November 16, 2020 – Brixton Metals Corporation (“Brixton” or the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce high-grade gold, silver and copper content in 17 in place outcrop rock samples collected at and west of the recently acquired Trapper Target on its vast 2,594 square kilometer Thorn Cu-Au-Ag Project.
Highlights from Prospecting
- Five rock samples greater than 20 g/t gold
- Three rock samples greater than 1 oz/t gold, including a 1.5 oz/t Au sample (47.0 g/t Au)
- Sample Y642277 returned 31.9 g/t Au, 1490.0 g/t Ag, 5.6% Pb, 3.7% Zn, 0.1% Cu
- Three samples greater than 1% copper, including one greater than 5% copper in a new area
Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “The Trapper Target was acquired earlier this year from Kodiak Copper for cash and share consideration of C$1 million, whom had drilled the target in 2011 with some very encouraging results. Several days of prospecting in the area have returned exciting new high-grade results. Further geochemical sampling, geological mapping and drilling will be the priorities during the next season’s exploration program.
Table 1. A Summary of the 17 High Grade Rock Samples Collected at Trapper.
In addition to the high-grades that were pulled from the Trapper Target, an important new area of interest was identified through prospecting located about 3km west-southwest from the Trapper Target seen in Map B below. Rock sample Y642124 returned 5.2% Cu, 1.1 g/t Au, 30.9 g/t Ag, see Figure 5 below for further details.
Figure 1. General Location Map of Samples Collected from this Batch of 17 Rock Samples.
The Trapper Gold trend is a 5.5 km long NW striking zone that consists of highly altered volcanic sequences with quartz stockwork-brecciation and visible sulphide mineralization.
Figure 2. The Trapper Gold Zone with 2020 Gold-in-Rock Geochemical Results.
Figure 3. Detailed Insert Map of Recent High-Grade Gold Sample Location (blue rectangle).
Figure 4. Rock outcrop sample Y642280 returned 47 g/t Au, 127 g/t Ag, 0.19% Cu, 8.2% Pb+Zn, pyrite-pyrrhotite-arsenopyrite and other pictures of the sampled area (Trapper Gold Zone).
Figure 5. Rock sample Y642124 returned 5.2% Cu, 1.1 g/t Au, 30.9 g/t Ag (new area of interest).
During the 2020 exploration program at Thorn, Brixton completed a total of 5,291.99m of core drilling of which, 2,788.55m over 16 holes were drilled at the Outlaw gold target and 2,503.44m over 3 holes were drilled at the Camp Creek porphyry target (assay results pending). The property-wide geochemical survey at the Thorn Project includes 5,418 soil and 1,282 rock samples.
Figures 6 and 7 represent the latest version of the Thorn Project gold and copper geochemical anomaly maps, both highlighting a 75 km long copper-gold anomalous trend.
Figure 6. Gold Geochemical Anomalies Map at the Thorn Project.
While the Company has some rock sample results still pending, these maps represent a geochemical compilation totalling 6,600 rock, 25,000 soil and 2,500 stream sediment samples collected throughout the Thorn property of anomalous values.
Figure 7. Copper Geochemical Anomalies Map at the Thorn Project.
Mr. Antonio Celis, MSc., P.Geo., who is a qualified person as defined by National Instrument 43-101, reviewed and approved the information in this press release.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields Projects located in NWBC with a combined total of 3600sqkm of mineral tenure, the past producing Langis-HudBay silver-cobalt brownfield projects in Ontario and the past producing advanced stage Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB and in the USA OTCQB market under the ticker symbol BBBXF. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations please contact Mitchell Smith, VP of Investor Relations
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com
Cautionary Note
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 use of proceeds, the closing date of the Private Placement, the expenditures and cash payments to be made by HPX and the negotiation and execution of definitive agreements by HPX and Brixton are forward looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties which may cause our actual results, performance or achievements 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 Exchange 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 statement.