Brigus Gold Reports Third Quarter Financial Results
Brigus Gold Corp. ("Brigus" or the
"Company") (NYSE MKT: BRD) (TSX: BRD)
today reported financial results
for the third quarter ended September 30, 2013.
"Brigus delivered strong operating and financial results during quarter
three. The Black Fox mine achieved record gold production while costs
on a per ounce basis were at an all-time low, and lower than
guidance.Moving forward, our top priorities continue to be safe
production, cost management, and disciplined capital allocation,"
commented Wade Dawe, Brigus' Chairman and Chief Executive Officer. "I
am proud of our team's operational performance and the fact that our
workforce has worked over 1,400 days without a lost time incident."
Third Quarter 2013 Financial Highlights
--
Sold 28,344 ounces of gold, a 49% increase over Q3 2012
--
Cash costs of $617 and All in Sustaining Costs (AISC) of $992 per ounce
of gold sold (40% reduction)
--
Made long-term debt repayments of $4.9 million
--
Revenue of $36.9 million, a 22% increase over Q3 2012
--
Adjusted cash flow from operations of $15.5 million, a 38% increase over
Q3 2012
Third Quarter 2013 Operational Highlights
--
Produced 27,174 ounces of gold, a 39% increase over Q3 2012
--
Processed 207,559 tonnes of ore (2,256 tonnes per day) at 4.34 grams per
tonne and a 94% recovery
--
Averaged 811 tonnes per day from underground at an average grade of 5.69
grams per tonne
During the third quarter of 2013, income from mining operations was $5.9
million. AISC per ounce for the third quarter was $992 per ounce,
compared to $1,649 in the third quarter of 2012, a decline of $657 or
40%. Cash costs per ounce decreased by 15% from $728 per ounce in Q3
2012 to $617 per ounce in Q3 2013.
During the quarter the Company's cash balance increased to $21.1
million, compared to $20.9 million at the end of the previous quarter,
while the balance sheet was strengthened as long term debt was reduced. Income from mining operations on a year-to-date basis totalled $18.8
million, an increase of $4.7 million compared to the same period in
2012.The increase relates to the 47% increase in ounces sold and an
11% decrease in cash costs, offset by a 10% decrease in the average
realized gold price and 58% increase in depreciation and amortization
expense.
Total liabilities decreased by $23.7 million, from $188.7 million as of
December 31, 2012, to $165.0 million as of September 30, 2013, and
shareholders' equity increased from $232.6 million to $243.8 million
year to date.
Cost management continues to be a key focus for the Company.The Company
expects capital spending for mine development and other sustaining
capital to total $38.5 million in 2013, down from the original estimate
of $41.5 million in Q1 2013. The Company reviewed its long-term
capital requirements and is forecasting total capital spending on mine
development and sustaining capital of $20 - $25 million in 2014.
During the quarter, the Company announced an updated independent NI
43-101 resource estimate for the 147, Contact, and Grey Fox South
zones. The resource estimate included a constraining pit shell which
had not been included in the previous resource estimates.Highlights
include a total of 507,400 indicated ounces (255,000 relating to the
underground and 252,400 relating to the open pit) and 228,600 inferred
ounces (184,800 relating to the underground and 43,800 relating to the
open pit). The underground and open pit cut-off grades were set at
2.84 grams per tonne and 0.72 grams per tonne, respectively. The 147,
Contact and Grey Fox South zones remain open for future expansion and
drilling continues.
At Grey Fox, Brigus completed an additional 21,458 metres (46 drill
holes) of drilling since the June 30th cut-off date and initiated additional metallurgical studies to increase
gold recoveries from the 83 percent threshold, as previously
reported. Initial results from the ongoing test work have been
favourable. The Company is now planning to release a Preliminary
Economic Assessment for Grey Fox during the second quarter of 2014.
Exploration
Subsequent to quarter end, the Company released two high grade gold
intersections from underground drilling at Black Fox. Hole 645-34-W
assayed 18.09 grams per tonne gold over 37.80 metres, including 39.45
grams per tonne gold over 10.35 metres. This 37.80 metre mineralized
intercept is from a drill interval of 316.9 to 354.7 metres, and
remains open as the last sample at 354.7 metres graded 15.34 grams per
tonne gold. Therefore, the full thickness of this high grade intercept
is unknown at this time. Hole 645-34-W intersected high grade
mineralization 30 metres to the west of hole 645-01-W, which assayed
40.71 grams per tonne gold over 26.75 metres, including 103.20 grams
per tonne gold over 8.35 metres.In light of these positive exploration
results, we have recommenced underground exploration drilling at Black
Fox. 12 to 15 holes are planned and will target this new high grade
zone.
Third Quarter Webcast and Conference Call
A webcast and conference call will be held on Wednesday, November 13th at noon Atlantic Time (11:00 a.m. Eastern Time).
Analysts and other interested parties wanting to participate in the call
should dial 1-877-407-8133 (international 201-689-8040) at least 10
minutes prior to the start of the call. No pass code is required. The
teleconference will be recorded. If you are unable to join the
teleconference live, you can dial for playback, toll-free at
1-877-660-6853 (international 201-612-7415), please use conference ID
100499. The event will be archived and available for replay until
midnight on November 27, 2013. The teleconference will also be
accompanied by a presentation made available on the Company's website
at www.brigusgold.com.
This release should be read in conjunction with Brigus' 2013
third
quarter Financial Statements and Management's Discussion and Analysis
report at www.brigusgold.com. Brigus' unaudited 2013 third quarter
Financial Statements and
Management's Discussion and Analysis have been filed with Canadian
securities regulators (available at www.sedar.com) and with the U.S
Securities and Exchange Commission (available at www.sec.gov). Brigus
shareholders may obtain a copy of the financial documents free
of charge upon request to 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 Note to U.S. Investors Concerning Estimates of Mineral
Resources
This news release uses the term mineral "resources". The Company advises
U.S. investors that while these terms are defined in and required by
Canadian regulations, these terms are not defined terms under the U.S.
Securities and Exchange Commission ("SEC") Industry Guide 7 and are
generally not permitted to be used in reports and registration
statements filed with the SEC. The SEC generally only permits issuers
to report mineralization that does not constitute SEC Industry Guide 7
compliant "reserves" as in‐place tonnage and grade without reference to
unit measures. U.S. investors are cautioned not to assume that any part or all of
mineral deposits in these categories will ever be converted into
reserves.
Cautionary and Forward‐Looking Statements
Statements contained in this news release, which are not historical
facts, are forward‐looking statements that involve risks, 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 its
production, total cash costs, steady state annual production and mining
rate estimates; estimated average gold grades for the open pit and
underground operations; increase in gold production; increase in
profitability; exploration drill results and resource additions, are
forward‐looking statements and estimates that involve various risks and
uncertainties. This forward‐ looking statements include, or may be
based upon, estimates, forecasts, and statements as to management's
expectations with respect to, among other things, the outcome of legal
proceedings, 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'
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 40F 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.
SOURCE Brigus Gold Corp.
Showing posts with label Grey Fox Mine. Show all posts
Showing posts with label Grey Fox Mine. Show all posts
Wednesday, November 13, 2013
Monday, May 13, 2013
Brigus Gold Drills Deepest High Grade Intersection to Date at Grey Fox
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
Tuesday, April 9, 2013
Gold production up at Brigus Gold's Black Fox Mine.
Brigus Gold Exceeds Q1 Production Target9:15AM ET on Monday Apr 08, 2013 by Business Wire
Brigus Gold Corporation ("Brigus" or the "Company")(NYSE MKT: BRD; TSX: BRD) is pleased to announce record production levels of 26,316 gold ounces in the first quarter of 2013.
"Operationally Brigus has never been stronger," said Daniel Racine, Brigus' President and Chief Operating Officer. "Much of our production success can be attributed to the underground gold grades which continued to exceed reserve grades during the quarter."
Brigus Gold produced a total of 26,316 gold ounces in Q1 2013, a 16 percent increase from the 22,672 ounces produced in the fourth quarter of 2012 and a 56 percent increase over the same period in 2012.
The Black Fox mill processed 183,819 tonnes of ore at an average grade of 4.74 grams of gold per tonne and an average recovery of 94 percent in the quarter. Throughput averaged 2,042 tonnes per day.
The Company will release complete first quarter financial and operational results on May 14, 2013.
2013 Outlook In 2013, Brigus will fund Black Fox and Grey Fox operations with internally generated cash flows. Brigus' production guidance for 2013 is 90,000 to 100,000 ounces and cash costs are anticipated to be in the range of $700 - $750 per ounce.
Capital costs for 2013 are forecasted as follows; $16 million (M) for underground sustaining capital, $6M for development capital relating to the underground, $13M for open pit capital stripping and overburden removal, $6M for property plant, equipment and other capital items, $2.5M for underground exploration, and $12M for development of the Grey Fox Mine and exploration on the Black Fox Complex.
The Company remains focused on increasing gold resources at Grey Fox and at the Black Fox underground mine through targeted exploration drilling which will continue throughout the year.
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 is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has 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 contained 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 ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, 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' 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.
SOURCE: Brigus Gold Corporation
Brigus Gold Corporation ("Brigus" or the "Company")(NYSE MKT: BRD; TSX: BRD) is pleased to announce record production levels of 26,316 gold ounces in the first quarter of 2013.
"Operationally Brigus has never been stronger," said Daniel Racine, Brigus' President and Chief Operating Officer. "Much of our production success can be attributed to the underground gold grades which continued to exceed reserve grades during the quarter."
Operating Results First Quarter Change Fourth Quarter Change
----------------- --------------
2013 2012 2012
--------------------------- ------- ------- ------ -------------- -------
Tonnes milled 183,819 180,965 2,854 185,727 (1,908)
--------------------------- ------- ------- ------ -------------- -------
Tonnes per day 2,042 1,989 53 2,019 23
--------------------------- ------- ------- ------ -------------- -------
Average recovery (%) 94 96 (2) 94 -
--------------------------- ------- ------- ------ -------------- -------
Average grade (gpt) 4.74 3.04 1.70 4.04 0.70
--------------------------- ------- ------- ------ -------------- -------
Gold production (ounces) 26,316 16,922 9,394 22,672 3,644
--------------------------- ------- ------- ------ -------------- -------
Gold sold (ounces) 27,818 16,033 11,785 20,175 7,643
--------------------------- ------- ------- ------ -------------- -------
Gold price (US$/ ounce) (1) $1,626 $1,687 $(61) $1,712 $(86)
--------------------------- ------- ------- ------ -------------- -------
(1) Excludes the impact of sales under the Goldstream agreementBrigus Gold produced a total of 26,316 gold ounces in Q1 2013, a 16 percent increase from the 22,672 ounces produced in the fourth quarter of 2012 and a 56 percent increase over the same period in 2012.
The Black Fox mill processed 183,819 tonnes of ore at an average grade of 4.74 grams of gold per tonne and an average recovery of 94 percent in the quarter. Throughput averaged 2,042 tonnes per day.
The Company will release complete first quarter financial and operational results on May 14, 2013.
2013 Outlook In 2013, Brigus will fund Black Fox and Grey Fox operations with internally generated cash flows. Brigus' production guidance for 2013 is 90,000 to 100,000 ounces and cash costs are anticipated to be in the range of $700 - $750 per ounce.
Capital costs for 2013 are forecasted as follows; $16 million (M) for underground sustaining capital, $6M for development capital relating to the underground, $13M for open pit capital stripping and overburden removal, $6M for property plant, equipment and other capital items, $2.5M for underground exploration, and $12M for development of the Grey Fox Mine and exploration on the Black Fox Complex.
The Company remains focused on increasing gold resources at Grey Fox and at the Black Fox underground mine through targeted exploration drilling which will continue throughout the year.
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 is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has 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 contained 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 ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, 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' 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.
SOURCE: Brigus Gold Corporation
Brigus Gold Corporation
Kate Wood, (902) 442-7184
Manager, Investor Relations
kwood@brigusgold.com
Tuesday, March 19, 2013
Brigus Gold reports more high grade drilling results at new Grey Fox site!
Company News Alert
High Grade Drilling Results to Expand the Resource at Grey Fox (bwire)HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD; TSX: BRD) is pleased to report additional drilling results from its ongoing drill program at the 147 Zone, including high grade gold intercepts of 8.7 grams per tonne over 21 metres and 6.2 grams per tonne over 25 metres.
“It is clear that the Grey Fox resource is more significant than initially
reported,” said Howard Bird, Brigus' Senior Vice President of Exploration.
“These high grade drill results are located outside of our current resource
estimate and will expand the gold resource on the Grey Fox property.” Next quarter, the Company plans to release an updated NI 43-101 resource estimate on the Grey Fox property followed by a full feasibility study in Q3 2013.
Highlights from the 147 Zone which remains open for expansion:
| Hole Number |
From
(m)
|
To
(m)
|
Core Length
(m)
|
Gold Grade
grams/tonne |
Grams X Width | |||||||||||||||
| Open Pit Potential | ||||||||||||||||||||
| GF12-510 | 149.30 | 163.00 | 13.70 | 1.98 | 27 | |||||||||||||||
| GF12-514 | 168.00 | 195.25 | 27.25 | 2.97 | 81 | |||||||||||||||
| including | 168.00 | 173.00 | 5.00 | 11.88 | 59 | |||||||||||||||
| GF12-527 | 138.00 | 148.00 | 10.00 | 1.77 | 18 | |||||||||||||||
| GF12-533 | 167.00 | 175.00 | 8.00 | 2.92 | 23 | |||||||||||||||
| 190.00 | 211.00 | 21.00 | 8.72 | 183 | ||||||||||||||||
| Underground Potential | ||||||||||||||||||||
| GF12-566 | 218.30 | 223.00 | 4.70 | 12.42 | 58 | |||||||||||||||
| GF12-574 | 203.00 | 211.80 | 8.80 | 2.25 | 20 | |||||||||||||||
| 265.00 | 290.00 | 25.00 | 6.17 | 154 | ||||||||||||||||
| GF12-575 | 279.00 | 294.00 | 15.00 | 6.48 | 97 | |||||||||||||||
| GF12-639 | 434.00 | 445.00 | 11.00 | 5.35 | 59 | |||||||||||||||
“Currently we have four drill rigs turning on the 147 Zone and one rig on the Contact Zone,” said Bird. “Drill results are demonstrating excellent potential for both an open pit and underground mine on the Grey Fox property.”
Brigus' 2013 Grey Fox drilling program is designed to extend and expand both the 147 and Contact zones through systematic drilling along strike and below the 200m level. Recent drilling results from below the 200m level prove strong continuity in the down-dip especially with hole GF12-639 intersecting 5.35 grams per tonne gold over 11 metres at a vertical depth of 380 metres below surface.
Details of the most recent 147 Zone drill holes, the 147 Zone drill-hole location map and a long section map can be found 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 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 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.
Brigus Gold Corp.
Kate Wood, 902-442-7184
Manager, Investor Relations
kwood@brigusgold.com
Thursday, March 7, 2013
Graphene micro super capacitors will change the world according to UCLA Prof
University of California - Los Angeles
Now, Richard Kaner, a member of the California NanoSystems Institute
at UCLA and a professor of chemistry and biochemistry, and Maher
El-Kady, a graduate student in Kaner's laboratory, may have changed the
game.
The UCLA researchers have developed a groundbreaking technique that uses a DVD burner to fabricate micro-scale graphene-based supercapacitors — devices that can charge and discharge a hundred to a thousand times faster than standard batteries. These micro-supercapacitors, made from a one-atom–thick layer of graphitic carbon, can be easily manufactured and readily integrated into small devices such as next-generation pacemakers.
The new cost-effective fabrication method, described in a study published this week in the journal Nature Communications, holds promise for the mass production of these supercapacitors, which have the potential to transform electronics and other fields.
"The integration of energy-storage units with electronic circuits is challenging and often limits the miniaturization of the entire system," said Kaner, who is also a professor of materials science and engineering at UCLA's Henry Samueli School of Engineering and Applied Science. "This is because the necessary energy-storage components scale down poorly in size and are not well suited to the planar geometries of most integrated fabrication processes."
"Traditional methods for the fabrication of micro-supercapacitors involve labor-intensive lithographic techniques that have proven difficult for building cost-effective devices, thus limiting their commercial application," El-Kady said. "Instead, we used a consumer-grade LightScribe DVD burner to produce graphene micro-supercapacitors over large areas at a fraction of the cost of traditional devices. Using this technique, we have been able to produce more than 100 micro-supercapacitors on a single disc in less than 30 minutes, using inexpensive materials."
The process of miniaturization often relies on flattening technology, making devices thinner and more like a geometric plane that has only two dimensions. In developing their new micro-supercapacitor, Kaner and El-Kady used a two-dimensional sheet of carbon, known as graphene, which only has the thickness of a single atom in the third dimension.
Kaner and El-Kady took advantage of a new structural design during the fabrication. For any supercapacitor to be effective, two separated electrodes have to be positioned so that the available surface area between them is maximized. This allows the supercapacitor to store a greater charge. A previous design stacked the layers of graphene serving as electrodes, like the slices of bread on a sandwich. While this design was functional, however, it was not compatible with integrated circuits.
In their new design, the researchers placed the electrodes side by side using an interdigitated pattern, akin to interwoven fingers. This helped to maximize the accessible surface area available for each of the two electrodes while also reducing the path over which ions in the electrolyte would need to diffuse. As a result, the new supercapacitors have more charge capacity and rate capability than their stacked counterparts.
Interestingly, the researchers found that by placing more electrodes per unit area, they boosted the micro-supercapacitor's ability to store even more charge.
Kaner and El-Kady were able to fabricate these intricate supercapacitors using an affordable and scalable technique that they had developed earlier. They glued a layer of plastic onto the surface of a DVD and then coated the plastic with a layer of graphite oxide. Then, they simply inserted the coated disc into a commercially available LightScribe optical drive — traditionally used to label DVDs — and took advantage of the drive's own laser to create the interdigitated pattern. The laser scribing is so precise that none of the "interwoven fingers" touch each other, which would short-circuit the supercapacitor.
"To label discs using LightScribe, the surface of the disc is coated with a reactive dye that changes color on exposure to the laser light. Instead of printing on this specialized coating, our approach is to coat the disc with a film of graphite oxide, which then can be directly printed on," Kaner said. "We previously found an unusual photo-thermal effect in which graphite oxide absorbs the laser light and is converted into graphene in a similar fashion to the commercial LightScribe process. With the precision of the laser, the drive renders the computer-designed pattern onto the graphite oxide film to produce the desired graphene circuits."
"The process is straightforward, cost-effective and can be done at home," El-Kady said. "One only needs a DVD burner and graphite oxide dispersion in water, which is commercially available at a moderate cost."
The new micro-supercapacitors are also highly bendable and twistable, making them potentially useful as energy-storage devices in flexible electronics like roll-up displays and TVs, e-paper, and even wearable electronics.
The researchers showed the utility of their new laser-scribed graphene micro-supercapacitor in an all-solid form, which would enable any new device incorporating them to be more easily shaped and flexible. The micro-supercapacitors can also be fabricated directly on a chip using the same technique, making them highly useful for integration into micro-electromechanical systems (MEMS) or complementary metal-oxide-semiconductors (CMOS).
These micro-supercapacitors show excellent cycling stability, an important advantage over micro-batteries, which have shorter lifespans and which could pose a major problem when embedded in permanent structures — such as biomedical implants, active radio-frequency identification tags and embedded micro-sensors — for which no maintenance or replacement is possible.
As they can be directly integrated on-chip, these micro-supercapacitors may help to better extract energy from solar, mechanical and thermal sources and thus make more efficient self-powered systems. They could also be fabricated on the backside of solar cells in both portable devices and rooftop installations to store power generated during the day for use after sundown, helping to provide electricity around the clock when connection to the grid is not possible.
"We are now looking for industry partners to help us mass-produce our graphene micro-supercapacitors," Kaner said
(Ed Note: the video explains one of many potential aplications)
Video presentation
UCLA researchers develop new technique to scale up production of graphene micro-supercapacitors
While the demand for ever-smaller electronic devices has spurred the miniaturization of a variety of technologies, one area has lagged behind in this downsizing revolution: energy-storage units, such as batteries and capacitors.The UCLA researchers have developed a groundbreaking technique that uses a DVD burner to fabricate micro-scale graphene-based supercapacitors — devices that can charge and discharge a hundred to a thousand times faster than standard batteries. These micro-supercapacitors, made from a one-atom–thick layer of graphitic carbon, can be easily manufactured and readily integrated into small devices such as next-generation pacemakers.
The new cost-effective fabrication method, described in a study published this week in the journal Nature Communications, holds promise for the mass production of these supercapacitors, which have the potential to transform electronics and other fields.
"The integration of energy-storage units with electronic circuits is challenging and often limits the miniaturization of the entire system," said Kaner, who is also a professor of materials science and engineering at UCLA's Henry Samueli School of Engineering and Applied Science. "This is because the necessary energy-storage components scale down poorly in size and are not well suited to the planar geometries of most integrated fabrication processes."
"Traditional methods for the fabrication of micro-supercapacitors involve labor-intensive lithographic techniques that have proven difficult for building cost-effective devices, thus limiting their commercial application," El-Kady said. "Instead, we used a consumer-grade LightScribe DVD burner to produce graphene micro-supercapacitors over large areas at a fraction of the cost of traditional devices. Using this technique, we have been able to produce more than 100 micro-supercapacitors on a single disc in less than 30 minutes, using inexpensive materials."
The process of miniaturization often relies on flattening technology, making devices thinner and more like a geometric plane that has only two dimensions. In developing their new micro-supercapacitor, Kaner and El-Kady used a two-dimensional sheet of carbon, known as graphene, which only has the thickness of a single atom in the third dimension.
Kaner and El-Kady took advantage of a new structural design during the fabrication. For any supercapacitor to be effective, two separated electrodes have to be positioned so that the available surface area between them is maximized. This allows the supercapacitor to store a greater charge. A previous design stacked the layers of graphene serving as electrodes, like the slices of bread on a sandwich. While this design was functional, however, it was not compatible with integrated circuits.
In their new design, the researchers placed the electrodes side by side using an interdigitated pattern, akin to interwoven fingers. This helped to maximize the accessible surface area available for each of the two electrodes while also reducing the path over which ions in the electrolyte would need to diffuse. As a result, the new supercapacitors have more charge capacity and rate capability than their stacked counterparts.
Interestingly, the researchers found that by placing more electrodes per unit area, they boosted the micro-supercapacitor's ability to store even more charge.
Kaner and El-Kady were able to fabricate these intricate supercapacitors using an affordable and scalable technique that they had developed earlier. They glued a layer of plastic onto the surface of a DVD and then coated the plastic with a layer of graphite oxide. Then, they simply inserted the coated disc into a commercially available LightScribe optical drive — traditionally used to label DVDs — and took advantage of the drive's own laser to create the interdigitated pattern. The laser scribing is so precise that none of the "interwoven fingers" touch each other, which would short-circuit the supercapacitor.
"To label discs using LightScribe, the surface of the disc is coated with a reactive dye that changes color on exposure to the laser light. Instead of printing on this specialized coating, our approach is to coat the disc with a film of graphite oxide, which then can be directly printed on," Kaner said. "We previously found an unusual photo-thermal effect in which graphite oxide absorbs the laser light and is converted into graphene in a similar fashion to the commercial LightScribe process. With the precision of the laser, the drive renders the computer-designed pattern onto the graphite oxide film to produce the desired graphene circuits."
"The process is straightforward, cost-effective and can be done at home," El-Kady said. "One only needs a DVD burner and graphite oxide dispersion in water, which is commercially available at a moderate cost."
The new micro-supercapacitors are also highly bendable and twistable, making them potentially useful as energy-storage devices in flexible electronics like roll-up displays and TVs, e-paper, and even wearable electronics.
The researchers showed the utility of their new laser-scribed graphene micro-supercapacitor in an all-solid form, which would enable any new device incorporating them to be more easily shaped and flexible. The micro-supercapacitors can also be fabricated directly on a chip using the same technique, making them highly useful for integration into micro-electromechanical systems (MEMS) or complementary metal-oxide-semiconductors (CMOS).
These micro-supercapacitors show excellent cycling stability, an important advantage over micro-batteries, which have shorter lifespans and which could pose a major problem when embedded in permanent structures — such as biomedical implants, active radio-frequency identification tags and embedded micro-sensors — for which no maintenance or replacement is possible.
As they can be directly integrated on-chip, these micro-supercapacitors may help to better extract energy from solar, mechanical and thermal sources and thus make more efficient self-powered systems. They could also be fabricated on the backside of solar cells in both portable devices and rooftop installations to store power generated during the day for use after sundown, helping to provide electricity around the clock when connection to the grid is not possible.
"We are now looking for industry partners to help us mass-produce our graphene micro-supercapacitors," Kaner said
(Ed Note: the video explains one of many potential aplications)
Video presentation
Thursday, January 10, 2013
Brigus Gold Intersects more High Grade gold deposits at 147 Zone
(bwire)
HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD; TSX: BRD) reports that results from its ongoing drilling program at the 147 Zone on its Grey Fox property in the Gold District of Timmins, Ontario, Canada, include high grade intercepts of 14 grams per tonne over 35 metres and 4.7 grams over 29 metres.
Brigus Senior Vice President Exploration Howard Bird said, “These impressive drill hole intercepts are among the best returned from the 147 Zone. These results extend the ore body to a true vertical depth of 300 metres below surface and most importantly the zone remains open for further expansion.”
Highlights from the 147 Zone drill holes reported today (all assays capped at 100 gpt gold, average gold grades over core length widths) include:
These drill holes will add to the September 2012 resource estimate of 480,850
Indicated ounces and 91,061 Inferred ounces for the 147 and Contact zones.
Approximately 84 percent of the drill data used to compile the September 2012
resource estimate was within 200m of surface demonstrating excellent open pit
mining potential.
In 2013 Brigus will extend and expand both the 147 and Contact zones through systematic drilling below the 200m level and along strike. Bird said, “Today's results further demonstrate the excellent potential for significant resource additions.”
The 147, Contact and Grey Fox South zones are located on the Company's Grey Fox property on the southern portion of the Black Fox Complex. Planning is underway to develop this property into the Company's next mine. A full feasibility study on the Grey Fox property will be released during the second half of 2013. Brigus plans to commence production in early 2015.
To view lists details of the most recent 147 Zone drill holes, the 147 Zone drill-hole location map and three-dimensional models of the gold results, please visit the company's website at www.brigusgold.com.
Norex Drilling conducted surface drilling, supervised by the Brigus exploration team. All sample analyses reported here were performed using standard fire assay procedures by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America. 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 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.
Brigus Gold Corp.
Kate Wood
Manager, Investor Relations
(902) 442-7184
kwood@brigusgold.com
HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD; TSX: BRD) reports that results from its ongoing drilling program at the 147 Zone on its Grey Fox property in the Gold District of Timmins, Ontario, Canada, include high grade intercepts of 14 grams per tonne over 35 metres and 4.7 grams over 29 metres.
Brigus Senior Vice President Exploration Howard Bird said, “These impressive drill hole intercepts are among the best returned from the 147 Zone. These results extend the ore body to a true vertical depth of 300 metres below surface and most importantly the zone remains open for further expansion.”
Highlights from the 147 Zone drill holes reported today (all assays capped at 100 gpt gold, average gold grades over core length widths) include:
| Hole Number | From (m) | To (m) | Core Length (m) | Gold Assay (gpt) | Grams X Width | |||||
| GF12-485 | 186.50 | 190.30 | 3.80 | 5.00 | 19 | |||||
| 226.00 | 261.00 | 35.00 | 3.79 | 133 | ||||||
| including | 249.30 | 261.00 | 11.70 | 6.98 | 82 | |||||
| GF12-491 | 196.00 | 244.00 | 48.00 | 3.37 | 162 | |||||
| GF12-506 | 186.00 | 224.00 | 38.00 | 2.40 | 91 | |||||
| including | 189.80 | 195.00 | 5.20 | 6.83 | 36 | |||||
| GF12-587 | 246.00 | 267.00 | 21.00 | 6.00 | 126 | |||||
| including | 258.00 | 265.00 | 7.00 | 11.62 | 81 | |||||
| GF12-626 | 203.00 | 270.20 | 67.20 | 3.40 | 228 | |||||
| 300.90 | 320.00 | 19.10 | 1.26 | 24 | ||||||
| 328.00 | 357.40 | 29.40 | 4.68 | 138 | ||||||
| including | 330.00 | 332.00 | 2.00 | 13.73 | 27 | |||||
| including | 350.00 | 357.40 | 7.40 | 11.31 | 84 | |||||
| GF12-646 | 201.40 | 204.40 | 3.00 | 7.89 | 24 | |||||
| 343.00 | 378.00 | 35.00 | 13.97 | 489 | ||||||
| including | 367.00 | 375.00 | 8.00 | 47.28 | 378 | |||||
| 384.00 | 404.80 | 20.80 | 1.58 | 33 | ||||||
| including | 402.00 | 404.80 | 2.80 | 6.66 | 19 |
In 2013 Brigus will extend and expand both the 147 and Contact zones through systematic drilling below the 200m level and along strike. Bird said, “Today's results further demonstrate the excellent potential for significant resource additions.”
The 147, Contact and Grey Fox South zones are located on the Company's Grey Fox property on the southern portion of the Black Fox Complex. Planning is underway to develop this property into the Company's next mine. A full feasibility study on the Grey Fox property will be released during the second half of 2013. Brigus plans to commence production in early 2015.
To view lists details of the most recent 147 Zone drill holes, the 147 Zone drill-hole location map and three-dimensional models of the gold results, please visit the company's website at www.brigusgold.com.
Norex Drilling conducted surface drilling, supervised by the Brigus exploration team. All sample analyses reported here were performed using standard fire assay procedures by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America. 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 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.
Brigus Gold Corp.
Kate Wood
Manager, Investor Relations
(902) 442-7184
kwood@brigusgold.com
Tuesday, January 8, 2013
Brigus Gold Hits 2012 Production Target
HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”)(NYSE BRD; TSX: BRD) is pleased to announce record production levels of 22,672 gold ounces in the fourth quarter of 2012. The Company finished the year within the guidance set on February 21, 2012 of 77,000 – 85,000 ounces with a total of 77,374 ounces.
“We finished the year in a very strong position and are well poised for growth heading into the new year,” said Wade Dawe, Brigus' Chairman and Chief Executive Officer. “Gold production increased each quarter in 2012, a trend that will continue into 2013 as we reach annual steady state production levels.”
The Black Fox mill processed 185,727 tonnes of ore at an average grade of 4.04 grams of gold per tonne and an average recovery of 94 percent in the quarter. Throughput averaged 2,019 tonnes per day.
The Company will release complete fourth quarter and year-end financial and operational results on March 28, 2013.
2013 OUTLOOK
In 2013, Brigus will fund Black Fox and Grey Fox operations with internally generated cash flows. Mining operations will continue to be profitable and cash flow positive as gold production increases. Brigus' production guidance for 2013 is 90,000 to 100,000 ounces and cash costs are anticipated to stabilize in the range of $700 - $750 per ounce.
The Company remains focused on increasing gold resources at Grey Fox and at the Black Fox underground mine through targeted exploration drilling which will continue throughout the year.
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 is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has 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 contained 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 ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, 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' 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.
Brigus Gold
Kate Wood, (902) 442-7184
Manager, Investor Relations
kwood@brigusgold.com
Wednesday, November 28, 2012
More high grade Gold discovered at Grey Fox!
5 hours ago by Business Wire
Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD)
is pleased to announce that exploration drilling on the Company's Grey
Fox property continues to return high-grade gold assays from the 147
Zone.
The following table includes highlights from the drill holes reported today from the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):
The following table includes highlights from the drill holes reported today from the 147 Zone (all assays are capped at 100 gpt gold, average gold grades over core length widths):
Hole Number From To Core Length Gold Assay Grams X Width
------ ------ ----------- -----------
(m) (m) (m) grams/tonne
------ ------ ----------- -----------
GF12-489 142.00 143.30 1.30 47.41 62
----------- ------ ------ ----------- ----------- -------------
179.00 213.00 34.00 3.54 120
------ ------ ----------- ----------- -------------
including 187.00 193.00 6.00 14.19 85
----------- ------ ------ ----------- ----------- -------------
GF12-512 160.00 218.40 58.40 2.70 158
----------- ------ ------ ----------- ----------- -------------
including 195.00 206.00 11.00 8.05 89
----------- ------ ------ ----------- ----------- -------------
GF12-516 92.40 98.00 5.60 5.53 31
----------- ------ ------ ----------- ----------- -------------
183.00 222.00 39.00 6.33 247
------ ------ ----------- ----------- -------------
GF12-518 137.00 159.00 22.00 3.17 70
----------- ------ ------ ----------- ----------- -------------
176.00 208.70 32.70 2.13 70
------ ------ ----------- ----------- -------------
GF12-519 149.00 168.00 19.00 5.80 110
----------- ------ ------ ----------- ----------- -------------
including 156.00 162.00 6.00 14.68 88
----------- ------ ------ ----------- ----------- -------------
GF12-523 133.00 139.00 6.00 3.97 24
----------- ------ ------ ----------- ----------- -------------
172.80 176.00 3.20 38.30 123
------ ------ ----------- ----------- -------------
191.00 208.00 17.00 3.90 66
------ ------ ----------- ----------- -------------
GF12-553 203.00 205.60 2.60 42.78 111
----------- ------ ------ ----------- ----------- -------------
GF12-561 221.00 224.00 3.00 10.62 32
----------- ------ ------ ----------- ----------- -------------
300.50 358.00 57.50 5.17 297
------ ------ ----------- ----------- -------------
including 350.00 357.00 7.00 24.86 174
----------- ------ ------ ----------- ----------- -------------
"Drill results from the 147 Zone continue to return high gold grades
over wide intervals," said Howard Bird, Brigus' Senior Vice President of
Exploration. "Drilling is ongoing with four drill rigs working to expand
the gold resource on the Grey Fox property."
Brigus' Grey Fox property is located on the southern portion of the Black Fox Complex and is comprised of the 147, Contact and Grey Fox South zones. Planning is underway to develop this property into the Company's next mine. The Grey Fox Mine is expected to be in production by early 2015.
Over the past two years, exploration at Grey Fox has been very successful with the definition of a new 571,000 ounce resource including 480,850 ounces in the Indicated category from the Contact and 147 zones - adding more than 50 percent to the gold resource on the Black Fox Complex.
Details of the most recent 147 Zone drill holes and drill-hole location map can be found 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 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 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.
Brigus Gold Corp. Jennifer Nicholson, CA Executive Vice President Phone: (902) 442-7186 Email: jnicholson@brigusgold.com or Kate Wood Manager, Investor Relations Phone: (902) 442-7184 Email: kwood@brigusgold.com
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