Christina Anstey, Vice President of Exploration, stated, "Hole THN21-184 is a promising follow-up to THN21-183 as it has even more encouraging copper grades. The 89.3 g/t gold intercept encountered at depth in this hole is an exciting new development as these gold grades are atypical for porphyry deposits. For our next drilling campaign, we plan to drill deeper step-outs with the objective of intersecting the enriched core of the Camp Creek porphyry. The Camp Creek target is considered a blind 1 km x 2 km porphyry target that remains largely untested by drill holes."
Gary R. Thompson, Chairman and CEO, stated, "We are pleased with the increasing copper grades at the Camp Creek porphyry target. Brixton plans to drill several deep holes using wedge drilling to target the enriched core of the porphyry system. The Camp Creek Cu-Au-Ag-Mo porphyry target and the impressive gold-copper-silver results we are seeing at the Trapper, Metla and Outlaw targets speak to the system's metal resources. We believe the Thorn Project hosts multiple porphyry centers, and we will continue to pursue high priority targets in our drill programs."
Figure 1. Thorn project location map, Camp Creek porphyry target and copper geochemistry.
Hole THN21-184 was drilled to the west of THN21-183. (Figure 2) THN21-184 was drilled to a total depth of 1198.25m. Hole 184 intersected broad, copper-bearing, porphyry-style mineralization with potassic alteration. The bottom of hole 184 is 286 m from hole 183 and both holes ended in porphyry copper-gold-silver-molybdenum mineralization (see August 9, 2021 news release on hole 183 which returned 976.52 m at 0.36% CuEq, including 550.52 m at 0.51% CuEq and 117.00 m at 0.73% CuEq).
Figure 2. map of the Camp Creek drill plan.
Core samples of size NQ were cut in half and sampled predominantly at 2.0 m intervals. All assay values are uncut weighted averages except for sample B001572 from 1175.00 m to 1176.85 m which assayed 89.3 g/t Au and was cut to 10 g/t Au. Intercepts reflect the length of intercepts drilled as further drilling is required to determine the true width of the mineralization. Copper equivalent (CuEq) was calculated based on US$3.72/lb Cu, US$1851.52/oz Au, US$25.95/oz Ag and $US14.00/lb Mo. These prices represent the approximate 1-year moving average of metal prices and the calculations do not take into account metal recovery. The formula is CuEq % = Cu % + (0.72584 * Au g/t) + (0.01017 * Ag g/t) + (0.00038 * Mo ppm).
Figure 3. cross section of Camp Creek looking northeast.
Figure 4. THN21-184 histogram lithology-Cu-Au-Ag-Mo.
About Camp Creek Porphyry Target
The Camp Creek target is located 6 km from the main Thorn Camp airstrip and approximately 95 km east-northeast of Juneau, Alaska. The Thorn project is located within the traditional territory of the Tahltan and Taku River Tlingit First Nation. At surface, the Camp Creek target exhibits intense epithermal alteration with associated high-sulphidation Cu-Ag-Au veins and breccias. Hole THN19-150, targeting the Oban diatreme-associated porphyry, returned 554.7 m of 0.57 g/t Au, 0.24% Cu, 43.18 g/t Ag, including 136 m of 1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag. Beginning at depths of 300-400 m from surface, the calcareous porphyry mineralization occurs in several geochemically distinct porphyry phases. To date, only three drill holes have reached depths greater than 1000 m. The Camp Creek target is one of fourteen identified mineralized areas of interest along an 80 km long northwest trend within the Company's 100% owned 2600 square kilometer Thorn Project.
Bottom line: modern copper exploration knows no fear of depth. The results from Camp Creek Porphyry only become really exciting at depths of around 377 meters. But if the price below that is big enough, it doesn't matter. Large copper producers need reliable high-grade tonnage above all else. That's exactly what the recent deep drilling on the Camp Creek porphyry seems to promise. Newsflow has been provided: Brixton has completed 15 core holes totaling 3107.34 m at the Trapper gold target just a few kilometers southeast of Camp Creek. The first drill results are expected to be released in early to mid-November 2021. What is certain is that results such as those released today by Brixton will be read carefully not only by investors but also by some of the copper majors. For the record, we note that Brixton is valued at just CAD32 million at the current price of CAD0.165. Brixton shareholders have not yet been adequately rewarded for the company's exploratory spirit. That should change.
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.