VANCOUVER, Aug. 11, 2016 /CNW/ - Brixton Metals
Corporation (TSXV: BBB) (the "Company" or "Brixton")
is pleased to provide results from the first 3 drill holes at its
wholly owned Langis silver project located in Ontario, Canada. Brixton has drilled 10 holes
so far of its confirmation drilling and brown fields exploration
program at the past producer.
Drill hole LM16-03 encountered a series parallel veins and
something not previously reported in the area "high-grade
gold". LM16-03 intercepted 4.15m of 4.90 g/t Au and 397.00
g/t Ag from 156.05m, including 74.90 g/t Au and 5,236.40 g/t Ag
over 0.22m. Also, from 179.40m a 3.13m interval returned 1,944.60
g/t Ag including 1.20m of 3,527.50 g/t Ag. Both mineralized veins
are hosted in Archean volcanic rocks below the Nipissing diabase sill. The gold zone appears
to be associated with hematite.
Please click on the following link for a map of drill hole
locations: http://files.newswire.ca/1499/plan_map.jpg.pdf
Table of Results
Drill hole
ID
|
From
|
To
|
Length
|
Weighted
Average
|
Weighted
Average
|
|
(m)
|
(m)
|
(m)
|
Au
g/t
|
Ag
g/t
|
LM-16-03
|
156.05
|
160.20
|
4.15
|
4.90
|
397.00
|
including
|
158.20
|
158.42
|
0.22
|
74.90
|
5,236.40
|
|
|
|
|
|
|
LM-16-03
|
179.41
|
182.54
|
3.13
|
-
|
1,944.60
|
including
|
179.41
|
180.61
|
1.20
|
-
|
3,527.50
|
including
|
181.88
|
182.08
|
0.20
|
-
|
6.350.00
|
LM-16-01
|
156.73
encountered underground
workings
|
|
LM-16-02
|
no significant Au, Ag (TD
at 168.83m)
|
|
|
LM-16-01 was ended when it encounter an underground opening at
156.73m. LM-16-02 was stopped short of its target depth
mistakenly.
True widths are unknown at this time, however intervals can be
assumed to be 10-30% less than the drilled intercept reported.
Please click on the following link to see the cross-section of
the drill holes:
http://files.newswire.ca/1499/x-section-2.jpg.pdf
A plan map of the holes can be viewed at the company's
website.
Chairman and CEO of Brixton, Gary R.
Thompson stated, "The initial few holes drilled at Langis
have been encouraging and we are glad to see gold in the system as
well. As far as we can determine, gold was not analysed
historically at the Langis mine. Brixton has drilled 10 holes for
about 2,000 metres. Further drilling and an IP geophysical survey
are planned."
Quality Assurance & Quality Control
Ms. Caroline Vallat, P.Geo., from
GeoSpark Consulting Inc. conducted an independent QAQC review which
returned overall strong accuracy and precision of the analytical
results.
Sealed samples were shipped by the Company geologists to ALS
Minerals preparation lab in Sudbury,
Ontario. 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. Gold and 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.
All reported assays are uncut weighted averages. The true width of
reported mineralization is unknown at this time.
Mr. Sorin Posescu, P.Geo., VP
Exploration, 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 an exploration company focused on the advancement of
its gold and silver projects toward feasibility.
The 100% owned Langis project and lands in the Cobalt Camp is
3,300 hectares in size. The project is located 500 km north of
Toronto, Canada. The high-grade
silver mineralization occurs as steeply-moderately dipping veins
within any of the three main rock types; Archean volcanics, Coleman
Member sediments and Nipissing
diabase. The Cobalt camp historically produced over 500 million
ounces of silver with some reported assays reaching 255,146 g/t Ag
or 9,000 oz/t Ag over 0.36 metres. Brixton holds 2 past producing
silver mines. The Langis mine produced 10.4Moz Ag at 25 oz/t Ag and
the Hudson Bay mine produced 6.4
MozAg at 123 oz/t Ag. The Langis project does not currently contain
any mineral resources or mineral reserves.
The 28,000 hectare, 100% owned Thorn Project is located in
northwestern British Columbia,
Canada, approximately 105 km ENE from Juneau, AK. The Thorn project hosts a district
scale Triassic to Cretaceous volcano-plutonic complex with many
styles of mineralization related to porphyry and epithermal
environments. Targets include sediment hosted Au-Ag, Ag-Au-Pb-Zn
diatreme-breccia, Au-Ag-Cu veins; and volcanic hosted structurally
controlled Au-Ag.
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
Tel: 604-630-9707 or email: info@brixtonmetals.com
Information Sources: Cobalt Museum Thompson 2015; Technical
Report on the Langis Project by Dale R.
Alexander, P.Geo, May 17,
2013; Approved Filing Statement for Everfront Ventures Corp
July 31, 2013; Annual Report, Agnico
Eagle Mines 1987; Interim Report, Agnico Eagle Mines Q2-1986;
Agnico Eagle Mines, Langis Mine-New Mine Site, Plan & Section
1987.
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 exploration potential of the Langis
property based on historical information resources estimates on the
Thorn Project 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 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.
SOURCE Brixton Metals Corporation