2020 Highlights:
- Discovered porphyry Cu-Au-Ag-Mo mineralization at the
Camp Creek Target ,Thorn Project - Added 7 new large-scale Cu-Au targets at the
Thorn Project - Expanded the
Thorn Project to 2600 square kilometers, the largest inthe Golden Triangle - Entered into a
USD$44.5M Earn-in-JV with HPX on theHog Heaven Project - Started a 20,000m drill program at the
Langis Ag-Co Project - A rock grab sample returned 53.6 g/t Au from the
Atlin Goldfields Project - Strengthened the board and management team
- Ended the year with approx.
$9.3 million in the treasury
Chairman and CEO
2021 Objectives
- Follow-up deep drilling at the
Camp Creek porphyry Cu-Au-Ag-Mo discovery - Follow-up shallow drilling at the Trapper and Outlaw gold targets and advance other targets
- Complete the ongoing 20,000m drill program for high-grade Ag-Co at the
Langis Project - Close on the formal Earn-in-JV agreement with HPX and commence exploration funded by HPX targeting a copper-rich porphyry deposit
- Continue to explore strategic options for non-core assets
During the winter months of 2019-2020 Brixton acquired ASTER and SENTINEL-2 satellite data and processed it for alteration minerals over the entire
The Company completed 12km of IP and downhole IP in holes 150 and 162 over the
During 2020 Brixton carried out property wide surficial geochemical surveys including the collection of 5,588 soil samples and 1,473 rock samples.
- 81 rock samples returned greater than 1 g/t Au and 5 samples were greater than 31 g/t Au
- 68 rock samples returned greater than 1% Cu and 4 were greater than 5% Cu
- 38 rock samples returned greater than 100 g/t Ag and 6 were greater than 1000 g/t Ag
- 1057 soils were above 30 ppb Au, 263 were above 100 ppb Au and 45 were above 500 ppb Au
- 2298 soils were above 100 ppm Cu, 148 were above 500 ppm and 40 were above 1000 ppm Cu
Property scale exploration resulted in highlighting a 75-80km mineral trend, increasing the number of large-scale Cu-Au targets from 3 previously to 9 currently:
The target with the greatest number of high-grade gold samples was the Trapper Target which had 10 of the top 20 gold-in-rock samples and ranged from 6.0 g/t Au to 47.0 g/t Au. The highest gold value from the 1473 rocks samples was collected from the Outlaw West Target, which returned 68.8 g/t Au.
The highest copper-in-rock sample was 7.2% Cu sourced from the
The
Thorn 2020 Drilling Highlights
Diamond drilling totaled 5,291m consisting of 16 holes over 2,788m at the Outlaw West and Central Zones. The Central
- THN20-181 intercepted
Camp Creek porphyry mineralization; drills 439m 0.34% CuEq, including, 278m of 0.43% CuEq, including 105m of 0.60% CuEq with the bottom of the hole 6.2m of 2.27% CuEq
Using the following metal prices (average daily prices during last 12 months) of Cu $/lb = 2.7, Au $/oz = 1759, Ag $/oz = 19.6, Mo $/lb = 11.2.
Gold-silver mineralization at the Outlaw Target is associated with disseminated to semi-massive pyrrhotite and pyrite hosted in Trassic clastic sediments with weak to moderate alteration. Mineralization appears to be causative with Jurassic felsic dykes.
- THN20-172 returned 12.4m of 1.4 g/t AuEq incl. 5m of 3.1 g/t AuEq at the
Central Outlaw Zone - THN20-177 cut 44m of 0.6 g/t AuEq, incl. 22m of 0.7 g/t AuEq incl.8m of 0.8 g/t AuEq at the
Central Outlaw Zone - THN20-169 returned one meter of 8.7 g/t Au, 33.2 g/t Ag or 9.2 g/t AuEq at
West Outlaw Zone - THN20-165 returned 5.5m of 3.1 g/t AuEq from the
Outlaw West Zone
On
• HPX may earn 51% with a
• HPX may earn additional 24% (75% in total) with an additional
During May-
Hog Heaven Highlights from the 2020 Drilling:
A total of seven holes representing 1,400.35m were drilled of HQ sized core and high-grade mineralization was encountered in all of the holes drilled.
Drill hole HH20-02 intersected a broad 224.85m zone of mineralization for 78.16 g/t Ag, 0.66 g/t Au, 0.24% Cu (75.07m-299.92m) which includes the following:
- 5.48m of 445.79 g/t Ag, 1.41 g/t Au, 1.50% Cu
- 2.13m 0f 917.36 g/t Ag, 2.00 g/t Au, 3.06% Cu
- 53.49m of 165.90 g/t Ag, 1.28 g/t Au, 0.55% Cu
- 13.56m of 185.80 g/t Ag, 2.24 g/t Au, 0.76% Cu
- 1.37m of 1,750 g/t Ag, 5.39 g/t Au, 2.65% Cu
Drill hole HH20-07 intersected a broad 82.00m zone of sulphide mineralization for 67.09 g/t Ag, 0.73 g/t Au, 0.23% Cu (62.78m-144.78m) which includes the following:
- 45.27m of 77.30 g/t Ag, 1.27 g/t Au, 0.41% Cu
- 6.89m of 117.23 g/t Ag, 1.94 g/t Au, 0.28% Cu
- 0.97m of 1,885.00 g/t Ag, 4.68 g/t Au, 15.20% Cu
A 20,000m fall/winter drill-campaign is ongoing.
Langis Highlights of 2020 Drill Results:
- LM20-83 returned 5.00m of 1,293.34 g/t Ag, including 2.00m of 3,205.00 g/t Ag
- LM20-87 cut 9.00m of 374.03 g/t Ag, including 2.00m of 1,492.50 g/t Ag
- LM20-93 returned 3m of 647 g/t Ag from 32.6m including 1m of 1845 g/t Ag
A total of 617 soils were collected and prospecting resulted in 69 rock samples being collected.
- A rock grab sample from
Union Mountain returned 53.6g/t Au in listwanite-quartz vein
Qualified Person
Mr.
About
Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper 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-HudBay silver-cobalt Projects in
On Behalf of the Board of Directors
Mr.
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations, please contact:
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com
Cautionary Note
Neither the
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 statement.
Source:
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