Brixton Metals Drills 6.7m of 937.3 g/t AgEq and 3.0m of 0.25% CoEq at its Hudson Bay Project in the Cobalt Camp, Ontario
Brixton Metals Drills 6.7m of 937.3 g/t AgEq and 3.0m of 0.25% CoEq at its Hudson
Bay Project in the Cobalt Camp, Ontario
VANCOUVER, BC – (Marketwired – March 15, 2018 – Brixton Metals Corporation (TSXV: BBB)
(the “Company” or “Brixton”) is pleased to announce additional drill results from its wholly owned
Hudson Bay project located in the Cobalt Camp, Ontario.
Highlights from 6 drill holes
• Drill hole HB18 -06 intersected 6.70 metres of 625.80 g/t Ag, 0. 26% Cu, 0.45% Zn and
0.12% Pb (937.29 g/t AgEq) from 36.00m depth
• Drill hole HB -18-04 intersected 3.00m of 0.22% Co and 0.48% Cu , 17.3 g/t Ag (0.25%
CoEq) from 46.00m depth
• Drill hole HB-18-05 intersected 0.71% Co, 10.3 g/t Ag, 0.46% Ni, 0.37% Zn (0.80% CoEq)
over 1.00 metres from 56.00m depth
• Drill hole HB18-07 intersected 5.00m of 236.36 g/t Ag, 0.04% Co including 2,050 g/t Ag
and 0.42% Co (2.24% CoEq) over 0.50 metres from 56.00m depth
Chairman and CEO of Brixton, Gary R. Thompson stated, “ We continue to have success from our
first drill campaign at the Hudson Bay project. The intercepts are at shallow depths 36 to 57 metres
deep. For reference 1% cobalt is equivalent to 12% copper or 1,600 g/t silver. We see the potential
for both high grade narrow veins and broad low-moderate grade disseminated mineralized zones.”
The reported drill holes have confirmed the presence of additional cobalt and silver mineralization
at the Hudson Bay project. Significant cobalt mineralization was intersected in drill hole s HB-18-04
and HB-18-5 and consists of cobalt, nickel and copper minerals as disseminated and centimeters
wide veinlets. The mineralization is hosted in locally brecciated and chloritized c herty mafic-
intermediate pillows (Archean Volcanics). It appears that the cobalt mineralization intersected in
drill holes 04 and 05 are part of a northwest trending cobalt mineralization system that was also
intersected in holes 01 and 03 (February 20, 2018 news release : http://brixtonmetals.com/brixton-
metals-drills-1-cobalt-0-95-copper-0-72-nickel-11-1-gt-silver-over-0-8-metres-at-its-hudson-bay-project-in-
the-cobalt-camp-ontario/) that wasn’t previously mined out.
Assays highlights from holes HB-18-04 to HB-18-05
Hole ID
From
(m)
To
(m)
Interval
(m) Co % Ag g/t
Cu
% Ni % Zn % CoEq %
AgEq
g/t
HB-18-04
46.00
49.00
3.00
0.22
17.30
0.48
0.08
0.25
336.62
including
47.00
49.00
2.00
0.32
11.20
0.29
0.12
0.36
436.48
HB-18-05
56.00
57.00
1.00
0.71
10.30
0.46
0.37
0.80
908.95
Cobalt Equivalent values (CoEq) were calculated using the formula CoEq = $17 x Ag g/t ÷ 31.104 + $3 x %
Cu ÷ 100 x 2204.63 + $28 x % Co ÷ 100 x 2204 .63 + $5.50 x % Ni ÷ 100 x 2204.63 ÷ $28 ÷ 2204.63*100.
This method assumes full metal recoveries. Metal prices used in this calculation include: $17 per ounce for
Ag, $3 per pound for Cu, $5.5 per pound for Ni and $28 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 +28 x % Co ÷
100 x 2204.63 + 5.50 x % Ni ÷ 100 x 2204.63 ÷17 x 31.104. This method assumes full metal recoveries.
Drill hole HB -18-06 was drilled 76 met res northwest from drill hole HB -18-01 (1% Co over 0.8m
reported on February 20, 2018 news release) and was successful in identifying silver and copper
mineralization. See below highlights of the assays results from drill hole HB-18-06.
Assays highlights from holes HB-18-06
Hole ID
From
(m)
To
(m)
Interval
(m) Ag g/t Cu % Pb % Zn % AgEq g/t
HB-18-06
36.00
42.70
6.70
625.80
0.26
0.12
0.45
937.29
including
39.00
41.00
2.00
2,070.00
0.55
0.27
0.63
2,136.31
Drill hole HB -18-07 was designed to test the extension to the south of the silver -cobalt
mineralization historically mined by previous operators. The drill hole intersected significant silver -
cobalt mineralization and consisted of 2,050 g/t Ag and 0.42% Co over 0.5 metres . The
mineralization consists of cobalt and silver minerals associated with chalcopyrite and arsenopyrite
hosted in Huronian conglomerate.
Assays highlights from holes HB-18-07 to HB-18-10
Hole ID
From
(m)
To
(m)
Interval
(m) Co % Ag g/t Pb % Zn % CoEq % AgEq g/t
HB-18-07
56.00
61.00
5.00
0.04
236.36
0.25
286.31
including
57.00
57.50
0.50
0.42
2,050.00
2.24
2,528.82
HB-18-08
55.00
58.00
3.00
18.50
0.50
0.88
18.50
HB-18-09 Assays Pending
HB-18-10
50.00
54.00
4.00
11.88
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 ref erence 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.
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 a ny 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 6.4 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 , and
includes nickel and copper by-products.
About Brixton Metals Corporation
Brixton is a Canadian exploration and dev elopment 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 [email protected] or 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 securit ies 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, including statements that address potential quantity and/or grade of
minerals, potential size and expansion o f 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 use of proceeds , TSXV final approval, and the exploration
potential of the Hog Heaven project based on historical drill results and forward looking statements. By their
nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which ma y
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, th e 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 TSXV 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 forw ard-
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.