Brigus Gold Corp.

Published : June 20th, 2011

Exploration News from Brigus Gold

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Brigus Intersects 4165 gpt at New 147 Gold Zone at Black Fox Complex
 
Halifax, Nova Scotia; June 20, 2011�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 excellent gold assays over significant widths within the new 147 gold zone (�147 Zone�), including 3.96 grams per tonne (�gpt�) over 50.00 metres (�m�) that included 6.82 gpt over 20.00 m. In addition, bonanza grade gold mineralization of 2078.73 gpt over 2.00 m that included 4165.15 gpt over 1.00 m, and 61.78 gpt over 4.0 m that included 243.43 over 1.0 m was intersected in the footwall side of the 147 Zone.
 
Highlights from continued drilling at the 147 Zone target include (all uncut, average gold grades over core length):
 
147 Zone
 

  • GF11-182:
    • 0.92 gpt over 46.20 m;
      • including 2.23 gpt over 15.00 m

 

  • GF11-191:
    • 2078.73 gpt over 2.00 m;  
      • including 4165.15 gpt over 1.00 m; and
    • 61.78 gpt over 4.00 m;
      • including 243.43 gpt over 1.00 m

 

  • GF11-192:
    • 3.59 gpt over 17.00 m;
      • including 5.42 gpt over 7.00 m; and
    • 3.34 gpt over 11.00 m;
      • including 5.60 gpt over 6.00 m

 

  • GF11-194:
    • 3.96 gpt over 50.00 m;
      • including 6.82 gpt over 20.00 m

 
 
The 147 Zone is located on the southern portion of Brigus� 100%-owned Black Fox Complex, four kilometres from the Company�s Black Fox gold mine.  The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. The 147 Zone gold mineralization primarily occurs within multiple quartz and carbonate healed brecciated zones within bleached units of mafic volcanics.
 
 �Continued excellent assays, now at 170 metres below surface, are very encouraging,� said Howard Bird, VP Exploration Brigus. �These results significantly expand the size of the 147 Zone.�
 
Drilling at the 147 Zone is progressing as planned with four drill rigs, and the Zone remains open in all directions. The fifth drill rig is currently testing a deep IP geophysical target, which sits below the gold mineralized Contact Zone.
 
The location of the most recent drill hole results in relation to the 147 Zone discovery drill hole are as follows: hole GF11-182 was collared approximately 85 m northeast of hole GF11-147, GF11-191 was collared approximately 75 m southeast of hole GF11-147, hole GF11-192 was collared approximately 135 m southeast of hole GF11-147, while hole GF11-194 was collared approximately 150 m southeast of hole GF11-147 and approximately 25 m east of hole GF11-192 reported in this release.
 
The 147 Zone drill holes are located below and a picture of visible gold mineralization in hole GF11-191 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, as well as the Black Fox Mill, 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 Gold holds a 100 percent interest in the Ixhuatan Project located in the state of Chiapas which is subject to a letter of intent with Cangold.  In the Dominican Republic, Brigus has a joint venture covering three mineral exploration projects which is subject to a letter of intent with Everton Resources.
 
Contact Information:
Jennifer Nicholson, CA
Vice President Investor Relations
Phone: (902) 422-1421
Email: jnicholson@brigusgold.com
 
 
 
 
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
 
This news release includes �Forward-Looking Statements� within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended.  All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox resources, advance new discoveries,  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 and its predecessor companies� most recent annual report on Form 10-K filed with the United States Securities and Exchange Commission 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.
 

Appendix 1: 2011 Drill Hole Assay Results at the Black Fox Complex�s 147 Zone
 

147 Zone 2011 Exploration Drilling

Hole ID

From (m)

To (m)

Core Width (m)

Zone True Width (m)

Assay grams Au/tonne

Mineralized Zone

GF11-180

22.85

24.85

2.00

ND

1.65

147 Zone

 

 

 

 

 

 

 

and

35.00

36.05

1.05

ND

2.06

147 Zone

 

 

 

 

 

 

 

and

48.00

49.00

1.00

ND

2.33

147 Zone

 

 

 

 

 

 

 

and

94.00

95.00

1.00

ND

2.40

147 Zone

 

 

 

 

 

 

 

and

99.00

102.00

3.00

ND

1.79

147 Zone

 

 

 

 

 

 

 

and

116.00

117.00

1.00

ND

3.98

147 Zone

 

 

 

 

 

 

 

and

142.00

143.00

1.00

ND

1.03

147 Zone

 

 

 

 

 

 

 

GF11-182

205.80

252.00

46.20

ND

0.92

147 Zone

 

 

 

 

 

 

 

including

228.00

243.00

15.00

ND

2.23

147 Zone

 

 

 

 

 

 

 

and

332.00

336.00

4.00

ND

0.98

147 Zone

 

 

 

 

 

 

 

GF11-183

104.50

107.50

3.00

ND

4.27

147 Zone

 

 

 

 

 

 

 

and

115.20

116.00

0.80

ND

1.30

147 Zone

 

 

 

 

 

 

 

and

127.00

128.00

1.00

ND

1.03

147 Zone

 

 

 

 

 

 

 

and

134.00

136.00

2.00

ND

2.33

147 Zone

 

 

 

 

 

 

 

and

144.00

145.00

1.00

ND

1.78

147 Zone

 

 

 

 

 

 

 

and

155.00

156.00

1.00

ND

1.16

147 Zone

 

 

 

 

 

 

 

and

170.00

171.00

1.00

ND

2.81

147 Zone

 

 

 

 

 

 

 

and

174.00

175.00

1.00

ND

1.10

147 Zone

 

 

 

 

 

 

 

and

183.10

185.00

1.90

ND

10.20

147 Zone

 

 

 

 

 

 

 

and

242.00

243.20

1.20

ND

1.37

147 Zone

 

 

 

 

 

 

 

GF11-185

45.42(1)

119.00

73.58

ND

3.36

147 Zone

 

 

 

 

 

 

 

including

61.42(1)

68.42

7.00

ND

6.20

147 Zone

 

 

 

 

 

 

 

including

77.42(1)

80.42

3.00

ND

5.69

147 Zone

 

 

 

 

 

 

 

including

101.00(1)

114.00

13.00

ND

11.12

147 Zone

 

 

 

 

 

 

 

and

324.00

325.00

1.00

ND

1.10

147 Zone

 

 

 

 

 

 

 

and

382.00

383.00

1.00

ND

1.58

147 Zone

 

 

 

 

 

 

 

GF11-186

34.48

39.55

5.07

ND

1.33

147 Zone

 

 

 

 

 

 

 

and

88.05

89.05

1.00

ND

1.10

147 Zone

 

 

 

 

 

 

 

and

99.05

100.05

1.00

ND

3.84

147 Zone

 

 

 

 

 

 

 

and

139.75

141.26

1.51

ND

1.70

147 Zone

 

 

 

 

 

 

 

and

145.00

146.23

1.23

ND

1.30

147 Zone

 

 

 

 

 

 

 

and

162.30

164.60

2.30

ND

1.45

147 Zone

 

 

 

 

 

 

 

and

208.30

214.30

6.00

ND

1.10

147 Zone

 

 

 

 

 

 

 

and

350.00

353.00

3.00

ND

1.44

147 Zone

 

 

 

 

 

 

 

and

365.47

367.47

2.00

ND

1.10

147 Zone

 

 

 

 

 

 

 

GF11-187

71.00

72.00

1.00

ND

1.65

147 Zone

 

 

 

 

 

 

 

and

97.00

98.00

2.00

ND

2.54

147 Zone

 

 

 

 

 

 

 

and

170.00

171.00

1.00

ND

3.50

147 Zone

 

 

 

 

 

 

 

GF11-188

136.50

137.50

1.00

ND

1.85

147 Zone

 

 

 

 

 

 

 

and

180.00

194.00

14.00

ND

1.16

147 Zone

 

 

 

 

 

 

 

and

204.50

205.50

1.00

ND

2.47

147 Zone

 

 

 

 

 

 

 

and

235.70

236.82

1.12

ND

13.23

147 Zone

 

 

 

 

 

 

 

and

277.50

281.50

4.00

ND

8.20

147 Zone

 

 

 

 

 

 

 

including

277.50

278.50

1.00

ND

27.33

147 Zone

 

 

 

 

 

 

 

GF11-189

47.00

51.60

4.60

ND

3.23

147 Zone

 

 

 

 

 

 

 

and

80.00

96.40

16.40

ND

1.86

147 Zone

 

 

 

 

 

 

 

including

84.00

87.00

3.00

ND

4.57

147 Zone

 

 

 

 

 

 

 

and

304.15

309.00

4.85

ND

1.11

147 Zone

 

 

 

 

 

 

 

and

322.00

323.00

1.00

ND

1.44

147 Zone

 

 

 

 

 

 

 

GF11-190(2)

113.00

116.00

3.00

ND

2.41

147 Zone

 

 

 

 

 

 

 

and

146.00

147.00

1.00

ND

4.87

147 Zone

 

 

 

 

 

 

 

and

178.00

181.00

3.00

ND

2.56

147 Zone

 

 

 

 

 

 

 

GF11-191(3)

125.00

130.00

5.00

ND

1.85

147 Zone

 

 

 

 

 

 

 

and

170.00

171.15

1.15

ND

2.61

147 Zone

 

 

 

 

 

 

 

and

352.00

354.00

2.00

ND

2078.73

147 Zone

 

 

 

 

 

 

 

including

352.00

353.00

1.00

ND

4165.15

147 Zone

 

 

 

 

 

 

 

and

372.00

376.00

4.00

ND

61.78

147 Zone

 

 

 

 

 

 

 

including

373.00

374.00

1.00

ND

243.43

147 Zone

 

 

 

 

 

 

 

GF11-192

102.00

103.00

1.00

ND

1.10

147 Zone

 

 

 

 

 

 

 

including

139.00

156.00

17.00

ND

3.59

147 Zone

 

 

 

 

 

 

 

including

145.00

152.00

7.00

ND

5.42

147 Zone

 

 

 

 

 

 

 

and

173.00

184.00

11.00

ND

3.34

147 Zone

 

 

 

 

 

 

 

including

178.00

184.00

6.00

ND

5.60

147 Zone

 

 

 

 

 

 

 

and

387.00

392.00

5.00

ND

1.65

147 Zone

 

 

 

 

 

 

 

GF11-194

191.00

241.00

50.00

ND

3.96

147 Zone

 

 

 

 

 

 

 

including

215.00

235.00

20.00

ND

6.82

147 Zone

 

 

 

 

 

 

 

and

319.00

320.00

1.00

ND

3.77

147 Zone

ND - true width not defined

 

 

 

 

 

(1) Assays Reported in June 2, 2011 Press Release

 

 

 

(2) 5 assays pending

 

 

 

 

 

(3) 62 assays pending

 

 

 

 

 

 

Data and Statistics for these countries : Dominican Republic | All
Gold and Silver Prices for these countries : Dominican Republic | All

Brigus Gold Corp.

PRODUCER
CODE : BRD
ISIN : CA1094901024
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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.

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Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-4.76%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$ 1.84-1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.98+0.24%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$ 0.04+0.00%Trend Power :