Mining Explorers 2012: Brixton Metals Corp.
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Last updated 11/11/2012 at Noon
bbb: TSX
Chairman and CEO: Gary Thompson, P.Geo, P.Geol.
Director: George Salamis, Geologist
Director: Jim Defer, CA CBV
Brixton Metals Corp. is exploring its flagship 25,000-hectare (61,775 acres ) Thorn Property which is located in northwestern British Columbia about 130 kilometers (81 miles) southwest of Atlin, B.C. Brixton has found substantial near-surface, high-grade mineralization at the largely untested Oban Breccia Zone, which is located in the heart of a 6-kilometer mineralized corridor within Thorn.
Drill results have included 95.08 meters of 904 grams per metric ton silver-equivalent and surface samples have returned 6,149 g/t silver.
The junior completed a 2012 phase 1 program including 13 NQ-size core holes ranging in depth from 30 meters to 153 meters, for a total of 1,151 meters.
The objectives of the program were to confirm the results from hole THN11-60 which returned 1.71 g/t gold, 628.30 g/t silver, 3.31 percent lead and 2.39 percent zinc, 0.12 percent copper and to obtain further information regarding the mineralization, geometry, true width and extent potential.
All core holes from the phase 1, 2012 program encountered mineralization described as phases of up to semi-massive sulphides and sulphosalts as breccia matrix infill mixed between fragments of disseminated and veinlet to crackle breccia style mineralization.
THN12-65 cut 12.9 meters averaging 512.66 g/t silver, 1.72 g/t gold, 4.24 percent lead and 1.54 percent zinc; within 83.9 meters grading 161.81 g/t silver, 1.03 g/t gold, 1.29 percent lead and 1.49 percent zinc.
In early October, Brixton began a phase-2 exploration program, including 1,500 to 2,000 meters of drilling to test the extension of high-grade mineralization tapped at Oban.
Brixton geologists are also investigating an area about 2,000 meters northwest of Oban where a float boulder was discovered in 2005 that returned assay results of 265 g/t gold and 631 g/t silver.
Guided by recently acquired multispectral Aster data, this search is focused on the headwaters of Amarillo Creek where the barite-rich rock was found.
Cash and short-term deposits:
C$1.07 million (June 30, 2012)
Working capital: C$836,000 (June 30, 2012; C$1.42 million financing in September)
Market capitalization: C$6.56 million (Aug. 30, 2012)
Brixton Metals Corp.
Suite 1411 - 409 Granville St.
Vancouver, B.C. Canada V6C 1T2
Tel: 604-630-9707 Fax: 888-863-3810
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