Brigus Gold Corporation (BRD) took pride in announcing the drilling exploration on the southern district of the black Fox Complex and turn out high-grade gold assays from the 147 Zone. Howard Bird, Vice President for Exploration of Brigus, said that management is pleased to have received high-grade drill results after difficult intervals and that the excellent findings will fare well for 147 Zone and give a positive impact on gold resources.
Brigus is pursuing its exploration program in 2012 with the implementation of an $8 million surface exploration program with the objective of expanding operations in different zones on the Black Fox Complex.
Brigus has recorded its 2-yeare peak of $2.10 in the last week of 2010, but has been trading at as low as $1.12 during 2011. It is currently priced at $1.20 with $1.45 acting as an immediate resistance level.