9 hours ago by Business WireBrigus 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. Drilling at the Contact Zone ("Contact Zone"), 400 metres north of the recently discovered 147 Zone, has intersected 16.18 grams per tonne ("gpt") over 4.50 metres ("m") that included 83.04 gpt over 0.75m. To date, Brigus has outlined an area of mineralization approximately 400 m in strike length. The Zone remains open along strike to the north and open at depth.
Highlights from continued drilling at the Contact Zone include (all uncut, average gold grades over true widths):
Contact Zone
-- GF11-154: -- 6.09 gpt over 3.03 m; and
-- 3.32 gpt over 4.04 m; and
-- 2.19 gpt over 12.94 m
-- GF11-234: -- 6.95 gpt over 4.11 m; -- including 11.75 gpt over 1.46 m
-- GF11-236: -- 3.89 gpt over 3.51 m; and
-- 7.75 gpt over 1.76 m
-- GF11-245: -- 16.18 gpt over 4.50 m; -- including 83.04 gpt over 0.75 m
-- 1.30 gpt over 11.70 m; -- including 2.57 gpt over 3.00 m
The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. 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 with horizontal widths varying from 3.5 m to 35 m.
Drilling at the Black Fox Complex is progressing as planned with six drill rigs operating. Two drill rigs are infill drilling and testing along strike and down-dip on the Contact Zone, three drill rigs are expanding the 147 Zone, and one drill rig is focused on testing other known gold bearing structures, as well as new potential gold bearing targets defined from the recent induced polarization and magnetic geophysical surveys.
Details of the most recent Contact Zone drill holes are listed in Appendix 1 and a drill-hole location map is included in Appendix 2. 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, 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, all in the Township of Black River - 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.
Appendix 1: 2011 Drill Hole Assay Results at the Black Fox Complex's Contact Zone
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6852184&lang=en
SOURCE: Brigus Gold Corp.
Highlights from continued drilling at the Contact Zone include (all uncut, average gold grades over true widths):
Contact Zone
-- GF11-154: -- 6.09 gpt over 3.03 m; and
-- 3.32 gpt over 4.04 m; and
-- 2.19 gpt over 12.94 m
-- GF11-234: -- 6.95 gpt over 4.11 m; -- including 11.75 gpt over 1.46 m
-- GF11-236: -- 3.89 gpt over 3.51 m; and
-- 7.75 gpt over 1.76 m
-- GF11-245: -- 16.18 gpt over 4.50 m; -- including 83.04 gpt over 0.75 m
-- 1.30 gpt over 11.70 m; -- including 2.57 gpt over 3.00 m
The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. 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 with horizontal widths varying from 3.5 m to 35 m.
Drilling at the Black Fox Complex is progressing as planned with six drill rigs operating. Two drill rigs are infill drilling and testing along strike and down-dip on the Contact Zone, three drill rigs are expanding the 147 Zone, and one drill rig is focused on testing other known gold bearing structures, as well as new potential gold bearing targets defined from the recent induced polarization and magnetic geophysical surveys.
Details of the most recent Contact Zone drill holes are listed in Appendix 1 and a drill-hole location map is included in Appendix 2. 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, 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, all in the Township of Black River - 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.
Appendix 1: 2011 Drill Hole Assay Results at the Black Fox Complex's Contact Zone
Contact Zone 2011 Exploration Drilling
----------------------------------------------------------------------------------
Hole ID From To Core Zone Assay
(m) (m) Width True grams
(m) Width (m) Au/tonne
----------- ------ ------ ----- --------- --------
GF11-151 194.00 194.60 0.60 0.42 4.59
----------- ------ ------ ----- --------- --------
and 256.50 257.50 1.00 0.70 2.06
----------- ------ ------ ----- --------- --------
and 263.00 268.20 5.20 3.65 2.20
----------- ------ ------ ----- --------- --------
GF11-154 381.25 385.00 3.75 3.03 6.09
----------- ------ ------ ----- --------- --------
and 397.00 402.00 5.00 4.04 3.32
----------- ------ ------ ----- --------- --------
and 477.00 493.00 16.00 12.94 2.19
----------- ------ ------ ----- --------- --------
GF11-160 124.65 125.60 0.95 0.65 2.19
----------- ------ ------ ----- --------- --------
and 289.00 296.5 7.50 5.16 2.10
----------- ------ ------ ----- --------- --------
including 289.00 291.00 2.00 1.38 5.43
----------- ------ ------ ----- --------- --------
and 324.00 325.00 1.00 0.69 3.57
----------- ------ ------ ----- --------- --------
and 346.00 347.00 1.00 0.69 2.06
----------- ------ ------ ----- --------- --------
and 498.00 499.00 1.00 0.69 2.34
----------- ------ ------ ----- --------- --------
GF11-166 47.00 48.00 1.00 0.62 1.65
----------- ------ ------ ----- --------- --------
and 206.30 207.15 0.85 0.53 1.17
----------- ------ ------ ----- --------- --------
and 225.00 233.00 8.00 4.98 3.60
----------- ------ ------ ----- --------- --------
GF11-234 78.00 79.00 1.00 0.88 5.28
----------- ------ ------ ----- --------- --------
and 86.00 87.00 1.00 0.88 1.17
----------- ------ ------ ----- --------- --------
and 90.85 95.50 4.65 4.11 6.95
----------- ------ ------ ----- --------- --------
including 90.85 92.50 1.65 1.46 11.75
----------- ------ ------ ----- --------- --------
and 138.45 140.45 2.00 1.77 1.20
----------- ------ ------ ----- --------- --------
GF11-236 87.00 91.00 4.00 3.51 3.89
----------- ------ ------ ----- --------- --------
and 97.00 98.00 1.00 0.88 1.30
----------- ------ ------ ----- --------- --------
and 163.00 165.00 2.00 1.76 7.75
----------- ------ ------ ----- --------- --------
GF11-245(1) 81.00 83.00 2.00 1.50 2.37
----------- ------ ------ ----- --------- --------
and 88.00 94.00 6.00 4.50 16.18
----------- ------ ------ ----- --------- --------
including 91.00 92.00 1.00 0.75 83.04
----------- ------ ------ ----- --------- --------
and 101.00 108.00 7.00 5.26 2.21
----------- ------ ------ ----- --------- --------
and 112.00 127.57 15.57 11.70 1.30
----------- ------ ------ ----- --------- --------
including 112.00 116.00 4.00 3.00 2.57
----------- ------ ------ ----- --------- --------
(1) 60 assays pending
Appendix 2 available at: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6852184&lang=en Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6852184&lang=en
SOURCE: Brigus Gold Corp.
Brigus Gold Corp. Jennifer Nicholson, CA Vice President Investor Relations 902-422-1421 jnicholson@brigusgold.com
No comments:
Post a Comment