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Brigus Gold Corp. (BRD)

Brigus Gold Corp. announced that exploration drilling on the southern portion of the Black Fox Complex continues to return high-grade assays over significant widths. The most recent results confirm a new gold zone, running north south and located approximately 150 metres to the east and running parallel to the Contact Zone. Expanded drilling of this zone is now a key focus for Brigus as the company continues to delineate this new discovery.

About Brigus Gold Corp. (BRD)

Brigus Gold Corp., a high quality emerging mid-tier gold producer, is dedicated to maximizing shareholder value through ongoing development and exploration with projects in Ontario, Saskatchewan, Mexico and the Dominican Republic. With total reserves of 2.3 million ounces of gold and projects ready for development, Brigus Gold is well positioned for growth.

The company combines strong production strategies with an excellent development pipeline in primarily low-risk operating jurisdictions. The company’s Black Fox mine near Timmins, Ontario is currently producing gold and is expected to increase production in the upcoming years – generating steady cash flow for further expansion.

Brigus Gold intends to channel its resources into advancing its second flagship mine project, the Goldfields Project, near Uranium City, Saskatchewan. The Goldfields Project is set to begin production in 2013 and has documented resources, existing infrastructure and permits already in place. In addition to the properties adjacent to its flagship mine sites, the company also plans to advance the Ixhuatan and Huizopa projects in Mexico in the future.

Thursday, May 12th, 2011 Uncategorized
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