VANCOUVER, Aug. 5, 2016 /CNW/ - Brixton Metals Corporation
(TSXV: BBB) (the "Company" or "Brixton") is pleased
to provide results from the phase one exploration at its 100
percent owned Thorn gold-silver project located in Northwest British Columbia. The program was
designed to test for gold mineralization in a previously unexplored
section that is underlain by favourable geology on the 280 square
kilometre property.
A total of 891 soils and 159 rock samples were collected during
the phase one 2016 program at the Thorn project. The majority of
samples were collected within a new area of the property which has
not seen any previous exploration called the Chivas zone. Secondary
areas sampled were the Outlaw, Aberlour, Trapper and Amarillo
zones, where follow-up sampling was conducted based on encouraging
gold results. Given the results further exploration work is
planned.
Chairman and CEO of Brixton, Gary R.
Thompson stated, "The Thorn project continues to show
promise for both high grade gold and silver underground type
targets and large scale open pit type targets. Geochemical surveys
have shown to be an effective tool for identifying new mineralized
zones. We are looking forward to further work at Thorn including
geochemical surveys, geophysical surveys, geological mapping and
drilling."
The Chivas zone is a broad gold-in-soil anomaly of approximately
2.5 kilometers long and 1.9 kilometers wide and remains open in
several directions (see the map at the link below). The highest
gold-in-soil concentration was obtained from the Chivas zone,
assaying 6.39 g/t Au or 6,390 ppb. From the 891 soil samples
collected, 227 samples assayed greater than 100 ppb
Au, 76 samples assayed greater that 300 ppb
Au, 20 samples assayed greater than 1,000 ppb Au and 3
samples assayed greater than 3,000 ppb Au.
Please see the gold-in-soil map at the following link:
http://files.newswire.ca/945/Results_Soil_Au_PPB.pdf
A one meter rock chip sample Q049457, contained the highest gold
in rock concentration at 19.39 g/t Au and 136 g/t Ag within the
Aberlour Zone. Rock grab sample Q049407 contained the highest
silver in rock concentration at 2,240 g/t Ag with 1.16 g/t Au 9.4%
Pb and 3.15% Zn within the Chivas zone. From the 159 rock samples
4 samples assayed greater than 3 g/t Au, 9 samples
assayed greater than 1 g/t Au and 27 samples assayed greater than
0.3 g/t Au. Additionally, 3 samples assayed greater than 50 g/t Ag,
15 samples assayed greater than 10 g/t Ag, 42 samples assayed
greater than 2.5 g/t Ag.
Please see the following link for gold-in-rock samples map:
http://files.newswire.ca/945/Results_Rock_Au_PPM.pdf
Aberlour gold zone
The Aberlour zone is a high grade gold target. The
mineralization is a structurally controlled zone of
siliceous-sulphide rich material hosted by Stuhini mafic volcanics
that appears to be 1 to 4 metres wide. The zone trends
approximately 140 degrees and dips steeply with east-west cross
structures. The zone is partly exposed in a recessive drainage for
about 30-50 metres. A 2 metre chip sample in 2004 returned up to 57
g/t Au and 89 g/t Ag (2004 samples ranged between 4.26 g/t Au to
57.38 g/t Au). Sample Q049457 from the 2016 program was a one
meter rock chip sample that returned 19.39 g/t Au and 136 g/t Ag.
From the 7 rocks samples collected during this program at the
Aberlour zone, 5 returned greater than 1 g/t Au,3 returned greater
than 6 g/t Au. The next step is geological mapping further
rock-soil sampling and drill testing.(see the insert on the
gold-in-rock sample map at the link above)
Chivas gold Zone
The new Chivas zone was first identified and sampled in 2014 by
a single 700 meter soil line which retuned up to 11 g/t Au. This
recent work now represents the Chivas zone as a broad gold-in-soil
anomaly approximately 2.5 kilometers long and 1.9 kilometers wide
and remains open in several directions or an area greater than 5
square kilometres. The area is underlain by the favourable Stuhini
group volcanics and the related Red-line unconformity boundary
separating Jurassic clastic sediments. The next step is to collect
additional soil and rock samples to infill and expand the anomaly,
IP geophysical survey to cover the geochemical anomaly, geological
mapping and drill testing.
Outlaw gold zone
Soil sampling extended the gold-in-soil anomaly to the north and
northwest by about 150 meters and still remains open. Samples were
collected to the north of where 2014 drill holes 127 (11.58m of
1.96 g/t Au) and 128 (59.65m of 1.15 g/t Au) intersected
mineralization. Four soil samples from this program in this area
returned greater than 1,000 ppb Au with a high of 1,550 ppb Au. The
Outlaw zone is a sediment hosted gold-silver system with a 3.5
kilometre by 2 kilometre (7 square kilometres) gold-in-soil
anomaly. This area is also related to the favourable red-line
boundary (an unconformity between Triassic Stuhini group volcanics
and Jurassic clastic sediments). The zone was first identified by
Chevron Minerals in the early 1980's. Next steps are drilling of
3000 to 6000 meters.
Soil samples or talus fines were frequently collected on contour
at 50 meter stations, however in some areas where appreciable
gossanous soils and or sulphide material were visible, sample
density was increased.
All rock and soil samples were sent to the ALS Minerals
preparation facility in Whitehorse,
YT which is ISO9001:2008 certified. Soil samples were sieved
to 180 microns (-80 mesh) and both fractions were retained. Rock
samples were fine crushed to 70% nominal passing 2mm. They were
then split using a riffle splitter into a 250g sample and
pulverized to 85% passing 75 microns. Each sample was
analyzed for ore grade Au and Ag using aqua regia extraction with
an ICP finish. Over limits were further analyzed by fire assay with
a gravimetric finish.
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 an exploration company focused on the advancement of
its gold and silver projects toward feasibility.
The 280 square kilometre, 100% 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 Au-Ag. Brixton has established a maiden inferred
resource of 21.5Moz AgEq from 7.4 Mt at 89.75 g/t AgEq based on
limited drilling. Further information regarding the Thorn Project,
including resource estimates, can be found in the Company's
technical report prepared by SRK Consulting dated December 12, 2014 and filed on SEDAR. Read more
at http://brixtonmetals.com/thorn-technical-reports/
The 100% owned Langis project and lands in the Cobalt Camp is
3,300 hectare in size. The project is located 500 km north of
Toronto, Canada. The high-grade
silver mineralization occurs as steeply-dipping veins within any of
the three main rock types; Archean volcanics, Coleman Member
sediments and Nipissing diabase.
The Cobalt-Silver camp historically produced over 500 million
ounces of silver with some reported assays reaching 9,000 oz/t Ag
over 0.36 metres. The Langis mine produced 10.4 Moz Ag at 25 oz/t.
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
Tel: 604-630-9707 or email: info@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 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