Brigus gets the grades from new zone at Black Fox

Brigus Gold (BRD-T, BRD-X) has confirmed a new gold zone with some impressive assays from its Black Fox complex near Timmins.

The company says exploration drilling has returned even better grades and wider intercepts than the last batch of assays from the zone which sits in the southern portion of the project.

Highlights from drilling include 25 metres grading 20.99 grams gold;
23 metres grading 7.98 grams gold; 15.5 metres grading 5.22 grams gold and 9.15 metres grading 7.20 grams gold.

Those results come out of four separate holes and all of the grades are uncut.

Brigus is calling the new area the 147 Zone. The zone was previously referred to as the hanging wall zone of the Contact Zone, which it runs parallel to in a north south direction. The zone remains open to the north, east and at depth.

The company says such high grades and good widths have led it to focus all four of its drill rigs at the complex on the zone. It says a fifth rig will be added to the property in early May.

The Black Fox complex is wholly owned by Brigus and sits 4-km from its operating Black Fox gold mine.

The Complex covers roughly 18-sq km in the Timmins mining district.

Previous highlight intercepts from the zone included 18 metres grading 9.04 grams gold; 7.00 metres grading 19.27 grams gold and 9.70 metres grading 3.10 grams gold.

In Toronto on April 27 the company’s shares were up 10% or 14¢ to $1.57 on 1.6 million shares traded.