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High Grade Drilling Results To Expand The Resource At Grey Fox

Stocks in this article: BRD

Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD; TSX: BRD) is pleased to report additional drilling results from its ongoing drill program at the 147 Zone, including high grade gold intercepts of 8.7 grams per tonne over 21 metres and 6.2 grams per tonne over 25 metres.

“It is clear that the Grey Fox resource is more significant than initially reported,” said Howard Bird, Brigus’ Senior Vice President of Exploration. “These high grade drill results are located outside of our current resource estimate and will expand the gold resource on the Grey Fox property.”

Next quarter, the Company plans to release an updated NI 43-101 resource estimate on the Grey Fox property followed by a full feasibility study in Q3 2013.

Highlights from the 147 Zone which remains open for expansion:

Hole Number      

From

(m)

     

To

(m)

     

Core Length

(m)

     

Gold Grade grams/tonne

      Grams X Width
                                 
Open Pit Potential
GF12-510       149.30       163.00       13.70       1.98       27
GF12-514       168.00       195.25       27.25       2.97       81
including       168.00       173.00       5.00       11.88       59
GF12-527       138.00       148.00       10.00       1.77       18
GF12-533       167.00       175.00       8.00       2.92       23
        190.00       211.00       21.00       8.72       183
Underground Potential
GF12-566       218.30       223.00       4.70       12.42       58
GF12-574       203.00       211.80       8.80       2.25       20
        265.00       290.00       25.00       6.17       154
GF12-575       279.00       294.00       15.00       6.48       97
GF12-639       434.00       445.00       11.00       5.35       59

All assays are capped at 100 gpt gold, average gold grades over core length widths.

“Currently we have four drill rigs turning on the 147 Zone and one rig on the Contact Zone,” said Bird. “Drill results are demonstrating excellent potential for both an open pit and underground mine on the Grey Fox property.”

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