Brixton’s 26,000 hectare Thorn Property has the potential to host a high unit value polymetallic mineral deposit. Brixton’s exploration of Thorn is focused on a network of high sulphidation epithermal veins and breccia zones and shares many similarities with other high sulphidation epithermal gold, silver and copper deposits around the world, including Lepanto in the Philippines and El Indio in Chile.
Brixton Metals Corporation completed a transaction on February 26, 2013 to acquire a 100 percent interest in the Thorn property (the “Thorn Property”) from Rimfire Minerals Corporation (“Rimfire”) (the “Transaction”), a subsidiary of Kiska Metals Corporation (“Kiska”). Brixton paid Kiska $1.5 million in cash and issue 7,000,000 shares in its capital stock.
Thorn Property, Northern B.C.
Brixton Metals’ Thorn property is located 50km northwest from the past producing Golden Bear Mine within the Sutlahine River area of northwest British Columbia or 130km southwest from the village of Atlin, BC.
The earliest known work on the Thorn property was carried out by Kennco Explorations (Western) Limited in 1959 during a regional exploration program. Including work by Brixton a total 286 silts, 3,508 soils, 1,352 rocks, and 9 whole rocks samples were collected. Geophysical work included ground magnetics, IP, airborne VTEM, and magnetics. The 2011 drilling by Brixton (21 hole drill program consisting of 5,682.37m) brought the pre-2012 drilling to 12,086 m. This drilling was directed almost entirely at high-sulphidation vein targets and Breccia targets, with a special focus on the Oban and the Talisker Zones.
The geology of the Thorn project is a Cretaceseous aged porphyry complex. Several porphyry intrusive phases and related breccia zones outcrop on the property. In addition to the high-grade potential of the Thorn project, potential exists for large tonnage porphyry targets. The Oban Zone is located in the heart of a 6KM mineralized corridor.
A two phase, 26 hole drill program consisting of 2,889m was completed in 2012. This drilling was directed almost entirely at the Oban breccia zone, to follow up on the bonanza grade Silver discovery made in 2011, reported in January 2012. Hole THN11-60 returned 904g/t AgEq over 95m. A soil-rock geochem sampling and prospecting program was also completed in the Amarillo Creek area in an attempt to source the barite rich bolder that returned 265 g/t gold and 631 g/t silver. The 2012 drill program produced several incredible results including Hole THN12-84 which intercepted 123.00m of 402.52 g/t AgEq (190.68 g/t Ag, 1.19 g/t Au, 3.25% Zn, 1.74% Pb and 0.06% Cu) within broader intervals of 201.00m of 303.64 g/t AgEq and310.00m of 223.52 g/t AgEq