Brigus Gold has discovered a new hanging wall zone at its Grey Fox project in Timmins.
“This new zone further confirms that the Grey Fox project is open for expansion in all directions,” said Howard Bird, Brigus’ senior vice-president of exploration, in a news release. “Three drill rigs will systematically test this new hanging wall zone for the remainder of the year.”
The Contact Zone mineralized corridor consists of a 400-metre strike length, steeply dipping gold mineralized Main Fault Contact between the north-south trending metasediments and mafic volcanic rocks. The zone is open to the north and down-dip. The Contact Zone corridor also includes multiple parallel hanging wall and footwall gold mineralized zones. The new hanging wall zone discovery is located approximately 250 metres east of the Main Fault Contact Zone.
The 147, Contact and Grey Fox South Zones all occur within close proximity of each other and provide Brigus with near-term production growth opportunities because of their proximity to the Black Fox Mine infrastructure.
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 Mine and Mill in the Timmins Gold District. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson.
Brigus also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.