Two High Grade Gold and Silver Projects Ontario and British Columbia, Canada
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Brixton Metals Corporation (TSXV:BBB) is a precious metals exploration and development company focused on advancing its wholly-owned gold and silver projects. Properties include the past-producing Langis and Hudson Bay silver-cobalt mines in Ontario, Canada’s historic Cobalt camp.; the advanced stage silver-gold-copper-lead Hog Heaven project in Montana; the district-scale Thorn gold-silver-copper project in British Columbia (BC); and the early stage Atlin gold project in Northwestern BC. All four projects have returned exceptional results and offer high growth potential.
- Experienced management team with a proven track record of building companies.
- Well positioned for a sector recovery with four high potential gold and silver projects in stable jurisdictions.
- Langis-Hudson Bay drill results: 7.87 meters of 0.27 percent cobalt and 2,787.26 g/t silver including 1.00 meter of 1.98 percent cobalt and 15,436 g/t silver.
- Hog Heaven project has 722 historic drill holes including 12.19 meters of 2,330 g/t silver equivalent; 54.86 meters and 411 g/t silver equivalent
- Thorn drill results: 95 meters of 1.71 g/t gold, 628 g/t silver, including 9.3 meters of 3.0 g/t gold, 2,984 g/t silver. Surface rocks samples of 265 g/t Au and 57 g/t Au. Deposit type include sediment hosted, high-sulphidation veins/breccia and porphyry-Cu-Au-Ag-Mo
- Atlin property represents 979 square kilometers following strategic acquisitions of Spruce, Yellowjacket, McKee and Otter properties. Bonnaza gold grades with 5.5m of 509 g/t Au.
- Tight Share Structure with 68M S/O: Rob McEwen is one of Brixton’s largest shareholders with 6.0 percent; Gold 2000 holds 8.0 percent; Hecla Mining holds 4.0 percent; management and the board collectively hold 8.0 percent
Langis-Hudson Bay Project
Brixton Metals is actively drilling its wholly-owned Langis-Hudson Bay silver-cobalt project. The project is located 500 kilometers North from Toronto, Ontario. Silver was first discovered in the Cobalt silver district in 1903 leading to a staking rush. By 1908 the Cobalt camp was producing 9 percent of the world’s annual silver output and still ranks as Canada’s largest silver producing region. Approximately 500M oz of silver and 50M pounds of cobalt was produced from the Cobalt Camp.
Past-production form the Langis Mine totaled 10.4 million ounces of silver at a recovery grade of 25 opt or 778 g/t silver. Past production from the Hudson Bay mine was of 6.4 million ounces of silver at 123 opt silver as well as 185,570 pounds of cobalt.
Drill Summary for Hudson Bay Phase One 2018
The area boasts excellent local infrastructure with year-round road access and nearby power, railway, gas pipeline, small-scale mills, a refinery and an assay lab.
Current exploration initiatives
Brixton has conducted approximately 7,200 meters of drilling on on Langis and Hudson Bay combined which has confirmed the presence of high grade cobalt and silver mineralization.
Highlights from the Hudson Bay drilling to date include the following:
In August 2018, Brixton announced the discovery of a kimberlitic body at the project. The company collected a sample of 53.6 kilograms from three drill holes and sent it for testing for the presence of micro diamonds. The 53.6 kg of material was slpit into 10 samples. The recovery tests returned one diamond from a 6.4 kg sample from hole 37.
“We are very intrigued by this discovery,” said Gary Thompson, CEO of Brixton. “We were targeting cobalt-nickel-silver mineralization in the shallow Archean rocks when we encountered the kimberlitic material. The fact that we recovered a diamond fragment given that the kimberlite sample size was very small is an exciting discovery. The kimberlite in hole 36 to hole 37 is 149m apart and the distance of the kimberlite from hole 37 to the kimberlite in hole 34 is 515m. This has piqued our interest as to whether a very large kimberlite pipe or a series of pipes exists.”
Brixton will conduct further core and RC drilling to test the length of the kimberlitic body and will work in consultation with diamond exploration experts.
What’s Next at Langis-Hudson Bay?
The company plans to continue its drilling initiatives with a goal of outlining a potential maiden mineral resource for the properties
Hog Heaven Project
Brixton acquired a 100 percent interest in the Hog Heaven silver-gold-copper project for 2.68M shares. Located in the northwestern corner of Montana, the project is easily accessible and supported by existing mining infrastructure in the region.
The project has seen extensive exploration in the past, with over 722 drill holes. These led to a historical (non-compliant NI 43-101) resource estimate of 47.3 million ounces of silver and 0.23 million ounces of gold.
Past production at the Hog Heaven mine was conducted between 1929 and 1964 and totaled 6.7 million ounces of silver at 29 oz/t silver, 3,000 ounces of gold, 23 million pounds of lead and 0.6 million pounds of copper. This was mined from 230,000 tons of ore that was shipped directly to a smelter.
View looking west Main Mine
Brixton recently completed geophysical surveys and plans to resampling historical drill material for base metals.A total 57,498 meters of drilling from 722 holes were completed previously. The proposed drilling program will focus on high-grade feeders zones and identify new targets. Brixton hopes to complete sufficient drilling over the next few years to establish a maiden resource and then rapidly move towards a preliminary economic assessment.
Brixton Metals wholly-owned Thorn Project is located in the Sutlahine River area of northwestern British Columbia, approximately 95 kilometers from Juneau, Alaska.
The nearly 1000SQKM property hosts a district-scale Triassic-Cretaceous volcano-plutonic complex with porphyry and epithermal style mineralization including sediment-hosted gold, high-grade silver-gold-lead-zinc-bearing diatreme-breccia zones, high-grade gold-silver-copper veins and porphyry copper-gold-silver.
Thorn host an inferred resource estimate of 21.5 million ounces of silver equivalent from 7.4 million tonnes at 89.75 g/t silver equivalent over three mineralized zones. The project has significant upside potential given that the resource estimate is based on limited drilling and many high-grade gold targets remain to be drill-tested.
During the 2014 exploration program at Thorn, Brixton Metals discovered a new sediment-hosted gold zone, the Outlaw zone represents a potential large tonnage-type gold target. Highlights included:
- Hole 128 returned 65 meters of 1.15 g/t gold, 5.64 g/t silver from 76.00 meters depth; including 9.00 meters of 3.08 g/t gold and 10.77 g/t silver.
- Hole 127 located 283 meters west of hole 128; returned 11.58 meters of 1.96 g/t gold and 13.78 g/t silver.
In 2017, the company conducted geological mapping at the Chivas Zone, which identified a new 115-meter by 1,200-meter open-ended corridor of copper mineralization. Rock samples from this area showed values of up to 4.49 g/t gold, 4.38 percent copper and 443 g/t silver. First uncovered in 2014, the Chivas zone represents an important mineralized target for the company and is located three kilometers southwest from the Outlaw gold zone.
A 2017 drilling program at the Chivas zone covered 10 holes for a total 2,455 meters in an area of 800 meters by 800 meters. Drill results outlined the presence of gold-silver mineralization over a large area that remains open. Results included 6.45 meters of 4.86 g/t gold equivalent, 8.0 meters of 4.01 g/t gold equivalent and 17.26 meters of 2.62 g/t gold equivalent. The Chivas Zone represents a large copper-gold porphyry target. This copper target was not properly tested during the 2017 drill program.
During 2018 in cooperation with the Mineral Deposit Research Unit whole rock lithogeochemical analysis combined with short-wave infrared spectroscopy and geological mapping. This is a cost-effective method to vector for copper-gold porphyry targets. Preliminary results suggest that the Thorn host potential for a district scale porphyry Cu-Au target.
Atlin Gold Camp
The wholly owned Atlin gold project measures 586 square kilometers and sits within the Atlin placer gold camp, which is known for having produced over 600,000 ounces of gold between 1898 and 1946.
Samples collected by a previous owner showed results of 518.27 g/t gold in 15 kilograms from a trenched quartz vein. A number of 15-kilogram bulk samples returned results of over 30 g/t gold from quartz material. Samples retrieved from altered wall rock were of a maximum 7.75 g/t gold.
The highest grab sample result recorded on the property was of 1,615.77 g/t gold and was retrieved form a 30-centimeter quartz vein.
Further sampling as part of the 2017 field season included 200 rock samples and 120 soil samples from the vicinity of the historic Standard Gold Mine trenches. Sample results included 293 g/t gold and 88 g/t gold.
The next steps for the Atlin project is to further refine drill targets through soil-geochemical sampling and geological mapping with a focus on structural controls.
Gary Thompson, P.Geo.—Chairman and CEO, Director
Gary Thompson is a Co-founder of Brixton Metals in 2010. He brings over 25 years of project management and resource exploration experience in precious and base metals. Since the mid 1980’s Mr. Thompson worked for both junior and major exploration and mining companies. Thompson’s Cayley Geothermal went public though a RTO of Sierra Geothermal in 2006. He was the CEO of Sierra Geothermal until it was acquired by Ram Power in 2010.
Cale Moodie—Director and CFO
Cale Moodie is a Co-founder of Brixton Metals. His career in public markets spans over a decade. Moodie previously worked for KPMG LLP’s Vancouver Industrial Markets Group, with an emphasis on audits for mining and resource-based companies. He is currently the CFO of Full Metal Minerals and was previously CFO of Underworld Resources until its sale to Kinross Gold Corporation in June of 2010. Moodie is a member in good standing with the Institute of Chartered Accountants of British Columbia and the Canadian Institute of Chartered Accountants.
Sorin Posescu—Vice President, Exploration
Sorin Posescu was a senior Geologist for Brixton Metals since the company’s founding in 2010. Posescu brings 20 years’ experience in resource exploration to the team. He also formerly served as senior project geologist with NovaGold, Sierra Geothermal and OMV-PETROM.
Danette Schwab, P.Geo.
Danette Schwab is a Professional Geoscientist registered in British Columbia. She obtained a Bachelor of Science degree (Earth Science) from Simon Fraser University in 2001. She has 15 years experience in mining and mineral exploration, and is a former Senior Exploration Geologist for NovaCopper and Fronteer Gold (acquired by Newmont for $2.3B in 2011), former Project Manager for Riverside Resources and Project Geologist for NovaGold and Balmoral Resources. She has experience exploring for a number of deposit types, including porphyry copper-gold, Carlin-style gold, sediment-hosted copper, orogenic gold, epithermal gold and VMS.
Carl Hering, PhD—Director
Dr. Carl Hering is a geologist with over 35 years of diversified technical and managerial experience in mineral exploration and corporate development worldwide. He was instrumental in two major gold discoveries in Latin America, each exceeding 3 million ounces and one in Ontario of over 10 million ounces. Most recently, he has worked for numerous clients as an independent consultant and has been a Director of numerous junior companies.
Ian Ball most recently served as President of McEwen Mining, where he was responsible for overseeing the company’s production and exploration programs throughout Mexico, Argentina and Nevada. Ball is credited with leading the team that built the El Gallo 1 mine, in addition to making the El Gallo 2 discovery in Mexico. He originally began his career with Goldcorp in 2004 and holds a bachelor of commerce degree.
Randall Thompson has 30 years of experience in building and operating open pit and underground, precious and base metals mines in Canada, Australia and the Middle East. From 2012 to 2017 he was President and Chief Operating Officer of Huckleberry Mines Ltd., which owns and operates the open-pit Huckleberry copper and molybdenum mine located in west central British Columbia. Mr. Thompson has supervised large development projects including the roughly $100 million expansion of the Huckleberry Mine and the $450 million construction of the Jabal Sayid mine in Saudi Arabia for Equinox Minerals. More recently, he worked on optimizing operations for the Silvertip Mine in northern British Columbia prior to the takeover of JDS Silver by Coeur Mining. Previous board experience includes directorship for Minto Explorations in the Yukon and the Mining Association of British Columbia. (Randall Thompson is of no relation to Chairman & CEO, Gary R. Thompson.)
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