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Brixton Metals Corp
Symbol BBB
Shares Issued 97,918,594
Close 2013-08-07 C$ 0.13
Market Cap C$ 12,729,417
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Brixton Metals samples 13.5 g/t Au, 207 g/t Ag at Thorn

2013-08-08 12:37 ET - News Release

Mr. Gary Thompson reports

BRIXTON METALS SAMPLES 13.5 G/T AU AND 207 G/T AG FROM SOILS AND PROVIDES UPDATE

Brixton Metals Corp. has completed its phase one exploration program at its 100-per-cent owned Thorn project. Brixton also reports that the recently announced financings were fully subscribed and are now closed.

Brixton completed 28 drill holes for a total of 4,617 metres of NQ-sized core diamond drilling, collected 1,264 soil samples, seven rock grab samples and undertook structural geological mapping. Drilling was focused on the Oban diatreme-breccia zone. The soil sampling was conducted in the Oban-Camp Creek, Outlaw, Amarillo and the West La Jaune areas. The structural geology work covered an area of eight kilometres by three km within the southern portion of the property. All core samples have now been submitted to ALS Minerals for analysis and will be released upon receipt and quality assurance/quality control review.

Chairman and chief executive officer of Brixton, Gary Thompson, stated: "This phase of exploration was successful in reducing drilling exploration costs from $400 per metre to $300 per metre on an all-in-cost basis, leaving Brixton with a healthy treasury of approximately $1.2-million going into the fall season. An extended thank you goes out to all of our contractors and service providers who made this possible." Mr. Thompson further added: "The drilling was successful in identifying new zones of mineralization in the Oban area ranging up to 250 metres from the discovery hole 60. Results are pending. The soils were effective in identifying new soil anomalies from previously untested ground with a high of 207 grams per tonne silver located southeast of Oban and 13.5 grams per tonne gold located northeast of the Oban zone. The structural work has increased our understanding substantially, showing an abundance of fault networks that provide new targets for future drilling." A photograph of the core is available on the company website. Please note the core shown on the photrograph does not represent all core drilled this season.

Highlights of soil sampling results:

  • A total of 1,264 soil samples were collected during the phase one 2013 exploration program. Soil samples were collected from the B-horizon or talus fines where poor soil development was present. Soil samples were submitted to AGAT Laboratories' preparation lab in Whitehorse, Yukon, and were analyzed by Aqua Regia Digest with ICP/ICPMS finish. AGAT Laboratories is recognized to meet international standards ISO 9001:2000.
  • Outlaw area:
    • A total of 673 samples were collected in the Outlaw area. Sampling was conducted as infill to historical sampling at 25-metre stations and 50-metre line spacing in a north-south direction. Sampling was also conducted along ridge lines at 100-metre spaced stations. Results from Outlaw this season returned 226 samples greater than 30 parts per billion gold, 132 samples greater the 100 parts per billion gold, 18 samples greater than 500 parts per billion gold and five samples greater than 1,000 parts per billion gold with a high of 2,390 parts per billion gold. The gold in soil geochemical anomaly at Outlaw is 2.5 km times up to 0.9 km in an east-west direction.
  • Oban-Camp Creek area:
    • A total of 296 samples were collected in the Oban-Camp Creek area.
    • Results from this area returned 56 samples greater than 30 parts per billion gold, 41 samples returning greater the 100 parts per billion gold, nine samples returned greater than 500 parts per billion gold and nine samples returned greater than 1,000 parts per billion gold with a high of 13,500 parts per billion gold and 81.1 parts per million silver, located 550 m northeast of the main Oban area.

Structural geology summary conducted by SRK Consultants Canada Inc., identified a consistent structural network of faults with the eight km by three km area. Areas with a high degree of cross-faulting have shown to be of importance for mineralization. The preliminary interpretation suggests that the master faults trend north-south to north-northeast with subordinate northeast-southwest and east-west faults.

It appears that the maximum and favourable dilation occurs in the northwest-southeast direction, as evidenced by veining in several rock outcrop locations. Based on this structural work, a high number of targets have been identified for further testing.

Sorin Posescu, PGeo, vice-president geology, is a qualified person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.

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