Brixton Metals Corporation
(TSX-V:
BBB, OTCQB: BBBXF) (the “
Company” or
“
Brixton”) is pleased to report its final 2022
drilling results from the Camp Creek Cu-Au-Ag-Mo Porphyry Target on
its wholly owned Thorn Project located in Northwestern British
Columbia, Canada. The Thorn Project is located within the Taku
River Tlingit and Tahltan First Nation’s traditional territory.
Highlights
- High grade gold was intercepted
above the porphyry yielding 55.8 g/t Au over
1.5m
- Hole THN22-221 yielded
779.65m of 0.37% CuEq ending in mineralization at
1375m
- Including 582.44m of 0.45%
CuEq
- Including 234.00m of 0.57%
CuEq from 940m depth
- Including 20.85m of 0.78% CuEq
- This large copper dominant porphyry
target remains wide open, including at depth
Chairman & CEO, Gary Thompson, stated, “We
are very pleased with the 2022 program at the Camp Creek Porphyry
Target as it continues to demonstrate large-scale upside potential.
During the 2023 exploration campaign we are delighted to work
alongside our strategic investor BHP by formulating the BHP-Brixton
joint technical committee to study the 2022 data and develop a plan
to unlock the Camp Creek potential through a deep drilling program.
We plan to start the fully funded 2023 drill program in late April
to early May.”
Figure 1. Location Map of the Camp Creek Target
and Copper Geochemistry.
The Camp Creek acid-sulphate alteration and
geochemical expression further to the east-northeast is covered and
unconformably overlain by a late rhyolite flowdome complex, which
suggests the porphyry mineralization may continue under this
volcanic cover (see Figure 1) providing for a 1km by 2km porphyry
target area.
Table 1. Select Intervals of Mineralization in
Hole THN22-221.
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Hole ID |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (ppm) |
CuEq (%)* |
|
|
THN22-221 |
186.00 |
219.50 |
33.50 |
0.12 |
0.56 |
22.33 |
1.08 |
0.61 |
|
|
|
449.50 |
451.00 |
1.50 |
0.03 |
55.80 |
33.50 |
10.95 |
|
|
|
including |
595.50 |
1375.15 |
779.65 |
0.23 |
0.05 |
2.46 |
234.71 |
0.37 |
|
|
including |
792.00 |
1374.44 |
582.44 |
0.29 |
0.06 |
2.76 |
297.20 |
0.45 |
|
|
including |
940.00 |
1174.00 |
234.00 |
0.40 |
0.09 |
3.44 |
278.84 |
0.57 |
|
|
including |
1058.95 |
1079.80 |
20.85 |
0.55 |
0.12 |
4.34 |
389.76 |
0.78 |
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|
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|
|
|
All assay values are uncut weighted averages.
Intervals reflect drilled intercept lengths as further drilling is
required to determine the true widths of the mineralization.
*Copper Equivalent (CuEq) is calculated based on
US$ 4.30/lb Cu, US$ 1820.00/oz Au, US$ 23.80/oz Ag, US $18.00/lb
Mo. These prices represent the approximate one year trailing moving
averages of metal prices and calculations assume 95% recovery. The
formula is: CuEq % = (Cu % + (0.617248 * Au g/t) + (0.008072 * Ag
g/t) + (0.000419 * Mo ppm)) * 0.95.
Figure 2. Drill Collar Location Map for the Camp
Creek Target with Copper Equivalent Values.
Vice President of Exploration, Christina Anstey,
stated, “We are excited to see such high grades coming from the
mineralized Porphyry X unit in Hole THN22-221. Unfortunately, we
encountered a high number of post mineral dykes within this hole
which diluted the overall grade in hole 221. During the 2022
exploration season we used down hole-oriented core methods which
will allow us to accurately model this post mineral dyke swarm and
hopefully avoid this dilution in the follow up holes planned for
the 2023 Exploration Season.”
Discussion
Drill hole THN22-221 was planned to test the
copper grades and extents of Porphyry X, east of drill holes
THN22-201 (967.71m of 0.39% CuEq) and THN21-184 (821.25m of 0.38%
CuEq), and was collared 280 meters to the northeast. The hole setup
was near-vertical (-88 dip), drilling to the north, ending at
1375.15m depth. The hole started intersecting low-grade Cu-porphyry
mineralization around 600m depth, within the Porphyry Y and
hornfels sediments. Mineralization continued through to the end of
the hole, grading 0.37% CuEq over 779.65m (0.23% Cu, 0.05 g/t Au,
2.5 g/t Ag and 235 ppm Mo, 595.50m-1375.15m). Copper grades
increased around Porphyry X which was observed between 844.83m and
1180.57m; however, the unit was diluted by thirty-four occurrences
of meter-scale post-mineral dykes (totaling 68.48m). The dykes
continued down hole, cross-cutting the hornfels sediments and
Porphyry Y. The best copper mineralization in the hole centered
around 940.00-1174.00m and averaged 0.57% CuEq (0.40% Cu, 0.09 g/t
Au, 3.4 g/t Ag and 279 ppm Mo) over 234.00 meters. A 20.85m
interval of Porphyry X that was not diluted by post-mineral dykes
averaged 0.78% CuEq (0.55% Cu, 0.12 g/t Au, 4.3 g/t Ag and 390ppm
Mo), demonstrating the potential of this zone had the dykes not
been present. Hole THN22-221 ended in mineralized hornfels
sediments that were cut by post-mineral dykes.
Two anomalous gold mineralized intervals were
observed above the main porphyry zone in hole THN22-221. The first
interval was over 33.50 meters grading 0.562 g/t Au with 0.12% Cu
and 22.3 g/t Ag at 186.00 meters within Porphyry Z. The second
interval was high-grade with 55.8 g/t Au and 33.5 g/t Ag over 1.5
meters, from 449.5m within Porphyry Y, although no notable veins or
mineralization were observed.
Calc-alkalic porphyry Cu-Au-Ag-Mo mineralization
at the Camp Creek target is disseminated, within quartz-anhydrite
veins and as chalcopyrite-molybdenite veins-veinlets.
Mineralization is hosted within Porphyry X, a crowded plagioclase
porphyry of Cretaceous age (85.1Ma +- 1.1Ma), characterized by
well-defined stacked biotite, a feature typical of mineral-related
porphyry phases. Mineralization is also hosted in hornfels of
Triassic Stuhini Group sedimentary rocks, which are intruded by the
porphyry phases.
The cross-section view to the south-southeast in
Figure 3 represents all of the deep holes in the Camp Creek to
date. It may appear that some of the holes are overlapping, but
note that the scale of the slice is greater than one kilometer and
the reader should see Figure 2 for the considerable distances from
each of the drill collars.
Figure 3. Cross Section for Hole THN22-221, Camp
Creek Porphyry Target.
Figure 4. NQ Core Photograph of Mineralization
in Hole THN22-221.
Figure 5. NQ Core Photographs of Mineralization
in Hole THN22-221.
2022 Thorn Project Exploration
Summary
A total of 18,122 meters were drilled during the
2022 season, including 6,484m at the Camp Creek Porphyry target
and 9,119m at the Trapper target. A total of 520 rocks
and 1,157 soil samples were collected with a primary focus on the
Metla and Trapper Targets, in addition to the East Copper Target
and the Val Copper Target. A total combined 1,229 line-kilometers
of airborne magnetics and radiometrics were flown over the Metla,
Trapper, Val and East Targets. The drill program started in May and
was completed in late October.
Table 2. Drill Collar and Hole Information for
2022 Drilling at the Camp Creek Target.
2022 Camp Creek Drill Holes |
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth |
Zone |
Status |
THN22-221 |
628062 |
6492150 |
757 |
0 |
-88 |
1375.150024 |
Camp Creek |
Current Release |
THN22-200 |
627774 |
6491687 |
619 |
241 |
-69 |
629.02 |
Camp Creek |
No Significant Results |
THN22-201 |
627871 |
6491942 |
670 |
239 |
-83 |
1302.71 |
Camp Creek |
Reported August 16, 2022 |
THN22-202 |
627774 |
6491690 |
613 |
290 |
-76 |
636.12 |
Camp Creek |
No Significant Results |
THN22-213 |
627659 |
6491855 |
626 |
320 |
-85 |
1243.00 |
Camp Creek |
Reported January 4, 2023 |
THN22-231 |
627863 |
6492224 |
772 |
350 |
-87 |
1297.58 |
Camp Creek |
Reported January 4, 2023 |
Total Meters |
6,483.58 |
|
About the Thorn Project
The wholly-owned 2,900 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 Thorn Project hosts a district-scale 80km
megatrend of Triassic to Eocene, volcano-plutonic complex with
several styles of mineralization related to porphyry and epithermal
environments. Fourteen large-scale copper-gold targets have been
identified for further exploration.
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. The gold, silver,
copper, lead, zinc, and molybdenum duplicate assay results are well
correlated, and it is the Qualified Person’s opinion that strong
precision is inferred within the reported analytical results. Core
samples were taken between 0.5m and 2.5m intervals based on
lithology and mineralization. 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,
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. The 2022 Thorn project analytical results
have been determined to be high quality and have passed this QAQC
review.
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 PersonMr. Gary R.
Thompson, P.Geo., is Chief Executive Officer for the company and 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. Brixton wholly
owns four exploration projects: Brixton’s flagship Thorn
copper-gold-silver-molybdenum Project, the Hog Heaven
copper-silver-gold Project in NW Montana, USA (Optioned to Ivanhoe
Electric Inc., NYSE: IE), the Atlin Goldfields Projects located in
NW BC (Optioned to Pacific Bay Minerals, TSXV: PBM) and the
Langis-HudBay silver-cobalt-nickel Project in Ontario. 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:
Neil MacRae, Investor RelationsTel: 604-630-9707
or email: neil.macrae@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.
Photos accompanying this announcement are available at:
https://brixtonmetals.com/wp-content/uploads/2023/01/Figure-1_16Jan2023.jpg
https://brixtonmetals.com/wp-content/uploads/2023/01/Figure-2_16Jan2023.jpg
https://brixtonmetals.com/wp-content/uploads/2023/01/Figure-3a_16Jan2023.jpg
https://brixtonmetals.com/wp-content/uploads/2023/01/Figure-4_16Jan2023.jpg
https://brixtonmetals.com/wp-content/uploads/2023/01/Figure-5_16Jan2023.jpg
Brixton Metals (TSXV:BBB)
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Brixton Metals (TSXV:BBB)
過去 株価チャート
から 12 2023 まで 12 2024