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Brixton Metals Corp (2)
Symbol BBB
Shares Issued 144,595,374
Close 2020-07-07 C$ 0.265
Recent Sedar Documents

Brixton Metals drills 224.85 m of 78.16 g/t Ag at Hog

2020-07-07 10:50 ET - News Release

Mr. Gary Thompson reports

BRIXTON METALS DRILLS 1,750 G/T AG, 5.39 G/T AU, 2.65% CU OVER 1.37M WITHIN A BROAD 224.85M OF 78.16 G/T AG, 0.66 G/T AU, 0.24% CU AT ITS HOG HEAVEN PROJECT

Brixton Metals Corp. has released initial drill results from the maiden drill program at its wholly owned Hog Heaven project, which returned multiple significant intervals of high-grade silver, gold and copper mineralization. A total of seven holes, representing 1,400.35 metres, were drilled of HQ-sized core.

Gary R. Thompson, chairman and chief executive officer of Brixton, stated: "We are very pleased to have successfully completed our maiden drill program at the Hog Heaven project. The new strategic approach under Brixton is to define a compliant resource on the high-grade silver-gold-copper targets as a near-term underground operation versus the historic mine plan, which was an open-pit mine plan. Based on these results and our preliminary interpretation of the remaining holes, we plan to complete a phase 2 exploration program at the Hog Heaven project later this summer."

The purpose of this drilling program was to validate historical results from the 1970s and 1980s at the Main mine area. High-grade mineralization was encountered in all of the holes drilled.

Highlights of hole HH20-02

Drill hole HH20-02 intersected a broad 224.85 m zone of mineralization for 78.16 grams per tonne silver, 0.66 gram per tonne gold and 0.24 per cent copper (75.07 m to 299.92 m), including the following:

  • 5.48 m of 445.79 g/t Ag, 1.41 g/t Au and 1.5 per cent Cu;
  • 2.13 m of 917.36 g/t Ag, two g/t Au and 3.06 per cent Cu;
  • 53.49 m of 165.9 g/t Ag, 1.28 g/t Au and 0.55 per cent Cu;
  • 13.56 m of 185.8 g/t Ag, 2.24 g/t Au and 0.76 per cent Cu;
  • 1.37 m of 1,750 g/t Ag, 5.39 g/t Au and 2.65 per cent Cu.

Brixton plans to discuss these results, along with the continuing work at its Thorn project, during a webinar on Tuesday, July 7, 2020, at 2 p.m. ET (11 a.m. PT).

High grades emerged within the hole as two distinct upper and lower zones.

The upper zone interval of 36.18 metres is from 75.07 metres to 111.25 metres of depth. Several semi-massive-to-massive sulphide mineralization within a latite porphyry dike and along its brecciated margins. A specific high-grade interval within the upper zone includes 5.48 metres of 445.79 g/t Ag, 1.41 g/t Au and 1.5 per cent Cu, including 2.13 metres of 917.36 g/t Ag, two g/t Au and 3.06 per cent Cu.

The lower zone interval of 53.49 metres is from 198.12 metres to 251.61 metres, encountered in the sediment-hosted unit, a newly recognized mineral style at Hog Heaven. In this zone, mineralization is stratabound within pebble conglomerates and occurs over numerous semi-massive-to-massive and vuggy replacement horizons. In total, the 53.49-metre interval in the lower zone returned 165.90 g/t Ag, 1.28 g/t Au and 0.55 per cent Cu. Several high-grade intervals within the zone returned: 9.45 metres assaying 221.90 g/t Ag, 1.05 g/t Au and 0.94 per cent Cu; 0.32 metre assaying 1,010 g/t Ag, 7.47 g/t Au and 0.64 per cent Cu; and 13.56 metres assaying 185.8 g/t Ag, 2.24 g/t Au and 0.76 per cent Cu. An additional massive sulphide horizon from the lower zone assayed 1.37 m of 1,750 g/t Ag, 5.39 g/t Au and 2.65 per cent Cu.

The assay intervals reported are uncut weighted averages, and true widths cannot be determined at this time. Hole HH20-02 was drilled as a vertical hole to a depth of 299.92 metres.

Brixton recognizes the potential for the Hog Heaven project to host a cluster of mineralized systems. Results from recent soil sampling and other recently completed drill holes on the Hog Heaven project will be released when they have been received and analyzed by the company.

At least three primary target areas have been identified for further drilling: (i) the Main mine area; (ii) the WF-Ole Hill area; and (iii) the Martin mine area. The project has affinity for stratabound Cu-Ag deposits, high-sulphidation Ag-Au-Cu deposits and porphyry Cu-Au deposits.

Quality assurance/quality control

As a matter of procedure, the mineralized intervals of drill core were split in the field using an electric-powered core saw, bagged and delivered to ALS Chemex's laboratory in Vancouver for analysis. In addition to the laboratory's quality control program, a rigorous on-site quality assurance/quality control program was implemented, which involved the insertion of blanks, standards and splits to ensure reliable assay results. The standards, blanks and duplicate assays were found to fall within acceptable limits, supporting the precision and accuracy of the reported results. The quality assurance/quality control program was conducted by an independent third party, Scott Close, PGeo, principal of Ethos Geological Inc., a qualified person as defined by National Instrument 43-101. Mr. Close reviewed and approved the information in this press release.

Mr. Thompson further stated: "The company has accepted the resignation of Mr. Sorin Posescu, vice-president, exploration, for the company. On behalf of everyone at Brixton, I wish to thank Mr. Posescu for his work over the past decade and wish him the best in his future endeavours."

Effectively immediately, Mitchell Smith has been promoted to vice-president of investor relations.

About Brixton Metals Corp.

Brixton is a Canadian exploration and development company focused on the advancement of its mining projects toward feasibility.

We seek Safe Harbor.

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