Brigus Gold Corp.

Published : April 10th, 2012

Brigus Reports 26.83 Grams Per Tonne Gold over 15.50 Metres at the Contact Zone on the

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Cobalt |
Headline: Brigus Reports 26.83 Grams Per Tonne Gold over 15.50 Metres at the Contact Zone on the Black Fox Complex

Date: 04-10-2012

For a complete listing of our press releases, please click here

HALIFAX, Nova Scotia--(BUSINESS WIRE)-- Brigus Gold Corp. ("Brigus" or the "Company") (NYSE Amex: BRD; TSX: BRD) is pleased to announce that exploration drilling on the southern portion of the Black Fox Complex continues to return high-grade gold assays from the Contact Zone ("Contact Zone").

Highlights from drilling at the Contact Zone include (all uncut, average gold grades over core length widths):

                       
Hole Number       From

(m)

      To

(m)

      Core Width

(m)

      Gold Assay

grams/tonne

GF11-289       77.50       92.50       15.00       3.17
including       80.50       83.50       3.00       8.37
        134.65       150.65       16.00       1.91
GF11-302       49.85       79.30       29.45       1.66
including       52.85       55.85       3.00       6.65
and       62.85       65.30       2.45       4.04
        134.00       144.00       10.00       3.83
including       141.00       143.00       2.00       9.91
        168.30       182.60       14.30       2.26
including       168.30       172.62       4.32       4.70
and       180.60       182.60       2.00       4.83
GF11-307       155.00       172.00       17.00       3.88
including       155.00       164.60       9.60       6.11
GF11-319       139.15       148.60       9.45       5.59
including       139.15       143.00       3.85       8.43
GF11-326       129.50       145.00       15.50       26.83
including       134.00       145.00       11.00       36.87
and       135.00       136.60       1.60       168.88
GF112-481       69.55       92.00       22.45       4.08
including       69.55       70.55       1.00       27.90
and       77.85       78.85       1.00       19.90
 

"We are delighted with the continued high-grade drill results from the Contact Zone," said Howard Bird, Brigus' Vice President of Exploration. "Recent drilling has intersected the zone over wider than expected widths in some areas and the drill program continues to successfully convert Inferred ounces to Indicated ounces."

The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. To date, the Company has systematically explored 25 percent of the property and significant upside potential remains on the property. The Contact Zone consists of a steeply dipping gold mineralized fault contact between the north-south trending metasediments and mafic volcanic rocks, and other parallel hanging wall and footwall gold mineralized zones. The general dip of the feature is 78 degrees to the east. Brigus has outlined an area of mineralization approximately 450 m in strike length at the Contact Zone that remains open along strike to the north and open at depth.

The initial resource estimate for the Contact and 147 zones, as released in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex. Exploration drilling at the Black Fox Complex is progressing as planned with four drill rigs and an updated resource estimate on the Contact and 147 zones will be released in 2012.

The Contact and 147 zones provide Brigus with near term production growth opportunities because of their proximity to the Black Fox mine infrastructure.

Details of the most recent analytical results over 1 gpt gold from the Contact Zone drill holes are listed on the Company's website at www.brigusgold.com.

Surface drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

About Brigus

Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties 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.

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

Source: Brigus Gold Corp.

You are subscribed to Brigus Gold Corp. Investor Relations e-mail alerts as .com
To unsubscribe or edit existing alerts, please click here

If you are unable to click on the link(s) above, please copy and paste the URL(s) below into a web browser
http://www.snl.com/irweblinkx/news.aspx?iid=4288058
http://www.snl.com/irweblinkx/email.aspx?iid=4288058
Data and Statistics for these countries : Canada | Dominican Republic | Mexico | All
Gold and Silver Prices for these countries : Canada | Dominican Republic | Mexico | All

Brigus Gold Corp.

PRODUCER
CODE : BRD
ISIN : CA1094901024
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Brigus Gold is a gold producing company based in Canada.

Brigus Gold holds various exploration projects in Canada.

Its main asset in production is BLACK FOX in Canada, its main asset in development is GOLDFIELDS - BOX DEPOSIT in Canada and its main exploration properties are STOCK MINE, GOLDFIELDS - ATHONA DEPOSIT, GREY FOX, BOX, PIKE RIVER and ATHONA in Canada, PONTON DOMINICAN REPUBLIC, LA CUEVA, LOMA EL MATE, LOMA HUECA and AMPLIACION PUEBLO VIEJO in Dominican Republic and IXHUATAN, HUIZOPA and IXHUATÁN - CAMPAMENTO in Mexico.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Brigus Gold Corp.
10/30/2012Brigus Gold Closes $30 Million Bought Deal Debt Financing
2/23/2012Brigus Gold Corp. Announces $15 Million Bought Deal Equity F...
12/5/2011Completes $8,170,000 Flow-Through Share Financing
3/24/2011Completes US$50 Million Bought Deal of Convertible Debentur...
3/17/2011Brigus Gold Announces Filing of Final Prospectus
3/4/2011Bought deal financing for US$50 million principal
Nominations of Brigus Gold Corp.
8/27/2013A Letter from Brigus Gold's Chairman and Chief Executive Off...
7/25/2012Brigus Appoints Daniel Racine as COO
4/25/2012A Letter from Brigus Gold’s President and Chief Executive Of...
3/7/2011Jennifer Nicholson has been appointed Vice President, Invest...
2/9/2011Dana Hatfield appointed Chief Financial Officer following re...
Financials of Brigus Gold Corp.
11/12/2013Reports Third Quarter Financial Results
5/13/2013Brigus Gold Reports Strong First Quarter 2013 Financial Resu...
3/27/2013Brigus Gold Reports Fourth Quarter and 2012 Financial Result...
8/10/2012Brigus Gold Reports Q2 Financial Results
3/29/2012Brigus Gold Reports 2011 Financial Results
10/14/2011Brigus Gold Provides Third Quarter Update
8/16/2011Releases Q2 Financial Results
7/20/2011Brigus Gold Provides Second Quarter Update
4/3/2011(angl) reports operating income of $7.8 million for the year...
Project news of Brigus Gold Corp.
1/13/2014Reports Annual Production of 98,710 Ounces of Gold
11/1/2013Brigus Drills 18.09 gpt Gold Over 37.80 Metres & Announces U...
10/8/2013Reports Q3 Production Results
7/2/2013Brigus Gold Reports Grey Fox Resource of 507,400 Indicated O...
6/4/2013(Grey Fox)Brigus Gold Reports High Grade Gold Results from Grey Fox So...
5/8/2013(Grey Fox)Brigus Gold Drills Deepest High Grade Intersection to Date a...
4/29/2013(Black Fox)Brigus Gold Reports High Grade Drill Results at Black Fox
4/8/2013Brigus Gold Exceeds Q1 Production Target
4/2/2013(Grey Fox)High Grade Drilling Results Returned on the 147 and Contact ...
3/18/2013(Grey Fox)High Grade Drilling Results to Expand the Resource at Grey F...
1/7/2013Brigus Gold Hits 2012 Production Target
10/10/2012CORRECTING and REPLACING Brigus Gold Reports Q3 Production a...
9/20/2012(Grey Fox)Brigus Gold Reports 480,850 Indicated Ounces in New Grey Fox...
9/10/2012Brigus Gold Makes New High-Grade Gold Discovery
9/4/2012Brigus Gold’s 147 Zone Continues to Return High-Grade Gold R...
8/23/2012Brigus Gold Reports Further High Grade Gold Results from the...
7/10/2012Brigus Gold Meets Q2 Production Target
6/12/2012Brigus Releases High-Grade Exploration Results
4/5/2012Brigus Gold Hits Q1 Production Target
3/14/2012High-Grade Gold Assays Continue at Brigus Gold’s 147 Zone
2/2/2012Infill Drilling at 147 Zone Returns Excellent Gold Assays
9/7/2011Brigus Reports High-Grade Gold Assays at the Contact Zone of...
9/7/2011Brigus Reports High-Grade Gold Assays at the Contact Zone of...
7/28/2011(Black Fox)Brigus Continues to Intersect High Grade Gold at the 147 Gol...
6/23/2011Mill Expansion News from Brigus Gold
6/20/2011(Black Fox)Exploration News from Brigus Gold
6/7/2011Brigus Gold Provides Black Fox Mine Update
3/29/2011(Black Fox)Completes Construction of Underground Infrastructure
2/28/2011(Black Fox)Intersects High-Grade Gold Mineralization at Black Fox Compl...
2/28/2011Brigus Gold Intersects High-Grade Gold Mineralization at Bla...
2/23/2011(Black Fox)Completes New Ventilation Raise and Prepares for Commercial ...
1/12/2011(Black Fox)Positive Exploration Drilling Results Continue at Brigus Gol...
1/6/2011(Black Fox)Provides Updated Black Fox Mine Technical Report and Update ...
Corporate news of Brigus Gold Corp.
1/31/2014Primero - Primero and Brigus Announce Mailing of Information...
1/31/2014Primero And Brigus Announce Mailing Of Information Circulars...
12/16/2013Primero - Primero to Acquire Brigus Gold and Create a Divers...
12/16/2013Primero To Acquire Brigus Gold And Create A Diversified, Ame...
12/12/2013(Grey Fox)Discovers New Zone at Grey Fox
10/17/2013Brigus Drills 40.71 gpt Gold Over 26.75 Metres at Black Fox ...
8/12/2013Brigus Gold Reports Second Quarter Financial Results and Inc...
7/9/2013Brigus Gold Reports Q2 Production Results
6/19/2013Brigus Reports High Grade Drilling Results at the 147 Zone
5/31/2013Brigus Gold Resumes Milling Operations
5/22/2013Brigus Gold Reports Temporary Suspension of Milling Operatio...
1/9/2013Brigus Gold Intersects High Grades at 147 Zone
11/12/2012Brigus Gold Reports Q3 Financial Results
10/25/2012Brigus Gold Provides Exploration Update
10/10/2012Brigus Gold Reports Q3 Production and Goldstream Repurchase
9/6/2012Brigus Gold Provides Corporate Update
8/31/2012Brigus Gold Completes Sale of Calais Notes
7/18/2012Brigus Gold Reports 11.68 GPT Gold Over 26.0 Meters from 147...
5/30/2012(Black Fox)Brigus Reports High Grade Gold Results at the Contact Zone o...
5/28/2012(Black Fox)Brigus Gold Resumes Milling Operations at Black Fox
5/25/2012Brigus Gold Reports Temporary Suspension of Milling Operatio...
5/7/2012Brigus Gold Agrees to Sell Calais Notes for USD $6.0 Million
5/3/2012Brigus Gold is on Track to Hit Q2 Production Target
4/17/2012Brigus Gold Reports 5.95 Grams Per Tonne Gold over 56.7 Metr...
4/10/2012Brigus Reports 26.83 Grams Per Tonne Gold over 15.50 Metres ...
3/20/2012(Black Fox)Brigus Gold Reports Continued Progress at Black Fox
2/21/2012Brigus Gold Provides Operations Update
1/11/2012Brigus Reports Additional High-Grade Gold Assays from the 14...
1/3/2012Brigus Announces Management Changes
12/21/2011Brigus Gold Provides Fourth Quarter Update
12/15/2011Brigus Increases Black Fox Complex Resource by More Than 50%...
12/14/2011Adopts New Shareholder Rights Plan
11/29/2011Brigus Reports Additional High-Grade Gold Assays
9/16/2011Added to S&P/TSX Indices
7/6/2011Brigus Expands New 147 Gold Zone at Depth at Black Fox Compl...
7/6/2011Brigus Gold Corp. Press Release: Brigus Expands New 147 Gol...
5/19/2011Brigus Shareholder Meeting, CEO's Letter to Shareholders & N...
5/16/2011from Brigus Gold
5/16/2011ISS Recommends Approval of All of Brigus Gold's Proxy Propos...
5/13/2011Announces Changes to Two Proxy Items for Approval at its Ann...
4/26/2011from Brigus Gold
3/30/2011Sandstorm Gold Announces the Completion of Underground Const...
2/10/2011Brigus at the MoneyShow Orlando
1/27/2011and GLR Resources Agree on Equipment Contract
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AMEX (BRD)
10.72-0.41%
AMEX
US$ 10.72
10/11 16:26 -0.040
-0.41%
Prev close Open
10.76 10.79
Low High
10.72 10.79
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
10.38 -  10.89 3.18%
Volume 1 month var.
2,203 -%
24hGold TrendPower© : -31
Produces Gold
Develops Gold
Explores for Copper - Gold - Molybdenum - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 8/4/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.19%
20235.00%11.2510.20
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.87+2.34%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :