Brigus Gold Discovers New Zone at Grey Fox

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




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