Brigus Continues to Intersect High Grade Gold at the 147 Gold Zone at the Black Fox Complex
Brigus Gold Corp. ('Brigus? or the 'Company?) (NYSE Amex: BRD) (TSX:
BRD) is pleased to announce continued excellent results within the 147
Zone including 20.11 grams per tonne ('gpt?) over 16.00 metres ('m?)
which includes 34.06 gpt over 5.00 m.
'This is one of the best intercepts within the 147 Zone thus far,? said
Howard Bird, VP of Exploration for Brigus Gold. 'This new discovery
continues to deliver high grade gold over significant widths.?
The 147 Zone remains open in all directions and at depth. Additional
highlights from continued drilling include (all uncut, average gold
grades over core length):
147 Zone
- GF11-199:
- 6.05 gpt over 4.00 m;
- GF11-201:
- 8.81 gpt over 4.00 m; and
- 2.99 gpt over 24.00 m;
- including 5.37 gpt over 12.00 m
- GF11-207:
- 2.51 gpt over 9.95 m; and
- 3.84 gpt over 25.50 m;
- including 14.38 gpt over 5.00 m
- GF11-244:
- 20.11 gpt over 16.00 m;
- including 34.06 gpt over 5.00 m
- including 19.93 gpt over 7.00 m
- 20.11 gpt over 16.00 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.
Drilling at the 147 Zone is progressing as planned with three drill
rigs. The fourth and fifth drill rigs are in-fill drilling and testing
the down-dip continuity of the Contact Main Zone located approximately
400 m to the north of the 147 Zone. A sixth drill rig has been
contracted to commence drilling the second week of August and will test
known gold bearing structures, as well as new potential gold bearing
targets defined from the recent induced polarization and magnetic
geophysical surveys within the Black Fox Complex.
The 147 Zone drill holes are listed in Appendix 1 and a drill-hole
location map is included in Appendix 2. All are 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
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
Statements contained in this news release that 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 ability of the Company to achieve targeted gold
production at its Black Fox Mine, including underground production, and
cash costs, mill expansion results, meet capital construction schedules
and costs, and the continuation of a rising gold price are
forward-looking statements and estimates that involve various risks and
uncertainties. This forward-looking information includes, or may be
based upon, estimates, forecasts, and statements as to management's
expectations with respect to, among other things, the issue of permits,
the size and quality of the company's mineral resources, progress in
development of mineral properties, future production and sales volumes,
capital and mine production costs, demand and market outlook for metals,
future metal prices and treatment and refining charges, and the
financial results of the Company.
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
as well as elsewhere in Brigus′ documents filed from time to time with
the Toronto Stock Exchange, the NYSE Amex Equities, 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.
Jennifer Nicholson, CA
Vice President
Investor Relations
902-422-1421
jnicholson@brigusgold.com