Vancouver, British Columbia, July 18, 2012 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton“) is pleased to announce the completion of the phase one, 2012 drill program at its polymetallic Thorn Ag, Au, Pb, Zn, Cu project located in Northwestern British Columbia.
Exploration drilling was focused at the porphyry related Oban Breccia Zone. The phase one, 2012 program included 13 NQ size core holes ranging in depth from 30m to 153m, for a total of 1,151m. The objectives of this program were to confirm the results from hole THN11-60 which returned 95.08m of 904g/t AgEq (1.71g/t Au, 628.30g/t Ag, 3.31% Pb and 2.39% Zn, 0.12% Cu) and to obtain further information regarding the mineralization, geometry, true width and extent potential.
All core holes from the phase one, 2012 program encountered mineralization described as phases of up to semi-massive sulphides and sulphosalts as breccia matrix infill mixed between fragments of disseminated and veinlet to crackle breccia style mineralization. The dominant minerals are pyrite, tetrahedrite, sulphosalt, sphalerite with lesser galena and chalcopyrite. Within the breccia matrix infill these minerals form layered rims around breccia fragments and are variably mixed. Assay results are pending and shall be released upon receipt within the coming weeks.
Gary R. Thompson, P.Geo., has reviewed the contents of this news release and is a Qualified Person as defined by NI-43-101.
About Brixton Metals Corporation
Brixton is an exploration company engaged in the acquisition and exploration of precious and base metal assets and advancing them to feasibility. Brixton’s Thorn Project is centered on high grade silver-gold-copper-lead-zinc-bearing breccia zone, high-grade veins and porphyry targets. The Thorn property is located in Northwestern British Columbia, Canada, about 50 km from the past producing Golden Bear Mine and 130 km southwest from the village of Atlin. 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,
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, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the planned exploration programs and uncertainties related to the outcome of exploration programs, 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; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Excelsior 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.
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.