Highlights
- High grade gold was intercepted above the porphyry yielding 55.8 g/t Au over 1.5m
- Hole THN22-221 yielded 779.65m of 0.37% CuEq ending in mineralization at 1375m
- Including 582.44m of 0.45% CuEq
- Including 234.00m of 0.57% CuEq from 940m depth
- Including 20.85m of 0.78% CuEq
- This large copper dominant porphyry target remains wide open, including at depth
Chairman & CEO,
Figure 1. Location Map of the
Table 1. Select Intervals of Mineralization in Hole THN22-221.
Hole ID | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | Ag (g/t) | Mo (ppm) | CuEq (%)* | ||
THN22-221 | 186.00 | 219.50 | 33.50 | 0.12 | 0.56 | 22.33 | 1.08 | 0.61 | ||
449.50 | 451.00 | 1.50 | 0.03 | 55.80 | 33.50 | 10.95 | ||||
including | 595.50 | 1375.15 | 779.65 | 0.23 | 0.05 | 2.46 | 234.71 | 0.37 | ||
including | 792.00 | 1374.44 | 582.44 | 0.29 | 0.06 | 2.76 | 297.20 | 0.45 | ||
including | 940.00 | 1174.00 | 234.00 | 0.40 | 0.09 | 3.44 | 278.84 | 0.57 | ||
including | 1058.95 | 1079.80 | 20.85 | 0.55 | 0.12 | 4.34 | 389.76 | 0.78 | ||
All assay values are uncut weighted averages. Intervals reflect drilled intercept lengths as further drilling is required to determine the true widths of the mineralization.
*Copper Equivalent (CuEq) is calculated based on
Figure 2. Drill Collar Location Map for the
Vice President of Exploration,
Discussion
Drill hole THN22-221 was planned to test the copper grades and extents of Porphyry X, east of drill holes THN22-201 (967.71m of 0.39% CuEq) and THN21-184 (821.25m of 0.38% CuEq), and was collared 280 meters to the northeast. The hole setup was near-vertical (-88 dip), drilling to the north, ending at 1375.15m depth. The hole started intersecting low-grade Cu-porphyry mineralization around 600m depth, within the Porphyry Y and hornfels sediments. Mineralization continued through to the end of the hole, grading 0.37% CuEq over 779.65m (0.23% Cu, 0.05 g/t Au, 2.5 g/t Ag and 235 ppm Mo, 595.50m-1375.15m). Copper grades increased around Porphyry X which was observed between 844.83m and 1180.57m; however, the unit was diluted by thirty-four occurrences of meter-scale post-mineral dykes (totaling 68.48m). The dykes continued down hole, cross-cutting the hornfels sediments and Porphyry Y. The best copper mineralization in the hole centered around 940.00-1174.00m and averaged 0.57% CuEq (0.40% Cu, 0.09 g/t Au, 3.4 g/t Ag and 279 ppm Mo) over 234.00 meters. A 20.85m interval of Porphyry X that was not diluted by post-mineral dykes averaged 0.78% CuEq (0.55% Cu, 0.12 g/t Au, 4.3 g/t Ag and 390ppm Mo), demonstrating the potential of this zone had the dykes not been present. Hole THN22-221 ended in mineralized hornfels sediments that were cut by post-mineral dykes.
Two anomalous gold mineralized intervals were observed above the main porphyry zone in hole THN22-221. The first interval was over 33.50 meters grading 0.562 g/t Au with 0.12% Cu and 22.3 g/t Ag at 186.00 meters within Porphyry Z. The second interval was high-grade with 55.8 g/t Au and 33.5 g/t Ag over 1.5 meters, from 449.5m within Porphyry Y, although no notable veins or mineralization were observed.
Calc-alkalic porphyry Cu-Au-Ag-Mo mineralization at the
The cross-section view to the south-southeast in Figure 3 represents all of the deep holes in the
Figure 3. Cross Section for Hole THN22-221,
Figure 4. NQ Core Photograph of Mineralization in Hole THN22-221.
Figure 5. NQ Core Photographs of Mineralization in Hole THN22-221.
2022 Thorn Project Exploration Summary
A total of 18,122 meters were drilled during the 2022 season, including 6,484m at the
Table 2. Drill Collar and Hole Information for 2022 Drilling at the
2022 | ||||||||
Hole ID | Easting | Northing | Elevation (m) | Azimuth | Dip | Depth | Zone | Status |
THN22-221 | 628062 | 6492150 | 757 | 0 | -88 | 1375.150024 | Current Release | |
THN22-200 | 627774 | 6491687 | 619 | 241 | -69 | 629.02 | No Significant Results | |
THN22-201 | 627871 | 6491942 | 670 | 239 | -83 | 1302.71 | Reported | |
THN22-202 | 627774 | 6491690 | 613 | 290 | -76 | 636.12 | No Significant Results | |
THN22-213 | 627659 | 6491855 | 626 | 320 | -85 | 1243.00 | Reported | |
THN22-231 | 627863 | 6492224 | 772 | 350 | -87 | 1297.58 | Reported | |
Total Meters | 6,483.58 |
About the
The wholly-owned 2,900 square kilometer
Information on each of the targets may be found at the following link: https://brixtonmetals.com/thorn-gold-copper-silver-project/
Quality Assurance & Quality Control
Quality assurance and quality control protocols for drill core sampling was developed by Brixton. The gold, silver, copper, lead, zinc, and molybdenum duplicate assay results are well correlated, and it is the Qualified Person’s opinion that strong precision is inferred within the reported analytical results. Core samples were taken between 0.5m and 2.5m intervals based on lithology and mineralization. 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, bagged, zip-tied and sent directly to ALS Minerals preparation facility in
The standards, certified reference materials, were acquired from
Qualified Person
Mr.
About
On Behalf of the Board of Directors
Mr.
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations, please contact:
Tel: 604-630-9707 or email: neil.macrae@brixtonmetals.com
Neither the
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.
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![](https://ml.globenewswire.com/media/ZjFkMmFmNTItODYyZC00M2MxLWE4MGYtYTAzM2MzZDEzZTdmLTExMDg1MDU=/tiny/Brixton-Metals-Corporation.png)
Figure 1.
![](https://ml.globenewswire.com/media/1d52e62b-bfbc-4c6d-9283-e6ccde2aea6b/medium/figure-1.jpg)
Location Map of the Camp Creek Target and Copper Geochemistry.
Figure 2.
![](https://ml.globenewswire.com/media/18f60941-e2d0-4f4f-bcb1-bca57b35643b/medium/figure-2.jpg)
Drill Collar Location Map for the Camp Creek Target with Copper Equivalent Values.
Figure 3.
![](https://ml.globenewswire.com/media/dd153025-00ae-495e-9a29-01c62550ed8f/medium/figure-3.jpg)
Cross Section for Hole THN22-221, Camp Creek Porphyry Target .
Figure 4.
![](https://ml.globenewswire.com/media/3099537d-821c-4914-a81a-c4dfede1ba98/medium/figure-4.jpg)
NQ Core Photograph of Mineralization in Hole THN22-221.
Figure 5.
![](https://ml.globenewswire.com/media/bff9a1b7-7b39-4ed9-a8a1-d7ab9fecb147/medium/figure-5.jpg)
NQ Core Photographs of Mineralization in Hole THN22-221.
2023 GlobeNewswire, Inc., source