Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce the 2023 results
from the Atlin Goldfields diamond drill program. The project is
located near Atlin, BC and within the Taku River Tlingit First
Nation’s traditional territory.
Highlights
- Hole YJ-23-003 yielded 159.80m of
0.33 g/t Au from 55.00m depth
- Including 35.00m of 0.77 g/t
Au
- Including 19.00m of 1.34 g/t
Au
- Including 0.45m of 38.1 g/t Au
- Visible gold occurrence noted at
139.35 meters
Vice President of Exploration, Christina Anstey,
stated, “We are excited to see visible high-grade gold hosted
within a broad lower grade halo at the Yellowjacket Target within
the one hole drilled in 2023. The road accessible Atlin Goldfields
Project offers great potential for intrusion related gold and
orogenic gold deposits.”
The 2023 exploration program at the Atlin
Goldfields Project was limited to one drill hole collared at the
Yellowjacket Target (Figure 1). Drill hole YJ-23-003 was 349.91m in
length, drilling across the Pine Creek fault system and testing
what appears to be several sub-parallel, gold-bearing quartz vein
sets hosted by listwanitic altered ultramafic rocks, based on the
historic drilling. Previous operators constrained drill exploration
to 50 meters depth, with only limited drilling over 150 meters
below the surface at the Yellowjacket Target. The secondary aim of
the 2023 drill program was to evaluate the potential for the Pine
Creek Fault System to host mineralization beyond the previously
tested depths.
The Yellowjacket drill hole YJ-23-003
intersected several listwanite and ultramafic to mafic rock
occurrences that hosted quartz-veining with gold mineralization.
Mineralization was broadly observed from 55.00 to 214.8 meters
grading 0.33 g/t Au and included five shorter intervals with grades
over 1 g/t Au (Table 1; Figure 2). Visible gold was observed at
139.35m and assayed 38.1 g/t Au over 0.45m, within a 19.00m
interval of 1.34 g/t Au (Figure 3).
Figure 1. Yellowjacket Target Collar Location
Map, Atlin Goldfields Project.
The image (above) shows the Yellowjacket hard
rock gold target within the past producing Pine Creek placer gold
workings.
Table 1. Select Mineralized Intervals for Drill
Hole YJ-23-003.
Hole |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
YJ-23-003 |
55.00 |
214.80 |
159.80 |
0.33 |
including |
105.00 |
140.00 |
35.00 |
0.77 |
including |
121.00 |
140.00 |
19.00 |
1.34 |
including |
129.00 |
140.00 |
11.00 |
2.08 |
including |
139.00 |
140.00 |
1.00 |
17.3 |
including |
139.00 |
139.45 |
0.45 |
38.1 |
|
|
|
|
|
All assay values are uncut weighted averages and
intervals reflect drilled lengths as further drilling is required
to determine the true widths of the mineralization.
Figure 2. Cross-Section of YJ-23-003 with Gold
Assays and Geology, Viewing North.
The Atlin Goldfields Project is underlain
primarily by Mississippian to Triassic-aged volcanic and
sedimentary rocks of the Cache Creek Complex, including large
packages of mafic and ultramafic rocks that are favourable hosts
for gold mineralization. Gold mineralization at the Yellowjacket
Target appears to be controlled by the Pine Creek Fault system, a
northeast trending, steeply-dipping, 60- to 80-meter-wide
structure. The Pine Creek Fault hosts sub-parallel, moderately
southeast-dipping, millimeter to centimeter scale quartz vein sets,
which contain gold mineralization. The gold-bearing quartz veins
preferentially occur within listwanitic rocks and other minor fault
contacts with ultramafic rocks within the Pine Creek system. Gold
mineralization occurs as native gold, with associated pyrite,
chromite and mariposite.
Most of the streams and rivers across the Atlin
Goldfields Project have produced placer gold for over 125 years.
Although several hard rock exploration companies have worked the
area, the lode gold source of the abundant placer gold in the area
has not yet been identified. The Atlin Goldfields Camp holds the
Canadian record for the largest gold nugget, which weighed 2.6 kg
or 85 oz, and was discovered on Spruce Creek (BCGS Paper 2017-1,
p.179-193).
In addition to the Yellowjacket Target, the
property hosts numerous under-explored orogenic and intrusion
related gold targets. The Atlin Goldfields Project is available for
earn-in option, joint venture, or sale. Brixton is actively looking
for a partner to advance this project and assist with the lode gold
discovery in Atlin.
Figure 3. Photo of Visible Gold in Drill Hole
YJ-23-003.
Table 2. Drill Hole Collar Information.
PLACEHOLDER
Hole |
Easting |
Northing |
Elev. (m) |
Azimuth |
Dip |
Length (m) |
YJ-23-003 |
582187 |
6607312 |
865 |
264.8 |
-51.7 |
349.91 |
|
|
|
|
|
|
|
About the Atlin Goldfields
Project
The Atlin Goldfields Project is located 175
kilometers southeast of Whitehorse, Yukon, immediately east of the
town of Atlin. Brixton acquired the keystone claims and
consolidated the property from 2016 to 2018. The mineral claims
cover 579 km² and are wholly-owned by Brixton, with low- to no
NSR’s.
The Atlin gold camp is the second largest placer
gold producer in British Columbia with reported placer gold
production of over 600,000 ounces of gold between 1898 and 1945,
and an unreported amount of placer gold production since then in
the area. Hard rock exploration has been focused at the
Yellowjacket Target area, with over 26,000 meters of drilling
completed, although this has been mostly limited to depths less
than 150 meters from surface. Historical diamond drilling at the
Yellowjacket Target has returned up to 509.96 g/t Au over 5.57m
(YJ-03-01). In 2022, Pacific Bay Minerals drilled 3m of 9.96 g/t Au
at the Yellowjacket Target. Based on the historical, high-grade
drill results at Yellowjacket, small-scale, open pit mining
occurred between 2007 & 2010, producing approximately 1000oz
Au. This production includes a 2,880-tonne bulk sample in 2008 that
recovered 599 oz Au, grading 6.5 g/t Au. Hard rock samples
consisting of coarse-grained quartz veins have returned values of
up to 293 g/t Au at the LD Showing and 53.6 g/t Au at the Union
Showing. The project hosts potential for orogenic and intrusion
related gold mineralization.
Quality Assurance & Quality
Control
Quality assurance and quality control protocols
for drill core sampling was developed by Brixton. Core samples were
mostly taken at 1.0m intervals. Blank, duplicate (lab pulp) and
certified reference materials were inserted into the sample stream
for at least every 20 drill core samples. Core samples were cut in
half, bagged, zip-tied and sent directly to ALS Minerals
preparation facility in Langley, British Columbia. ALS Minerals
Laboratories is registered to ISO 9001:2008 and ISO 17025
accreditations for laboratory procedures. Samples were analyzed at
ALS Laboratory Facilities in North Vancouver, British Columbia for
gold by fire assay with an atomic absorption finish, whereas Ag,
Pb, Cu and Zn and 48 additional elements were analyzed using four
acid digestion with an ICP-MS finish. Over limits for gold were
analyzed using fire assay and gravimetric finish. The standards,
certified reference materials, were acquired from CDN Resource
Laboratories Ltd., of Langley, British Columbia and the standards
inserted varied depending on the type and abundance of
mineralization visually observed in the primary sample. Blank
material used consisted of non-mineralized siliceous landscaping
rock. A copy of the QAQC protocols can be viewed at the Company’s
website.
Qualified Person
Mr. Corey A. James, P.Geo., is a Senior Project
Geologist for the company and a qualified person as defined by
National Instrument 43-101. Mr. James has verified the data
disclosed in this press release, including the sampling,
analytical and test data underlying the technical information and
has approved this press release.
About Brixton Metals
Corporation
Brixton Metals is a Canadian exploration company
focused on the advancement of its mining projects. Brixton wholly
owns four exploration projects: Brixton’s flagship Thorn
copper-gold-silver-molybdenum Project, the Atlin Goldfields Project
located in NW BC, the Langis-HudBay silver-cobalt-nickel Project in
Ontario, and the Hog Heaven copper-silver-gold Project in NW
Montana, USA (under option to Ivanhoe Electric Inc.). Brixton
Metals Corporation shares trade on the TSX-V under the ticker
symbol BBB, and on the OTCQB under the ticker
symbol BBBXF. 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 CEOTel:
604-630-9707 or email: info@brixtonmetals.com
For investor inquiries please contact Jason
Shepherd, VP Investor Relations at jason@brixtonmetals.com or
1-250-212-2122
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
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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,
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certainty to forward-looking statements.
Figures accompanying this announcement are
available
at:https://brixtonmetals.com/wp-content/uploads/2024/01/Fig1_15JAN2024.jpghttps://brixtonmetals.com/wp-content/uploads/2024/01/Fig2_15JAN2024.jpghttps://brixtonmetals.com/wp-content/uploads/2024/01/Fig3_15JAN2024.jpg
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