Brigus Gold Corp., a gold producer focused on production, targeted exploration, and select acquisitions, today announced that its exploration drilling operations on the southern portion of the Black Fox Complex in the Timmins Mining District, Ontario, Canada, continues to return high-grade gold assays from the 147 Zone.
The company reports that the program is on track with drilling progress and expansion expectancies.
"The Black Fox exploration program is advancing as planned and on schedule. To date, Brigus has drilled over 126,000 metres on the 147 and Contact zones with significant results that include 21 grams per tonne over 25.0 metres," Howard Bird, Brigus' vice president of exploration stated in the press release. "The $8 million program in 2012 is designed to convert Inferred ounces to Indicated ounces through systematic in-fill drilling as well as to expand the resource."
Brigus' initial resource estimate for the 147 and contact zones, announced in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex; the company plans on releasing an updated resource estimate later this year.
To date, the company has systematically explored 25 percent of the Black Fox Complex, acknowledging significant upside potential remains on the property, which spans approximately 18-square kilometers.
For more information visit at www.brigusgold.com
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