Press release from Marketwire
Brixton Metals Expands the OBAN Zone and Drills up to 1,275 g/t Silver or 1,325 g/t AgEq
Wednesday, August 28, 2013
Brixton Metals Expands the OBAN Zone and Drills up to 1,275 g/t Silver or 1,325 g/t AgEq09:00 EDT Wednesday, August 28, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 28, 2013) - Brixton Metals Corporation (TSX VENTURE:BBB) (the "Company" or "Brixton") is pleased to announce drill results from its phase one exploration program at its 100 percent owned Thorn project. Brixton completed 28 drill holes for a total of 4,617 metres of NQ sized core diamond drilling within and near the Oban diatreme-breccia zone.
Oban Zone 2013 Drill Results Highlights
- THN13-89 was collared approximately 60 metres in a westerly direction from hole 60. THN13-89 returned 1.00 metre of 1,060.00 g/t Ag or 1167.46 g/t AgEq within 4.00 metres of 415.50 g/t Ag or 482.85 g/t AgEq within a broader interval of 113.50 metres of 58.65 g/t Ag or 81.30 g/t AgEq from 38.20 metres depth.
- Near surface silver rich mineralization at the Oban zone was extended by 70 metres in the northerly direction from hole 60. THN13-101 returned 1.31 metres of 1,275.00 g/t Ag or 1,325.00 g/t AgEq from 12.19 metres depth within 17.13 metres of 165.53 g/t Ag or 180.35 g/t AgEq. THN13-102 from the same pad returned 5.00 metres of 288.52 g/t Ag or 407.69 g/t AgEq including 2.00 metres or 598.50 g/t Ag or 759.52 g/t AgEq.
- The Oban zone remains open at depth and strike in several directions. The 2013 drilling has confirmed that the high grade mineralization in not restricted to the Oban breccia and is also hosted by the Thorn stock.
- A new sphalerite-galena zone was discovered in THN13-93 and THN13-103 which are about 30 metres from each other. This zone is located 90 metres north of hole 60. THN13-103 intersected 1.28 metres of 156.00 g/t Ag or 650.99 AgEq at about 140 metres depth within 4.28 metres of 66.30 g/t Ag or 269.89 AgEq. The extent of this zone remains to be tested.
- A new pyrite-tetrahedrite zone discovered in THN13-95 at about 130 metres depth which returned 5.00 metres of 227.33 g/t AgEq including 2.33 metres of 136.74 g/t Ag or 467.34 g/t AgEq. This zone is located 200 metres southwest from hole 60. This new zone includes hole THN13-112 which returned 3.60 metres of 317.36 g/t AgEq within 5.25 metres of 225.27 g/t AgEq. The extent of this zone remains to be tested.
To view select photographs of the core click this link: http://brixtonmetals.com/thorn-core-photos/
Chairman and CEO of Brixton, Gary Thompson stated "This recent drill program continues to demonstrate the high grade (high margin) potential of the Thorn project. Additional drilling is required to further expand these high grade zones and to test the many high grade silver-gold targets that exist on the Thorn Property" Mr. Thompson further added "Our goal is to conduct follow up exploration before the end of the 2013 season".
Core holes THN13-88, 89 and 90 were collared from the same pad (Click this link to view a map of drill hole locations: http://brixtonmetals.com/thorn-2013-drill-hole-locations-map/) located approximately 40 metres from THN12-84 as a southwest extension test. Hole THN13-90 was collared from the same pad as holes 88 and 89 and was drilled to test the continuity of mineralization between holes 83 and 84 and to test the easterly limits of mineralization in this area. THN13-89 was drilled parallel to holes 83-84 and returned 1.00 metre of 1,060.00 g/t Ag or 1,167.46 g/t AgEq within 4.00 metres of 415.50 g/t Ag or 482.85 g/t AgEq and within a broader interval of 113.50 metres of 58.65 g/t Ag or 81.30 g/t AgEq from 38.20 metres depth. Mineralization consists of breccia matrix infill of pyrite-sphalertite-galena-tetrahedrite and sulphosalts. Click this link to see table of drill locations: http://brixtonmetals.com/thorn-2013-drill-hole-locations/. The table below is a summary of drill results for THN13-88, 89 and 90. THN13-90 intersected 3.00 metres of 363.67 g/t Ag or 446.11 AgEq from 28.50 metres within 16.00 metres of 163.28 g/t Ag or 203.20 g/t AgEq within a broader interval of 161.63 metres of 62.15 g/t Ag or 115.85 g/t AgEq.
Click this link to view a cross-section of these holes: http://brixtonmetals.com/a-a-cross-section/
Holes THN13-91, 92 and 93 were drilled from the same pad which was located approximately 50 metres from hole 60 as a north extension test of the Oban zone. THN13-91 was a vertical hole and holes 92 and 93 were drilled at 310 degrees azimuth. THN13-91 intersected 1.00 metre of 261 g/t Ag or 483.62 g/t AgEq from 19 metres depth within 9.72 metres of 127.39 g/t Ag or 268.28 g/t AgEq within a broader interval of 92.15 metres of 24.01 g/t Ag or 53.19 g/t AgEq from 6.35 metres depth. THN13-92 was abandoned due to poor ground conditions. THN13-93 intersected two zones of mineralization. The upper zone intersected 73.73 metres from 10.27 metres depth and the lower zone intersected 11.50 metres from 161.25 metres depth. The high grade interval was 2.95 meters of 305.86 g/t Ag or 525.97 g/t AgEq from 17.05metres depth. See table below for details.
Click this link to view a cross-section of these holes: http://brixtonmetals.com/b-b-cross-section/
Holes THN13-94, 95 and 96 were drilled from the same pad at 130, 212 and 10 degrees azimuths respectively. THN13-95 is a new silver-copper zone of pyrite-tetrahedrite mineralization located 200 metres from hole 60. THN13-95 returned 5.00 metres of 227.33 g/t AgEq which includes 2.3 metres of 136.75 g/t Ag or 467.34 g/t AgEq at about 130 metres depth. This new zone includes hole THN13-112 which returned 3.60 metres of 317.36 g/t AgEq. The extent of this zone remains to be tested. See table below for details.
Click this link to view a cross-section of these holes: http://brixtonmetals.com/c-c-cross-section/
Holes THN13-97, 98, 99 and 100 were drilled from the same pad located near the northern boundary of the Oban diatreme breccia. The most significant hole was THN13-100 which returned 9.80 metres of 50.38 g/t Ag or 103.18 g/t AgEq from 30.20 metres depth. See table below for details.
Holes THN13-101, 102 and 103 were drilled from the same pad, as a 70 metre step to the north from hole 60. THN13-101 intersected 1.31 metres of 1,275 g/t Ag or 1,325 g/t AgEq from 12.19 meters depth within 17.13 metres of 165.53 g/t Ag or 180.35 g/t AgEq from surface. THN13-102 intersected 2.00 metres of 598.50 g/t Ag or 759.52 g/t AgEq within 5.00 metres of 288.52 g/t Ag or 407.69 g/t AgEq within a broader interval of 150.45 metres of 42.90 g/t AgEq. A new zone of sphalerite-galena was discovered in THN13-103 which intersected 1.28 metres of 156.00 g/t Ag or 650.99 AgEq at about 140 metres depth within 4.28 metres of 66.30 g/t Ag or 269.89 AgEq. See table below for details.
|Note: 0 - 12.19m - low recovery|
Holes THN13-104, 105, 106 and107 and THN13-111 and112 were drilled in the new Oban SW pyrite-tetrahedrite zone. THN13-108, 109 and 110 were drilled at the northern extent of the Oban diatreme-breccia. THN13-113, 114 and 115 were drilled targeting the new sphalerite-galena zone discovered in hole THN13-103 and these holes were not completed to target depth due to ground conditions. Hole THN13-113 ended in mineralization. See table below for details.
|THN13-104||No significant results|
|THN13-109||No significant results|
|THN13-114||No significant results|
For a summary of all tables found in this new release and a link to a table of complete drill results click on this link: http://brixtonmetals.com/thorn-2013-drill-results/
Mr. Sorin Posescu, P.Geo., VP Geology, is a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.
Quality Assurance & Quality Control
Mr. Sorin Posescu, P.Geo., VP Geology prepared a QAQC protocol for the Company and oversaw sampling procedures. Ms. Caroline Vallat, P.Geo., from GeoSpark Consulting Inc. conducted an independent QAQC review which returned strong accuracy of the analytical results and confidence in the certificates overall is good throughout. Sealed samples were shipped by the Company geologists to ALS Minerals preparation lab in Whitehorse, Yukon. ALS Minerals laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Blank, duplicate and certified reference materials were inserted into the sample stream. Analysis for gold was done by Fire Assay with AA finish. All other elements were analyzed by Aqua Regia Digest with ICP-AES finish. Silver over-limits were analyzed by fire assay with gravimetric finish. Base metal over-limits were analyzed with Aqua Regia Digest and AA finish. A copy of the QAQC protocols can be viewed at the Company's website.
Silver equivalent (AgEq) values were calculated using $1,088 per ounce of gold, $19.62 per ounce of silver, $3.20 per pound for copper $0.80 per pound of lead, $0.80 per pound of zinc, all with 100% metal recoveries assumed.
AgEq = Ag g/t + (Au g/t x 34.98/0.63) + (Pb% x 17.64/0.63) + (Zn% x 17.64/0.63) + (Cu% x 70.55/0.63)
About Brixton Metals and its Thorn Project
Brixton Metals is an exploration company focused on the advancement of high-grade precious metal assets to feasibility. The primary focus at the Thorn project is high-grade silver-gold-lead-zinc-bearing diatreme-breccia zones and high-grade gold-silver-copper veins. Secondary targets include porphyry, skarn, replacement, and bulk tonnage gold targets. The Thorn project covers a Jurassic to Cretaceous volcanic-porphyry complex that shares similarities with other high sulphidation deposits around the world such as Lepanto-FSE in the Philippines, Penasquito in Mexico and El Indio in Chile. The 27,000-hectare Thorn Project is located in the Sutlahine River area of Northwestern British Columbia, Canada, approximately 40 km from Chieftain's Tulsequah Chief mine development.
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
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, or other similar expressions. All statements, other than statements of historical fact, included herein including, statements regarding future exploration programs and the expected results of the exploration program, without limitation, are forward looking statements. 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 TSX-V 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.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Brixton Metals Corporation
Mr. Gary R. Thompson
Chairman and CEO