.13 | ? | 30 | ? | Underground |
All assays are capped at 100 gpt gold, average gold grades over | ||||||||||||
? |
Highlights from the Contact Zone which remains open for | ||||||||||||
Hole Number | ? | From (m) | ? | To (m) | ? | Core Width (m) | ? | Gold Grade (gpt) | ? | Grams x Width | ? | Mining Potential |
GF12-590 | ? | 170.30 | ? | 194.00 | ? | 23.70 | ? | 3.50 | ? | 83 | ? | Open Pit |
GF12-593 | ? | 117.10 | ? | 126.00 | ? | 8.90 | ? | 4.50 | ? | 40 | ? | Open Pit |
? | ? | 184.63 | ? | 189.00 | ? | 4.37 | ? | 10.00 | ? | 44 | ? | Open Pit |
GF12-652 | ? | 97.00 | ? | 111.00 | ? | 14.00 | ? | 4.26 | ? | 60 | ? | Open Pit |
? | ? | 257.00 | ? | 273.00 | ? | 16.00 | ? | 8.67 | ? | 139 | ? | Underground |
GF12-656 | ? | 188.00 | ? | 200.00 | ? | 12.00 | ? | 4.44 | ? | 53 | ? | Open Pit |
GF12-657 | ? | 117.00 | ? | 121.70 | ? | 4.70 | ? | 6.19 | ? | 29 | ? | Open Pit |
GF12-658 | ? | 133.40 | ? | 141.15 | ? | 7.75 | ? | 4.39 | ? | 34 | ? | Open Pit |
GF12-659 | ? | 258.00 | ? | 270.00 | ? | 12.00 | ? | 9.46 | ? | 114 | ? | Underground |
? | ? | 362.00 | ? | 376.00 | ? | 14.00 | ? | 2.18 | ? | 31 | ? | Underground |
GF12-660 | ? | 62.00 | ? | 76.00 | ? | 14.00 | ? | 10.64 | ? | 149 | ? | Open Pit |
GF12-665 | ? | 221.00 | ? | 228.00 | ? | 7.00 | ? | 4.97 | ? | 35 | ? | Underground |
? | ? | 242.00 | ? | 255.00 | ? | 13.00 | ? | 4.31 | ? | 56 | ? | Underground |
? | ? | 277.00 | ? | 287.00 | ? | 10.00 | ? | 9.88 | ? | 99 | ? | Underground |
GF12-673 | ? | 208.00 | ? | 227.00 | ? | 19.00 | ? | 3.00 | ? | 57 | ? | Open Pit |
All assays are capped at 100 gpt gold, average gold grades over | ||||||||||||
? |
Today′s drill holes will add to the resource estimate released in
September 2012 that reported 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 200 m of surface demonstrating excellent open pit mining
potential.
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. Brigus currently has four drill rigs turning
to build a resource suitable for underground mining. An updated reserve
report on the Grey Fox property will be issued this quarter and will
include approximately 40,000 meters of drilling.
The core area of the 147 Zone extends for approximately 250 metres 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. Targeted drilling has intersected the 147
Zone at a vertical depth of approximately 380 m below surface with
recently reported drill hole GF12-639 intersecting 5.35 grams per tonne
gold over 11 metres. The 147 Zone remains open for further expansion.
The Contact Zone gold mineralization lies within approximately 450
metres of strike length and mineralization remains open along strike to
the north and down dip. The Contact Zone consists of a steeply dipping
mineralized fault contact between the north-south trending metasediments
and mafic volcanic rocks, and includes parallel foot wall and hanging
wall gold mineralized zones.
Details of the most recent 147 and Contact zones drill holes, along with
drill hole location and long section maps 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 2013 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