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Brixton Metals Corporation

Publié le 22 mars 2011

is in the media spotlight again.

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Brixton Metals is grabbing more media attention. This time on-line on ResourceClips.com


VANCOUVER, BRITISH COLUMBIA, March 22nd, 2011 - Brixton Metals Corporation grabbed the media spotlight again this week with a front page article on the Junior Resource news website www.resourceclips.com. 

The article covers an interview Chairman & CEO, Gary Thompson held with Ted Niles last week and yet again highlights the interest the industry is having in the Kahilt properrty and confirms what promises to be an exciting year for Brixton Metals. The interview is shown below in full.  
 

Brixton Metals is an Emerging Player in Alaska�s Rich Kahilt District

By Ted Niles

What is it they say about first steps? That they�re the hardest? True, no doubt, but some are easier than others. Take Brixton Metals Corporation. It may be a year old and has yet to put a drill in the ground; but it boasts the largest landholding in an area of Alaska that is being spoken of as an emerging district-Kahilt.

Located 150 kilometres northwest of Anchorage, Brixton�s Kahilt Property consists of 863 claims-252 optioned from Millrock Resources Inc-that total 557 square kilometres. More important than this, though, is the company Brixton keeps. Millrock�s neighbouring Estelle Project is under option from Teck Resources Limited, which has a $3.4-million exploration program on tap this year. And Kahilt is immediately adjacent to Kiska Metals Corporation�s Whistler Project, which boasts indicated resources of 1.28 million ounces gold, 5.03 million ounces silver and 302 million pounds copper; inferred resources of 1.85 million ounces gold, 8.21 million ounces silver, and 467 million pounds copper.

Brixton Metals is an Emerging Player in Alaska's Rich Kahilt District

�So there�s Teck and Millrock,� says Brixton President/CEO Gary Thompson, �and we anticipate Kiska probably spending in the neighbourhood of $20 million there this year. We have a proposed $10-million budget. So you�re talking about a $30 million to $35 million budget for this area. We�re excited about Kahilt because we see the potential for something big. We�re in the same geological terrain as the Pebble Deposit-which is being developed by Northern Dynasty and Anglo American-and that�s one of the largest copper-gold-moly-silver deposits on the planet.�

Summer 2011 work will focus on Monte Cristo and St Eugene-the two Kahilt targets under option from Millrock. Thompson explains, �It�s relatively unexplored-Millrock spent only about $330,000 on the property-but it�s come up with two fairly large-scale targets. St Eugene appears to be a copper-gold-moly porphyry system. Monte Cristo appears to be an intrusion-related gold system. Our Alaska drill program will be somewhere in the area of 10,000 to 16,000 metres, and about 20,000 soil samples will be collected.� Rock samples from St Eugene show grades as high as 1% copper and 2.1 grams per tonne gold. Monte Cristo samples indicate up to 4.2 g/t gold.

In 2011, Brixton will also drill 5,000 metres on its Thorn Property in northern BC. The company has an option agreement with Kiska to earn up to a 51% interest in the project. Thorn exploration dates back to 1959. Thompson remarks, �It�s had a fair amount of work-about $5 million. Our sense is that the previous operators just didn�t have the right model, didn�t drill deep enough, which is a classic error. So we�re taking a fresh look at it. We�ve done some internal, back-of-the-envelope estimates on the drilling that�s been done to date on the Oban zone, and we came up with a non-compliant 43-101 resource of about 15 million ounces silver equivalent.�

It�s early days yet, but Thompson suggests that if this year�s drilling targets are met, �And in 2012 let�s assume that we�ll double those or more on our budgets,� Brixton can then provide preliminary resource calculations for Kahilt and Thorn. He adds that Brixton, which is 5% owned by Zimtu Capital, is in �finance mode� now. As of March 21, the company had a market cap of $5.17 million and traded at $0.23.

We�re excited about Kahilt because we see the potential for something big. � Gary Thompson

Thompson is unambiguous about the long term. �I don�t see us trying to go from exploration to production,� he declares. �If the resource is there, we want to drill that up and take it as far as we can. To the feasibility stage perhaps. And perhaps somewhere along the way we bring in a major partner. Or, if it�s big and juicy enough, somebody takes a run at Brixton. At the end of the day we�re trying to create value for our shareholders.�

So, apart from the promising property, what does Thompson think will inspire investor confidence in so junior a junior mining company? �Our team. [Director] George Salamis has a number of deals under his belt. Toby Hughes is our VP Exploration and has 30 years of experience. I�ve been involved in exploration since the mid 1980s; I have a gold-silver discovery to my credit. You want to look at the team. Who�s involved, can they deliver? That�s what should give investors confidence.�


About Brixton Metals

Brixton Metals Corporation (TSX-V: BBB) is a Vancouver-based resource exploration company engaged in the acquisition and exploration of precious metals assets. Veterans of exploration and highly respected within the industry, Brixton�s management is focused on advancing large-scale deposits to feasibility. Brixton�s portfolio is comprised of two properties: Kahilt (Alaska, USA), and Thorn (British Columbia, Canada). Our mission: wealth through discovery.


For Further Information Please Contact

Peter Oates, Investor Relations Manager
Brixton Metals Corp.
(604) 630-9707
peter.oatesl@brixtonmetals.com
 

 
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Brixton Metals est une société d’exploration minière d'argent et d'or basée au Canada.

Brixton Metals est cotée au Canada. Sa capitalisation boursière aujourd'hui est 5,0 millions CA$ (3,7 millions US$, 3,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 10 décembre 2010 à 4,00 CA$, et son plus bas niveau récent le 04 décembre 2015 à 0,05 CA$.

Brixton Metals possède 43 790 000 actions en circulation.

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