Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce its second drill
hole results of the 2024 season from its wholly owned Thorn Project
located in NW British Columbia, Canada. The Thorn Project is an
underexplored copper-gold porphyry district with 16 large scale
exploration target areas identified. Brixton is operating with two
diamond drills and will continue drilling until the end of the
season.
Highlights
- A gold dominant zone identified
above porphyry-copper mineralization in hole THN24-291 from
116.50-178.00m represents a potential southwest extension to the
high-sulphidation gold system of the Talisker Zone to a 900m strike
length yielding:
- 61.50m of 0.89 g/t Au, 10.5 g/t Ag,
0.13% Cu
- Including 37.30m of 1.35 g/t Au,
16.1 g/t Ag, 0.21% Cu
- Including 11.00m of 3.53 g/t Au,
43.7 g/t Ag, 0.67% Cu
- Including 4.65m of 6.15 g/t Au,
61.9 g/t Ag, 0.96% Cu
- Copper dominant porphyry
mineralization within THN24-291 begins at 397.95m depth and ended
in mineralization at 1524m with increasing copper grades observed
over the bottom 25m
- Hole THN24-291 intercepted broad
zones of Cu-Au-Ag-Mo mineralization:
- 1126.05m 0.18% Cu, 0.05 g/t Au,
1.82 g/t Ag, 167 ppm Mo (0.31% CuEq)
- 575.50m of 0.27% Cu, 0.06 g/t Au,
2.32 g/t Ag, 266 ppm Mo (0.45% CuEq)
- 247.94m of 0.34% Cu, 0.10 g/t Au,
2.81 g/t Ag, 295 ppm Mo (0.57% CuEq)
- 55.94 of 0.44% Cu, 0.13 g/t Au,
3.60 g/t Ag, 253 ppm Mo (0.66% CuEq)
- 30.55m of 0.46% Cu, 0.13 g/t Au,
3.95 g/t Ag, 212 ppm Mo (0.67% CuEq)
- 21.00m of 0.38% Cu, 0.05 g/t Au,
2.62 g/t Ag, 456 ppm Mo (0.65% CuEq)
- Hole THN24-291 significantly
extends the footprint of mineralized porphyry at Camp Creek towards
the northwest
Vice President of Exploration, Christina Anstey,
stated, “We are excited to announce that THN24-291 has expanded the
known broad copper mineralization at the Camp Creek Porphyry Target
and provided a 250-meter extension of the Talisker Gold Zone at the
Thorn Project. We look forward to receiving additional assays from
the Camp Creek drilling and some of the new multi-kilometer scale
regional untested drill targets being explored during this fully
funded season.”
Figure 1. Thorn Project Location Map with Copper
Geochemistry.
Table 1. Select Intervals in Hole THN24-291 from
the Gold Dominant Zone.
Hole ID |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
THN24-291 |
116.50 |
178.00 |
61.50 |
0.89 |
10.5 |
0.13 |
including |
116.50 |
167.30 |
50.80 |
1.06 |
12.5 |
0.16 |
including |
130.00 |
167.30 |
37.30 |
1.35 |
16.1 |
0.21 |
including |
131.00 |
142.00 |
11.00 |
3.53 |
43.7 |
0.67 |
including |
131.70 |
136.35 |
4.65 |
6.15 |
61.9 |
0.96 |
The true width of the mineralized intervals has
not yet been determined.
Figure 2. THN24-291 Cross-Section and Plan Map
for Camp Creek at -400m below sea level.
Table 2. Select Assay Intervals for Camp Creek
Drill Hole THN24-291.
Hole ID |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (ppm) |
CuEq (%) |
THN24-291 |
397.95 |
1524.00 |
1126.05 |
0.18 |
0.05 |
1.82 |
167 |
0.31 |
including |
520.50 |
1524.00 |
1003.50 |
0.20 |
0.06 |
1.92 |
186 |
0.34 |
including |
948.50 |
1524.00 |
575.50 |
0.27 |
0.06 |
2.32 |
266 |
0.45 |
including |
948.50 |
1320.40 |
371.90 |
0.31 |
0.08 |
2.73 |
279 |
0.52 |
including |
974.06 |
1222.00 |
247.94 |
0.34 |
0.10 |
2.81 |
295 |
0.57 |
including |
948.50 |
1030.00 |
81.50 |
0.39 |
0.13 |
3.37 |
214 |
0.60 |
including |
974.06 |
1030.00 |
55.94 |
0.44 |
0.13 |
3.60 |
253 |
0.66 |
|
1058.45 |
1089.00 |
30.55 |
0.46 |
0.13 |
3.95 |
212 |
0.67 |
|
1503.00 |
1524.00 |
21.00 |
0.38 |
0.05 |
2.62 |
456 |
0.65 |
HQ and NQ size core samples were cut in half and
sampled predominantly at 2.0m intervals. Assay values are weighted
averages. The true width of the mineralized intervals has not yet
been determined.
Copper Equivalent (CuEq) is calculated based on
US$ 4.02/lb Cu, US$ 2105.6/oz Au, US$ 25.16/oz Ag, $US 20.99/lb Mo.
These prices represent the approximate Metal prices and
calculations assume 95% metal recoveries.
CuEq % = (Cu % + (0.764486* Au g/t) + (0.009134
* Ag g/t) + (0.000523 * Mo ppm)) * 0.95
Discussion
THN24-291 was collared 285m west from THN21-184
collar and drilled at an azimuth of 150 degrees with a dip of -82
degrees to a total depth of 1524.00m. The objective of hole
THN24-291 was to test for the high-grade part of the system and to
expand mineralization footprint to the northwest.
The gold zone in the upper section of hole 291
from 116.50-178.00m yielded 61.5m of 0.89 g/t Au, 10.5 g/t Ag, and
0.13% Cu represents the high-sulphidation part of the porphyry
system and appears to reflect the southwest extension to the near
surface Talisker Zone. Previous drill intercepts at Talisker
include THN11-51 which intersected 49.78m of 1.41g/t Au, 19.00 g/t
Ag, 0.25% Cu from 52.60m depth and THN04-29 which intersected
56.10m of 1.27g/t Au, 16.7g/t Ag, 0.19 Cu% from 21.80m depth. The
Talisker gold zone has a strong Ag-As-Cu-Sb-Bi association
coincident with the gold zone intercepted in hole 291, located 480m
to the southwest from the gold intercept in hole THN11-51, and
provides a potential new total strike length of the Talisker Zone
of 900m. Gold mineralization is hosted within the upper Porphyry Z
unit which is situated above Porphyry Y and Porphyry X units.
Figure 3. HQ Core from Hole THN24-291 from the
Upper Gold Zone.
Hole THN24-291 was successful in extending
Cu-Au-Ag-Mo mineralization both laterally and to depth in this area
with meaningful higher grade sub-intervals within the 1126.05m of
mineralization drilled. The hole ended in 21.00 meters of 0.65%
CuEq well-mineralized siltstone (0.38% Cu, 0.05 g/t Au, 2.62 g/t Ag
and 456 ppm Mo). Porphyry mineralization is hosted in the
Cretaceous aged diorite Porphyry X unit, a crowded plagioclase
porphyry characterized by well-defined stacked biotite, a feature
typical of mineral-related porphyry phases. Mineralization is also
hosted within Triassic Stuhini Group sedimentary rocks, which are
intruded by the porphyry phases. Mineralization consists dominantly
of chalcopyrite, molybdenite and pyrite as disseminations, fracture
fill and within porphyry-style veins. Pyrite is dominate in the
upper part of the hole with chalcopyrite and molybdenite
mineralization increasing with depth. The majority of
copper-molybdenum mineralization within hole 291 is hosted in the
Triassic Stuhini Group sediments with Porphyry X comprising only
200m of the broader 1126m zone of mineralization (Figure 6).
Alteration assemblages transition from advanced argillic at
surface, into a pronounced zone of strong phyllic alteration and
ultimately into potassic assemblages around the core of the system.
Higher-grade mineralization typically occurs around the -400m below
sea level. At this -400-level hole THN24-291 is spaced 95m west
from previously reported holes 184 and 152m north from hole 201,
(see plan map in Figure 2) and constitutes a significant step-out
from previous drilling to the West and Northwest.
Figure 4. Core Photographs of Copper
Mineralization Observed in THN24-291.
Figure 5. Core Photographs of Copper
Mineralization in Hole THN24-291.
Figure 6. Strip-Log of Hole THN24-291 for
Geological Units and Cu-Au-Ag-Mo distribution.
Table 3. Collar Information for Hole
THN24-291.
Hole ID |
Easting |
Northing |
Elevation (m) |
Dip |
Depth (m) |
THN24-291 |
627663 |
6492135 |
733 |
-82 |
1524.00 |
Quality Assurance & Quality Control
Quality assurance and quality control protocols
for drill core sampling was developed by Brixton. Core samples were
mostly taken at 1.0 to 2.0m 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 Whitehorse, Yukon or Langley, British
Columbia depending on available lab capacity. 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.
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 and analytical results 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 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,
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securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
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