HALIFAX, Nova Scotia--(BUSINESS WIRE)--Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD; TSX: BRD) is pleased to report that initial resource expansion drilling on the lower East zone at the Black Fox underground mine is confirming the continuity of high grade gold over significant widths. All of these results are located outside of the current reserves. The drilling is being performed 326 metres (m) below the surface.
"These high grade drilling results show strong continuity while extending the Black Fox orebody for over 200 metres along strike. The orebody remains open for further expansion along strike as well as down dip," said Wade Dawe, Brigus Gold’s Chairman and Chief Executive Officer. “These results demonstrate the excellent potential to significantly expand gold reserves and increase the life of mine at Black Fox.”
Highlighted results include:
| Hole Number | From (m) | To (m) | Core Length (m) | Gold Assay (gpt) | Grams X Width | |||||
| 9670-EX-02A | 219.50 | 237.40 | 17.90 | 6.45 | 115 | |||||
| 9670-EX-08 | 180.00 | 193.70 | 13.70 | 1.66 | 29 | |||||
| 96070-EX-09A | 175.30 | 193.00 | 17.70 | 1.38 | 24 | |||||
| 205.00 | 220.40 | 15.40 | 3.40 | 52 | ||||||
| including | 205.00 | 208.40 | 3.40 | 7.68 | 26 | |||||
| 9670-EX-26 | 194.70 | 212.40 | 17.70 | 2.56 | 45 | |||||
| 226.00 | 228.00 | 2.00 | 10.75 | 22 | ||||||
| 9670-EX-37 | 198.00 | 205.00 | 7.00 | 4.13 | 29 | |||||
| 9670-EX-11A | 231.65 | 261.00 | 29.35 | 2.98 | 87 | |||||
| including | 249.00 | 255.00 | 6.00 | 5.63 | 34 | |||||
| 9670-EX-36A | 194.00 | 203.30 | 9.30 | 3.96 | 37 | |||||
| including | 201.90 | 203.30 | 1.40 | 16.34 | 23 | |||||
| 672-24-E | 119.10 | 122.40 | 3.30 | 15.02 | 50 | |||||
| 672-25-E | 120.90 | 132.20 | 11.30 | 12.88 | 146 |
All assays are capped at 31.1 gpt gold, average gold grades over core length widths.
The Black Fox orebody remains open at depth and along strike and
includes gold reserves to a maximum depth of 500 metres. Orebodies in
the region, along the Destor Porcupine Fault, often extend to depths of
more than 1,000 metres. The ongoing underground exploration drilling
program at the Black Fox mine will drill both along strike and beyond
500 metres depth to continue to expand the underground resource.
Details of the most recent Black Fox mine underground exploration drill holes are listed in Appendix 1 and a longitudinal section map of the Black Fox mine gold reserve and infrastructure showing the location of the drill-hole intercepts is included in Appendix 2.
The Black Fox mine exploration underground drilling was conducted by Forage Boreal of Val-d’Or Quebec and Norex Drilling of Timmins Ontario. Sample analyses were performed by Accurassay Laboratories in their Timmins ISO 17205 registered facility using standard fire assay procedures. The program was supervised by the Brigus Black Fox mine geological department. 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 Canadian 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, the new Grey Fox property and adjoining properties in
the Township of Black River-Matheson, Ontario, Canada. The Black Fox
mine is in production and the Grey Fox mine, located four kilometres
from Black Fox is in development. Brigus is also advancing the
Goldfields Project located near Uranium City, Saskatchewan, Canada,
which hosts the Box and Athona gold deposits. In Mexico, Brigus owns the
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 2013 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. Source: Brigus Gold Corp.
Appendix 1: Most recent underground exploration drill hole assay results at the Black Fox mine (all assays are capped at 31.1 gpt gold, average gold grades over core length widths):
| Hole Number | From (m) | To (m) | Core Length (m) | Gold Assay (gpt) | Grams X Width | |||||
| 9670-EX-02A | 219.50 | 237.40 | 17.90 | 6.45 | 115 | |||||
| 9670-EX-08 | 180.00 | 193.70 | 13.70 | 1.66 | 29 | |||||
| 96070-EX-09A | 175.30 | 193.00 | 17.70 | 1.38 | 24 | |||||
| 205.00 | 220.40 | 15.40 | 3.40 | 52 | ||||||
| including | 205.00 | 208.40 | 3.40 | 7.68 | 26 | |||||
| 9670-EX-26 | 194.70 | 212.40 | 17.70 | 2.56 | 45 | |||||
| including | 194.70 | 201.70 | 7.00 | 3.10 | 22 | |||||
| 226.00 | 228.00 | 2.00 | 10.75 | 22 | ||||||
| 9670-EX-37 | 198.00 | 205.00 | 7.00 | 4.13 | 29 | |||||
| 9670-EX-11A | 231.65 | 261.00 | 29.35 | 2.98 | 87 | |||||
| including | 249.00 | 255.00 | 6.00 | 5.63 | 34 | |||||
| 304.20 | 306.00 | 1.80 | 5.59 | 10 | ||||||
| 9670-EX-36A | 194.00 | 203.30 | 9.30 | 3.96 | 37 | |||||
| including | 201.90 | 203.30 | 1.40 | 16.34 | 23 | |||||
| 236.00 | 238.00 | 2.00 | 3.69 | 7 | ||||||
| 672-24-E | 119.10 | 122.40 | 3.30 | 15.02 | 50 | |||||
| 672-25-E | 120.90 | 132.20 | 11.30 | 12.88 | 146 | |||||
| 672-31-E | 99.00 | 104.00 | 5.10 | 2.84 | 14 | |||||
| 672-38A-E | 124.80 | 132.00 | 7.20 | 2.52 | 18 | |||||
| 672-42-E | 136.50 | 138.00 | 1.50 | 4.57 | 7 | |||||
| 672-46-E | 128.00 | 130.00 | 2.00 | 4.61 | 9 | |||||
| 672-47-E | 129.00 | 129.80 | 0.80 | 18.97 | 15 | |||||
| 672-55-E | 129.00 | 131.00 | 2.00 | 6.56 | 13 |
