Brixton Metals drilling Atlin Goldfields Project, British Columbia
Brixton Metals Corp. [TSXV: BBB; OTCQX: BBBXF] reported that drilling has begun at its Atlin Goldfields Project, located in northwest British Columbia. Eldorado Gold Corp. [TSX: ELD; NYSE: EGO] has a path to 100% ownership via an earn-in option agreement reported in a news release dated July 16, 2024.
Following a property-wide assessment utilizing geological, geophysical and geochemical datasets created and expanded between 2024-2026, Brixton will complete initial drill testing of newly identified, structurally-focused targets in the Yellowjacket area. The drill targets are outside of previously drill-tested areas on Pine Creek, leveraging a new geological model for controls on mineralization. The current drill plan is for approximately 6-10 drillholes for a total of 2,500-3,000 metres.
Gary R. Thompson, Chairman and CEO, stated, “It’s great to see the Atlin Goldfields Project receiving some drilling attention. We are looking forward to the results from this initial drill program. While the goldfields of Atlin have been producing placer gold since 1898, very limited hard rock exploration have been conducted within this mining camp.”
The Atlin Goldfields Project is road accessible near the town of Atlin, BC and approximately a two-hour drive from Whitehorse, Yukon. Since 2016, and over a km2 kilometer claim group with a focus on locating the hard rock source of the wide-spread placer gold. The Atlin Goldfields Project covers several orogenic and intrusion-related gold targets. The Atlin gold camp has been producing gold for 125 years and is the second largest placer gold producer in British Columbia with a reported 600,000 ounces of gold produced between 1898 and 1945.
An estimated additional 400,000 ounces of gold have been produced since the record keeping ceased in 1946 (Ash 2001). The two major placer producing creeks (Pine and Spruce) and many of the other productive creeks are located within the Atlin Goldfields Project. The Atlin gold camp holds the provincial record for the largest gold nugget, which weighed 2.6 kg (85 ounce) and was discovered on Spruce Creek (BCGS Paper 2017-1, p.179-193).
Rock samples of coarse-grained quartz veins have returned values of up to 293 g/t and 518 g/t gold from the LD Showing and 53.60 g/t gold and 45 g/t gold from the Union Mountain Showing. Historical diamond drilling at the Yellowjacket Target has returned up to 509.96 g/t gold over 5.57 metres. Brixton’s drilling in 2023 returned 35 metres of 0.77 g/t gold, including 19 metres of 1.34 g/t gold, including 0.45 metres of 38.10 g/t gold at the Yellowjacket Target. In 2019, Brixton drilled 8.53 g/t gold over 2.00 metres at the LD showing.
Brixton Metals wholly owns four exploration projects: its flagship Thorn copper-gold-silver-molybdenum project, the Hog Heaven copper-silver-gold Project in NW Montana optioned to Ivanhoe Electric Inc., the Langis-HudBay silver project, Ontario and the Atlin Goldfields Project, northwest BC, optioned to Eldorado.