Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce the final batch
of 2024 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.
Highlights
- Hole THN24-311 yielded 48.50m of
1.16 g/t Gold from 73.00m depth
- Including 20.00m of 2.34 g/t
Gold
- Including 3.00m of 5.67 g/t
Gold
- Hole THN24-310 yielded 42.00m of
0.61 g/t Au Including 9.00m of 1.16 g/t Gold
- Gold occurs as native gold and is
associated with base metal veins as galena, sphalerite,
chalcopyrite, quartz-carbonate and pyrite
“The 2024 Trapper Gold drill program continued
to demonstrate the strong mineralization potential of the target.
The Trapper Target remains open in multiple directions and with
supporting geochemical, geophysical and structural data, several
promising areas for potential expansion have been identified. We
look forward to drilling at the Trapper Target in 2025,” stated
Vice President of Exploration, Christina Anstey.
Figure 1. Gold Geochemistry and Trapper Target
Location Map.
Table 1. Select Mineralized Intervals for the
Trapper Target Drilling.
Hole ID |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
THN24-310 |
16.00 |
158.00 |
142.00 |
0.49 |
2.05 |
Including |
34.00 |
76.00 |
42.00 |
0.61 |
1.78 |
Including |
53.00 |
62.00 |
9.00 |
1.16 |
3.02 |
And Including |
123.00 |
158.00 |
35.00 |
0.67 |
2.07 |
Including |
125.00 |
132.00 |
7.00 |
1.10 |
3.19 |
THN24-311 |
6.00 |
132.00 |
126.00 |
0.58 |
2.61 |
Including |
73.00 |
121.50 |
48.50 |
1.16 |
3.92 |
Including |
73.00 |
93.00 |
20.00 |
2.34 |
7.21 |
Including |
80.00 |
93.00 |
13.00 |
2.94 |
9.19 |
Including |
80.00 |
83.00 |
3.00 |
5.67 |
7.04 |
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 2024 drill campaign at the Trapper Gold
Target totaled 2,745.60m of drilling across 11 HQ-sized diamond
drill holes, of which 685.00m are covered in this release. The
program was designed to test the extents and continuity of the main
mineralized corridor along the Lawless Fault zone through a
combination of infill and step-out drilling. Additional step-out
drilling was completed north of the main zone, following-up on
undercover mineralized zones that were identified during the 2023
drill program. Drilling was planned through a combination of
mapping, oriented core data analysis, geophysics, and soil
geochemistry. This release covers all remaining drill hole results
from the 2024 Trapper Gold Target drill campaign.
Figure 2. Planview Map with Collar Locations and
Gold Drill Traces at the Trapper Target.
THN24-310 and THN24-311 were drilled from the
same pad location and planned as infill to assess grade continuity
between previously released hole THN22-237 from the 2022 drill
campaign. Hole 310 was drilled at an azimuth of 010 degrees and dip
of -50 degrees to a final depth of 266.00m returning 42.00m of 0.61
g/t Au, including 9.00m of 1.16 g/t Au. Hole 311 was drilled at a
steepened angle below hole 310 at an azimuth of 010 degrees and a
dip of -65 degrees to a final depth of 170.00m. Hole 311 returned
48.50m of 1.16 g/t Au from 73.00m depth, including 20.00m of 2.34
g/t Au, including 3.00m of 5.67 g/t Au.
THN24-301 was drilled at an azimuth of 060
degrees and dip of -55 degrees to a final depth of 249.00m and was
drilled from the same pad location as previously released holes
THN23-275, THN23-278 and THN23-279 testing a north-northwest
trending structure highlighted by the Calculated Vertical Gradient
geophysical survey. THN24-301 returned no significant assays;
however, narrow intervals of elevated gold were encountered
repeatedly down hole.
Gold mineralization at Trapper is structurally
controlled along the Lawless Fault, trending northwest-southeast
and dipping moderately to the north in the main drilling area.
There are multiple magnetic CVG features (Calculated Vertical
Gradient; see news release dated October 10th, 2024) that could
reflect similar parallel structures to the Lawless Fault which
remain open to test for new gold potential. 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.
Future drilling at the Trapper Target will focus on identifying new
zones of gold-bearing mineralization undercover within the
footprint of this larger gold geochemical anomaly.
Figure 3. Visible Gold Photographs of THN24-310
and THN24-311.
Drilling Information
Table 2. Drill Collar and Hole Information of
Current News Release.
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
THN24-301 |
630159 |
6485687 |
1292 |
060 |
-55 |
249.00 |
THN24-310 |
630378 |
6485425 |
1288 |
010 |
-50 |
266.00 |
THN24-311 |
630378 |
6485425 |
1288 |
010 |
-65 |
170.00 |
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, 2022 and 2023, Brixton drilled 3,107m, 9,119m and
6,625m, 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 were 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 2,945 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. Many 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. 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 which is optioned to Eldorado Gold Corporation.
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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