Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce the first 2023
drill results from its Camp Creek Copper Porphyry Target on its
wholly owned Thorn Project located in Northwest British Columbia,
Canada.
Highlights
- Hole THN23-261 is the longest copper interval drilled at Camp
Creek to date
- 1562.35m of 0.34% CuEq (0.19% Cu, 0.05 g/t Au, 2.81 g/t Ag, 180
ppm Mo)
- Including 855.00m of 0.52% CuEq (0.29% Cu, 0.06 g/t Au, 2.44
g/t Ag, 314 ppm Mo)
- Including 109.87m of 0.86% CuEq (0.51% Cu, 0.08 g/t Au, 3.70
g/t Ag, 498 ppm Mo)
- Significantly expanding the footprint of the Camp Creek
porphyry mineralization
VP of Exploration, Christina Anstey, stated, “We
are excited by the extent of the porphyry copper mineralization at
the Camp Creek Target and that this hole encountered 580m of the
main mineralized porphyry. The copper mineralization remains open
in several directions.”
Figure 1. Thorn Project and Copper Target
Location Map with Copper Geochemistry.
Hole THN23-261 was drilled at an azimuth of
350.3 degrees, a dip of -79.4 degrees, with the collar at an
elevation of 780m and reached 1650m depth. This hole was designed
to test the potential extension of known porphyry mineralization
encountered in holes THN21-184 (821.25m of 0.54% CuEq including
318.25m of 1.03% CuEq) and hole THN22-221 (779.65 of 0.41% CuEq
including 234.00m of 0.63% CuEq) that were drilled in 2021 and 2022
respectively. Hole THN23-261 is a significant step-out and has
successfully expanded mineralization by 468m towards the east from
hole THN21-184 and 245m to the southeast from hole THN22-221 at a
depth of -400m elevation below sea level (see Figure 2). Copper
mineralization is largely hosted within the Cretaceous aged
Porphyry X unit and the Triassic Stuhini Group sediments of which
both have been cut by several unmineralized post-mineral dykes.
Hole 261 intercepted the broadest intercept of Porphyry X to date
totaling 586.26m within a 756.07m interval. The hole ended at 1650m
in Porphyry V, a newly recognized non-mineral porphyry phase which
also appears to cut the Porphyry X unit. Hole 261 yielded 1562.35m
of 0.34% CuEq, including 855.00m of 0.52% CuEq, including 630.00m
of 0.57% CuEq, including 221.49m of 0.68% CuEq, and including
109.87m of 0.86% CuEq (see Table 1).
Table 1. Select Mineralized Intervals For Drill
Hole THN23-261.
Hole |
From |
To |
Interval |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (ppm) |
CuEq % |
THN23-261 |
87.65 |
1650.00 |
1562.35 |
0.186 |
0.05 |
2.81 |
180 |
0.34 |
including |
447.50 |
1650.00 |
1202.50 |
0.228 |
0.05 |
2.27 |
233 |
0.41 |
including |
795.00 |
1650.00 |
855.00 |
0.293 |
0.06 |
2.44 |
314 |
0.52 |
including |
884.00 |
1514.00 |
630.00 |
0.336 |
0.07 |
2.74 |
309 |
0.57 |
including |
1052.00 |
1273.49 |
221.49 |
0.419 |
0.07 |
3.24 |
351 |
0.68 |
including |
1163.62 |
1273.49 |
109.87 |
0.511 |
0.08 |
3.70 |
498 |
0.86 |
and including |
1330.85 |
1650.00 |
319.15 |
0.295 |
0.04 |
2.08 |
456 |
0.59 |
including |
1330.85 |
1514.00 |
183.15 |
0.389 |
0.06 |
2.69 |
441 |
0.68 |
|
|
|
|
|
|
|
|
|
The true width of the mineralized intervals have
not yet been determined.
Copper Equivalent (CuEq) is calculated based on
US$ 3.82/lb Cu, US$ 1863.32/oz Au, US$ 22.59/oz Ag, $US 23.19/lb
Mo. These prices represent the approximate 1 year moving averages
of metal prices and calculations assume 95% recovery.
CuEq % = (Cu % + (0.711384* Au g/t) + (0.008624 *
Ag g/t) + (0.000607 * Mo ppm)) * 0.95
Figure 2. Camp Creek Drill Hole Intersections at
-400m Elevation Below Sea Level.
Figure 3. Hole THN23-261 Photograph of
Mineralized Core at 955.50m Depth.
Figure 4. Cross Section of the Camp Creek Drill
Target.
Figure 5. Hole THN23-261 Core Photograph at
1231.49m Depth.
Figure 6. Hole THN23-261 Core Photograph at
1461.50m Depth.
Table 2. Select Mineralized Intervals.
Hole |
From |
To |
Interval |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (ppm) |
CuEq (%) |
THN23-258 |
20.60 |
1130.00 |
1109.40 |
0.106 |
0.05 |
1.78 |
93 |
0.20 |
Including |
710.00 |
1040.00 |
330.00 |
0.180 |
0.05 |
1.37 |
155 |
0.31 |
Including |
922.00 |
1003.82 |
81.82 |
0.272 |
0.07 |
1.62 |
203 |
0.43 |
Including |
966.00 |
998.00 |
34.00 |
0.333 |
0.09 |
2.06 |
243 |
0.54 |
|
|
|
|
|
|
|
|
|
THN23-259 |
156.00 |
158.00 |
2.00 |
0.066 |
0.60 |
19.61 |
1 |
0.63 |
|
|
|
|
|
|
|
|
|
THN23-260 |
289.50 |
1043.00 |
753.50 |
0.056 |
0.04 |
2.85 |
26 |
0.12 |
Including |
509.00 |
527.20 |
18.20 |
0.076 |
0.06 |
13.66 |
3 |
0.22 |
Including |
872.00 |
882.50 |
10.50 |
0.262 |
0.04 |
7.25 |
23 |
0.35 |
Drill hole THN23-258 was drilled at an azimuth
of 111.69 degrees, a dip of -78.62 degrees, an elevation of 619m
and was drilled to a total depth of 1130.00m. The objective of hole
258 was to test for porphyry copper mineralization to the south of
hole THN21-183 and to test below the high-sulphidation vein-breccia
system encountered in previous near surface drilling at the
Glenfiddich Zone. Hole 258 is located south-southeast from hole 183
at a pierce point of -400m elevation below sea level. THN23-258 did
not encounter the main mineralizing Porphyry X unit and the
dominant lithology was hornfels altered Stuhini Group sediments.
Assay results returned 1109.40m of 0.20% CuEq, including 330m 0.31%
CuEq, and 32m of 0.54% CuEq (see Table 2 for details). Although no
Porphyry X was intercepted within hole 258, porphyry-style
alteration was observed suggesting that the hole was drilled along
the edge of the system.
Drill hole THN23-259 was drilled at an azimuth
of 187.36 degrees, a dip of -81.00 degrees, at collar elevation of
757m and to a depth of 522.06m. The hole was designed to test for
the eastern extension of mineralization previously drilled in hole
184, however it was abandoned due to poor ground conditions and did
not reach its target depth. Hole 259 returned 2m of 0.63% CuEq,
notable for its elevated silver at 19.61g/t Ag. The targeted
location at depth will be tested with a follow-up hole during the
2023 season from a different pad location.
Drill Hole THN23-260 was drilled at an azimuth
of 357.10 degrees, a dip of -81.21 degrees, at a collar elevation
of 829m to a total depth of 1196.62m. Hole 260 was designed to test
for porphyry copper mineralization below the near-surface,
high-sulphidation veins at the Talisker Zone. Broad intervals of
prominent skarn-type alteration with sphalerite mineralization were
encountered with only narrow copper intervals suggesting that this
far-north step-out location is more distal to the core system. Hole
260 returned 753.50m of 0.12% CuEq, including 10.50m of 0.35%
CuEq.
Table 3. Collar Information.
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
Zone |
THN23-258 |
627773 |
6491686 |
619 |
111.69 |
-78.62 |
1130.00 |
Camp Creek |
THN23-259 |
628062 |
6492150 |
757 |
187.36 |
-81.00 |
522.06 |
Camp Creek |
THN23-260 |
628124 |
6492310 |
829 |
357.1 |
-81.21 |
1196.62 |
Camp Creek |
THN23-261 |
628270 |
6491852 |
781 |
350.27 |
-79.41 |
1650.00 |
Camp Creek |
Qualified Person
Mr. Corey A. James, P.Geo., is a Senior Project
Geologist for the company and a qualified person as defined by
National Instrument 43-101. Mr. James has verified the data
disclosed in this press release, including the sampling,
analytical and test data underlying the technical information and
has approved 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, which is optioned to
Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel
Project in Ontario and the Atlin Goldfields Project located in
northwest BC. 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
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.
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