Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to report the surface rock
sample results from the Metla, Trapper, Val and East Targets and
drill assay results from the Metla Target. These are the remaining
assays from the 2022 season on the Thorn Project. Brixton
recognizes 14 large scale copper-gold targets at the wholly owned
Thorn Project, located in Northwestern British Columbia, Canada. A
total of 497 rock samples and 1,133 soil samples were collected in
addition to the 18,122m drilled during the 2022 field season on the
Thorn Project.
Highlights
- 76 rock grab samples yielded
greater than 1% copper with 25 samples yielding greater than 5%
copper at the Metla Target
- 17 rock grab samples assayed
greater than 10.0% Cu
- 5 rock grab samples assayed greater
than 20.0% Cu
- Sample D200413 assayed 32.8% Cu and
10.9 g/t Au
- Visible gold
observed in surface grab samples with 14 rock grab samples yielding
greater than 10 g/t gold and 7 samples yielding greater than 25 g/t
gold at the Metla Target
- Sample D132545 assayed 59.8 g/t Au,
17.9 g/t Ag, and 2.0% Cu
- Sample D200407 assayed 39.3 g/t Au,
7.4 g/t Ag, and 3.7% Cu
- Sample D200435 assayed 34.9 g/t Au,
1110.0 g/t Ag, and 16.7% Cu
- Eight holes drilled at the Metla Target, totalling 1481.66
meters.
- THN22-228 intersected 0.10% Cu over 33.40m, from 223.50m depth
- Including 0.90% Cu over 2.70m
- Rock grab sample D131593 assayed 152.0 g/t Au and 187.0 g/t Ag
at the Trapper Gold Target
- Rock grab sample D200353 assayed 50.0 % Cu, 3.0 g/t Au, and 674
g/t Ag at the Val Target
Chairman & CEO, Gary Thompson, stated, “We
are excited to see the high volume of impressive copper, gold and
silver grades from surface sampling at the Thorn Project. The past
season was our most meaningful program on the Metla Target since
its acquisition in 2020. We are looking forward to vectoring toward
the porphyry centers on several Thorn Project targets in our fully
funded 2023 program.”
Figure 1. Location Map of the Thorn Property
with Copper-Gold Geochemistry.
2022 Surface Sampling
Program
A total of 497 rock samples and 1,133 soil
samples were collected during the 2022 field season on the Thorn
Project. The majority of these samples were from the Metla and
Trapper targets, with reconnaissance prospecting and soil sampling
completed at the Val, Tat and East Targets.
During the 2022 exploration program a total of
243 rock samples and 272 soil samples were collected at the Metla
Target with 76 rock samples assaying greater than 1% copper,
including 25 samples assaying greater than 5% copper, as well as 14
samples assaying greater than 10 g/t gold with a high of 32.8% Cu
and 59.8 g/t Au from samples D200413 and D132545 respectively
(Figure 2).
Most of the Metla Cu-Au mineralization is hosted
within a Triassic-aged (220 +- 3.1Ma) quartz diorite intrusive,
although some occurrences were sampled within the Triassic mafic
volcanic rocks of the Stuhini Group. High-grade copper is
associated with centimeter-scale quartz veins with blebs or bands
of bornite and chalcopyrite, with lesser pyrite. The outcrop
exposures have only minor secondary mineralization of malachite and
azurite as the surfaces have only recently been exposed due to
receding glaciers. Localized alteration minerals include potassium
feldspar, hematite, and epidote.
Table 1. 2022 Metla Surface Rock Grab Sampling,
Greater than 5% Copper.
Sample |
Cu (%) |
Au (g/t) |
Ag (g/t) |
D200413 |
32.8 |
10.9 |
33.7 |
D200095 |
27.2 |
1.2 |
132.0 |
D200414 |
24.6 |
3.4 |
20.4 |
D200094 |
23.6 |
1.1 |
118.0 |
D200416 |
21.1 |
12.4 |
61.6 |
D200069 |
19.3 |
1.1 |
75.2 |
D200070 |
18.1 |
1.2 |
82.8 |
D200435 |
16.7 |
34.9 |
1110.0 |
D200415 |
16.5 |
7.0 |
28.8 |
D200420 |
15.6 |
0.2 |
331.0 |
D132546 |
13.4 |
36.2 |
49.1 |
D200408 |
12.1 |
0.4 |
101.0 |
D200428 |
10.9 |
7.6 |
492.0 |
D200409 |
10.9 |
3.2 |
83.3 |
D200436 |
10.8 |
0.4 |
76.8 |
D200076 |
10.7 |
0.1 |
33.7 |
D200417 |
10.4 |
1.7 |
10.7 |
D200405 |
7.0 |
0.1 |
28.6 |
D200404 |
6.6 |
1.2 |
112.0 |
D200433 |
6.4 |
1.7 |
245.0 |
D200065 |
6.2 |
0.1 |
129.0 |
D200084 |
5.8 |
0.1 |
80.4 |
D200429 |
5.8 |
13.7 |
385.0 |
D200424 |
5.5 |
0.2 |
3.6 |
D200092 |
5.3 |
0.2 |
2.9 |
Table 2. 2022 Metla Surface Rock Grab Sampling,
Greater than 10 g/t Gold.
Sample |
Au (g/t) |
Ag (g/t) |
Cu (%) |
D132545 |
59.8 |
17.9 |
2.0 |
D200407 |
39.3 |
7.4 |
3.7 |
D132546 |
36.2 |
49.1 |
13.4 |
D200442 |
35.5 |
50.2 |
|
D200435 |
34.9 |
1110.0 |
16.7 |
D200431 |
33.2 |
26.6 |
<0.1 |
D200432 |
25.1 |
121.0 |
0.6 |
D200081 |
20.2 |
4.7 |
0.2 |
D200430 |
19.6 |
121.0 |
|
D200418 |
15.4 |
10.3 |
4.9 |
D200412 |
14.3 |
5.7 |
1.5 |
D200429 |
13.7 |
385.0 |
5.8 |
D200416 |
12.4 |
61.6 |
21.1 |
D200413 |
10.9 |
33.7 |
32.8 |
Figure 2. Metla Location Map of Rock-Grab
Samples, Drill Collars with Copper Geochemistry.
Rocks collected are selective grab samples of mineralized
outcrops and do not represent the entire target.
Figure 3. Photographs of Metla Rock Grab Samples
with Copper Sulphides.
Figure 4. Metla Rock Grab Samples.
A total of 130 rock samples and 555 soil samples
were collected at the Trapper Target in 2022, with nine samples
assaying greater than 10 g/t gold. Grab sample D131593 collected at
Trapper, is the highest-grade gold sample collected on the Thorn
project to date assaying 152.0 g/t Au and was sampled 500m
northeast of the main drilling area expanding the gold surface
anomaly (Figure 5). This high-grade gold showing is hosted within a
Triassic intermediate lapilli tuff of the Stuhini Group.
Mineralization is associated with pyrite and galena with lesser
sphalerite, within centimeter- to decimeter-scale quartz-calcite
veins.
Table 3. 2022 Trapper Surface Sampling, Greater than 10 g/t
Gold
Sample |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
D131593 |
152.0 |
187.0 |
0.2 |
6.1 |
3.1 |
D131585 |
106.5 |
191.0 |
0.3 |
8.0 |
5.4 |
D131590 |
85.9 |
182.0 |
0.3 |
6.0 |
8.2 |
D131592 |
77.2 |
153.0 |
0.1 |
4.8 |
3.0 |
D131586 |
61.9 |
184.0 |
0.4 |
5.8 |
4.2 |
D200202 |
46.6 |
61.6 |
|
2.0 |
1.1 |
D131588 |
37.9 |
106.0 |
0.2 |
4.1 |
4.3 |
D131595 |
22.5 |
340.0 |
0.2 |
20.0 |
3.3 |
D131589 |
17.6 |
97.3 |
0.2 |
3.6 |
3.1 |
Figure 5. Location Map of 2022 Rock Grab
Samples, Trapper Target with Gold Geochemistry.
Rocks collected are selective grab samples of
mineralized outcrops and do not represent the entire target.
Vice President of Exploration, Christina Anstey,
stated, “In addition to the great results that we have generated at
the Camp Creek and Trapper Targets recently, Metla, Val and the
East Targets are exciting newly emerging large-scale copper-gold
targets on the Thorn Project that we plan to advance.”
Additionally, 44 reconnaissance rock samples
were collected at the Val target where thirteen rock grab samples
from outcrop returned greater than 1% copper and seven samples were
above 10% copper with the highest values from sample D200353 of
50.0% Cu and the highest gold came from sample D200359 of 21.6 g/t
Au, and 674 g/t Ag was in with the 50% Cu sample (see Table 5).
This Val copper showing is a quartz vein up to 30 centimeters wide
with chalcocite, bornite and malachite which is continuous over a
175m strike length hosted in a quartz monzonite. Limited previous
work was conducted at the Val Target which warrants further follow
up.
Table 4. 2022 Val Rock Grab Sampling, Greater
than 1% Copper.
Target |
Sample |
Sample Type |
Cu (%) |
Au (g/t) |
Ag (g/t) |
VAL |
D200353 |
Outcrop |
50.0 |
3.0 |
674.0 |
VAL |
D200115 |
Outcrop |
45.4 |
0.9 |
526.0 |
VAL |
D200167 |
Outcrop |
40.7 |
1.1 |
485.0 |
VAL |
D200114 |
Outcrop |
31.6 |
4.9 |
365.0 |
VAL |
D200359 |
Float |
29.4 |
21.6 |
236.0 |
VAL |
D200113 |
Outcrop |
26.7 |
8.7 |
305.0 |
VAL |
D200112 |
Outcrop |
14.9 |
0.9 |
149.0 |
VAL |
D200168 |
Outcrop |
6.5 |
0.4 |
68.5 |
BING |
D200176 |
Outcrop |
5.8 |
0.5 |
130.0 |
VAL |
D200171 |
Outcrop |
5.8 |
1.2 |
21.3 |
VAL |
D200351 |
Outcrop |
4.6 |
0.1 |
53.9 |
VAL |
D200111 |
Outcrop |
3.9 |
0.5 |
40.4 |
BING |
D200175 |
Outcrop |
3.8 |
0.2 |
40.8 |
VAL |
D200110 |
Outcrop |
3.0 |
1.7 |
58.0 |
VAL |
D200355 |
Outcrop |
3.0 |
0.1 |
30.8 |
VAL |
D200169 |
Outcrop |
2.8 |
0.6 |
40.0 |
VAL |
D200357 |
Float |
2.5 |
0.5 |
66.3 |
VAL |
D200170 |
Subcrop |
1.3 |
0.2 |
16.4 |
VAL |
D200356 |
Float |
1.2 |
0.2 |
13.6 |
Figure 6. 2022 Rock Grab Sampling Location Map, Copper
Geochemistry.
Rocks collected are selective grab samples of
mineralized outcrops and do not represent the entire target.
Metla Diamond Drilling
During the 2022 season, 8 diamond drill holes
totaling 1481.66 meters were drilled at Metla, which targeted
high-grade copper and gold mineralization identified at surface
earlier in the season (Figure 2 and 7). At the time of drill
planning, prospecting assay results had not yet been received but
the bornite and chalcopyrite occurrences with associated potassic
feldspar alteration prompted setting up the first pad where
THN-228, THN22-229, and THN22-230 were drilled. Grab samples near
the drill pad assayed up to 27.2% Cu and 1.15 g/t Au, including
23.6% Cu, 19.25% Cu and 18.1% Cu. Drilling from the three holes
intersected strong potassium feldspar and epidote alteration in
quartz diorite, with local minor occurrences of bornite and
chalcopyrite, with assays up to 0.10% Cu over 33.40m (from
223.50m), including 0.90% Cu and 0.18 g/t Au over 2.70m (Table
5).
Five drill holes were collared from the second
Metla pad, targeting a new Cu-Au showing with up to 32.8% Cu and
59.8 g/t Au from grab samples on surface. Similar to the first
Metla drill pad, the holes were planned prior to having received
surface assay results but the consistent visuals of bornite,
chalcopyrite and pyrite over a 350m strike length warranted drill
testing at depth. Drill holes THN-332, THN22-333, THN22-334,
THN22-335 and THN22-336 all intersected a chlorite, hematite,
potassium feldspar altered phaneritic diorite, with local
disseminated pyrite and trace chalcopyrite and bornite. THN22-232
intersected 0.91m of 0.71% Cu and 0.64 g/t Au from 15.24m.
THN22-234 intersected 0.60m of 0.64% Cu from 17.20m.
The Metla diamond drill program demonstrated
that the altered quartz diorite continues at depth with localized
copper and gold mineralization. Detailed mapping and sampling will
be planned for the 2023 season to assist in planning more drilling
at the Metla Cu-Au porphyry Target.
Table 5. Select Mineralized Intervals for the
Metla Target Drilling.
Hole ID |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
THN22-228 |
223.50 |
256.90 |
33.40 |
0.10 |
0.03 |
including |
253.50 |
256.90 |
3.40 |
0.74 |
0.16 |
including |
254.20 |
256.90 |
2.70 |
0.90 |
0.18 |
THN22-229 |
no significant assays |
THN22-230 |
8.50 |
10.00 |
1.50 |
0.11 |
|
THN22-232 |
15.24 |
16.15 |
0.91 |
0.71 |
0.64 |
THN22-233 |
36.00 |
53.26 |
17.26 |
0.05 |
0.11 |
THN22-234 |
16.60 |
17.80 |
1.20 |
0.35 |
0.02 |
including |
17.20 |
17.80 |
0.60 |
0.64 |
0.02 |
THN22-235 |
no significant assays |
THN22-236 |
no significant assays |
Figure 7. Collar Locations and Drill Traces at
the Metla Target.
Table 6. Drill Collar and Hole Information for
Current News Release.
Thorn Drill Holes: This Release |
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
Zone |
Status |
THN22-228 |
643032 |
6471673.056 |
1658.5 |
18 |
-78 |
376.42 |
Metla |
Current Release |
THN22-229 |
643032 |
6471667.794 |
1654.6 |
193 |
-45 |
372.77 |
Metla |
Current Release |
THN22-230 |
643031 |
6471670.026 |
1651.2 |
289 |
-60 |
310.90 |
Metla |
Current Release |
THN22-232 |
643027 |
6470329.614 |
1622.0 |
359 |
-45 |
48.77 |
Metla |
Current Release |
THN22-233 |
643025 |
6470329.697 |
1623.0 |
0 |
-59 |
116.77 |
Metla |
Current Release |
THN22-234 |
643023 |
6470333.694 |
1621.6 |
336 |
-45 |
82.30 |
Metla |
Current Release |
THN22-235 |
643026 |
6470328.933 |
1619.8 |
333 |
-60 |
121.92 |
Metla |
Current Release |
THN22-236 |
643030 |
6470329.537 |
1621.5 |
72 |
-43 |
51.81 |
Metla |
Current Release |
Total Meters |
|
|
|
|
|
1481.66 |
|
|
2022 Thorn Project Exploration
Summary
A total of 497 rocks and 1,133 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 of 18,122 meters were drilled during the 2022 season,
including 6484m at the Camp Creek Porphyry target and 9119m at
the Trapper target. A total combined 1,229 line-kilometers of
airborne magnetics and radiometrics were flown over the Metla,
Trapper, Val and East Targets. The diamond drilling program started
in May and was completed in late October, at which point the Thorn
camp was closed for the winter.
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 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. Similarly, rock samples were bagged,
tagged and zip-tied at the field sample location, and shipped
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 Person
Mr. Gary 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. 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.), the Atlin Goldfields Projects located in NW BC
(Optioned to Pacific Bay Minerals) 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:
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https://www.globenewswire.com/NewsRoom/AttachmentNg/ddf37b0c-9b75-4aac-87b9-685146d7d5fa
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Brixton Metals (TSXV:BBB)
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から 1 2024 まで 1 2025