Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the
“Company” or “Brixton”) is pleased to announce the
commencement of drilling for the 2023 exploration program at its
flagship Thorn Project located along the northwestern extent of the
Golden Triangle trend in British Columbia. The program is fully
funded and was planned through the joint technical committee
between the Company and our 19.9% strategic investor, BHP. The 2023
program will focus on drilling the Camp Creek Copper Porphyry
Target and the Trapper Gold Target. The two targets form an 8km
mineralization trend. Additionally, plans are to drill-ready high
priority copper targets on the Thorn Project through geochemical
and geophysical surveys.
VP of Exploration Christina Anstey stated, “We
are excited to have an early start to our exploration season. Our
first priority will be focused on the Camp Creek copper dominant
porphyry target followed by the Trapper Gold Target later in the
campaign. We are keen to expand on the known high-grade
mineralization and test interpreted extents at both targets
throughout the season.”
Figure 1. General Thorn Project Location Map and
Copper Geochemistry.
Camp Creek Cu-Au-Ag-Mo Porphyry
Target
The 2023 drill program at the Camp Creek
porphyry target encompasses two principal objectives: the foremost
is to intersect the high-grade part of this extensive mineralized
system, and secondly, to further expand mineralization laterally
with large step-out holes. Drilling is currently underway with two
drills set-up at the Camp Creek target. Brixton plans to drill 8 to
10 deep holes targeting the copper dominant porphyry this season.
The minimum footprint of this target is 1km by 1km with potential
for up to 2km strike. Drill hole target depths at Camp Creek are a
minimum of 1200m.
Figure 2. Drilling the first hole of 2023 at the
Camp Creek Copper Target, hole THN23-258.
Results from the 2022 drill program continued to
demonstrate the potential for broad intercepts of nearly 1000m of
copper mineralization, which remains open in all directions.
Figure 3. Water Sampling at Camp Creek and Core
Logging.
The Trapper Gold Target
We anticipate drilling at the Trapper Gold
Target in early-mid June as the winter snowpack retreats. The
objective of further drilling at the Trapper Gold Target is to
expand the gold mineralization along strike and at depth, as well
as testing sub-parallel structures to the north and south of the
main target area. Overall, the gold zone strikes west-northwest,
defined over 400 meters, dipping moderately to the north. The
contact between the quartz diorite and the lapilli tuff volcanic
rocks seems to be an important control on mineralization. Follow-up
work is planned around multiple untested surface gold anomalies
that have been identified up to 500m away from the main drilling
area. Additional plans include testing several copper surface
anomalies peripheral to the gold zone for a copper porphyry link to
the Trapper Gold Target.
Atlin Goldfields Project
Update
Pacific Bay Minerals Ltd. and Brixton have
agreed to amend the terms of the Definitive Option Agreement
entered into by the parties on May 4, 2022, enabling Pacific Bay to
acquire up to a 100% interest in the Atlin Goldfields Property in
northern BC.
The $200,000 cash payment that was due on May 4,
2023 may now be paid by Pacific Bay on the earlier of July 10, 2023
or five days following the completion of a private placement
financing by the Company. The amendment also permits Pacific Bay to
complete the required $500,000 in year one expenditures during the
second year of the agreement. The 1,000,000 Pacific Bay shares
payable to Brixton under the Option Agreement have been
received.
Qualified Person
Mr. Gary R. Thompson, P.Geo., is Chairman, CEO
and President for the Company and a qualified person as defined by
National Instrument 43-101. Mr. Thompson has verified the data
disclosed herein 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 northwest BC (Optioned to
Pacific Bay Minerals), the Langis-HudBay silver-cobalt-nickel
Project in Ontario, and the Hog Heaven copper-silver-gold Project
in NW Montana, USA (Optioned 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:
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://www.globenewswire.com/NewsRoom/AttachmentNg/f411a141-e0cb-4b50-9dbc-b7c00e0eeecfhttps://www.globenewswire.com/NewsRoom/AttachmentNg/da3fb784-4f86-4bb2-a63a-7278796ecf1ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/486364fd-3e9d-497f-aef3-661bb26c46dc
Brixton Metals (TSXV:BBB)
過去 株価チャート
から 11 2024 まで 12 2024
Brixton Metals (TSXV:BBB)
過去 株価チャート
から 12 2023 まで 12 2024