Highlights
- Step-out drilling in 2023 has expanded copper porphyry mineralization to a 950m by 1050m area at the
Camp Creek Target which remains open in multiple directions - THN23-285 intersected 717.00m of 0.50% CuEq (0.20% Cu, 0.05 g/t Au, 1.92 g/t Ag, 458 ppm Mo)
- Including 248.05m of 0.60% CuEq (0.37% Cu, 0.10 g/t Au, 3.32 g/t Ag, 255 ppm Mo)
- Hole THN23-277 ended in strong copper mineralization (2m of 0.66% Cu) with strong porphyry indicators and while the hole failed to reach its target depth, it is set up to wedge from 900m depth as a daughter hole early next drill season
Chairman and CEO
Figure 1.
Discussion
The 2023 program at the
Drill hole THN23-285 was drilled as a 170m step out to the east from THN22-201 (967.71m of 0.43% CuEq) and a 200m step out to the southeast from THN21-184 (318.25m of 1.03% CuEq within 821.25m of 0.54% CuEq). THN23-285 was drilled to 1602.00m, making it the second deepest hole on the property, with broad vein-hosted and disseminated chalcopyrite-molybdenite mineralization within the Cretaceous aged Porphyry X unit and
Table 1. Select Mineralized Intervals from THN23-285.
Hole | From | To | Interval | Cu (%) | Au (g/t) | Ag (g/t) | Mo (ppm) | CuEq (%) |
THN23-285 | 37.50 | 1602.00 | 1564.50 | 0.15 | 0.08 | 2.09 | 246 | 0.35 |
including | 173.00 | 174.00 | 1.00 | 0.03 | 10.39 | 76.82 | 10 | 7.69 |
and including | 426.00 | 1602.00 | 1176.00 | 0.19 | 0.07 | 1.96 | 324 | 0.44 |
including | 807.00 | 1309.80 | 502.80 | 0.29 | 0.07 | 2.73 | 342 | 0.55 |
and including | 885.00 | 1602.00 | 717.00 | 0.20 | 0.05 | 1.92 | 458 | 0.50 |
including | 885.00 | 1133.05 | 248.05 | 0.37 | 0.10 | 3.32 | 255 | 0.60 |
and including | 1159.20 | 1309.80 | 150.60 | 0.25 | 0.03 | 2.27 | 638 | 0.64 |
The true width of the mineralized intervals have not yet been determined.
Copper Equivalent (CuEq) is calculated based on
CuEq % = (Cu % + (0.711384* Au g/t) + (0.008624 * Ag g/t) + (0.000607 * Mo ppm)) * 0.95
Figure 2: Hole THN23-285 Core Photograph at 976.75m Depth from a 1.00m Interval that Assayed 0.35% Cu, 207 ppm Mo.
THN23-277 was planned as a follow up to THN23-261 (855.00m of 0.52% CuEq), stepping out 250m to the west-southwest towards THN22-201. Due to poor ground conditions which led to delays in drilling, THN23-277 was only drilled to a total depth of 1041.00m. The hole ended in strong Cu-Mo mineralization with 84.00m of 0.42% CuEq, within 724.00m of 0.22% CuEq starting at 317.00m. Intercepts of Porphyry X began at 705.50m and continued to end of hole. THN23-277 encountered some of the most abundant mineralized quartz veining observed at
THN23-276 was a 250m step out to the east-northeast from THN23-261. The objective was to test between previous deep mineralized porphyry intercepts and the Oban Breccia, where drilling in 2019 yielded 554.70m of 0.97% CuEq from THN19-150. THN23-276 was drilled to a depth of 1470.00m and intersected multiple intervals of Porphyry X. THN23-276 yielded 1087.48m of 0.15% CuEq, including 506.00m of 0.21% CuEq, and including 34.41m 0.47% CuEq. While PX intervals hosted consistent Cu-Mo mineralization, overall grades were diluted by a series of late-mineralization feldspar-porphyry intrusions.
THN23-263 was planned as a 450m step-out to the east from THN22-221 (779.65m of 0.41% CuEq) to test whether copper porphyry mineralization extends to the northeast along
Figure 3.
Figure 4. Cross Section of the
Table 2. Select Mineralized Intervals.
Hole | From | To | Interval | Cu (%) | Au (g/t) | Ag (g/t) | Mo (ppm) | CuEq (%) |
THN23-277 | 317.00 | 1041.00 | 724.00 | 0.13 | 0.05 | 2.85 | 66 | 0.22 |
including | 445.50 | 1041.00 | 595.50 | 0.15 | 0.06 | 2.31 | 80 | 0.24 |
including | 556.27 | 1041.00 | 484.73 | 0.15 | 0.06 | 2.27 | 92 | 0.26 |
including | 646.50 | 1041.00 | 394.50 | 0.16 | 0.06 | 2.27 | 93 | 0.27 |
including | 957.00 | 1041.00 | 84.00 | 0.25 | 0.09 | 3.78 | 142 | 0.42 |
THN23-276 | 382.52 | 1470.00 | 1087.48 | 0.09 | 0.03 | 1.82 | 52 | 0.15 |
including | 595.00 | 1447.00 | 852.00 | 0.10 | 0.03 | 1.63 | 65 | 0.17 |
including | 815.00 | 1321.00 | 506.00 | 0.13 | 0.04 | 1.72 | 84 | 0.21 |
including | 940.00 | 1321.00 | 381.00 | 0.15 | 0.04 | 1.35 | 93 | 0.23 |
including | 940.00 | 974.41 | 34.41 | 0.30 | 0.09 | 2.99 | 169 | 0.47 |
and including | 1289.50 | 1321.00 | 31.50 | 0.20 | 0.06 | 1.54 | 288 | 0.41 |
THN23-263 | 42.00 | 1425.00 | 1383.00 | 0.05 | 0.04 | 2.44 | 18 | 0.11 |
including | 699.00 | 1425.00 | 726.00 | 0.09 | 0.03 | 2.31 | 32 | 0.14 |
including | 1063.00 | 1425.00 | 362.00 | 0.12 | 0.03 | 1.81 | 52 | 0.18 |
including | 1236.00 | 1425.00 | 189.00 | 0.15 | 0.03 | 1.90 | 65 | 0.21 |
including | 1270.50 | 1425.00 | 154.50 | 0.17 | 0.03 | 2.12 | 74 | 0.24 |
including | 1306.00 | 1425.00 | 119.00 | 0.20 | 0.03 | 2.50 | 83 | 0.28 |
Figure 5: Hole THN23-277 Photograph of Mineralized Core at 1032.88m Depth from a 2.00m Interval that Assayed 0.66% Cu, 112 ppm Mo, 12.0 g/t Ag, 0.24 g/t Au.
Figure 6. Hole THN23-263 Photograph of Mineralized Core at 1324.60m Depth from a 1.00m Interval that Assayed 2.64% Cu, 473 ppm Mo, 34.7 g/t Ag, 0.27 g/t Au.
MDRU Collaboration
Table 3. Collar Information of Current News Release.
Hole ID | Easting | Northing | Elevation (m) | Azimuth | Dip | Depth (m) | Zone |
THN23-263 | 628425 | 6492218 | 828 | 105 | -83 | 1425 | |
THN23-276 | 628614 | 6492065 | 773 | 216 | -82 | 1470 | |
THN23-277 | 628139 | 6491800 | 774 | 343 | -80 | 1041 | |
THN23-285 | 627876 | 6491944 | 672 | 110 | -84 | 1602 |
Quality Assurance & Quality Control
Quality assurance and quality control protocols for drill core sampling was developed by Brixton. Core samples were mostly taken at 1.0 – 2.0m 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
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Mr. Daniel Guestrin,
About
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Mr.
Tel: 604-630-9707 or email: info@brixtonmetals.com
For Investor Relations inquiries, please contact: Mr.
Tel: 604-630-9707 or email: jason@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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