Brixton Metals Discovers Gold -Silver Mineralization at the Chivas Zone and Drills 6.45m of 4.86 g/t AuEq and 17.26m of 2.62 g/t AuEq
September 07, 2017 09:00 ET
Brixton Metals Discovers Gold -Silver
Mineralization at the Chivas Zone and Drills
6.45m of 4.86 g/t AuEq and 17.26m of 2.62 g/t
AuEq
VANCOUVER, BC--(Marketwired - September 07, 2017) - Brixton Metals Corporation (TSX
VENTURE: BBB) (the "Company" or "Brixton") is pleased to announce drill results from the first
ever holes into the Chivas Zone at its wholly owned Thorn Project located in the northern extension of
the Golden Triangle, British Columbia, Canada.
Highlights
Drilling discovers Au-Ag mineralization over a large area and remains wide
open
Mineralization and alteration style appear to be porphyry related
This is the first round of drilling ever at the Chivas Zone
Hole 142 intersected 6.45m of 4.86 g/t AuEq within 18m 1.83 g/t AuEq
Hole 143 intersected 8m of 4.01 g/t AuEq within 11m of 2.96 g/t AuEq
Hole 144 intersected 17.26m of 2.62 g/t AuEq within 52.00m of 0.87 g/t
AuEq
Surface mapping identifies a new open ended 1.2 km copper corridor which
is yet to be drill tested and several gold targeted holes have increasing
copper grades at depth
All of the 2,455m (10 holes) at the Chivas Zone were drilled within an area of 800m by 800m. The
holes were designed to test the 7 square kilometre gold-in-soil and IP geophysical anomaly at the
newly discovery Chivas zone.
Please see general location map for Chivas Zone drilling: http://brixtonmetals.com/wp/wp-
content/uploads/2017/09/Chivas-Zone-drill-map-2017-v2.jpg
THN17-142 intersected two mineralized zones, an upper zone from 40m depth of 21.00m of 0.46 g/t
Au and 39.74 g/t Ag or 1.03 AuEq. The lower zone intersected 18.00m of 0.99 g/t Au, 19.46 g/t Ag,
0.66% Zn, 0.19% Pb or 1.83 g/t AuEq from 161.00m depth. Included in this lower interval
was 6.45m of 4.86 g/t AuEq as 2.63 g/t Au, 45.15 g/t Ag, 1.5% Zn, 0.18% Cu, 0.42% Pb.
Photos of core for THN17-142 are available at the following
links: http://brixtonmetals.com/wp/wp-content/uploads/2017/09/THN17-142-
166m.jpg, http://brixtonmetals.com/wp/wp-content/uploads/2017/09/THN17-142-
polyphase-breccia-48m.jpg, http://brixtonmetals.com/wp/wp-
content/uploads/2017/09/[email protected]
Please see link to drill collar location map: http://brixtonmetals.com/wp/wp-
content/uploads/2017/09/Map-3_Chivas-Drilling-Plan-View-Crop.jpg
Please see link for cross section A-A': http://brixtonmetals.com/wp/wp-
content/uploads/2017/09/Map-4_Chivas-Drilling-A-A-Crop.jpg
THN17-143 intersected 11m of 2.96 AuEq starting at 59m depth as 0.54 g/t Au, 147.78 g/t Ag,
0.27% Zn, 0.25% Pb including 8m of 4.01 g/t AuEq as 0.71 g/t Au, 202.49 g/t Ag, 0.35% Zn,
0.34%Pb.
THN17-144 intersected 52m of 0.87 g/t AuEq as 0.31 g/t Au, 39.56 g/t Ag, including 17.26m of
2.62 g/t AuEq as 0.61 g/t Au, 110.27 g/t Ag, 0.36% Zn, 0.36 Pb.
THN17-145 intersected 1.15m of 5.25 AuEq as 5.15 g/t Au, 7.30 g/t Ag, within 9.80m of 0.93
g/t AuEq.
THN17-147 intersected 1.00m of 5.10 g/t AuEq as 5.08 g/t Au, 1.6 g/t Ag within 18.97m of
0.51 g/t AuEq.
Several drill holes have increasing copper grades down hole and THN17-149 intersected 39m of
0.11% Cu. THN17-148 was abandoned due to poor ground conditions.
Please see link for cross-section B-B': http://brixtonmetals.com/wp/wp-
content/uploads/2017/09/Map-5_Chivas-Drilling-B-B-Crop.jpg
A table of mineralized composites are summarized below.
Hole ID From To Interval Gold Silver Copper Lead Zinc AuEq
(metre) (metre) (metre) g/t g/t % % % g/t
THN17-140 156.00 163.00 7.00 0.91 6.44 1.01
including 162.00 163.00 1.00 4.21 32.90 4.68
THN17-141 193.00 201.00 8.00 0.90 2.28 0.93
THN17-142 40.00 61.00 21.00 0.46 39.74 1.03
including 161.00 179.00 18.00 0.99 19.46 0.18 0.66 1.83
THN17-142 161.00 167.45 6.45 2.63 45.15 0.18 0.42 1.50 4.86
THN17-143 59.00 70.00 11.00 0.54 147.78 0.25 0.27 2.96
including 59.00 67.00 8.00 0.71 202.49 0.34 0.35 4.01
THN17-144 112.00 164.00 52.00 0.31 39.56 0.87
including 133.62 150.88 17.26 0.61 110.27 0.36 0.36 2.62
THN17-145 118.00 127.80 9.80 0.79 9.90 0.93
including 121.85 123.00 1.15 5.15 7.30 5.25
THN17-146 no significant results
THN17-147 23.00 41.97 18.97 0.49 0.94 0.51
including 37.00 38.00 1.00 5.08 1.60 5.10
THN17-147 182.85 200.00 17.15 0.42 3.88 0.48
THN17-148 no significant results
THN17-149 185.00 224.00 39.00 0.89 0.11
All reported assays are uncut weighted averages. The true width of reported mineralization is
unknown at this time. Gold Equivalent values (AuEq) were calculated using the formula AuEq =
$1,200 x Au g/t ÷ 31.104 + $17 x Ag g/t ÷ 31.104 + $3 x % Cu ÷ 100 x 2204.63 + $1 x % Pb ÷ 100
x 2204.63 + $1.20 x % Zn ÷ 100 x 2204.63/$1,200 x 31.104. This method assumes full metal
recoveries as metallurgical work has not been conducted.
Chairman and CEO of Brixton, Gary R. Thompson stated, "We are excited to have completed the first
ever drill program at the new Chivas Zone. It appears that we are on margin of a large porphyry
system at Chivas, and moreover, these results support our thinking that we have a mineralized
system with district scale dimensions at the Thorn Project." Thompson further stated, "A larger drill
program with generally deeper holes will be required to properly test the potential of the Chivas
discovery. The Thorn Property is largely underexplored with potential for both high grade and bulk
tonnage precious metal targets."
About the Chivas Gold Zone (Thorn Project)
The Chivas Zone is defined as an open-ended northwest - southeast 3 kilometre mineralized trend
based on a 7-square kilometre gold-copper-in-soil anomaly and the coincident strong IP chargeability
anomaly. The Chivas gold anomaly was first identified in 2014 when the Company collected 16 soil
samples along a break in slope over 600m where 12 of the 16 samples where anomalous, above 30
ppb Au with a high of 11,000 ppb Au. There was no previous work reported from this area of the
property. This zone represents an important new mineralized target and is part of a district scale
system at the Thorn project. Mineralization is hosted by quartz-carbonate-pyrite, galena-sphalerite-
sulphosalts veins, polyphase and/or hydrothermal breccias and fault zones within Stuhini Group
volcanic rocks and is interpreted as being peripheral to a Au-Ag-Cu-Mo porphyry system. The Chivas
Zone is located about 3 kilometres southwest from the western edge of the sediment hosted Outlaw
Gold Zone where hole 128 intersected 59.65m of 1.15 g/t Au, 5.64 g/t Ag, and about 3 kilometres
south from the Oban Diatreme Breccia Zone where hole 60 intersected 95m of 628 g/t Ag and 1.71
g/t Au, 3.31% Pb, 2.39% Zn, 0.12% Cu. The red-line boundary (Triassic-Jurassic unconformity) was
mapped about 800 metres west of the Chivas anomaly. According to Kyba and Nelson of the BCGS,
most major deposits in northwestern BC, including KSM, Brucejack and Eskay Creek, occur within 2
km of this regional red-line marker, which implies major regional-scale structures as metal-rich fluid
pathways.
Please see link to the Chivas Zone: http://brixtonmetals.com/properties/thorn-
project/chivas-zone/
Quality Assurance & Quality Control
Ms. Caroline Vallat, P.Geo., from GeoSpark Consulting Inc. conducted an independent QAQC review
which returned overall strong accuracy and precision of the analytical results. Sealed samples were
shipped by the Company geologists to ALS Minerals preparation lab in Whitehorse, Yukon. ALS
Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory
procedures. Blank, duplicate and certified reference materials were inserted into the sample stream.
Analysis for gold was done by Fire Assay with AA finish. All other elements were analyzed by Aqua
Regia Digest with ICP-AES finish. Silver and base metal over-limits were analyzed with Aqua Regia
Digest and AES finish. A copy of the QAQC protocols can be viewed at the Company's website.
Mr. Sorin Posescu, P.Geo., is a Qualified Person as defined under National Instrument 43-101
standards and has reviewed and approved this news release.
About The Thorn Project
Brixton's wholly owned 1,114 square kilometre Thorn Project is located in Northwest British Columbia
approximately 90 kilometres ENE from Juneau, Alaska. The southern limit of the Thorn claim boundary
is about 65 kilometre from tide water. Geology at Thorn Project hosts a district scale Triassic to
Eocene volcano-plutonic complex with several styles and episodes of mineralization related to
porphyry and epithermal environments. Targets include sediment hosted gold-silver (Outlaw Zone),
silver-gold-lead-zinc-bearing diatreme-breccia (Oban Zone), high-grade high-sulphidation gold-silver-
copper veins (Glenfiddich, Talisker and others and porphyry copper-gold-silver-molybdenum potential
Chivas and (Oban at depth). In 2013, Brixton entered into an Exploration Agreement with the Taku
River Tlingit First Nations. Please see find further project information on the Company's
website, http://brixtonmetals.com/properties/thorn-project/
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold
and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn gold-
silver and the Atlin gold projects located in NWBC, the Langis-Hudson Bay silver-cobalt project in
Ontario and the Hog Heaven silver-gold project in NW Montana, USA. The Company is actively seeking
JV partners to advance one or more of its projects.
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
Tel: 604-630-9707 or email: [email protected]
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
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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 completion
of the acquisition, the anticipated closing of the acquisition, TSXV approval, and the
exploration potential of the property based on resources estimates and forward looking
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CONTACT INFORMATION
Mr. Gary R. Thompson
Chairman and CEO
Tel: 604-630-9707
Email: [email protected]