Brixton Metals Corporation (TSXV: BBB | OTCQB: BBBXF) has acquired mineral claims contiguous with its Thorn Project in north-west British Columbia, Canada. The new total land package comprises 2,863km2 of mineral tenure.
The new 23,511.21ha (235km2) mineral claim group was acquired from two arm’s length parties for a combined total of C$75,000 in cash. The new claims are royalty free, with the exception of one claim (1693.5ha), where the Vendor was granted a 1.5% net smelter return and Brixton holds the right to acquire 1.0% of the NSR for C$1 million prior to commercial production.
The company has developed the Thorn Project is in partnership with Tahltan First Nations and Taku River Tlingit First Nations.
Chairman and CEO, Gary R. Thompson, said, “The new Thorn claim group is now the largest contiguous mineral claim block in British Columbia with unmatched copper potential.
“Brixton is well positioned to benefit from the strong long-term projected demand for new copper deposits, which is largely accelerated by the need to decarbonize and electrify our economies globally.”
Highlights
- A new 235km2 land package encompassing 35km of the prospective Triassic-Jurassic Red Line, an important marker for copper-gold deposits within the Golden Triangle
- The Val Showing yielded up to 35% copper from a rock grab sample of bornite-chalcocite quartz vein material and a 9m rock-chip sample returned 1.18% copper
- The Tat polymetallic veins, yielding up to 26.88 g/t Au, 48 g/t Ag and 0.52% Zn from rock grab samples. Porphyritic alteration is observed at the Tat Target area, including a chalcopyrite-bearing grab sample with 3.03% Cu and 1.02 g/t Au
- The southern end of the new claims includes several anomalous copper and gold values in rocks and soils expanding the Metla Porphyry Copper-Gold Target area
Christina Anstey, VP of Exploration, commented, “These new mineral claims host favourable geology for copper-gold porphyry targets increasing our odds of economic success including the Redline, an important marker for mineral deposits in the Golden Triangle.
“Importantly, these new claims expand the Metla surface geochemical anomaly significantly and highlight several new targets like the Val, Tat and Terr. Follow up with boots-on-the-ground exploration work is planned for the 2022 field season.”
To find out more please visit: https://brixtonmetals.com/
