October 18, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce the completion of its drilling program and provide complete assay results from the drill holes at its wholly owned Langis silver project located in Ontario, Canada. Brixton has drilled 15 holes for a total of 3,170 metres designed to confirm historic drill results and test new targets at the past producing site. Brixton also completed 720 kilometres of a combined airborne (Quadra-Mag) high resolution magnetics and (VLF-EM) very low-frequency electromagnetic survey. The work was conducted over the Langis, Hudson Bay and Cobalt lands held by Brixton. The ultra-wide horizontal and vertical gradient allow mapping of subtle changes in rock properties in an attempt to map mineralized veins and their structural controls.
Drill hole LM-16-04 intersected 2.00 metres of 1,084.00 g/t Ag from 182.50 metres hole depth, including 1.00 metre of 1,560.00 g/t Ag. Mineralization is hosted in Coleman Member sediments. LM-16-11 intersected 2.10 metres of 360.00 g/t Ag and it was drilled 165.00 metres southeast of drill hole LM-16-03 which intersected 1,944.60 g/t Ag over 3.13 metres.
Please see link to the drill hole plan map.
Please see link to cross-section A.
Please see link to cross-section B.
Chairman and CEO of Brixton, Gary R. Thompson stated, “This first phase of drilling was successful in recovering very high grade silver and previously unrecognized high grade gold in and around the old workings. We are encouraged by the grade of the intercepts to date and are making plans for further drilling in the area with a goal to define a maiden resource.”
Table of Complete Assay Results
|Drill hole ID||From (m)||To (m)||Interval (m)||Weighted Average Au (g/t)||Weighted Average Ag g/t||Comments|
|LM-16-01||0||153.76||Results released on August 11, 2016|
|LM-16-02||0||168.83||No significant results|
|LM-16-03||156.05||160.20||4.15||4.90||397.00||Results released on August 11, 2016|
|including||158.20||158.42||0.22||74.9||5236.40||Results released on August 11, 2016|
|LM-16-03||179.41||182.54||3.13||-||1944.60||Results released on August 11, 2016|
|including||179.41||180.61||1.2||-||3527.50||Results released on August 11, 2016|
|including||181.88||182.08||0.2||-||6350.00||Results released on August 11, 2016|
|LM-16-05||0||148.93||Encountered an underground opening|
|LM-16-06||0||200.39||No significant results|
|LM-16-07||0||160.87||160.87||Encountered an underground opening|
|LM-16-08||0||359.06||No significant results|
|LM-16-12||0||257.71||No significant results|
True widths are unknown at this time, however they are likely less than the drilled intercepts reported as the veins are known to be moderate to steeply dipping.
Quality Assurance & Quality Control
Ms. Caroline Vallat, P.Geo., from GeoSpark Consulting Inc. conducted an independent QAQC review which returned overall strong accuracy and precision of the analytical results.
Sealed samples were shipped by the Company geologists to ALS Minerals preparation lab in Sudbury, Ontario. 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 and Aqua Regia Digestion with ICPMS finish. All other elements were analyzed by Aqua Regia Digest with ICP-AES/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 Digest and AA finish. A copy of the QAQC protocol consistent with industry best practices can be viewed at the Company’s website. All reported assays are uncut weighted averages. The company is planning to run approximately 5% check assays with a secondary laboratory.
Further planned work includes 36 kilometres of IP geophysical survey at Langis and further drilling at Langis and Hudson Bay projects. The digitization of historical work is ongoing on both Langis and Hudson Bay mines.
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 is an exploration company focused on the advancement of its gold and silver projects toward feasibility.
The wholly owned Langis project and lands in the Cobalt Camp is 3,300 hectares in size. The project is located 500 km north of Toronto, Canada. The high-grade silver mineralization occurs as steeply-moderately dipping veins within any of the three main rock types; Archean volcanics, Coleman Member sediments and Nipissing diabase. The Silver-Cobalt camp historically produced over 500 million ounces of silver. Brixton holds two past producing silver mines. The Langis mine which produced 10.4Moz Ag at 25 oz/t Ag and 358,340 pounds of cobalt from 418,305 short tons mined and the Hudson Bay mine which produced 6.4 Moz of Ag at 123 oz/t Ag.
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 Triassic to Cretaceous volcano-plutonic complex with many styles of mineralization related to porphyry and epithermal environments. Targets include sediment hosted Au-Ag, Ag-Au-Pb-Zn diatreme-breccia, Au-Ag-Cu veins; and volcanic hosted structurally controlled high-grade Au-Ag.
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
Tel: 604-630-9707 or email: email@example.com
Information Sources: Cobalt Museum Thompson 2015; Technical Report on the Langis Project by Dale R. Alexander, P.Geo, May 17, 2013; Approved Filing Statement for Everfront Ventures Corp July 31, 2013; Annual Report, Agnico Eagle Mines 1987; Interim Report, Agnico Eagle Mines Q2-1986; Agnico Eagle Mines, Langis Mine-New Mine Site, Plan & Section 1987.
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, 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 exploration potential of the Langis property based on historical information resources estimates on the Thorn Project 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 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.