Brixton Metals Drills 3.55% Cobalt over 0.98m at Its Langis Project
Brixton Metals Drills 3.55% Cobalt over 0.98m at Its Langis Project
VANCOUVER, British Columbia, May 30, 2018 -- Brixton Metals Corporation (TSXV:BBB) (the “ Company” or “Brixton”) is pleased to announce
drill results from its wholly owned Langis Mine Project located in the Cobalt Camp, Ontario, Canada.
Highlights from three drill holes at the Langis Project
• Drill hole LM18-23 intersected 0.98m of 3.55% cobalt, 0.10% nickel
• Drill hole LM18-24 intersected 22.00m of 0.11% nickel, 0.01% cobalt
Chairman and CEO of Brixton, Gary R. Thompson stated, “Brixton Metals has drilled some of the highest grade cobalt intercepts in the world from
its Cobalt Camp projects in Ontario. Drill hole LM18-23 returned 3.55% cobalt over a 0.98m drilled interval, which is equivalent to more than 5000
g/t silver. Also we continue to show broad low grade Co-Ni-Ag intervals below the unconformity in the basement Archean meta-volcanics and meta-
sediments. We plan to drill follow up holes on the highest grade intervals of cobalt and silver that where drilled thus far and further test for possible
higher grade zones within the broad mineralized zones within the basement rocks. The Archean basement rocks which host these broad Co-Ni-Ag
mineralized zones outcrop west of the underground workings at the Langis mine and will be drill tested.”
Table of Highlights from drill holes LM18 (22-24)
Hole From To Interval Silver Nickel Cobalt CoEq AgEq AgEQ GxT
ID (m) (m) (m) g/t % % % g/t g/t x m
LM-18-22 139.00 149.00 10.00 2.24 0.02 0.10 0.11 154.15 1541.46
LM-18-22 153.00 163.00 10.00 64.71 0.14 0.01 0.07 107.93 1079.30
LM-18-22 193.00 198.00 5.00 0.10 0.11 0.01 0.02 35.37 176.85
LM-18-23 157.52 158.50 0.98 3.80 0.10 3.55 3.57 5189.55 5085.76
LM-18-24 171.00 177.00 6.00 1.68 0.01 0.01 0.01 21.55 129.28
LM-18-24 186.00 208.00 22.00 0.48 0.11 0.01 0.03 36.56 804.41
Cobalt Equivalent values (CoEq) were calculated using the formula CoEq = $16.5 x Ag g/t ÷ 31.104 +$35 x % Co ÷ 100 x 2204.63 + $5.50 x % Ni
÷ 100 x 2204.63 ÷ $35 ÷ 2204.63*100. This method assumes full metal recoveries.
Silver Equivalent values (AgEq) were calculated using the formula AgEq = $16.5 x Ag g/t ÷ 31.104 + $35 x % Co ÷ 100 x 2204.63 + $5.50 x % Ni ÷
100 x 2204.63 ÷$16.5 x 31.104. Metal prices used in this calculation include: $16.5 per ounce for Ag, $5.5 per pound for Ni and $35 per pound for
Co. This method assumes full metal recoveries. True width cannot be determined at this time and reported widths are drilled intervals.
Langis Section A-A’ View to North (click this link)
Core Photograph LM18-23 (156-160m) (click this link)
Langis Plan Map (click this link)
Quality Assurance & Quality Control
Sealed samples were shipped by the Company geologists to ALS Minerals preparation lab in Sudbury, Ontario. 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. Cobalt over-limits were analyzed with Sodium Peroxide Fusion and AES finish. Silver over-limits were analyzed by fire
assay with gravimetric finish. 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.
In addition, the Company has acquired mineral lands in the Atlin Area of BC expanding its Atlin Gold project to 68,309 hectares. The 6 claims of
9614 hectares were acquired one hundred percent subject to a one percent to net smelter royalty to the vendor for 260,000 common shares in the
Company.
About the Langis and Hudson Bay Silver-Cobalt Project
Brixton’s wholly owned Langis and Hudson Bay past producing mines 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 within any of the three main rock
types: Archean volcanics, Coleman Member sediments and Nipissing 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 6.4Moz 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 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-copper 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]
For Investor relations please contact at [email protected] or 604-630-9707
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accepts responsibility for the adequacy or accuracy of this release.
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