May 2013 by Business Wire
Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD)
is pleased to report additional results from its ongoing drill program
at the 147 Zone on the Grey Fox property. Results from this drill
program will increase the current gold resource and further confirm the
potential for both a new open pit and underground mine. The Grey Fox
property is located approximately four kilometres southeast of Brigus'
Black Fox mine and boasts excellent infrastructure. Due to the close
proximity of Grey Fox to the Black Fox mine, the Company sees potential
for near term production growth.
"These impressive results further extend the 147 Zone orebody and it remains open for expansion at depths beyond 400 metres vertical," said Howard Bird, Brigus' Senior Vice President of Exploration. "Four drill rigs will continue resource expansion drilling on the 147, Contact and Grey Fox South zones for the remainder of the year."
The Company plans to release an updated NI 43-101 resource estimate for the Grey Fox property later in the quarter.
Highlights from the 147 Zone which remains open for expansion:
All assays are capped at 100 gpt gold, average gold grades over core length widths.
Details of the most recent 147 Zone drill holes are listed in Appendix 1, the 147 Zone drill-hole location map is included in Appendix 2 and a long section map can be found in Appendix 3. 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 Gold
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 also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.
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 or Grey 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. Source: Brigus Gold Corp.
Appendix 1: Most recent drill hole assay results at the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):
SOURCE: Brigus Gold Corp.
"These impressive results further extend the 147 Zone orebody and it remains open for expansion at depths beyond 400 metres vertical," said Howard Bird, Brigus' Senior Vice President of Exploration. "Four drill rigs will continue resource expansion drilling on the 147, Contact and Grey Fox South zones for the remainder of the year."
The Company plans to release an updated NI 43-101 resource estimate for the Grey Fox property later in the quarter.
Highlights from the 147 Zone which remains open for expansion:
Hole Number From To Core Length Gold Assay Gram X Tonne
------ ------ ----------- ----------
(m) (m) (m) gram/tonne
------ ------ ----------- ----------
GF12-698 154.20 163.00 8.80 12.86 113
----------- ------ ------ ----------- ---------- ------------
GF13-709 99.00 144.00 45.00 1.92 86
----------- ------ ------ ----------- ---------- ------------
284.00 299.00 15.00 3.78 57
------ ------ ----------- ---------- ------------
317.00 324.00 7.00 11.66 82
------ ------ ----------- ---------- ------------
GF13-713 381.00 401.00 20.00 23.05 461
----------- ------ ------ ----------- ---------- ------------
467.00 481.00 14.00 5.20 73
------ ------ ----------- ---------- ------------
GF13-719 396.35 403.00 6.65 12.14 81
----------- ------ ------ ----------- ---------- ------------
GF13-728 264.00 278.00 14.00 28.54 400
----------- ------ ------ ----------- ---------- ------------
All assays are capped at 100 gpt gold, average gold grades over core length widths.
Details of the most recent 147 Zone drill holes are listed in Appendix 1, the 147 Zone drill-hole location map is included in Appendix 2 and a long section map can be found in Appendix 3. 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 Gold
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 also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.
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 or Grey 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. Source: Brigus Gold Corp.
Appendix 1: Most recent drill hole assay results at the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):
SOURCE: Brigus Gold Corp.
Brigus Gold Corp. Morgan Tyghe, (416) 214-9867 Director of Investor Relations mtyghe@brigusgold.com
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