Brigus Gold Corp. (Brigus or the Company) (NYSE
Post# of 1842
Brigus Gold Corp. (“Brigus” or the “Company&rdquo (NYSE Amex: BRD; TSX: BRD) is pleased to announce that exploration drilling on the southern portion of the Black Fox Complex continues to return high-grade gold assays from the Contact Zone (“Contact Zone&rdquo . Highlights from drilling at the Contact Zone include (all uncut, average gold grades over core length widths):
Hole Number | From (m) | To (m) | Core Width (m) | Gold Assay grams/tonne | ||||||||||||
GF11-289 | 77.50 | 92.50 | 15.00 | 3.17 | ||||||||||||
including | 80.50 | 83.50 | 3.00 | 8.37 | ||||||||||||
134.65 | 150.65 | 16.00 | 1.91 | |||||||||||||
GF11-302 | 49.85 | 79.30 | 29.45 | 1.66 | ||||||||||||
including | 52.85 | 55.85 | 3.00 | 6.65 | ||||||||||||
and | 62.85 | 65.30 | 2.45 | 4.04 | ||||||||||||
134.00 | 144.00 | 10.00 | 3.83 | |||||||||||||
including | 141.00 | 143.00 | 2.00 | 9.91 | ||||||||||||
168.30 | 182.60 | 14.30 | 2.26 | |||||||||||||
including | 168.30 | 172.62 | 4.32 | 4.70 | ||||||||||||
and | 180.60 | 182.60 | 2.00 | 4.83 | ||||||||||||
GF11-307 | 155.00 | 172.00 | 17.00 | 3.88 | ||||||||||||
including | 155.00 | 164.60 | 9.60 | 6.11 | ||||||||||||
GF11-319 | 139.15 | 148.60 | 9.45 | 5.59 | ||||||||||||
including | 139.15 | 143.00 | 3.85 | 8.43 | ||||||||||||
GF11-326 | 129.50 | 145.00 | 15.50 | 26.83 | ||||||||||||
including | 134.00 | 145.00 | 11.00 | 36.87 | ||||||||||||
and | 135.00 | 136.60 | 1.60 | 168.88 | ||||||||||||
GF112-481 | 69.55 | 92.00 | 22.45 | 4.08 | ||||||||||||
including | 69.55 | 70.55 | 1.00 | 27.90 | ||||||||||||
and | 77.85 | 78.85 | 1.00 | 19.90 | ||||||||||||
“We are delighted with the continued high-grade drill results from the Contact Zone,” said Howard Bird, Brigus’ Vice President of Exploration. “Recent drilling has intersected the zone over wider than expected widths in some areas and the drill program continues to successfully convert Inferred ounces to Indicated ounces.” The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. To date, the Company has systematically explored 25 percent of the property and significant upside potential remains on the property. The Contact Zone consists of a steeply dipping gold mineralized fault contact between the north-south trending metasediments and mafic volcanic rocks, and other parallel hanging wall and footwall gold mineralized zones. The general dip of the feature is 78 degrees to the east. Brigus has outlined an area of mineralization approximately 450 m in strike length at the Contact Zone that remains open along strike to the north and open at depth. The initial resource estimate for the Contact and 147 zones, as released in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex. Exploration drilling at the Black Fox Complex is progressing as planned with four drill rigs and an updated resource estimate on the Contact and 147 zones will be released in 2012. The Contact and 147 zones provide Brigus with near term production growth opportunities because of their proximity to the Black Fox mine infrastructure. Details of the most recent analytical results over 1 gpt gold from the Contact Zone drill holes are listed 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 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 is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has granted Cangold Limited the option to acquire a 75% interest in the Company’s 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.