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Brigus Gold Significantly Increases Exploration Drilling at Black Fox Complex

31.08.2010  |  Business Wire


Brigus Gold Corp. ('Brigus Gold? or the 'Company?) (TSX: BRD)(NYSE Amex:
BRD) has expanded its planned exploration drill program at the Black Fox
Complex in the Timmins Gold District, Ontario to include a minimum of
15,000 metres ('m?) of surface drilling. The Black Fox Complex comprises
the Black Fox Mine and Mill, and the Grey Fox-Pike River property,
adjoining the mine and along strike of the Black Fox gold deposit.

Surface Drilling Program


Approximately 5,000 m of drilling will be focused on step-out drilling
which is intended to expand the Black Fox gold deposit along strike and
down-dip. The Black Fox area drill program will also offset the 2004
high-grade gold result in surface drill hole #04BF-389, which returned
20.9 grams of gold per tonne ('g/t?) over a true width of 4.98 m located
near the Destor-Porcupine Fault Zone ('DPFZ?) and the cross-cutting Base
Metal Zone ('BMZ?) mineralized structure.


An additional 10,000 m of drilling will be focused in and around the
Contact Zone within the Grey-Fox Pike River property, including four
exploration targets. There are currently two core drill rigs operating
at the Contact Zone. Other targets, located within a two kilometre
('km?) area of the Contact Zone, that will be targeted with this program
included the Historic Gibson Deposit, Gibson-Fault Zone, School House
Zone and Hislop North Zone. To date, the Company has completed 27 holes
totalling 11,440 m targeting the Contact Zone and first phase drilling
on the Gibson Deposit, Gibson-Fault Zone, School House Zone and Hislop
North Zone. Assay results are pending for most of these holes.


Brigus Gold plans to add a third core drill rig in the first week of
September which is intended to further delineate the mineralization
trend of the Black Fox deposit with a fourth core drill rig being added
in approximately six weeks.

Underground Drilling Program


Brigus Gold also plans to extend the underground 235 m level drift to
target resource additions from underground drill stations at Black Fox.
Underground drilling will initially target mineralization to the
southeast following up on positive results from previous drilling in
2004 and 2005. The 235 m level drift, which is currently approximately
one km in length, will be initially advanced 200 m to facilitate
fan-pattern drilling at 12.5 m centers. In the previous underground
drill program, completed in 2004 and 2005, the last southeast drill
station, located at the end of the drift, returned significant gold
grades at depth and over attractive widths from underground fan drilling
holes #235-296 and #235-295, as well from surface drill hole #04BF364.
Highlights of the three drill holes are shown below:


Hole #

  

  

From

  

  

  

To

  

  

  

Interval

  

  

  

True Width

  

  

  

Gold Grade

  

  

  

  

  

metres

  

  

  

metres

  

  

  

metres

  

  

  

metres

  

  

  

grams/tonne

235-296

  

  

288.6

  

  

  

295.4

  

  

  

6.8

  

  

  

6.25

  

  

  

31.16

235-295

  

  

278.8

  

  

  

282.4

  

  

  

3.6

  

  

  

3.49

  

  

  

7.48

and

  

  

278.7

  

  

  

288.6

  

  

  

0.9

  

  

  

0.87

  

  

  

2.59

04BF364

  

  

500.4

  

  

  

503.8

  

  

  

3.4

  

  

  

3.07

  

  

  

12.65


The Black Fox Mine and Grey Fox-Pike River properties cover 17 square km
and extend 6.5 km along the strike and at depth of the well-known
Destor-Porcupine Fault Zone ('DPFZ?), which hosts the Black Fox deposit
and several other gold deposits in the Timmins Gold District.


Howard Bird, Vice President of Exploration for Brigus Gold, said, 'There
is exciting potential for further gold discoveries and additions to gold
resources at our wholly owned Black Fox Complex. We believe there is
potential for further gold mineral discoveries to augment the mine life
at Black Fox and, for that reason, we have significantly expanded our
drill program with plans to have four surface rigs operating at year end
and continuing into 2011.


Brigus Gold is focusing on identifying new gold targets with an in-house
reinterpretation of the geological characteristics of the property area
using the latest methods and techniques. A high-resolution magnetic
airborne geophysical survey will be conducted over all of the properties
and the Grey Fox-Pike River property will also be surveyed using the
advanced Quantec Titan 24 ('Titan?) geophysical system. The Titan
Induced Polarization and Resistivity survey system defines
high-resolution results to depths of approximately 700 m, which are
unachievable with conventional geophysics or airborne geophysics. The
system detects conductive mineralization, disseminated mineralization,
alteration, structure and geology resulting in the identification of
prospective drill targets. The Titan survey was completed over the Black
Fox Mine in 2004 and successfully defined the mine deposit and was
instrumental in the discovery on the base metal zone. The airborne and
Titan surveys are expected to commence in mid-September 2010.


During Q-4 2010, Brigus Gold expects to announce an initial National
Instrument 43-101-compliant estimate of resources of gold for the
Contact Zone, based on limited drilling of 65 core holes completed in
2009 and 2008. The Company is using the latest drill results to confirm
and update the geological interpretation in the resource estimate. Most
of the 2009 and 2008 drilling was relatively shallow, concentrated
within 120 m of bedrock. The deepest Grey Fox drill hole # GF09-58
intersected the main mineralized Contact Zone lens at 222 m below
surface and graded a weighted average of 10.58 g/t over a true
horizontal width of 3.7 m. Drilling is continuing at the Contact Zone
which remains open along strike and down-dip.

Management Change Announcement


The Company also announces that Richard F. Nanna, Senior Vice President
of Exploration, and a co-founder of the predecessor companies of Brigus
Gold, will be leaving the company, effective September 30, 2010.
Chairman, President and Chief Executive Officer Wade K. Dawe, said, 'We
thank Dick Nanna for his contributions to the Company, especially in
having the geologist′s foresight to identify the Black Fox Complex in
the early days. We wish Dick the very best for the future.?


The Qualified Person who reviewed the technical exploration information
in this news release is Senior Exploration Project Manager John A. Dixon.

About Brigus Gold


Brigus Gold 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 in the Timmins Gold District of Ontario, Canada.
The Black Fox Complex encompasses the Black Fox Mine and Mill, and the
Grey Fox-Pike River property, adjoining the mine. All these properties
are located in the Township of Black River-Matheson, Ontario, Canada.
Brigus Gold is also advancing the Goldfields Project located near
Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold
deposits. In Mexico, Brigus Gold holds a 100 percent interest in the
Ixhuatan Property located in the state of Chiapas, and an 80 percent
interest in the Huizopa Joint Venture, an early stage, gold-silver
exploration joint venture located in the State of Chihuahua. In the
Dominican Republic, Brigus Gold and Everton Resources have a joint
venture for the APV and Loma El Mate gold exploration projects.

Cautionary Note to U.S. Investors Concerning Estimates of Mineral
Resources


This news release uses the term mineral 'resources?. The Company advises
U.S. investors that while these terms are defined in and required by
Canadian regulations, these terms are not defined terms under the U.S.
Securities and Exchange Commission ('SEC?) Industry Guide 7 and are
generally not permitted to be used in reports and registration
statements filed with the SEC. The SEC generally only permits issuers to
report mineralization that does not constitute SEC Industry Guide 7
compliant 'reserves? as in-place tonnage and grade without reference to
unit measures. U.S. investors are cautioned not to assume that any
part or all of mineral deposits in these categories will ever be
converted into reserves.

Cautionary and Forward-Looking Statements


This news release includes 'Forward-Looking Statements? within the
meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. All statements regarding the expansion of the
Company′s surface and underground exploration drilling programs for 2010
and 2011, the amount of surface drilling, the addition of drill rigs
operating at Black Fox Complex and the timing associated therewith,
ability of the Company to extend the underground drift at the 235 m
level and timing associated therewith, increase of Black Fox resources,
matters relating to the geophysical survey of the Black Fox Complex and
the timing thereof, release date of a National Instrument
43-101-compliant estimate for the Contact Zone, and additions to
resources in 2011 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 and its predecessor companies′ most recent annual report
on Form 10-K filed with the United States Securities and Exchange
Commission and elsewhere in Apollo′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

Wendy Yang, 720-886-9656 Ext. 217

Vice
President of Investor Relations

Toll Free: 1-877-465-3484

info@brigusgold.com

or

Sean
Tufford, 902-422-1421

Director of Investor Relations

Toll
Free: 1-866-785-0456

sean@brigusgold.com

Website:
www.brigusgold.com



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