Brigus Gold Makes New High-Grade Gold Discovery

3 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 southern portion of the Black Fox Complex confirms a new multiple horizon gold zone within the Grey Fox South gold mineralized corridor located approximately 400 metres to the east and running sub-parallel to the 147 Zone.

The following table includes highlights from the drill holes reported today from the new Grey Fox South Zone (all uncut, average gold grades over core length widths):

 Hole Number  From     To    Core Width   Gold Assay
-----------  ------  ------  ----------  -----------
               (m)     (m)       (m)      grams/tonne
             ------  ------  ----------  -----------
  GF11-393    83.40   92.00     8.60         2.10
-----------  ------  ------  ----------  -----------
             163.00  165.00     2.00         10.20
             ------  ------  ----------  -----------
             185.00  297.00    112.00        1.89
             ------  ------  ----------  -----------
  including  230.54  261.00     30.46        2.85
-----------  ------  ------  ----------  -----------
     and     276.00  289.00     13.00        4.63
-----------  ------  ------  ----------  -----------
  GF11-401   136.00  156.00     20.00        4.72
-----------  ------  ------  ----------  -----------
  GF11-408   139.00  147.00     8.00         1.57
-----------  ------  ------  ----------  -----------
             163.00  167.00     4.00         3.07
             ------  ------  ----------  -----------
             268.00  293.00     25.00        6.30
             ------  ------  ----------  -----------
  including  269.00  278.00     9.00         13.38
-----------  ------  ------  ----------  -----------
  GF11-409   201.80  215.00     13.20        1.89
-----------  ------  ------  ----------  -----------
             298.00  312.42     14.42        1.45
             ------  ------  ----------  -----------
  GF12-559    80.00   85.90     5.90         4.67
-----------  ------  ------  ----------  -----------
             296.50  308.45     11.95        7.34
             ------  ------  ----------  -----------
  GF12-563   152.00  168.45     16.45        1.93
-----------  ------  ------  ----------  -----------
             295.50  299.00     3.50         41.79
             ------  ------  ----------  -----------
  GF12-573    75.00   78.00     3.00         4.27
-----------  ------  ------  ----------  -----------
             300.53  307.30     6.77         3.42
             ------  ------  ----------  -----------
  GF12-580   124.00  134.75     10.75        4.96
-----------  ------  ------  ----------  -----------
  including  124.50  127.55     3.05         14.13
-----------  ------  ------  ----------  -----------

"We are very excited to announce the discovery of another high-grade gold zone within the Grey Fox property of the Black Fox Complex," said Howard Bird, Senior Vice President Exploration Brigus. "This discovery has the potential to significantly increase the Company's gold resources."

Drilling has intersected the gold mineralized trend over a 275 metre strike length. The zone remains open in all directions. Currently two drilling rigs are focused on defining the orientation and size of gold mineralized shoots and extending the mineralization along strike.

The Grey Fox South Zone, the 147 Zone and the Contact Zone all occur within close proximity of each other and provide Brigus with near term production growth opportunities because of their proximity to the Black Fox Mine infrastructure. The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario.

Planning is underway to develop the Grey Fox Mine located on the southeast portion of the Black Fox Complex. The initial resource estimate from this area, announced in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex. Brigus is in the process of expanding the resource and converting Inferred ounces to Indicated ounces through systematic in-fill drilling. An updated resource estimate will be released later this month. Initial engineering studies have been initiated and will continue through 2012 to determine project economics as well as development and production timelines. A preliminary economic assessment ("PEA") for Grey Fox will be released in Q4, and will incorporate the new resource.

Details of the most recent Grey Fox South 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 gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has granted Cangold Limited the option to acquire a 75% interest in the Company's Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.
Cautionary and Forward-Looking Statements

Statements in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox resources, advance new discoveries to production, convert resource estimates into near-term production, release of an updated mineral resource estimate in 2012 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

SOURCE: Brigus Gold Corp.

Brigus Gold Corp. 
Jennifer Nicholson, CA, 902-442-7186 
Executive Vice President 
jnicholson@brigusgold.com 
or 
Katherine Burgess, 902-442-7184 
Manager, Stakeholder Relations 
kburgess@brigusgold.com

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BMO Economics - Top Ten Interesting Facts of 2011 and Predictions for 2012

BMO Financial Group

TSX : BMO
NYSE : BMO

December 26, 2011 09:00 ET

TORONTO, ONTARIO--(Marketwire - Dec. 26, 2011) - To celebrate the New Year, BMO's Deputy Chief Economist, Doug Porter, has offered up five interesting facts from 2011, and five predictions for 2012.

2011 INTERESTING FACTS:
Canada grew faster than Brazil in the past year. Despite a series of challenges both in Canada and globally, the Canadian economy likely grew 2.3 per cent, close to expectations and not far from its long-run average. Over the latest four quarters, GDP is up 2.4 per cent year-over-year, outpacing not just most major industrialized economies (the U.S. was up 1.5 per cent and the Eurozone 1.4 per cent), but even the 2.1 per cent advance in emerging market darling Brazil over the same period.

The Canadian dollar was the weakest currency in the G10 in the past year. Global investors were not so impressed with the Canadian dollar in 2011, driving the currency down more than 2 per cent on the year. So, not only did the loonie weaken against the U.S. dollar and the disaster-hit Japanese yen (which was in fact the strongest major currency this year), but even against the beleaguered euro.

The U.S. government faced its lowest borrowing costs since the early 1950s. Despite political difficulties throughout the year, the first credit rating downgrade of U.S. government debt in history, the intense focus on deficits and debt, and 3 per cent-plus inflation, 10-year Treasury yields averaged less than 2.8 per cent in 2011 and ended the year close to all-time lows around 2 per cent.

Gold was the top-performing commodity in 2011, but also a drag on the TSX. Despite record gold, silver and copper prices at various stages this year, and the early-year sprint in oil above $100, commodity prices sagged overall in 2011. For instance, the Commodity Research Bureau Index fell more than 8 per cent, with natural gas, nickel and lumber all down more than 20 per cent (all are important commodities for Canada). Accordingly, the materials sector was the second weakest in the TSX this year ("topped" only by tech), with even gold stocks down more than 15 per cent.

Canadian inflation rose at the fastest pace in 20 years in 2011. With one month to go, it looks like the consumer price index will rise by almost 3 per cent this year, the fastest annual increase since 1991 (the year of the GST and the year the Bank of Canada began targeting inflation). This year's increase was pumped up by sales tax increases, but even ex-tax inflation was nearly 2.5 per cent, despite a soggy economy and a lingering output gap.

2012 PREDICTIONS:
The North American economy will decouple from recession in Europe. There are two distinct calls here: European GDP will contract roughly 1 per cent in 2012, after growing 1.5 per cent in 2011; and North America will partly avoid the downdraft. The most encouraging development in recent months is the ability of the U.S. economy to gather modest momentum in the face of Europe's deepening woes. However, we continue to look for sub-par growth in both Canada and the U.S. of 2 per cent next year, keeping jobless rates little changed. Notably, the U.S. economy should grow faster than Canada for the first time in seven years.

Housing will add to U.S. growth in 2012. After declining relentlessly for six consecutive years, and dropping to a record low of barely a 2 per cent share of GDP, residential construction is finally poised to add - albeit slightly - to U.S. growth next year. Homebuilder sentiment is slowly improving, home sales are creeping off the bottom, and rising rents are spurring construction of multiple-unit buildings. In a related development, we also look for consumer spending to grow faster in the U.S. than in Canada for the second year in a row. With U.S. job growth finally catching up to Canada, and plenty of pent-up demand, there is simply more runway for U.S. consumers.

The Bank of Canada will have its longest period of inactivity since the 1950s. Given the sluggish external growth backdrop and a tapped-out domestic consumer, as well as a Fed that seems poised to lower interest rates in the next 18 months, we see the Bank of Canada on hold through 2012. In fact, there is likely more chance of a Bank of Canada rate cut than a hike in the next year. But note that the Bank of Canada was the only G10 central bank that did not take any easing steps in 2011. If the Bank of Canada does stand aside, that would leave rates on hold for at least 28 months, the longest stretch of stable Canadian interest rates since the early 1950s.

China's trade surplus will narrow markedly. With inflation pressures finally cracking, and growth prospects in the rest of the world sagging notably, China's policymakers took initial steps to ease monetary policy in late 2011. There should be more aggressive easing next year which, combined with a 5 per cent appreciation of the yuan in the past year and weaker demand from Europe, should help cut into the trade surplus next year.

Vancouver will not be the hottest housing market in Canada in 2012. Despite the intense focus on the city as a bubble candidate as far back as 2010, Vancouver still saw the biggest average price increases (+16 per cent) and the biggest real estate volume gains (sales & price gains combined) in Canada this year. That won't be repeated next year - there are already clear signs that sales are dipping, and price increases are starting to ebb. Toronto has seized the mantle of hottest major market in recent months, and appears to be at some risk of overheating. Meantime, the award for most well-behaved market is a tie between Calgary and Edmonton, which have seen stable prices in recent years even as Alberta easily recorded the strongest employment growth in the country in 2011. Assuming oil prices hold around $90 or better, look for those two cities to lead the way for hottest housing markets in 2012.

The complete article can be seen in BMO Economics' Focus feature, at http://www.bmonesbittburns.com/economics/focus/recent/111223doc.pdf.
(Note: all data accurate as at December 22, 2011)

Contact Information

Media contacts:
Peter Scott
416-867-3996
PeterE.Scott@bmo.com

Ronald Monet
514-877-1873
ronald.monet@bmo.com

Laurie Grant
laurie.grant@bmo.com
604-665-7596

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Alberta Oil Sands Announces Clearwater Contingent Resource Evaluation

Image via WikipediaSEDAR: November 2011

Alberta Oilsands Inc. (“AOS” or the “Company”) (TSXV‐AOS) announces that GLJ Petroleum Consultants (“GLJ”) has recently completed a resource evaluation report (the “GLJ Report”) dated November 22, 2011 and effective September 30, 2011, for the Company’s Clearwater property, located south and east of the City of Fort McMurray.

The GLJ Report did not assign reserves. GLJ has assessed contingent resources of 373 million barrels in the best estimate case. The assessment reaffirms the magnitude and quality of the bitumen resources attributed to the Clearwater property and updates and supersedes all previous reports assigning probable reserves and contingent resources to the Company’s Clearwater property.

The GLJ Report was prepared using recently acquired information from AOS’ winter 2011 exploration program. The resource assessment includes bitumen resources attributed to the additional bitumen rights (“lands”) purchased by AOS in November of 2010. Approximately 6 sections of the AOS Clearwater lands are deemed to meet GLJ’s criteria for a contingent resource assessment. Consistent with AOS’ current intentions, the report is based on development of the resource using Solvent Low Pressure Steam Assisted Gravity Drainage (SLP‐SAGD).

The recoverable volumes have been classified as contingent resources, not reserves, pending successful piloting of the SLP‐SAGD technology, further delineation drilling, facility design, regulatory approvals and firm development plans. AOS continues to pursue regulatory approval for its SLP‐SAGD recovery project as the next step in bringing these resources to production.

About Alberta Oilsands Inc.
Alberta Oilsands is engaged in the exploration and development of bitumen in the Athabasca oil sands region of northeast Alberta. Its head office is located in Calgary, Alberta, Canada and Alberta Oilsands' common shares are traded on the TSX Venture Exchange under the trading symbol AOS.
For further information, please contact:
Jack Crawford, Chairman
(403) 232‐3341
E‐mail: jcrawford@aboilsands.ca
Andrew Constantinidis, Vice President Finance and Business Development
403‐538‐3191
Email: aconsta@aboilsands.ca
Website: www.aboilsands.ca.

Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political and regulatory matters or a lack of markets. It is also appropriate to classify as contingent resources the estimated discovered recoverable quantities associated with a project in the early evaluation stage. There is no certainty
that it will be commercially viable to produce any portion of the contingent resources described herein.

Cautionary Note Regarding Forward‐Looking Statements

Except for the statements of historical fact contained herein, certain information presented herein constitutes “forward‐looking statements”. The forward‐looking statements contained in this document are solely opinions and forecasts which are uncertain and subject to risks. Forward‐looking statements include but are not limited to uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. These forward‐looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: non‐performance of agreements in accordance with their terms; the impact of competition;
commodity prices; regulatory environment and inability to obtain required regulatory approvals; tax laws and treatment; the ability of the Company to raise sufficient capital to complete future projects and satisfy future commitments; labour and material shortages; and certa n other risks detailed from time to time in the Company’s public disclosure documents including, among other things, those detailed under the heading “Risk Factors” in the annual information form of the Company for the year ended December 31, 2010 dated May 31, 2011 which can be found at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned that the assumption used in the preparation of the forward‐looking statements, although considered reasonable at the time of preparation may prove to be imprecise and, as such undue reliance should not be placed on forwardlooking statements.

The forward‐looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaim any intention and assume no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Cougar Oil and Gas upgraded in Analysts estimates - Alberta Oil Sands Junior seeks AMEX listing!

Oil and Gas Investors Reacting to Positive Corporate Developments

NEW YORK--(BUSINESS WIRE)-- (Investrend Research Syndicate) -- Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to StarMine, has issued an update on Cougar Oil and Gas Canada, Inc. (OTCBB: COUGF) in a four-page report dated January 24, 2011, which includes an updated 18-month stock target valuation and analyst's rating/recommendation.

The full report includes important disclosures, disclaimers and analyst information. Investrend and SISM Research both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. Investrend and SISM Research both further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor’s total investigative process. More about ratings and valuations is available via Investrend (at http://www.investrend.com/ratings).

A complimentary copy of the report is available for download via Investrend Syndications (at http://www.investrend.com/sism) as well as via the SISM Research website (at http://www.sism.com/researchreportscougar.htm).

According to Schlotter’s report: