Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce additional drill
hole results from the 2024 season at its wholly owned Thorn Project
located in Northwest British Columbia, Canada. The Thorn Project is
an underexplored copper-gold porphyry district with multiple large
scale exploration targets areas identified.
Highlights
- Hole THN24-307 intercepted a gold
dominant zone of high-sulphidation mineralization:
- 114.50m of 0.53 g/t Au and 20.1 g/t
Ag from 83.5m depth including
- 26.00m of 1.89 g/t Au, 74.8 g/t Ag,
0.28% Cu from 172m depth including
- 8.00m of 4.52 g/t Au, 148.6 g/t Ag,
0.54% Cu
- Hole THN24-307 intercepted broad
zones of Cu-Au-Ag-Mo mineralization:
- 647.83m of 0.26% Cu, 0.11 g/t Au,
2.70 g/t Ag, 274 ppm Mo (0.49% CuEq)
- 261.72m of 0.35% Cu, 0.17 g/t Au,
3.26 g/t Ag, 242 ppm Mo (0.61% CuEq)
- 50.00m of 0.54% Cu, 0.58 g/t Au,
5.33 g/t Ag, 176 ppm Mo (1.07% CuEq)
- 10.00m of 0.50% Cu, 2.13 g/t Au,
5.35 g/t Ag, 127 ppm Mo (2.13% CuEq)
- Hole THN24-294 intercepted broad
zones of Cu-Au-Ag-Mo mineralization:
- 124.00m of 0.29% Cu, 0.07 g/t Au,
2.60 g/t Ag, 134 ppm Mo (0.42% CuEq)
- 52.80 of 0.38% Cu, 0.09 g/t Au,
3.45 g/t Ag, 148 ppm Mo (0.53% CuEq)
- 24.00m of 0.47% Cu, 0.11 g/t Au,
3.41 g/t Ag, 177 ppm Mo (0.64% CuEq)
Vice President of Exploration, Christina Anstey,
stated, “We are excited to announce that the latest drill results
have significantly expanded the footprint of the Camp Creek Copper
Porphyry as well as identifying new areas of near surface
high-sulphidation gold-silver-copper mineralization, further
confirming the scale copper-gold potential and continuity of the
Camp Creek system.”
Figure 1. Thorn Project Location Map with Copper
Geochemistry.
Table 1. Select Assay Intervals for Camp Creek
Drill Holes THN24-307 and THN24-294.
Hole ID |
From (m) |
To (m) |
Interval (m) |
Cu % |
Au (g/t) |
Ag (g/t) |
Mo (ppm) |
CuEq (%) 95% Recovery |
THN24-307 |
83.50 |
1442.07 |
1358.57 |
0.16 |
0.12 |
3.57 |
169.0 |
0.35 |
including |
749.50 |
1397.33 |
647.83 |
0.26 |
0.11 |
2.70 |
274.0 |
0.49 |
including |
1030.28 |
1292.00 |
261.72 |
0.35 |
0.17 |
3.26 |
242.0 |
0.61 |
including |
1052.00 |
1102.00 |
50.00 |
0.54 |
0.58 |
5.33 |
176.0 |
1.07 |
including |
1077.00 |
1087.00 |
10.00 |
0.50 |
2.13 |
5.35 |
127.0 |
2.13 |
THN24-294 |
280.50 |
1553.00 |
1272.50 |
0.13 |
0.04 |
1.63 |
72.8 |
0.20 |
including |
623.50 |
1553.00 |
929.50 |
0.17 |
0.04 |
1.61 |
98.5 |
0.25 |
including |
1104.00 |
1228.00 |
124.00 |
0.29 |
0.07 |
2.60 |
134.0 |
0.42 |
including |
1104.00 |
1156.80 |
52.80 |
0.38 |
0.09 |
3.45 |
148.0 |
0.53 |
including |
1124.00 |
1148.00 |
24.00 |
0.47 |
0.11 |
3.41 |
177.0 |
0.64 |
HQ and NQ size core samples were cut in half and sampled
predominantly at 2.0m intervals. Assay values are weighted
averages. The true width of the mineralized intervals has not yet
been determined.
Copper Equivalent (CuEq) is calculated based on
US$ 4.02/lb Cu, US$ 2105.6/oz Au, US$ 25.16/oz Ag, $US 20.99/lb Mo.
These prices represent the approximate metal prices and
calculations assume 95% metal recoveries.
CuEq % = (Cu % + (0.764486* Au g/t) + (0.009134
* Ag g/t) + (0.000523 * Mo ppm)) * 0.95
2024 Camp Creek Exploration
Summary
The 2024 drill program at the Camp Creek
Cu-Au-Ag-Mo Porphyry Target consisted of five diamond drill holes
totaling 6335.07m of which 3247.10m is covered in this release. For
previously released 2024 Camp Creek assay results see NR’s dated
July 25th and August 6th.
The 2024 program was successful in its two-fold
approach to test for high-grade areas within the known extents of
copper porphyry mineralization at Camp Creek as well as expand
laterally upon the mineralized footprint. Recent step-out drilling
has also identified two new zones of near-surface,
high-sulphidation style gold mineralization returning 4.65m of 6.15
g/t Au within 61.5m of 0.89 g/t Au from hole THN24-291 and 8.00m of
4.52 g/t Au within 114.50m of 0.53 g/t Au from hole THN24-307.
Future exploration efforts will aim to further
define high-grade zones within the Camp Creek porphyry as well as
determine the potential for significant high-sulphidation gold
mineralization. Additionally, exploration efforts will focus on
developing the district scale potential of the area including
testing new porphyry targets that have been identified east along
the Camp Creek structure at Cirque and East Cirque. Additional
assay results are pending from the 2024 drill program at the Cirque
and Trifecta targets, located 3km east and 1.5km southeast
respectively from the Camp Creek porphyry.
Technical Discussion
THN24-307 was drilled at an azimuth of 155.6
degrees with a dip of -83 degrees to a total depth of 1443.10m.
Hole 307 was planned to test an interpreted zone of high-grade
mineralization between previously released holes THN22-221 and
THN21-184 on the northern side of Camp Creek and was successful in
intercepting broad zones of Cu-Au-Ag-Mo mineralization. THN24-307
returned 1358.57m of 0.35% CuEq, including 647.83m of 0.49% CuEq,
and including 261.72m 0.61% CuEq.
In addition to broad intervals of porphyry-style
mineralization, a shallow gold dominant zone hosting
high-sulphidation style mineralization was observed from 83.50m to
198.00m depth returning 4.52 g/t Au over 8.00m within 26.00m of
1.89 g/t Au, all within a broader 114.50m interval of 0.53 g/t
Au.
Table 2. Select Assay Intervals from the Gold
Dominant Zone in Hole THN24-307.
Hole ID |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu % |
THN24-307 |
83.50 |
198.00 |
114.50 |
0.53 |
20.1 |
0.08 |
including |
172.00 |
198.00 |
26.00 |
1.89 |
74.8 |
0.28 |
including |
175.00 |
183.00 |
8.00 |
4.52 |
148.6 |
0.54 |
Figure 2. THN24-307 Cross-Section and Plan Map for
Camp Creek at -400m below sea level.
Figure 3. HQ Core Photographs of Copper Mineralization from Hole
THN24-307.
THN24-294 was collared from the same drill pad
as previously released hole THN24-291 and drilled at an azimuth of
237.8 degrees with a dip of -80.5 degrees to a total depth of
1553.00m. The objective of hole THN24-294 was to expand the
mineralization footprint to the northwest as a 235m step-out from
hole THN24-291. THN24-294 returned broad intervals of Cu-Au-Mo-Ag
mineralization assaying 929.50m of 0.25% CuEq, including 124.00m of
0.42% CuEq.
THN24-297 was collared from the same drill pad
as THN24-291 and THN24-294 and was drilled at an azimuth of 150
degrees and a dip of -50 degrees. This hole was planned to target
the upper high-sulphidation gold zone observed in the previously
released hole THN24-291 as an extension of the Talisker Gold Zone
located 400m to the northeast. The zone of semi-massive gold rich
pyrite was not observed at this shallower angle and the hole ended
at a final depth of 251m.
Figure 4. THN24-294 Cross-Section and Plan Map for
Camp Creek at -400m below sea level.
Figure 5. NQ Core Photographs of Mineralization
from Hole THN24-294.
Porphyry mineralization is hosted in the
Cretaceous aged diorite Porphyry X unit, a crowded plagioclase
porphyry characterized by well-defined stacked biotite, a feature
typical of mineral-related porphyry phases. Mineralization is also
hosted within Triassic Stuhini Group sedimentary rocks, which are
intruded by the porphyry phases. Mineralization consists dominantly
of chalcopyrite, molybdenite and pyrite as disseminations, fracture
fill and within porphyry-style veins. Pyrite is dominate in the
upper part of the hole with chalcopyrite and molybdenite
mineralization increasing with depth. Alteration assemblages
transition from advanced argillic at surface, into a pronounced
zone of strong phyllic alteration and ultimately into potassic
assemblages around the core of the system. In hole THN24-294 the
mineralized Porphyry X unit was first observed at 1263.00m and
occurs as a series of dykes intruding hornfels siltstone up to
1480.40m and are cut by post mineral dykes. The remainder of the
hole was hornfels siltstones with one narrow post mineral dyke to
1553.00m. In THN24-307, Porphyry X was first observed at 807.00m
interspersed with hornfels and post-mineral dykes until
1398.45m.
Figure 6. Drill Collar and Location Map of the Camp
Creek, Cirque and Trifecta Targets.
Table 3. Collar Information for Drill Holes from
Current Release and Assays Pending.
Hole ID |
Status |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
THN24-294 |
This Release |
627663 |
6492135 |
733 |
237.5 |
-81 |
1553.0 |
THN24-297 |
This Release |
627663 |
6492135 |
733 |
150.0 |
-50 |
251.0 |
THN24-299 |
Assays Pending |
630622 |
6493904 |
1089 |
214.9 |
-55 |
686.0 |
THN24-307 |
This Release |
627874 |
6492229 |
772 |
155.6 |
-83 |
1443.1 |
THN24-314 |
Assays Pending |
628603 |
6490641 |
667 |
325.0 |
-75 |
466.0 |
Quality Assurance & Quality Control
Quality assurance and quality control protocols
for drill core sampling was developed by Brixton. Core samples were
mostly taken at 1.0 to 2.0m 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 Whitehorse, Yukon or Langley, British
Columbia depending on available lab capacity. 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.
Qualified Person (QP)
Mr. Corey A. James, P.Geo., is a Senior Project
Geologist for the Company who is a qualified person as defined by
National Instrument 43-101. Mr. James has verified the referenced
data and analytical results disclosed in this press release and has
approved the technical information presented herein.
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.
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