Brixton Metals Drills 6.00 metres of 4,719.33 g/t Silver and 0.33% Cobalt at Its Langis Project
September 17, 2018 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce additional drill results from its wholly owned Langis Mine Project located in the Cobalt Camp, Ontario, Canada.
Highlights of New Drill Results at the Langis Project
- Drill hole LM18-42 intersected 6.00m of 4,719.33 g/t silver and 0.33 percent cobalt
- Drill hole LM18-44 intersected 8.00m of 813.56 g/t silver
- Drill hole LM18-39 intersected 7.90m of 802.10 g/t silver
- Drill hole LM18-45 intersected 3.00m of 1.23 percent cobalt, 43.97 g/t silver
Chairman and CEO of Brixton, Gary R. Thompson stated, “The Langis Project or Lucky Langis continues to deliver exceptional high-grade silver and cobalt mineralization. The best results from this program encountered the very high grades at shallow depths near shaft number three where we have not previously drilled. Hole 39 was successful in a 35m extension to mineralization drilled in hole 16 (news release, May 9, 2018), where 2787 g/t silver and 0.27% cobalt was drilled over 7.8m. The high grade intervals contain native silver, which occurs as fine disseminations, hairline to silver-cobaltite veinlets. The 3m of 1.23% cobalt mineralization in hole 45 was also in an area that we have not previously drilled.”
Table of Highlights from New Drill Results at Langis
True widths cannot be determined at this time and reported widths are drilled intervals.
During 2018, the Company has drilled approximately 6,862 metres at the Langis project. This year’s drilling campaign was designed to test for additional silver and cobalt mineralization throughout the property. The drilling campaign has been very successful in identifying high grade silver and cobalt mineralization as well as broad low grade cobalt, nickel and silver mineralization.
Drillholes LM18-40 to 44, where some of the highest grade silver mineralization was encountered, were drilled around Shaft 3 Langis. The holes were designed to test for the continuity of the vein system above and below the historic workings. Drilling at Shaft 3 has been successful in intersecting the silver and cobalt mineralization near the historically mined area. Generally mineralization consisted of silver and cobalt minerals as disseminated, hairline fracture in-fill to veinlets and is hosted in a dark grey-green Huronian conglomerate as well as in Archean volcanics. Additional drilling is planned in this area in order to test for continuity and controls of the silver and cobalt vein system.
Drillhole LM18-39 was designed as a step out hole and test for extension of the high grade silver encountered in drill hole LM18-16 (7.87m of 2,787.26 g/t silver), which was previously released May 9, 2018. Hole 39 intersected silver mineralization grading 802.10 g/t silver over 7.9m which consisted of native silver mineralization as disseminated and veinlets hosted in a dark grey-green Huronian conglomerate. The mineralized vein system between hole 39 and hole 16 strikes for 35m and trends north-south. The true width and dip of the vein system is yet to be determined.
Figure 1. Langis Plan Map
Figure 2. Insert Plan Map Langis (Shaft 3 close up):
Figure 3. Langis Section A-A’ View to Figure 2
Quality Assurance & Quality Control
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. Cobalt over-limits were analyzed with Sodium Peroxide Fusion and 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.
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 the Langis and Hudson Bay Silver-Cobalt Project
Brixton’s wholly owned Langis and Hudson Bay past producing mines are located 500km north from Toronto, Ontario, Canada. The cobalt-silver mineralization occurs as steeply-moderately and in some cases shallow dipping veins and as disseminations within any of the three main rock types: Archean volcanics, 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 Cobalt Camp produced 50M pounds of cobalt as a by-product of 500M ounces of silver production.
About Brixton Metals Corporation
Brixton 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 Directors
Mr. 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 604-630-9707
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 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.