August 11, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to provide results from the first 3 drill holes at its wholly owned Langis silver project located in Ontario, Canada. Brixton has drilled 10 holes so far of its confirmation drilling and brown fields exploration program at the past producer.
Drill hole LM16-03 encountered a series parallel veins and something not previously reported in the area “high-grade gold”. LM16-03 intercepted 4.15m of 4.90 g/t Au and 397.00 g/t Ag from 156.05m, including 74.90 g/t Au and 5,236.40 g/t Ag over 0.22m. Also, from 179.40m a 3.13m interval returned 1,944.60 g/t Ag including 1.20m of 3,527.50 g/t Ag. Both mineralized veins are hosted in Archean volcanic rocks below the Nipissing diabase sill. The gold zone appears to be associated with hematite.
Table of Results
|Number of Options||Exercise Price|
|35,000||$0.14||Apr 7, 2025|
|2,600,000||$0.70||Sept 12, 2026|
|1,325,000||$0.50||Apr 4, 2027|
LM-16-01 was ended when it encounter an underground opening at 156.73m. LM-16-02 was stopped short of its target depth mistakenly.
True widths are unknown at this time, however intervals can be assumed to be 10-30% less than the drilled intercept reported.
Please click on the following link to see the cross-section of the drill holes:
A plan map of the holes can be viewed here:
Chairman and CEO of Brixton, Gary R. Thompson stated, “The initial few holes drilled at Langis have been encouraging and we are glad to see gold in the system as well. As far as we can determine, gold was not analysed historically at the Langis mine. Brixton has drilled 10 holes for about 2,000 metres. Further drilling and an IP geophysical survey are planned.”
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. 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 AA 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 is an exploration company focused on the advancement of its gold and silver projects toward feasibility.
The 100% 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 Cobalt camp historically produced over 500 million ounces of silver with some reported assays reaching 255,146 g/t Ag or 9,000 oz/t Ag over 0.36 metres. Brixton holds 2 past producing silver mines. The Langis mine produced 10.4Moz Ag at 25 oz/t Ag and the Hudson Bay mine produced 6.4 MozAg at 123 oz/t Ag. The Langis project does not currently contain any mineral resources or mineral reserves.
The 28,000 hectare, 100% 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 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: firstname.lastname@example.org
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.