Potential for mineralization close to surface demonstrated once more
The Canadian stock market greeted the results of the first drill program carried out by Brixton Metals (WKN A114WV / TSXV BBB) in 2023 on its Trapper gold target with a significant price increase, yesterday. Trapper is located about 7 kilometers southeast of Brixton’s Camp Creek copper porphyry target and is represented by a 4-kilometer-long, northwest-trending gold and zinc geochemical anomaly. This in turn is part of an 11 (!) kilometer long geochemical anomaly that runs from Camp Creek to the Trapper target. With the drilling done so far, some of which returned high gold grades, the Company has now been able to extend the known Trapper gold mineralization down-dip by 250 meters!
In total, the 2023 Trapper drill program covered approximately 6,625 meters. The 12 drill holes covered in Brixton’s current announcement relate to a total of 3,027 meters of this. Assay results for the remaining eleven holes will be released by the Company as soon as they are available.
Wide gold mineralization intervals, again
The highlight of the drilling was hole THN23-270, which returned an average grade of 0.62 g/t gold over a significant width of 98.00 metres from a depth of only 98 metres. This included 66 metres of 0.8 g/t gold, 32 metres of 1.15 g/t gold and 6 metres of as much as 5.07 g/t gold. THN23-268 also had no need to hide and assayed 55.71 metres of 0.82 g/t gold from 152.29 metres depth. This included an intercept of 24.31 metres at 0.93 g/t gold and an interval of 7.00 metres averaging 2.67 g/t gold. (Additional selected drill results are available in the Company’s original news release.)
Christina Anstey, Vice President of Exploration at Brixton, stated, “We are very encouraged by the gold intercepts we have observed in the wide step-out holes drilled to date on the Trapper gold target. We look forward to reporting further results from the Trapper target in the 2023 season.”
Potential for mineralization close to surface demonstrated
Brixton’s objective for the 2023 Trapper drilling campaign was to test the extent of the main mineralization corridor along the Lawless Fault Zone. In addition, the company wanted to test extension targets that had similar structural and geophysical characteristics. And the 2023 results once again highlighted the potential for thick intervals of gold mineralization near surface. In addition, as the known mineralization to date remains open in several directions, there is potential to expand it significantly.
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