January 9, 2014 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce drill results from its phase two 2013 exploration program at its 100 percent owned Thorn project. Brixton completed seven NQ sized core drill holes for a total of 1,461 metres within 4 separate areas of the property.
Phase Two 2013 Drill Results Highlights
- Glenfiddich Zone, New near surface high-grade, THN13-121 returned 2.20 metres of 1,914 g/t AgEq (583 g/t Ag, 10.6% Cu and 2.5 g/t Au) from 74.0 metres depth. In addition, a second zone in hole 121 from 25.0 metres depth returned 3.50 metres of 441.29 g/t AgEq within 16.00 metres of 173.70 g/t AgEq. The Glenfiddich zone is 1km WSW from the Oban zone.
- Oban Zone, Expanded at depth, THN13-119 returned 7.79 metres of 274.70 AgEq (130.30 g/t Ag, 1.37 g/t Au, 1.37% Zn and O.67% Pb) within a 93.48 metre interval of 94.45 g/t AgEq from 205.00 metres depth. THN13-119 ended in and extended the high-grade mineralization by approximately 60 metres in depth. The Oban mineralization remains open in several directions.
Core photo (Glenfiddich Zone, THN13-121):
Core photo (Oban Zone, THN13-119):
Drill location map for phase two: Thorn_Drilling_PlanMap_OBAN_V2
Drill cross cross-sections: Oban x-section Looking Northwest Au
Chairman and CEO of Brixton, Gary Thompson stated, “The recent drilling at Thorn continues to deliver near surface high grade mineralization”. Mr. Thompson further stated that “Brixton now has a strong shareholder base and with the completion of a number of recent financings we have proven our ability to raise capital in very challenging markets. The fact that we are entering 2014 with about $2.3 Million in working capital gives us confidence that we will advance the Thorn project this year and beyond. We thank our shareholders for their unwavering support and look forward to further exploration work on the Thorn project in 2014”.
GLENFIDDICH ZONE PHASE TWO 2013:
Drill holes THN13-121 and 122 were drilled to test a vuggy silica outcrop. Hole THN13-121 was drilled at an azimuth of 140 degrees with a dip of -45 degrees to a depth of 108.20 metres. Two styles of mineralization occur in hole 121. The upper near surface mineralization consists of quartz-pyrite breccia +- chalcopyrite starting at about 25 metres (previously known as B Zone) while the lower zone (new zone) cut a 2.21 metre interval which consists of massive tetrahedrite-pyrite with minor quartz from 74.40 metres depth. Hole THN13-122 was collared 140 metres northeast from hole 121. THN13-122 was drilled at an azimuth of 170 degrees with a dip of -50 degrees to a depth of 111.86 metres. The Glenfiddich zone remains open in the northeast-southwest direction and at depth. See table below, section and location maps for details.
OBAN ZONE PHASE TWO 2013:
Three holes were drilled at the Oban Zone to further define the southern and eastern boundaries of the mineralization. Drill hole THN13-119 was drilled at an elevation of 929 metres, azimuth of 350 degrees, a dip of -80 degrees and to a depth of 383.13 metres. Hole 119 had a nearly continuous mineralized section from 200.52 – 383.13 metres (with the exception of a 9.00 metre section at 294-303 metres). The significance of hole 119 is that it ended in and extended the high-grade mineralization by approximately 60 metres in depth. As tabled below the best interval in hole 119 was 7.79 metres of 274 g/t AgEq (130.30 g/t Ag, 1.37 g/t Au 1.37% Zn and 0.67% Pb) within a 93.48 metre interval of 94.45 g/t AgEq.
Oban zone holes THN13-116 and 117 were drilled from the same pad as hole THN13-89 (azimuth of 170 degrees and -65 degrees dip which returned 25 metres of 227 g/t AgEq within 113 metres of 81 g/t AgEq from 38 metres depth). THN13-116 was drilled as a vertical hole to a depth of 202.39 metres and returned 7.00 metres of 92.27 g/t AgEq within 61.00 metres of 37.10 g/t AgEq from 139 metres depth. Hole THN13-117 was drilled at an azimuth of 230 degrees with a dip of -75 to a depth of 156.97 metres. Oban mineralization remains open to west. See plan map for drill site locations and table below for details.
TALSIKER ZONE PHASE TWO 2013:
Drill hole THN13-120 was drilled to test a structural control theory for mineralization at the Talisker zone. THN13-120 was drilled at 946 metres elevation, an azimuth of 325 degrees and a dip of -65 to a depth of 346.84 metres. See table below for results. This hole encountered several intervals of diatreme breccia and rock flour with alteration similar to the Oban zone located one kilometre to the south. Management believes that this zone may represent a boundary to a second diatreme-breccia body on the property.
Drill hole THN13-118 was drilled to test the IP geophysical anomaly 250 metres east of the OBAN zone. The mineralized interval as seen below consists of a quartz-carbonate breccia.
Mr. Sorin Posescu, P.Geo., VP Geology, is a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.
Quality Assurance & Quality Control
Mr. Sorin Posescu, P.Geo., VP Geology prepared a QAQC protocol for the Company and oversaw sampling procedures. Ms. Caroline Vallat, P.Geo., from GeoSpark Consulting Inc. conducted an independent QAQC review which returned overall strong accuracy and precission of the analytical results. Sealed samples were shipped by the Company geologists to Acme Labs preparation lab in Whitehorse, Yukon. Acme Labs are registered to ISO 9001:2008 accreditation for laboratory procedures. For every batch of 20 samples there were inserted three quality control samples (one blank, one duplicate and one standard). Analysis for gold was done by Fire Assay with AA finish. All other elements were analyzed by Aqua Regia Digestion with ICP-MS finish. Gold and silver over-limits were analyzed by fire assay with gravimetric finish. Base metal over-limits were analyzed with Aqua Regia Digestion with AA finish. High-grade copper overlimits were analyzed by Classical Titration. A copy of the QAQC protocols can be viewed at the Company’s website. Brixton will also be submitting check samples to an independent check assay lab.
Silver equivalent (AgEq) values were calculated using $1,088 per ounce of gold, $19.62 per ounce of silver, $3.20 per pound for copper, $0.80 per pound of lead, $0.80 per pound of zinc, all with 100% metal recoveries assumed.
All reported assays are uncut weighted averages. The true width of reported mineralization is unknown at this time.
AgEq = Ag g/t + (Au g/t x 34.98/0.63) + (Pb% x 17.64/0.63) + (Zn% x 17.64/0.63) + (Cu% x 70.55/0.63)
About Brixton Metals and its Thorn Project
Brixton Metals is an exploration company focused on the advancement of high-grade precious metal assets to feasibility. The primary focus at the 100 percent owned Thorn project is high-grade silver-gold-lead-zinc-bearing diatreme-breccia zones and high-grade gold-silver-copper veins. Secondary targets include porphyry, skarn, replacement, and bulk tonnage gold targets. The Thorn project covers a Jurassic to Cretaceous volcanoplutonic complex that shares similarities with other high-low sulphidation deposits around the world such as Lepanto-FSE in the Philippines, Penasquito in Mexico and El Indio in Chile. The 27,000-hectare Thorn Project is located in the Sutlahine River area of Northwestern British Columbia, Canada approximately 95 km ENE from the Juneau, AK
Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO,
Tel: 604-630-9707
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, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed exploration, sampling and drilling at Thorn and statements concerning the anticipated results of such exploration work, without limitation 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 TSX-V 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.