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Gold/Mining/Energy : Hot Gold Discoveries
NEV.V 0.04000.0%11:14 AM EDT

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From: Western Rookie11/5/2012 12:22:56 PM
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Brixton expands The Oban Breccia Zone, cutting one of the widest high grade sections to date: 150.50m of 314.59g/t AgEq including 73.70m of 466.28g/t AgEq
VANCOUVER, Nov. 5, 2012 /CNW/ - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the completion of the phase two, 2012 drill program and soil sampling program at its Thorn project, located in Northwest British Columbia. A total of 1,738m were drilled in 13 NQ diamond drill holes. The depth of the holes ranged from 45m to 338m. Additional drill results from holes THN12-81,82 and 84 - 87 as well as soil sample results are pending and shall be released upon receipt from the laboratory.

Highlights

THN12-83 intersected 73.70m of 466.28g/t AgEq (284.15g/t Ag, 1.49g/t Au, 1.31% Pb and 1.78% Zn) within a broader interval of 150.50m of 314.59g/t AgEq (165.30g/t Ag, 1.37g/t Au, 0.92% Pb and 1.25% Zn)Established a newly interpreted true width zone of 100m, a depth of 300m and a minimum strike length of 130mRecent drilling has expanded the high-grade mineralization at the Oban breccia zone at depth to the south-southeast by 70mMr. Gary R. Thompson, Chairman and CEO stated, "Drilling continues to produce high-grade intercepts near surface and at depth at the Oban breccia zone, with hole THN12-83 returning impressive gold-silver results. The Oban zone appears to be developing into a zone with a much larger scale potential than previously thought and clearly remains open in several directions."

To view the drill location plan map click this link

The high grade mineralization occurs as phases of up to massive sulphides and sulphosalts as breccia matrix. Mineralization also occurs as disseminated, veinlet to crackle style breccia. The dominant minerals are pyrite, tetrahedrite, sulfosalts, sphalerite, galena and chalcopyrite. Within the breccia matrix these infill minerals form layered rims around breccia fragments. The nature of the mineralization appears to be sub-vertical to sub-horizontal and locally structurally controlled.

Hole THN12-83 was collared at the Oban breccia zone at an elevation of 894m and drilled at an azimuth of 170 degrees with a dip of -50 degrees to a depth of 209.70m. Hole THN12-83 extended mineralization by approximately 70m in a south-southeast direction from any previously known mineralization and established a true thickness of approximately 100m, based on its position relative to previous intercepts. Grades are uncut and include up to 2,650g/t Ag and 9.21g/t Au.

Hole ID FromTo Interval SilverGold Copper LeadZinc AuEq AgEq
(metre) (metre)(metre)g/tg/t % %% g/t g/t
THN12-8324.00174.5150.50165.301.370.110.921.255.67314.59
Including24.0097.7073.70284.151.490.121.311.788.41466.28
Including49.0062.0013.00725.552.010.133.333.6818.891047.54


To view cross-section of the recent drilling click on this link

Hole THN12-80 was collared near the boundary of the Oban breccia zone at an elevation of 915m and drilled at an azimuth of 325 degrees with a dip of -80 degrees to a depth of 166.62m. Hole THN12-80 encountered new mineralization to the northeast of the Oban breccia zone. Interestingly this new mineralization is hosted within the Thorn porphyry which extends beyond the Oban breccia zone.

Hole IDFrom To Interval SilverGoldCopperLeadZincAuEqAgEq
(metre)(metre)(metre)g/tg/t%%%g/tg/t
THN12-80104.50111.507.00162.940.341.240.070.145.89326.71
including108.50110.502.00500.000.694.030.110.2218.01998.58


THN12-75 to THN12-79 returned no significant results. These holes were designed to test easterly extension of surface mineralization and were only drilled into the Thorn porphyry to a maximum depth of 57m; however, based on the results encountered at Hole THN12-83 we now realize that deeper drilling was required to further test mineralization at depth.

To view photographs of the core please click on this link

A total of 362 soil samples were collected in the drainage area of the Amarillo Creek where a float boulder of 265g/t Au and 631g/t Ag was discovered.

To view a soil locations/alteration map click on this link

Corporate Update
Brixton has appointed Mr. Sorin Posescu, P.Geo., as Vice President of Geology. Mr. Posescu had been working for Brixton as a consulting geologist since 2010 and brings 17 years of exploration experience to the group. Mr. Posescuwas a former project geologist for NovaGold Resources, Sierra Geothermal Power and OMV-Petrom.
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