Brigus Releases High-Grade Exploration Results
12 Junio 2012 - 8:53AM
Business Wire
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
high-grade gold assays from the Contact Zone (“Contact Zone”).
Highlights from drilling at the Contact Zone include (all uncut,
average gold grades over core length widths):
Hole Number From To
Core Width Gold Assay (m)
(m) (m) grams/tonne GF11-343 98.50
112.80 14.30 1.66 including 101.00 103.80 2.80 4.99
GF11-355
345.00 392.66 47.66 1.73 including 345.00 348.00 3.00 5.55 and
353.00 357.00 4.00 2.88 and 371.00 373.00 2.00 6.58 and 383.00
385.00 2.00 9.33
GF11-376 427.00 429.60 2.60 4.03
487.10 501.00 13.90 5.71
GF11-377 98.50 104.00 5.50 5.03
GF12-498 288.00 300.00 12.00 7.38
including 297.00
300.00 3.00 21.60
GF12-515 309.00 366.40 57.40 3.90
including 313.00 315.25 2.25 15.33 and 319.50 325.15 5.65 26.89
594.00 605.00 11.00 2.81
including 595.00 597.00 2.00
8.57
GF12-547 249.00 255.15 6.15 5.34 including 251.00
252.00 1.00 11.97
The initial resource estimate for the Contact and 147 zones,
released in December 2011, added more than 50 percent to the gold
resource at the Black Fox Complex. Exploration and resource in-fill
drilling is progressing as planned with three drill rigs currently
turning. An updated resource estimate for the Contact and 147 zones
will be released later this year.
Brigus has also commenced a preliminary economic assessment
(PEA) for the 147 and Contact zones and is expected to release
results during the third quarter. These zones have the potential
for robust economics and near term production growth.
All drill hole data is 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,
and SGS Laboratories of Sudbury, Ontario, which are 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.
Cautionary and Forward-Looking Statements
Statements in this news release, which 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 Company's ability to successfully
expand the Black Fox Complex gold resource, add to Black Fox
resources, advance new discoveries to production, convert resource
estimates into near-term production, release of an updated mineral
resource estimate in 2012 and the Black Fox underground mine
exploration drilling program 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 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 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.
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