Brigus Expands New 147 Gold Zone at Depth at Black Fox Complex
Brigus Gold Corp. ('Brigus? or the 'Company?) (NYSE Amex: BRD; TSX: BRD)
is pleased to announce that exploration drilling on the southern portion
of the Black Fox Complex continues to return excellent gold assays over
significant widths within the new 147 Gold Zone ('147 Zone?), including
3.94 grams per tonne ('gpt?) over 24.20 metres ('m?) that included 6.86
gpt over 11.77 m.
Highlights from continued drilling at the 147 Zone include (all uncut,
average gold grades over core length):
147 Zone Drill Highlights:
- GF11-195:
- 1.72 gpt over 21.78 m;
- including 3.34 gpt over 8.00 m
- 1.72 gpt over 21.78 m;
- GF11-198:
- 6.31 gpt over 6.00 m;
- including 10.00 gpt over 3.00 m
- 6.31 gpt over 6.00 m;
- GF11-206:
- 3.94 gpt over 24.20 m;
- including 6.86 gpt over 11.77 m
- 3.94 gpt over 24.20 m;
- GF11-220:
- 4.00 gpt over 13.00 m;
- including 13.54 gpt over 2.00 m; and
- 2.90 gpt over 11.00 m
- including 3.95 gpt over 5.00 m
- 4.00 gpt over 13.00 m;
The 147 Zone is located on the southern portion of Brigus′ 100%-owned
Black Fox Complex, four kilometres from the Company′s Black Fox gold
mine. The Black Fox Complex covers an area of approximately 18 square
kilometres within the Timmins Mining District, Ontario. The 147 Zone
gold mineralization primarily occurs within multiple quartz and
carbonate healed brecciated zones within bleached units of mafic
volcanics.
'We are delighted with the continued expansion of the 147 Zone. The Zone
now extends to a vertical depth of 240 metres below surface with drill
hole GF11-206 returning excellent gold assay results over a significant
width,? said Howard Bird, VP Exploration Brigus. 'The 147 Zone remains
open in all directions.?
Drilling at the 147 Zone is progressing as planned with four drill rigs.
The fifth drill rig is in-fill drilling the Contact Main Zone located
approximately 400 m to the north of the 147 Zone.
The 147 Zone drill holes are listed in Appendix 1 and a drill-hole
location map is included in Appendix 2, as well as being 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
Complex in the Timmins gold district of Ontario, Canada. The Black Fox
Complex encompasses the Black Fox Mine and Mill, and adjoining Grey
Fox-Pike River property, all in the Township of Matheson, Ontario,
Canada. Brigus is also advancing its Goldfields Project located near
Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold
deposits. In Mexico, Brigus has a letter of intent to sell 75% of its
Ixhuatan silver-gold projected located in the state of Chiapas. In the
Dominican Republic, Brigus has a letter of intent to sell its remaining
interests in three mineral exploration projects.
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 Company's ability to
successfully expand the Black Fox Complex gold resource, add to Black
Fox resources, advance new discoveries, 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 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.
Appendix 1: 2011 Drill Hole Assay Results at the Black Fox | ||||||||||
Hole ID | From | To | Core | Zone | Assay | |||||
GF11-193 | 110.00 | 112.00 | 2.00 | ND | 1.89 | |||||
206.92 | 208.92 | 2.00 | ND | 14.50 | ||||||
360.15 | 361.00 | 0.85 | ND | 8.43 | ||||||
GF11-195 | 30.00 | 34.00 | 4.00 | ND | 1.24 | |||||
52.00 | 54.00 | 2.00 | ND | 2.57 | ||||||
58.00 | 59.00 | 1.00 | ND | 1.37 | ||||||
131.00 | 137.00 | 6.00 | ND | 2.15 | ||||||
142.22 | 164.00 | 21.78 | ND | 1.72 | ||||||
146.00 | 154.00 | 8.00 | ND | 3.34 | ||||||
172.00 | 174.00 | 2.00 | ND | 2.67 | ||||||
181.00 | 183.00 | 2.00 | ND | 1.44 | ||||||
186.00 | 188.00 | 2.00 | ND | 3.36 | ||||||
199.00 | 200.00 | 1.00 | ND | 22.42 | ||||||
222.00 | 223.00 | 1.00 | ND | 2.47 | ||||||
GF11-197 | 152.00 | 162.00 | 10.00 | ND | 0.95 | |||||
170.00 | 173.00 | 3.00 | ND | 2.13 | ||||||
209.00 | 215.00 | 6.00 | ND | 3.55 | ||||||
GF11-198 | 114.70 | 118.56 | 3.86 | ND | 4.45 | |||||
152.70 | 153.78 | 1.08 | ND | 3.09 | ||||||
199.00 | 200.00 | 1.00 | ND | 3.63 | ||||||
240.00 | 246.00 | 6.00 | ND | 6.31 | ||||||
242.00 | 245.00 | 3.00 | ND | 10.00 | ||||||
448.92 | 450.00 | 1.08 | ND | 1.13 | ||||||
GF11-206 | 255.57 | 279.77 | 24.20 | ND | 3.94 | |||||
268.00 | 279.77 | 11.77 | ND | 6.86 | ||||||
GF11-220 | 18.00 | 31.00 | 13.00 | ND | 4.00 | |||||
28.00 | 30.00 | 2.00 | ND | 13.54 | ||||||
44.00 | 55.00 | 11.00 | ND | 2.90 | ||||||
44.00 | 49.00 | 5.00 | ND | 3.95 | ||||||
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Appendix 2 available at: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6783431&lang=en
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6783431&lang=en
Brigus Gold Corp.
Jennifer Nicholson, CA, 902-422-1421
Vice
President Investor Relations
IR@brigusgold.com