Brixton Metals Corporation (TSX: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce initial assay
results from its maiden drill program at the Trapper Gold Target on
the Thorn Project. These results represent the first three of
fifteen shallow drill holes that were drilled in 2021 for a total
of 3,107.34m. The 12 holes and pending assays shall be released as
they are made available. The wholly owned 2600 square kilometer
Thorn Project is located in Northwestern British Columbia, Canada.
The Trapper Target is one of fourteen Cu-Au-Ag exploration targets
identified within the 80km mineralized trend at the Thorn Project.
Drill Highlights
- The Trapper Target
is a deep-rooted multi-phase gold porphyry system
- Hole THN21-186
yielded 11.0m of 19.25 g/t gold from 50m within 139.0m of 2.14 g/t
Au
- Including a high
of 276 g/t Au over 0.46m and 160 g/t Au over 0.50m
- A broad zone of
187.5m of 1.6 g/t Au including the above sub-intervals
Click here for Figure 1. Trapper Gold Target
Location Map on Gold Geochemistry Plot, Thorn
Project:https://brixtonmetals.com/wp-content/uploads/2021/11/Figure-1_12Nov2021.jpg
Christina Anstey, Vice President of Exploration,
stated, “The results from the first few holes into the Trapper
Target are very encouraging. We believe that based on the geology,
mineralization and alteration, we are in an epithermal to
gold-porphyry system with evidence for low-sulphidation and
high-sulphidation overprints. We are excited to see some very high
grades within broad, low-grade intervals. We are seeing precious
and base-metal mineralization within both dominant lithologies in
the area, but we believe that the diorite is the source of this
mineralization. Hole THN21-186 intercepted this lithology, and we
are waiting on assays from several other holes that had broad
intercepts of the diorite with associated visible gold. There is
plenty of room for expansion of gold mineralization in drilling
given the large footprint of the geochemical signature of the
target which has been expanded to a 4km strike by up to 1.5km in
width. Trapper forms the southern 4km portion of a 11km NW-SE
trending gold geochemical anomaly.”
Table 1. Drill Highlights from THN21-185-186 and
187, Trapper Target.
Hole |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Au (g*m) |
THN21-185(055/-60) |
7.82 |
274.00 |
266.18 |
0.14 |
38.00 |
Incl. |
7.82 |
19.00 |
11.18 |
1.02 |
11.45 |
THN21-186(360/-65) |
2.49 |
190.00 |
187.51 |
1.60 |
300.82 |
Incl. |
48.00 |
187.00 |
139.00 |
2.14 |
297.46 |
Incl. |
49.50 |
61.00 |
11.00 |
19.25 |
211.75 |
Incl. |
50.00 |
50.50 |
0.50 |
160.00 |
80.00 |
Incl. |
60.54 |
61.00 |
0.46 |
276.00 |
126.96 |
THN21-187(180/-45) |
2.82 |
58.00 |
55.18 |
0.21 |
11.72 |
Incl. |
30.70 |
43.00 |
12.30 |
0.68 |
8.30 |
All assay values are uncut weighted averages and
intervals reflect drilled intercept lengths as further drilling is
required to determine the true widths of the mineralization.
Drill holes THN21-185-187 were drilled from the
sample pad with HQ sized core. THN21-185 was drilled to a depth of
274m at 55 degree azimuth and negative 60 degree dip. THN21-186 was
drilled to a depth of 190m at an azimuth of 360 degree and a dip of
negative 65 degree. THN21-187 was drill to 58m depth at an azimuth
of 180 degree and negative 45 dip.
Click here for Figure 2. Plan Map of Maiden
Drill Collars at the Trapper Gold
Target:https://brixtonmetals.com/wp-content/uploads/2021/11/Figure-2_12Nov2021.jpg
Gary R. Thompson, Chairman and CEO stated, “The
results from the maiden exploration program at the Trapper Target
is a game changer for the project. The Trapper Gold Target has
significant scale potential with excellent grades. We are excited
to see the rest of the assays from the 2021 exploration program and
to complete all of our other ongoing, scientific studies, including
age dating, so we can plan the next round of drilling at the
Trapper Target in the spring of 2022.”
Click here for Figure 3. Cross-Section Looking South-East,
Trapper
Target:https://brixtonmetals.com/wp-content/uploads/2021/11/Figure-3_12Nov2021.jpg
Click here for Figure 4. Visible Gold in HQ Core THN21-186 at
50.05 and 60.83m, Trapper
Target:https://brixtonmetals.com/wp-content/uploads/2021/11/Figure-4_12Nov2021.jpg
Click here for Figure 5. Visible Gold in HQ Core THN21-186 at
60.83m and 111.31m, Trapper
Target:https://brixtonmetals.com/wp-content/uploads/2021/11/Figure-5_12Nov2021.jpg
Click here for Figure 6. Visible Gold in HQ Core THN21-187 at
41.33m, Trapper
Target:https://brixtonmetals.com/wp-content/uploads/2021/11/Figure-6_12Nov2021.jpg
Quality Assurance & Quality Control
Quality assurance and quality control protocols
for drill core sampling was developed by Brixton. Core samples were
mostly taken at 1.0m intervals. Blank, duplicate (lab pulp) and
certified reference materials were inserted into the sample stream
for at least every 20 drill core samples. Core samples were
cut in half, bagged, zip-tied and sent directly to ALS Minerals
preparation facility in Whitehorse, Yukon. ALS Minerals
Laboratories is registered to ISO 9001:2008 and ISO 17025
accreditations for laboratory procedures. Samples were analyzed at
ALS Laboratory Facilities in North Vancouver, British Columbia for
gold by fire assay with an atomic absorption finish, whereas Ag,
Pb, Cu and Zn and 48 additional elements were analyzed using four
acid digestion with an ICP-MS finish. Over limits for gold
were analyzed using fire assay and gravimetric finish. Samples that
returned greater than 10 g/t Au are being analyzed using a Full
Metallic Screening method. The standards, certified reference
materials, were acquired from CDN Resource Laboratories Ltd., of
Langley, British Columbia and the standards inserted varied
depending on the type and abundance of mineralization visually
observed in the primary sample. Blank material used consisted of
non-mineralized siliceous landscaping rock. A copy of the QAQC
protocols can be viewed at the Company’s website.
About the Trapper Gold
Target
The geochemical footprint for the Trapper Gold
Target was expanded in 2021 to 4km by 1.5km. The gold-in-soil
geochemical signature has a strong positive correlation to Zn-Pb.
The Trapper Target represents a volcanic and intrusive hosted gold
target. The volcanics are Triassic Stuhini Lapilli Tuff and at
least two intrusive phases have been identified as diorite and
quartz-diorite, with age-dating ongoing. Visible gold has been
identified in core and surface outcrops. Rock grab samples have
returned up to 135 g/t Au. Visible gold is recognized in several
environments: within base metal-veins-veinlets
(sphalerite-galena-pyrite-chalcopyrite); quartz-stockwork, within
sulphosalt-pyrite veinlets and disseminate gold in the diorite. In
2021, Brixton completed 15 drill holes between 58-322.17m depth for
a total of 3,107.34m, airborne Magnetics and Mobile MT geophysics,
and conducted extensive soil and rock sampling. Highlights for the
year include visible gold identified in shallow drilling and in
outcrop, along with the discovery of two new high-grade copper
showings. Additionally, a deep-seated resistivity/conductivity
anomaly was imaged with a Mobile MT survey. In 2011, forty-two
drill holes were completed, totaling 8581m, where drill hole
TG11-11 returned 32.64m of 1.78 g/t Au including 0.41m of 92.8 g/t
Au with visible gold. The Trapper Target is royalty free and is one
of 14 mineralized targets areas on the wholly owned Thorn
Project.
Mr. Gary R. Thompson, P.Geo., the Chairman and
CEO for the Company who is a qualified person as defined by
National Instrument 43-101, has reviewed and approved the technical
information in this press release. Mr. Thompson has verified the
data disclosed in this press release, including the sampling,
analytical and test data underlying the information.
About Brixton Metals
Corporation
Brixton is a Canadian exploration and
development company focused on the advancement of its mining
projects toward feasibility. Brixton wholly owns four exploration
projects, the Thorn copper-gold-silver Project, the Atlin
Goldfields Project located in NW BC, the Langis-Hudbay
silver-cobalt Project in Ontario and the Hog Heaven
silver-gold-copper Project in NW Montana, USA, under an Farmout
Option Agreement to Ivanhoe Electric Inc. Brixton Metals
Corporation shares trade on the TSX-V under the ticker symbol
BBB, and on the OTCQB under the ticker symbol
BBBXF. For more information about Brixton, please
visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEOTel:
604-630-9707 or email: info@brixtonmetals.com
For Investor Relations, please contact:
Mitchell Smith, VP Investor RelationsTel:
604-630-9707 or email: mitchell.smith@brixtonmetals.com
Neither the 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.
Information set forth in this news release may
involve forward-looking statements under applicable securities
laws. Forward-looking statements are statements that relate to
future, not past, events. In this context, forward-looking
statements often address expected future business and financial
performance, and often contain words such as “anticipate”,
“believe”, “plan”, “estimate”, “expect”, and “intend”, statements
that an action or event “may”, “might”, “could”, “should”, or
“will” be taken or occur, including statements that address
potential quantity and/or grade of minerals, potential size and
expansion of a mineralized zone, proposed timing of exploration and
development plans, or other similar expressions. All statements,
other than statements of historical fact included herein including,
without limitation, statements regarding the nature of the
geological system and the source of the mineralization. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the need for additional financing; operational risks
associated with mineral exploration; fluctuations in commodity
prices; title matters; and the additional risks identified in the
annual information form of the Company or other reports and filings
with the TSXV and applicable Canadian securities regulators.
Forward-looking statements are made based on management’s beliefs,
estimates and opinions on the date that statements are made and the
Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
Brixton Metals (TSXV:BBB)
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