Brixton Metals Summarizes 2021 and Outlines its Fully Funded 2022 Plan at the Thorn Copper-Gold Project
Brixton Metals Summarizes 2021 and Outlines its Fully Funded 2022 Plan at the Thorn
Copper-Gold Project
VANCOUVER, British Columbia, January 21, 202 2 (GLOBE NEWSWIRE) - Brixton Metals
Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to provide
highlights of the results of its 2021 exploration activities and outlines its 2022 exploration plans to
advance the district -scale Thorn Copper-Gold-Silver-Molybdenum Project. The Thorn Project is
located 90km ENE from Juneau, Alaska and is situated within the traditional territory of the Tahltan
and Taku River Tlingit First Nations.
Corporate Highlights from 2021
• Brixton raised $12.2M including strategic investor Crescat Capital and is now fully funded for
its 2022 exploration at the Thorn Project
• Ivanhoe Electric Inc . consolidates shares-warrants held by Robert Friedland and the HPX
USD$44.5M/11-year Earn -in Agreement on Brixton’s Hog Heaven Copper-Gold-Silver
Project
• Expanded the technical team by the addition of Colin McGillivray, Senior Modeler and Susan
Flasha, Corporate Development
Thorn Project Highlights from 2021
• Confirmed a new discovery of a Cu-Au-Ag-Mo porphyry at the Camp Creek Target: THN21-
184 yielded 821.25m of 0.40% CuEq including 318m of 0.69% CuEq including 14m of
1.04% CuEq. The target remains open at depth
• Completed 5770.12m of drilling, consisting of 2662.78m at Camp Creek and 3107.34m at
Trapper
• Demonstrated gold endowment of the Trapper Target with drill hole THN21-186 yielding
139.00m of 2.14 g/t Au including 11.5m of 19.26 g/t Au including two highest grade intercepts
to date of 0.46m of 276.0 g/t Au and 0.50m of 160 g/t Au . The target remains open along
strike and at depth
• Collected and analyzed 417 rock samples and 607 soil samples which identified several
new areas of interest for copper and gold mineralization and extended the gold
geochemical footprint of the Trapper anomaly to 4km in length
• Completed 1072-line kilometers of Magnetic and Mobile MT geophysical surveys, structural
mapping, geochronology and geochemistry supporting an emerging Triassic -Eocene
porphyry Cu-Au-Ag-Mo belt with multiple porphyry centers
• Expanded and upgraded the Thorn camp capacity to host more than 50 people
Planned 2022 Thorn Program
• Drill up to 20,000 meters with a primary focus on the Camp Creek Cu -Au-Ag-Mo Porphyry
Target and the Trapper Gold Target
• Secondary targets include drilling at the Outlaw Gold-Silver Target and potentially drilling at
the Metla Copper-Gold Porphyry Target
• Conduct geophysical surveys over the Metla and Trapper Target areas
• Collect 3000 to 5000 soil-rock samples and geochemical modeling on new targets
• Collaboration with MDRU to improve our porphyry fertility understanding and porphyry
vectoring techniques
Chairman and CEO Gary R. Thompson Stated, “We are very excited about the new discoveries
that were made at the Thorn Project in 2021. This season is shaping up to be transformative for
Brixton as we continue to demonstrate the potential of this emerging copper-gold porphyry belt
within the 2600 square kilometer, wholly owned Thorn Project. We plan to be drilling multiple large-
scale targets with a minimum of 2 drills turning all season.”
Camp Creek Copper Porphyry Target
Brixton Metals made significant progress in 2021 on the blind Camp Creek Copper Porphyry Target.
A total of 2662.78m of core was drilled with THN21-183 being the deepest hole on the property. Drill
holes 162, 181,183 and 184 show copper, gold, silver and molybdenum grades, as well as porphyry
index values (MPIx), increasing with depth and ending in mineralization. The bottom of holes 183
and 184 are approximately 286m apart.
Click here for Figure 1. Camp Creek Copper Drilling 2021, CuEq (left) and MPIx Values (right),
Looking East:
https://brixtonmetals.com/wp-content/uploads/2022/01/Figure-1_21Jan2022-CC.jpg
Collaborators at UBC’s Mineral Deposit Research Unit (MDRU) identified four geochemically distinct
porphyry phases, with “porphyry X” being the primary mineralized unit . Porphyry X is a crowded
plagioclase porphyry of Cretaceous age, characterized by well -defined stacked biotite, a feature
typical of mineral-related porphyry phases. Mineralization is also hosted in Triassic Stuhini Group
sedimentary rocks, which are intruded by the porphyry phases. Radiometric dating of these
porphyries using the U -Pb zircon method showed they were emplaced approximate ly 85 million
years ago, confirming an age similar to the Pebble copper -gold-molybdenum deposit in southwest
Alaska. The reference to Pebble is important because pre-faulting architecture by Goldfarb et al.
(2013) place Thorn inboard of Pebble during depos ition and that about 1100km of dextral
displacement has occurred post accretion , moving Pebble to where it is located today. MDRU
conducted short-wave infrared (SWIR) analyses and interpretation. The SWIR analyses indicate
higher temperatures towards the west-northwest, please see Figure 2 below.
Click here for Figure 2. Current Research in Collaboration with MDRU on SWIR Analysis, Camp
Creek Target:
https://brixtonmetals.com/wp-content/uploads/2022/01/Figure-2_21Jan2022-swir.jpg
The Camp Creek porphyry mineralization is thought to have a footprint of about 1km by 2km based
on the surface expression of several different high-sulphidation mineralized zones including the
Talisker and Glenfiddich Zones and the Oban Diatreme Breccia Zone.
The aim of the 2022 drilling at Camp Creek will be to test for the high-grade core of this copper
dominant porphyry system with 4 to 6 deep holes with the aid of drill-wedges.
The Trapper Gold Target
The Trapper Gold Target was a major focus of the 2021 season . Following the 2020 acquisition of
the Trapper claims and royalties, this was the first full exploration season conducted by Brixton which
successfully highlighted the gold endowment of the target.
Brixton drilled 15 holes for a total of 3107.34m. Standout holes include THN2 1-186 that reported
139.00m of 2.14 g/t Au including 11.5m of 19.25 g/t Au and THN21-195 with 84.00m of 1.1 g/t Au.
Table 1 below provides the 2021 Trapper drill results, including the balance of the 2021 Trapper drill
results not previously released.
The Trapper Target consists of volcanic and volcaniclastic rocks of the Upper Triassic Stuhini group,
which are intruded by Cretaceous quartz diorite, interpreted as part of the Thorn Magmatic Suite.
The quartz diorite is associa ted with high -grade gold mineralization at Trapper, including a broad
gold zoning that extends into the Stuhini volcanic rocks.
Table 1. Trapper Gold Target Select Assay Intervals from 2021.
Hole From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Au
(g*m) Date Released
THN21-
185 7.82 274.00 266.18 0.14 38.00 November
12th, 2021
Incl. 7.82 19.00 11.18 1.02 11.45
THN21-
186 2.49 190.00 187.51 1.60 300.82
November
12th, 2021
Incl. 48.00 187.00 139.00 2.14 297.46
Incl. 49.50 61.00 11.50 19.26 221.54
Incl. 50.00 50.50 0.50 160.00 80.00
And 60.54 61.00 0.46 276.00 126.96
THN21-
187 2.82 58.00 55.18 0.21 11.72 November
12th, 2021
Incl. 30.70 43.00 12.30 0.68 8.30
THN21-
188 82.50 141.00 58.50 0.11 6.52 December 6th,
2021
Incl. 131.00 141.00 10.00 0.37 3.71
THN21-
189 3.62 121.60 117.98 0.13 15.71 December 6th,
2021
Incl. 3.62 25.00 21.38 0.43 9.12
THN21-
190 72.00 94.78 22.78 0.12 2.83 December 6th,
2021
THN21-
191 168.82 188.50 19.68 0.64 12.54 December 6th,
2021
Incl. 172.30 180.00 7.70 1.34 10.31
THN21-
192 13.94 33.67 19.73 0.93 18.41 December 6th,
2021
Incl. 13.94 14.44 0.50 20.50 10.25
THN21-
193 101.45 118.00 16.55 0.29 4.88 This Release
THN21-
194 12.00 16.00 4.00 0.24 0.95 This Release
THN21-
195 52.00 198.00 146.00 0.74 108.42
December 6th,
2021 Incl. 114.00 198.00 84.00 1.10 92.53
Incl. 167.00 198.00 31.00 2.00 62.15
THN21-
196 47.00 143.50 96.50 0.50 47.81 This Release
Incl. 49.00 54.50 5.50 3.47 19.07
THN21-
197 35.00 40.00 5.00 2.19 10.94 This Release
And 108.00 111.53 3.53 1.94 6.84
THN21-
198 258.00 264.00 6.00 0.60 3.57 This Release
THN21-
199 7.00 258.47 251.47 0.02 4.68 This Release
Core samples were cut in half and sampled predominantly at 1m intervals. All assay values are uncut
weighted averages. Intervals reflect drilled intercept lengths as further drilling is required to determine
the true widths of the mineralization.
Click here for Figure 3. Visible Gold Drill Core Intercepts from the Trapper Target:
https://brixtonmetals.com/wp-content/uploads/2022/01/Figure-3_21Jan2022-VG.jpg
Geochronology was completed at Trapper yielding an age date from U-Pb Zircon method of 85.2 ±
1.2 Ma for the quartz diorite, the primary lithology which hosts gold mineralization. This Cretaceous
age date is contemporaneous with the porphyry host rocks at Camp Creek Porphyry Target. Terrane
Geosciences was contracted to conduct a structural mapping in the area, please see Figure 3 below.
At surface, soil and rock geochemistry outline a 4km north-northwest gold trend and up to 1.5km in
width with 2021 rock grab samples assaying up to 135.5 g/t Au. Gold-in-soil values have a strong
positive correlation to lead and zinc. Several new copper -gold-silver showings were discovered
outside the Trapper Gold trend in 2021 with values up to 23.5 g/t Au and 5.2% Cu.
Click here for Figure 4. Trapper Gold Target, Geology, Drilling and Rock Geochemistry:
https://brixtonmetals.com/wp-content/uploads/2022/01/Figure-4_21Jan2022-trapper.jpg
Trapper will be a primary drill target for the 2022 season including 10,000-15,000m of drilling, with
additional mapping, geochemical and geophysical surveys.
Outlaw Gold Target
The Central Outlaw Target is located more than 3km to the southeast from the Camp Creek Target.
Gold Mineralization is hosted with clastic sediments as Triassic Stuhini group interbedded siltstone-
graywacke where a gold-in-soil anomaly is about 5km long in an east-west trend. Mineralization is
stratiform and within structural controlled areas and is thought to be to related to Jurassic dacite
dykes that intrude the sediments. The Central Outlaw Zone has seen most of the drilling to date
providing a continuous strike of 600m with drill results up to 59m of 1.1 g/ Au . The highest surface
rock grab sample was from the East Outlaw area returning 22.98 g/t Au. Please see Figure 4 below
for the gold-in-soils and the Central and East Outlaw drilling and rock sample results.
The plan at the Outlaw Target in 2022 is to drill for continuity and extension of gold mineralization
between the Central and East Zone through 4-6 widely spaced drill holes.
Click here for Figure 5. Outlaw Zone, Gold-in-soils and Central-East Outlaw Zone Drilling:
https://brixtonmetals.com/wp-content/uploads/2022/01/Figure-5_21Jan2022-outlaw.jpg
Metla Copper-Gold Porphyry Target
Metla is a copper-gold porphyry anomaly within the Thorn Project and is located about 15km to the
Southeast from the Trapper area. The Metla claims were acquired in 2020 from Stuhini Exploration.
Major rock units at Metla include sedimentary and mafic- to ultramafic-intrusive rocks of the Stikine
assemblage, volcanic and volcaniclastic rocks of the Stuhini Group, Late Cretaceous to Paleocene
felsic intrusive rocks, and hydrothermal breccia dykes that crosscut all of the previous units. Recent
U-Pb zircon age dating indicates that the Au-Cu bearing granodiorite is Triassic in age, 220 +/ - 3.1
Ma. Several distinct styles of mineralization occur in the Metla area including potassic altered diorite
unit with bornite, chalcopyrite and chalcocite that returned 4.7% Cu, 1.8 g/t Au, 31 g/t Ag. Showings
of massive pyrite, chalcopyrite and sphalerite are hosted in the hydrothermal breccia where rock
samples have returned up to 62.7 g/t Au and 4.54% Cu. A 19 89 trench by Cominco returned 9m of
4.6 g/t Au.
The 2022 exploration program will include extensive geochemistry, geological mapping and airborne
radiometric and electrical geophysical surveys over the Metla target and will be used to define drill
targets.
Click here for Figure 6. Metla Target Area, Copper-Gold Geochemistry and Geology:
https://brixtonmetals.com/wp-content/uploads/2022/01/Figure-6_21Jan2022r.jpg