Brixton Metals Drills Multi-kilogram Silver and 1.9 Percent Cobalt at its Hudson Bay Project
Brixton Metals Drills Multi-kilogram Silver and 1.9 Percent Cobalt at its Hudson Bay
Project
October 22, 2018 – Brixton Metals Corporation (TSXV: BBB) (the “ Company” or “ Brixton”) is
pleased to announce additional drill results from its wholly owned Hudson Bay project locat ed in
the Cobalt Camp, Ontario, Canada.
Highlights from 11 drill holes
• Drill hole HB18 -31 intersected one metre of 3,290 g/t silver, 0.29% nickel and 0.14%
cobalt within 2.00m of 1,667.30 g/t silver, 0.15% nickel and 0.07% cobalt from 22m depth
• Drill hole HB-18-34 intersected one metre of 1.96% cobalt and 16.20 g/t silver from 80m
depth
• Drill hole HB-18-26 intersected four metres of 536.50 g/t silver from 45m depth, including
1,285 g/t silver over 1.00m
Chairman and CEO of Brixton, Gary R. Thompson stated, “ Brixton co ntinues to encounter very
high grade silver and cobalt mineralization around the historic workings at the Hudson Bay mine
and have defined a number veins. These high grade results are at shallow depths as stated in the
table below ranging from 22m to 80m drill depth. We believe that this area warrants further drilling
to expand on these trends. Given the current copper and cobalt prices, the 1.96% cobalt equates
to 19.6% copper, which is significant. The long term demand for cobalt remains strong”
Table of Select Drill Highlights, Hudson Bay Mine Project
Hole From To Interval Silver Cobalt Nickel Copper
ID (m) (m) (m) g/t % % %
HB-18-
26 39.00 40.00 1.00 467.00
HB-18-
26 45.00 49.00 4.00 536.50
including 47.00 48.00 1.00 1285.00
HB-18-
27 22.00 24.00 2.00 402.50
HB-18-
28 42.00 43.00 1.00 477.00
HB-18-
28 50.00 52.00 2.00 160.65
HB-18-
31 22.00 24.00 2.00 1667.30 0.07 0.15
including 22.00 23.00 1.00 3290.00 0.14 0.29
HB-18-
33 79.00 80.52 1.52 29.80 0.08 1.50
HB-18-
34 73.00 74.00 1.00 4.80 0.11 0.21
HB-18-
34 75.10 76.00 0.90 23.90 0.83
HB-18-
34 80.00 81.00 1.00 16.20 1.96
Holes HB 25, 29, 30 and 32 returned insignificant results. True widths have not been determined at
this time.
During 2018, Brixton has drilled approximately 4,012 metres at the Hudson Bay project. Drilling at
the Hudson Bay project was designed to test for additional silver and cobalt mineralization near the
historic workings.
Plan Map of Select Drill Results, Hudson Bay Project
http://brixtonmetals.com/wp/wp-content/uploads/2018/10/PlanmapOctv2.jpg
Mineralization in holes 26 to 31 is hosted in Huronian conglomerates which are typically green to
grey, predominately massive and matrix supported with subrounded polymictic clasts ranging from
a few mm and up to 12cm in diameter. Mineralization usually consists of finely disseminated silver
and cobalt minerals as well as associated with carbonate veining ranging from a few mm and up to
1cm in thickness. Vein behaviour can vary as they come in a variety of orientations from 40 -60
degrees and thickness.
In holes 33 and 34 , mineralization is hosted in fault zones and fault breccia within mafic volcanic
units intercalated with graphitic schist. Visible mineralization includes predominantly chalcopyrite,
sphalerite and pyrite interstitial to brecciated “clasts” or in carbonate veins as seen in portions of
healed fault breccia. Some mineralization is included in largely massive, blocky carbonaceous
interflow sediments. Chalcopyrite is finely disseminated and concentrated closely to the interpreted
fault at 79m in hole 34. Cobalt mineralization in more competent interflow sediments was observed
to be semi-massive veins up to 2cm thick with fine grained diss eminated silver arsenides/smaltite
adjacent to metal veins.
Mineralization in hole 35 is hosted in mafic volcanics. Cobalt mineralization in this unit is found at
boundary of pink quartz carbonate veins with finely disseminated smaltite in broken pieces
surrounding veining. Trace amounts of chalcopyrite were also seen in brecciated portions of the
interval.
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 Perox ide 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 pro ducing 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, Cole man 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.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its
gold and silver projects toward feasibility. B rixton 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 activel y 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 Mitchell Smith at [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 securities laws.
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“could”, “should”, or “will” be taken or occur, inc luding statements that address potential quantity and/or grade of
minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development
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including, without limitation, statements regarding the use of proceeds, By their nature, forward -looking statements
involve known and unknown risks, uncertainties and other factors which may cause our actual results,
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among others, the following risks: the need for addit ional financing; operational risks associated with mineral
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