Brixton Metals starts drilling at its Thorn Project and provides update on its Atlin Project
Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that it 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 Oban zone (within the Camp Creek Trend) to test for porphyry copper mineralization at depth.
Chairman and CEO of Brixton Metals, Gary R. Thompson 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 1000 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 Cu-Au-Mo minfile showings and gossans on the nearly 1000 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 is also pleased to report that it has received the final report of the recently flown 1992 line-kilometres of 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 caesium magnetometer. Ancillary equipment included a GPS 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 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 favorable features through shallow drilling.
The road accessible Pictou showing returned 4 g/t Au and 11 g/t Au from 2018 chip-grab samples and historical grab samples have returned up to 61 g/t Au.
Update on Corporate Activities
The Company has elected not to proceed with the previously announced spin-out of its Cobalt assets as contemplated in the News Release dated June 28, 2018.
Mr. Sorin Posescu, P.Geo, is a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.
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.
Forward Looking Statements Apply: 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.