VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce its 2019 exploration plans at its wholly owned Thorn project, which will focus on two large scale copper porphyry targets on the property.
Phase 1 Highlights
- Planned phase one drilling of a 1,000 metre hole at the Oban diatreme breccia, which is part of the Camp Creek copper corridor where hole 85 returned 30 metres of 1.18 percent copper and hole 119 ended in 0.53 percent copper at 383 metres depth, see Figure 1. True width of the above copper mineralization intervals is unknown at this time.
- The Camp Creek copper corridor trends northeast for 1.5 kilometres (Oban to Glenfiddich zones) and represents a high-level, high sulphidation mineralized system interpreted to be indicative of a blind porphyry. Surface rock chip and grab samples from the Camp Creek trend have returned copper grades up to 32.6 percent, see Figure 2. These are select samples and are not representative of the mineralization hosted on the property.
Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “We are excited to be drilling at Thorn this season and now with a copper porphyry focus we believe that we can start to unlock the potential of the district scale property. Phase one drilling is anticipated to begin early June and it should take about 2 weeks to complete the deep core hole. Upon completion of the deep hole at the Oban diatreme we plan to shift our focus to drilling at the Atlin Goldfields project while we await assay results from Thorn. Subject to additional funding, we plan to drill five to eight holes on the Chivas copper porphyry target at Thorn to depths of 300 to 500 metres.”
Phase 2 Highlights
- The proposed phase two drilling will focus on the Chivas copper porphyry target which has the following characteristics:
- a potential target for tier one metal endowment;
- a greater than 5 square kilometer Cu-Au-Mo-in-soil anomaly see Figures 4, 5 and 6;
- metal ratios of molybdenum to arsenic and silver to gold in soils and rocks that show patterns which are consistent with known porphyry systems;
- porphyry style veins and alteration which were intersected in 2017 drilling;
- increased chalcopyrite to pyrite ratio vectors to the Chivas porphyry.
- a potential target for tier one metal endowment;
In addition, during the 2018 field mapping and geochemical sampling program, three grab samples collected have returned gold values of 9.27 g/t Au, 12.55 g/t Au and 39.4 g/t Au. These are select samples and are not representative of the mineralization hosted on the property. See figure 6 below for the location of the samples
Mr. Sorin Posescu, 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 a Canadian exploration and development company focused on the advancement of its projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver project and the Atlin Goldfields project located in NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. The Company is actively seeking JV partners to advance one or more of its projects. For more information about Brixton please visit our website at www.brixtonmetals.com.
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Mr. Gary R. Thompson, Chairman and CEO
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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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