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Brixton Metals $BBB.V Advances on B.C. #drill Results

VANCOUVER – Brixton Metals Corp. [BBB-TSXV] shares rallied in active trading Wednesday after the company released the first batch of 2022 drill results…

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This article was originally published by Canadian Investor

 

Brixton Metals Corp. [BBB-TSXV] #shares rallied in active trading Wednesday after the company released the first batch of 2022 drill results from its 100%-owned Thorn Project, which is located in British Columbia’s Golden Triangle area.

The shares rose 4.3% or $0.005 to 12 cents on volume of 1.6 million. The shares are currently trading in a 52-week range of 24 cents and 11 cents.

Drilling highlights include 64 metres of 5.74 g/t gold, including 28.95 metres of 10.36 g/t at the Trapper Target on the Thorn Project.

In a May 24, 2022 press release, Brixton said it had kicked off the exploration program at Thorn. It said the fully-funded 2022 program will consist of up to 20,000 metres of drilling, focusing on the Camp Creek porphyry target and Trapper gold target, with the possibility of drilling at the Metla copper-gold target and Outlaw gold-silver target.

The objective at Camp Creek is to tag the copper-rich core of the porphyry system. Drilling at Trapper follows the 2020 acquisition of the Trapper claims and royalties. Drilling in 2021, successfully highlighted the gold endowment of the target with highlight results including 187.50 metres of 1.60 g/t gold.

“We are delighted that our May start to the 2022 season is paying off and that lab turnaround times are a meaningful improvement over last year,’’ said Christina Anstey, Vice-President, Exploration at Brixton Metals.

“We are looking forward to further expanding this exciting new gold discovery at the Trapper Zone both further west, east and at depth,’’ she said. “We have many holes yet to drill in this area so we are very excited to see what other discoveries can be made.’’

Brixton is a junior exploration and development company with a focus on precious metals and four exploration projects, including the Thorn copper-gold-silver and the Atlin Goldfields projects in northwestern B.C., the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in northwest Montana.

Its shareholder group includes Bay Street financier Rob McEwen, Pan American Silver Corp. [PAAS-TSX, NASDAQ], Hecla Mining [HL-NYSE], and financier Eric Sprott, who holds a 10.3% stake.

The Thorn Project is a 2,863-square kilometre claim group located approximately 90 kilometres from Juneau, Alaska, and 65 kilometres from tide water.

Brixton said 5,091.70 metres has been drilled so far this season, with 2,558 metres at the Camp Creek target and 2,533 metres at Trapper. The current drilling at the Trapper Target is located about 7.0 kilometres southeast from the Camp Creek target.

Gold mineralization at Trapper is structurally controlled and northwest, east-west and northeast trends have been identified. The gold is associated with base metal veins (lead, zinc and copper) that have offset jogs and broken patterns.

“With the use of oriented core measurements, surface mapping, geochemistry and magnetics, the aim is to achieve predictability of the gold-bearing zones,’’ the company said.

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