Brixton Metals drills 75 m of 1.12 g/t AuEq at the Oban Breccia zone and samples 40.7 g/t AuEq from the Camp Creek zone
VANCOUVER, BC, November 28, 2011 �Brixton Metals Corporation (TSX-V: BBB) (the �Company� or �Brixton�) is pleased to announce assay results from additional drill holes at its Thorn gold-silver-copper project located in Northwest British Columbia.
Highlights:
Oban Zone hole THN11-53 intersected 75.25 metres of 1.12 g/t AuEq, from 0.44 g/t Au, 14.75 g/t Ag, 0.91% Pb and 0.52% Zn
Lagavulin Zone hole THN11-54 intersected 15.83 metres of 2.68 g/t AuEq, from 1.25 g/t Au, 54.08 g/t Ag, 0.19% Cu and 0.20% Zn.
Camp Creek rock float sample L559004 returned 40.7 g/t AuEq from 20.90 g/t Au and 1,100 g/t Ag. (25 x 10 cm boulder of massive pyrite-enargite-tetrahedrite)
Mr. Gary R. Thompson, Chairman & CEO stated, �We are very encouraged by these results as they continue to demonstrate the upside potential of the mineralized system at Thorn. Many high grade surface samples have been found on the property and we believe we will intercept these high grades in the core if we continue to drill. Therefore we are looking forward to further drilling at Talisker, Oban, Outlaw and Lagavulin as we continue to build on the resource, and work towards completing a maiden NI-43-101 compliant resource.�
OBAN BRECCIA ZONE
Historically, drilling at the Oban Breccia Zone returned significant polymetallic results. The most attractive hole previously was THN03-22, which intersected 77.8 metres of 2.67 g/t AuEq. Hole THN11-53 was drilled to 366.36 metres depth at an azimuth of 360 degrees and a dip of -70 degrees. Four mineralized zones were encountered from 63 to 244 metres, most notably the intersection of 75.25 metres which returned 1.12 g/t AuEq (0.44 g/t Au, 14.75 g/t Ag, 0.91% Pb and 0.87% Zn) from 168.54 metres depth.
| Hole ID |
From m |
To m |
Interval m |
AuEq g/t |
Au g/t |
Ag g/t |
Cu % |
Pb % |
Zn % |
| THN11-53 |
63.61 |
68.63 |
5.02 |
2.42 |
0.23 |
102.02 |
- |
0.12 |
0.57 |
| THN11-53 |
104.52 |
116.58 |
12.06 |
1.19 |
0.30 |
49.56 |
- |
0.98 |
0.42 |
| THN11-53 |
128.55 |
132.55 |
4.00 |
4.28 |
0.74 |
129.73 |
- |
1.45 |
0.63 |
| THN11-53 |
168.54 |
243.79 |
75.25 |
1.12 |
0.44 |
14.75 |
0.05 |
0.91 |
0.52 |
| including |
175.79 |
180.80 |
5.01 |
1.89 |
0.80 |
9.73 |
- |
0.14 |
0.87 |
| including |
221.80 |
226.09 |
4.29 |
1.70 |
0.94 |
20.17 |
0.20 |
- |
0.31 |
| including |
232.70 |
235.70 |
3.00 |
4.48 |
1.12 |
105.47 |
0.55 |
0.07 |
0.62 |
LAGAVULIN VEIN
The Lagavulin Vein discovered in 2011 is located between the Talisiker and Oban Zones. The vein is significant because this feature cross-cuts the main Camp Creek corridor vein sets. Hole THN11-54 was drilled on the Lagavulin Vein to a total depth of 149.35 metres at an azimuth of 145 degrees and a -50 degrees dip. Hole THN11-54 intersected 15.83 metres of 2.68 g/t AuEq, from 1.25 g/t Au, 54.08 g/t Ag, 0.19% Cu and 0.20% Zn. Hole THN11-54 was drilled along strike 900 metres from Hole THN11-49 whichintersected 24.04 metres of 1.23 g/t AuEq (0.89 g/t Au & 12.4 g/t Ag) including 5.04 metres of 3.2 g/t AuEq (2.35 g/t Au, 32.8 g/t Ag & 0.15% Cu and remains open along strike and at depth.
| Hole ID |
From m |
To m |
Interval m |
AuEq g/t |
Au g/t |
Ag g/t |
Cu % |
Pb % |
Zn % |
| THN11-54 |
91.30 |
107.13 |
15.83 |
2.68 |
1.25 |
54.08 |
0.16 |
0.07 |
0.20 |
| including |
95.30 |
105.15 |
9.85 |
3.92 |
1.93 |
84.27 |
0.23 |
- |
- |
| including |
99.30 |
104.15 |
4.85 |
5.68 |
3.13 |
122.46 |
0.17 |
- |
- |
| or |
102.40 |
104.15 |
1.75 |
12.27 |
7.14 |
245.43 |
0.35 |
0.06 |
0.06 |
Hole THN11-50 was drilled near the La Jaune fault through a strong altered zone and THN11-52 was drilled at the G zone where surface high grade gold was sampled. Neither hole returned significant results. Hole THN11-55 was abandoned due to poor ground conditions and did not reach its target depth.
Six holes, THN11-56 to THN11-61 are pending assay results.
Click here for a map of the drill hole locations.
Click here for complete drill results and DDH list of 2011 to date.
Gold Equivalent (AuEq) values were calculated from a sum of metal values using $1,088 per ounce of gold, $19.62 per ounce of silver, $3.20 per pound of copper, $0.80 per pound of lead and $0.80 per pound of zinc and did not take into account metal recoveries. Assay values below 500 ppm for Cu, Zn and Pb were treated as zero.
AuEq = Au g/t + (Cu% x 70.55/34.58) + (Ag g/t x 0.63/34.58)
Quality Assurance & Quality Control
The Thorn Project is managed by Equity Exploration Consultants Ltd. Stewart Harris, P.Geo. is Equity�s in-house QAQC expert who conducted a detailed QAQC analysis of the 2011 analytical results. Drill core samples were packed into rice sacks and sealed with uniquely numbered straps to deter and identify evidence of tampering. Rice sacks were shipped via Small�s Expediting to the ALS Laboratory Group (ALS) preparation lab in Whitehorse, YT which has been certified compliant with ISO9001:2008 requirements. All standards fell within control limits and blank samples fell within acceptable detection limits.
Toby Hughes, P. Geo., is the Qualified Person as defined under NI 43-101 standards and has reviewed and approved this News Release.
About The Thorn Project
The 19,000-hectare Thorn Property is located in the Sutlahine River area of Northwest British Columbia. Thorn shares many similarities with other high sulphidation epithermal gold deposits around the world including La Bodega in Colombia, Lepanto in the Philippines and El Indio in Chile. A total of 10,300 m of drilling have been completed on the Thorn Project since the 1959 Kennco Discovery. Many zones of mineralization have been identified on the property. The four areas of focus for 2012 are Talisker, Oban, Outlaw and Lagavuin.
About Brixton Metals
Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets. Brixton's management is focused on advancing large-scale metal deposits to feasibility. Brixton's two exploration properties are Thorn in British Columbia and Kahilt in Alaska. The Thorn property is a gold-silver-copper project located 50 km from the past producing Golden Bear Mine in Northwest BC and is adjacent to Ocean Park Ventures Corp�s Trapper Gold Project. The Kahilt Project is an intrusion related gold and gold-copper porphyry target located in the Kahiltna Terrane of Alaska. Brixton�s Kahilt Project is adjacent to the Whistler gold-copper deposit being developed by Kiska Metals and the Estelle Gold Property, a Millrock-Teck JV. Brixton Metals trades 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, P.Geo, Chairman and CEO
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, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the listing of the Offered Warrants and exercise price of the comnpensation options are forward looking statements. 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 TSX-V 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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