[Most Recent Quotes from www.kitco.com]

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Biggest Gold Mine Ever Discovered? Wahooly!

Hold on to your gold and silver! And mining stock! CashInfo.org has found a new focus besides gold and silver: internet startups. As owner of this site I will start to post about internet startups in January when Wahooly.com launches! For the time being Wahooly is still accepting co-founders like me! If your Klout score is above 35 you get the chance to turn your influence into equity! This might be the biggest gold mine you have ever discovered! If this link to the special Klout Perk stills works, you’re in!

I became one of the co-founders @ Wahooly.com!

Wahooly Logo

Wahooly!

What the Wahooly?

Imagine that you owned just a fraction of Facebook, because you joined at start-up, let’s say 0,0002% well, today that would present a value of about $20 million. Or what if you had a piece of any company bought by Google? By signing up as a user to one of the startups that Wahooly presents to you, you become an instant shareholder in that startup. If you signup for all 200 startups that Wahooly presents over the next 12 months, you’ll be a shareholder in 200 startups.Let’s say that a new socially-driven photo sharing service is in need of initial users. They would contact Wahooly. They will ask them a series of questions, determine their potential in the marketplace and negotiate a percentage of equity that they’ll provide to these initial users.

Once the details have been ironed out, they send the opportunity for you to check out. If you like it, you signup. If you don’t like it, you do nothing and wait for the next one.

For the sake of the example, let’s say you liked it.

Now, this new startup offered up 5% equity for 5,000 users. That means that you, along with 4,999 other users all own an equal share of that 5%. Not too shabby for simply signing up.

What if you wanted a bigger piece of that pie?

As a shareholder, you hold the key to how much of that 5% you own. These startups are looking for active users, but more importantly, users that are willing to become advocates for their brand. And using a secret formula (aka: a real geeked-out algorithm), they track how big of a brand advocate you are. This is real-time tracking that you can monitor at any time by accessing your personal dashboard on Wahooly.com.

Your dashboard will provide you with the latest information on all of the startups you have a share of, along with your piece of pie. (Tracking it will be your new addiction.)

Conflicts of Interest?

Wahooly just announced a partnership with CMP.LY (pronounced ‘comply’), a tool that helps bloggers and other digital influencers disclose conflicts of interest.

Links:
Wahooly on Twitter ; Founders of Wahooly on Twitter: Dana Severson, Connor Hood, and Tony Holmes
Wahooly on Google+
My personal Twitter account (in Dutch) Alexander Aardema and on Klout

Back online!

Sorry the site didn’t get any updates since february.
But, starting today, we are back online!

Worked hard to get the software up-to-date, the most important new feature on the site will be that you can now comment using Facebook!
We are still testing a bit, so there could be some technical issues the coming day’s. Sorry!

Seabridge Reports Major New Gold/Copper Resource at KSM’s Iron Cap Zone

We bought Seabridge in the summer of 2010 @ $28.36 After this news today the price finally picked up, helped by rising gold prices as well. For the first time since June last year, the price broke true $32.50 again. This stock has totally missed  out on the rally gold had from August to December. Quote from CEO Rudi Fronk in September 2009 (when gold was about $1000) (Singular Research Annual “Best of the Uncovereds” Conference)

If you were to go out, the most common — the most common ETF to buy today is an instrument called GLD that you can buy on the New York Stock Exchange. GLD is backed by physical gold in a vault that’s monitored by a big investment banking — a big bank. You buy one share of GLD today, you’ll pay about $98 a share. And what you get, supposedly, is a tenth of an ounce of physical gold stored somewhere in a vault on your behalf. What makes GLD go up? Only the price of gold. That’s it. There are no other ways to move the price. You buy one share of Seabridge today, each one of our shares is now backed by 1.6 ounces of gold in the ground. And I’ll be the first to admit there is a difference of gold in the ground versus gold in a vault. But the ratio there of 16 times the amount of gold, compared to paying $97 a share of GLD versus $30 a share of Seabridge, you can see the leverage we provide.

You can see the share price has not benefited at all, with gold being above $1300 for a while now and the companies fundamentals have improved even more. Seabridge Gold is still a solid BUY! Do not expect quick results, but you can expect they will start looking around for a buyer for KSM in the next years (1-5 years) China sits on huge amounts of US$ and with QE1, QE2, talks of QE3 (and realy crazy people like Ben Bernanke probably are thinking about QE4 till QE-infinite)  the Chinese  might want to start spending it. So expect something in that order.

Seabridge News Release (source: company website):

Toronto, Canada…An independent mineral resource model for Seabridge Gold’s Iron Cap Zone at its 100% owned KSM project estimates a new indicated resource containing 5.1 million ounces of gold and 1.7 billion pounds of copper immediately adjacent to the Mitchell deposit. The indicated resource is flanked by a halo of inferred resources containing an additional 3.4 million ounces of gold and 1.3 billion pounds of copper. The Iron Cap resource estimate was prepared by Resource Modeling Inc. (“RMI”) of Stites, Idaho and will be incorporated into an updated Preliminary Feasibility Study (“PFS”) scheduled for completion in April 2011. The NI 43-101 compliant global resource estimate is as follows:

Iron Cap Mineral Resources

A new global resource estimate for the KSM project, including the Mitchell, Sulphurets and Kerr zones, will be released shortly.

Seabridge Gold President and CEO Rudi Fronk said “the Iron Cap resource has exceeded our expectations. Our objective was to book a five million ounce gold resource in all categories. In fact, we have achieved more than five million ounces of indicated resources with a superior copper grade which should help us optimize mine plans to maintain a favorable copper head grade. We expect that most of the indicated resource should qualify as reserves in our new PFS and improve the economics for the KSM project.”

RMI estimated gold and copper grades using inverse distance weighting methods within geologically constrained gold and copper grade domains that were constructed for the Iron Cap zone. The grade models were validated visually and by comparisons with nearest neighbor models. The estimated block grades were classified into indicated and inferred mineral resource categories based on mineralized continuity that was determined both visually and statistically (i.e. variogram ranges) together with the proximity to drill hole data. To facilitate comparisons with previous resource estimates, recoverable gold equivalent grades were calculated using the same $650 gold price with a 70% recovery rate and a $2.00 copper price with an 85% recovery rate. The cutoff grade for resource tabulation was set at 0.50 grams per tonne (g/t) gold equivalent, also consistent with the cutoff grade used for previous KSM resource estimates.

The resource model for Iron Cap incorporates data from a total of 51 core holes (41 drilled by Seabridge in 2010 plus 10 holes drilled by previous operators) totaling about 17,700 meters. Grades from the 10 holes drilled by previous operators were compared with nearby holes drilled by Seabridge.  The grades of the older holes were found to be comparable with the newer holes.  For example, the average gold grade of the old and new holes within 50 meters of one another was 0.43 and 0.45 g/t, respectively.  RMI reviewed the quality assurance/quality control protocols and results from Seabridge’s 2010 drilling program and has deemed that the number and type of gold and copper standard reference materials (standards, blanks, and duplicates) were reasonable. Based on the performance of those standard reference materials, RMI believes that the Seabridge drill samples are reproducible and suitable for estimating mineral resources. RMI constructed a preliminary block model in August 2010 using ten historic and eight 2010 Seabridge drill holes that had been completed as of that date.  After the 2010 drilling campaign was completed, RMI compared the grades from 33Seabridge core holes that were completed after the preliminary block model had been constructed.  This comparison showed that the newly obtained drill hole intervals were slightly higher in grade (gold, copper, silver, and molybdenum) than the estimated preliminary model blocks.  The infill drilling program also validated and expanded the volume of mineralization that was established by the initial ten drill holes.

Gold resource estimates included herein were prepared by Resource Modeling Inc. under the direction of Michael Lechner, who is independent of Seabridge and a Qualified Person as defined by National Instrument 43-101. Mr. Lechner is a highly regarded expert in his field and frequently undertakes independent resource estimates for major mining companies. Mr. Lechner has reviewed and approved this news release. The independent technical report detailing the Iron Cap resource model, plus updated resource estimates for the Mitchell, Sulphurets and Kerr zones will be filed on SEDAR at www.sedar.com.

Exploration activities by Seabridge Gold at KSM have been conducted under the supervision of William E. Threlkeld, Registered Professional Geologist, Senior Vice President of the Company and a Qualified Person as defined by National Instrument 43-101. An ongoing and rigorous quality control/quality assurance protocol was employed during the 2010 program including blank and reference standards in every batch of assays. Cross-check analyses are being conducted at a second external laboratory on 10% of the samples. Samples were assayed at Eco Tech Laboratory Ltd., Kamloops, B.C., using fire assay atomic adsorption methods for gold and total digestion ICP methods for other elements.

Seabridge holds a 100% interest in several North American gold projects. The Company’s principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s mineral reserves and mineral resources by category please visit the Company’s website at http://www.seabridgegold.net/resources.php.

All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This document contains “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as “forward-looking statements” are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the amount of mineral reserves and mineral resources; (ii) any potential for the increase of mineral reserves and mineral resources, whether in existing zones or new zones; (iii) the amount of future production; (iv) further optimization of the PFS including metallurgical performance; (v) completion of and submission of the Environmental Assessment Application; and (vi) potential for engineering improvements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.

All forward-looking statements are based on Seabridge’s or its consultants’ current beliefs as well as various assumptions made by them and information currently available to them. These assumptions include: (i) the presence of and continuity of metals at the Project at modeled grades; (ii) the capacities of various machinery and equipment; (iii) the availability of personnel, machinery and equipment at estimated prices; (iv) exchange rates; (v) metals sales prices; (vi) appropriate discount rates; (vii) tax rates and royalty rates applicable to the proposed mining operation; (viii) financing structure and costs; (ix) anticipated mining losses and dilution; (x) metallurgical performance; (xi) reasonable contingency requirements; (xii) success in realizing further optimizations and potential in exploration programs and proposed operations; (xiii) receipt of regulatory approvals on acceptable terms, including the necessary right of way for the proposed tunnels; and (xiv) the negotiation of satisfactory terms with impacted First Nations groups. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost information is also prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur, but specifically include, without limitation: risks relating to variations in the mineral content within the material identified as mineral reserves or mineral resources from that predicted; variations in rates of recovery and extraction; developments in world metals markets; risks relating to fluctuations in the Canadian dollar relative to the US dollar; increases in the estimated capital and operating costs or unanticipated costs; difficulties attracting the necessary work force; increases in financing costs or adverse changes to the terms of available financing, if any; tax rates or royalties being greater than assumed; changes in development or mining plans due to changes in logistical, technical or other factors; changes in project parameters as plans continue to be refined; risks relating to receipt of regulatory approvals or settlement of an agreement with impacted First Nations groups; the effects of competition in the markets in which Seabridge operates; operational and infrastructure risks and the additional risks described in Seabridge’s Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) for the year ended December 31, 2009 and in the Corporation’s Annual Report Form 40-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml). Seabridge cautions that the foregoing list of factors that may affect future results is not exhaustive.

When relying on our forward-looking statements to make decisions with respect to Seabridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Seabridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Seabridge or on our behalf, except as required by law.


ON BEHALF OF THE BOARD

“Rudi Fronk”
President & C.E.O.


For further information please contact:
Rudi P. Fronk, President and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.net

Great Panther Silver Secures US Listing on NYSE Amex

We bought Great Panther in September 2009 @ CA$0.84 this means a 202% profit. The news today that GPR will list on NYSE Amex starting tomorrow under the trading symbol GPL will mean more private investors will be able to buy shares of this company. We did sell about 50% of our GPR stock recently, that is just the strategy we us, we now basically own free shares in the company and intend to NEVER sell them again, unless the stock is seriously over priced. Even after the long bull run this stock has had the last two years, Great Panther is still a solid BUY, especially when you compare the fundamentals with industry peers.

Great Panther News Release (source: company website):

GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE Amex: GPL; the “Company”) is pleased to announce that its common shares have been authorized for listing on the NYSE Amex stock exchange in the United States. The Company expects the shares to begin trading on or about February 8, 2011 under the trading symbol “GPL”. The Company will retain its listing on the Toronto Stock Exchange (TSX) in Canada under the trading symbol “GPR”.

“With a significant number of US shareholders already in place, the increased exposure anticipated from Great Panther’s NYSE Amex listing will further expand the Company’s shareholder base and provide US investors, in particular, many of whom have a serious interest in the ownership of silver and silver equities, with a simpler opportunity to trade the common shares of a solid company with strong leverage to silver prices”, said Executive Chairman, Kaare Foy. 

“We welcome Great Panther Silver to NYSE Amex,” said John Casale, Vice President — NYSE Euronext, “and expect that this listing will benefit the Company by providing greater access to institutional and retail investors.”

Robert Archer, President and CEO, commented today: “Great Panther’s listing on the NYSE Amex is both a milestone and a logical step in the successful development of the Company. It is also a testament to the talent and dedication of our entire team and something that they should all be proud of. As Great Panther continues to expand its production and resources through mine development, new discoveries and acquisitions, we anticipate that the new listing will facilitate greater trading volumes, visibility and market recognition.” 

Great Panther Silver Limited is a profitable and rapidly growing primary silver producer operating two 100%-owned mines in Mexico. Its flagship operation, the Guanajuato Mine Complex, forms part of the Guanajuato mining district, historically, the second largest silver producing region in Mexico, having produced more than one billion ounces of silver since the year 1600. Great Panther generates approximately 70% of its revenue from silver and 23% from gold, making it very much a precious metals company. A small amount of lead-zinc is also produced as a by-product at the Company’s Topia Mine in Durango State.

For further information, please visit the Company’s website at www.greatpanther.com, contact BD Capital at telephone 604 685 6465, call the Company toll free at 1-888-355-1766, or e-mail info@greatpanther.com.

ON BEHALF OF THE BOARD

“Robert A. Archer”

Robert A. Archer, President & CEO

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, “forward-looking statements”). Such forward-looking statements may include but are not limited to the Company’s plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company’s operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company’s Annual Report on Form 20-F for the year ended December 31, 2009 and reports on Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

Avino Provides Update on San Gonzalo Mining & Milling and Commences 2011 Drill Program

Avino News Release:

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 2, 2011) - Avino Silver and Gold Mines Ltd. (TSX VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) is pleased to provide the following update on mining and milling operations for the past 3 months.

The processing of surface stockpiles of copper ore to test the new mill facilities was completed in October 2010. Approximately 17,500 tonnes were treated resulting in 419 tonnes of concentrate. Recovery rates were 66% Gold, 58% Silver and 56% copper. The sale of this concentrate has been finalized with a payment of US$1,016,680.00.

In November, following the relining of the ball mill and the changeover of several conveyor belts in the crushing plant, processing of the San Gonzalo development material began with a daily treatment rate of approximately 180 tonnes per day. This rate was maintained until the development material was finished on January 14, 2011. During this period, a total of 5,896 tonnes of development ore was processed for the production of 192 tonnes of concentrate grading 11.54g/t gold, 3.617kg/t silver with minor amounts of copper, lead and zinc. Feed grade averaged 205g/t Ag and 0.78g/t Au. Plans are being formulated and plant testing will continue to determine the optimum process conditions in order to improve the recoveries.

With an inventory of approximately 200 wet tonnes of bulk concentrate, proposals are currently being sought from various interested parties for the sale of the product.

Development for the extraction of the 10,000 tonne bulk sample was completed by the mining contractor (DMG) in early January. The main Stope 2-140 has approximately 6350 tonnes ready for drawdown and there is approximately 4700 tonnes on stockpile near the crushing plant. The smaller stope to the West where a cut and fill mining method is used has the potential for additional mill feed with further development. The broken ore inventory to date will provide approximately 4 months of mill feed at the current milling rate. Plans are now in place to develop the zone to the East on level 2260 towards drill hole SG-07-33 for future mill feed. This is a wide structure with good potential.

Following a complete overhaul of Avino’s longyear 44 drill and a new drill contract for personnel and materials, Avino started its regional exploration drill program on January 27 and the first hole SG-11-01 was finished January 30th. The hole was drilled on bearing 215,dip 60 length 88.75 m and successfully intersected the San Gonzalo structure from hole 80.90 to 83.40m east of the area currently being mined. 

Holes SG-11-02 thru SG-11-09 will all explore areas of San Gonzalo as a guide to mine development; hole locations can be viewed on Avino’s website, http://www.avino.com/i/pdf/AvinoNRFeb0211.pdf

Material from the surface stockpiles was assayed on site and at SGS Labs in Durango. Development material from the San Gonzalo zone was assayed at SGS, Durango.

ON BEHALF OF THE BOARD

David Wolfin, President

This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact

Avino Silver & Gold Mines Ltd.
David Wolfin
President
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com

Brigus Gold and GLR Resources Agree on Equipment Contract

We recently bought shares of Brigus @ $1.88 using today’s close of $1.62 this means a 13,8% loss. The loss can be explained by tanking gold prices, the fundamentals have not changed, and we still consider Brigus to be a solid BUY.

Brigus News Release:

Halifax, Nova Scotia; and Kirkland Lake, Ontario – January 27, 2011– Brigus Gold Corp. (“Brigus”; TSX: BRD; NYSE Amex: BRD) and GLR Resources Inc. (“GLR”; CNQX: GLE) jointly announce that they have reached an agreement regarding the reimbursement by Brigus to GLR in connection with certain equipment originally ordered by GLR.  This equipment was related to Brigus’ wholly owned Goldfields Project in Saskatchewan. A predecessor company of Brigus had acquired the Goldfields Project from GLR.

Pursuant to the agreement, Brigus will issue to GLR 1,396,134 common shares of Brigus valued at CAN$2,443,235 based on a deemed price of CAN$1.75 per share and will make cash payments aggregating US$60,000.  The agreement is subject to receipt of requisite regulatory approvals and discontinuance of the outstanding legal action between Brigus and GLR.

Brigus intends to develop the Goldfields Project into a producing gold mine within the current schedule as early as 2013, pending a development decision by June 2011.

GLR is a Canadian‐based junior mining and exploration company focused on existing projects in Ontario and Quebec.

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 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 Black River-Matheson, Ontario, Canada.  Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus holds a 100% interest in the Ixhuatan Project located in the state of Chiapas, and a 3% NSR interest in the Huizopa Project, an early stage, gold-silver exploration project located in the state of Chihuahua.  In the Dominican Republic, Brigus Gold has a joint venture covering three mineral exploration projects.

Contact Information:

GLR Resources Inc.

Robert Kasner, President and Chief Executive Officer

Phone: (705) 567-5351

Brigus Gold Corp.

Wendy Yang, Vice President of Investor Relations

Phone: 720-886-9656 Ext. 217

E-mail: ir@brigusgold.com

Website: www.brigusgold.com
Cautionary and Forward-Looking Statements

This news release includes “Forward-Looking Statements” within the meaning of certain securities legislation.  All statements regarding the timing and decision of development for the Goldfields Project are forward-looking statements and estimates that involve various risks and uncertainties.  These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast, including management’s best judgement based on current conditions and expected future developments. 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’ 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’ documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission, on SEDAR, and other regulatory authorities.  All forward-looking statements included in this news release are based on information available to Brigus on the date hereof.  Brigus assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

Halifax, Nova Scotia; and Kirkland Lake, Ontario – January 27, 2011– Brigus Gold Corp. (“Brigus”; TSX: BRD; NYSE Amex: BRD) and GLR Resources Inc. (“GLR”; CNQX: GLE) jointly announce that they have reached an agreement regarding the reimbursement by Brigus to GLR in connection with certain equipment originally ordered by GLR.  This equipment was related to Brigus’ wholly owned Goldfields Project in Saskatchewan. A predecessor company of Brigus had acquired the Goldfields Project from GLR.

Pursuant to the agreement, Brigus will issue to GLR 1,396,134 common shares of Brigus valued at CAN$2,443,235 based on a deemed price of CAN$1.75 per share and will make cash payments aggregating US$60,000.  The agreement is subject to receipt of requisite regulatory approvals and discontinuance of the outstanding legal action between Brigus and GLR.

Brigus intends to develop the Goldfields Project into a producing gold mine within the current schedule as early as 2013, pending a development decision by June 2011.

GLR is a Canadian‐based junior mining and exploration company focused on existing projects in Ontario and Quebec.

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 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 Black River-Matheson, Ontario, Canada.  Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus holds a 100% interest in the Ixhuatan Project located in the state of Chiapas, and a 3% NSR interest in the Huizopa Project, an early stage, gold-silver exploration project located in the state of Chihuahua.  In the Dominican Republic, Brigus Gold has a joint venture covering three mineral exploration projects.

Contact Information:

GLR Resources Inc.

Robert Kasner, President and Chief Executive Officer

Phone: (705) 567-5351

Brigus Gold Corp.

Wendy Yang, Vice President of Investor Relations

Phone: 720-886-9656 Ext. 217

E-mail: ir@brigusgold.com

Website: www.brigusgold.com
Cautionary and Forward-Looking Statements

This news release includes “Forward-Looking Statements” within the meaning of certain securities legislation.  All statements regarding the timing and decision of development for the Goldfields Project are forward-looking statements and estimates that involve various risks and uncertainties.  These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast, including management’s best judgement based on current conditions and expected future developments. 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’ 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’ documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission, on SEDAR, and other regulatory authorities.  All forward-looking statements included in this news release are based on information available to Brigus on the date hereof.  Brigus assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

Source: Company website

Great Panther Extends Guanajuatito Silver-Gold Zones To Depth

We bought Great Panther in September 2009 @ CA$0.84 using today’s close of CA$1.95 this means a 132% gain. Recently we sold 50% of our shares @ CA$2.75 (a 227% gain) because of our unique strategy. We still think Great Panther has a lot of upward potential, and with more development en exploration on the way, this company is a real pearl!  We keep Great Panther at a BUY advise.

Great Panther News Release:

GREAT PANTHER SILVER LIMITED (TSX: GPR; the “Company”) is pleased to announce the discovery of deeper mineralized silver-gold zones at the Guanajuatito Mine at the northwest end of the Guanajuato Mine Complex. The deep drilling program is being conducted at 25-50 metre intervals from several drill stations on the Guanajuatito Mine cross-cut, located on the 100 metre level. The drilling program has been successful in extending silver-gold mineralization below the current level of mining on the 80 metre level, down to the 245 metre level. The new mineralization has been defined over a strike length of approximately 100 metres and for an additional 150 metres vertically. Highlights from 21 drill holes completed in 2010 plus several earlier drill holes in the deeper (below the 80 metre level) portions of Guanajuatito are listed below. A more complete listing of results and a longitudinal section showing the drill holes have been added to the Company website.

Using information from mining the upper levels and the new drilling, two mineralized zones are interpreted from the data – the Veta Madre zone, and a slightly deeper Footwall zone. Typically, the mineralized portion of the zones pinches and swells with true widths varying from less than one metre to 4.6 metres. Typifying the above observations are Veta Madre intersections for UGG10-008 that intersected 8.52g/t gold and 1,300g/t silver over a true width of 0.61 metres, and UGG10-009 that intersected 0.87g/t gold and 241g/t silver over a true width of 3.59 metres. The best and deepest (245 level) Footwall zone intersection returned 2.77g/t gold and 839g/t silver over a true width of 1.72 metres in UGG10-021.

Drilling is being conducted from drill stations in a hanging wall cross-cut on the 100 metre level. Modeling of the structures is presently being completed and ramp access has intersected the Veta Madre on the 120 metre level. Future plans call for a hanging wall exploration drive sublevel to be driven both northwest and southeast to accommodate additional drill stations at 50 metre intervals to test the mineralized zones in the Guanajuatito Mine area from the 100 metre level down to the 390 metre level (approximately 400 metres down dip), and along 500 metres of strike.

Andrew Sharp, Guanajuato Mine Manager stated, “Ore development on the 120 level is underway and the provision of ventilation for the first ore level is a priority. Once this commences, ramp development to subsequent stope levels for future production will re-commence. Given the good exploration results to date, further exploration potential along strike and the advancing ramp depth, additional capital has been committed in the form of a deeper electrical distribution network.”

The Guanajuatito Mine was the first area at Guanajuato to be drilled by Great Panther in 2005 and one of the first to commence mining. While the upper levels (from the +20 metre level down to the 80 metre level) were drilled from surface, and subsequently mined out (76,668 tonnes at 254g/t Ag and 1.69g/t Au, for 876,000 Ag eq oz using a 60:1 silver:gold ratio), this zone was never included in any NI 43-101 compliant resource. The new drilling on the deeper levels will, however, be brought into the Company’s next resource update later this year.

Highlights of Deep Guanajuatito Drill Holes

Hole Number From (m) To (m) Width (m) True Width (m) Au (g/t) Ag (g/t) Zone
UG09-084P

1.8

7.9

5.8

4.1

2.36

429

VM
UG09-080

29.0

31.7

2.7

1.74

1.01

175

VM
SG08-070

247.5

249.24

1.74

1.22

0.46

100

VM
UGG10-001

28.5

30.4

1.9

1.8

1.28

115

VM
UGG10-002

32.5

35.05

2.55

2.4

1.87

455

FW
UGG10-003

45.25

49.6

4.35

2.8

0.46

307

FW
UGG10-005

109.15

111.65

2.5

2.17

1.22

194

FW
UGG10-006

88

90.5

2.5

2.49

0.44

140

FW
UGG10-008

102.95

103.65

0.7

0.61

8.52

1300

VM
UGG10-009

147.95

151.55

3.6

3.59

0.87

241

VM
UGG10-009

154.3

156.15

1.85

1.84

1.72

377

FW
UGG10-012

41.5

42.05

0.55

0.55

2.51

558

VM
UGG10-017

87.8

91.4

3.6

3.58

1.03

194

VM
UGG10-019

146.7

151.3

4.6

4.44

1.17

274

VM
UGG10-021

168.2

170.1

1.9

1.72

2.27

839

FW

VM: Veta Madre zone; FW: Footwall zone.

Robert F. Brown, P. Eng. and Vice President of Exploration for the Company is the Qualified Person for the Guanajuato Mine, under the meaning of NI 43-101. A full QA/QC program is being followed including the regular insertion of splits, blanks, and standards into the core sampling sequence. Analysis of the drill core samples will be conducted at the Guanajuato Mine on-site laboratory, independently operated by SGS.

For further information, please visit the Company’s website at www.greatpanther.com, contact B&D Capital at telephone 604 685 6465, fax 604 899 4303 or e-mail info@greatpanther.com.

ON BEHALF OF THE BOARD

“Robert A. Archer”

Robert A. Archer, President & CEO

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, “forward-looking statements”). Such forward-looking statements may include but are not limited to the Company’s plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company’s operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company’s Annual Report on Form 20-F for the year ended December 31, 2009 and reports on Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

Source: Company website

Seabridge Improves Size, Grade and Quality of Courageous Lake Gold Resource

Seabridge News Release:

Toronto, Canada – An updated, independent mineral resource model for Seabridge Gold’s 100% owned Courageous Lake project in Canada’s Northwest Territories has (i) significantly increased the measured and indicated gold resources (ii) improved the average grade of the resource and (iii) increased the size of the deposit. The next step is to incorporate the updated resource model, prepared by Resource Modeling Inc. (“RMI”) of Stites, Idaho, into a new Preliminary Assessment (“PA”) scheduled for completion in April 2011.

The new NI 43-101 compliant resource estimate prepared by RMI is as follows:

Courageous Lake Gold Resources

Seabridge Gold President and CEO Rudi Fronk said the new model “incorporates data from 49 diamond core holes drilled in 2010 totaling about 22,000 meters. The focus of the 2010 drilling program was to upgrade inferred resources to higher categories. Using the same cut-off grade as the 2007 resource model, measured and indicated gold resources have increased by 60% while the average grade of these categories improved by 5%. Nearly all of that gain came from upgrading previously defined inferred resources to measured or indicated categories. In addition, the 2010 drilling found new inferred resources and increased the average grade of the inferred by 13% from the 2007 estimate. The new resource model and a substantially higher gold price should significantly enhance project economics in the April 2011 PA. The 2008 PA was based on $690 gold. In the current environment, we believe that Courageous Lake could be a highly robust gold project.”

For a detailed summary of the 2007 resource model see http://www.seabridgegold.net/NFeb28-07.pdf and for the 2008 PA see http://www.seabridgegold.net/NMar10-08.pdf.

The new resource model constructed for the Courageous Lake deposit now incorporates data from a total of 560 holes drilled by Seabridge, Noranda and Placer Dome totaling 150,584 meters. Gold mineralization within the Courageous Lake deposit is hosted in the upper part of an assemblage of Archean age felsic pyroclastic rocks, just below a transition zone to volcanoclastic and sedimentary rocks.

Similar to the 2007 estimate (also completed by RMI), block model gold grades for this latest Courageous Lake model were estimated using a multiple pass inverse distance weighting interpolation procedure. The 2010 drilling program was highly successful with the new drill hole assay data showing that (i) the 2007 model was a reasonable predictor of “ore and waste” and that (ii) a back analysis of comparing the 2010 drill hole intersections against the 2007 block model demonstrates a net gain of contained gold. In addition to using mineral zone wireframes to constrain the estimate of block grades, a dynamic anisotropic search strategy was used to select eligible composites. The search ellipse was allowed to dynamically conform to the hanging and footwall contacts of the key mineral zones, providing for a more geologically consistent and realistic distribution of in situ block gold grades. Individual assay grades were capped for each zone prior to compositing the assay data and interpolating block grades. The estimated block grades were classified into Measured, Indicated, and Inferred Mineral Resource categories using distance to drilling data and the number of drill holes used to estimate the block grades. For the principal mineral zones (3-5) Measured Resources were defined for blocks estimated by one or more drill holes within 7.5 meters of the block. For those same principal mineral zones, Indicated Resources were defined by blocks estimated by two or more drill holes with at least one sample within 30 meters of the block. Inferred Mineral Resources were defined by blocks estimated by at least one drill hole with a maximum allowable assay projection distance of 65 meters. It is RMI’s opinion that the new resource model is globally unbiased and locally reflects the grade of nearby drill hole composites.

The following table provides global resource estimates from the new model at various gold cutoff grades:

Courageous Lake Resource Comparison by Cut-off Grade

The cutoff grade for resource tabulation was set at 0.83 grams per tonne, consistent with cut-off grade used for previous Courageous Lake resource estimates. In all likelihood, the cut-off grade that will be employed in the 2011 PA will be lower than 0.83 grams per tonne due to higher gold prices.

Gold resource estimates included herein were prepared by Resource Modeling Inc. under the direction of Michael Lechner, who is independent of Seabridge and a Qualified Person as defined by National Instrument 43-101. Mr. Lechner is a highly regarded expert in his field and frequently undertakes independent resource estimates for major mining companies. Mr. Lechner has reviewed and approved this news release. The independent technical report detailing the new Courageous Lake resource model will be filed on SEDAR at www.sedar.com.

Exploration activities by Seabridge Gold at the Courageous Lake gold project have been conducted under the supervision of William E. Threlkeld, Registered Professional Geologist, Senior Vice President of the Company and a Qualified Person as defined by National Instrument 43-101. A rigorous quality control/quality assurance protocol was employed during the 2010 Courageous Lake drill program including blank and certified reference standards inserted by the Company in every batch of assays. Repeats and re-splits of the sample rejects were analyzed at a rate of not less than one sample in every 25 for each type. Samples were assayed at Acme Laboratories, Vancouver, B.C. using fire assay atomic adsorption methods for gold and total digestion ICP methods for other elements. Cross-check analyses were conducted at a second external laboratory on at least 10% of the samples.

Seabridge holds a 100% interest in several North American gold projects. The Company’s principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s mineral reserves and mineral resources by category please visit the Company’s website at http://www.seabridgegold.net/resources.php .

All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This document contains “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as “forward-looking statements” are made as of the date of this document but many of them relate to estimates and projections prepared in 2007 and 2008. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the amount of mineral reserves and mineral resources; (ii) the amount of future production over any period; (iii) cumulative pre-tax net cash flow of the proposed mining operation; (iv) capital costs; (v) operating costs, including credits from the sale of other metals; (vi) mining rates; (vii) mine life; (vii) planned expenditures; and (viii) upgrading inferred resources. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.

All forward-looking statements are based on Seabridge’s or its independent consultants’ current beliefs as well as various assumptions made by them and information available to them on the date the statements are made. These assumptions include: (i) the presence of and continuity of metals at the Project at modeled grades; (ii) the capacities of various machinery and equipment; (iii) the availability of personnel, machinery and equipment at estimated prices; (iv) exchange rates; (v) metals sales prices; (vi) appropriate discount rates; (vii) tax rates and royalty rates applicable to the proposed mining operation; (viii) financing structure and costs; (ix) anticipated mining losses and dilution; (x) metals recovery rates, (xi) reasonable contingency requirements; (xii) receipt of regulatory approvals on acceptable terms; and (xiii) the negotiation of satisfactory terms with impacted First Nations groups. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward-looking statements, such as statements of cumulative pre-tax net cash flow, which are based on other forward-looking statements and assumptions. The cost information is also prepared using earlier values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur, but specifically include, without limitation, risks relating to variations in the mineral content within the material identified as mineral reserves from that predicted; variations in rates of recovery and extraction; developments in world metals markets;, risks relating to fluctuations in the Canadian dollar relative to the US dollar; increases in the estimated capital and operating costs or unanticipated costs; difficulties attracting the necessary work force; increases in financing costs or adverse changes to the terms of available financing, if any; tax rates or royalties being greater than assumed; changes in development or mining plans due to changes in logistical, technical or other factors; changes in project parameters as plans continue to be refined; risks relating to receipt of regulatory approvals or settlement of an agreement with impacted First Nations groups; the effects of competition in the markets in which Seabridge operates; operational and infrastructure risks; and the additional risks including those described in the December 31, 2009 Corporation’s Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) and in the Corporation’s Annual Report Form 40-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml). Seabridge cautions that the foregoing list of factors that may affect future results is not exhaustive.

When relying on our forward-looking statements to make decisions with respect to Seabridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Seabridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Seabridge or on our behalf, except as required by law.


ON BEHALF OF THE BOARD

“Rudi Fronk”
President & C.E.O.


For further information please contact:
Rudi P. Fronk, President and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.net

Source: Company website

Minera Andes Announces Increased Silver and Gold Production for the Fourth Quarter and for the Year 2010 at the San José Mine

Today Minera Andes announced positive results for the fourth quarter. The proceeds from this project allows the company to continue to explore their large claims. We bought Minera Andes in September 2009 @ CA$0.84 today the stock gained 3.29% against slumping commodity prices to close at CA$2.51 This means a 198.8% gain since we picked this stock in September 2009. Using the three step retirement plan we wrote about in a previous post we own this stock for free now!

Minera Andes News Release:

TORONTO, ONTARIO – January 19, 2011 – Minera Andes Inc. (the “Corporation” or “Minera Andes”) (TSX: MAI and US OTC: MNEAF) announces the San José mine production results for the fourth quarter of 2010 and the year ended December 31, 2010. During the fourth quarter, the San José mine produced 1,871,440 ounces of silver and 26,141 ounces of gold, of which 49% is attributable to Minera Andes. For the full year of 2010 silver production was 5,323,842 ounces and gold production was 84,303 ounces.

SAN JOSÉ MINE PRODUCTION COMPARISON (100% BASIS)*

Production Total
2010
Q4
2010
Q3
2010
Total
2009
Q4
2009
Ore production (tonnes) 461,134 135,710 112,681 460,971 100,460
Average head grade silver (g/t) 397 475 423 398 351
Average head grade gold (g/t) 6.14 6.34 6.42 6.19 7.34
Silver produced (ounces) 5,323,842 1,871,440 1,408,501 4,997,700 1,032,025
Gold produced (ounces) 84,303 26,141 22,025 77,075 19,961
Silver equivalent production (ounces) 10,382,041 3,439,929 2,729,995 9,622,222 2,229,687
Net silver sold (ounces) 5,169,675 1,916,163 1,219,676 5,072,023 988,747
Net gold sold (ounces) 83,326 26,900 19,932 77,220 19,233

*49% of the San José mine production is attributable to Minera Andes Inc.

Fourth quarter 2010 silver production was 33% higher and gold production was 19% higher compared to the third quarter of 2010. The increase in silver and gold production was the result of increased mill throughput, increased metallurgical recoveries for silver and gold, and higher grades for silver compared to the third quarter. The mill is currently operating routinely at full capacity. The increase in mill throughput was due to the development of additional production areas in the mine, and the improved silver grade was due to production from higher grade silver areas and because of incremental silver production from the Merrill Crowe circuit in the mill. Fourth quarter 2010 silver production increased 81% and gold increased 31% compared to the fourth quarter of 2009. Production in the fourth quarter of 2009 was reduced because of 15 days of labour disruptions.

Fourth quarter production cost information will be provided jointly with the financial results for the fourth quarter which are due to be filed at the end of March 2011.

Sales of silver and gold were 57% and 35% higher, respectively, in fourth quarter of 2010 compared to the third quarter as a result of increased ore production and a decrease in products inventory. Compared to the same quarter last year, sales of silver and gold in the fourth quarter of 2010 were 94% and 40% higher, respectively. This was mainly due to increases in mill throughput, metallurgical recoveries and head grades.

This news release is submitted by James K. Duff, Chief Operating Officer of Minera Andes Inc.

About Minera Andes Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: A 49% interest in Minera Santa Cruz SA, owner of the San José Mine in close proximity to Goldcorp Inc.’s Cerro Negro project; 100% ownership of the Los Azules copper deposit with an inferred mineral resource of 10.3 billion pounds of copper and an indicated resource of 2.2 billion pounds of copper; and, 100% ownership of a portfolio of exploration properties bordering Goldcorp Inc.’s Cerro Negro project in Santa Cruz Province. The Corporation had $10 million USD in cash as at September 30th 2010 with no bank debt. Rob McEwen, Chairman and CEO, owns 33% of the company.

About Minera Santa Cruz Minera Santa Cruz SA is a joint venture owned 51% by Hochschild Mining Argentina, a wholly owned subsidiary of Hochschild Mining plc, and 49% by Minera Andes S.A., a wholly owned subsidiary of the Corporation. The joint venture owns and operates the San José property.

About Hochschild Mining plc Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over forty years of experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru, one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has numerous long-term prospects throughout the Americas.

For further information, please contact: Andrew Elinesky or visit our Web site: www.minandes.com.

Andrew Elinesky
Controller
99 George St. 3rd Floor,
Toronto, Ontario, Canada. M5A 2N4
Toll-Free: 1-866-441-0690
Tel:647-258-0395
Fax: 647-258-0408
E-mail: info@minandes.com

Reliability of Information
Minera Santa Cruz S.A., the owner and operator of the San José mine, is responsible for and has supplied to the Corporation all reported results from the San José mine. This press release is based entirely on information provided to Minera Andes by Minera Santa Cruz S.A. (“MSC”). Minera Andes’ joint venture partner, a subsidiary of Hochschild Mining plc, and its affiliates other than MSC do not accept responsibility for the use of project data or the adequacy or accuracy of this release. As the Corporation is not the operator of the San José mine, there can be no assurance that production information reported to the Corporation by MSC is accurate, the Corporation has not independently verified such information and readers are therefore cautioned regarding the extent to which they should rely upon such information.

Caution Concerning Forward-Looking Statements:
This press release contains certain forward-looking statements and information. The forward-looking statements and information express, as at the date of this press release, the Corporation’s plans, estimates, forecasts, projections, expectations or beliefs as to future events and results, including the outcome of pending and current litigation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant business, economic and competitive uncertainties and contingencies and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks, risks associated with foreign operations, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves and other risks

Readers should not place undue reliance on forward-looking statements or information. The Corporation undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See the Corporation’s annual information form for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

Source: Company website

Positive Exploration Drilling Results Continue at Brigus Gold’s Black Fox Complex

Recently we bought shares of Brigus Gold (BRD) @ CA$1.88 today the stock closed @ CA$1.83 We think the stock has the potential of doubling its value within a year and we will continue to watch this company closely.

Brigus Gold News Release:

Halifax, Nova Scotia; January 12, 2011 – Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD; TSX: BRD) has received all assay results from 14 drill holes and partial assay results from an additional three drill holes as part of an  ongoing exploration program at the Company’s 100% owned Black Fox Complex located in the Timmins Mining District, Ontario. The current exploration program is designed to expand the Black Fox Complex gold resource by systematically drilling mineralized structures.

Highlights from recent assay results include (all uncut, average gold grades with estimated true widths, unless otherwise noted):

Contact Zone

  • GF10-106:
    • 8.40 grams of gold per tonne (“gpt”) over 3.99 metres (“m”), and
    • 3.08 gpt over 4.23 m

  • GF10-114:
    • 12.10 gpt over 12.27 m
      • including 168.65 gpt over 0.81m
  • GF10-125:
    • 3.26 gpt over 15.21 m
      • including 5.28 gpt over 3.03 m
      • including 7.19 gpt over 3.75 m

New Discovery – Grey Fox South

  • GF10-115:
    • 10.65 gpt over a core length of 6.0 m
      • including 23.32 gpt over a core length of 1.0 m
      • including 16.12 gpt over a core length of 1.0 m
      • including 18.84 gpt over a core length of 1.0 m

The exploration program is following up on historical data and drill results while also testing new targets within the Black Fox Complex.  Three drill rigs are testing high potential gold targets at the Black Fox Complex  including: the Contact Zone, the Historic Gibson Deposit, the Gibson Shear, the School House Zone, the Hislop North Zone and the new Grey Fox South target recently identified from the positive results from drill  hole GF10-115. All targets are located within four kilometres (“km”) of the Company’s operating Black Fox Mine, providing the opportunity for Black Fox resource additions and rapid advancement.  In addition,  during the first quarter of 2011, Brigus will commence drilling on the Black Fox Mill property, host to the past producing Stock gold mine, located 31 km west of the Black Fox Mine.

Howard Bird, P. Geo., Vice President of Exploration for Brigus, said, “The Black Fox Complex drill program continues to confirm continuity of gold mineralization from multiple drill holes within the Contact Zone.  The discovery of high grade gold mineralization in the new Grey Fox South target, from hole GF10-115 which returned 10.65 gpt over a core length of 6.0 metres, is very encouraging and will be followed up with additional drilling.”

Contact Zone

The Contact Zone consists of a steeply dipping mineralized fault contact between the north-south trending metasediments and mafic volcanic rocks, and two other parallel mineralized zones.  The Contact Zone extends for at least 1,200 m and is open along strike and at depth.  The general dip of the feature is 78 degrees to the east with horizontal widths varying from 3.5 m to 35 m.

GF10-106displayed some visible gold and intersected 8.40 gpt gold over a true width of 3.99 m at 160 vertical m from surface and 3.08 gpt of gold over a true width of 4.23 m at 240 vertical m from surface.  The results from GF10-106 have expanded the gold mineralization from the assay results of GF09-45, drilled in 2009 on the same vertical section, which returned 6.07 gpt gold over a true width of 2.95m at approximately 130 vertical m from surface.

GF10-114intersected 12.10 gpt gold over a true width of 12.27 m, including 168.65 gpt gold over a true width of 0.81 m with visible gold in the sample.  The positive gold intersection is significant as it is located approximately 200 m along strike to the south from the main Contact Zone area. There are 27 assay samples pending from GF10-114.

Hole GF10-125 displayed some visible gold and intercepted 3.26 gpt gold over a true width of 15.21 m beginning at 85 vertical m from surface, including 5.28 gpt gold over a true width of 3.03 m, and 7.19 gpt gold over a true width of 3.75 m.   There are still 147 sample assays pending from GF10-125.  Hole GF10-103, drilled on vertical section with GF10-125, intersected 3.03 gpt gold over a true width of 2.83 m at 105 vertical m from surface, and 3.20 gpt gold over a true width of 2.37 m at 225 vertical m from surface.

Assay results over 2.0 gpt gold are listed in a table in Appendix 1 of this news release posted on the Company’s website at www.brigusgold.com.  An additional six drill holes have been completed on the Contact Zone and assays are pending.

Exploration Outlook

Commenting on the exploration potential at the Black Fox Complex, Mr. Bird said, “Over the next two years, our exploration team will focus on adding significant ounces to the gold mineral resources at the Black Fox Complex.  In addition to surface drilling, we also plan to target resource additions from underground drill stations at the Black Fox Mine.  Underground drilling will initially target gold mineralization to the southeast of the last underground drill station to follow up on positive results from previous drilling in 2004 and 2005 where three drill holes returned true width gold intersections of 31.16 gpt over 6.25 m, 7.48 gpt over 3.49 m and 12.65 gpt over 3.07 m.”

Surface drilling was conducted by Norex Drilling and was supervised by the Black Fox exploration staff.  All 2010 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 and standards 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 Mine and Mill in the Timmins Gold District of Ontario, Canada.  The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada.  Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus Gold holds a 100 percent interest in the Ixhuatan Project located in the state of Chiapas, and a 3% Net Smelter Royalty in the Huizopa exploration project located in the State of Chihuahua.  In the Dominican Republic, Brigus has a joint venture covering three mineral exploration projects.

Contact Information:

Wendy Yang, Vice President of Investor Relations

Phone: 303-524-3203

E-mail: ir@brigusgold.com

Cautionary Note to U.S. Investors Concerning Estimates of Mineral Resources

This news release uses the term mineral “resources”.  The Company advises U.S. investors that while these terms are defined in and required by Canadian regulations, these terms are not defined terms under the U.S. Securities and Exchange Commission (“SEC”) Industry Guide 7 and are generally not permitted to be used in reports and registration statements filed with the SEC.  The SEC generally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant “reserves” as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.

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.

Source: Company website