Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce the first batch
of 2023 drill results from the Trapper Gold Target at its wholly
owned Thorn Project. The project is located in Northwest British
Columbia, 90km east of Juneau, Alaska and within the Taku River
Tlingit and Tahltan First Nation’s traditional territory.
Highlights
- Drilling extended the Trapper gold mineralization 250m down-dip
along the Lawless fault
- Hole THN23-270 yielded 98.00m of
0.62 g/t Au from 98.0m depth
- Including 66.00m of 0.80 g/t
Au
- Including 32.00m of 1.15 g/t
Au
- Including 6.00m of 5.07 g/t Au
- Hole THN23-268 yielded 55.71m of
0.82 g/t Au from 152.29m depth
- Including 24.31m of 0.93 g/t
Au
- Including 7.00m of 2.67 g/t Au
Vice President of Exploration, Christina Anstey,
stated, “We are highly encouraged by the gold intercepts we’ve
observed in the broad step out holes drilled at the Trapper Gold
Target to date. We look forward to reporting on the additional
results from the Trapper Target from the 2023 season.”
Figure 1. Gold Geochemistry and Trapper Target
Location Map.
Table 1. Select Mineralized Intervals for the
Trapper Target Drilling.
Hole |
From |
To |
Interval |
Ag (g/t) |
Au (g/t) |
THN23-270 |
98.00 |
196.00 |
98.00 |
1.45 |
0.62 |
Including |
130.00 |
196.00 |
66.00 |
1.86 |
0.80 |
Including |
120.00 |
152.00 |
32.00 |
2.07 |
1.15 |
Including |
141.00 |
152.00 |
11.00 |
4.89 |
3.01 |
Including |
143.00 |
149.00 |
6.00 |
6.23 |
5.07 |
|
THN23-268 |
138.00 |
213.00 |
75.00 |
1.56 |
0.65 |
Including |
152.29 |
208.00 |
55.71 |
1.87 |
0.82 |
Including |
152.29 |
176.60 |
24.31 |
2.64 |
0.93 |
And Including |
201.00 |
208.00 |
7.00 |
2.72 |
2.67 |
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.
Discussion
The 2023 program at the Trapper Gold Target
totaled 6,625.24m of drilling. This News Release covers 3,027m of
drilling for a total of 12 drill holes with assays pending for the
remaining 11 drill holes, which will be released as they become
available.
Figure 2. Simplified Geology Map with Collar
Locations and Drill Traces at the Trapper Target.
Gold mineralization at Trapper is structurally
controlled along the Lawless fault trending northwest-southeast and
dipping moderately to the north. Mineralization appears to favour
the contact between the Cretaceous (85.2 +/- 1.2Ma) quartz diorite
and the Triassic lapilli tuffs with broad gold intervals largely
hosted along the faulted contact. The gold is associated with
silver and base metal veins containing pyrite-galena-sphalerite +/-
chalcopyrite +/- bornite which occur conjugate to the Lawless
fault. Through a combination of oriented core drilling, surface
mapping, geochemistry and geophysics, the aim is to achieve
predictability of the gold-bearing zones. The current drilling at
the Trapper Target is located 7km southeast from the Camp Creek
Copper Porphyry Target. At surface, the Trapper Target is expressed
as a 4km northwest trending gold and zinc soil geochemical anomaly
which is part of the larger 11km gold geochemical anomaly trending
from Camp Creek to the Trapper Target.
The 2023 drill campaign at Trapper was designed
to test the extents of the main mineralized corridor along the
Lawless fault zone, as well as testing step-out targets where
similar structural and geophysical features were interpreted using
the high-resolution aeromagnetic survey completed in 2022. Drilling
was planned through a combination of mapping, oriented core data
analysis, geophysics, and soil geochemistry. Results from the 2023
drill program continue to demonstrate the potential for broad
intercepts of near surface gold mineralization which remains open
in several directions.
Figure 3. 3D Conceptual Deposit Model of the
Trapper Gold Target, Northwest View.
Drill holes THN23-268, THN23-269 and THN23-270
were collared from the same drill pad, 40m southwest of THN22-237
(304.46m of 1.19 g/t Au including 14.0m of 10.70 g/t Au) to test
the southern extents of mineralization along the diorite-lapilli
tuff contact. THN23-270 collared into quartz diorite and at a
downhole depth of 58.5m intervals of base metal sulphide veins
containing visible gold (Figures 4) were observed resulting in
significant broad intercepts of gold mineralization. THN23-270
drilled to a depth of 235.00m, assaying 208.00m of 0.37 g/t Au from
18.00m depth including 98.00m of 0.62 g/t Au, including 66.00m of
0.80 g/t Au, including 32.00m of 1.15 g/t Au, including 11.00m of
3.01 g/t Au, and including 6.00m of 5.07 g/t Au.
THN23-268 was drilled to a depth of 292m and
planned to test the east-west trending mineralized veins observed
in 2022 drilling. One instance of visible gold was observed at
176.45m within a base metal bearing vein hosted in the lapilli
tuff. This hole intercepted 244.00m of 0.35 g/t Au, including
75.00m of 0.65 g/t Au, including 55.71m of 0.82 g/t Au, including
24.31m of 0.93 g/t Au, and including 7.00m of 2.67 g/t Au.
THN23-269 was drilled below hole 268 to a depth of 205.00m and was
planned to test the southern extents of mineralization along the
Lawless fault. The hole crossed the fault at 12.69m and no
significant mineralization was observed in the footwall.
Figure 4. Visible Gold Photographs of HQ Core
from Hole THN23-270.
THN23-264, THN23-265 and THN23-266 were drilled
approximately 500 meters east of the main Trapper Target area and
were planned to test high grade gold veins observed on surface
along Inlaw Creek. Narrow intervals of high-grade veins were
observed in holes 264 and 265 and additional drilling is required
to further define the extents of mineralization in this area.
THN23-267 was collared 60.00m northwest of
THN22-205 (64.00m of 5.74 g/t Au including 28.95m of 10.36 g/t Au)
to test the western extent of the main mineralized trend. Due to
surface ground conditions the hole was collared north of the main
fault and drilled to a depth of 297.00m. Hole 267 is interpreted to
be on the shoulder of the main gold zone and intercepted broad
intervals of low-grade gold with elevated silver grades, including
11.41m of 0.70 g/t gold and 21.74 g/t silver.
Figure 5. Gold Surface Geochemistry Map with
Collar Locations and Drill Traces at the Trapper Target.
THN23-278 was planned as an 85m step out from
the previously drilled holes along the Lawless fault. This hole was
to a total depth of 592.00m and is the deepest drill hole to date
in the main Trapper Target. Although the upper part of this hole
was relatively unmineralized, base metal veining was intercepted at
400m depth extending the mineralized zone approximately 250m down
dip and towards the north along the Lawless fault.
THN23-272, THN23-273 and THN23-274 were a 450m
western step out from the main Trapper Target area and planned to
test along an interpreted structure that was identified in the 2022
aeromagnetic survey. These holes drilled down dip of a large
unmineralized fault and it is now believed the mineralized fault
trends further north.
Table 2. Additional Select Reported Mineralized
Intervals for the Trapper Target Drilling.
Hole |
From |
To |
Interval |
Ag (g/t) |
Au (g/t) |
THN23-264 |
94.50 |
233.50 |
139.00 |
1.02 |
0.13 |
Including |
199.00 |
233.50 |
34.50 |
1.36 |
0.32 |
Including |
199.00 |
212.50 |
13.50 |
1.82 |
0.72 |
Including |
202.00 |
209.50 |
7.50 |
2.46 |
1.13 |
|
THN23-265 |
119.00 |
198.00 |
79.00 |
1.12 |
0.13 |
Including |
119.00 |
124.34 |
5.34 |
3.64 |
0.73 |
Including |
121.00 |
123.00 |
2.00 |
3.54 |
1.23 |
|
THN23-266 |
no significant assays |
|
|
|
|
|
|
THN23-267 |
4.50 |
208.50 |
204.00 |
1.85 |
0.10 |
Including |
4.50 |
43.50 |
39.00 |
7.08 |
0.28 |
Including |
4.50 |
26.00 |
21.50 |
12.47 |
0.40 |
Including |
6.00 |
17.41 |
11.41 |
21.74 |
0.70 |
|
|
|
|
|
|
THN23-269 |
no significant assays |
|
|
|
|
|
|
THN23-271 |
no significant assays |
|
|
|
|
|
|
THN23-272 |
no significant assays |
|
|
|
|
|
|
THN23-273 |
no significant assays |
|
|
|
|
|
|
THN23-274 |
no significant assays |
|
|
|
|
|
|
THN23-278 |
167.50 |
579.00 |
411.50 |
0.41 |
0.10 |
Including |
347.50 |
471.08 |
123.58 |
0.66 |
0.15 |
Including |
358.00 |
373.08 |
15.08 |
0.41 |
0.28 |
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.
Drilling Information
Table 3. Drill Collar and Hole Information of
Current News Release.
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
Zone |
THN23-264 |
630818 |
6485554 |
1121.60 |
300.72 |
-51.20 |
265 |
Trapper |
THN23-265 |
630818 |
6485554 |
1121.60 |
298.68 |
-67.08 |
247 |
Trapper |
THN23-266 |
630818 |
6485554 |
1121.50 |
5.04 |
-46.69 |
256 |
Trapper |
THN23-267 |
630200 |
6485623 |
1325.61 |
10.13 |
-55.82 |
297 |
Trapper |
THN23-268 |
630313 |
6485426 |
1317.53 |
3.72 |
-45.36 |
292 |
Trapper |
THN23-269 |
630313 |
6485426 |
1317.75 |
0.83 |
-66.10 |
205 |
Trapper |
THN23-270 |
630312 |
6485426 |
1311.43 |
12.31 |
-51.73 |
235 |
Trapper |
THN23-271 |
630397 |
6485356 |
1281.56 |
1.15 |
-47.24 |
150 |
Trapper |
THN23-272 |
629955 |
6485849 |
1136.54 |
24.71 |
-49.54 |
112 |
Trapper |
THN23-273 |
629954 |
6485847 |
1136.51 |
20.52 |
-66.61 |
147 |
Trapper |
THN23-274 |
629984 |
6485930 |
1119.94 |
23.19 |
-45.58 |
229 |
Trapper |
THN23-278 |
630156 |
6485692 |
1279.90 |
11.34 |
-45.77 |
592 |
Trapper |
About the Trapper Gold
Target
The geochemical footprint for the Trapper Gold
Target was expanded in 2021 to 4km by 1.5km with a gold-in-soil
geochemical signature that has a strong positive correlation to
zinc and lead. The Trapper Target represents an
intermediate-sulphidation epithermal system hosted in volcanic and
intrusive rocks. The volcanics are Triassic Stuhini lapilli tuff,
while the intrusive phase is a Cretaceous quartz diorite dated at
85.2Ma +- 1.2Ma. Visible gold has been identified in both drill
core and surface outcrops across the Trapper Target area and rock
grab samples have returned up to 152 g/t Au. Visible gold is
recognized in several environments: within base metal veins
(sphalerite-galena-pyrite-chalcopyrite), quartz-stockwork,
sulphosalt-pyrite veinlets, and rarely disseminated gold in the
diorite. In 2021 and 2022, Brixton drilled 3,107m and 9,119m
respectively. In 2011, forty-two drill holes were completed by a
previous operator. The Trapper Target is royalty free.
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 Langley, British Columbia. 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.
About the Thorn Project
The wholly-owned 2,881 square kilometer Thorn
Project is located in British Columbia, Canada, approximately 90 km
east of Juneau, AK. The southern limit of the Thorn claim boundary
is roughly 50 km from tide water. 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 work. Information on each of the targets may be found
at the following link:
https://brixtonmetals.com/thorn-gold-copper-silver-project/
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 toward
feasibility. Brixton wholly owns four exploration projects:
Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the
Atlin Goldfields Project located in NW BC, the Langis-HudBay
silver-cobalt-nickel Project in Ontario, and the Hog Heaven
copper-silver-gold Project in NW Montana, USA (under option 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
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
athttps://brixtonmetals.com/wp-content/uploads/2023/10/Figure-1_16Oct2023.pnghttps://brixtonmetals.com/wp-content/uploads/2023/10/Figure-2_16Oct2023.pnghttps://brixtonmetals.com/wp-content/uploads/2023/10/Figure-3_16Oct2023.pnghttps://brixtonmetals.com/wp-content/uploads/2023/10/Figure-4a_16Oct2023.pnghttps://brixtonmetals.com/wp-content/uploads/2023/10/Figure-4b_16Oct2023.pnghttps://brixtonmetals.com/wp-content/uploads/2023/10/Figure-5_16Oct2023.png
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