Gold’s remarkable year
Gold truly enjoyed a remarkable 2024, relentlessly powering higher to many new records.
VANCOUVER, British Columbia, April 11, 2022 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce the commencement of a 70 line-km Alpha IP Geophysical Survey and surface sampling-mapping campaign at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada.
Chairman and CEO of Brixton, Gary R. Thompson stated, “The 2020-2021 fall/winter drill program results identified very encouraging broad zones of silver, cobalt, and nickel mineralization. Over the past year the company has spent significant time remodelling all results and has identified three domains of interest. The domains include cobalt-nickel associated with the Archean basement rock, gold within the Algoman Syenite and native silver+-cobalt found within most lithologies. The results from the IP survey, mapping and geochemical sampling will allow us to refine the drill targets for the 2022 fall drill program.”
Click here for Figure 1. Location and geology of the Langis Project:https://brixtonmetals.com/wp-content/uploads/2022/04/Figure-1_11Apr2022-scaled.jpg
Historically there has been limited surface mapping and sampling on the Langis property due to the lack of outcrop exposure and a thick sequence of glaciolacustrine Pleistocene overburden which covers most of the property, particularly to the east. A small-scale reconnaissance program to map exposed outcrops and collect rock samples is planned for the early spring once preliminary results from the Alpha IP survey have been received.
Click here for Figure 2. East-West Cross Section viewing north, showing silver, cobalt and nickel of the Langis Project:https://brixtonmetals.com/wp-content/uploads/2022/04/Figure-2_11Apr2022.jpg
Precious-metal-bearing polymetallic calcite–quartz vein systems occur throughout the Cobalt Camp including the Langis property. Ore-bearing veins have been observed along Nipissing diabase contacts and along the unconformity between Archean Keewatin basement rocks and the overlying Huronian sediments. Zones of ore-grade mineralization appear largely controlled by Archean basement architecture and pre-Huronian erosion valleys, particularly where horizons of Archean pillow-interflow sediments exist, and at the intersection of steeply dipping faults.
Three distinct mineralization trends have been identified at Langis from historical work and more recent drilling by Brixton:
Previous exploration and historic mining at Langis have largely been focused on silver production; however, the potential exists for significant cobalt-nickel mineralization in the area.
Additionally, the property remains largely underexplored for its gold potential, particularly within the Archean Algoman syenite to the northwest of the mine property, which is part of the regionally prospective intrusive complex within the Abitibi Greenstone belt, known for its economic gold endowment.
Vice President of Exploration, Christina Anstey stated, “The potential for multiple generations of mineralization on the Langis Project is very encouraging. In addition to the geophysical survey, mapping and surface sampling, the Company plans to conduct re-assaying of select high nickel bearing material for platinum group metals which has not been done previously. We are looking forward to testing these new gold, cobalt-nickel and silver rich domains through drilling.”
About the Langis Mine Project
Brixton’s wholly owned Langis Mine Project is a past producing mine located 500km north from Toronto, Ontario, Canada just north from the northern end of Lake Temiskaming with excellent infrastructure. The silver mineralization occurs as native silver within steeply-moderately and in some cases shallow dipping veins, veinlets, and as disseminations, rosettes and fracture infill. The mineralization can be associated with calcite, hematite, pyrite, cobaltite, chalcopyrite, niccolite and gold. Mineralization is hosted within any of the three main rock types: Archean volcanics and metasediments, Coleman Member (Huronian Supergroup) sediments and Nipissing diabase. The Langis Mine produced 10.6Moz of silver at 25 opt Ag and 358,340 pounds of cobalt. Historically, the combined mines in the Cobalt Camp produced over 550 million ounces of silver with 30-50 million pounds of cobalt as a by-product.
Mr. Gary R. Thompson, P.Geo., is the Chairman and CEO for the Company and is a qualified person as defined by National Instrument 43-101, has reviewed and approved the information in this press release.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects, its flagship Thorn Cu-Au-Ag-Mo Project located in NW BC, the Atlin Goldfields Projects located in NW BC under Option to Pacific Bay Minerals, the Langis-HudBay Ag-Co-Ni Project in Ontario and the Hog Heaven Cu-Ag-Au Project in NW Montana, USA under Option to Ivanhoe Electric. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF. For more information about Brixton please visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEOTel: 604-630-9707 or email: [email protected]
For Investor Relations, please contact:
Mitchell Smith, VP Investor RelationsTel: 604-630-9707 or email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
Photos accompanying this announcement are available at
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