VANCOUVER, June 4, 2013 /CNW/ - Brixton Metals Corporation (TSX-V: BBB) (the "Company" or "Brixton") announces the start of exploration for 2013 at the Thorn Ag-Au-Pb-Zn-Cu project located in Northwestern British Columbia, Canada.
The Board of Directors has approved up to $2 million in exploration expenditures for the phase one 2013 exploration program and crews have been mobilized to the Thorn project site. The program will consist of approximately 4,000m of NQ sized core drilling, 1,600 soil samples and geological and structural mapping. Drilling will be focused on expanding high-grade mineralization at the Oban and Camp Creek zones. Soil sampling will be conducted over the Oban extension, Camp Creek, Amarillo and Outlaw zones. In addition the Company is developing a structural model that will provide a greater understanding of the controls to the mineralization which will assist in identifying drill targets.
Thorn Project Highlights: (as disclosed in previous Company new releases)
Oban Diatreme Breccia
- Oban zone hole 60 intersected 9.25m of 2,984.40 g/t Ag, 3.04 g/t Au, 11.65% Pb, 3.42% Zn and 0.53% Cu from 55.45m depth, within a broader interval of 95.08m grading 628.00 g/t Ag, 1.71 g/t Au, 3.31% Pb and 2.39% Zn from surface.
- Oban zone hole 84 intersected 123.00 m of 190.68 g/t Ag, 1.19 g/t Au, 3.25% Zn and 1.74% Pb within 310.00 m of 105.82 g/t Ag, 0.71 g/t Au, 1.76% Zn and 0.90% Pb from 26 m depth. Hole 84 was drilled sub-normal to hole 60.
- Oban style diatreme-breccia was encountered in drilling about 1 km north of the known mineralization of hole 60. Three rock samples north of the Oban zone have returned between 1,169.5 and 1,297.9g/t Ag. A total of 5,635.92m (combined historic and recent) in 44 holes have been drilled at the Oban zone. To view 3d models of the zone (Leapfrog and Corebox) click the following link: http://brixtonmetals.com/thorn-3-d-model/
Camp Creek Veins
- B zone float sample 275978 returned 21.5g/t Au, 2,990 g/t Ag and 14.2% Cu.
- Camp Creek vein-float sample 206808 returned 24.14 g/t Au, 1,066.7 g/t Ag and 9.18% Cu. Sample 206607 returned 19.48 g/t Au, 1,634.7 g/t Ag, 17.35% Cu.
- Hole 54 at the Lagavulin vein intersected 1.75 m of 7.14 g/t Au and 245.40 g/t Ag and 4.85 m of 3.13 g/t Au and 122.46 g/t Ag. The Lagavulin vein has a strike length of 2km and crosscuts the northeast trending Camp creek vein sets.
Mr. Gary R. Thompson, Chairman & CEO stated, "We are eager to get back to Thorn to follow up the many high-grade targets that exist on the property. While our main focus will continue to be the high-grade at the Oban zone, we will also be advancing some of the other attractive targets this season."
About Brixton 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 Cretaceous volcanic-porphyry complex that shares many 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 40km from Chieftain's Tulsequah Chief mine development.
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.
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, P.Geo, 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 the planned exploration program 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.
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.
SOURCE: Brixton Metals Corporation
For further information:
Mr. Gary R. Thompson, P.Geo, Chairman and CEO