Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF)(the “Company” or “Brixton”) is pleased to announce additional 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
Vice President of Exploration, Christina Anstey, stated, "It’s great to see these high-grade gold intercepts within the broad domain of gold mineralization at the Trapper Gold Target. The main Trapper drill target represents a 600m wide zone within a broader 4km gold on surface geochemical anomaly. The gold mineralization horizon identified with drilling correlates well with the magnetic vertical gradient response and this, in combination with the surface geochemical anomalies, provides many future drill targets to potentially expand the footprint at Trapper. We are looking forward to the next batch of assays from the 2024 drill program at the Trapper Gold Target.”
Figure 1. Gold Geochemistry and Trapper Target Location Map.
Table 1. Select Mineralized Intervals for the Trapper Target Drilling.
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 331.60m 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. Additional assays from the 2024 drill campaign will be released as they become available.
Figure 2. Planview Map with Collar Locations and Gold Drill Traces at the Trapper Target.
THN24-304 was drilled at an azimuth of 000 degrees and dip of -45 degrees to a final depth of 291m. Hole 304 was planned as a 65m southwest step out hole to test gold grade continuity to the southwest of the main target location. Hole 304 successfully intercepted broad intervals of gold bearing mineralization which included several high-grade vein intercepts assaying 227.50m of 0.50 g/t Au starting at 40.00m depth, including 82.00m of 1.27 g/t Au, including 27.00m of 3.49 g/t Au, including 8.00m of 11.37g/t Au and including 2.00m of 44.43 g/t Au.
THN24-305 was drilled from the same pad location as hole 304 to test the continuation of the veins targeted in hole THN24-304. Unfortunately, the drill rods became stuck at 40.60 meters and the hole had to be abandoned. No significant results were intercepted.
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 CVG features (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. High Grade Gold Photograph of THN24-304.
Drilling Information
Table 2. Drill Collar and Hole Information of Current News Release.
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.
Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce further high-grade silver results from its fallwinter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. This news release includes holes LM-21-214 to LM-21-219 and is a total of 1036.3m of NQ size core from the Shaft 6 area at the Langis Project.
Highlights
Chairman and CEO of Brixton, Gary R. Thompson stated, "These recent assay results from hole 219 are some of the most significant silver-cobalt mineralization drilled to date at the Langis Project. We have several more batches of assays yet to come in from the winter program, which totaled 18,583.35m. Once we digest all of the new drilling information, we will plan the next steps for the project."
Click link for Figure 1. Location Maps of the Shaft 6 Area Drilling, Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-1_24March2021.jpg
Table 1. Drilling Highlights from Holes LM-21-214 to LM-21-219.
| Hole ID | From (m) | To (m) | Interval (m) | Ag (g/t) | Co (%) | Ag (g/t * m) |
| LM-21-214 | 118.10 | 126.10 | 8.00 | 370.82 | 0.02 | 2966.60 |
| including | 120.10 | 121.10 | 1.00 | 1345.00 | 0.04 | 1345.00 |
| LM-21-217 | 119.60 | 121.60 | 2.00 | 158.05 | - | 316.10 |
| LM-21-218 | 121.80 | 122.80 | 1.00 | 274.00 | - | 274.00 |
| LM-21-218 | 134.80 | 139.80 | 5.00 | 65.50 | 0.18 | 327.50 |
| including | 137.80 | 138.80 | 1.00 | 146.00 | 0.84 | 146.00 |
| LM-21-218 | 177.80 | 178.80 | 1.00 | 164.00 | 0.01 | 164.00 |
| LM-21-219 | 117.80 | 148.80 | 31.00 | 272.16 | 0.05 | 8436.90 |
| including | 135.80 | 139.80 | 4.00 | 1186.00 | 0.28 | 4744.00 |
| including | 137.80 | 138.80 | 1.00 | 2160.00 | 0.84 | 2160.00 |
| including | 135.80 | 143.80 | 8.00 | 859.66 | 0.17 | 6877.30 |
| including | 141.80 | 142.80 | 1.00 | 1490.00 | 0.18 | 1490.00 |
Intervals represent drilled lengths, as the true widths of the mineralization have not been determined at this time.
Click here for Figure 2. Long-section Shaft 3 to Shaft 6 Area, Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-2_24March2021.jpg
Click here for Figure 3. Shaft 6 Drilling Area Cross-section, Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-3_24March2021.jpg
Click here for Figure 4. Core Photographs of Silver-Cobalt Mineralization from Holes 218 and 219:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-4_24March2021.jpg
Click here for Figure 5. Drilling Cross-section East Shaft 3 Area:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-5_24March2021.jpg
Quality Assurance & Quality Control
Diamond drill holes were drilled with NQ size core. Samples were collected using 1m average sample length. Three quality control samples (one blank, one standard and one duplicate) were inserted into each batch of 20 samples. The drill core was cut in half and put in batches, sealed and shipped by the Company geologists to ALS Minerals preparation lab in Sudbury, Ontario. 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. All 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 AES finish. A copy of the QAQC protocols can be viewed at the Company's website.
About the Langis Mine Project
Brixton's wholly owned Langis Mine Project is a past producing mine located 500km north from Toronto, Ontario, Canada just north from the northern end of Lake Temiskaming with excellent infrastructure. The silver mineralization occurs as native silver and within steeply-moderately and in some cases shallow dipping veins, veinlets and as disseminations, rosettes and fracture infill and can be associated with calcite, hematite, pyrite, cobaltite, chalcopyrite, niccolite and gold. Mineralization is hosted within any of the three main rock types: Archean volcanics and metasediments, Coleman Member sediments and Nipissing diabase. The Langis Mine produced 10.6Moz of silver at 25 opt Ag and 358,340 pounds of cobalt. Historically, the combined mines in the Cobalt Camp produced over 550 million ounces of silver with 30-50 million pounds of cobalt as a by-product.
Mr. Antonio Celis, P.Geo., who is a qualified person as defined by National Instrument 43-101, reviewed and approved the information in this press release.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its mining projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver Project, the Atlin Goldfields Projects located in NWBC, the Langis-HudBay silver-cobalt Project in Ontario and the Hog Heaven silver-gold-copper Project in NW Montana, USA now under JV with HPX. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations, please contact:
Mitchell Smith, VP Investor Relations
Tel: 604-630-9707 or email: mitchell.smith@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, 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.
Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/8378b589-8100-4ef0-8295-46cc82767543
https://www.globenewswire.com/NewsRoom/AttachmentNg/ed43bee5-152c-4ce7-9b77-25a3e2137f84
https://www.globenewswire.com/NewsRoom/AttachmentNg/49efe481-1454-4541-8111-5de226fee565
https://www.globenewswire.com/NewsRoom/AttachmentNg/38a461c2-f5a4-4d36-b8e1-4e42a8668ca0
https://www.globenewswire.com/NewsRoom/AttachmentNg/7dc8413c-7031-4ebc-8c22-99ee87f870aa
News Provided by GlobeNewswire via QuoteMedia
Brixton Metals Corporation (" Brixton " or the " Company ") (TSXV: BBB) (OTCQB: BBBXF) announces the grant of incentive stock options to its directors, officers, employees and consultants for an aggregate amount of 3,500,000 (the " Options "). These Options are exercisable at $0.255 per share for a period of 10 years and are subject to provisions of the Company's stock option plan as approved by its shareholders and the Annual General Meeting.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields Projects located in NWBC with a combined total of 3600sqkm of mineral tenure, the past producing Langis-HudBay silver-cobalt brownfield projects in Ontario and the past producing advanced stage Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB and in the USA OTCQB market 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, P.Geo., Chairman and CEO
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations please contact Mitchell Smith, VP of Investor Relations
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com
News Provided by GlobeNewswire via QuoteMedia
Brixton Metals Corporation (TSXV: BBB) (the " Company " or " Brixton ") is pleased to announce further high-grade drill results from its fallwinter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. The fallwinter program consists of 20,000m of drilling, of which 11,533.65m has been completed. Assay results for 4,881.05m has been released previously. This press release includes assays from 14 holes totaling 1,583.2m of NQ size core from shallow drilling.
Highlights
Chairman and CEO of Brixton, Gary R. Thompson stated, "Brixton's Langis Project continues to deliver, near-surface, high-grade silver and cobalt results over intervals of considerable width, demonstrating this project's potential. Drilling will be ongoing over the next few months to complete the planned 20,000m drill program as we continue to advance the Langis Project toward a maiden resource."
Click here for Figure 1. Location Maps of the Shaft 3 Drilling Area Langis Project, February 1, 2021:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-1_1Feb2021.jpg
Table 1. Langis Winter Drilling Highlights Near Shaft 3.
| Hole ID | From (m) | To (m) | Interval (m) | Ag (g/t) | Co (%) | Ag (g/t * m) |
| LM-20-122 | 117.60 | 119.50 | 1.90 | 1,596.60 | 0.03 | 3,033.54 |
| including | 118.60 | 119.50 | 0.90 | 3,180.00 | 0.05 | 2,862.00 |
| LM-20-123 | 94.80 | 101.60 | 6.80 | 20.41 | 138.82 | |
| LM-20-123 | 104.60 | 112.80 | 8.20 | 25.16 | 206.33 | |
| LM-20-128 | 8.00 | 11.00 | 3.00 | 422.33 | 0.05 | 1,267.00 |
| including | 9.00 | 10.00 | 1.00 | 1,115.00 | 0.16 | 1,115.00 |
| LM-20-129 | 8.60 | 11.60 | 3.00 | 280.97 | 842.90 | |
| LM-20-130 | 9.60 | 11.60 | 2.00 | 275.00 | 0.04 | 550.00 |
| LM-20-131 | 8.90 | 15.90 | 7.00 | 962.31 | 0.03 | 6,736.20 |
| including | 10.90 | 11.90 | 1.00 | 2,190.00 | 2,190.00 | |
| including | 12.90 | 13.90 | 1.00 | 3,050.00 | 0.17 | 3,050.00 |
| LM-20-131 | 29.90 | 32.90 | 3.00 | 94.70 | 284.10 | |
| LM-20-132 | 17.00 | 19.00 | 2.00 | 62.25 | 124.50 | |
| LM-20-132 | 26.00 | 36.00 | 10.00 | 70.86 | 0.02 | 708.60 |
| including | 30.00 | 31.00 | 1.00 | 272.00 | 0.03 | 272.00 |
| including | 34.00 | 35.00 | 1.00 | 143.00 | 143.00 | |
| LM-20-133 | 16.60 | 18.60 | 2.00 | 5,847.30 | 0.36 | 11,694.60 |
| including | 17.40 | 18.60 | 1.20 | 11,663.50 | 0.71 | 13,996.20 |
| LM-20-133 | 23.60 | 32.60 | 9.00 | 272.20 | 0.03 | 2,449.80 |
| including | 29.60 | 30.60 | 1.00 | 495.00 | 0.01 | 495.00 |
| including | 30.60 | 31.60 | 1.00 | 1,500.00 | 0.26 | 1,500.00 |
| including | 31.60 | 32.60 | 1.00 | 271.00 | 271.00 | |
| LM-20-134 | 23.40 | 30.40 | 7.00 | 107.71 | 0.06 | 754.00 |
| including | 24.40 | 25.40 | 1.00 | 522.00 | 0.36 | 522.00 |
| LM-20-135 | 4.00 | 6.00 | 2.00 | 425.65 | 0.01 | 851.30 |
Intervals represent drilled lengths and the true widths of the silver and cobalt mineralization have not been determined at this time.
Click here for Figure 2. Cross Section Drilling In This Release Near Shaft 3 Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-2_1Feb2021.jpg
Click here for Figure 3. All Drilling with Assays Results Around Shaft 3 Area Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-3_1Feb2021.jpg
Click here for Figure 4. Core photographs of Native Silver from Shaft 3 Area Drilling Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-4_1Feb2021.jpg
Quality Assurance & Quality Control
Diamond drill holes were drilled with NQ size core. Samples were collected using 1m average sample length. Three quality control samples (one blank, one certified reference standard and one duplicate) were inserted into each batch of 20 samples. The drill core was cut in half and put in batches, sealed and shipped by the Company geologists to ALS Minerals preparation lab in Sudbury, Ontario. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. All 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 AES finish. A copy of the QAQC protocols can be viewed at the Company's website.
About the Langis Mine Project
Brixton's wholly owned Langis Mine Project is a past producing mine with excellent infrastructure, located 500km north from Toronto, Ontario, Canada just north from the northern end of Lake Temiskaming. The silver mineralization occurs as native silver and within steeply-moderately and in some cases shallow dipping veins, veinlets and as disseminations, rosettes and fracture infill and can be associated with calcite, hematite, pyrite, cobaltite, chalcopyrite, niccolite and gold. Mineralization is hosted within any of the three main rock types: Archean volcanics and metasediments, Coleman Member sediments and Nipissing diabase. The Langis Mine produced 10.6Moz of silver at 787 g/t Ag and 358,340 pounds of cobalt. Historically, the combined mines in the Cobalt Camp produced over 550 million ounces of silver with 30-50 million pounds of cobalt as a by-product.
Mr. Antonio Celis, P.Geo., who is a qualified person as defined by National Instrument 43-101, reviewed and approved the information in this press release.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its mining projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver Project, the Atlin Goldfields Projects located in NWBC, the Langis-HudBay silver-cobalt Project in Ontario and the Hog Heaven silver-gold-copper Project in NW Montana, USA. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations, please contact:
Mitchell Smith, VP Investor Relations
Tel: 604-630-9707 or email: mitchell.smith@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, 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.
Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/36182731-86d4-4be0-a71a-b3b5d4468ec9
https://www.globenewswire.com/NewsRoom/AttachmentNg/0dbc79ac-7cb9-4251-a3e7-1a0912ec5e75
https://www.globenewswire.com/NewsRoom/AttachmentNg/8554aaae-5523-41c9-984e-83a7b19a1910
https://www.globenewswire.com/NewsRoom/AttachmentNg/77b609ee-235c-4552-a2ca-7f11ecd3bd2c
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Brixton Metals Corporation (the " Company ") (TSXV: BBB) (OTCQB: BBBXF) is pleased to provide the last batch of 2020 drilling results at its wholly owned Thorn Project, located in the Golden Triangle of Northwestern British Columbia.
Highlights:
Chairman and CEO of Brixton Metals, Gary R. Thompson stated, "We believe that hole 181 is confirmation of a new porphyry discovery at the Camp Creek Target. It's evident from both this hole and the completed IP that most of the previous drilling was not deep enough to effectively test this porphyry target. With our 2021 exploration program at Thorn, we plan on drilling additional deep holes with the goal of locating the center of a potentially very large Cu-Au-Ag-Mo porphyry."
Table 1. 2020 Drill Results from Camp Creek
| Hole | From (m) | To (m) | Interval (m) | Cu (ppm) | Au (g/t) | Ag (g/t) | Mo (ppm) | CuEq (%) |
| THN20-180 | 349.00 | 576.79 | 227.79 | 712.85 | 0.05 | 0.96 | 50.40 | 0.15 |
| Including | 555.00 | 576.79 | 21.79 | 1059.75 | 0.07 | 1.06 | 89.73 | 0.22 |
| THN20-181 | 518.00 | 957.42 | 439.42 | 1889.60 | 0.07 | 2.41 | 139.83 | 0.34 |
| Including | 679.00 | 957.42 | 278.42 | 2347.42 | 0.09 | 2.57 | 195.83 | 0.43 |
| Including | 852.00 | 957.42 | 105.42 | 3201.80 | 0.11 | 3.75 | 335.41 | 0.60 |
| Including | 951.20 | 957.42 | 6.22 | 7745.34 | 0.21 | 7.62 | 2934.77 | 2.27 |
| THN20-182 | 387.00 | 861.00 | 474.00 | 1060.84 | 0.05 | 0.93 | 72.67 | 0.19 |
| Including | 530.98 | 642.00 | 111.02 | 1382.82 | 0.07 | 1.31 | 105.00 | 0.26 |
| Including | 570.00 | 590.00 | 20.00 | 2535.95 | 0.12 | 2.09 | 113.47 | 0.44 |
Copper Equivalent (CuEq_ppm) = [(($Cu/g * Cu ppm) + ($Au/g * Au ppm) + ($Ag/g * Ag ppm) + ($Mo/g * Mo ppm))] / $Cu/g
Using the following metal prices (average daily prices during last 12 months) of Cu US$2.70/lb, Au $1759/oz, Ag $19.60/oz, Mo $11.20/lb.
The three deep Camp Creek holes drilled in 2020 display fairly consistent downhole patterns of mineralization and alteration (please refer to strip log THN20-181 in Figure 3). In the upper sections of the holes (to depths of approximately 300-400 metres), mineralized intervals are thin, reflecting polymetallic veins that are typically rich in pyrite, commonly with galena and sphalerite and the copper-bearing sulphosalt minerals tetrahedrite/tennantite. Only minor quartz veins are present, and chalcopyrite and molybdenite are largely absent. Sericitic alteration dominates the upper parts of the holes, with potassic (biotitic and K-feldspathic) assemblages gradually increasing downhole. Below about 300-400 metres depths, the holes are more consistently mineralized with copper, gold, silver, and molybdenum. The dominant copper mineral is chalcopyrite, not tetrahedrite/tennantite. Quartz veins are ubiquitous; potassic and locally silicic alteration predominate at depth. The overall patterns observed in the Camp Creek holes are consistent with those in a number of porphyry deposit s worldwide that are exposed at a level above a "blind" copper-(gold-molybdenum) ore zones. The well mineralized 6.22m interval of 2.27 CuEq at the bottom of hole THN20-181 is dominated by pyrite and chalcopyrite hosted in a hydrothermal breccia, please see Figure 7 below at 953.11m depth.
Please see video link of Camp Creek drilling and IP Chargeability 3-D model: https://youtu.be/qVAsi7ha7Jg
Click here for Figure 1. Camp Creek Plan Map 2020 Collars and others, Thorn Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-1_Jan18-2021.jpg
Click here for Figure 2. Camp Creek Long-Section - CuEq Drill Trace Histogram on Contoured CuEq Background:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-2_18Jan2021.jpg
Click here for Figure 3. Hole THN20-181 Strip Log: Lithology, Porphyry Index, CuEq %, Cu, Au, Ag, Mo:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-3_18Jan2021.jpg
The Mineral Deposits Research Unit (MDRU) Porphyry Index or MPIx is a porphyry geochemical vector index developed by the MDRU at the University of British Columbia. It ratios elements proximal to known porphyry deposits versus more distal elements. The equation is MPIx = [Cu/10 +Mo+(10*W)=(20*Sn)] / [(5*Sb)+(20*Tl)+Ag+AS+Li] (after Bouzari et al., 2019).
Click here for Figure 4. Camp Creek Section Looking North All Drilling Holes:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-4_18Jan2021.jpg
A total of six IP geophysical survey lines were completed between 2020 and 2019. The survey lines were approximately 3km long and 300m apart and cut across Camp Creek. A high chargeability anomaly was identified to about 600-700m depth (maximum range of survey only) across most of the survey area of 25-38 mV and remains open in several directions, see video link above and IP and drilling section in Figure 5 below.
Click here for Figure 5. Camp Creek Drill Hole and IP Chargeability:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-5_18Jan2021.jpg
Click here for Figure 6. Hole THN20-181 Core of Reference Photographs 674-833m:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-6_18Jan2021.jpg
Click here for Figure 7. Hole THN20-181 Core of Reference Photographs 853-953m:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-7_18Jan2021.jpg
Quality Assurance & Quality Control
Quality assurance and quality control protocols for drill core sampling was developed by Brixton Metals Corporation. An independent quality assurance and quality control review for Au, Ag, Cu, Pb, Zn and Mo was completed by Caroline Vallat, P.Geo., Geospark Consulting Inc.,(author) which returned overall strong accuracy and precision of the analytical results. The gold, silver, copper, lead, zinc, and molybdenum duplicate pair assay results are well correlated, and it is the author's opinion that strong precision is inferred within the reported analytical results. 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, bagged, zip-tied and sent directly to ALS Minerals preparation facility in Whitehorse, YT. 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 over limits for Ag, Pb, Cu and Zn and 48 additional elements were analyzed using four acid digestion with an ICP-MS finish. Standard instances analyzed with the 2020 Thorn samples have been reviewed and the independent author's opinion is that there is inferred strong accuracy within the primary gold, silver, copper, lead, zinc, and molybdenum assays. The 2020 Thorn project analytical results have been determined to be high quality and have passed this QAQC review.
The certified reference materials (standards) 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 river/landscaping rock. Duplicates amounted to 68 sample pairs allowing for independent review of the sample assay precision. Seventy-three blanks inserted within the sample batches allowed for cleaning of the instrumentation and independent review of low assay grade accuracy, whereas 71 standards inserted allowed for independent review of the local assay accuracy. Secondary lab check sampling will also take place in order to monitor for any bias in the analytical results. A copy of the QAQC protocols can be viewed at the Company's website.
Mr. Antonio Celis, M.Sc., P.Geo . , who is a qualified person as defined by National Instrument 43-101, has reviewed and approved the information in this press release.
Corporate Update
Mrs. Christina Anstey has been appointed Vice President of Exploration for the Company. Mrs. Anstey has a B.Sc degree in Geology from Memorial University of Newfoundland and over 9 years of experience in exploration. Prior to joining Brixton, she held the title of Senior Project Geologist managing the Bowser Regional Exploration Program for Pretivm Resources, an intermediate gold producer located in the Golden Triangle of British Columbia. During her time at Pretivm, Mrs. Anstey was responsible for planning and executing up to $10-million-dollar drilling, prospecting and mapping programs, which lead to several early stage discoveries of epithermal and porphyry targets.
Christina Anstey commented "I am extremely excited to be joining the dedicated management team at Brixton Metals and look forward to contributing to the advancement of multiple highly prospective Gold-Copper-Silver Targets that the Company has assembled over the years. "
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects: the Thorn copper-gold-silver and the Atlin Goldfields projects located in NWBC, the Langis-HudBay silver-cobalt projects in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB and in the USA OTCQB market 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
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations please contact Mitchell Smith, VP of Investor Relations
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com
Cautionary Note
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. 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 statement.
Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/da256d5d-429f-4c3b-855a-74cc4f955ee4
https://www.globenewswire.com/NewsRoom/AttachmentNg/6bb5b7ac-8195-47af-b97d-1a104033565b
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https://www.globenewswire.com/NewsRoom/AttachmentNg/c731bbd0-e05f-4110-a15b-8ddd0912389a
https://www.globenewswire.com/NewsRoom/AttachmentNg/7987e58f-5d16-4cd2-a8e6-4c4b56d0038e
https://www.globenewswire.com/NewsRoom/AttachmentNg/2b29dddb-6374-44a0-8f04-ca6e800dea81
News Provided by GlobeNewswire via QuoteMedia
Brixton Metals Corporation (TSXV: BBB) (the " Company " or " Brixton ") is pleased to announce the second round of drill results from its fallwinter exploration program at the Langis Mine Project located in the Cobalt Camp of Ontario. The assays for this round are from 14 holes totaling 1673.85m of NQ size core. Drill holes follow a fan-type array with depths ranging from 55m to 176m across the Shaft 3 trend.
Highlights
Chairman and CEO of Brixton, Gary R. Thompson stated, "We continue to be pleased with the results from our on-going 20,000m drill program at Langis. Drilling continues to generate high-grade near-surface results that support the potential maiden resource."
Click here for Figure 1. Location of the Shaft 3 Drilling Area:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-1_8Jan2021.jpg
Table 1. Langis Fall 2020 Drilling Highlights near Shaft 3.
| Hole ID | From (m) | To (m) | Interval (m) | Ag (g/t) | Co (%) | Cu (%) | Ag (g/t * m) |
| LM-20-108 | 8.10 | 12.10 | 4.00 | 85.35 | 341.40 | ||
| including | 9.10 | 11.10 | 2.00 | 157.00 | 314.00 | ||
| LM-20-109 | 8.20 | 12.20 | 4.00 | 68.90 | 275.60 | ||
| including | 8.20 | 9.20 | 1.00 | 17.80 | 0.16 | 17.80 | |
| including | 10.20 | 11.20 | 1.00 | 154.00 | 154.00 | ||
| LM-20-110 | 3.60 | 7.60 | 4.00 | 196.60 | 786.40 | ||
| including | 4.60 | 5.60 | 1.00 | 661.00 | 661.00 | ||
| LM-20-110 | 15.60 | 18.60 | 3.00 | 25.67 | 77.00 | ||
| including | 16.60 | 17.60 | 1.00 | 34.40 | 0.14 | 34.40 | |
| LM-20-111 | 0.00 | 3.00 | 3.00 | 28.53 | 85.60 | ||
| including | 0.00 | 1.00 | 1.00 | 47.10 | 0.11 | 47.10 | |
| LM-20-111 | 5.00 | 8.00 | 3.00 | 97.47 | 292.40 | ||
| including | 6.00 | 7.00 | 1.00 | 213.00 | 0.07 | 213.00 | |
| LM-20-111 | 18.00 | 22.00 | 4.00 | 370.28 | 1481.10 | ||
| including | 19.00 | 20.00 | 1.00 | 326.00 | 0.38 | 326.00 | |
| including | 20.00 | 21.00 | 1.00 | 1080.00 | 1080.00 | ||
| LM-20-111 | 113.00 | 114.00 | 1.00 | 27.60 | 0.03 | 7.00 | 27.60 |
| including | 113.00 | 113.50 | 0.50 | 39.60 | 0.05 | 10.85 | 19.80 |
| LM-20-112 | 0.00 | 2.20 | 2.20 | 70.75 | 155.65 | ||
| including | 1.20 | 2.20 | 1.00 | 42.50 | 0.61 | 42.50 | |
| LM-20-112 | 6.20 | 8.20 | 2.00 | 92.90 | 185.80 | ||
| LM-20-113 | 0.00 | 1.80 | 1.80 | 27.20 | 48.96 | ||
| including | 0.00 | 0.80 | 0.80 | 29.00 | 0.68 | 23.20 | |
| LM-20-113 | 3.80 | 7.80 | 4.00 | 366.08 | 1464.30 | ||
| including | 4.80 | 5.80 | 1.00 | 423.00 | 423.00 | ||
| including | 5.80 | 6.80 | 1.00 | 1015.00 | 0.35 | 1015.00 | |
| LM-20-113 | 16.80 | 19.80 | 3.00 | 33.67 | 101.00 | ||
| LM-20-119 | 0.00 | 1.80 | 1.80 | 109.80 | 197.64 |
Intervals represent drilled lengths and the true widths of the silver and cobalt mineralization have not been determined at this time. Results are weighted average grades.
Click here for Figure 2. Pseudo-Cross Section All Drilling near Shaft # 3 with Silver Results:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-2_8jan2021.jpg
Click here for Figure 3. Hole LM-20-113 from 5.9m, Native Silver and Cobaltite in Quartz-Carbonate Veins:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-3_8Jan2021.png
Click here for Figure 4. Hole LM-20-111 at 113.0m to 113.5m, Massive Chalcopyrite, Pyrite, and Pyrrhotite Hosted within Conglomerate, returned 10.85% Cu, 39.6 g/t Ag, 0.05% Co over 0.5m:
https://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-4_8Jan2021.png
Quality Assurance & Quality Control
Diamond drill holes were drilled to depth NQ size. Samples were collected using 1m average sample length. Three quality control samples (one blank, one standard and one duplicate) were inserted into each batch of 20 samples. The drill core was sawed, with half of the core batched, sealed and shipped by the Company geologists to ALS Minerals preparation lab in Sudbury, Ontario. 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. All 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 AES finish. A copy of the QAQC protocols can be viewed at the Company's website.
About the Langis Mine Project
Brixton's wholly owned Langis Mine Project is a past producing mine located 500km north from Toronto, Ontario, Canada with excellent infrastructure. The silver mineralization occurs as native silver and within steeply-moderately and in some cases shallow dipping veins, veinlets and as disseminations, rosettes and fracture infill and can be associated with calcite, hematite, pyrite, cobaltite, chalcopyrite, niccolite and gold. Mineralization is hosted within any of the three main rock types: Archean volcanics and metasediments, Coleman Member sediments and Nipissing diabase. The Langis Mine produced 10.6Moz of silver at 787 g/t Ag and 358,340 pounds of cobalt. Historically, the combined mines in the Cobalt Camp produced over 550 million ounces of silver with 30-50 million pounds of cobalt as a by-product.
Mr. Antonio Celis, P.Geo., who is a qualified person as defined by National Instrument 43-101, reviewed and approved the information in this press release.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its mining projects toward feasibility. Brixton wholly owns four exploration projects: the Thorn copper-gold-silver Project, the Atlin Goldfields Projects located in NWBC, the Langis-HudBay silver-cobalt Project in Ontario and the Hog Heaven silver-gold-copper Project in NW Montana, USA. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations, please contact:
Mitchell Smith, VP Investor Relations
Tel: 604-630-9707 or email: mitchell.smith@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, 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.
Photo accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/85d9c74d-9c6d-4784-86f2-f0868279e7b0
https://www.globenewswire.com/NewsRoom/AttachmentNg/69f5e00b-abe0-461f-968d-84829e2d63e4
https://www.globenewswire.com/NewsRoom/AttachmentNg/895b2708-0ea2-4e9b-a09f-b95f855138fa
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News Provided by GlobeNewswire via QuoteMedia
Key Points
Remorse Target
High-grade iron
In addition to the lab results for the first drillhole previously reported 1, the Company is pleased to announce the completion of drilling and that follow-up results in subsequent drillholes confirm the presence of high-grade iron at the Remorse Target. New results include:
WARDH00180 16m @ 32.6% Fe from 93m (pXRF)
WARDH00169 20m @ 32.3% Fe from 120m (pXRF)
and 11m @ 30.8% Fe from 182m (pXRF)
WARDH00166 7m @ 32.8% Fe from 96m (Lab)
WARDH00171 8m @ 30.1% Fe from 130m (pXRF)
* Portable XRF (pxrf) results are not comparable in reliability to authorised laboratory results and should be not relied on for quantitative purposes outside indicative demonstrations of potential order of magnitude of enrichments.
Background
TEM has completed the first phase of RC drilling at the Remorse Target of its flagship Yalgoo Project. In total, 21 RC holes were drilled for 4,005m. Samples have been Boxscanned (pXRF) and submitted to the lab and final assay results are expected in December 2024.
The previously reported iron intercept from the first hole drilled at Remorse was WARDH00160 of 32m @ 30.0% Fe from 96m (including 7m @ 37% Fe) (Lab).
The Remorse Target is part of Tempest's broader Yalgoo Project which spans over 1,000 square kilometres of prospective terrain for base metals, precious metals and iron ore.
Figure 01: Section through iron mineralisation WARDH00180
Figure 02: Section through iron mineralisation WARDH00169 and WARDH00163-165.
All samples collected have been analysed using a Boxscan unit which includes a mounted portable X-ray fluorescence (pXRF). Although not as accurate as laboratory analysis, pXRF data when collected in a quality and consistent manner can also exhibit high accuracy and precision. The pXRF data has been compared with assays received to date (>800 samples) and has an average variance of -4.2% and a median of -4.3%. The results indicate the accuracy is considered acceptable for current exploration reporting purposes (and potentially an overall slight underestimation by pXRF).
Remaining assay results are due in December and are expected to correlate strongly with the pxrf results announced.
As previously advised, the drill program design was focused on the strong base metal geochemical anomaly exhibited at the Remorse Target 2. The planned holes were focused strongly on testing the 'hanging wall' stratigraphy at Remorse and were not initially focused on the newly identified iron layer. However, the program did result in the 4 most northerly drill holes intercepting the main magnetite layer and numerous holes intercepting adjacent magnetite-rich layers.
The widely spaced drilling shows continuity and consistency over more than 2 kilometres and identical iron-rich stratigraphy outcrops can be traced over an extensive 5-kilometre zone correlating with the original Remorse Target footprint.
Click here for the full ASX Release
This article includes content from Tempest Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
With multiple significant lithium discoveries under its belt and a proven exploration strategy that yields results, Brunswick Exploration makes a compelling investment proposition in the ever- expanding lithium space.
Brunswick Exploration (TSXV:BRW,OTCQB:BRWXF,1XQ:FF) is among the only public companies aggressively and systematically conducting grassroots exploration for lithium in Canada and Greenland using state-of-the-art exploration technology to identify high-potential targets. Specifically, the company has staked major under-explored pegmatite fields across Quebec, Newfoundland and Labrador, Nova Scotia, New Brunswick, Ontario, Manitoba, Saskatchewan and Greenland.
Brunswick Exploration’s team of geologists begins by compiling available data and conducting research to identify locations where they believe the potential for minerals of interest might be
found. The technical field team is dispatched to conduct a prospecting program by gathering robust observational data using tried-and-true field geology techniques. The goal of the program is to reveal the presence of mineralization that may predict the presence of an unknown mineral deposit.
The company's exploration team is guided by its executive chairman Robert Wares, who co- founded the original Osisko Mining and was responsible for discovering the Canadian Malartic bulk tonnage gold mine. That mine was subsequently developed by Osisko into one of Canada's largest gold producers. Wares is an established and award-winning professional geologist with over 40 years of experience in mineral exploration and development.
Brunswick Exploration has identified five high-priority projects in the Eeyou Istchee-James Bay region of Quebec: Mirage, Elrond, Anatacau, PLEX and Mythril. In 2023, grassroots lithium discoveries were made at Mirage, Elrond and Anatacau, which are currently the focus of drilling.
In 2024, Brunswick Exploration successfully discovered Greenland’s first lithium-bearing spodumene pegmatitewithin the Ivisaartoq pegmatite field covered by the company’s Nuuk license. The Ivisaartoq pegmatite field is Mesoarchean in age and contains amphibolites, metasediments, ultramafics, gneiss, gabbros, granites and pegmatites. Following this discovery, the company is now seeking to expand its licence in the the Nuuk area, and has acquired new landholding in new regions in Western Greenland.
The Mirage project comprises 427 claims with a total surface area of 21,230 hectares (staked and optioned claims), located roughly 40 kilometers south of the Trans-Taiga Highway in Quebec’s James Bay region. Fruitful discussions with a geologist that worked the area twenty- five years ago for gold exploration led to the staking of the BRW claims, as he recorded the presence of several angular pegmatitic glacial boulders hosting well-defined, decimetric spodumene crystals. The largest observed boulder measured 8 meters by 4 meters by 3 meters. In the fall of 2023, BRW discovered several high grade spodumene outcrops over a 2.5 kilometer trend as well as an adjacent 3.0 kilometer spodumene boulder train that has different mineralogy than the discovered outcrops.
In 2023, BRW completed a 5,000-meter drill program at the Mirage project. Phase 1 of the 26- hole program, aimed to test the continuity and widths of the six widest spodumene-bearing pegmatite dykes that have been discovered to date on the property over a total cumulative strike length of 2,500 meters. Final drill results from the 2023 program at the Mirage project have outlined two new spodumene mineralized dykes (MR-5 and MR-6) with significant thickness and grade, all within the Central Zone. MR-23-28 intersected high-grade mineralization of 1.80 percent Li2O over 37.2 meters starting from surface in newly discovered dyke MR-6 located 500 metres northeast of MR-3. Evidence of potential stacking of dykes in Central Zone where MR-23-35 intercepted 11.5 meters grading 1.1 percent Li2O approximately 100 meters south of MR-3 in new dyke MR-5.
In H1 2024, a Phase II drilling campaign, containing 35 holes was completed at the Mirage project by targeting the extensions of known pegmatite dykes (MR-1 to MR-6) while new prospective outcrops have yet to be drill-tested. Results have generated up to 58.10 meters of 1.59 percent Li2O.
In 2024, Brunswick Exploration signed an agreement with Sirios Resources to repurchase an existing 0.5 percent NSR on certain claims within the Mirage project.
The Elrond Project comprises 136 claims with a total area of 7,048 hectares, located roughly 12 kilometers east of the Billy Diamond Highway in Quebec’s James Bay region. Elrond is part of the Mythril option agreement with Midland Exploration whereby BRW can earn a maximum of 85 percent interest in the project.
In the fall of 2023, BRW uncovered a new, undocumented spodumene-bearing pegmatite, known as the Arwen showing, that is exposed over a surface area measuring approximately 250 meters by 100 meters, dipping very shallowly to the north. The pegmatite remains open in all directions.
The Arwen outcrop is well mineralized in spodumene throughout the showing with an apparent higher-grade zone, containing up to 30 percent spodumene, which has a visible extent of approximately 75 by 15 meters. The spodumene crystals are well formed and up to 30 centimeters in length with an off-white color and were confirmed through LIBS analysis and UV light.
In early 2024, the company completed a maiden drilling campaign at the Elrond project to test the Arwen spodumene-bearing pegmatite. The Arwen pegmatite is well mineralized and three representative grab samples returned values between 1 and 3 percent Li2O. A high-resolution airborne magnetic survey was flown in the fall of 2023 and suggests that the Arwen showing is emplaced in a favorable structural corridor that is 4 kilometers long and 500 meters wide. The target area is proximal to infrastructure, located approximately 12 kilometers from the Billy- Diamond Highway and drilling activities will be ground supported via a winter road.
Comprising the Anatacau Main and Anatacau West projects, these assets are under an option agreement with Osisko GP, a subsidiary of Osisko Development, under which Brunswick Exploration can earn a 90 percent interest in the projects. The Anatacau property is located just east of Arcadium’s (NYSE:ALTM) James Bay Lithium deposit (previously known as the Cyr deposit), which has a total mineral resource of 110.2 million tons (Mt) at 1.30 percent lithium oxide and a total ore reserve of 37.3 Mt at 1.27 percent lithium oxide.
BRW completed a maiden drill program at the Anatacau West property totalling 3,712 meters. 17 of the 18 drilled holes intersected spodumene mineralization that generated up to 26.5 metres at 1.51 percent Li2O.
In the summer of 2023, Brunswick discovered a significant lithium pegmatite outcrop, measuring at least 100 meters long by 15 meters wide known as the Anais showing in Anatacau Main. The outcrop is within a larger cluster of pegmatite dykes all of which contain high-grade lithium mineralization.
This discovery is located 22 kilometers east of Anatacau West and Arcadium’s James Bay project along a large-scale E-W deformation corridor which is host to the known lithium-bearing pegmatite dykes in the region.
BRW reported multiple high spodumene grain countson the Anatacau West property during a till sampling campaign undertaken in the summer of 2024. These highly encouraging results (up to 1,225 spodumene grains in a single sample) further reinforce lithium potential in the bedrock and delineate a new, highly prospective unexplored area at the Anatacau West property beyond the previously drilled pegmatites.
Since its confirmation of Greenland’s lithium potential, Brunswick Exploration has a renewed focus on further strengthening its targets in Greenland. The company now controls one of the most significant grassroots exploration portfolios in the country and is the only company actively exploring for lithium in Greenland, according to president and CEO Killian Charles.
The Nuuk holdings host the new Ivisaartoq discovery within the Ivisaartoq belt. The company has applied to stake the adjacent Ujarassuit amphibolite belt that is up to 1 km in width and roughly 40 km in strike length. The company has also staked additional amphibolite belts within the Fiskefjord Complex, 95 kilometers north of Nuuk, and 75 kilometers southeast of the community of Maniitsoq. These belts are up to 4.5 km in width and 20 km in strike length. In total, the new claims contain hundreds of mapped and interpreted pegmatite outcrops including six that are between 500 and 2,000 meters in strike length for a total license expansion area of 33,138 hectares.
The Disko Bay licenses are located roughly 30 to 80 km from the coastal city of Ilulissat, which is the third largest city in Greenland. The licenses are near multiple seaports and container terminals, including Ilulissat. The area is situated within the Aasiaat domain, part of the Paleoproterozoic Nagssugtoqidian Orogen, sandwiched to the south by the Archean North Atlantic Craton and to the north by the Archean Rae Craton. The Orogen extends west into the Trans-Hudson orogeny of Canada that continues to the lithium deposits near Snow Lake Manitoba and the Black Hills of South Dakota.
Multiple amphibolite and metasedimentary belts were acquired with some belts being over 20 km in strike length. The new claims have hundreds of mapped and interpreted pegmatite targets with a total license area of 49,639 hectares.
The licenses are located roughly 70 km from the coastal city of Uummannaq, about 80 km north of Ilulissat. Uummannaq has a population of about 1,660, an airport and a ferry terminal as well as a nearby container terminal. The area is located within the Archean Rae Craton that is intermixed with the Paleoproterozoic Rinkian fold-thrust belt, both of which are in contact with the Paleoproterozoic Nagssugtoqidian Orogen to the south.
The new license contains multiple amphibolite and metasedimentary belts with dozens of mapped and interpreted pegmatites with a total license area of 9,770 hectares.Robert Wares is a professional geologist with more than 35 years of experience in mineral exploration and development. He was responsible for discovering the Canadian Malartic bulk tonnage gold mine, which was subsequently developed by Osisko Mining into one of Canada's largest gold producers. Wares was a co-winner of the Prospectors and Developers Association of Canada's "Prospector of the Year Award" for 2007. He was also named one of the "Mining
Men of the Year" for 2009 by the Northern Miner. He has a bachelor of science and an honorary doctorate in Earth sciences from McGill University.
From 2017 to 2021, Killian Charles worked as VP of corporate development for Osisko Metals. Charles was previously the manager of corporate development at Integra Gold Corp, which was an advanced-stage gold development company until it was acquired by Eldorado Gold in July 2017. He worked as a mining analyst at Industrial Alliance Securities and Laurentian Bank Securities. Charles covered small and mid-cap exploration and production companies as a mining analyst. Charles holds a bachelor of science with a major in Earth and planetary sciences from McGill University.
Anthony Glavac has more than 17 years of experience in financial reporting, including over 12 years in the mining industry. Since August 2017, Glavac has served as vice-president, and corporate controller for Falco Resources, and previously served as director, financial reporting and internal controls at Dynacor Gold Mines. Glavac spent 10 years at KPMG, working with both public and private companies, providing audit, taxation, strategic advisory and public offering services. Glavac is also involved with other public companies in the mining industry.
François Goulet holds a master’s degree in structural geology from the Université du Québec à Montréal (UQÀM). In recent years he was president and CEO of Harfang Exploration, a gold project generator in the James Bay region. He has extensive experience working in the James Bay region of Quebec as well as international experience in a variety of exploration projects.
Goulet has worked for Virginia Mines, Unigold, Maya Gold and Silver, the Canadian Malartic Partnership, Glencore Canada and several other junior companies. He is a member of the board of directors of l’Association de l’exploration minière du Québec (AEMQ) and a registered geologist with the Ordre des géologues du Québec since January 2011.
Charles Kodors is the Manager, Atlantic Canada at Brunswick Exploration Inc. and has been with the company since January 2021. Having 15 years of experience in the mining and exploration industry, he most recently served as an exploration manager for Osisko Metals and a senior exploration geologist for Kirkland Lake Gold. Charles Kodors received his B.Sc. from Brock University and is a registered professional geologist within the provinces of New Brunswick, Newfoundland, Nova Scotia, Ontario, Quebec, Manitoba and Saskatchewan.
Simon Hébert is a professional geologist with over 13 years in the mining exploration industry. He began his career with Virginia Mines and Osisko Mining. Hébert has worked on several
metallogenic projects and in various environments, mainly in the Baie-James territory, Nunavik and the Northwest Territories. He was a mining director in April 2019 where he participated in the formation of NQ Mining Investment, where he subsequently became general manager in 2023. Hébert is a registered professional geologist and a member of the Ordre des Géologues du Quebec since 2012. He has sat on the AEMQ board of directors since 2019, serving as vice- president. He is president of the board of directors of the Table Jamésienne de concertation minière. Hébert holds a bachelor’s degree in geology from Université Laval.
Rio Silver’s value proposition leverages a wholly owned 4,300 hectares of mineral concessions in a historic Peruvian mining district, a management team holding a 29 percent stake and over two decades of local experience, extensive exploration data and promising historical drill results.
Rio Silver (TSXV:RYO) is a precious metals mining and exploration company with a focus on the acquisition, exploration and development of precious metals deposits in South America. The company is currently focused on advancing its 100 percent-owned Niñobamba silver-gold project in Peru. The company has decades of experience navigating the mining regulatory landscape of Peru and considers itself to be well-positioned for the coming mining cycle.
Rio Silver’s flagship Niñobamba property is located in the Department of Ayacucho about 330 kilometers southeast of Lima. The 4,300-hectare property is wholly owned by the company and the project is drill ready. The Niñobamba project partially comprises a 2,200 hectare property which was previously owned by Newmont Mining (NYSE:NEM) and Southern Peru Mining. The balance was held by AngloGold Ashanti and Bear Creek Mining but has since been strategically acquired and consolidated into Rio Silver’s property.
The Ninobamba project engulfs a collapsed caldera, an ancient volcano, where the Niñobamba North and South zones were mineralized in a hot spring environment within the wall rock of the caldera surrounded by areas that contain high-sulfidation mineralization with near surface silver and gold deposits modeled for Rio Silver using leapfrog 3D software. The neighbouring Jorimina deposit, 6.5 kilometers to the west, where Newmont spent more than US$7 million, concluded an internal, positive, preliminary economic assessment, detailing a predominantly gold-rich, low to mid-sulfidation deposit found in the floor structure of this collapsed caldera.
The company’s management and advisory team is made up of experienced industry veterans, some with as many as 25 years of experience working in Peru. The team has an in-depth understanding of the regulatory processes associated with mining exploration in the country.
To date, Rio Silver and other historical operators have completed US$10 million in exploration expenditure on the Niñobamba property. The company has low overhead expenditure and strong alliances in Peru that are helping it achieve new initiatives for enhanced sustainability.
The company now holds a 3 percent net smelter return (NSR) royalty with guaranteed minimum payments from a recent property sale and these initiatives enable more exploration by helping Rio Silver with sustaining costs.
Located 330 kilometers southeast of Lima in the Department of Ayacucho, the Niñobamba property is 100 percent wholly owned by Rio Silver. The property includes six mineral concessions covering 4,300 hectares. The district has historically been mined by major international gold miners including Newmont Goldcorp and Southern Peru Mining.
The property was initially explored by AngloGold (JSE:ANG) in 2001. Anglo drilled five widely-spaced core holes totaling 861 meters focusing in an area of intense hydrothermal surface alteration. AngloGold’s drilling highlights included assay results of 87.0 grams per tonne (g/t) silver over a drilled interval of 130 meters starting from a depth of 9 meters reported from drill hole DDH-2 and 54.0 g/t silver over a drilled interval of 96 meters starting from 23 meters reported from the AN-04 drill hole.
In 2016, Rio Silver consolidated its property by acquiring the surrounding 2,200 hectares of adjoining land from Newmont Mining and Southern Peru Copper. These included the 2,000 hectare Jorimina zone, which is located about 6.5 kilometers west of the Niñobamba and is believed to be part of the same high-sulfidation silver-gold system identified in the main Niñobamba zones. Along with the property came an extensive database of information including results and reports from an exploration program by the mining majors which encompassed 553 hectares. Newmont’s exploration included mapping, 2,147 rock samples and induced polarization geophysics. This historic exploration indicated a gold anomalous area of more than 700 meters by 1,000 meters as well as four strong chargeability anomalies coinciding with gold-silver in rock anomalies.
Newmont’s historic data includes samples of 17.4 meters of 3.06 g/t gold and 200 meters of 0.26 g/t gold. Historic exploration in the Jorimina zone conducted by Newmont in 2009 and 2010 shows highlights of 72.3 meters of 1.19 g/t gold starting at 53-meter depth.
In 2024, Rio Silver completed a surface access agreement with the local community for one year at the Jorimina project after an environmental impact study and community workshops were also completed to represent the final steps of the drill permitting application process.
Chris Verrico has extensive experience with rural-remote infrastructure construction and contract mining throughout BC, the Yukon, Alaska and Nunavut. He has been a director for a dozen startup junior mining companies, most of which have become public companies. Verrico has managed numerous exploration projects in North America, Mexico and throughout western South America. He is currently the director of Juggernaught Exploration.
Christopher Hopton has over 25 years of experience in senior accounting and financial roles. He is currently the CFO of Sirona Biochem.
Steve Brunelle is the former officer and director of Corner Bay Silver, which was acquired by Pan American Silver. He has 35 years of experience in mineral exploration throughout the Americas and is currently an Officer and Director for several TSXV companies.
Jeffrey J Reeder is a professional geologist with more than two decades of experience working in Peru. Reeder possesses an in-depth understanding of the rules, practices, and processes involved in conducting mining and exploration in the country and is currently the president of Peruvian Metals that owns a custom toll milling facility in northern Peru.
Jim McCrea has more than 30 years’ experience in exploration, mining geology and mineral resource estimation. He worked for junior mining/exploration companies and engineering companies SRK and Snowden. His geological expertise ranges from technical review and due diligence to resource estimation and feasibility studies. McCrea has experience in a range of commodities, but primarily gold, silver and copper, with particular focus on North and South America. He has performed ore body modeling and resource estimation for the successfully targeted takeover company Cumberland Resources by Agnico-Eagle Mines. More recently, McCrea completed many mineral resource estimations underpinning acquisitions such as Minera San Cristóbal S.A. of Bolivia, Arena Minerals and Montan Mining, to mention a few.
Edward J Badidaa is a professional accountant with over 40 years of financial management and corporate governance experience. He currently serves as a director for Patagonia Gold.
Richard Mazur is the co-founder and past managing director of RLG International operating in over 30 countries worldwide with more than 300 employees.
