Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce that it has
started its maiden drill program at the Cirque Copper Porphyry
Target which is located 3km east from the Camp Creek Porphyry
discovery on its wholly owned Thorn Project.
Highlights of the Cirque Copper
Target
- Cirque is a multi-kilometer copper
porphyry target on the Thorn Project
- Surface exposures of copper
mineralization (vein-hosted and disseminated chalcopyrite) have
been identified over a 1km by 2km area.
- Rock and soil geochemistry contain
elevated copper, molybdenum and MDRU’s Porphyry Index (MPIx)
anomalies
- The target is supported by a large,
near-surface magnetic and coincident conductivity geophysical
anomaly
VP of Exploration, Christina Anstey stated, “We
are thrilled to launch Brixton’s first drill campaign on the Cirque
Porphyry Target. Given that porphyry deposits often form in
clusters, the proximity of favorable mineralized intrusions to the
known Camp Creek Porphyry makes this area particularly promising.
The significant intervals of chalcopyrite mineralization observed
on the surface, along with coincident geophysical signatures, is
very encouraging.”
Figure 1. Thorn Project, Copper Geochemistry and
2024 Target Areas.
Figure 2. Surface Rock Samples from the Cirque
Target, assays pending. Sample D132719 showing breccia hosted
chalcopyrite mineralization and associated
silica-potassium-feldspar alteration. Sample D131511 showing
sericite and potassium-feldspar alteration of Windy Table
intrusive.
Figure 3. BQ sized core from Julian Mining’s
1965 Cirque Program. Select unanalyzed core containing chalcopyrite
and molybdenite in quartz vein.
Figure 4. BQ sized core from Julian Mining’s
1965 Cirque Program. Select unanalyzed core containing disseminated
chalcopyrite and pyrite.
About the Cirque Copper
Target
Cirque is a copper porphyry target located 3
kilometers east of the Camp Creek Porphyry Target and immediately
north of the Outlaw Sediment-hosted Gold Target. The target is
defined by a 2km by 1km northwest trending surface copper anomaly
with a large portion of the target area covered by glacial alluvium
material masking the underlying geology.
Late Cretaceous Windy Table volcanic rocks and
associated Windy Table Suite Intrusions are host to porphyry-style
mineralization and alteration at Cirque. Using the MDRU Porphyry
Index (MPIx) on the local soil geochemistry data, a ratio of
proximal and distal elements in a copper porphyry system ([(Cu/10)
+Mo+(10xW)+(20xSn)]/[ (5xSb)+(20xTl)+Ag+As+Li]), Brixton Metals has
outlined a 1km by 2km anomalous area coincident with the Cretaceous
intrusion centers, jarosite and goethite anomalies, and mapped
pyrite-chalcopyrite occurrences.
Quartz-chalcopyrite veins sampled in the area to
the northwest of this historic drilling returned 1.6% Cu, 0.11 g/t
Au, and 12.75 g/t Ag. Disseminated pyrite and chalcopyrite
mineralization is observed throughout windows of surface outcrop
within the overburden and is hosted in both Windy-Table volcanics
and associated intrusions. Mineralization coincides with widespread
silica-sericite-pyrite alteration zones as well as localized zones
of potassium-feldspar and sericite alteration. The broad
occurrences of copper mineralization and associated alteration in
conjunction with favorable magnetic signatures and anomalous
porphyry-index indicators suggest that a potential Cu-Mo porphyry
system at Cirque remains untested.
Historic drilling in the Cirque area by Julian
Mining in 1965 intercepted sporadic copper mineralization
throughout thirteen shallow holes where limited select sections of
core were analyzed for copper and molybdenum only. Some of the
unsampled core hosted disseminated and vein hosted
chalcopyrite.
Qualified Person (QP)
Mr. Corey A. James, P.Geo., is a Senior Project
Geologist for the Company who is a qualified person as defined by
National Instrument 43-101. Mr. James has verified the referenced
data disclosed in this press release and has approved the technical
information presented herein.
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 CEO
For Investor Relations inquiries please contact:
Mr. Michael Rapsch, Senior Manager, Investor Relations: email:
michael.rapsch@brixtonmetals.com or call Tel: 604-630-9707
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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