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Brigus Gold

Grey Fox Project

Sep 27, 2013
Brigus' Grey Fox area is comprised of three main zones, the 147, Contact and the newly discovered Grey Fox South.

These zones are located approximately four kilometres southeast of Brigus' operating Black Fox gold mine and provide the company with near term production growth opportunities due to their proximity to the existing Black Fox Mine infrastructure.
 


In September 2012, the company released a new 43-101 on the 147 and Contact zones:
 
Zone Indicated Onces Inferred Ounces Total Ounces
147 279.244 51.261 330.505
Contact 201.606 39.800 241.406
Total 480.850 91.061 571.911


Brigus announced an initial resource estimate from Grey Fox in December 2011.  The new resource has increased the indicated gold resource at Grey Fox from 116,710 to 480,850 ounces. This material increase can be attributed to the company's 2012 exploration drilling program which focused on converting inferred ounces to indicated ounces through systematic in-fill drilling. The new resource is based on a total of 488 holes and approximately 65,000 metres of drilling.
 
Approximately 84 percent of the new resource occurs within 200 metres from surface and therefore demonstrating great open pit mining potential. In 2013, the company plans to focus on extending and expanding both the 147 and Contact zones through systematic drilling below the 200 metre level and along strike to build a resource suitable for underground mining.
 
This new resource does not include results from Brigus' newly discovered Grey Fox South Zone. This multiple horizon gold zone is located approximately 400 metres to the east and running sub-parallel to the 147 Zone.


Technival Report
 Grey Fox Report 

Source: http://www.brigusgold.com/projects/grey_fox/