Resource World Magazine

Resource World - Aug-Sept 2019 - Vol 17 Issue 5

Issue link: http://resourceworld.uberflip.com/i/1152269

Contents of this Issue

Navigation

Page 55 of 71

56 www.resourceworld.com A U G U S T / S E P T E M B E R 2 0 1 9 BRIXTON METALS REPORTS EXCELLENT GOLDEN TRIANGLE DRILL RESULTS Brixton Metals Corp. [BBB-TSXV; BXTMF-OTC] released impressive assay results from its Thorn Project gold-cop- per-silver project in northwestern British Columbia's Golden Triangle area. Drill hole THN19-150 returned 554.70 metres of 1.97 g/t gold equivalent, including 135.96 metres of 1.35 g/t gold, 0.31% copper, 133.62 g/t silver or 5.00 g/t gold equivalent, including 6.0 metres of 3.56% copper, 3.37 g/t gold, 257.77 g/t silver. Among the highlights were high-grade copper dominated intervals of 6.0 metres of 3.56% copper, 3.37 g/t gold, 257.77 g/t silver from 155 metres in depth and 16 metres of 1.38% copper from 414.35 metres depth. Brixton's shareholders include Bay Street financier Rob McEwen, Pan American Silver Corp. [PAAS-TSX, NASDAQ], and Hecla Mining [HL-NYSE]. The Thorn Project is a 996 km 2 claim group located approximately 90 km from Juneau, Alaska, and 65 km from tide water. It hosts a district scale Triassic to Eocene volcanic-plutonic complex with many styles of mineralization related to porphyry and epithermal environments. The three main targets include the Chivas Zone, an important new, large scale, yet to be drilled porphyry target; and the Outlaw Zone, a large scale clastic sediment hosted gold-silver target where hole 128 returned 60 metres of 1.15 g/t gold and 5 g/t silver. The Camp Creek porphyry tar - get includes the Oban, Talisker, and Glenfiddich zones. Brixton said hole THN19-150 was drilled to 829.06 metres depth at the Oban diatreme breccia pipe within the Camp Creek Corridor. "Structural mapping and soil-rock geochemistry at the Chivas Zone and re- logging of select core from the Glenfiddich Zone were also conducted," the company said in a press release. The objective of the program was to test for porphyry mineralization at depth at the Oban Zone and to refine the two por - phyry targets, Chivas and Camp Creek, for the next round of drilling. Meanwhile, the company said it has extended the Oban Zone polymetallic min- eralization to a depth of 651 metres from the previously drilled vertical depth of 370 metres for an increase of 281 metres of new mineralization. "The mineralized system at Thorn is huge; we need more drilling to prove up these zones," said Brixton Chairman and CEO Gary Thompson. "Just to put this in perspective, there are three multi-kilo - metre targets on the property; the Chivas porphyry, the Camp Creek porphyry and the Outlaw sediment-host gold target which are about 4.0 km away from one another." The Thorn Project is within the tradi - tional territory of the Taku River Tlingit First Nation (TRTFN). The company signed an exploration deal with the TRTFN in 2013. INOMIN MINES ACQUIRING MEXICAN GOLD- SILVER PROJECT Inomin Mines Inc. [MINE-TSXV] has signed a non-binding letter agreement with Gunpoint Exploration Ltd. [GUN- TSXV] to acquire a 100% interest in the La Gitana gold-silver property in Oaxaca State, Mexico. The 494-hectare La Gitana property is within a major northwest trending regional structure that hosts several mineral deposits including Gold Resource's [GORO-NYSE] La Aguila open- pit gold-silver mine and Fortuna Silver's [FVI-TSX] San Jose underground gold- silver mine. In a NI 43-101 technical report prepared on behalf of Chesapeake Gold Corp. [CKG- TSXV] from November, 2006, a 38-hole (8,231 metres) diamond drilling program tested a 900- metre long portion of the cor - ridors' area confirming the existence and continuity of gold-silver epithermal miner- alization. Drilling intersected notable gold mineralized intersections in a zone approx- imately 400 to 500 metres long, 50 to 150 metres wide, and 50 to 200 metres deep. Highlights included 133.5 metres of 1.78 g/t gold and 100.7 g/t silver, including 27.8 g/t gold over 1.5 metres; 7.5 metres of 6.00 g/t gold and 281.6 g/t silver, includ - ing 13.28 g/t gold over3.0 metres; and 63.0 metres of 1.27 g/t gold and 70.0 g/t silver, including 8.61 g/t gold over 1.5 metres. NIGHTHAWK GOLD DRILLS HIGH-GRADE AT COLOMAC, NWT Nighthawk Gold Corp. [NHK-TSX] pro- vided additional drilling results from the Colomac Gold Project, centrally located within its 100%-owned Indin Lake gold property, Northwest Territories, Canada. Nine drill holes (2,992 metres), were recently completed, that targeted select areas within the south-central portion of Zone 2.0 of the Colomac Main sill, consid - ered favourable for hosting higher-grade mineralization. Drilling spanned a 500-metre section of the zone with all holes intersecting min- eralization, highlighted by hole C19-19 which returned 60.75 metres grading 2.61 g/t gold, including 13.40 metres of 4.45 g/t, and including 7.75 metres of 6.85 g/t. Earlier, Nighthawk reported assays from hole C19-08 which returned of 56.00 metres grading 13.49 g/t gold, including 30.50 metres of 22.12 g/t, and including 16.50 metres of 34.18 g/t at Zone 1.5. Wide zones of strong mineralization were also reported from Zones 2.0 and 3.0. n

Articles in this issue

Links on this page

Archives of this issue

view archives of Resource World Magazine - Resource World - Aug-Sept 2019 - Vol 17 Issue 5