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Brixton Metals Corp (2)
Symbol C : BBB
Shares Issued 90,266,981
Close 2019-06-05 C$ 0.125
Recent Sedar Documents

Brixton Metals begins drilling at Thorn

2019-06-06 10:22 ET - News Release

Mr. Gary Thompson reports

BRIXTON METALS STARTS DRILLING AT ITS THORN PROJECT AND PROVIDES UPDATE ON ITS ATLIN GOLDFIELDS PROJECT

Brixton Metals Corp. has kicked off the exploration program at its Thorn project located in northwest British Columbia. The initial 2019 program will consist of 1,000 metres of HQ-size core drilling at the Oban zone (within the Camp Creek trend) to test for porphyry copper mineralization at depth.

Gary R. Thompson, chairman and chief executive officer of Brixton Metals, stated: "This one deep hole at Thorn could be a game changer for the project, particularly if we continue to hit copper mineralization at the bottom of the 1,000-metre hole. The Thorn project has evolved over the years from the silver discovery in 2011 to the sediment-hosted gold-silver discovery at the Outlaw zone in 2014 and now to copper porphyry at the Chivas and Camp Creek targets. The majority of the previous work on the property is within a 60-square-kilometre area, and many historic copper-gold-molybdenum Minfile showings and gossans on the nearly 1,000-square-kilometre property have yet to be followed up. The discovery rate for mineralization on the Thorn property is high."

Update on the Atlin goldfields project

The company has received the final report of the recently flown 1,992-line-kilometre helicopter-borne magnetic survey carried out by Geotech Ltd. at its Atlin goldfields project located in northwest British Columbia. The principal geophysical sensor was a cesium magnetometer. Ancillary equipment included a GPS (global positioning system) navigation system, radar altimeter and laser altimeter.

The survey has been successful in identifying a large number of geophysical anomalies and features. The ultramafic rock units tend to show up as magnetic highs. The orogenic gold mineralization at the Atlin goldfields project is structurally controlled, and the interpretation of the newly acquired geophysical data highlights a large number of structures and cross-structures that could potentially control the gold mineralization. Both steeply dipping faulting and shallow thrust faulting occur in the camp. The company is planning to further refine its exploration model to include the recently acquired geophysical data and plans to follow up some of the more favourable features through shallow drilling. Please see the 2019 calculated vertical gradient map of the magnetics survey, including structural interpretation, selected drill results and surface geochemistry from previous work, on the company's website.

The road-accessible Pictou showing returned four grams per tonne gold and 11 grams per tonne gold from 2018 chip-grab samples and historical grab samples have returned up to 61 grams per tonne gold. These are select samples and are not representative of the mineralization hosted on the property or on the showing.

Update on corporate activities

The company has elected not to proceed with the previously announced spinout of its cobalt assets as contemplated in the news release dated June 28, 2018.

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

About Brixton Metals Corp.

Brixton Metals 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 copper-gold-silver and the Atlin goldfields projects located in northwest British Columbia, the Langis-Hudson Bay silver-cobalt project in Ontario, and the Hog Heaven silver-gold-copper project in northwest Montana, United States.

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