VANCOUVER, BC, September 6, 2011 – Brixton Metals Corporation (TSX-V: BBB) (the “Company” or “Brixton”) announces an update on the current exploration programs for both its Thorn Property in North Western B.C. and its Kahilt Property in Alaska.
Of the 2011 25-hole drill program at its Thorn gold-silver-copper project located in Northwest British Columbia, a total of 12 holes for 3,525 meters have now been completed with mineralization observed in every hole. Drill holes THN-44, 45, 46, and 47 are pending final assays and QAQC which should be available by the second week of September. Prospecting on the northern portion of the property has identified two new targets. The first target displays classic quartz flooded epithermal textures hosted in altered volcanic rocks. This area returned up to 383 ppb of gold from previous soil sampling and up to 1.4 g/t of gold from a rock-float sample. Additional prospecting, soil sampling and mapping are planned to identify drill targets. The second new zone, which is within a large gossanous bowl further north, was identified as a series of quartz veins 5 to 30 meters wide and undetermined length with disseminated and fractured filled sulphides. Assays are pending.
Exploration in the Kahilt region of Alaska was completed September 1, 2011.The program consisted of mainly rock samples and to a lesser extent soil and stream sediment geochemical sampling for a total of 201 samples. Work was conducted on both the Cristo and A-B claim blocks. Focus was on the Monte Cristo gold target within the Cristo claim block. The Monte Cristo showing consists of several outcrops of well exposed, intensely fractured, sheared and iron-carbonate altered volcanic and intrusive rocks. Continuous composite rock and talus fines were collected from the base of the outcrop for several hundred meters at two locations.Mineralization consists of fracture-filled and disseminated pyrite, pyrrhotite and lesser arsenopyrite ranging from 1% to 3% and locally up to 10%. Assays are pending. Previous reconnaissance rock sampling returned up to 4.2 g/t gold from rock grab samples in the Monte Cristo target area. Monte Cristo appears to be a structurally controlled and intrusion related gold system.
Brixton also announces that it has granted an aggregate of 1,400,000 incentive options (the “Options”), vesting over a one-year period, to purchase common shares of Brixton exercisable at a price of $0.11 per common share until ten years from the date of grant to directors, officers, employees and consultants of the Company.
The Options are granted pursuant to the Company’s stock option plan, which was approved by shareholders at the Company’s annual general meeting of shareholders held on May 27, 2011. The Company’s stock option plan and the grant of the Options is subject to the final approval by the TSX Venture Exchange.
For further information please call:
Peter Oates, Manager of Investor Relations on +1 604 630 9707