Brigus Gold continues to achieve positive results from ongoing drilling on the 147 and Contact Zones of its Black Fox property, east of Timmins, Ontario, and 4 km south of the company’s Black Fox mine.

Intercepts in the 147 Zone have included 10 m grading 27.7 g/mt gold and 56.7 m grading 5.95 g/mt gold, while intercepts in the Contact Zone have included 15.5 m grading 26.83 g/mt gold and 22.45 m grading 4.08 g/mt gold (grades are uncut, average grades over core-length widths).

The main area of the 147 Zone extends approximately 250 m in a north-south direction. Gold mineralization primarily occurs within multiple quartz carbonate brecciated zones within bleached units of variolitic mafic volcanics and other parallel footwall zones.

The Contact Zone consists of a steeply dipping, gold-mineralized fault contact between north‐south trending metasediments and mafic volcanic rocks, and other, parallel, hanging-wall and footwall gold mineralized zones. The area of mineralization has a strike length of about 450 m and remains open along strike to the north and at depth.

In December 2011, Brigus announced a combined initial gold resource of 116,710 oz indicated and 459,420 oz inferred for the 147 and Contact Zones based on drilling in 255 holes. A preliminary economic assessment of the two zones is under way and is scheduled for completion in the third quarter of 2012, along with an updated resource statement.

The Black Fox complex covers an area of approximately 18 km2. To date, Brigus has systematically explored about 25% of its property on the complex and considers that significant upside potential remains on the rest of the property.