Brixton Metals Drills 5.00m of 1,293 g/t Silver, Including 2.00m of 3,205 g/t Silver at Its Langis Project, Ontario
VANCOUVER, British Columbia, May 05, 2020 (GLOBE NEWSWIRE) — Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce drill results from its wholly owned Langis Mine Project located in the Cobalt Camp, Ontario, Canada. Sixteen holes were drilled for a total of 992.50 metres.
Highlights of New Drill Results at the Langis ProjectDrill hole LM20-83 intersected 5.00m of 1,293.34 g/t silver, including 2.00m of 3,205.00 g/t silver and 0.15 percent cobaltDrill hole LM20-76 intersected 6.00m of 250.97 g/t silver, including 2.00m of 702.00 g/t silverDrill hole LM20-87 intersected 9.00m of 374.03 g/t silver, including 2.00m of 1,492.50 g/t silverChairman and CEO of Brixton, Gary R. Thompson stated, “The Langis Project continues to deliver exceptional high-grade and uniquely native silver results. Our objective was to identify mineable widths of high-grade silver mineralization. The Cobalt Camp is known for narrow high-grade silver veins; however, Brixton has demonstrated these remarkably high grades are attainable over considerable widths. After completing this small, low cost drill program it is evident that additional silver rich zones at shallow depths remain at the Langis mine area. The goal here would be to drill enough near surface material to make economics.”During 2020, the Company has drilled 16 NQ sized core holes for approximately 992.50 metres at the Langis Project. This year’s drilling campaign was designed to identify new silver zones near old workings and to follow up on some of the 2018 high grade silver drilled intercepts. The drilling campaign has been successful in identifying new high grade silver mineralization over significant widths. Table 1 – Highlights from Drill Results at LangisTrue widths cannot be determined at this time and reported widths are drilled intervals. Weighted averages were calculated using uncut assays.Table 2 – Highlights from Drill Results at LangisTrue widths cannot be determined at this time and reported widths are drilled intervals. Weighted averages were calculated using uncut assays.Click here for Figure 1. Langis Drill Collar Location Plan MapClick here for Figure 2. Cross-Section Northeast View Near Shaft #3Drill holes LM20-75 to 80 were drilled around the western extent of the historic underground workings. Native silver mineralization intersected in hole 76 returned 6.00m of 250.97 g/t Ag, including 3.00m of 487.47 g/t Ag including 2.00m of 702.00 g/t Ag. Native silver occurs as fracture fillings, coatings and within veins associated with calcite-hematite and is hosted in a dark grey-green Huronian conglomerate.Click here for Figure 3. NQ size Drill Core LM20-76 at 33.25m Native Silver Infilled FractureClick here for Figure 4. NQ size Drill Core LM20-76 from 33.27m, Native Silver, Calcite-HematiteClick here for Figure 5. NQ size Drill Core LM20-76 at 33.95m Native Silver on FracturesDrillhole 78 intersected 11.00m of 110.37 g/t Ag, including 4.00m of 211.75 g/t silver. The silver mineralization consists of silver arsenides associated with calcite-hematite veins and veinlets to fracture infill or as disseminated hosted in the Huronian conglomerate.Drillholes LM20-82 to 90 were drilled at the Shaft 3 area and were designed to follow up on 2018 drilling where hole LM18-42 intersected 6.00m of 4,719.33 g/t silver and 0.33 percent cobalt. The best mineralized silver interval intersected in the 2020 drilling was intersected in hole 83 which assayed 5.00m of 1,293.34 g/t silver, including 2.00m of 3,205.00 g/t silver and 0.15 percent cobalt. Mineralization is hosted in a dark grey-green Huronian conglomerate unit and generally consists of native silver and cobaltite associated with calcite veins, veinlets and is disseminated throughout the host rock.Click here for Figure 6. NQ size Drill Core LM20-83 at 12.6m Native-silver as veinlets/disseminated Cobaltite vein + calcite-hematite hosted Huronian conglomerateClick here for Figure 7. NQ sized Drill Core LM20-83 at 13.0m, Native Silver Rosettes and DisseminatedHole 84 assayed 5.00m of 464.06 g/t silver, including 2.00m of 1,116.00 g/t silver. Mineralization consists of silver arsenide hosted in calcite-hematite veins and disseminated native silver.Table 3 – LM20-75 to LM20-90 Collar InformationQuality Assurance & Quality ControlMs. Caroline Vallat, P.Geo., from GeoSpark Consulting Inc. conducted an independent QAQC review, which returned overall strong accuracy and precision of the analytical results. Diamond drill holes were drilled to depth NQ size. Samples were collected using 1 metre average samples length. Three quality control samples (one blank, one standard and one duplicate) were inserted into each batch of 20 samples. The drill core was sawn, with half put in batches, sealed and 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. All 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 AES finish. A copy of the QAQC protocols can be viewed at the Company’s website.About the Langis and Hudson Bay Silver-Cobalt ProjectBrixton’s wholly owned Langis and Hudson Bay past producing mines are located 500km north from Toronto, Ontario, Canada with excellent infrastructure. The silver mineralization occurs as native silver and within steeply-moderately and in some cases shallow dipping veins, veinlets and as disseminations rosettes and fracture infill and can be associated with calcite, hematite, pyrite, cobaltite, chalcopyrite, niccolite and gold. Mineralization is hosted within any of the three main rock types: Archean volcanics and metasediments, Coleman Member sediments and Nipissing diabase. The Langis mine produced 10.4Moz of silver at 25 oz/t Ag and 358,340 pounds of cobalt and the Hudson Bay mine produced 6.4Moz of silver at 123 oz/t Ag and 185,570 pounds of cobalt. Historically, the combined mines in the Cobalt Camp produced 550 million ounces of silver with 30-50 million pounds of cobalt as a by-product.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 CorporationBrixton 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 gold-silver and the Atlin gold 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. The Company is actively seeking JV partners to advance one or more of its projects. 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 DirectorsMr. Gary R. Thompson, Chairman and CEO
Tel: 604-630-9707 or email: [email protected]For Investor Relations please contact Mitchell Smith at [email protected] or 604-630-9707Neither 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 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 statements.Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/fdb9b7c4-707e-4982-8dd5-e9cc87d3ca6chttps://www.globenewswire.com/NewsRoom/AttachmentNg/f53fbb93-dbd3-4726-ae1c-34d18facf2e3https://www.globenewswire.com/NewsRoom/AttachmentNg/51fcf6b4-4fb2-401d-a467-9c8ab4ecf039https://www.globenewswire.com/NewsRoom/AttachmentNg/ddf8fb4e-bf59-4e4a-93a2-5c1415744c20https://www.globenewswire.com/NewsRoom/AttachmentNg/abc0f7cc-b1ef-4595-ba61-833017d13af8https://www.globenewswire.com/NewsRoom/AttachmentNg/90f259c1-64f9-41d1-a323-2f1bef3f338fhttps://www.globenewswire.com/NewsRoom/AttachmentNg/78b4fe26-dd98-49f9-9d32-bbf24f3e6d81