Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce further drill
results from its 2022 drill program at the 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
- Further drilling at the Trapper Target has yielded numerous
visible gold hits
- Hole THN22-206 intercepted 47m of 1.10 g/t Au
- Hole THN22-207 intercepted 47m of
1.06 g/t Au
- Hole THN22-208 intercepted 32m of
1.04 g/t Au
- Hole THN22-209 intercepted 146m of
0.63 g/t Au including 48m of 1.05 g/t Au
Vice President of Exploration, Christina Anstey,
stated, “The Trapper target continues to demonstrate encouraging
results within near-surface epithermal style mineralization. The
addition of oriented core to our 2022 drill campaign has
significantly increased our understanding of the structurally
complex discovery which we look forward to testing with additional
step out holes.”
Click here for Figure 1. Gold Geochemistry and
The Trapper Target Location
Map:https://brixtonmetals.com/wp-content/uploads/2022/08/Figure-1_31Aug2022.jpg
Table 1. Select Mineralized Intervals for the
Trapper Target Drilling.
Hole |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
THN22-206 |
6.63 |
25.97 |
19.34 |
1.02 |
THN22-206 |
53.00 |
100.00 |
47.00 |
1.10 |
THN22-207 |
72.00 |
79.00 |
7.00 |
1.49 |
THN22-207 |
119.00 |
166.00 |
47.00 |
1.06 |
THN22-208 |
23.34 |
95.00 |
71.66 |
0.52 |
including |
48.00 |
65.00 |
17.00 |
1.07 |
THN22-208 |
115.00 |
147.00 |
32.00 |
1.04 |
THN22-208 |
172.00 |
188.00 |
16.00 |
0.73 |
THN22-209 |
10.00 |
156.00 |
146.00 |
0.63 |
including |
12.00 |
60.00 |
48.00 |
1.05 |
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, “In
addition to the previous high-grade gold intercepts, these new
drill results demonstrate the continuity of gold mineralization at
the Trapper Target and that mineralization remains open in several
directions. Further drilling is planned.”
Click here for Figure 2. Plan Map of Collar
Locations at the Trapper Target with Mineralized
Intervals:https://brixtonmetals.com/wp-content/uploads/2022/08/Figure2B_31August2022.jpg
Discussion
Drill holes THN22-206 and THN22-207 were drilled
to test the continuity and grade, up-dip and down-dip of THN21-186,
setting up from the same drill pad and azimuth. Both 206-207
intersected broad 47m intervals of 1 g/t Au, confirming the
continuity of mineralization intersected in THN21-186 with 139.0m
of 2.14 g/t Au. Drill hole THN22-205, with 64m of 5.74 g/t Au (see
News Release dated July 6, 2022) was setup 120m west of the drill
pad where THN21-186 was drilled. Drill holes THN22-208 and 209 were
planned to test the mineralization between the THN22-205 and
THN21-186 drill pads which successfully demonstrated that gold
mineralization is present with grades up to 146.00m of 0.63 g/t Au
(10.00-156.00m) in THN22-209, including 48.00m of 1.05 g/t Au
(12.00-60.00m). Hole THN22-208 returned 71.66m of 0.52 g/t Au,
including 40.60 g/t Au over 0.25m (23.34-23.59m) and including
17.00m of 1.07 g/t Au from 48.00m depth. Hole 208 had two lower
mineralized zones that yielded 32m of 1.04 g/t Au from 115m depth
and 16.00m of 0.73 g/t Au from 172.00m depth. Assays are pending
for THN22-210, which was drilled up-dip of THN-22-208 and 209 from
the same pad.
Gold mineralization at Trapper is structurally
controlled in northwest, east-west and northeast trends.
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 (Pb-Zn
+/- Cu) 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.
A new mineralized outcrop was discovered with
visible gold within base metal veins hosted in lapilli tuff
volcanic rocks, 420m northeast of THN22-206/THN22-207 for further
follow up work.
Click here for Figure 3. HQ Core Photographs
from Hole
206:https://brixtonmetals.com/wp-content/uploads/2022/08/Figure-3_31Aug2022.jpg
Click here for Figure 4. HQ Core Photographs
from Hole 208 and
209:https://brixtonmetals.com/wp-content/uploads/2022/08/Figure-4_31Aug2022.jpg
2022 Exploration Season
Update
A total of approximately 10,665 meters have been
drilled this season to date, including 4919m at the Camp Creek
Porphyry target, 3924m at the Trapper target and 290m at the
Metla target. Brixton currently has drills turning at its Camp
Creek and Metla targets. To date, field crews have collected 1126
soil samples and 476 surface rock samples for analysis.
This season, extensive mapping, soil sampling
and prospecting has identified a multikilometer scale alkalic
porphyry system in the Metla Target area. Bornite, chalcopyrite,
and visible gold have been sampled and alkalic-style porphyry
alteration zonation has been mapped on surface. A drill has been
mobilized to test this newly identified surface mineralization.
Upon completion of drilling at Metla, the drill will return to the
Trapper Target for phase two drilling.
A third drill is being mobilized to site for the
Camp Creek Target drilling. The third drill will be located at
significant step-out (200-300m) northwest of THN22-221. Hole
THN22-221 at the Camp Creek Target is currently at approximately
1200m depth, drilling a 275m step-out to the northeast from the
collar for holes 184-201 and known porphyry mineralization.
Table 2. Drill Collar and Hole Information.
Thorn Drillholes: This Release |
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
Zone |
Status |
THN22-206 |
630344 |
6485533 |
1302 |
0 |
-50 |
338.02 |
Trapper |
Reported here |
THN22-207 |
630344 |
6485533 |
1302 |
0 |
-76 |
232.36 |
Trapper |
Reported here |
THN22-208 |
630286 |
6485544 |
1322 |
1 |
-64 |
258.47 |
Trapper |
Reported here |
THN22-209 |
630286 |
6485544 |
1322 |
3 |
-81 |
218.54 |
Trapper |
Reported here |
|
|
|
|
|
|
|
|
|
Thorn Drillholes: Previously Released |
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
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 |
Reported August 16, 2022 |
THN22-202 |
627777 |
6491684 |
612 |
290 |
-76 |
626.12 |
Camp Creek |
No significant results |
THN22-203 |
630222 |
6485571 |
1325 |
6 |
-45 |
242.93 |
Trapper |
Reported July 6, 2022 |
THN22-204 |
630222 |
6485571 |
1325 |
6 |
-80 |
282.55 |
Trapper |
Reported July 6, 2022 |
THN22-205 |
630222 |
6485571 |
1325 |
6 |
-65 |
303.89 |
Trapper |
Reported July 6, 2022 |
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. 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.
About the Thorn Project
The wholly-owned 2,863 square kilometer Thorn
Project is located in northwestern British Columbia at the northern
trend of the Golden Triangle, Canada, approximately 90 km northeast
of Juneau, Alaska. 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/
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 (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
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.
Figures accompanying this announcement are available
at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/23c2d973-2545-418e-bc0d-e164eced8345
https://www.globenewswire.com/NewsRoom/AttachmentNg/78776c2e-ff59-424f-a5fa-4bcd0d27e271
https://www.globenewswire.com/NewsRoom/AttachmentNg/a818bdd0-431e-4a51-99f9-374f48275a45
https://www.globenewswire.com/NewsRoom/AttachmentNg/34d211ab-72f6-4585-bae3-3d3621a00ee9
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