{kanada_flagge}The Trapper gold target, which is part of Brixton Metals’ (WKN A114WV / TSXV BBB) giant Thorn project, occurs on surface as a 4-kilometer northwest-trending gold and zinc geochemical anomaly, which in turn is part of an 11-kilometer gold geochemical anomaly. It is therefore all the more encouraging, in our view, that Brixton Metals is able to consistently report strong intersections of gold mineralization from Trapper – as the company does, today.
{kanada_flagge}The Trapper gold target, which is part of Brixton Metals’ (WKN A114WV / TSXV BBB) giant Thorn project, occurs on surface as a 4-kilometer northwest-trending gold and zinc geochemical anomaly, which in turn is part of an 11-kilometer gold geochemical anomaly. It is therefore all the more encouraging, in our view, that Brixton Metals is able to consistently report strong intersections of gold mineralization from Trapper – as the company does, today.
As a matter of fact, Brixton is pleased to announce that drill holes THN22-237 and THN22-243 have intersected the thickest gold mineralization intervals discovered at Trapper to date! The holes, drilled approximately 200 meters southeast of hole THN22-205 with its 64 meters of 5.74 g/t gold, also showed significant visible gold mineralization.
Highlights of recent drill results:
Hole THN22-237
304.46 metres at 1.19 g/t gold,
including 108.00 metres at 2.62 g/t gold,
84.00 meters of 3.10 g/t gold and
14.00m of 10.70 g/t Au
Hole THN22-243
398.30m of 0.85 g/t gold,
including 259.50 meters of 1.21 g/t gold,
113.57 meters grading 2.10 g/t gold,
32.00 meters at 4.72 g/t gold,
6.57 meters grading 20.71 g/t gold and
4.20 meters at 29.51 g/t gold
Hole THN22-248
199.00 metres at 1,12 g/t gold,
including 87.00 metres at 2.19 g/t gold,
26.00 meters at 3.43 g/t gold,
9.00 meters of 7.31 g/t gold and
3.00 meters of 17.15 g/t gold
Hole THN22-251
173.00 meters grading 1.08 g/t gold,
of which 40.55 metres of 2.64 g/t gold and
4.00 meters of 9.56 g/t gold.
Visible gold in drill core from THN22-243; Source: Brixton Metals
No wonder Christina Anstey, VP of exploration at Brixton is “delighted” with the wide gold mineralization intercepts and high grades drilled at Trapper to date. Drill hole THN22-237 in particular is an excellent example of the extensive gold mineralization observed in quartz diorite, she said. And this drilling, Ms. Anstey continued, significantly expands the extent of the target area and results in the zone remaining open in all directions! Given the continued strong drill results from Trapper, it will be interesting to see the results from the additional nine holes drilled as early as 2022. In addition, results from a deep drill hole on the Camp Creek copper porphyry and eight shallow drill holes on the Metla target are still pending. Newsflow should therefore be provided in the coming weeks.
Cross section of reported gold intercepts from Trapper gold target, southwest view; source: Brixton Metals.
The drilling program undertaken by Brixton 2022 at the Thorn Project comprised a total of 58 holes spread over 18,200 metres of drilling in four target areas, with the majority of drilling on the dominant Camp Creek copper porphyry, the Trapper gold target and to a lesser extent the Outlaw gold target and the Metla copper-gold target. At Trapper, a total of 41 holes were drilled for a total length of 9,119 metres.
Conclusion: The gold target Trapper delivers, delivers and delivers. Just a couple if weeks ago, Brixton had already reported 262 meters of mineralization with an average of 1.04 g/t gold, which caused the share price to soar from just under 0.24 to 0.28 CAD and finally led the stock to 0.30 CAD at the end of the year. Now Brixton is following up with, in our opinion, even better as well as comparably strong drill results, while at the same time the gold price has since risen from just under 1,820 to currently over 1,870 USD per ounce. Accordingly, we believe there is a good chance that Brixton’s share price will end what we see as a healthy consolidation of the recent gains and turn north again. Of course, Brixton is and remains a risky speculation as any explorer is, but in our opinion the risk is lower compared to other exploration companies due to the strong financial position after the entry of BHP and the continuously good drilling results, not only from Trapper.
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According to §34b WpHG i (Germany) and according to Paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Brixton Metals and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Brixton Metals and GOLDINVEST Consulting GmbH, which means that a conflict of interest exists.
