VANCOUVER, British Columbia, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce results from the summer 2019 exploration program at its Atlin Goldfields Project. The exploration program consisted of shallow scout NQ sized core drilling at the LD and Pictou Zones, prospecting and soil geochemical survey over selection areas on the western region of the very large mineral claim group. The objective was to test for near surface gold mineralization, define new targets and expand the gold-in-soil anomalies.
- Drilling intersected gold mineralization in 13 of 22 drill holes
° BBB19-12 intersected 8.53 g/t Au over 2.00m from 40.00m depth
° BBB19-13 intersected 6.31 g/t Au over 1.00m from 52.00m depth
° BBB19-21 returned 5.45 g/t Au over 0.80m from 51.80m
- Rock grab sample from Union Mountain returned 45 g/t Au
- Soil sampling at the LD area expanded the gold-in-soil anomaly to 2.4 square kilometre
Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “We are encouraged by these results from our first significant exploration program at the Atlin Goldfields Project. The 45 g/t Au rock-grab result from Union Mountain, which is located about 4km to the northwest from the LD area, represents a new area of interest for us. The prospecting and soil sampling at higher elevations has been effective in generating new targets. We are looking forward to additional exploration work on the project in 2020. Targets within the Atlin Goldfields include high grade orogenic gold deposits and intrusion related gold deposits.”
Table of Drilling Highlights
The 2019 summer drilling program was designed to test for shallow gold mineralization at the LD and Pictou Zones. The Company drilled 1,390 metres in 18 holes at the LD Zone and 210 metres in four holes at the Pictou Zone for a total of 1,600 metres of NQ size core drilling.
The gold mineralization associated with sulphide mineralization or as visual gold and hosted in locally oxidized quartz-carbonate veining.
Soil and Rock Sampling Highlights
The Company received complete analytical results for 1,228 soil samples and 110 rock grab samples collected during 2019 at the Imperial Mine area, Union Mountain area and the LD area.
Analytical results from the soils collected returned up to 8.03 ppm Au with 31 samples greater than 0.1 ppm Au. The elevated gold-in-soil values appears to coincide with some of the interpreted geophysical features.
Results from the rock grab samples collected include 45 g/t Au and 6.1 g/t Au from the Union Mountain area; 8.57 g/t Au from the Imperial Mine area and 1.6 g/t Au from the LD area. Eight rock grab samples returned values greater than 0.1 ppm Au with the remainder of the samples returning values less than 0.1 ppm Au.
Mr. Sorin Posescu, P.Geo, Vice President Exploration for Brixton Metals and a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved the technical information in this news release.
Brixton Metals Corporation was an exhibitor at the September 2019 Metals Investor Forum in Vancouver and presented at the show. Please see the link below.
Backstage Interview with Brixton’s CEO Gary Thompson
About the Atlin Goldfields Project
Since 2016, Brixton has staked claims and completed 14 transactions to hold approximately 933 square kilometres of mineral rights in the Atlin Mining District within the Taku River Tlingit First Nations traditional territory of Northwest British Columbia. The project is located east of the town of Atlin and has an extensive road network. 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.
The LD Showing is approximately 12 km 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 g/t Au. During 2018, the Company completed geologic mapping, rock sampling, biogeochemical studies, and soil sampling which expanded the gold-in-soil anomaly to 1200 metres by 2000 metres. The gold-in-soil anomaly remains open to expansion.
The Pictou Showing is located 2 km from Atlin and is road accessible. Historic records going back to 1899 discovered gold-bearing quartz veins through 29 metres of underground workings. Homestake conducted exploration from 1987 to1988 and reported grab samples ranging from 15 to 60 g/t Au. The best channel sample across the showing assayed 14.3 g/t over 2 metres. Chip sampling by Brixton during 2018 of outcrop in the vicinity of the adit returned 11.75 g/t Au and 4.48 g/t Au.
The Yellowjacket Mine is a permitted 200 tpd 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 84m. The mine is road accessible and located 9 km from the town of Atlin. Core drilling by Homestake Minerals from 1986 to 1988 and the Yellowjacket JV 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: 5.57m of 509.96 g/t Au (16 opt gold)
- Hole TW05-02: 2.62m of 853.28 g/t Au (27 opt gold)
- Hole TW02-02: 13.50m of 11.21 g/t Au (0.36 opt gold)
- Hole MET06-03: 6.00m of 21.07 g/t Au (0.68 opt gold)
The Imperial Mine is approximately 3 km northwest of the Yellowjacket Mine and has a 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 g/t Au from a 150 metre-long gold-bearing quartz vein, Minfile 104N 008.
The Qualified Person (“QP”) for Brixton cannot verify the historic drill and surface geochemical results reported above 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 they have not been inspected by the QP, and therefore Brixton has not undertaken sufficient re-logging, resampling or check assays; however, Brixton has no reason to doubt the results and considers the results relevant and suitable for disclosure. The QP also advises that true width of the above results cannot be determined at this time. The results disclosed above 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.
About Brixton Metals Corporation
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 NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
For Investor Relations please contact Mitchell Smith
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds, By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.