Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce its third 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
- Brixton Metals’ maiden drill program at the Cirque Target has
intercepted broad zones of Cu-Mo porphyry style mineralization
starting from surface, including:
|
|
Hole THN24-292 returned: |
|
- 87.00m of 0.26% CuEq including 28.50m of 0.29% CuEq
|
|
Hole THN24-293 returned: |
|
- 37.50m of 0.28% CuEq within 425.50m of 0.16% CuEq
|
- Drilling has targeted a potassic alteration zone with
chalcopyrite and molybdenite mineralization at surface, located
within a larger 3.6 km x 1.6 km area of phyllic to potassic
alteration.
|
- The Cirque Porphyry Target is located approximately 3 km NE of
the Camp Creek Porphyry Target, on trend along the Camp Creek
fault. Geological mapping in 2024 has identified additional areas
of porphyry style alteration along this trend.
|
Vice President of Exploration, Christina Anstey, stated, “The
initial drill holes at Cirque have significantly enhanced our
understanding of this early-stage drill target. The presence of
porphyry style mineralization and alteration is highly encouraging
and gives us a strong foundation to build on as we continue to
explore and advance this target.”
Project Geologist Leanne Hawkins Highlights the
Cirque Target, Thorn Project:
https://www.youtube.com/watch?v=fnXFv7BYMeI
Figure 1. Thorn Project Location Map with Copper
Geochemistry.
Table 1. Select Assay Intervals for Initial
Drilling at the Cirque Porphyry Target.
Hole ID |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (ppm) |
CuEq (%) |
THN24-292 |
14.75 |
401.00 |
386.25 |
0.10 |
0.04 |
1.81 |
47 |
0.16 |
including |
126.00 |
213.00 |
87.00 |
0.20 |
0.04 |
2.61 |
34 |
0.26 |
including |
135.00 |
163.50 |
28.50 |
0.23 |
0.03 |
3.22 |
30 |
0.29 |
including |
135.00 |
145.50 |
10.50 |
0.37 |
0.04 |
5.22 |
36 |
0.44 |
THN24-293 |
8.40 |
433.90 |
425.50 |
0.11 |
0.02 |
1.76 |
42 |
0.16 |
including |
144.00 |
335.50 |
191.50 |
0.14 |
0.02 |
1.91 |
51 |
0.19 |
including |
145.50 |
223.50 |
78.00 |
0.19 |
0.02 |
2.37 |
34 |
0.23 |
including |
189.00 |
226.50 |
37.50 |
0.24 |
0.02 |
2.79 |
39 |
0.28 |
THN24-295 |
556.50 |
787.00 |
230.50 |
0.05 |
0.02 |
2.67 |
20 |
0.09 |
including |
664.50 |
704.00 |
39.50 |
0.09 |
0.04 |
6.28 |
35 |
0.18 |
including |
667.50 |
686.10 |
18.60 |
0.09 |
0.05 |
9.81 |
33 |
0.22 |
including |
667.50 |
677.30 |
9.80 |
0.10 |
0.06 |
14.69 |
58 |
0.30 |
HQ size core samples were cut in half and
sampled predominantly at 1.5m 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
Cirque Porphyry Target Mineralization at Thorn Project:
https://youtu.be/EsqYbZBTz4I
Figure 2. Plan Map for the Cirque Porphyry
Target.
Figure 3. Cross-Section for the Cirque Porphyry
Target.
Project Geologist Leanne Hawkins on 2024
Exploration at Cirque Target, Thorn
Project:https://www.youtube.com/watch?v=rX77R_OoNEQ
Technical Discussion
The Cirque Porphyry Target is located
approximately 3 km northeast of the Camp Creek Porphyry Target and
was first explored in 1965 by Julian Mining with an eight-hole
diamond drill program totaling 898 meters. The 1965 drilling
outlined copper-molybdenum mineralization over a 600 m x 300 m area
with no further drilling completed since. The drilled area lies
within a larger 3.6 km x 1.6 km alteration zone consisting of
phyllic to potassic assemblages.
Similar to the Camp Creek Porphyry Target,
intrusions at Cirque are Late Cretaceous in age and are on trend to
the northeast along the Camp Creek fault. Evidence of porphyry
style veins intruding the Windy Table volcanics suggests that the
Cirque system is younger than the Camp Creek porphyry center where
the same Windy Table volcanic stratigraphy unconformably overlies
Camp Creek porphyry units. Along this trend, additional areas with
porphyry-style alteration have been identified during the 2024
field season. With porphyry deposits often occurring in clusters or
alignments, further geological mapping, rock sampling, and
hyperspectral scanning of core and rock chips will continue along
this prospective corridor during the remainder of the field
season.
To date, the 2024 drilling at Cirque has
consisted of four diamond drill holes totaling 2,704 meters with
all four holes intersecting porphyry-style Cu-Mo mineralization.
Results for the first three holes are discussed below with results
currently pending for THN24-299.
THN24-292 was designed to test under
chalcopyrite and molybdenite mineralization identified at surface
within potassium feldspar altered volcanics of the Windy Table
Group. THN24-292 was collared at an azimuth of 311.5 degrees with a
dip of -80.0 degrees to a total depth of 605.00m. The top of hole
is dominated by a transitional magmatic-hydrothermal
monzodiorite-cemented breccia with clasts of intermediate to felsic
volcanic tuffs. Breccia infill comprises
chalcopyrite-pyrite-magnetite-actinolite-calcite with orthoclase
alteration halos, which is cut by later
chalcopyrite-pyrite-molybdenite veinlets. At 211.82m the hole
transitions into a potassium feldspar-biotite altered crowded
monzodiorite with disseminated pyrite-chalcopyrite and rare
quartz-pyrite-chalcopyrite-molybdenite-biotite veins. The crowded
porphyry is intruded by a sericite altered megacrystic monzonite
porphyry at 339.48m with sparse disseminated and vein-hosted
chalcopyrite-molybdenite. All units are cut by post-mineral
intermediate to felsic dykes.
Figure 4. Photos of Mineralized HQ-Sized Drill
Core from THN24-292
THN24-293 was collared 70 meters to the
southwest of THN24-292 at an azimuth of 118.0 degrees with a dip of
-66.0 degrees to a total depth of 605.00m targeting surface
porphyry style mineralization. Similar to THN24-292, the top of
Hole 293 intersected the magmatic-hydrothermal breccia, the host of
stronger mineralization, before transitioning into the crowded
monzodiorite at 227.55m which is intruded by the late-mineral
megacrystic monzonite porphyry at 354.05m.
Figure 5. Photos of Mineralized HQ-Sized Drill
Core from THN24-293.
THN24-295 was collared 860 meters SSE of
THN24-293 at an azimuth of 309.5 degrees with a dip of -72.8
degrees to a total depth of 808.00m. The objective of THN24-295 was
to step-out to the southeast along the interpreted trend of
porphyry mineralization. Hole 295 intersected a sericite altered
crowded quartz monzonite porphyry which is intruded by the
megacrystic monzonite starting at 547.55m. Both porphyries host
pyrite and lesser chalcopyrite mineralization observed as
disseminations and within quartz veins and are cut by post-mineral
intermediate to felsic dykes.
Figure 6. Photos of Mineralized HQ-Sized Drill
Core from THN24-295.
The Cirque Porphyry Target sits within a broader
60-kilometer-long northwest trending belt of Late Cretaceous
intrusions that span across the Thorn Project and the presence of
porphyry-style mineralization at Cirque illustrates the potential
for additional mineralized systems at Thorn. At this time, the
strongest mineralization identified at the Cirque Target has been
observed in the transitional-magmatic-hydrothermal breccia
intersected in THN24-292 and THN24-293. Further work will aim to
identify higher-grade portions of the breccia, the extents of this
unit, and determine whether other mineralized intrusions exist
within the larger 3.6 km x 1.6 km alteration zone found at the
Cirque Copper Porphyry Target.
Table 2. Collar Information for THN24-292,
THN24-293, and THN24-295.
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
THN24-292 |
631317 |
6493015 |
1312 |
311.5 |
-80.0 |
605.00 |
THN24-293 |
631258 |
6492978 |
1330 |
118.0 |
-66.0 |
605.00 |
THN24-295 |
631717 |
6492243 |
1437 |
309.5 |
-72.8 |
808.00 |
Table 3. 2024 Drilling Progress Report as of
September 15, 2024: Meters Drilled: 12500.40m.
Target |
Hole ID |
Depth (m) |
Status |
Camp Creek (m): 5649 |
Camp Creek |
THN24-290 |
1564 |
Released July 25, 2024 |
Camp Creek |
THN24-291 |
1523 |
Released August 6, 2024 |
Camp Creek |
THN24-294 |
1553 |
Assays Pending |
Camp Creek |
THN24-297 |
251 |
Assays Pending |
Camp Creek |
THN24-307 |
758 |
Actively Drilling |
Cirque (m): 2704 |
Cirque |
THN24-292 |
605 |
Current Release |
Cirque |
THN24-293 |
605 |
Current Release |
Cirque |
THN24-295 |
808 |
Current Release |
Cirque |
THN24-299 |
686 |
Assays Pending |
Trapper (m): 2695.40 |
Trapper |
THN24-300 |
260 |
Assays Pending |
Trapper |
THN24-301 |
249 |
Assays Pending |
Trapper |
THN24-302 |
185 |
Assays Pending |
Trapper |
THN24-303 |
522 |
Assays Pending |
Trapper |
THN24-304 |
291 |
Assays Pending |
Trapper |
THN24-305 |
40.4 |
Abandoned Hole |
Trapper |
THN24-306 |
154 |
Assays Pending |
Trapper |
THN24-308 |
303 |
Assays Pending |
Trapper |
THN24-309 |
255 |
Assays Pending |
Trapper |
THN24-310 |
266 |
Assays Pending |
Trapper |
THN24-311 |
170 |
Assays Pending |
North Target (m): 1452 |
North Target |
THN24-296 |
530 |
Assays Pending |
North Target |
THN24-298 |
665 |
Assays Pending |
North Target |
THN24-312 |
257 |
Actively Drilling |
Quality Assurance & Quality Control
Quality assurance and quality control protocols
for drill core sampling was developed by Brixton. Core samples were
mostly taken at 1.5m 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. Daniel Guestrin, P.Geo., is a Senior Project
Geologist for the Company who is a qualified person as defined by
National Instrument 43-101. Mr. Guestrin 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: 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.
Links:
https://www.youtube.com/watch?v=fnXFv7BYMeI
https://youtu.be/EsqYbZBTz4I
https://www.youtube.com/watch?v=rX77R_OoNEQ
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