Brixton Metals Expands the Outlaw Sediment Hosted Gold Zone
Provides Summary of the 2016 Exploration Season at Thorn
VANCOUVER, BC--(Marketwired - November 24, 2016) - Brixton Metals Corp. (TSX VENTURE: BBB) (the "Company" or "Brixton") is pleased to announce that it has expanded the gold mineralization strike length at the Outlaw Zone and has now released the remaining results from the 2016 program on its Thorn Project located in Northwest British Columbia, Canada. The Company drilled five holes at the Outlaw Zone for a total of 1,190 metres and four holes at the Aberlour Zone for a total 455 metres for a sum of 1,645 metres.
Highlights from the 2016 Exploration Program at the Thorn Project:
- Near surface gold mineralization confirmed along a 450m strike length and remains open;
- The Outlaw Zone gold-in-soils and the sedimentary unit has a strike of greater than 5 km;
- Delineated a new large gold-in-soils anomaly and a corresponding near surface Induced Polarization chargeability high at the Chivas Zone;
- The Chivas Zone has a strike length of 3.5km and is up to 2km in width. It remains open ended based on the geochemical-geophysical surveys;
- The Chivas Zone soil geochemical sampling program returned up to 16.7 g/t Au.
To view a stacked image of geology, drilling, and geochemistry, click this link:
http://brixtonmetals.com/cn/wp-content/uploads/2013/08/Outlaw-stacked-view-N2016.jpg
Chairman and CEO of Brixton, Gary R. Thompson stated, "The 2016 exploration work at Thorn was successful in expanding the near surface gold mineralization at the Outlaw Gold Zone, which appears to have significant scale potential. In addition the delineation of a new 7 square kilometre gold-in-soil anomaly associated with a near surface IP chargeability high anomaly at the Chivas Gold Zone represents an exciting drill target for 2017."
| Table of the 2016 Drilling Results: | ||||||||||||
| Drill Hole | Zone | From | To | Interval | Weighted Average | Weighted Average | ||||||
| ID | (m) | (m) | (m) | Au (g/t) | Ag (g/t) | |||||||
| THN16-131* | Outlaw | 0 | 121.00 | NA | NA | |||||||
| THN16-132* | Outlaw | 0 | 18.00 | 18.00 | 1.61 | 12.31 | ||||||
| including | Outlaw | 1.00 | 12.75 | 11.75 | 2.23 | 14.56 | ||||||
| THN16-132* | Outlaw | 78.00 | 130.00 | 52.00 | 0.94 | 5.95 | ||||||
| including | Outlaw | 120.00 | 130.00 | 10.00 | 3.61 | 23.75 | ||||||
| THN16-133* | Outlaw | 0 | 13.00 | 13.00 | 1.73 | 7.25 | ||||||
| including | Outlaw | 0 | 6.00 | 6.00 | 3.41 | 12.49 | ||||||
| THN16-133* | Outlaw | 105.66 | 129.90 | 24.24 | 0.45 | 1.33 | ||||||
| including | Outlaw | 116.60 | 122.30 | 5.70 | 1.13 | 2.38 | ||||||
| THN16-134 | Outlaw | 49.00 | 75.00 | 26.00 | 0.31 | NA | ||||||
| Outlaw | 83.00 | 148.60 | 65.60 | 0.63 | NA | |||||||
| including | Outlaw | 85.00 | 122.00 | 37.00 | 0.79 | NA | ||||||
| including | Outlaw | 103.00 | 122.00 | 19.00 | 1.02 | NA | ||||||
| THN16-135 | Outlaw | 41.50 | 96.00 | 54.50 | 0.35 | NA | ||||||
| including | Outlaw | 51.50 | 57.50 | 6.00 | 1.68 | NA | ||||||
| THN16-136 | Aberlour | 13.00 | 16.00 | 3.00 | 1.72 | NA | ||||||
| including | Aberlour | 15.00 | 16.00 | 1.00 | 4.42 | NA | ||||||
| THN16-137 | Aberlour | 22.50 | 24.00 | 1.50 | 0.58 | NA | ||||||
| THN16-138 | Aberlour | 30.00 | 31.00 | 1.00 | 0.91 | 10.00 | ||||||
| THN16-139 | Aberlour | 24.00 | 26.00 | 2.00 | 1.48 | NA | ||||||
| including | Aberlour | 25.00 | 25.45 | 0.45 | 5.50 | 33.00 | ||||||
| * results previously released October 31, 2016 |
Drill hole THN16-134 was collared 289 metres east from hole 132-133 and 130 meters east from drill hole 128 (59.65m of 1.14 g/t Au including 9.00m of 3.08 g/t Au). Hole 134 encountered two gold mineralized zones within sediments. The upper zone in hole 134 from 49 metres depth returned 0.31 g/t Au over 26 meters. The lower zone from 83 metres depth returned 0.63 g/t Au over 65.60 metres (including 19 m of 0.98 g/t Au). Drill hole THN16-135 was collared 740 metres east from hole 134. Hole 135 had a target depth of 500 metres however, encountered difficult ground conditions and was terminated at 195.07 meters depth, short of the target depth. Drill hole THN16-135 returned 6.00 metres of 1.68 g/t Au within 54.50 metres of 0.35 g/t Au. Mineralization is hosted within interbedded siltstone and greywacke. Primary sulphides are pyrrhotite and pyrite which occur as semi-massive to disseminated mineralization and veinlets.
Drill holes THN16-136 to 139 were drilled at the Aberlour Zone from the same pad where surface rock samples returned up to 57 g/t Au. Drill hole 136 at the Aberlour Zone returned 3 metres of 1.72 g/t Au including (4.42 g/t Au over 1.00m). Hole 139 returned 5.50 g/t Au over 0.45 metres (see table above).
To view the Aberlour drill location map, click this link:
http://brixtonmetals.com/cn/wp-content/uploads/2013/08/Aberlour-drill-map-N2016.jpg
Quality Assurance & Quality Control
Sealed samples were shipped by the Company geologists to ALS Minerals' preparation lab in Whitehorse, Yukon. 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. All other elements were analyzed by Aqua Regia Digest with ICP-AES 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 AES finish. A copy of the QAQC protocols can be viewed at the Company's website.
All reported assays are uncut weighted averages. The true width of reported mineralization is unknown at this time.
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 Metals is a Canadian exploration company focused on the advancement of its British Columbia and Ontario gold-silver projects toward feasibility.
Brixton wholly owns 2 past producers of high-grade silver within the Silver-Cobalt Camp of Ontario. The Langis mine produced 10.4Moz of silver at 25 oz/t Ag and 358,340 pounds of cobalt, the Hudson Bay mine produced 6.4Moz of silver at 123 oz/t. The projects are generally located 500 km north of Toronto, Canada. The high-grade silver mineralization occurs as moderate-steeply-dipping veins within any of the three main rock types; Archean volcanics, Coleman Member sediments and Nipissing diabase.
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 gold-silver trend associated with Triassic to Cretaceous volcano-plutonic complex. Many styles of mineralization have been identified related to porphyry and epithermal environments. Targets include high-grade gold-silver underground targets and large-scale open pit gold type targets.
Brixton Metals Corp. 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
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.
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.
Contact
Brixton Metals Corporation
Mr. Gary R. Thompson
Chairman and CEO
604-630-9707
info@brixtonmetals.com
www.brixtonmetals.com