VANCOUVER, British Columbia, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to provide highlights of the results of its 2021 exploration activities and outlines its 2022 exploration plans to advance the district-scale Thorn Copper-Gold-Silver-Molybdenum Project. The Thorn Project is located 90km ENE from Juneau, Alaska and is situated within the traditional territory of the Tahltan and Taku River Tlingit First Nations.
Corporate Highlights from 2021
- Brixton raised $12.2M including strategic investor Crescat Capital and is now fully funded for its 2022 exploration at the Thorn Project
- Ivanhoe Electric Inc. consolidates shares-warrants held by Robert Friedland and the HPX USD$44.5M/11-year Earn-in Agreement on Brixton’s Hog Heaven Copper-Gold-Silver Project
- Expanded the technical team by the addition of Colin McGillivray, Senior Modeler and Susan Flasha, Corporate Development
Thorn Project Highlights from 2021
- Confirmed a new discovery of a Cu-Au-Ag-Mo porphyry at the Camp Creek Target: THN21-184 yielded 821.25m of 0.40% CuEq including 318m of 0.69% CuEq including 14m of 1.04% CuEq. The target remains open at depth
- Completed 5770.12m of drilling, consisting of 2662.78m at Camp Creek and 3107.34m at Trapper
- Demonstrated gold endowment of the Trapper Target with drill hole THN21-186 yielding 139.00m of 2.14 g/t Au including 11.5m of 19.26 g/t Au including two highest grade intercepts to date of 0.46m of 276.0 g/t Au and 0.50m of 160 g/t Au. The target remains open along strike and at depth
- Collected and analyzed 417 rock samples and 607 soil samples which identified several new areas of interest for copper and gold mineralization and extended the gold geochemical footprint of the Trapper anomaly to 4km in length
- Completed 1072-line kilometers of Magnetic and Mobile MT geophysical surveys, structural mapping, geochronology and geochemistry supporting an emerging Triassic-Eocene porphyry Cu-Au-Ag-Mo belt with multiple porphyry centers
- Expanded and upgraded the Thorn camp capacity to host more than 50 people
Planned 2022 Thorn Program
- Drill up to 20,000 meters with a primary focus on the Camp Creek Cu-Au-Ag-Mo Porphyry Target and the Trapper Gold Target
- Secondary targets include drilling at the Outlaw Gold-Silver Target and potentially drilling at the Metla Copper-Gold Porphyry Target
- Conduct geophysical surveys over the Metla and Trapper Target areas
- Collect 3000 to 5000 soil-rock samples and geochemical modeling on new targets
- Collaboration with MDRU to improve our porphyry fertility understanding and porphyry vectoring techniques
Chairman and CEO Gary R. Thompson Stated, “We are very excited about the new discoveries that were made at the Thorn Project in 2021. This season is shaping up to be transformative for Brixton as we continue to demonstrate the potential of this emerging copper-gold porphyry belt within the 2600 square kilometer, wholly owned Thorn Project. We plan to be drilling multiple large-scale targets with a minimum of 2 drills turning all season.”
www.brixtonmetals.com.
https://www.globenewswire.com/news-release/2022/01/21/2370898/0/en/Brixton-Metals-Summarizes-2021-and-Outlines-its-Fully-Funded-2022-Plan-at-the-Thorn-Copper-Gold-Project.html