Brixton Metals (BBB.V) has updated the market on its summer drill program on its Thorn project in British Columbia, where the company has completed a 8,000 meter drill program to follow up on an earlier discovery hole that indicated the presence of a very thick layer of mineralization with an economic grade.
The assay results from last week were from the first hole drilled on the Outlaw zone, which is part of the greater Thorn project. Hole 159 intersected one gold zone which has a thickness of 37.8 meters and contained 1.17 g/t gold. Considering the mineralization only started approximately 95 meters down-hole, the drill results aren’t exceptionally good. Additionally, if you would remove the 1 meter of 22 g/t from the equation, the remaining 36.78 meters would contain an average grade of just 0.6 g/t, so the entire mineralized interval of almost 38 meters actually depends on the narrow ultra high-grade zone.
Of course, this is just one hole, and the assay results of the second hole that has been drilled at Outlaw are still pending. And keep in mind the Outlaw zone is large: with a strike length of 4,300 meters and a width of 1,500 meters based on gold in soil anomalies, geochemistry results and some drill results, the 645 hectare Outlaw zone could still have plenty to offer.
Disclosure: The author has a long position in Brixton Metals. Brixton is a sponsor of the website.