Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce its 2025 exploration plans for its wholly owned Thorn Copper-Gold Project. The 2945 square kilometer project is located in Northwest British Columbia, Canada, approximately 90km northeast from Juneau, AK.
Highlights of Exploration Plan for 2025:
Chairman and CEO, Gary R. Thompson, stated, " We are excited to open camp and commence the 2025 exploration season at the Thorn Project. The plan is to split our budget 50/50 between gold/copper targets this year. The plan is to be drilling by the 25 th of May, with a focus on high impact, near surface targets. We are especially motivated to continue drilling the Trapper Gold Target following up on the previous year's successful campaigns and given the recent record-breaking gold price. I continue to be amazed with the high number of exploration targets that this project holds. The 2024 exploration season generated several new, large-scale copper-gold targets that have never been drilled; they offer potential for new discoveries."
Figure 1: Planview Map of Gold Geochemistry from Trapper to Camp Creek including Outlaw .
Camp Creek Feeder Structures
In 2024, step-out drilling in Camp Creek identified two new zones of near-surface, high-sulphidation style gold mineralization, possible feeder structures. Three holes, 307, 221, and 294 encountered gold mineralization that appear to have a northeast trend which is parallel to the Camp Creek structural corridor where drilling is planned to test the continuity of this structure. Hole 307 returned 26m of 1.89 g/t gold, 74.8 g/t silver, 0.28% copper from 172m depth including 8.00m of 4.52 g/t gold, 148.6 g/t silver, 0.54% copper. Shallow drilling is planned to test the up-dip gold zone encountered in hole 221 that returned 55.8 g/t gold over 1.5m from 449.5m depth. Gold mineralization encountered in hole THN24-291 returned 37.30m of 1.35 g/t gold, 16.1 g/t silver, 0.21% copper including 4.65m of 6.15 g/t gold, 61.9 g/t silver, 0.96% copper from 131.7m depth. Hole 291 is located 230m southwest from hole 307 and hole 221 is located 200m northeast from hole 307.
Further, within the area, approximately 600m south from hole 307, is a similar northeast trending high-sulphidation vein feeder structure that outcrops known as the Glenfiddich zone. Some drilling was done in this area, including hole THN13-121 which returned 2.20m of 10.6% copper, 583 g/t silver, and 2.5 g/t gold from 74m metres depth. A cluster of surface rocks samples returning up to 21.5 g/t gold has not been followed up. A few short holes are planned to drill test this gold structure and the potential extension of the Glenfiddich trend.
Trapper Gold Target Drilling
The most significant drill intercept in 2024 was recorded in hole THN24-304, yielding broad intervals of gold mineralization which included several high-grade sub-intervals assaying 82.00m of 1.27 g/t gold, including 27m of 3.49 g/t gold, including 8m of 11.37g/t gold and including 2.00m of 44.43 g/t gold. In 2022, hole THN22-205 intercepted numerous visible gold counts reporting a drill intercept of 64.00m of 5.74 g/t gold, including 52.00m of 6.97 g/t gold and including 28.95m of 10.36 g/t gold.
Figure 2: Trapper Main Zone previously reported drill highlights 2021-2024.
Gold mineralization at Trapper is structurally controlled and appears to favour the contact between the Cretaceous quartz diorite and the Triassic lapilli tuff volcanics with broad gold intervals largely hosted along the faulted contact. Gold mineralization is associated with silver and base metal veins containing pyrite-galena-sphalerite +/- chalcopyrite +/- bornite, +/- quartz-carbonate. There are multiple magnetic CVG (Calculated Vertical Gradient) features seen in Figure 3, that could reflect similar structures which remain open to test for new gold potential. At surface, the Trapper Target is expressed as a 4km northwest trending gold and zinc soil geochemical anomaly.
Figure 3. Trapper Gold Targets, drill plan map and gold geochemistry on calculated vertical gradient from residual magnetic field.
Catalyst and Tempest
At the end of the 2024 field season, two new surface showings of copper-gold porphyry mineralization were discovered adjacent to the northeast striking Camp Creek Corridor that hosts the Camp Creek and Cirque Porphyry Targets. These new targets, Catalyst and Tempest, are hosted in Late Cretaceous porphyritic biotite-feldspar diorite intrusions with a U-Pb zircon geochronology samples returning age dates of 86.6 +/- 0.6 Ma which are of similar to the Camp Creek porphyry mineralization.
Figure 4. Thorn Project Copper Geochemistry.
The Catalyst showing, located 6 km northeast of the Camp Creek Porphyry Target, is defined by a 300m long exposure consisting of stockwork quartz-chalcopyrite-molybdenite A veins hosted within a strong quartz-sericite-pyrite alteration zone. The showing is located within a broader 1.6 km by 1 km northeast trending alteration zone hosting phyllic to argillic assemblages, which transitions into a broader area of propylitic alteration. Soil sample assays to date suggest that mineralization extends up slope from the sampled vein zone.
Rock samples from the Catalyst showing returned up to 0.56% Cu, 0.11% Mo, 2.87 g/t Au, and 30.0 g/t Ag, including a 1.55 m chip across a stockwork vein zone which assayed 0.46% Cu, 68 ppm Mo, and 0.37 g/t Au. The anomalous gold values from samples containing porphyry style veins are encouraging for the potential of a copper-gold-rich porphyry system.
The Tempest showing is located 4.5 km east of the Camp Creek Porphyry Target and 2.5 km south of the Catalyst showing, hosting a 500m by 600m zone of moderate to strong sericite-clay-pyrite altered porphyry with high sericite crystallinity identified from the SWIR data. At the northwest end of the target, an area with limited outcrop exposure contains stockwork quartz-chalcopyrite-pyrite- molybdenite A veins and pyrite-sericite D veins. The presence of copper sulphides, porphyry style veins, and widespread sericite alteration indicates close proximity to a mineralizing intrusion. The extents of alteration and mineralization are currently open to the west, north and east under cover of glacial till and post-mineral volcanic deposits. A magnetic high to the north of the showing suggests potential continuity of the hydrothermal system to the north. Rock sampling at Tempest returned up to 0.36% Cu, 0.28 g/t Au, 10.8 g/t Ag, and 104 ppm Mo.
A 22-line kilometer IP geophysical survey, further soil-rock geochemical survey and geological mapping are planned prior to drilling these new targets in 2025. The outer boundaries have yet to be defined for these new targets.
Figure 5. Camp Creek Corridor Map Highlighting the Catalyst and Tempest Targets.
Note to Figure 5. Copper Equivalent (CuEq) is calculated based on US$ 4.02/lb Cu, US$ 2105.6/oz Au, US$ 25.16/oz Ag, $US 20.99/lb Mo. These prices represent the approximate metal prices and calculations assume 95% metal recoveries. CuEq % = (Cu % + (0.764486* Au g/t) + (0.009134 * Ag g/t) + (0.000523 * Mo ppm)) * 0.95
Qualified Person
Mr. Gary R. Thompson, P.Geo., is a Director, Chairman, CEO and President for the Company who is a qualified person as defined by National Instrument 43-101. Mr. Thompson has verified the referenced data and analytical results disclosed in this press release and has approved the technical information presented herein.
Corporate Update
Effective May 1, 2025, Michael Rapsch has been appointed to act as the Company's VP, Investor Relations. He has been an integral part of Brixton's team, serving as Senior Manager for the past year, during which he has demonstrated his dedication to the Company's success in communicating to shareholders and potential investors Brixton's unique opportunity.
About Brixton Metals Corporation
Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton's flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel Project in Ontario and the Atlin Goldfields Project located in northwest BC which is optioned to Eldorado Gold Corporation. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB , and on the OTCQB under the ticker symbol BBBXF . For more information about Brixton, please visit our website at www.brixtonmetals.com .
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
For Investor Relations inquiries, please contact: Mr. Michael Rapsch, VP Investor Relations. email: michael.rapsch@brixtonmetals.com or call: 604-630-9707
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") announces that Robert McEwen, the Company's largest shareholder, has exercised 3,571,450 share purchase warrants at $0.215 per share for proceeds totalling $767,861.75. Mr. McEwen now owns 32.9% of the Company's outstanding shares, in addition to McEwen Mining Inc., where Mr. McEwen is Chairman and CEO, owning 5.7% of the outstanding shares. In total, 4,608,884 share purchase warrants expiring in May 2025 have been exercised to date, for proceeds totalling $990,910.06. The Company now has 205,797,884 shares outstanding, and its treasury totals approximately $3.9 million, which includes the recent grant from the Manitoba Mineral Development Fund.
For Further Information, Please Contact:
Michael Swistun, CFA
President & CEO
Canadian Gold Corp.
(204) 232-1373
info@canadiangoldcorp.com
Social Media Accounts:
About Canadian Gold Corp.
Canadian Gold Corp. is a mineral exploration and development company whose objective is to expand the high-grade gold resource at the past producing Tartan Mine, located in Flin Flon, Manitoba. The historic Tartan Mine currently has a 2017 indicated mineral resource estimate of 240,000 oz gold (1,180,000 tonnes at 6.32 g/t gold) and an inferred estimate of 37,000 oz gold (240,000 tonnes at 4.89 g/t gold). The Company also holds a 100% interest in greenfields exploration properties in Ontario and Quebec adjacent to some of Canada's largest gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON). McEwen Mining Inc. holds a 5.7% interest in Canadian Gold, and Robert McEwen, the founder and former CEO of Goldcorp, and Chairman and CEO of McEwen Mining, holds a 32.9% interest in Canadian Gold.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of the Company contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Gold's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250886
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Abcourt Mines Inc. (" Abcourt " or the " Corporation ") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it has closed an additional tranche of its previously announced non-brokered private placement, for additional gross proceeds of $4,613,004 (the " Private Placement ") from the sale of the following:
In the aggregate, the Corporation has recently raised a total of $9,281,044 by way of private placement, including $3,000,000 the context of a strategic investment made by Groupe Minier Technica (see Abcourt's news release dated March 3, 2025), and an amount of $1,668,040 in a previous tranche of the non-brokered placement (see Abcourt's news release dated April 3, 2025).
Each Unit consists of one common share of the Corporation (a " Common Share ") and one common share purchase warrant (a " Warrant "). Each Warrant entitles the holder to purchase one Common Share at a price of $0.08 for a period of 36 months following the closing date of the Private Placement (the " Closing Date ").
In the event that, during the period ranging between 12 months and 36 months following the Closing Date, the volume-weighted average trading price of the Common Shares exceeds $0.12 per Common Share for any period of 20 consecutive trading days, the Corporation may, at its option, following such 20-day period, accelerate the expiry date of the Warrants by delivery of notice to the registered holders (an " Acceleration Notice ") thereof and issuing a press release (a " Warrant Acceleration Press Release "), and, in such case, the expiry date of the Warrants shall be deemed to be 5:00 p.m. (Montreal time) on the 30 th day following the later of (i) the date on which the Acceleration Notice is sent to Warrant holders, and (ii) the date of issuance of the Warrant Acceleration Press Release.
The Corporation intends to use the net proceeds from the Private Placement to restart the Sleeping Giant mine and mill, as well as for working capital and general corporate purposes.
The Private Placement constitutes a "related party transaction" within the meaning of Multilateral Instrument 61–101 - Protection of Minority Security Holders in Special Transactions (" MI 61–101 ") as a result of the purchase of an aggregate of 20,000,000 Units and 400,000 FT Shares by insiders of the Corporation. The Corporation relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Private Placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, exceeds 25% of the Corporation's market capitalization (as determined in accordance with MI 61-101).
All securities issued in connection with the Private Placement are subject to a restricted period ending on the date that is four months plus one day following the date of their issuance.
The securities offered have not been, nor will they be, registered under the U.S. Securities Act, or any state securities law and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.
In connection with the Private Placement, the Corporation paid finders fees of $6,900.24 in cash and issued 128,004 finder warrants to arm's length third parties who assisted the Corporation by introducing subscribers to the Private Placement. These finder warrants, like the 1,535,040 warrants issued as consideration in connection with the previous tranche of the private placement, are exercisable at a price of $0.05 for a period of 36 months. Note that the news release dated April 3, 2025, stated that in connection with the closing of the previous tranche, the Corporation paid finder's fees of '$1,051,20' in cash. However, the amount should have read '$1,051.20'.
The Private Placement remains subject to the final approval of the TSX Venture Exchange.
Early Warning Report
As part of the Private Placement, Abcourt issued 20,000,000 Units at a price of $0.05 per Unit for a total consideration of $1,000,000 to SAS Metavet, an entity controlled by François Mestrallet, director of the Corporation.
Prior to the Private Placement, Mr. Mestrallet held, together with his associates and affiliates, 139,486,000 Shares, 87,100,000 warrants to purchase Shares and 1,500,000 stock options, which represented 15.50% of the 899,407,119 Shares then issued and outstanding on a non-diluted basis (22.98% assuming the exercise of the convertible securities).
As of the date hereof, Mr. Mestrallet holds, together with his associates and affiliates, 159,486,000 Shares, 107,100,000 Warrants and 1,500,000 stock options, which represent 16.09% of the 990,560,519 Shares currently issued and outstanding on a non-diluted basis (24.27% assuming the exercise of the convertible securities).
Mr. Mestrallet participated in the Private Placement to support the short and medium-term growth of the Corporation. He intends to hold his securities for investment purposes and may, depending on certain circumstances, including market conditions, increase or decrease his beneficial ownership of or control over the Corporation's Shares, warrants or other securities.
The Form 62-103F1 - Required Disclosure under the Early Warning Requirements associated with this news release can be obtained from the Corporation's profile on SEDAR+ at www.sedarplus.ca. To obtain a copy of the report, please contact Pascal Hamelin, President and CEO of Abcourt, at (819) 768-2857 or phamelin@abcourt.com.
ABOUT Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian exploration company with properties strategically located in northwestern Québec, Canada. Abcourt owns the Sleeping Giant mine and mill, as well as the Flordin property, where it focuses its development activities.
For more information about Abcourt Mines Inc., please visit our website at www.abcourt.ca and view our filings under Abcourt's profile on www.sedarplus.ca
| Pascal Hamelin | Dany Cenac Robert, Investor Relations | |
| President and CEO | Reseau ProMarket Inc. | |
| T : (819) 768-2857 | T : (514) 722-2276, poste 456 | |
| Email: phamelin@abcourt.com | Email : dany.cenac-robert@reseaupromarket.com | |
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could", "should", "likely", or variations of such words and phrases or statements specifying that certain acts, events or results "may", "should", "will" or "be achieved" or other similar expressions. Forward-looking statements, including the expectation of the Corporation with respect to the use of proceeds raised under the Private Placement, are based on Abcourt's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt's public filings, which are available on SEDAR+ at www.sedarplus.ca . There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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