VANCOUVER, BC, August 17, 2011 – Brixton Metals Corporation (TSX-V: BBB) (the “Company” or “Brixton”) is pleased to announce assay results from three Talisker Zone holes of the proposed 25 hole drill program at its Thorn gold-silver-copper project located in Northwest British Columbia. Significantly, these early results increase the drilled strike length of the Talisker Zone mineralization from 200 to 400 m. The Talisker Zone remains open along strike and depth.
Mr. Gary R. Thompson, Chairman & CEO stated, “This is a very promising start to the 2011 program. Recent mapping and fieldwork has identified new targets and advanced historical concepts of known vein corridors at the Thorn Property. Drilling continues to test new targets and further our understanding of known mineralized zones. We are all encouraged to see the continuity of gold-silver-copper mineralization and extension of the Talisker Zone by 200 meters
Drill hole THN11-41 was drilled at the Talisker Zone as a 56 m step-out on strike to the northeast from 2005 hole THN05-37.Hole THN11-41 intersected 2.47 g/t AuEq over 10.15 m including 4.69 g/t AuEq over 3.95 m and 6.28 g/t AuEq over 1.04 m.
Drill hole THN11-42 was collared as a 200 m step-out to the northeast from historical hole THN05-37. This hole intersected 9.90 g/t AuEq over 3.00 m from 81.24 m and also intersected 1.33 g/t AuEq over 34.82 m from a lower mineralized interval starting from 117.82 m including 3.43 g/t AuEq over 2.68 m and 4.17 g/t AuEq over 1.0 m.
Drill hole THN11-43 was collared 30 m to the southwest from historic hole TH05-36 and cut 1.88 g/t AuEq over 2.91 m from 141.91 m. See table below for drill results.
Talisker Zone Drilling Results 2011
| Hole ID |
From m |
To m |
Interval m |
AuEq g/t |
Au g/t |
Ag g/t |
Cu % |
| THN11-41 |
72.93 |
83.08 |
10.15 |
2.47 |
1.71 |
37.7 |
0.04 |
| including |
77.07 |
81.02 |
3.95 |
4.69 |
3.49 |
62.0 |
0.04 |
| including |
79.98 |
81.02 |
1.04 |
6.28 |
5.91 |
15.4 |
0.04 |
| THN11-42 |
81.24 |
88.39 |
7.15 |
4.45 |
0.89 |
60.5 |
1.22 |
| including |
81.24 |
84.24 |
3.00 |
9.90 |
1.72 |
136.1 |
2.84 |
| THN11-42 |
117.82 |
152.64 |
34.82 |
1.33 |
0.63 |
22.4 |
0.14 |
| including |
135.96 |
138.64 |
2.68 |
3.43 |
1.93 |
42.5 |
0.36 |
| including |
151.64 |
152.64 |
1.00 |
4.17 |
2.93 |
31.2 |
0.33 |
| THN11-43 |
141.91 |
144.82 |
2.91 |
1.88 |
0.43 |
18.3 |
0.55 |
True widths are estimated to be 80% of drilling widths (interval).
Talisker Zone Historical Drilling Results
| Hole ID |
From m |
To m |
Interval m |
AuEq g/t |
Au g/t |
Ag g/t |
Cu % |
| TH04-29 |
21.8 |
77.9 |
56.1 |
1.95 |
1.27 |
16.7 |
0.19 |
| including |
27.18 |
62.5 |
35.32 |
2.49 |
1.66 |
20.5 |
0.23 |
| including |
51 |
54.55 |
3.55 |
6.97 |
4.48 |
65.3 |
0.65 |
| TH05-36 |
49.83 |
55.42 |
5.59 |
1.11 |
0.71 |
9.84 |
0.11 |
| TH05-36 |
110.25 |
115.45 |
5.2 |
2.13 |
0.55 |
19.53 |
0.61 |
| TH05-37 |
3.05 |
8.23 |
5.18 |
1.55 |
1.53 |
1.35 |
– |
| TH05-37 |
47.33 |
51.53 |
4.2 |
17.75 |
4.44 |
407.9 |
2.95 |
True widths are estimated to be 80% of drilling widths (interval).
Gold Equivalent (AuEq) numbers were calculated using a 200 week average for metal prices which at the time of this news release equal $1088 per ounce of gold, $19.62 per ounce of silver and $3.20 per pound of copper.
AuEq = Au g/t + (Cu% x 70.55/34.58) + (Ag g/t x 0.63/34.58)
Darcy Baker, P. Geo., of Equity Exploration Consultants Ltd., is the Qualified Person as defined under NI 43-101 standards and has reviewed and approved this News Release.
Quality Assurance & Quality Control
The Thorn Project is managed by Equity Exploration Consultants Ltd. Stewart Harris, P.Geo., is Equity’s in-house QAQC expert who conducted a detailed QAQC analysis of the data.
Drill core samples were packed into rice sacks and sealed with uniquely-numbered straps to deter and identify evidence of tampering. Rice sacks were shipped via Small’s Expediting to the ALS Laboratory Group (ALS) preparation lab in Whitehorse, YT which has been certified compliant with ISO9001:2008 requirements.
There is no evidence of tampering with the samples between collection and the laboratory.
All standards fell within control limits.
About The Thorn Project
The 19,000-hectare Thorn Property is located 50 km northwest of the Golden Bear Mine road in the Sutlahine River area of Northwest British Columbia. Thorn shares many similarities with other high grade, high sulphidation metal deposits around the world including La Bodega in Colombia, Lepanto in the Philippines and El Indio in Chile.
Brixton has an option agreement with Kiska Metals for the Thorn property whereby Brixton may earn 51% interest by:
- Making cash payments of $200,000
- issuing 400,000 shares
- conducting $5M in exploration over 4 years
Upon earn in, Kiska may elect to form a 49/51, Kiska/Brixton Joint Venture (“JV”). If Kiska elects not to JV then Brixton may earn to 65% by spending an additional $10M in exploration.
About Brixton Metals
Brixton is a Vancouver based mineral exploration company engaged in the acquisition and exploration of precious metal assets. Brixton’s management is focused on advancing large-scale deposits to feasibility. Brixton’s portfolio is comprised of two properties: Thorn (BC), and Kahilt (Alaska). The Thorn property is a high-grade gold-silver-copper project located 50 kilometers from the past producing Golden Bear Mine in Northwest BC. The Kahilt Project is a gold-copper porphyry target located in the Kahiltna Terrane of Alaska. The Kahiltna Terrane hosts the giant Pebble gold-copper deposit of Anglo-American and Northern Dynasty. Brixton’s Kahilt Project is adjacent to the Whistler gold-copper deposit being developed by Kiska Metals, and the Estelle gold property being explored in joint venture by Millrock Resources with Teck American Incorporated. Brixton Metals trades on the TSX-V under 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, P.Geo, Chairman and CEO
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forwardlooking 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 about the interpretation of drill results and the exercise of the Thorn option agreement 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.
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.
For further information:
For more information about Brixton please visit our website at www.brixtonmetals.com.
Peter Oates, Investor Relations Manager Brixton Metals Corp.
(604) 630 9707
peter.oates@brixtonmetals.com