VANCOUVER, Oct. 18, 2016 /CNW/ - Brixton Metals Corporation
(TSXV: BBB) (the "Company" or "Brixton") is pleased
to announce the completion of its drilling program and provide
complete assay results from the drill holes at its wholly owned
Langis silver project located in Ontario,
Canada. Brixton has drilled 15 holes for a total of 3,170
metres designed to confirm historic drill results and test new
targets at the past producing site. Brixton also completed 720
kilometres of a combined airborne (Quadra-Mag) high resolution
magnetics and (VLF-EM) very low-frequency electromagnetic survey.
The work was conducted over the Langis, Hudson Bay and Cobalt lands held by Brixton.
The ultra-wide horizontal and vertical gradient allow mapping of
subtle changes in rock properties in an attempt to map mineralized
veins and their structural controls.
Drill hole LM-16-04 intersected 2.00 metres of 1,084.00 g/t Ag
from 182.50 metres hole depth, including 1.00 metre of 1,560.00 g/t
Ag. Mineralization is hosted in Coleman Member sediments. LM-16-11
intersected 2.10 metres of 360.00 g/t Ag and it was drilled 165.00
metres southeast of drill hole LM-16-03 which intersected 1,944.60
g/t Ag over 3.13 metres.
Please see link to the drill hole plan map:
http://files.newswire.ca/945/Langis.pdf
Please see link to cross-section A:
http://files.newswire.ca/945/Hole03_13d.pdf
Please see link to cross-section B:
http://files.newswire.ca/945/Hole11_14d.pdf
Chairman and CEO of Brixton, Gary R.
Thompson stated, "This first phase of drilling was
successful in recovering very high grade silver and previously
unrecognized high grade gold in and around the old workings. We are
encouraged by the grade of the intercepts to date and are making
plans for further drilling in the area with a goal to define a
maiden resource."
Table of Complete Assay Results
Drill
hole
ID
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Weighted
Average
Au
(g/t)
|
Weighted
Average
Ag
g/t
|
Comments
|
LM-16-01
|
0
|
153.76
|
|
|
|
Results released on
August 11, 2016
|
LM-16-02
|
0
|
168.83
|
|
|
|
No significant
results
|
LM-16-03
|
156.05
|
160.20
|
4.15
|
4.90
|
397.00
|
Results released on
August 11, 2016
|
including
|
158.20
|
158.42
|
0.22
|
74.90
|
5,236.40
|
Results released on
August 11, 2016
|
LM-16-03
|
179.41
|
182.54
|
3.13
|
-
|
1,944.60
|
Results released on
August 11, 2016
|
including
|
179.41
|
180.61
|
1.200
|
-
|
3,527.50
|
Results released on
August 11, 2016
|
including
|
181.88
|
182.08
|
0.200
|
-
|
6,350.00
|
Results released on
August 11, 2016
|
LM-16-04
|
182.50
|
184.50
|
2.00
|
-
|
1,084.00
|
|
LM-16-05
|
0
|
148.93
|
|
|
|
Encountered an
underground opening
|
LM-16-06
|
0
|
200.39
|
|
|
|
No significant
results
|
LM-16-07
|
0
|
160.87
|
160.87
|
|
|
Encountered an
underground opening
|
LM-16-08
|
0
|
359.06
|
|
|
|
No significant
results
|
LM-16-09
|
117.00
|
121.05
|
4.05
|
|
64.38
|
|
LM-16-10
|
212.80
|
215.80
|
3.00
|
|
38.03
|
|
LM-16-11
|
205.63
|
206.63
|
1.00
|
2.10
|
360.00
|
|
LM-16-12
|
0
|
257.71
|
|
|
|
No significant
results
|
LM-16-13
|
129.65
|
131.53
|
1.88
|
|
543.15
|
|
LM-16-14
|
155.43
|
157.49
|
2.06
|
|
220.50
|
|
LM-16-15
|
122.63
|
128.70
|
6.07
|
|
36.57
|
|
True widths are unknown at this time, however they are likely
less than the drilled intercepts reported as the veins are known to
be moderate to steeply dipping.
Quality Assurance & Quality Control
Ms. Caroline Vallat, P.Geo., from
GeoSpark Consulting Inc. conducted an independent QAQC review which
returned overall strong accuracy and precision of the analytical
results.
Sealed samples were 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. Analysis for gold was done by Fire Assay
with AA finish and Aqua Regia Digestion with ICPMS finish. All
other elements were analyzed by Aqua Regia Digest with
ICP-AES/ICP-MS finish. Gold and Silver over-limits were analyzed by
fire assay with gravimetric finish. Base metal over-limits were
analyzed with Aqua Regia Digest and AA finish. A copy of the QAQC
protocol consistent with industry best practices can be viewed at
the Company's website. All reported assays are uncut weighted
averages. The company is planning to run approximately 5% check
assays with a secondary laboratory.
Further planned work includes 36 kilometres of IP geophysical
survey at Langis and further drilling at Langis and Hudson Bay projects. The digitization of
historical work is ongoing on both Langis and Hudson Bay mines.
Mr. Sorin Posescu, P.Geo., VP
Exploration, 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 an exploration company focused on the advancement of
its gold and silver projects toward feasibility.
The wholly owned Langis project and lands in the Cobalt Camp is
3,300 hectares in size. The project is located 500 km north of
Toronto, Canada. The high-grade
silver mineralization occurs as steeply-moderately dipping veins
within any of the three main rock types; Archean volcanics, Coleman
Member sediments and Nipissing
diabase. The Silver-Cobalt camp historically produced over 500
million ounces of silver. Brixton holds two past producing silver
mines. The Langis mine which produced 10.4Moz Ag at 25 oz/t Ag and
358,340 pounds of cobalt from 418,305 short tons mined and the
Hudson Bay mine which produced 6.4
Moz of Ag at 123 oz/t Ag.
The 996 SQ/KM, wholly owned Thorn Project is located in
northwestern British Columbia,
Canada, approximately 105 km ENE from Juneau, AK. The Thorn project hosts a district
scale Triassic to Cretaceous volcano-plutonic complex with many
styles of mineralization related to porphyry and epithermal
environments. Targets include sediment hosted Au-Ag, Ag-Au-Pb-Zn
diatreme-breccia, Au-Ag-Cu veins; and volcanic hosted structurally
controlled high-grade Au-Ag.
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.
Information Sources: Cobalt Museum Thompson 2015; Technical
Report on the Langis Project by Dale R.
Alexander, P.Geo, May 17,
2013; Approved Filing Statement for Everfront Ventures Corp
July 31, 2013; Annual Report, Agnico
Eagle Mines 1987; Interim Report, Agnico Eagle Mines Q2-1986;
Agnico Eagle Mines, Langis Mine-New Mine Site, Plan & Section
1987.
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 exploration potential of the Langis
property based on historical information resources estimates on the
Thorn Project are 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.
SOURCE Brixton Metals Corporation