Brixton Metals Drills 1.38% Cobalt, 63.00 g/t Silver over 2.00m
Brixton Metals Drills 1.38% Cobalt, 63.00 g/t Silver over 2.00m
April 30, 2018 – Brixton Metals Corporation (TSXV: BBB) (the “ Company” or “Brixton”) is pleased
to announce drill results from its wholly owned Hudson Bay proj ect located in the Cobalt Camp,
Ontario, Canada.
Highlights from 8 drill holes
Drill hole HB18-23 intersected 2.00m of 1.38% cobalt, 63.00 g/t silver from 133m depth
Drill hole HB18-23 intersected 23.00m of 55.55 g/t silver, 1.1 6% copper from 9.00 m depth
including 3.00m of 120.33 g/t Ag, 2.42% copper
Drill hole HB-18-21B intersected 2.00m of 0.97% cobalt, 40.65 g/t silver, 0.22% copper
within 5.00m of 0.42% cobalt, 23.90 g/t Ag and 0.45% copper
Chairman and CEO of Brixton, Gary R. Thompson stated, “These re sults conclude our phase one
drilling program at the Hudson Bay mine area which clearly demo nstrates the potential for high
grade cobalt and silver with significant base metals as noted i n hole 23 where we encountered
1.38% cobalt. A total of 24 holes for 3150 m were drilled at th e Hudson Bay site. One of the HB
veins has been drilled for 150 m in strike so far. The Company has moved the drill rig to its Langis
silver-cobalt project for drilling which is located about 22 km from the Hudson Bay site.”
Hole From To Interval Silver Copper Cobalt Lead Zinc CoEq AgEq
ID (m) (m) (m) g/t % % % % % g/t
HB‐18‐23 9.00 32.00 23.00 55.55 1.16 0.27 1.04 0.15 218.12
including 9.00 16.00 7.00 92.01 1.85 0.23 319.63
including 9.00 12.00 3.00 120.33 2.42 0.30 416.78
including 19.00 24.00 5.00 50.56 1.17 0.05 0.29 0.16 0.19 264.9 5
including 28.00 32.00 4.00 53. 28 1.00 0.63 4.50 0.13 188.25
including 22.00 23.00 1.00 46.50 1.22 0.16 0.60 0.19 0.30 422.14
HB‐18‐23 79.00 96.82 17.82 15.57 0.54 0.04 0.09 133.49
including 86.00 92.00 6.00 37.52 1.03 0.10 0.21 302.49
including 89.00 90.00 1.00 50. 20 1.41 0.28 0.43 611.89
HB‐18‐23 127.00 130.00 3.00 11.47 0.65 0.07 95.31
HB‐18‐23 133.00 135.00 2.00 63.00 0.16 1.38 0.18 0.16 1.43 2024.01
HB‐18‐23 139.50 140.38 0.88 23.00 0.77 1.46 1.74 0.10 135.46
Cobalt Equivalent values (CoEq) were calculated using the formu la CoEq = $17 x Ag g/t ÷ 31.104 + $3 x % Cu ÷ 100 x
2204.63 + $35 x % Co ÷ 100 x 2204.63 ÷ $35 ÷ 2204.63 x 100. Thi s method assumes full metal recoveries. Metal prices
used in this calculation include: $17 per ounce for Ag, $3 per pound for Cu and $35 per pound for Co. Silver Equivalent
values (AgEq) were calculated using the formula AgEq = 17 x Ag g/t ÷ 31.104 +$3 x % Cu ÷100 x 2204.63 +$35 x % Co
÷ 100 x 2204.63 ÷17 x 31.104. This method assumes full metal re coveries. True width can not be determined at this time
and reported widths are drilled intervals.
Holes HB 22 and 24 returned insignificant results. True widths have not been determined at this
time.
Core Descriptions
HB-18-23: (133.00m-135.00m): quartz-carbonate veins and veinlets within sheared graphite-rich
sections contain fine-to-coarse grained cobaltite and fine-to-very fine grained native Ag. Cobaltite
and disseminated Ag are oriented along stringers parallel to shears, with the majority of coarse-
grained cobalt mineralization present along walls of shear veins. This zone is similar to the 4m long
mineralized zone observed in Hole 21B (132-136m). Fine-grained pyrite and chalcopyrite are also
present over this interval and are locally associated with veining. Core photo below.
HB-18-21B: (132.90m-133.10m): Sheared and folded quartz-carbonate-chlorite veining containing
fine-grained base metal-sulphide mineralization including chalcopyrite, pyrite, pyrrhotite and
possibly very fine-grained silver arsenide. Vein hosted in Keewatin Mafic Volcanics. Core photo
below.
Hole From To Interval Silver Copper Cobalt Lead Zinc CoEq AgEq
ID (m) (m) (m) g/t % % % % % g/t
HB‐18‐18 49.00 52.50 3.50 17.09 1.06 0.04 0.14 195.15
including 51.00 52.00 1.00 35. 10 2.30 0.12 0.34 480.02
HB‐18‐19 52.80 53.80 1.00 338.00 0.08 0.25 350.21
HB‐18‐20 41.00 42.00 1.00 12.90 0.43 0.02 0.16 0.20 0.07 91.82
HB‐18‐
21B 132.00 137.00 5.00 23.90 0.45 0.42 0.48 673.46
including 132.96 134.00 1.04 12. 00 0.88 0.12 0.20 288.13
and 134.00 136.00 2.00 40.65 0.22 0.97 1.02 1434.53
HB-18-18 (49.00-52.500m) Fault Breccia: White-beige carbonate veins with fine-to-medium
grained chalcopyrite and pyrite brecciating graphitic sediments and early coarse-grained quartz
veins. Core photo HB-18-18 (51.00-51.50m) below
Quality Assurance & Quality Control
Sealed samples were shipped by the Company geologists to ALS Mi nerals preparation lab in
Sudbury, Ontario. ALS Minerals Laboratories are registered to I SO 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 . Cobalt over-limits were
analyzed with Sodium Peroxide Fusion and AES finish. Silver ove r-limits were analyzed by fire
assay with gravimetric finish. Base metal over-limits were anal yzed with Aqua Regia Digest and
AES finish. A copy of the QAQC protocols can be viewed at the Company’s website.
Mr. G.R. Thompson, P.Geo, is a Qualified Person as defined unde r National Instrument 43-101
standards and has reviewed and approved this news release.
About the Langis and Hudson Bay Silver – Cobalt Project
Brixton’s wholly owned Langis and Hudson Bay past producing min es are located 500km north
from Toronto, Ontario, Canada. The cobalt-silver mineralization occurs as steeply-moderately and
in some cases shallow dipping veins and as disseminations withi n any of the three main rock
types: Archean volcanics, Coleman Member sediments and Nipissin g diabase. The Langis mine
produced 10.4Moz of silver at 25 oz/t Ag and 358,340 pounds of cobalt and the Hudson Bay mine
produced 6.4 Moz of silver at 123 oz/t Ag and 185,570 pounds of cobalt. Historically, the Cobalt
Camp produced 50M pounds of cobalt as a by-product of 500M ounces of silver production.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focus ed on the advancement of its
gold and silver projects toward feasibility. Brixton wholly own s four exploration projects, the Thorn
gold-silver and the Atlin gold projects located in NWBC, the La ngis-Hudson Bay silver-cobalt
project in Ontario and the Hog Heaven silver-gold-copper projec t 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]
For Investor relations please contact at [email protected] or 604-630-9707
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