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Brigus Gold Provides Update on Goldfields Project

11.11.10

In response to the November 10, 2010 news release issued by GLR Resources Inc. (“GLR”), Brigus Gold Corp. (“Brigus Gold” or the “Company”) (TSX:BRD.to - News) (NYSE Amex: BRD) advises that on October 28, 2010, it took proactive steps to communicate and confirm with GLR, various deficiencies and contractual breaches related to certain equipment originally ordered by GLR, in connection with Brigus Gold’s wholly owned Goldfields Project. The deficiencies were identified and confirmed by independent consulting engineers retained by Brigus Gold.

The dispute with GLR, from whom Brigus Gold acquired the Goldfields Project in 2009, has absolutely no bearing on Brigus Gold’s plans to continue to advance its Goldfields Project in Saskatchewan. Brigus is committed to industry best practices and will use only high quality equipment in the construction and development of the Goldfields and any other project.

The Goldfields Project is a quality asset and pending a final development decision anticipated by June 2011, Brigus Gold intends to develop the Goldfields Project into a producing gold mine within the current development schedule as early as 2013.

http://finance.yahoo.com/news/Brigus-Gold-Provides-Update-bw…
 
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Autor (Datum des Eintrages): MFC500  (11.11.10 15:15:49)
Beitrag: 540 von 1,118 (ID:40502461)
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