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Brigus Gold Increases Exploration Drilling at Black Fox Complex

Published: 09:43 01 Sep 2010 AEST

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Brigus Gold (TSX: BRD)(NYSE Amex: BRD) has expanded its planned exploration drill program at the Black Fox Complex in the Timmins Gold District, Ontario to include a minimum of 15,000 metres of surface drilling.

The Black Fox Complex comprises the Black Fox Mine and Mill, and the Grey Fox-Pike River property adjoining the mine, and along strike of the Black Fox gold deposit.

The Black Fox Mine and Grey Fox-Pike River properties cover 17 square km and extend 6.5 km along the strike and at depth of the well-known Destor-Porcupine Fault Zone, which hosts the Black Fox deposit and several other gold deposits in the Timmins Gold District.

Approximately 5,000 m of drilling will be focused on step-out drilling, which is intended to expand the Black Fox gold deposit along strike and down-dip.

The Black Fox area drill program will also offset the 2004 high-grade gold result in surface drill hole #04BF-389, which returned 20.9 grams of gold per tonne over a true width of 4.98 m located near the Destor-Porcupine Fault Zone and the cross-cutting Base Metal Zone mineralized structure, it said.

An additional 10,000 m of drilling will be focused in and around the Contact Zone within the Grey-Fox Pike River property, including four exploration targets.

There are currently two core drill rigs operating at the Contact Zone. Other targets, which include the Historic Gibson Deposit, Gibson-Fault Zone, School House Zone and Hislop North Zone, and are located within a two kilometre area of the Contact Zone, will be targeted with this program.

To date, the company has completed 27 holes totalling 11,440 m targeting the Contact Zone and first phase drilling on the Gibson Deposit, Gibson-Fault Zone, School House Zone and Hislop North Zone.

Brigus Gold plans to add a third core drill rig in the first week of September which is intended to further delineate the mineralization trend of the Black Fox deposit, with a fourth core drill rig being added in approximately six weeks.

The company also intends to extend the underground 235m level drift to target resource additions from underground drill stations at Black Fox. Underground drilling will initially target mineralization to the southeast following up on positive results from previous drilling in 2004 and 2005, the company said.

"We believe there is potential for further gold mineral discoveries to augment the mine life at Black Fox and, for that reason, we have significantly expanded our drill program with plans to have four surface rigs operating at year end and continuing into 2011," said vice president of exploration for Brigus, Howard Bird.

During Q4 this year, Brigus Gold expects to announce an initial National Instrument 43-101-compliant estimate of resources of gold for the Contact Zone, based on limited drilling of 65 core holes completed in 2009 and 2008. The company will use the latest drill results to confirm and update the geological interpretation in the resource estimate.

Brigus Gold is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus Gold holds a 100% interest in the Ixhuatan Property located in the state of Chiapas, and an 80% interest in the Huizopa Joint Venture, an early stage, gold-silver exploration joint venture located in the State of Chihuahua. In the Dominican Republic, Brigus and Everton Resources have a joint venture for the APV and Loma El Mate gold exploration projects.

The company was up 2.44% to $1.26 one hour prior to close on the Toronto Stock Exchange.

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