Business
Brixton Metals Consolidates its Thorn Project and Highlights 35% Copper, 26.8 g/t Gold on Acquired Showings
VANCOUVER, British Columbia, April 21, 2022 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to
About this update from Brixton Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, April 21, 2022 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce the acquisition of mineral claims contiguous with and further consolidating its Thorn Project to a new total of 2,863 square kilometers of mineral tenure. The Thorn Project is in partnership with Tahltan First Nations and Taku River Tlingit First Nations and is located in Northwest British Columbia, Canada. The new 23,511.21-hectares (235 square kilometers) mineral claim group was acquired from two arm’s length parties (the “Vendors”) for a combined total of CAD$75,000.00 in cash. The new claims are royalty free with the exception of one claim (1,693.5 hectares), where the Vendor was granted a 1.5% net smelter return (“NSR”) and Brixton holds the right to acquire 1.0% of the NSR for CAD$1 million prior to commercial production. Highlights A new 235 square kilometers land package encompassing 35km of the prospective Triassic-Jurassic Red Line, an important marker for copper-gold deposits within the Golden Triangle The Val Showing yielded up to 35% copper from a rock grab sample of bornite-chalcocite quartz vein material and a 9m rock-chip sample returned 1.18% copper The Tat polymetallic veins, yielding up to 26.88 g/t Au, 48 g/t Ag and 0.52% Zn from rock grab samples. Porphyritic alteration is observed at the Tat Target area, including a chalcopyrite-bearing grab sample with 3.03% Cu and 1.02 g/t Au The southern end of the new claims includes several anomalous copper and gold values in rocks and soils expanding the Metla Porphyry Copper-Gold Target area Chairman and CEO Gary R. Thompson stated, “The new Thorn claim group is now the largest contiguous mineral claim block in British Columbia with unmatched copper potential. Brixton is well positioned to benefit from the strong long-term projected demand for new copper deposits, which is largely accelerated by the need to decarbonize and electrify our economies globally.” Christina Anstey, VP of Exploration stated, “These new mineral claims host favourable geology for copper-gold porphyry targets increasing our odds of economic success including the Redline, an important marker for mineral deposits in the Golden Triangle. Importantly, these new claims expand the Metla surface geochemical anomaly significantly and ...