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Brixton Metals Drills 2.3 g/t AuEq over 257m, Including 10m of 13.5 AuEq (4.6 g/t Au, 248 g/t Ag, 0.4% Cu, 8% Zn+Pb) at its Thorn Project

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VANCOUVER, British Columbia, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV:BBB) (OTCQB:BBBXF) (the "Company" or "Brixton") is pleased to announce initial and preliminary results from its phase two exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia.  Brixton completed 3 lines for a total of 9.1 line km of Titan24 DCIP-MT (induced polarization-magnetotelluric) geophysical survey across the Camp Creek Copper Corridor. The 2019 phase two drilling consisted of a total of 7,213m within 13 holes. The depths of the holes varied from 308m to 862m. Two core holes were drilled at the Outlaw sediment hosted gold-silver zone (assays pending), six core holes were drilled at the Chivas Porphyry target, four holes were drilled at the Camp Creek Copper Corridor target (Oban diatreme breccia pipe and Glenfiddich Zone - two holes have assays pending and holes 151 and 153 are released herewith) and one hole at the Talisker Zone. The combined phase one and phase two drilling at the Thorn Project for 2019 is 8,042m.

Highlights and Key Findings

  • Drilling of hole 151 and 153 was from drill pad 150 which has extended the Oban Zone polymetallic mineralization:

    °  THN19-151 returned 256.87m of 0.61 g/t Au, 50.18 g/t Ag, 1.20% Zn, 0.41% Pb or 2.31 g/t AuEq over 256.87m

    °  
    Including 24.40m of 2.42 g/t Au, 128.22 g/t Ag, 3.05% Zn, 1.02% Pb or 6.91 g/t AuEq over 24.40m

    °  
    Including 10.00m of 4.60 g/t Au  248.12 g/t Ag, 0.42% Cu 6.11% Zn, 1.99% Pb or 13.47 g/t AuEq over 10.00m

    °  
    THN19-153 returned 87.27m of 0.19 g/t Au, 79.43 g/t Ag, 0.49% Zn, 0.26% Pb or 1.65 g/t AuEq over 87.27m.
     
  • The geophysical survey produced a chargeability high anomaly at the Oban Zone, which appears to form a northeast trend for 600m and remains open ended (see Figure 5 and Link to the preliminary 2D inversion results report below).
     
  • New and very large porphyry target areas were generated through the re-analysis of regional stream sediment geochemical data by the BC Geological Survey, resulting in new mineral claims being staked by Brixton (see Figures 6 and 7).

Chairman and CEO of Brixton Metals, Gary R. Thompson stated, "Brixton continues to unlock a mountain of value at the wholly owned Thorn Project in the prolific Golden Triangle of BC. The Camp Creek geophysical anomaly suggests that we have a large untested target to the northeast from the Oban Zone. Further geophysical survey lines are planned for next season to map the extent of the anomaly."

Table 1. Composite Assays for THN19-151

HOLE From To Interval Au Ag Cu Pb Zn AuEq
ID (m) (m) (m) g/t g/t  %  %  % g/t
THN19-151 100.18 357.05 256.87 0.61 50.18 0.04 0.41 1.20 2.31
including 120.18 144.58 24.40 2.42 128.22 0.21 1.02 3.05 6.91
and including 123.32 133.32 10.00 4.60 248.12 0.42 1.99 6.11 13.47
including 156.91 270.72 113.81 0.60 75.23 0.03 0.51 1.46 2.83
and including 179.68 211.68 32.00 0.74 120.58 0.04 0.81 2.92 4.68


Table 2. Composite Assays for THN19-153

HOLE From To Interval Au Ag Cu Pb Zn AuEq
ID (m) (m) (m) g/t g/t  %  %  % g/t
THN19-153 46.12 133.39 87.27 0.19 79.43 0.01 0.26 0.49 1.65
and including 73.26 81.26 8.00 0.34 139.25 0.02 0.17 0.47 2.49
THN19-153 199.39 265.44 66.05 0.04 23.16 0.01 0.16 0.43 0.70
including 199.39 203.44 4.05 0.11 194.79 0.01 1.42 1.03 3.93
THN19-153 455.24 472.22 16.98 0.03 19.73 0.29 0.16 0.30 1.00
including 457.24 463.24 6.00 0.05 41.75 0.67 0.27 0.59 2.13

All reported assays are uncut weighted averages and represent drilled core lengths. The true width of reported mineralization is unknown at this time. Gold Equivalent values (AuEq) were calculated using the formula AuEq = ($1,250.00 x Au g/t ÷ 31.10 + $15.40 x Ag g/t ÷ 31.10 + $2.80 x % Cu ÷ 100 x 2204.63 + $0.90 x % Pb ÷ 100 x 2204.63 + $1.25 x % Zn ÷ 100 x 2204.63) ÷ $1,250 x 31.10 This method assumes full metal recoveries as metallurgical work has not been conducted.

Click here for Figure 1. Plan Map of the Camp Creek Corridor Drill Hole Locations and Geophysical Anomaly.

Click link for Figure 2. Cross Section Camp Creek and Hole THN19-151 and THN19-153.

Click link for Figure 3. THN19-151 HQ core from 142.19m depth, matrix filled pyrite-sulphosalts-sphalerite.

Click link for Figure 4. THN19-151 HQ core from 127.23m to 133.74m matrix filled pyrite-sulphosalts-sphalerite which returned 10.00m of 4.60 g/t Au, 248.12 g/t Ag, 0.42% Cu 6.11% Zn, 1.99% Pb from 123.32m.

Table 3: THN19-151-153 Collar Information.

Hole Number Azimuth (degrees) Dip (degrees) Length Elevation UTM East UTM North Core Size
THN19-151 170 -80 475 922 628791 6491896 HQ
THN19-153 300 -65 724 922 628788 6491896 HQ

Hole THN19-151 was drilled to a depth of 475 metres and hole 153 was drilled to a depth of 724m. Both holes were drilled at the Oban diatreme breccia pipe and were designed as a follow up of hole 150 and to test for the extent of the mineralization in southeast and northwest directions (see Company's news release dated July 15, 2019 for analytical results in hole 150).

The mineralization in drill holes THN19-151 and 153 occurs as phases of sulphides and sulphosalts cementing the breccia matrix. Mineralization also occurs as disseminations, veinlets and cement to crackle style breccia. The dominant minerals are pyrite, tetrahedrite, sulphosalts, sphalerite, galena and chalcopyrite. Within the breccia matrix, these infill minerals form layered rims around breccia fragments.

Geophysical Survey over Camp Creek Thorn Project

Brixton contracted Quantec Geoscience Ltd to conduct a TITIAN 24 DCIP & MT Survey centered over Camp Creek. The IP array was Dipole-Dipole with 100m stations and 100m Dipole size. The lines were oriented at 320 degrees and were 300m apart. Three of the six lines were completed for a total of 9.1 line kilometres. However, due to the early snowfall in October, the balance of the geophysical survey was postponed until the summer of 2020.

Click here for link to TITAN 24 DCIP-MT Preliminary 2D inversion results report

Highlights from the Preliminary Report

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