BRD Brigus Gold Corp Ordinary Shares (Canada)

Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD; TSX: BRD) is pleased to announce that exploration drilling on the southern portion of the Black Fox Complex continues to return excellent gold assays over significant widths within the new 147 Gold Zone (“147 Zone”), including 3.94 grams per tonne (“gpt”) over 24.20 metres (“m”) that included 6.86 gpt over 11.77 m.

Highlights from continued drilling at the 147 Zone include (all uncut, average gold grades over core length):

147 Zone Drill Highlights:

• GF11-195:
  • 1.72 gpt over 21.78 m;
    • including 3.34 gpt over 8.00 m
• GF11-198:
  • 6.31 gpt over 6.00 m;
    • including 10.00 gpt over 3.00 m

• GF11-206:
  • 3.94 gpt over 24.20 m;
    • including 6.86 gpt over 11.77 m

• GF11-220:
  • 4.00 gpt over 13.00 m;
    • including 13.54 gpt over 2.00 m; and
  • 2.90 gpt over 11.00 m
    • including 3.95 gpt over 5.00 m

The 147 Zone is located on the southern portion of Brigus’ 100%-owned Black Fox Complex, four kilometres from the Company’s Black Fox gold mine. The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. The 147 Zone gold mineralization primarily occurs within multiple quartz and carbonate healed brecciated zones within bleached units of mafic volcanics.

“We are delighted with the continued expansion of the 147 Zone. The Zone now extends to a vertical depth of 240 metres below surface with drill hole GF11-206 returning excellent gold assay results over a significant width,” said Howard Bird, VP Exploration Brigus. “The 147 Zone remains open in all directions.”

Drilling at the 147 Zone is progressing as planned with four drill rigs. The fifth drill rig is in-fill drilling the Contact Main Zone located approximately 400 m to the north of the 147 Zone.

The 147 Zone drill holes are listed in Appendix 1 and a drill-hole location map is included in Appendix 2, as well as being posted on the Company’s website at www.brigusgold.com.

Surface drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold’s quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

About Brigus Gold

Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Complex in the Timmins gold district of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and Mill, and adjoining Grey Fox-Pike River property, all in the Township of Matheson, Ontario, Canada. Brigus is also advancing its Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has a letter of intent to sell 75% of its Ixhuatan silver-gold projected located in the state of Chiapas. In the Dominican Republic, Brigus has a letter of intent to sell its remaining interests in three mineral exploration projects.

Cautionary and Forward-Looking Statements

This news release includes “Forward-Looking Statements” within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox resources, advance new discoveries, and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading “Risk Factors” in Brigus Gold’s and its predecessor companies’ most recent annual report on Form 10-K filed with the United States Securities and Exchange Commission and elsewhere in Brigus Gold’s documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

 

Appendix 1: 2011 Drill Hole Assay Results at the Black Fox Complex’s 147 Zone

                      Hole ID  

From(m)

 

To(m)

 

CoreWidth(m)

 

ZoneTrueWidth(m)

 

AssaygramsAu/tonne

GF11-193   110.00   112.00   2.00   ND   1.89     206.92   208.92   2.00   ND   14.50     360.15   361.00   0.85   ND   8.43 GF11-195   30.00   34.00   4.00   ND   1.24     52.00   54.00   2.00   ND   2.57     58.00   59.00   1.00   ND   1.37     131.00   137.00   6.00   ND   2.15     142.22   164.00   21.78   ND   1.72     146.00   154.00   8.00   ND   3.34     172.00   174.00   2.00   ND   2.67     181.00   183.00   2.00   ND   1.44     186.00   188.00   2.00   ND   3.36     199.00   200.00   1.00   ND   22.42     222.00   223.00   1.00   ND   2.47 GF11-197   152.00   162.00   10.00   ND   0.95     170.00   173.00   3.00   ND   2.13     209.00   215.00   6.00   ND   3.55 GF11-198   114.70   118.56   3.86   ND   4.45     152.70   153.78   1.08   ND   3.09     199.00   200.00   1.00   ND   3.63     240.00   246.00   6.00   ND   6.31     242.00   245.00   3.00   ND   10.00     448.92   450.00   1.08   ND   1.13 GF11-206   255.57   279.77   24.20   ND   3.94     268.00   279.77   11.77   ND   6.86 GF11-220   18.00   31.00   13.00   ND   4.00     28.00   30.00   2.00   ND   13.54     44.00   55.00   11.00   ND   2.90     44.00   49.00   5.00   ND   3.95

ND- True Width Not Defined

Appendix 2 available at: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6783431&lang=en

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