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Brixton Metals Corp (2)
Symbol C : BBB
Shares Issued 90,266,981
Close 2019-07-05 C$ 0.13
Recent Sedar Documents

Brixton samples 8.57 g/t Au at Atlin, begins drilling

2019-07-08 09:20 ET - News Release

Mr. Gary Thompson reports

BRIXTON METALS STARTS DRILLING AND SAMPLES 8.5 G/T AU AT ITS ATLIN GOLDFIELDS PROJECT

Brixton Metals Corp. has kicked off the drilling program and provided results from the soil and rock samples collected in May, 2019, at its Atlin goldfields project located in northwest British Columbia. The 2019 drill program will consist of many shallow NQ size core drill holes on numerous targets to test for new, near-surface high-grade gold mineralization.

Gary R. Thompson, chairman and chief executive officer of Brixton Metals, stated: "We are excited to start our first-ever drilling campaign at the Atlin goldfields project. We are encouraged by the gold-in-soil and magnetic geophysical features around the Imperial mine. Our work in Atlin this year has focused on the western portion of the property with good road access. It is to be determined whether this area may be a new vein corridor system reaching from the Imperial mine to Wilson Creek in a northwest-southeast trend for approximately 20 kilometres inclusive of the Yellowjacket, Union and McKee areas. The project is highly prospective for both high-grade orogenic gold and intrusion-related gold deposits."

Highlights of May, 2019, soil and rock sampling

A total of 167 soil samples and 29 rock samples were collected at the Atlin goldfields project during May, 2019. The samples were collected at the Imperial, Union Mountain and LD zones. Results from the soils collected this season returned one sample of 8.03 parts per million gold, seven samples greater than 0.1 part per million gold and 159 samples less than 0.1 part per million gold. The elevated gold-in-soil values appears to coincide with some of the interpreted geophysical features. Results from the rock grab samples collected include 8.57 grams per tonne gold from the Imperial mine area, 6.1 grams per tonne gold from the Union Mountain area and 1.6 grams per tonne gold from the LD area. Four rock grab samples returned values greater than 0.1 part per million gold, with the remainder of the samples returning values less than 0.1 part per million gold.

The company is planning to collect additional soil and rock samples during the 2019 exploration program to further refine and generate new targets, with the priority area being the western portion of the property. The secondary area of interest this season is to follow up on the gold-in-soil and elevated tin-tungsten-bismuth-in-soil geochemical anomaly located on the eastern and northeastern area of the property that appears to have an intrusion-related gold signature.

About the Atlin goldfields project

Since 2016, Brixton has staked claims and completed 12 transactions to hold approximately 933 square kilometres of mineral rights in the Atlin mining district within the Taku River Tlingit First Nation's traditional territory of northwest British Columbia. The project is located east of the town of Atlin and is road accessible and is amenable to year-round drilling. Placer gold mining operations have been active in the Atlin goldfields for the past 120 years; however, only limited hard-rock exploration has been conducted for the source of the gold.

LD zone

The LD showing is approximately 12 kilometres from Atlin and is road accessible. Previous exploration work has discovered gold mineralization associated with quartz veins hosted within a shear zone. Grab samples collected by Brixton geologists have assayed up to 293 grams per tonne gold. During 2018, the company completed geologic mapping, rock sampling, biogeochemical studies and soil sampling, which expanded the gold-in-soil anomaly to 1,200 metres by 2,000 metres. The gold-in-soil anomaly remains open to expansion.

Pictou zone

The Pictou showing is located two kilometres from Atlin and is road accessible. Historic records going back to 1899 discovered gold-bearing quartz veins through 29 metres of underground workings. Homestake Minerals conducted exploration from 1987 to 1988 and reported grab samples ranging from 15 grams per tonne gold to 60 grams per tonne gold. The best channel sample across the showing assayed 14.3 grams per tonne gold over two metres. Chip sampling by Brixton during 2018 of outcrop in the vicinity of the adit returned 11.75 grams per tonne gold and 4.48 grams per tonne gold.

Yellowjacket mine

The Yellowjacket mine is a permitted 200-tonne-per-day mine and mill currently on care and maintenance. The zone is an example of bedrock-hosted gold mineralization. Drilling at Yellowjacket has been shallow with an average drill length of 84 metres. The mine is road accessible and located nine kilometres from the town of Atlin. Core drilling by Homestake Minerals from 1986 to 1988 and the Yellowjacket joint venture between 2003 and 2011 identified high-grade gold mineralization in multiple zones within an 80-metre-wide shear zone. Historical drilling results include significant gold intersections:

  • Hole YJ03-01: 5.57 metres of 509.96 grams per tonne gold (16 ounces per ton gold);
  • Hole TW05-02: 2.62 metres of 853.28 grams per tonne gold (27 ounces per ton gold);
  • Hole TW02-02: 13.50 metres of 11.21 grams per tonne gold (0.36 ounce per ton gold);
  • Hole MET06-03: 6.00 metres of 21.07 grams per tonne gold (0.68 ounce per ton gold).

Imperial mine

The Imperial mine is approximately three kilometres northwest of the Yellowjacket mine and has a mining history going back to 1899 immediately following the discovery of placer gold in the Atlin goldfields. Historic records indicate 268 metric tonnes were mined at a grade of 11.5 grams per tonne gold from a 150-metre-long gold-bearing quartz vein (Minfile 104N 008).

The qualified person for Brixton cannot verify the historic drill and surface geochemical results reported herein or the other technical information set out in this news release. The precise location of the drill cores from the program is presently unknown and the drill cores have not been inspected by the qualified person; and, therefore, Brixton has not undertaken sufficient relogging, resampling or check assays. However, Brixton has no reason to doubt the results and considers the results relevant and suitable for disclosure. The qualified person also advises that true width of the results cannot be determined at this time.

The results disclosed herein are selected intercepts or other highlights from historical work at the Atlin properties and none of this information is supported by a technical report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, and the company cautions readers that there is no certainty that these results are indicative of future exploration at the Atlin properties and there is no certainty of similar grades from future drilling.

Update on the Thorn project

The company successfully completed the drilling of the deep hole at the Oban zone to a final depth of 829 metres with HQ-sized core. The assay results will be released once they become available. In addition to the drilling, the relogging of core from previously drilled holes in the Camp Creek area and further geological mapping, along with infill soil-rock sampling, was conducted over the Chivas area.

Update on the Langis project

The analysis of the drill core from the Langis kimberlite target has returned results of no economic interest. The Langis project remains an attractive target for high-grade silver and cobalt mineralization, and the company plans to follow up on some of the recent high-grade drill intercepts when the silver and cobalt markets improve.

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

About Brixton Metals Corp.

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 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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