Last Updated : 17 May 2011 at 15:30 IST
Brigus Gold finds high-grade assays at Black Fox
Brigus Gold Corp(NYSE Amex: BRD)(TSX: BRD) has announced 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.
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NOVA SCOTIA,CANADA ( Commodity Online): Brigus Gold Corp(NYSE Amex: BRD)(TSX: BRD) has announced 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.
“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”
Highlights from drilling completed at the 147 Zone include (all uncut, average gold grades over core length):
GF10-165:1.46 gpt over 20.00 m; and1.24 gpt over 14.00 m
GF11-174:1.32 gpt over 16.00 m;10.82 gpt over 20.40 m; and1.11 gpt over 9.75 m
GF11-179:3.26 gpt over 26.50 mincluding 11.51 gpt over 5.00 m; and5.54 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 mincluding 2.63 g/t Au over 5.40 m
GF11-147:5.25 gpt over 37.70mincluding 3.11 gpt over 9.70 m; and9.04 gpt over 18.00 m
GF11-152:3.66 gpt over 66.85 mincluding 3.26 gpt over 10.15 m; and8.34 gpt over 22.00 m
GF11-168:2.90 gpt over 32.15 mincluding 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 the Company’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 as well as a drill-hole location map with highlight 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.
Brigus 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 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
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