HALIFAX,
Dec. 12, 2013 /PRNewswire/ - Brigus
Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD) (TSX: BRD)
reports additional drilling results from its ongoing drill program
at the Contact Zone on the Grey Fox project along with the
discovery of a new hanging wall zone.
"This new zone further confirms that the Grey
Fox project is open for expansion in all directions," said
Howard Bird, Brigus' Senior Vice President of Exploration.
"Three drill rigs will systematically test this new hanging wall
zone for the remainder of the year."
Highlights from the Contact Zone & New Hanging Wall Zone
which both remain open for expansion:
Hole Number |
From |
To |
Core Width |
Gold Assay |
Metal Factor |
Mineralized Zone |
|
(m) |
(m) |
(m) |
grams/tonne |
grams X width |
|
GF13-801 |
39.00 |
59.00 |
20.00 |
8.87 |
177 |
New Hanging Wall Zone |
|
171.80 |
190.18 |
18.38 |
4.19 |
77 |
Hanging Wall |
GF13-790 |
59.00 |
75.00 |
16.00 |
1.44 |
23 |
New Hanging Wall Zone |
|
249.00 |
267.00 |
18.00 |
6.64 |
120 |
Hanging Wall |
|
379.00 |
385.10 |
6.10 |
2.65 |
16 |
Hanging Wall |
|
445.00 |
459.00 |
14.00 |
5.18 |
73 |
Hanging Wall |
|
576.00 |
579.00 |
3.00 |
7.90 |
24 |
Hanging Wall |
|
586.00 |
587.00 |
1.00 |
28.02 |
28 |
Hanging Wall |
GF13-793 |
417.00 |
419.80 |
2.80 |
12.45 |
35 |
Hanging Wall |
GF13-674 |
163.00 |
173.00 |
10.00 |
11.74 |
117 |
Hanging Wall |
|
401.70 |
404.80 |
3.10 |
8.86 |
27 |
Contact Zone |
GF13-765 |
275.00 |
278.00 |
3.00 |
8.08 |
24 |
Hanging Wall |
GF13-786 |
379.00 |
391.00 |
12.00 |
1.29 |
15 |
Contact Zone |
All assays are capped at 100 gpt gold,
average gold grades over core length widths
The Contact Zone mineralized corridor consists
of a 400 metre strike length steeply dipping gold mineralized Main
Fault Contact between the north-south trending metasediments and
mafic volcanic rocks. The zone is open to the north and down-dip.
The Contact Zone corridor also includes multiple parallel hanging
wall and footwall gold mineralized zones. The new hanging wall zone
discovery is located approximately 250 metres east of the Main
Fault Contact Zone.
The 147, Contact and Grey Fox South 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.
Details of the most recent Contact Zone drill
holes and New Hanging Wall Zone are listed in Appendix 1 and the
drill-hole location map is included in Appendix 2.
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 also owns the Goldfields Project
located near Uranium City, Saskatchewan,
Canada, which hosts the Box and Athona gold deposits. In the
Dominican Republic, Brigus has signed an agreement to sell its
remaining interests in three mineral exploration projects. In
Mexico, Brigus owns the Ixhuatan Project located in
the state of Chiapas.
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.
Appendix 1: Most recent drill hole assay results at the
Contact Zone and New Hanging Wall Zone (all assays are capped at
100 gpt gold, average gold grades over core length widths):
Hole Number |
From |
To |
Core Width |
Gold Assay |
Metal Factor |
Mineralized Zone |
|
(m) |
(m) |
(m) |
grams/tonne |
grams X width |
|
GF13-674 |
163.00 |
173.00 |
10.00 |
11.74 |
117 |
Hanging Wall |
including |
168.00 |
169.00 |
1.00 |
60.62 |
61 |
Hanging Wall |
|
184.50 |
185.20 |
0.70 |
78.38 |
55 |
Hanging Wall |
|
188.00 |
189.00 |
1.00 |
2.15 |
2 |
Hanging Wall |
|
224.00 |
226.00 |
2.00 |
1.91 |
4 |
Hanging Wall |
|
239.00 |
240.00 |
1.00 |
1.33 |
1 |
Hanging Wall |
|
351.70 |
353.60 |
1.90 |
5.16 |
10 |
Contact Zone |
|
401.70 |
404.80 |
3.10 |
8.86 |
27 |
Contact Zone |
|
552.00 |
560.00 |
8.00 |
1.43 |
11 |
Contact Zone |
|
601.00 |
602.00 |
1.00 |
2.26 |
2 |
Contact Zone |
GF13-765 |
77.00 |
79.00 |
2.00 |
4.32 |
9 |
Hanging Wall |
|
113.00 |
114.00 |
1.00 |
1.05 |
1 |
Hanging Wall |
|
123.00 |
124.00 |
1.00 |
1.28 |
1 |
Hanging Wall |
|
132.00 |
136.00 |
4.00 |
3.27 |
13 |
Hanging Wall |
|
275.00 |
278.00 |
3.00 |
8.08 |
24 |
Hanging Wall |
|
395.30 |
396.28 |
0.98 |
1.23 |
1 |
Hanging Wall |
GF13-768 |
15.00 |
16.00 |
1.00 |
8.02 |
8 |
Hanging Wall |
|
74.00 |
75.00 |
1.00 |
8.64 |
9 |
Hanging Wall |
|
163.00 |
164.00 |
1.00 |
6.64 |
7 |
Hanging Wall |
|
242.50 |
243.50 |
1.00 |
2.19 |
2 |
Hanging Wall |
|
328.00 |
329.15 |
1.15 |
1.58 |
2 |
Hanging Wall |
GF13-786 |
92.00 |
93.00 |
1.00 |
1.03 |
1 |
Hanging Wall |
|
319.00 |
320.00 |
1.00 |
1.99 |
2 |
Contact Zone |
|
343.00 |
344.00 |
1.00 |
3.36 |
3 |
Contact Zone |
|
359.00 |
360.00 |
1.00 |
1.10 |
1 |
Contact Zone |
|
363.00 |
364.00 |
1.00 |
6.38 |
6 |
Contact Zone |
|
379.00 |
391.00 |
12.00 |
1.29 |
15 |
Contact Zone |
GF13-790 |
59.00 |
75.00 |
16.00 |
1.44 |
23 |
New Hangingwall Zone |
|
240.70 |
241.40 |
0.70 |
5.31 |
4 |
Hanging Wall |
|
249.00 |
267.00 |
18.00 |
6.64 |
120 |
Hanging Wall |
including |
249.70 |
252.40 |
2.70 |
12.78 |
35 |
Hanging Wall |
and |
255.00 |
260.00 |
5.00 |
15.46 |
77 |
Hanging Wall |
|
273.00 |
274.00 |
1.00 |
1.70 |
2 |
Hanging Wall |
|
282.00 |
284.00 |
2.00 |
2.61 |
5 |
Hanging Wall |
|
292.00 |
293.00 |
1.00 |
1.08 |
1 |
Hanging Wall |
|
368.00 |
369.00 |
1.00 |
1.16 |
1 |
Hanging Wall |
|
379.00 |
385.10 |
6.10 |
2.65 |
16 |
Hanging Wall |
|
445.00 |
459.00 |
14.00 |
5.18 |
73 |
Hanging Wall |
including |
455.00 |
456.00 |
1.00 |
39.73 |
40 |
Hanging Wall |
|
480.00 |
481.00 |
1.00 |
1.66 |
2 |
Hanging Wall |
|
576.00 |
579.00 |
3.00 |
7.90 |
24 |
Hanging Wall |
|
586.00 |
587.00 |
1.00 |
28.02 |
28 |
Hanging Wall |
GF13-793 |
210.00 |
212.00 |
2.00 |
1.55 |
3 |
Hanging Wall |
|
223.00 |
224.00 |
1.00 |
2.14 |
2 |
Hanging Wall |
|
241.40 |
245.00 |
3.60 |
1.79 |
6 |
Hanging Wall |
|
346.00 |
347.00 |
1.00 |
4.25 |
4 |
Hanging Wall |
|
392.90 |
393.40 |
0.50 |
3.63 |
2 |
Hanging Wall |
|
397.00 |
398.00 |
1.00 |
3.15 |
3 |
Hanging Wall |
|
417.00 |
419.80 |
2.80 |
12.45 |
35 |
Hanging Wall |
GF13-801 |
39.00 |
59.00 |
20.00 |
8.87 |
177 |
New Hangingwall Zone |
including |
39.00 |
42.00 |
3.00 |
32.91 |
99 |
New Hangingwall Zone |
and |
47.00 |
50.00 |
3.00 |
14.06 |
42 |
New Hangingwall Zone |
|
171.80 |
190.18 |
18.38 |
4.19 |
77 |
Hanging Wall |
including |
171.80 |
173.80 |
2.00 |
16.82 |
34 |
Hanging Wall |
SOURCE Brigus Gold Corp.
Image with caption: "Appendix 2: Drill hole location plan map
with geology. (CNW Group/Brigus Gold Corp.)". Image available at:
http://photos.newswire.ca/images/download/20131212_C9988_PHOTO_EN_34905.jpg