Brixton Metals Drills New High Grade at Glenfiddich Zone and
Expands Oban Mineralization at Thorn
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 9, 2014) -
Brixton Metals Corporation (TSX-VENTURE:BBB) (the "Company" or
"Brixton") is pleased to announce drill results from its phase two
2013 exploration program at its 100 percent owned Thorn project.
Brixton completed seven NQ sized core drill holes for a total of
1,461 metres within 4 separate areas of the property.
Phase Two 2013 Drill Results Highlights
- Glenfiddich Zone, New near surface high-grade, THN13-121
returned 2.20 metres of 1,914 g/t AgEq (583 g/t Ag, 10.6% Cu and
2.5 g/t Au) from 74.0 metres depth. In addition, a second zone in
hole 121 from 25.0 metres depth returned 3.50 metres of 441.29 g/t
AgEq within 16.00 metres of 173.70 g/t AgEq. The Glenfiddich zone
is 1km WSW from the Oban zone.
- Oban Zone, Expanded at depth, THN13-119 returned 7.79 metres of
274.70 AgEq (130.30 g/t Ag, 1.37 g/t Au, 1.37% Zn and O.67% Pb)
within a 93.48 metre interval of 94.45 g/t AgEq from 205.00 metres
depth. THN13-119 ended in and extended the high-grade
mineralization by approximately 60 metres in depth. The Oban
mineralization remains open in several directions.
To view core photo's click on this link:
http://brixtonmetals.com/thorn-core/.
To view drill location map for phase two click on this link:
http://brixtonmetals.com/thorn-2013-drill-holes-plan-map/.
To view drill cross cross-sections click on this link:
http://brixtonmetals.com/thorn-2013-cross-sections-for-phase-two-of-drilling/.
Chairman and CEO of Brixton, Gary Thompson stated, "The recent
drilling at Thorn continues to deliver near surface high grade
mineralization." Mr. Thompson further stated that "Brixton now has
a strong shareholder base and with the completion of a number of
recent financings we have proven our ability to raise capital in
very challenging markets. The fact that we are entering 2014 with
about $2.3 Million in working capital gives us confidence that we
will advance the Thorn project this year and beyond. We thank our
shareholders for their unwavering support and look forward to
further exploration work on the Thorn project in 2014."
GLENFIDDICH ZONE PHASE TWO 2013:
Drill holes THN13-121 and 122 were drilled to test a vuggy
silica outcrop. Hole THN13-121 was drilled at an azimuth of 140
degrees with a dip of -45 degrees to a depth of 108.20 metres. Two
styles of mineralization occur in hole 121. The upper near surface
mineralization consists of quartz-pyrite breccia +- chalcopyrite
starting at about 25 metres (previously known as B Zone) while the
lower zone (new zone) cut a 2.21 metre interval which consists of
massive tetrahedrite-pyrite with minor quartz from 74.40 metres
depth. Hole THN13-122 was collared 140 metres northeast from hole
121. THN13-122 was drilled at an azimuth of 170 degrees with a dip
of -50 degrees to a depth of 111.86 metres. The Glenfiddich zone
remains open in the northeast-southwest direction and at depth. See
table below, section and location maps for details.
Hole ID |
From |
To |
Inter- val |
Gold |
Silver |
Copper |
Lead |
Zinc |
AuEq |
AgEq |
|
(metre) |
(metre) |
(metre) |
g/t |
g/t |
% |
% |
% |
g/t |
g/t |
THN13-121 |
25.00 |
41.00 |
16.00 |
1.96 |
48.34 |
0.12 |
- |
- |
3.13 |
173.70 |
including |
34.50 |
38.00 |
3.50 |
4.58 |
143.46 |
0.38 |
- |
- |
7.96 |
441.29 |
including |
25.00 |
26.00 |
1.00 |
10.40 |
17.70 |
- |
0.29 |
0.46 |
11.11 |
616.05 |
lower zone |
74.40 |
76.61 |
2.21 |
2.55 |
583.05 |
10.62 |
- |
- |
34.51 |
1913.97 |
including |
76.00 |
76.61 |
0.61 |
3.57 |
985.00 |
18.28 |
- |
- |
58.25 |
3230.30 |
THN13-122 |
40.00 |
50.00 |
10.00 |
1.21 |
31.06 |
- |
- |
0.13 |
2.02 |
112.14 |
including |
42.00 |
44.00 |
2.00 |
3.64 |
98.35 |
0.12 |
- |
- |
5.68 |
314.86 |
OBAN ZONE PHASE TWO 2013:
Three holes were drilled at the Oban Zone to further define the
southern and eastern boundaries of the mineralization. Drill hole
THN13-119 was drilled at an elevation of 929 metres, azimuth of 350
degrees, a dip of -80 degrees and to a depth of 383.13 metres. Hole
119 had a nearly continuous mineralized section from 200.52 -
383.13 metres (with the exception of a 9.00 metre section at
294-303 metres). The significance of hole 119 is that it ended in
and extended the high-grade mineralization by approximately 60
metres in depth. As tabled below the best interval in hole 119 was
7.79 metres of 274 g/t AgEq (130.30 g/t Ag, 1.37 g/t Au 1.37% Zn
and 0.67% Pb) within a 93.48 metre interval of 94.45 g/t AgEq.
Hole ID |
From |
To |
Interval |
Gold |
Silver |
Copper |
Lead |
Zinc |
AuEq |
AgEq |
|
(metre) |
(metre) |
(metre) |
g/t |
g/t |
% |
% |
% |
g/t |
g/t |
THN13-119 |
200.52 |
294.00 |
93.48 |
0.39 |
41.80 |
- |
0.33 |
0.59 |
1.70 |
94.45 |
including |
237.00 |
273.00 |
36.00 |
0.75 |
80.69 |
- |
0.59 |
0.80 |
3.00 |
166.21 |
including |
255.21 |
263.00 |
7.79 |
1.37 |
130.30 |
- |
0.67 |
1.37 |
4.94 |
274.70 |
|
303.00 |
383.13 |
80.13 |
0.34 |
10.19 |
0.19 |
- |
0.10 |
0.97 |
53.59 |
including |
303.00 |
304.00 |
1.00 |
0.27 |
56.70 |
3.59 |
0.14 |
0.29 |
8.73 |
484.03 |
Oban zone holes THN13-116 and 117 were drilled from the same pad
as hole THN13-89 (azimuth of 170 degrees and -65 degrees dip which
returned 25 metres of 227 g/t AgEq within 113 metres of 81 g/t AgEq
from 38 metres depth). THN13-116 was drilled as a vertical hole to
a depth of 202.39 metres and returned 7.00 metres of 92.27 g/t AgEq
within 61.00 metres of 37.10 g/t AgEq from 139 metres depth. Hole
THN13-117 was drilled at an azimuth of 230 degrees with a dip of
-75 to a depth of 156.97 metres. Oban mineralization remains open
to west. See plan map for drill site locations and table below for
details.
Hole ID |
From |
To |
Interval |
Gold |
Silver |
Copper |
Lead |
Zinc |
AuEq |
AgEq |
|
(metre) |
(metre) |
(metre) |
g/t |
g/t |
% |
% |
% |
g/t |
g/t |
THN13-116 |
139.00 |
200.00 |
61.00 |
0.25 |
11.03 |
- |
- |
0.30 |
0.67 |
37.10 |
including |
170.00 |
177.00 |
7.00 |
0.78 |
24.41 |
- |
0.21 |
0.49 |
1.66 |
92.27 |
THN13-117 |
45.00 |
52.00 |
7.00 |
0.03 |
10.52 |
- |
0.12 |
0.30 |
0.43 |
24.03 |
TALSIKER ZONE PHASE TWO 2013:
Drill hole THN13-120 was drilled to test a structural control
theory for mineralization at the Talisker zone. THN13-120 was
drilled at 946 metres elevation, an azimuth of 325 degrees and a
dip of -65 to a depth of 346.84 metres. See table below for
results. This hole encountered several intervals of diatreme
breccia and rock flour with alteration similar to the Oban zone
located one kilometre to the south. Management believes that this
zone may represent a boundary to a second diatreme-breccia body on
the property.
Hole ID |
From |
To |
Interval |
Gold |
Silver |
Copper |
Lead |
Zinc |
AuEq |
AgEq |
|
(metre) |
(metre) |
(metre) |
g/t |
g/t |
% |
% |
% |
g/t |
g/t |
THN13-120 |
108.00 |
116.00 |
8.00 |
0.31 |
14.16 |
0.12 |
- |
0.20 |
0.95 |
52.47 |
including |
109.00 |
110.00 |
1.00 |
0.87 |
46.10 |
0.44 |
- |
- |
2.64 |
146.59 |
Drill hole THN13-118 was drilled to test the IP geophysical
anomaly 250 metres east of the OBAN zone. The mineralized interval
as seen below consists of a quartz-carbonate breccia.
Hole ID |
From |
To |
Interval |
Gold |
Silver |
Copper |
Lead |
Zinc |
AuEq |
AgEq |
|
(metre) |
(metre) |
(metre) |
g/t |
g/t |
% |
% |
% |
g/t |
g/t |
THN13-118 |
96.35 |
97.31 |
0.96 |
2.15 |
14.60 |
- |
- |
- |
2.46 |
136.55 |
|
102.38 |
117.70 |
15.32 |
0.25 |
1.73 |
- |
- |
- |
0.29 |
16.16 |
Mr. Sorin Posescu, P.Geo., VP Geology, is a Qualified Person as
defined under National Instrument 43-101 standards and has reviewed
and approved this news release.
Quality Assurance & Quality Control
Mr. Sorin Posescu, P.Geo., VP Geology prepared a QAQC protocol
for the Company and oversaw sampling procedures. Ms. Caroline
Vallat, P.Geo., from GeoSpark Consulting Inc. conducted an
independent QAQC review which returned overall strong accuracy and
precission of the analytical results. Sealed samples were shipped
by the Company geologists to Acme Labs preparation lab in
Whitehorse, Yukon. Acme Labs are registered to ISO 9001:2008
accreditation for laboratory procedures. For every batch of 20
samples there were inserted three quality control samples (one
blank, one duplicate and one standard). Analysis for gold was done
by Fire Assay with AA finish. All other elements were analyzed by
Aqua Regia Digestion with 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 Digestion with
AA finish. High-grade copper overlimits were analyzed by Classical
Titration. A copy of the QAQC protocols can be viewed at the
Company's website. Brixton will also be submitting check samples to
an independent check assay lab.
Silver equivalent (AgEq) values were calculated using $1,088 per
ounce of gold, $19.62 per ounce of silver, $3.20 per pound for
copper, $0.80 per pound of lead, $0.80 per pound of zinc, all with
100% metal recoveries assumed.
All reported assays are uncut weighted averages. The true width
of reported mineralization is unknown at this time.
AgEq = Ag g/t + (Au g/t x 34.98/0.63) + (Pb% x 17.64/0.63) +
(Zn% x 17.64/0.63) + (Cu% x 70.55/0.63)
About Brixton Metals and its Thorn Project
Brixton Metals is an exploration company focused on the
advancement of high-grade precious metal assets to feasibility. The
primary focus at the 100 percent owned Thorn project is high-grade
silver-gold-lead-zinc-bearing diatreme-breccia zones and high-grade
gold-silver-copper veins. Secondary targets include porphyry,
skarn, replacement, and bulk tonnage gold targets. The Thorn
project covers a Jurassic to Cretaceous volcanoplutonic complex
that shares similarities with other high-low sulphidation deposits
around the world such as Lepanto-FSE in the Philippines, Penasquito
in Mexico and El Indio in Chile. The 27,000-hectare Thorn Project
is located in the Sutlahine River area of Northwestern British
Columbia, Canada, approximately 95 km 95 km ENE from the Juneau,
AK.
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, or other similar expressions. All statements, other than
statements of historical fact, included herein
including, without limitation, statements regarding the proposed
exploration, sampling and drilling at Thorn and statements
concerning the anticipated results of such exploration work,
without limitation 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 TSX-V 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 CorporationMr. Gary R. ThompsonChairman and
CEO604-630-9707www.brixtonmetals.com
Brixton Metals (TSXV:BBB)
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