Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce its first batch
of 2022 drill results from its wholly owned Thorn Project located
in the Golden Triangle trend of British Columbia. The Project is
located within the Taku River Tlingit and Tahltan First Nation’s
traditional territory.
Highlights
- Hole THN22-205 intercepted numerous visible gold counts and
returned the highest-grade gold intercept this season
- Hole THN22-205 was collared 120m
west from the discovery hole THN21-186 (300 g*m intercept)
- Hole THN22-205 yielded:
- 64.00m of 5.74 g/t Au (367 g*m
Au)
- Including 52.00m of 6.97 g/t Au
(362 g*m Au)
- Including 28.95m of 10.36 g/t Au
(300 g*m Au) including 7m of 19 g/t Au
Vice President of Exploration, Christina Anstey,
stated, “We are delighted that our May start to the 2022 season is
paying off and that lab turnaround times are a meaningful
improvement over last year. We are looking forward to further
expanding this exciting new gold discovery at the Trapper Zone both
further west, east and at depth. We have many holes yet to drill in
this area so we are very excited to see what other discoveries can
be made.”
Click here for Figure 1. Gold Geochemistry and
Trapper Target Location
Map:https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-1_6July2022.jpg
Table 1. Select Mineralized Intervals for the
Tapper Target Drilling.
Hole |
From(m) |
To (m) |
Interval(m) |
Au (g/t) |
Ag (g/t) |
Au g/t * m |
THN22-205 |
114.00 |
178.00 |
64.00 |
5.74 |
9.11 |
367.36 |
including |
120.00 |
172.00 |
52.00 |
6.97 |
10.83 |
362.44 |
including |
141.00 |
169.95 |
28.95 |
10.36 |
16.21 |
299.92 |
including |
150.00 |
157.00 |
7.00 |
19.01 |
23.11 |
133.07 |
|
|
|
|
|
|
|
Hole |
From(m) |
To (m) |
Interval(m) |
Au (g/t) |
Ag (g/t) |
Au g/t * m |
THN22-204 |
11.00 |
16.00 |
5.00 |
2.74 |
8.79 |
13.71 |
THN22-204 |
131.00 |
135.11 |
4.11 |
1.23 |
6.61 |
5.06 |
THN22-203 |
8.22 |
19.00 |
10.78 |
1.25 |
6.50 |
13.43 |
including |
11.00 |
15.00 |
4.00 |
3.02 |
12.24 |
12.08 |
All assay values are uncut weighted averages and
intervals reflect drilled lengths as further drilling is required
to determine the true widths of the mineralization.
Chairman and CEO, Gary R. Thompson, stated “The
numbers speak for themselves as to the gold potential of the
Trapper Target with this outstanding hole. The Thorn Project has
many mineralizing centers within the largest mineral claim group
held by any company in British Columbia.”
Click here for Figure 2. Collar Locations at the
Trapper
Target:https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-2_6July2022.jpg
Discussion
Gold mineralization at Trapper is structurally
controlled and northwest, east-west and northeast trends have been
identified. Mineralization appears to favor the contact between the
Cretaceous quartz diorite and the Triassic lapilli tuff volcanic
rocks. Broad high-grade gold intervals are largely hosted within
the quartz diorite unit. The gold is associated with base metal
veins (lead-zinc +/- copper) that have offsets, jogs and broken
patterns. With the use of oriented core measurements, surface
mapping, geochemistry and magnetics, the aim is to achieve
predictability of the gold-bearing zones. The current drilling at
the Trapper Target is located about 7km southeast from the Camp
Creek Porphyry Target.
Click here for Figure 3. HQ Core Photographs
from Hole
205:https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-3_6July2022.jpg
Click here for Figure 4. HQ Core Photographs
from Hole
205:https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-4_6July2022.jpg
Click here for Figure 5. Close up of Visible
Gold, HQ Core Photograph from Hole
205:https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-5_6July2022.jpg
Click here for Figure 6. HQ Core Photographs
from Hole 205
(150.23-153.36m):https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-6_6July2022.jpg
Click here for Figure 7. HQ Core Photographs
from Hole
205:https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-7_6July2022.jpg
Click here for Figure 8. HQ Core Photographs
from Hole
205:https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-8_6July2022.jpg
Click here for Figure 9. Graphic Strip Log for
lithology-gold-silver-copper-lead-zinc from hole
THN22-205:https://brixtonmetals.com/wp-content/uploads/2022/07/Figure-9_6July2022.png
It is evident by the graphic strip log in Figure
9, that the gold and silver mineralization is associated with
copper, lead and zinc at least within this part of the mineralizing
system.
Drilling Update
At press time, a total of 5091.70m have been
drilled this season so far, with 2557m at the Camp Creek Porphyry
target and 2533m at the Trapper Target.
Drill hole THN22-200 (629m depth) and THN22-202
(636m depth) were drilled in the Camp Creek area from the same pad
as pilot holes where if porphyry mineralization was encountered,
the larger drill would continue deeper in these holes. Hole
THN22-201 was drilled as a new hole from the same pad as hole
THN21-184 with a 239 degrees azimuth and -83 dip, since we were
unable to re-enter THN21-184 and conduct a deep wedge hole as was
originally planned. Hole THN22-201 was drilled to a depth of 1302m
depth and was terminated due to poor ground conditions (assays are
pending). Drill holes THN22-203 to THN22-210 were drilled at the
Trapper Target. The Nemo Target hole THN22-211 was a geophysical
conductor test.
Table 2. Drill Collar and hole information in
this News Release.
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth |
Zone |
Status |
THN22-200 |
627777 |
6491684 |
612 |
241 |
-69 |
629.02 |
Camp Creek |
no significant results |
THN22-201 |
627876 |
6491944 |
672 |
239 |
-83 |
1302.71 |
Camp Creek |
assays pending |
THN22-202 |
627777 |
6491684 |
612 |
290 |
-76 |
636.12 |
Camp Creek |
assays pending |
THN22-203 |
630222 |
6485571 |
1325 |
6 |
-45 |
242.93 |
Trapper |
reported here |
THN22-204 |
630222 |
6485571 |
1325 |
6 |
-80 |
282.55 |
Trapper |
reported here |
THN22-205 |
630222 |
6485571 |
1325 |
6 |
-65 |
303.89 |
Trapper |
reported here |
THN22-206 |
630344 |
6485533 |
1302 |
0 |
-50 |
338.02 |
Trapper |
assays pending |
THN22-207 |
630344 |
6485533 |
1302 |
0 |
-76 |
232.36 |
Trapper |
assays pending |
THN22-208 |
630286 |
6485544 |
1322 |
1 |
-64 |
258.47 |
Trapper |
assays pending |
THN22-210 |
630286 |
6485544 |
1322 |
2 |
-44 |
160.62 |
Trapper |
assays pending |
THN22-209 |
630286 |
6485544 |
1322 |
3 |
-81 |
218.54 |
Trapper |
assays pending |
THN22-211 |
629439 |
6486987 |
910 |
193 |
-71 |
496.47 |
Nemo |
assays pending |
Total |
|
|
|
|
|
5101.70 |
|
|
About the Thorn Project
The wholly-owned 2,863 square kilometer Thorn
Project is located in the Golden Triangle of British Columbia,
Canada, approximately 90 km northeast of Juneau, AK. The southern
limit of the Thorn claim boundary is roughly 50 km from tide water.
The Thorn Project hosts a district-scale 80km trend of Triassic to
Eocene, volcano-plutonic complex and related sedimentary units with
several styles of mineralization related to porphyry and epithermal
environments. Fourteen large-scale copper-gold targets have been
identified for further exploration work. Information on each of the
targets may be found at the following link:
https://brixtonmetals.com/thorn-gold-copper-silver-project/
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
zinc-lead. 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. Age-dating for the mineralized intrusive is
Cretaceous of 85.2Ma +- 1.2Ma. 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 disseminated gold in the diorite. In
2021, Brixton completed 15 drill holes between 58-322m depth for a
total of 3,107m. 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.
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. 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.
Qualified Person
Mr. Gary R. Thompson, P.Geo., is the Chairman
and CEO for the Company who is a qualified person as defined by
National Instrument 43-101. Mr. Thompson has verified the data
disclosed in this press release, including the sampling,
analytical and test data underlying the information and has
approved the technical information in this press release.
About Brixton Metals
Corporation
Brixton Metals is a Canadian exploration company
focused on the advancement of its mining projects toward
feasibility. Brixton wholly owns four exploration projects:
Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the
Atlin Goldfields Projects located in NW BC (now under Option to
Pacific Bay Minerals (TSXV: PBM), the Langis-HudBay silver-cobalt
Project in Ontario, and the Hog Heaven copper-silver-gold Project
in NW Montana, USA (under option to Ivanhoe Electric Inc. (NYSE:
IE). 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
Stay connected with us:
Twitter: @brixtonmetals
LinkedIn: https://www.linkedin.com/company/brixton-metals/
Facebook: https://www.facebook.com/brixtonmetals
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 use of proceeds. 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.
Photos accompanying this announcement are available
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Brixton Metals (TSXV:BBB)
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から 1 2024 まで 1 2025