BRD: Black Fox Underground Development

KERRY SMITH, Haywood Securities (02/28/2011)
"Brigus announced that construction of the ventilation and service raise was completed on February 12, 2011. The associated underground services are undergoing final connection and commissioning, after which the old infrastructure will be removed by March 15, 2011, and mining will resume in the open pit.

Near-Term Catalysts: 1.) Completion of the ramp—late Q1/11; 2.) Exploration results on Pike River from underground and surface drilling—ongoing; and 3.) Exploration results and an initial resource estimate from Grey Fox—Q111."

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