Mr. Wade
Dawe reports
BRIGUS DRILLS 18.09 GPT GOLD OVER 37.80 METRES & ANNOUNCES UNDERGROUND EXPLORATION PROGRAM AT BLACK FOX
Brigus Gold Corp. has had a second high-grade gold intersection from underground drilling at Black Fox. Hole
645-34-W assayed 18.09 grams per tonne gold over 37.8 metres, including 39.45 g/t gold over 10.35 metres. This 37.8-metre mineralized intercept is from a drill interval of
316.9 to 354.7 metres, and remains open, as the last sample at 354.7
metres graded 15.34 g/t gold. Therefore, the full thickness
of this high-grade intercept is unknown at this time. Hole 645-34-W
intersected high-grade mineralization 30 metres to the west of hole
645-01-W, which assayed 40.71 g/t gold over 26.75 metres, including 103.2 g/t gold over 8.35 metres.
In light of these positive results, exploration drilling at the Black
Fox mine has recommenced and a third drill hole is now in progress.
This phase of exploration will consist of 12 to 15 additional holes to
be drilled from underground to further test and define the new zone.
"This thick, high-grade gold intersection directly below current mining
operations confirms the potential to expand our orebody and add
significant ounces to the underground mine at Black Fox," said Wade
Dawe, Brigus's chairman and chief executive officer. "Accordingly, we have increased our
2013 exploration budget and recommenced drilling to further test this
zone, and we look forward to reporting additional results in the coming
weeks. Adding new high-quality gold ounces through exploration is the
most direct way of increasing value for our shareholders."
Orebodies in the region, along the Destor Porcupine fault, often extend
to depths of more than 1,000 metres. The Black Fox orebody remains open
for expansion both laterally and at depth.
HIGHLIGHTS FROM BLACK FOX DRILLING
Hole No. From To Core width Gold assay (uncut)(1) Gold assay (cut) Metal factor (uncut)
(m) (m) (m) (g/t) (g/t) (grams x width)
645-34-W 316.90 354.70 37.80 18.09 18.09 684
including 329.45 339.80 10.35 39.45 39.45 408
645-01-W(2) 339.65 366.40 26.75 40.71 25.99 1,089
including 339.65 348.00 8.35 103.20 66.30 862
1. All high-grade assays capped at 300 g/t.
2. Reported in Oct. 16, 2013, press release.
Underground drilling was conducted by Norex Drilling and was supervised
by the Brigus exploration team. All sample analyses reported herein
were performed by Accurassy Labs of Thunder Bay, Ont. Accurassy Labs is ISO
17025 certified in North America and used standard fire assay procedures.
Intercepts cited do not necessarily represent true widths, unless
otherwise noted. Brigus's quality control checks include the insertion
of blanks, standards and duplicates to ensure laboratory accuracy.
Senior exploration project manager John A. Dixon, PGeo, reviewed the
technical exploration information in this release as the qualified
person for the company.
We seek Safe Harbor.
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