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Brigus Gold Corp
Symbol BRD
Shares Issued 232,099,513
Close 2013-10-31 C$ 0.78
Market Cap C$ 181,037,620
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Brigus Gold drills 37.8 m of 18.09 g/t Au at Black Fox

2013-10-31 19:17 ET - News Release

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.

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