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Brigus Gold Corporation (“Brigus Gold” or the “Company”) (NYSE MKT: BRD; TSX: BRD) is pleased to release results from the first underground drilling at the Black Fox mine since the Company was formed in June 2010. The Company is also pleased to provide an update on its exploration drilling program at the Grey Fox property.
The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario, and includes the producing Black Fox gold mine and the Grey Fox property. The Grey Fox property hosts a series of prolific gold zones that are within close proximity, including the Contact, 147 and Grey Fox South zones. The Grey Fox property is located about four kilometres southeast of the Black Fox mine.
BLACK FOX MINE
An underground exploration program at the Black Fox mine commenced in June of this year, with two rigs. The drilling is being performed from a new exploration drift at the 9670 metre (m) level on the East side of the mine, and has returned excellent gold grades over significant widths. The objective of the drilling program is to extend the Black Fox orebody and increase the current gold resource at the mine.
The Black Fox orebody remains open at depth and along strike and includes gold reserves to a maximum depth of 500 metres. Orebodies in the region, along the Destor Porcupine Fault, often extend to depths of more than 1,000 metres. The ongoing underground drilling program at the Black Fox mine will drill beyond 500 metres and will continue into 2013 with the goal of expanding the underground resource.
Results from the initial holes include (all assays cut to 150 grams per tonne (gpt), average gold grades over core length widths):
Core Width (m)
Gold Assay (gpt)
“The initial results from our new underground drill program at the Black Fox mine are excellent,” commented Wade Dawe, Brigus Gold’s President and Chief Executive Officer. “This is the first exploration drilling at the mine since 2007, and we look forward to increasing both the minable gold reserves and the mine life as a result of the drill program. We are confident this drill program will have a positive and material impact on the value of the known gold resource at the mine.”