Brigus Gold Corp. from Brigus Gold by 24hgold

Keywords : Canada | Cobalt |

Brigus Reports Assay Results of 10.84 gpt over 20.4 metres
at New 147 Gold Zone at Black Fox Complex

Halifax, Nova Scotia; May 16, 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 high-grade assays over significant widths within the new 147 Gold Zone (�147 Zone�). The 147 Zone is a recent discovery running in a north-south direction and is located approximately 150 metres to the east running parallel to the Contact Zone.

Highlights from drilling completed at the 147 Zone include (all uncut, average gold grades over core length):

147 Zone

GF10-165:
- 1.46 gpt over 20.00 m; and
- 1.24 gpt over 14.00 m
GF11-174:
- 1.32 gpt over 16.00 m;
- 10.82 gpt over 20.40 m; and
- 1.11 gpt over 9.75 m
GF11-179:
- 3.26 gpt over 26.50 m
  - including 11.51 gpt over 5.00 m; and
  - 5.54 gpt over 4.60 m

The Company has recalculated four previously reported drill hole assay results from the 147 Zone over wider core widths. These include (all uncut, average gold grades over core length):

GF11-119:
- 1.12 gpt over 30.55 m
  - including 2.63 g/t Au over 5.40 m
GF11-147:
- 5.25 gpt over 37.70m
  - including 3.11 gpt over 9.70 m; and
  - 9.04 gpt over 18.00 m
GF11-152:
- 3.66 gpt over 66.85 m
  - including 3.26 gpt over 10.15 m; and
  - 8.34 gpt over 22.00 m
GF11-168:
- 2.90 gpt over 32.15 m
  - including 7.15 gpt over 9.15 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.

�We are very encouraged by these continued positive gold results at the 147 Zone. Wide drill intercepts have intersected this zone over a strike length of approximately 250 metres,� said Howard Bird, Brigus� Vice President Exploration. �Drilling with four drill rigs is rapidly delineating the new gold discovery and the 147 Zone remains open to the north, east and at depth. A fifth drill rig will be added later this month. This zone�s close proximity to theCompany�s operating Black Fox Mine provides the opportunity for rapid advancement.�

The approximate locations of the new drill hole results in relation to the 147 Zone discovery drill hole, GF11-147, are as follows: hole GF11-165 was drilled 25 m to the north, GF11-174 was drilled 12.5 m to the south, and hole GF11-179 was drilled 70 m to the northeast.Mineralization in the 147 Zone occurs mainly within multiple quartz and carbonate healed brecciated zones within bleached units of variolitic mafic volcanics.

The new drill holes as well as the restated gold assay results are 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 and standards 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. In the Dominican Republic, Brigus has a joint venture covering three mineral exploration projects.

Contact Information:
Jennifer Nicholson, CA
Vice President Investor Relations
Phone: (902) 422-1421
Email: jnicholson@brigusgold.com

Wendy Yang, Vice President
Phone: 303-524-3203
E-mail: ir@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.

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