Brixton Metals Provides Update on its Hog Heaven Silver-Gold-Copper Project
Brixton Metals Provides Update on its Hog Heaven Silver-Gold-Copper Project
VANCOUVER, BC – (Marketwired – August 20, 2018 – Brixton Metals Corporation (TSXV: BBB)
(the “ Company” or “Brixton”) is pleased to provide an update on its Hog Heaven project data
review, new geophysical data acquisition and short term project development plans.
Highlights from the work to date at the Hog Heaven project:
Completed the historical assay data entry and drill log data entry. Total metres historically
drilled on the project is 57,498m from 722 drill holes as rotary, reverse circulation and
diamond drill core
Completed 724 line kilometers VTEM Plus and horizontal magnetic gradiometer survey
Completed the acquisition of 60 square kilometers of Lidar and digital aerial photography
Received the exploration/drilling permit from Montana Department of Environmental Quality
Renewed the operating permit with Montana Department of Environmental Quality
Construction of a new core facility has been completed
Brixton funded 2 M.Sc. research studies with Montana Tech University to look at alteration
and ore mineralogy to further understand the hydrothermal fluid system to provide vectors
for feeder zones of the mineralization
Chairman and CEO of Brixton, Gary R. Thompson stated, “The Hog Heaven project, which hasn’t
seen any work since the mid -90s, is now drill ready. The project represents a high quality high -
grade asset that we rarely see available in the market these days. The initial drill programs should
focus on infill and confirmation drilling to support a NI-43-101 resource estimate and to confirm the
presence of new mineralization on the property. Targets include near surface high sulphidation
high-grade polymetallic -silver-gold rich veins and breccia, which is believed to be related to a
porphyry target at depth. We are excited to drill some fresh core on the project”.
A detailed presentation on the Hog heaven projects is available at the following link:
http://brixtonmetals.com/wp/wp-content/uploads/2018/08/Hog-Heaven-August-2018-small.pdf
Drilling
Brixton is planning to initiate a nine hole drill plan for the fa ll of 2018 to twin and confirm some of
the previous drilling and to test the high-grade feeder zones to the west of the Main Mine zone and
south of the Ole Hill zone. Phase two drilling will focus on expanding the known mineralized zones,
infilling areas of sparser drilling and testing some of the nearby compelling targets. Additional holes
will test newly generated targets. The proposed drilling program is subject to future financing.
A table of Historical Drilling Highlights: As previously released on January 15, 2018
Hole ID From (m) To (m) Interval (m) Ag g/t AgEq g/t
FD-75-2 204 244 40 155 336
FD-75-4 163 205 42 96 275
FD-75-5 69 78 9 95 253
FD-75-6 81 93 12 111 165
FD-76-27 114 133 18 633 695
BOD-79-2 0 11 11 472 490
BOD-79-2A 0 9 9 680 744
AFR-79-2 55 59 5 738 913
AFR-79-5 107 119 12 1089 2330
AFR-79-5 279 305 26 211 268
AFR-79-9 49 55 6 608 694
AFD-79-8 43 66 23 599 687
AFU-80-1 44 56 12 349 535
AFR-80-4 108 136 27 329 527
AFR-80-9 93 168 75 210 338
AFR-80-26 17 84 67 302 391
AFD-81-24** 189 251 62 155 182
AFR-81-8** 61 116 55 254 411
AFR-81-26** 40 72 32 276 318
AFR-81-38A** 38 91 53 411 643
AFR-81-40** 0 43 43 356 375
R-83-52** 107 125 18 372 633
*Silver Equivalent values (AgEq) were calculated using the formula AgEq = $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/$17 x 31.104. This method assumes full metal
recoveries. Metal prices used in this calculation include: $17 per ounce for Ag, $1200 per ounce for Au, $3 per pound for Cu, $1.2
per pound for Zn and $1 per pound for Pb.
** These intercepts have incomplete assay data for Cu, Pb and Zn
Note: The Qualified Person (“QP”) for Brixton cannot verify the drill results reported in the tables above or the other techn ical
information set out in this news release. The precise location of the drill cores from the program is presently unknown and t hey have
not been inspected by the QP, and therefore Brixton has not undertaken any re -logging, resampling or check assays; however,
Brixton has no reason to doubt the results and considers the results relevant and suitable for disclosure. Data from the abo ve drill
results are historical results and it is unknown what type of quality -control programs were performed at the time. The QP also
advises that true width of the above results cannot be determined at this time.
Geophysical surveys:
During May 2018, Brixton contracted Geotech Lt d. to carry out a helicopter -borne geophysical
survey over the project. A total of 724 like-kilometers of geophysical data were acquired and
consisted of Versatile Time-Domain (VTEM) Plus and horizontal magnetic gradiometer surveys.
The survey has been successful in identifying several magnetic and EM anomalies. It was
observed that generally, known mineralization is located along magnetic low margins. Brixton is
planning to drill test some of the magnetic anomalies, with the objective to identify additional high
grade Ag-Au-Cu-Pb-Zn mineralization as well as testing for porphyry mineralization potential of the
project.
Total Magnetic Intensity Map and historic mine workings locations
Exploration Upside:
Main Mine Zone
The Main Mine zone is the most advanced target at the Hog Heaven Project and where most of the
historical work was undertaken. The mineralization consists of Ag-Au-Cu-Pb-Zn mineralization that
occurs at the contact between latite porphyry and volcanoclastics. There is a strong vertical and
lateral metal zonation with increasing Au-Cu grades at depth within flat-lying ore bodies and a core
of Ag +/ - Au is haloed by Pb and Zn +/ - Cu. The Main Min e zone was subject to a positive
feasibility study produced by Coca Mines in 1988 , but the mine construction was halted due to
silver and gold prices dropping in 1990 (see News Release dated June 22, 2017).
The Main Mine zone presents excellent exploration upside near surface as well as at depth (feeder
zone).
Main Mine Exploration Upside Cross Section
Ole Hill Zone
Historically, mineralization has also been outlined in the Ole Hill area and occurs along the contact
between, and within, both volcanoclastics and Precambrian siltites. Generally the gold content is
higher at the Ole Hill zone than the Main Mine zone. Brixton is planning to drill test the extent of
know mineralization at depth and on strike (some of the historic drillholes ended in mineralization).
Other Exploration Targets: In addition to the Main Mine and Ole Hill targets, nineteen historic
adits and workings have been identified within the area . Two of the prospects occur at the contact
between the Tertiary intrusive and volcaniclastic rocks, similar to the Main Mine. Three of the
prospects occur in the Late Proterozoic Belt Supergroup rocks which Mauk (1983) believed to be
part of the Revett Formation of the Ravalli Group.
Mary-Ann Bergmann Mine
The Mary-Ann Bergmann Mine had high grade ore mined and reported in a 1940 report. Congdon
& Carey tested the extent of the mineralized pods in drill holes FD-77-33/FD-77-44/FD-77-45.
FD-77-45 found a zone of silver mineralization with an average 4.3 ounces per ton silver
over 45ft (13.7m) interval from 119ft depth (36.2m)
Further suggestions for development of this area included the search fo r high grade, low
tonnage pods similar to the originally mined ore which assayed as high as 240 ou nces per
ton
Martin Mine
The Martin Mine was a 100ft long adit in argillite . The mineralization was found in veins that were
mined by hand-sorting material during 1939-1941. Assays reported were up to 1250 oz/t silver, up
to 24 percent copper and up to 0.12 oz/t gold; 5 tons were mined in 1940 at 40-1250 oz/t silver.
Mineralization consists of sulfides in silicified breccia zones in argillite as veins and breccia
The vein hasn’t been mined below 300-level, where it may improve in width
An ore s hoot at a vein intersection 300 ft north of the sha ft hasn’t been mined below the
200-level. It widens downward between the 100 and 200 levels and may further widen at
depth
Two additional veins discovered by c ore drilling on the 100 -level: one was a 6 feet wide
vein returning 0.28 oz/t Au and 28 oz/t Ag a nd the second returned 0.31 oz /t Au and 30.86
oz/t silver
There is a possible large-tonnage disseminated exploration target on the 100-level where 3-
to 8-ounce per ton silver extends at least 80ft along a crosscut west of the Martin vein
Martin Lease
The Martin Lease and prospect had grab samples that assayed between 7 and 17 ounces per ton
silver from samples of unknown width from silicified breccia zone. The Martin Lease could
represent a possible Northeast extension of the Margarite Zone.
West Flathead Mine
Past production was 3210 tons at 98.8 ounces per ton silver
A caved-in shaft not mined out , where 360 tons were mined , had an average 8 percent
copper and 12 ounces per ton silver
Mineralization plunges to the southwest along the Belt unconformity
Property Wide Exploration Upside and Historic Workings Locations Map
About the Hog Heaven Project
The property is located in Flathead County, 55 miles south -southwest of the town of Kalispell, in
the northwest portion of the state of Montana, USA. The property is easily accessible by driving 10
miles of gravel road from a highway. The Hog Heaven mine historically (192 8 – 1975) produced
6.7M oz Ag at an average grade of 29 troy ounces of Ag per ton, 3,000 oz Au, 23M lbs Pb, 0.6M lbs
Cu from 230,000 tons and an additional 49,700 tons grading 9.35 troy ounces of Ag per ton. The
ore was shipped directly to smelters. The mine was operated by Anaconda from 1929 to 1946 and
by a lessee from 1963 to 1975.
Several silver, gold and ba se metal mineralized zones occur as breccia and veins hosted by
permeable units of volcaniclastic rocks. The high -sulphidation mineralization is accompanied by
silicification of the host rocks. Silver is the metal of primary interest, although the gold an d base
metals are significant and may provide by -product revenues. The vertical zonation of the
mineralization at the Main Mine shows an increase in pyrite grain size, copper and gold content
with depth suggesting the presence of a porphyry system at depth. Since the production periods at
least 722 drill holes for 57,498m meters have been drilled. Currently, the Hog Heaven project does
not host a NI -43-101 compliant resource estimate as defined by the CIM Definition Standards for
Mineral Resources and Mineral Reserves.
Mr. Sorin Posescu, P.Geo., VP Exploration, is a Qualified Person as defined under National
Instrument 43-101 standards and has reviewed and approved this news release.
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 activ ely seeking JV partners to advance one or more of it s 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.
Forward-looking statements are statements that relate to future, not past, eve nts. 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 of a mineralized zone, proposed timing of exploration and development
plans, or other sim ilar 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 may
cause our actual results, performance or achievements, or other future events, to be m aterially different from any
future results, performance or achievements expressed or implied by such forward -looking statements. Such
factors include, among others, the 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 forward -
looking statements if these beliefs, estimates and opinions or other circumstances s hould change, except as
required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward -
looking statements.