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Brigus Increases Black Fox Complex Resource By More Than 50% In Initial NI 43-101 On 147 And Contact Zones

Stock quotes in this article: BRD 

Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD) (TSX: BRD) is pleased to announce an initial National Instrument 43-101 (“NI 43-101”) compliant, independent mineral resource estimate for the 147 and Contact zones on the Black Fox Complex. Highlights of the initial resource estimate include:

Zone     Indicated ounces     Inferred ounces     Number of Holes Included     Number of Holes Pending
147     43,820     351,910     86     59
Contact     72,890     107,510     169     36
TOTAL     116,710     459,420     255     95
               

“We are very pleased with the initial resource estimate,” said Howard Bird, Brigus’ Vice President of Exploration. “We believe these resource ounces represent near-term production opportunities given their proximity to our Black Fox infrastructure including the Black Fox mill which is currently being expanded. In addition, there are another 95 drill holes, with assays pending, that have not been included in the initial resource calculation and will increase our resource area drill hole data by 37% upon receipt of final assays. We expect the results from these holes will expand the resource and convert Inferred ounces to Indicated ounces in 2012.”

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