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VANCOUVER, BC–(Marketwired – August 17, 2017) – Brixton Metals Corporation (TSX VENTURE: BBB) (the “Company” or “Brixton“) is pleased to announce project updates for its projects located in both Ontario and British Columbia, Canada.
2017 Thorn Gold-Silver Project, British Columbia
Brixton completed ten NQ-sized core drill holes for a total of 2,455 metres at the Chivas Zone. Drilling at the Chivas Zone was designed to test the gold-in-soil anomaly identified in 2016. The gold-in-soil anomaly at the Chivas Zone covers a 7 square kilometre area and has corresponding chargeability anomalies from the 2016 Titan-24 DC/IP survey. In 2017 Brixton collected 517 soil and 56 rock samples throughout the property and completed two weeks of 1:2500 and 1:5000 scale geological and alteration mapping at the Chivas Zone. Aerial Lidar was conducted over a 210 square kilometre area. Brixton expanded its claim group from 996 square kilometres to 1,114 square kilometres.
Thorn Project 2017 drill results are pending at this time.
Thorn Project Soil Results
Using a 100 ppb cut off for the soil results, 69 samples are greater than 100 ppb Au, 44 samples are greater than 200 ppb, 28 samples are greater than 400 ppb, 12 are greater than 800 ppb with the two highest samples being 4,900 and 6,920 ppb Au.
Geological Mapping at the Chivas Zone Identifies a New Copper Trend at Thorn
Mapping was successful in identifying a 115m by 1200m open-ended corridor of copper mineralization with up to 1.14% Cu and 2.15 g/t Au from surface rock sampling. The best values from rock grab samples were 4.49 g/t Au, 4.38% Cu and 443 g/t Ag. Please see map at the link: http://brixtonmetals.com/wp/wp-content/uploads/2016/12/Chivas-Geology-NR-A2017.jpg
Mineralization is dominantly hosted by quartz-carbonate-py+/-galena-sphalerite-sulphosalt veins and polyphase breccias cutting Stuhini Group volcanic rocks and is interpreted as being related to an epithermal system transitional to a Cu-Au-Mo porphyry system.
Geology was mapped by Marcus van Wermeskerken, B.Sc., he stated “there is a fairly well developed zoning in both alteration and mineralization, centered on the main porphyry intrusion. Starting at the centre, there is a distinct trend along which a porphyry type mineralization exists as disseminated chalcopyrite, malachite, quartz stockwork zones with sericite. Outwards from this core, there is a zone of scattered polymetallic veins and fault breccias, hematite, chlorite, epidote and patchy potassic alteration. This alteration-mineralization was measured on one side of the cuprous corridor for 600 metres. This suggests there was a significant heat pump at the time of mineralization. This is only at the very apex of what could potentially be a much larger intrusion below. A significant amount of epithermal type mineralization (polymetallic veins, chalcedony veins-breccia and argillic alteration zones) was noted, which is typical in the periphery of porphyry systems, suggesting potential for a mineralized system below.”
A reconnaissance soil line in a new area 2.7 kilometres south from the southern end of the Chivas Zone returned an anomalous copper-in-soils area with a single rock sample returning 4.38% Cu and 0.8 g/t Au (see link to map above).
About the Chivas Gold Zone (Thorn Project)
The Chivas Gold Zone was first identified in 2014 when the Company collected 16 soil samples along a break in slope where 12 of the 16 samples where anomalous (above 30 ppb Au) in gold with a high of 11,000 ppb Au was found. There was no previous work reported from this area of the property and this zone represents an important new mineralized target. The Chivas Zone is located about 3 kilometres southwest from the western edge of the sediment hosted Outlaw Gold Zone where hole 128 intersected 59.65m of 1.15 g/t Au, 5.64 g/t Ag, and about 4 kilometres south from the silver rich Oban Diatreme Zone where hole 60 intersected 95m of 628 g/t Ag and 1.71 g/t Au. Host lithology to mineralization at the Chivas Zone is Triassic Stuhini group mafic volcanics. The 7 square kilometre gold-in-soil anomaly and the IP chargeability anomaly clearly define an open-ended northwest trend. The red-line boundary (Triassic-Jurassic unconformity) was mapped about 800 metres west of the Chivas anomaly. According to Kyba and Nelson of the BCGS, most major deposits in northwestern BC, including KSM, Brucejack and Eskay Creek, occur within 2 km of this regional red-line marker, which implies major regional-scale faults as metal-rich fluid pathways. Please see link to the Chivas Zone: http://brixtonmetals.com/properties/thorn-project/chivas-zone/
2017 Atlin Gold Project, British Columbia
Results from 26 rock samples returned a high of 24 g/t Au. Twelve of the 26 samples were greater that 0.1 g/t Au. The samples were collected in the vicinity of historic trenches on the LD claims; however, at the time of sampling the trenches were reclaimed and filled in. Brixton conducted an airborne magnetic survey of eight flight lines covering a total of 4,571 line kilometres of high resolution magnetic data. The traverse lines were flown East-West at a spacing of 200 metres with control lines flown North-South at a separation of 2000 metres. Nominal terrain clearance was specified at 100 metres above ground. Compilation of historic data and interpretation of the airborne magnetic survey is ongoing. Please see link to the Map showing the LD claims:
Historical work on the LD claims includes 330 g/t Au (mini-bulk sample), 1,615 g/t Au (rock grab sample) and 3m of 9.39 g/t Au (drill core). Brixton’s land package in the Atlin gold camp offers large target areas for exploration in search of Barkerville style or California style mother-lode gold deposits that may exist in prospective host rocks that are masked by overburden. Please see link to Atlin Gold Project page: http://brixtonmetals.com/atlin-gold-project/
2017 Langis-Hudson Bay Ag-Co Project, Ontario
Historical data compilation continues for the Langis area. Following the acquisition of the Penna lands from Agnico at the Langis site, four rock grab samples from the Penna #7 shaft dump area were submitted for analysis. The table below provides details which returned up to 18% silver and 16% Cobalt. Samples contained abundant native silver.
|Langis Penna Shaft #7 Dump Rock Samples|
The actual location or source of the sampled material is unknown; however, it was likely sourced from underground workings between the #7 and #6 shaft. The qualified person has not done sufficient work to verify the sample locations. The grab samples by nature are selective samples and do not represent grades throughout the property. Cobalt was analyzed using four acid digestion and the silver was analyzed by Fire Assay Fusion and Gravimetric Finish and since the samples exceeded the upper limit of 10,000 ppm the samples were treated as concentrate by ALS Minerals.
Brixton added 178 hectares of mineral title lands to its Langis Project. The one hundred percent interest was acquired from Mid-North Engineering Services Ltd for consideration of 150,000 common shares of Brixton and $5,000. The title is subject to a 1% NSR in favour of the vendor where Brixton holds the right to purchase 0.5% NSR for $250,000.
The Langis Project is drill ready with both brownfield and greenfield high-grade Ag-Co targets. Subject to available funding the Company plans to conduct additional drilling at its Langis and Hudson Bay Projects this fall and winter season. Please see link to the Langis Project: http://brixtonmetals.com/properties/langis-silver-cobalt-project/
Mr. Gary R. Thompson, P.Geo., is a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility. The Company is actively seeking JV partners to advance one or more of it projects.
Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
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 completion of the acquisition, the anticipated closing of the acquisition, TSXV approval, and the exploration potential of the property based on resources estimates and forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the 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
Mr. Gary R. Thompson
Chairman and CEO
Email: [email protected]
Thu, 17 Aug 2017 13:00:00 GMT