Brixton Metals Discovers Sediment Hosted Gold Zone at its Thorn Project And Drills 59.65 Metres of 1.15 g/t Au and 5.64 g/t Ag
30 July 2014 - 1:10AM
Marketwired Canada
Brixton Metals Corporation (TSX VENTURE:BBB) (the "Company" or "Brixton") is
pleased to announce results from its 2014 exploration program at its 100 percent
owned Thorn project. Brixton completed eight NQ sized core drill holes for a
total of 1,287 metres within two separate areas of the property. Drilling was
focused on the Glenfiddich (464 metres in 4 holes) and Outlaw zone (823 metres
in 4 holes). A total of 396 drill core specific gravity measurements were
collected from the Oban, Talisker, Glenfiddich and Outlaw zones.
Highlights of Results
-- Discovery of a new sediment hosted gold zone at Outlaw: Hole 128
returned 59.65 metres of 1.15 g/t Au and 5.64 g/t Ag from 76.00 metres
depth. Including 9.00 metres of 3.08 g/t Au and 10.77 g/t Ag.
-- Surface mineralization: Hole 127 located 283 metres west of hole 128;
returned 11.58 metres of 1.96 g/t Au and 13.78 g/t Ag.
-- Mineralization is hosted by siltstone to greywacke and appears to be
intrusion related.
-- Elevated silver, arsenic and bismuth elements are associated with the
gold mineralization.
-- Multi-kilometer exploration upside potential is supported by gold-
geochem, geology and magnetics.
Chairman and CEO of Brixton, Gary Thompson stated, "The recent drilling at Thorn
adds a fourth zone and perhaps its most significant gold zone on the property to
date. Silver-gold diatreme breccia (Oban Zone), veins (Talisker-Glenfiddich
zones) and intrusion related sediment hosted gold (Outlaw) zones now exist at
the Thorn property". Mr. Thompson further stated that "Brixton represents a very
attractive exploration upside opportunity. As a previously stated in the
Company's News Release May 8, 2014, Brixton has engaged SRK Consulting to
provide an independent inferred resource estimate for its Oban, Talisker and
Glenfiddich zones, which is due 2014".
Holes 127 to 130 were drilled to test the gold in soil anomaly at the Outlaw
zone. THN14-127 returned 11.58 metres of 1.96 g/t Au and 13.78 g/t Ag from 3.05
metres. Included in this interval was 6.00 metres of 3.23 g/t Au and 22.70 g/t
Ag from 5.50 metres depth.
http://brixtonmetals.com/outlaw-drill-holes-plan-map/
Hole 128 was collared 283 metres to the east from hole 127. Hole 128 returned
59.65 metres of 1.15 g/t Au and 5.64 g/t Ag including 9.00 metres of 3.08 g/t Au
and 10.77 g/t Ag from 76.00 metres depth. Mineralization is hosted within
interbedded siltstone and greywacke. Primary sulphides are pyrrhottite, pyrite
and lesser bismuth, chalcopyrite which occur as semi-massive to disseminated and
veinlets. See core photos at the link below. The strata appears to generally
strike east/west and has a moderate north dip.
http://brixtonmetals.com/thorn-core/
Outlaw Zone Drill Results
----------------------------------------------------------------------------
Hole ID From To Interval Gold Silver AuEq
----------------------------------------------------------------------------
(metre) (metre) (metre) g/t g/t g/t
----------------------------------------------------------------------------
THN12-127 3.05 14.63 11.58 1.96 13.78 2.21
----------------------------------------------------------------------------
including 5.50 11.50 6.00 3.23 22.70 3.63
----------------------------------------------------------------------------
THN14-128 76.00 135.65 59.65 1.15 5.64 1.25
----------------------------------------------------------------------------
including 76.00 85.00 9.00 3.08 10.77 3.27
----------------------------------------------------------------------------
THN14-128 179.00
205.00 26.00 0.16 0.96 0.18
----------------------------------------------------------------------------
THN14-129 64.00 109.00 45.00 0.15 0.13 0.15
----------------------------------------------------------------------------
THN14-130 8.00 10.00 2.00 - 250.50 4.53
----------------------------------------------------------------------------
http://brixtonmetals.com/outlaw-zone-cross-sections/
AuEq = Au g/t + Ag g/t (0.63/34.98).
Gold equivalent (AuEq) values were calculated using $1,088 per ounce of gold,
$19.62 per ounce of silver with 100% metal recoveries assumed.
Holes 129 and 130 were drilled from the same pad at an elevation of 1,812
metres. THN14-129 was drilled vertically but was abandoned at 115.21 metres
depth due to difficult ground conditions. THN14-130 was drilled at an azimuth of
10 degrees and a dip of - 45 degrees and to a depth of 224.94 metres. Please see
the above table for results. Most significant was 2.00 metres of 250.50 g/t Ag
in hole THN14-130 from 8 metres depth.
Holes 123-126 were drilled at the Glenfiddich zone. Holes 123 and 124 were
drilled to test the extent of mineralization on strike and to the Northwest,
while holes 125 and 126 were drilled to confirm the 1986 drill holes. This was
done in an attempt to acquire enough data to include the zone in an inferred
estimate. Drill results are tabled below. Generally higher grades in the
Glenfiddich zone are hosted in vein/breccia. Please see the table below and maps
to see drill hole locations.
http://brixtonmetals.com/glenfiddich-zone-drill-holes-plan-map-2/
Glenfiddich Zone Drill Results
----------------------------------------------------------------------------
Hole ID From To Interval Gold Silver Copper Lead Zinc AgEq
----------------------------------------------------------------------------
(metre) (metre) (metre) g/t g/t % % % g/t
----------------------------------------------------------------------------
THN14-123 68.00 76.00 8.00 1.26 12.11 0.05 - 0.05 89.18
----------------------------------------------------------------------------
THN14-124 17.50 29.13 11.63 0.57 7.54 - 0.08 0.22 50.23
----------------------------------------------------------------------------
THN14-124 45.00 58.37 13.37 0.35 10.85 0.14 0.02 0.03 46.95
----------------------------------------------------------------------------
THN14-125 6.10 73.00 66.90 0.30 17.03 0.11 0.08 0.19 53.77
----------------------------------------------------------------------------
including 46.00 49.00 3.00 2.13 70.97 0.72 - - 271.46
----------------------------------------------------------------------------
THN14-126 17.00 54.00 37.00 0.48 14.76 - 0.06 0.12 51.47
----------------------------------------------------------------------------
including 43.00 44.00 1.00 4.10 58.10 0.13 0.09 0.29 311.69
----------------------------------------------------------------------------
AgEq = Ag g/t + (Au g/t x 34.98/0.63) + (Pb% x 17.64/0.63) + (Zn% x 17.64/0.63)
+ (Cu% x 70.55/0.63)
Silver equivalent (AuEq) values were calculated using $1,088 per ounce of gold,
$19.62 per ounce of silver, $3.20 per pound of copper, $0.80 per pound of lead
and $0.80 per pound of lead with 100% metal recoveries assumed.
http://brixtonmetals.com/2014-drill-hole-collar-information/
Quality Assurance & Quality Control
Mr. Sorin Posescu, P.Geo., VP Exploration prepared a QAQC protocol for the
Company and oversaw sampling procedures. Ms. Caroline Vallat, P.Geo., from
GeoSpark Consulting Inc. conducted an independent QAQC review which returned
overall strong accuracy and precision of the analytical results. Sealed samples
were shipped by the Company geologists to ALS Minerals preparation lab in
Whitehorse, Yukon. ALS Minerals Laboratories are registered to ISO 9001:2008 and
ISO 17025 accreditations for laboratory procedures. Blank, duplicate and
certified reference materials were inserted into the sample stream. Analysis for
gold was done by Fire Assay with AA finish. All other elements were analyzed by
Aqua Regia Digest with ICP-AES finish. Silver over-limits were analyzed by fire
assay with gravimetric finish. Base metal over- limits were analyzed with Aqua
Regia Digest and AA finish. A copy of the QAQC protocols can be viewed at the
Company's website.
All reported assays are uncut weighted averages. The true width of reported
mineralization is unknown at this time.
Mr. Sorin Posescu, P.Geo., VP Exploration, is a Qualified Person as defined
under National Instrument 43-101 standards and has reviewed and approved this
news release.
About Brixton Metals and its Thorn Project
Brixton is an exploration company focused on the advancement of high-grade
precious metal assets to feasibility. Brixton's Thorn project hosts a district
scale Triassic to Cretaceous volcanoplutonic complex with several styles of
mineralization related to porphyry and epithermal environments. Targets include
high-grade silver-gold-lead- zinc-bearing diatreme-breccia zones, high-grade
gold-silver-copper veins, porphyry copper-gold-silver and intrusion related
sediment hosted gold. The 28,000-hectare Thorn Project is located in the
Sutlahine River area of Northwestern British Columbia, Canada, approximately 105
km ENE from Juneau, AK.
Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol
BBB. For more information about Brixton please visit our website at
www.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, or other similar
expressions. All statements, other than statements of historical fact included
herein including, without limitation, statements regarding the proposed
exploration, sampling and drilling at Thorn and statements concerning the
anticipated results of such exploration work, are forward looking statements. 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 TSX-V 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brixton Metals Corporation
Mr. Gary R. Thompson
Chairman and CEO
604-630-9707
info@brixtonmetals.com
www.brixtonmetals.com
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