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Brigus Gold Intersects High Grades At 147 Zone

Stocks in this article: BRD

Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD; TSX: BRD) reports that results from its ongoing drilling program at the 147 Zone on its Grey Fox property in the Gold District of Timmins, Ontario, Canada, include high grade intercepts of 14 grams per tonne over 35 metres and 4.7 grams over 29 metres.

Brigus Senior Vice President Exploration Howard Bird said, “These impressive drill hole intercepts are among the best returned from the 147 Zone. These results extend the ore body to a true vertical depth of 300 metres below surface and most importantly the zone remains open for further expansion.”

Highlights from the 147 Zone drill holes reported today (all assays capped at 100 gpt gold, average gold grades over core length widths) include:

Hole Number   From (m)   To (m)   Core Length (m)   Gold Assay (gpt)   Grams X Width
GF12-485 186.50 190.30 3.80 5.00 19
  226.00 261.00 35.00 3.79 133
including 249.30 261.00 11.70 6.98 82
GF12-491 196.00 244.00 48.00 3.37 162
GF12-506 186.00 224.00 38.00 2.40 91
including 189.80 195.00 5.20 6.83 36
GF12-587 246.00 267.00 21.00 6.00 126
including 258.00 265.00 7.00 11.62 81
GF12-626 203.00 270.20 67.20 3.40 228
  300.90 320.00 19.10 1.26 24
  328.00 357.40 29.40 4.68 138
including 330.00 332.00 2.00 13.73 27
including 350.00 357.40 7.40 11.31 84
GF12-646 201.40 204.40 3.00 7.89 24
  343.00 378.00 35.00 13.97 489
including 367.00 375.00 8.00 47.28 378
  384.00 404.80 20.80 1.58 33
including 402.00 404.80 2.80 6.66 19

These drill holes will add to the September 2012 resource estimate of 480,850 Indicated ounces and 91,061 Inferred ounces for the 147 and Contact zones. Approximately 84 percent of the drill data used to compile the September 2012 resource estimate was within 200m of surface demonstrating excellent open pit mining potential.

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