High Grade Drilling Results Returned on the 147 and Contact Zones at Grey Fox

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High Grade Drilling Results Returned on the 147 and Contact Zones at Grey Fox

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 and Contact zones, including high grade gold intercepts of 5.2 grams per tonne (gpt) over 34.85 metres from the 147 Zone and 10.6 grams per tonne over 14.00 metres from the Contact Zone.

"These high grade drill results are more evidence of the rich ore body at Grey Fox," said Howard Bird, Sr. Vice President of Exploration. "We are confident that the exploration results from both the 147 and Contact zones will significantly increase the Company's total gold resource."

Highlights from the 147 Zone which remains open for expansion:

Hole Number From (m) To (m) Core Width (m) Gold Grade (gpt) Grams x Width Mining Potential
GF12-572 304.00 312.00 8.00 3.58 29 Underground
GF12-584 207.80 218.00 10.20 3.43 35 Underground
  230.00 237.00 7.00 4.08 29 Underground
GF12-610 196.00 230.85 34.85 5.21 182 Underground
GF12-611 224.00 263.00 39.00 4.55 177 Underground
  338.60 346.25 7.65 7.78 60 Underground
GF12-679 356.70 360.70 4.00 10.41 42 Underground
  397.70 404.70 7.00 3.14 22 Underground
GF13-686 258.50 270.00 11.50 4.99 57 Underground
GF13-688 331.90 338.90 7.00 7.83 55 Underground
GF13-690 260.70 265.60 4.90 6.13 30 Underground

All assays are capped at 100 gpt gold, average gold grades over core length widths.

 

Highlights from the Contact Zone which remains open for expansion:

Hole Number From (m) To (m) Core Width (m) Gold Grade (gpt) Grams x Width Mining Potential
GF12-590 170.30 194.00 23.70 3.50 83 Open Pit
GF12-593 117.10 126.00 8.90 4.50 40 Open Pit
  184.63 189.00 4.37 10.00 44 Open Pit
GF12-652 97.00 111.00 14.00 4.26 60 Open Pit
  257.00 273.00 16.00 8.67 139 Underground
GF12-656 188.00 200.00 12.00 4.44 53 Open Pit
GF12-657 117.00 121.70 4.70 6.19 29 Open Pit
GF12-658 133.40 141.15 7.75 4.39 34 Open Pit
GF12-659 258.00 270.00 12.00 9.46 114 Underground
  362.00 376.00 14.00 2.18 31 Underground
GF12-660 62.00 76.00 14.00 10.64 149 Open Pit
GF12-665 221.00 228.00 7.00 4.97 35 Underground
  242.00 255.00 13.00 4.31 56 Underground
  277.00 287.00 10.00 9.88 99 Underground
GF12-673 208.00 227.00 19.00 3.00 57 Open Pit

All assays are capped at 100 gpt gold, average gold grades over core length widths.

 

Today's drill holes will add to the resource estimate released in September 2012 that reported 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 200 m of surface demonstrating excellent open pit mining potential.

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. Brigus currently has four drill rigs turning to build a resource suitable for underground mining. An updated reserve report on the Grey Fox property will be issued this quarter and will include approximately 40,000 meters of drilling.

The core area of the 147 Zone extends for approximately 250 metres in a north‐south direction dipping at approximately 80 degrees to the east. Gold mineralization primarily occurs within multiple quartz carbonate brecciated zones within bleached units of variolitic mafic volcanics and other parallel footwall zones. Targeted drilling has intersected the 147 Zone at a vertical depth of approximately 380 m below surface with recently reported drill hole GF12-639 intersecting 5.35 grams per tonne gold over 11 metres. The 147 Zone remains open for further expansion.

The Contact Zone gold mineralization lies within approximately 450 metres of strike length and mineralization remains open along strike to the north and down dip. The Contact Zone consists of a steeply dipping mineralized fault contact between the north-south trending metasediments and mafic volcanic rocks, and includes parallel foot wall and hanging wall gold mineralized zones.

Details of the most recent 147 and Contact zones drill holes, along with drill hole location and long section maps 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 2013 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws. Source: Brigus Gold Corp.



Brigus Gold Corp.
Kate Wood, 902-442-7184
Manager, Investor Relations
kwood@brigusgold.com

KEYWORDS:   United States  North America  Canada  Colorado

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