• Dienstag, 26 November 2024
  • 11:48 Uhr Frankfurt
  • 10:48 Uhr London
  • 05:48 Uhr New York
  • 05:48 Uhr Toronto
  • 02:48 Uhr Vancouver
  • 21:48 Uhr Sydney

Brigus Gold Reports Positive Exploration Drilling Results at Black Fox Complex

30.11.2010  |  Business Wire


Brigus Gold Corp. ('Brigus Gold? or the 'Company?) (NYSE Amex: BRD)(TSX:
BRD) has received assay results from 12 drill holes totalling 5,327
metres as part of an ongoing exploration program at the Company′s 100%
owned Black Fox Complex located in the Timmins Mining District, Ontario.
The current exploration program continues to return positive results and
is designed to expand the Black Fox Complex gold resource by
systematically drilling mineralized structures. Highlights from returned
assay results include (all uncut, average gold grades with estimated
true widths, unless otherwise noted):

Contact Zone

  • GF10-90:
    • 14.92 grams of gold per tonne over 2.41 metres and
    • 14.88 grams of gold per tonne over 3.58 metres
  • GF10-94:
    • 7.05 grams of gold per tonne over 6.34 metres
      • including 10.22 grams of gold per tonne over 3.62 metres
    • 25.78 grams of gold per tonne over 1.13 metres and
    • 10.47 grams of gold per tonne over 2.11 metres
  • GF10-98:
    • 2.03 grams of gold per tonne over 4.26 metres and
    • 3.68 grams of gold per tonne over 8.89 metres
      • including 6.67 grams of gold per tonne over 3.17 metres

Gibson Shear

  • Hole GF10-88:
    • 5.45 grams of gold per tonne over core length 3.0 metres
  • Hole GF10-92 :
    • 2.02 grams of gold per tonne over core length 41.8 metres
      • including 4.04 grams of gold per tonne over core length
        12.0 metres


The exploration program is following up on historical data and drill
results while also testing new gold occurrences within the Black Fox
Complex. Three rigs are in the process of drilling at least six
exploration targets at the Black Fox Complex including: the Contact
Zone, the Historic Gibson Deposit, the Gibson Shear, the School House
Zone and the Hislop North Zone. All targets are located within four
kilometres of the Company′s operating Black Fox Mine, providing the
opportunity for rapid advancement. A fourth drill rig is drilling deep
exploration targets at the Black Fox Mine.


Howard Bird, Vice President of Exploration for Brigus Gold, said, 'These
drill results continue to expand the gold mineralization at the Contact
Zone. We are also very encouraged by additional positive results at the
Gibson Shear target, located approximately 500 metres west of the
Contact Zone. Our exploration goal during 2011 and 2012 is to
significantly expand the gold resources at the Black Fox Complex while
pursuing new target areas. There is considerable near-term exploration
potential at the Contact and Gibson Shear zones, as well as at the Black
Fox Mine where the ore body remains open down-dip, both at depth and
along strike.?

Contact Zone


The Contact Zone consists of a steeply dipping mineralized fault contact
between the north-south trending metasediments and mafic volcanic rocks,
and two other parallel mineralized zones. The Contact Zone extends for
at least 1,200 metres ('m?) and is open along strike and at depth. The
general dip of the feature is 78 degrees to the east with horizontal
widths varying from 3.5 m to 35 m. During the 2008 and 2009 drill
program, most of the 65 drill holes completed were concentrated within a
strike length of approximately 400 m and tested to an approximate depth
of 120 m from surface. During 2010, the Contact Zone drill program has
concentrated on testing continuity of the gold mineralization below
(down dip) and along strike of the 2008 and 2009 drill holes.


In light of recent encouraging high-grade drill results from the Contact
Zone, Brigus has expanded the drill program in this area to increase the
size of the mineralized zone. Assay results from the most recent six
holes from the Contact Zone trend were positive and consistent with past
results from the Contact Zone. A previously planned initial gold mineral
resource estimate for the Contact Zone has been postponed until
completion of the expanded drill program.


Drilling along strike and below the 65 drill holes from the 2008 and
2009 exploration program has confirmed good down dip continuity of
significant gold mineralization.


GF10-90, highlighted above ,which followed up on GF 09-66 drilled by
Brigus in 2009 and historic hole PR975-28, intersected a mineralized
zone approximately 140 m from surface and 50 m down dip of GF09-66 while
PR95-28 intersected the same zone approximately 75 m down dip of
GF10-90. High interest assays from hole GF09-66 returned 3.37 grams per
tonne ('gpt?) gold over true width 6.39 m including 11.14 gpt gold over
true width 1.42 m, and from historic hole PR95-28 assays returned 3.74
gpt gold over true width 7.55 m including 7.47 gpt gold over true width
2.22 m.


GF10-94, highlighted above, intersected mineralization approximately 190
m from surface and 75 m down dip of GF09-25. Hole GF09-25 intersected
the zone approximately 120 m from surface and GF09-29 intersected the
zone approximately 50 m from surface. High interest assays from hole
GF09-25 returned 2.17 gpt gold over true width 2.43 m, including 5.69
gpt over true width 0.81 m, and GF09-29 returned 5.31 gpt over true
width 3.24 m, including 8.57 gpt over true width 0.81 m.


GF10-98, highlighted above, intersected the mineralized zone
approximately 160 m from surface and 60 m down dip of GF09-64 and
GF09-65. Holes GF09-64 and GF09-65 both intersected the zone
approximately 80 m from surface. High interest assays from hole GF09-64
returned 3.03 gpt gold over true width 4.27 m, including 8.57 gpt gold
over true width 0.78 m, and GF09-65 returned 19.37 gpt gold over true
width 4.21 m, including 85.99 gpt gold over true width 0.76 m.


Assay results over 2.0 gpt gold are listed in a table in Appendix 1 of
this news release and posted on the Company′s website at www.brigusgold.com.

Gibson Shear ('GS?)


Drilling results from the Gibson Shear target continue to demonstrate
encouraging results with five out of six holes intercepting average gold
grades over 2.0 gpt. The best hole, GF10-92, highlighted above, was
drilled on the southern portion of the Gibson Shear (Gibson South) and
returned 2.02 gpt gold over core length 41.8 m, including 4.04 gpt gold
over 12.0 m. GF10-92 was drilled 55 m to the northwest of GF10-73, which
returned 2.11 gpt gold over core length 22.94 m. Further drilling is
underway; a shallow drill hole is currently in progress in order to
determine the extent of mineralization closer to surface and to better
define the dip of the mineralized zone.

Geophysical Programs


Brigus Gold has received the final airborne magnetic geophysical survey
data results from the Black Fox Complex, which distinctly define the key
gold-bearing Contact Zone and Gibson Shear linear structures, as well as
numerous similar looking untested linear structures. In addition, a
Quantec Titan 24 Deep IP ground based geophysical program was recently
completed at the Black Fox Complex with 22 lines (each line spaced 200 m
apart) surveyed. The Titan system detects conductive mineralization,
disseminated mineralization, alteration, structure and geology resulting
in the identification of prospective drill targets. Final survey results
are expected later this quarter.


Surface drilling was conducted by Norex Drilling and was supervised by
the Black Fox exploration staff. All 2010 sample analyses reported
herein were performed by Polymet Labs of Cobalt, Ontario, which is ISO
9001:2000 certified in North America, and by SGS Laboratories of
Sudbury, Ontario, 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 and standards
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 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 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 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 Project located in the state of Chiapas, and an 80 percent
interest in the Huizopa Joint Venture, an early stage, gold-silver
exploration project located in the State of Chihuahua. In the Dominican
Republic, Brigus Gold has a joint venture covering three mineral
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 resource potential,
resource addition or expansion, continuity of mineralization, plans for
the Company′s surface and underground exploration drilling programs and
the results associated therewith, the amount of surface drilling, the
drill rigs operating at Black Fox Complex and the 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 mineral resource
estimate for the Contact Zone, and additions to resources in 2011 and
2012 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
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.


Brigus Gold Corp.

Wendy Yang, Vice President of Investor Relations

303-524-3203

ir@brigusgold.com



Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Brigus Gold Corp.
Bergbau
-
-
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.