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
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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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