Brixton Metals Corporation (TSX-V: BBB) is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. Thorn is Brixton’s flagship property and is centered on silver-gold-lead-zinc-bearing breccia zones, high-grade veins and porphyry targets. The 26,000 hectare Thorn Property is located 130 km southwest from the village of Atlin in Northwestern British Columbia, Canada, between the past producing Golden Bear Mine and Chieftain Metals’ Tulsequah Chief Mine development. The geology of the Thorn project straddles a bimodal Late Cretaceous to Eocene volcano-plutonic complex and Upper Triassic to Middle Jurassic Stuhini Group submarine volcanic and sedimentary rocks. The Oban breccia zone is located in the heart of a 6 km mineralized corridor which is within the central portion of the property.
Drilling at the Oban breccia zone in 2011 and 2012 returned significant high-grade silver intercepts.
• THN11-60: 9.25m of 2,984 g/t Ag, 3.04 g/t Au, 2.39% Zn and 11.65% Pb within a broader interval of 95.08m of 628 g/t Ag, 1.71 g/t Au, 2.39% Zn and 3.31% Pb.
• THN12-84: 123m of 190.68 g/t Ag, 1.19 g/t Au, 3.25% Zn and 1.74% Pb within a broader interval of 310m of 105.82 g/t Ag, 0.71 g/t Au, 1.76% Zn and 0.90% Pb.
• THN12-83: 13m of 725.55 g/t Ag, 2.01 g/t Au, 3.68% Zn and 3.33% Pb within a broader interval of 150.50m of 165.30 g/t Ag, 1.37 g/t Au, 1.25% Zn and 0.95% Pb.
Despite the fact that the amount of work done to date on Thorn is still minimal (due to budget limitations), the findings have been impressive so far; with the majority of drill holes in the Oban zone encountering mineralization. The interpreted apparent width of the Oban zone so far is 140m, a depth of 325m and a strike of 130m, and there is still a great deal more work to be done.
Although the Oban zone is currently the primary focus at Thorn, it is also important to note that there are numerous high-grade gold-silver targets that remain untested throughout the 26,000 hectare property. Brixton plans an aggressive exploration program for the 2013 season to further expand the data collected so far and move towards releasing a maiden resource estimate.
On January 7, 2013, Brixton entered into a non-binding letter agreement to acquire a 100 percent interest in the Thorn property from Rimfire Minerals Corporation, a subsidiary of Kiska Metals Corporation. Brixton agreed to pay to Kiska $1.5 million in cash and issue 7,000,000 shares in its capital stock to acquire the Thorn Property. Hopefully this commitment will have been met by time of printing and Brixton will own the property free and clear.
2013 Promises to be an exciting year for Brixton metals and the team are looking forward to getting back up to the property sometime in the spring to resume exploration at Thorn.
Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.