Brixton Metals Corporation

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Brixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields projects located in NWBC, the Langis-Hudson Bay silver-c...

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Brixton Metals Corporation

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Brixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects......

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8020 Admin

10 hours ago

8020 Admin posted a press release President's Letter to Shareholders in BRIXTON METALS CORPORATION


VANCOUVER, British Columbia, Jan. 08, 2020 (GLOBE NEWSWIRE) --

Dear Shareholders and Investors,


The past year was an exciting time for Brixton Metals, where we drilled 9,642m between the Thorn and Atlin Projects and raised more than $10M in what remains a challenging market for junior exploration companies. We thank you for your support and sustained optimism as we continue to unlock the mountain of value and generate new discoveries on our wholly owned projects.


Our priority is creating shareholder value, which is steeped in acquiring gold, silver and copper assets at a reasonably low cost. Through a systematic exploration process, we intend to unlock value as we advance them to feasibility.


Highlights from 2019


The Thorn Project located in the northern tip of BC’s Golden Triangle received most of our attention during the work season, where efforts were made to locate one or more of the porphyry centers. Drill hole THN19-150 was drilled to 829m in depth, which returned 554.70m of 1.97 g/t AuEq (0.57 g/t Au, 0.24% Cu, 43.18 g/t Ag, 0.55% Zn, 0.28% Pb), including 135.96m of 5.00 g/t AuEq (1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag, 1.61% Zn, 0.89% Pb). See Brixton Metal’s Press Release, dated July 15, 2019 for complete results. Hole 150 ranks amongst the best drill intercepts globally of 2019. The Thorn Project mineral claim package was increased to 2,300 square kilometers.


A new camp was established at Brixton Metals’ Atlin Goldfields Project followed by prospecting, soil-geochemical, magnetic geophysical surveys and drilling. This work identified a new area of interest with a 45 g/t Au rock grab sample(1) from Union Mountain and drilling at the LD Zone returned 2m of 8.5 g/t Au. See Brixton Metals’ Press Release, dated September 16, 2019 for complete results. 


2020 Outlook


We envision a three-pronged approach to unlocking value for shareholders during 2020. We plan to continue exploration activities with our current treasury of $5.5M, seek M&A opportunities, and secure JV partnerships with senior companies.



  1. At the Thorn Project we plan to complete the following: the deep seeing IP-MT geophysical survey (9 line-kilometers over the Camp Creek Copper Corridor); conduct a broad scale soil geochemical survey over the southern portion of the property, where a large area of high porphyry copper indicators were identified; conduct a detailed soil geochemical survey at the Outlaw west area, where 39 g/t Au and 12 g/t Au was returned from rock grab samples in 2018(1); complete selective drilling based on the results of the above. The Camp Creek blind porphyry target remains a priority with its multi-kilometer scale potential. 
     

  2. The most advanced project held by Brixton Metals is the Hog Heaven Project located in NW Montana, USA. A feasibility study was completed in 1988 on 722 drill holes over 57,498m(2). Hole AFR-79-5 returned 12.19m of 5.97 g/t Au, 1,088.36 g/t Ag, 6.58% Cu and hole AFR-81-38A returned 67.06m of 2.65 g/t Au, 339.93 g/t Ag(3). We plan to follow up these intercepts with drilling, in addition to drill testing newly identified targets. Further metallurgical work is planned as we move toward an updated NI-43-101 resource and revised PEA.
     

  3. At the Atlin Goldfields Project we plan to conduct a property wide soil geochemical survey and prospecting program to generate new drill targets. Brixton Metals has amended and concluded the 2017 Option Agreement on the Eagle claims of 1,214 hectares. The final consideration to the vendor is the issuance of 165,000 common shares of Brixton Metals.


2020 marks Brixton Metals’ 10 year anniversary of its TSX Venture Exchange listing. A heartfelt “thank you” to the people who have contributed to our success. We look forward to generating exciting new results from our high impact exploration projects this year.


We will be exhibiting at the Vancouver Resource Investment Conference on January 19 & 20 and will be presenting at 11:20 a.m. on January 20th. More information can be found by clicking this link.


Please feel free to reach out to us or visit us at the conference booth.


Thank you


Sincerely,


Gary R. Thompson, P.Geo
President, CEO, Chairman, Director, Founder
gary.thompson@brixtonmetals.com
604-630-9707


Mr. Sorin Posescu, P.Geo, Vice President Exploration for Brixton Metals and a Qualified Person as defined under National Instrument 43-101 standards has reviewed and approved the technical information in this news release.


All reported drill assays are uncut weighted averages and represent drilled core lengths. The true width of reported mineralization is unknown at this time. Gold Equivalent values (AuEq) were calculated using the formula AuEq = ($1,250.00 x Au g/t ÷ 31.10 + $15.40 x Ag g/t ÷ 31.10 + $2.80 x % Cu ÷ 100 x 2204.63 + $0.90 x % Pb ÷ 100 x 2204.63 + $1.25 x % Zn ÷ 100 x 2204.63) ÷ $1,250 x 31.10. This method assumes full metal recoveries as metallurgical work has not been conducted.


Note (1): This is a select sample and is not representative of the mineralization hosted on the property.


Note (2): The feasibility study was completed prior to implementation of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and based on diamond drilling. While Brixton considers the study to be relevant to investors as it may indicate the presence of mineralization, a QP for Brixton has not done sufficient work to classify the historical estimates as current mineral resources as defined by NI 43-101 and Brixton is not treating these historical estimates as a current mineral resource.


Note (3): The Qualified Person (“QP”) for Brixton cannot verify the drill results reported in the table above. The precise location of the drill cores from the program is presently unknown and they have not been inspected by the QP, and therefore Brixton has not undertaken any re-logging, resampling or check assays; however, Brixton has no reason to doubt the results and considers the results relevant and suitable for disclosure. Data from the above drill results are historical results and it is unknown what type of quality-control programs were performed at the time. The QP also advises that true width of the above results cannot be determined at this time.


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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8020 Admin

20 days ago

8020 Admin posted a press release Brixton Metals Discovers Porphyry Style Mineralization at the Camp Creek Copper Corridor and Drills 230.82m of 0.27% CuEq at its Thorn Project in BRIXTON METALS CORPORATION

VANCOUVER, British Columbia, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce final analytical results from its 2019 phase two exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia. The analytical results reported below are from a total of ten core holes, which is the balance of the 2019 program. Six core holes were drilled at the Chivas Porphyry target, two core holes were drilled at the Camp Creek Copper Corridor Porphyry target, one core hole was drilled at the Talisker Zone and one core hole at the Outlaw Zone, a sediment hosted gold target.


2019 Highlights:



  • 2019 drilling further supports a district-scale opportunity at the Thorn Project, showing metal zoning similar in scale and arrangement with large porphyry Cu(Au-Mo) systems worldwide


  • Intersections of porphyry-style Cu-Au-Mo mineralization in multiple 2019 drill holes in the Camp Creek Corridor:

    • THN19-150 (Oban):  554.70 m at 1.97 g/t AuEq (97.00-651.70 m)

    • THN19-151 (Oban):  256.87 m at 2.31 g/t AuEq (100.18-357.05 m)

    • THN19-162 (Glenfiddich):  230.82 m at 0.27% CuEq (323.00-553.82 m)





  • Drill hole THN19-162 intersected Cu-Au-Ag-Mo mineralization as follows:





    • 230.82m of 0.16% Cu, 0.08 g/t Au, 0.011% Mo and 1.90 g/t Ag or 0.27% CuEq from 323.00m depth with increasing Cu and Mo grades at depth


    • Including 91.00m of 0.21% Cu, 0.09 g/t Au, 0.015% Mo and 2.43 g/t Ag or 0.35% CuEq from 425.00m depth 


    • Including 59.25m of 0.22% Cu, 0.11 g/t Au, 0.015% Mo and 2.59 g/t Ag or 0.38% CuEq from 456.75m depth





  • Further drilling at the Outlaw Zone confirms broad intervals of gold mineralization:

    • Drill hole THN19-160 intersected 32.05m of 0.50 g/t Au from 23.95m depth including 2.00m of 5.01 g/t Au from 54.00m depth

    • Drill hole THN19-159 intersected 37.78m of 1.23 g/t Au from 95.00m depth including 12.00m of 3.46 g/t Au (gold assays adjusted after screen metallic analysis)




Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “The 2019 exploration season for Brixton was an exciting one, which started with one of the deepest and best core holes ever on the Thorn Project resulting in more than a half kilometre of mineralization. Drill hole 150, which was drilled at the Oban diatreme, included 135.96m of 5 g/t AuEq. Drill hole 162 was collared 1 kilometre west of hole 150 and is the first porphyry style mineralization that has been drilled in the Camp Creek area. We are encouraged that the grades in hole 162 are increasing with depth and ended in mineralization. The Camp Creek Copper Corridor has all the porphyry hallmark indicators of a large mineralized system. The Camp Creek target is a buried porphyry target that will take more work including geology, geophysics, geochemistry and deep drilling to locate the center of the system.” See Figure 11 which shows the current work area in relation to the size of the claim block. 


Mr. Thompson continued, “Following the recent financings, Brixton expects to finish the year with about C$5.6 million and is well positioned to continue advancing Thorn along with its other projects for the benefit of our shareholders. We are still reviewing the data from the 2019 work programs at all of our projects and plan to release our 2020 exploration plans early next year.”


Thorn Project Porphyry Target Highlights:



  • Multiple phases of texturally and chemically Cu-fertile porphyry phases are present. Textural favourability is indicated by 'crowded' plagioclase and hornblende phenocrysts and thick biotite books; chemical fertility by high Sr/Y ratios, a recognized signal of porphyry Cu-related intrusions worldwide.
     

  • High-grade veins containing enargite and/or other sulphosalts are common in parts of the Camp Creek Corridor like drill hole THN13-121, which returned 1.1 m true thickness of 10.62% Cu, 583 g/t Ag and 2.55 g/t Au from 74.4m depth. Vein grab samples from Camp Creek have returned up to 66 g/t Au, 32.8% Cu and 2,900 g/t Ag; however, these grab samples are not representative throughout the property, but similar veins closely overlie porphyry Cu shells at other deposits.
     

  • Fragments containing chalcopyrite-and/or molybdenite-mineralized porphyry-style veins are present in the Oban breccia.  They were likely derived from porphyry mineralization at depth and transported upward by the explosive brecciation process (Sillitoe, 1985).


Click here for Figure 1. Drill Location Plan Map


Camp Creek Copper Corridor Drilling Summary  


The 2019 phase two program objective was to conduct a deep seeing to about one kilometre depth DCIP-MT geophysical survey across the Camp Creek trend to identify drill targets. Unfortunately, due to a late start of the survey and the early onset of winter conditions, less than half of the proposed survey lines were completed (9km of the 20km). Drilling at Camp Creek Target consisted of a total 1,308m within three holes with the objective to test for porphyry related mineralization. Drill hole 162 was located about 1 kilometre west from hole 150. Hole 162 was successful in intersecting porphyry style copper-gold-molybdenum-silver mineralization over significant widths. Mineralization is hosted in a diorite porphyry Thorn stock and consists generally in disseminated sulphides. Drill hole 162 was drilled below the high sulphidation part of the system that was intersected by previous drilling at the Glenfiddich Zone where THN13-121 returned 1.1 m true thickness of 10.62% Cu, 583 g/t Ag and 2.55 g/t Au from 74.4m depth.


Click here for Figure 2. HQ Core THN19-162 From 410.70m depth


Click here for Figure 3. THN19-162 Chalcopyrite/Pyrite Mineralization at 480m Depth


Click here for Figure 4. HQ Core THN19-162, From 406.95m to 416.66m Depth


The most significant porphyry related mineralization interval in drill hole 162 occurs from 323.00m to 553.82m where analytical results returned 230.82m of 0.16% Cu, 0.08 g/t Au, 0.011% Mo and 1.90 g/t Ag or 0.27% CuEq. Importantly, it appears that porphyry style Cu-Mo mineralization increases with depth (see Figure 6. Hole 162 Graphic Log).


Table 1a. Composite Assays for THN19-162


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=BBB%3ACA&qmodStoryID=5113614806670058 

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8020 Admin

26 days ago

8020 Admin posted a press release Brixton Metals Announces Closing of Second Tranche of Private Placement in BRIXTON METALS CORPORATION


Not for distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce the closing of the second tranche of its previously announced private placement on November 6, 2019 of common shares and flow-through common shares of the Company for gross proceeds of $512,324.00 (the "Private Placement") through the issuance of 1,926,350 flow-through shares (“FT Shares”) of the Company at $0.24 per flow-through share and 250,000 common shares (“Common Shares”) of the Company at $0.20 per common share (collectively, the “Securities”) to investors in Canada (the “Investors”), conditionally approved by TSX Venture Exchange (“TSX-V”).


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “With this additional financing complete, the Company is in a strong position moving into 2020 with approximately $5.6M of working capital, allowing us to advance select high-impact exploration projects. The company will continue its focus of unlocking shareholder value.”


Red Cloud Securities, Canaccord Genuity Corp., PI Financial Corp., and Eight Capital acted as finders (the “Finders”) in connection with the Private Placement. The Company paid the Finders a fee of 7% in cash and 7% in warrants (“Finder’s Warrant”). Each Finder’s Warrant entitles the Finder to acquire once Common Share at an exercise price of $0.24 for a period of 24 months from Closing (“Finder Warrant Expiry Date”).


The proceeds from the Private Placement will be used for exploration activities on the Company’s projects in Canada. The Securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day expiring from the closing date of the Private Placement.


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


About Brixton Metals Corporation


Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields Projects located in NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com


For Investor Relations please contact Mitchell Smith
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com


Cautionary Note


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 and proposed exploration programs. 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 statement.


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8020 Admin

1 month ago

8020 Admin posted a press release Brixton Metals Announces Closing of $1.7M Private Placement in BRIXTON METALS CORPORATION


Not for distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, Nov. 28, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce the closing of its previously announced private placement on November 6, 2019 of common shares and flow-through common shares of the Company for gross proceeds of $1,697,079.92 (the "Private Placement") through the issuance of 6,987,833 flow-through shares (“FT Shares”) of the Company at $0.24 per flow-through share and 100,000 common shares (“Common Shares”) of the Company at $0.20 per common share (collectively, the “Securities”) to investors in Canada (the “Investors”), conditionally approved by TSX Venture Exchange (“TSX-V”).


As consideration for the services provided to the Company by certain finders (a “Finder”) in connection with the Private Placement, the Company shall pay a finders’ fee of 7.0% of the gross proceeds received from the sale of the Securities in the Private Placement payable in cash and common share purchase warrants (“Finder’s Warrants”) equal in number to 7.0% of the number of Securities sold to persons introduced to the Company by the Finders, with each Finder Warrant entitling the Finder to acquire a common share (a “Finder’s Warrant Share”) for a period of 24 months from Closing (“Finder Warrant Expiry Date”), at a price of $0.24 per Finder Warrant Share. The total finders fees in aggregate are $117,115.59 and a total of 489,147 Finder’s Warrants. Finders in connection with the Private Placement  included Red Cloud Securities, Mine Equities Ltd., Leede Jones Gable Inc., Canaccord Genuity Corp., EMD Financial Inc., and Accilent Capital Management Inc.


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “With this additional financing complete the Company will be in a strong position moving into 2020, allowing us to advance select high-impact projects.”


The proceeds from the Private Placement will be used for exploration activities on the Company’s projects in Canada. The Securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day expiring from the closing date of the Private Placement. The Company may close additional tranches of FT Shares if market interest and demand materializes.


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields Projects located in NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com


For Investor Relations please contact Mitchell Smith
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com


Cautionary Note


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 and proposed exploration programs. 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 statement.



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8020 Admin

2 months ago

8020 Admin posted a press release Brixton Metals Drills 37.78m of 1.17 g/t Au at the Outlaw Zone, Including 12.00m of 3.28 g/t Au and 3.00m of 9.06 g/t Au at its Thorn Project in BRIXTON METALS CORPORATION

VANCOUVER, British Columbia, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce additional analytical results from its 2019 phase two exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia. As part its 2019 Thorn program of 8,042m drilled, the Company drilled two holes at the Outlaw Zone for a total of 689m in holes THN19-159 and THN19-160. The analytical results reported below are from drill hole 159. The analytical results for drill hole 160 are pending. The Outlaw Zone is a large-scale intrusion-related sediment-hosted gold-silver target.


Highlights From the Outlaw Gold Zone



  • Drill hole THN19-159 intersected gold mineralization as follows:

    • 37.78m of 1.17 g/t Au from 95.00m depth

    • Including 12.00m of 3.28 g/t Au from 118.00m depth

    • Including 3.00m of 9.06 g/t Au from 125.00m depth

    • Including 1.00m of 22.00g/t Au                      


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “The scale of the mineralized system at Thorn is impressive with two porphyry targets and a large-scale intrusion-related sediment-hosted gold-silver target already identified on this nearly 2,000 SQKM project. The consistent nature of the gold mineralization at the Outlaw Gold Zone is very encouraging. Based on geology, gold-in-soil and rock geochemistry and limited drilling, the Outlaw Gold Zone has a strike of 4.3km and a width of 1.5km.” 


Mr. Thompson further stated, “The remaining drill results from the 2019 season shall be released as assays become available. All six drill holes from Chivas, our second porphyry target at Thorn, along with three drill holes from the Camp Creek porphyry target and the second hole drilled at Outlaw are still pending.”


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=BBB%3ACA&qmodStoryID=8350784486138925 

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8020 Admin

2 months ago

8020 Admin posted a press release Brixton Metals Announces Private Placement of up to $3,000,000 in BRIXTON METALS CORPORATION


VANCOUVER, British Columbia, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF)  (the “Company” or “Brixton”) announces a non-brokered private placement financing of up to $3,000,000 (the “Private Placement”) through the issuance of any combination of common shares of the Company (“Shares”), flow-through shares of the Company (the “FT Shares”) and charitable flow-through shares of the Company (the “Charitable-FT Shares”). The Shares will be priced at $0.20 per Share and the FT Shares will be priced at $0.24 per FT Share. The Charitable FT Shares are priced at $0.29 per Charitable FT Share.


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “We are pleased with the exploration results from the 2019 season, from which some results are still pending. While we anticipate ending 2019 with more than $3 million in cash, this financing will allow us to effectively plan for our 2020 exploration programs. These funds will give us the potential to materially advance select wholly owned projects providing the best position from which to create shareholder value”.


All securities issued pursuant to this Private Placement will be subject to a four month and one day hold period. The Private Placement is subject to acceptance by the TSX Venture Exchange (the “Exchange”).


The closing date for the Private Placement is scheduled to occur on or before November 27, 2019. The Company may pay a finders’ fee in respect of certain subscribers in accordance with the policies of the TSX Venture Exchange.


The Company may issue securities under the Private Placement in accordance with the provisions of applicable prospectus exemptions available to existing security holders, if there is interest. Any existing shareholders of the Company interested in participating in the Private Placement should contact the Company using the contact information below. The Private Placement is not subject to a minimum and the Company will provide an update on its intended use of proceeds, including approximate amounts, once subscriptions are confirmed.


The use of proceeds shall be for exploration expenditures on Brixton’s wholly owned exploration projects and for general working capital.


About Brixton Metals Corporation


Brixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn gold-silver and the Atlin gold projects located in NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. The Company is actively seeking JV partners to advance one or more of its projects. 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 Metals please visit our website at www.brixtonmetals.com.


On Behalf of the Board of Directors


Mr. Gary R. Thompson, Chairman and CEO
Tel: 604-630-9707 or email: info@brixtonmetals.com


For Investor Relations, please contact Mitchell Smith
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com


NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES


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, TSXV final approval, and the exploration potential of the Hog Heaven project based on historical drill results and forward looking statements. 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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8020 Admin

2 months ago

8020 Admin posted a press release Brixton Metals Drills 2.3 g/t AuEq over 257m, Including 10m of 13.5 AuEq (4.6 g/t Au, 248 g/t Ag, 0.4% Cu, 8% Zn+Pb) at its Thorn Project in BRIXTON METALS CORPORATION

VANCOUVER, British Columbia, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce initial and preliminary results from its phase two exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia.  Brixton completed 3 lines for a total of 9.1 line km of Titan24 DCIP-MT (induced polarization-magnetotelluric) geophysical survey across the Camp Creek Copper Corridor. The 2019 phase two drilling consisted of a total of 7,213m within 13 holes. The depths of the holes varied from 308m to 862m. Two core holes were drilled at the Outlaw sediment hosted gold-silver zone (assays pending), six core holes were drilled at the Chivas Porphyry target, four holes were drilled at the Camp Creek Copper Corridor target (Oban diatreme breccia pipe and Glenfiddich Zone - two holes have assays pending and holes 151 and 153 are released herewith) and one hole at the Talisker Zone. The combined phase one and phase two drilling at the Thorn Project for 2019 is 8,042m.


Highlights and Key Findings



  • Drilling of hole 151 and 153 was from drill pad 150 which has extended the Oban Zone polymetallic mineralization:

    °  THN19-151 returned 256.87m of 0.61 g/t Au, 50.18 g/t Ag, 1.20% Zn, 0.41% Pb or 2.31 g/t AuEq over 256.87m

    °  
    Including 24.40m of 2.42 g/t Au, 128.22 g/t Ag, 3.05% Zn, 1.02% Pb or 6.91 g/t AuEq over 24.40m

    °  
    Including 10.00m of 4.60 g/t Au  248.12 g/t Ag, 0.42% Cu 6.11% Zn, 1.99% Pb or 13.47 g/t AuEq over 10.00m

    °  
    THN19-153 returned 87.27m of 0.19 g/t Au, 79.43 g/t Ag, 0.49% Zn, 0.26% Pb or 1.65 g/t AuEq over 87.27m.
     

  • The geophysical survey produced a chargeability high anomaly at the Oban Zone, which appears to form a northeast trend for 600m and remains open ended (see Figure 5 and Link to the preliminary 2D inversion results report below).
     

  • New and very large porphyry target areas were generated through the re-analysis of regional stream sediment geochemical data by the BC Geological Survey, resulting in new mineral claims being staked by Brixton (see Figures 6 and 7).


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “Brixton continues to unlock a mountain of value at the wholly owned Thorn Project in the prolific Golden Triangle of BC. The Camp Creek geophysical anomaly suggests that we have a large untested target to the northeast from the Oban Zone. Further geophysical survey lines are planned for next season to map the extent of the anomaly.”


Table 1. Composite Assays for THN19-151


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=BBB%3ACA&qmodStoryID=4593139702719048 

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Brixton Metals Corporation

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Brixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields projects located in NWBC, the Langis-Hudson Bay silver-c...

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Brixton Metals Corporation

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Brixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects......

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10 hours ago

8020 Admin posted a press release President's Letter to Shareholders in BRIXTON METALS CORPORATION


VANCOUVER, British Columbia, Jan. 08, 2020 (GLOBE NEWSWIRE) --

Dear Shareholders and Investors,


The past year was an exciting time for Brixton Metals, where we drilled 9,642m between the Thorn and Atlin Projects and raised more than $10M in what remains a challenging market for junior exploration companies. We thank you for your support and sustained optimism as we continue to unlock the mountain of value and generate new discoveries on our wholly owned projects.


Our priority is creating shareholder value, which is steeped in acquiring gold, silver and copper assets at a reasonably low cost. Through a systematic exploration process, we intend to unlock value as we advance them to feasibility.


Highlights from 2019


The Thorn Project located in the northern tip of BC’s Golden Triangle received most of our attention during the work season, where efforts were made to locate one or more of the porphyry centers. Drill hole THN19-150 was drilled to 829m in depth, which returned 554.70m of 1.97 g/t AuEq (0.57 g/t Au, 0.24% Cu, 43.18 g/t Ag, 0.55% Zn, 0.28% Pb), including 135.96m of 5.00 g/t AuEq (1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag, 1.61% Zn, 0.89% Pb). See Brixton Metal’s Press Release, dated July 15, 2019 for complete results. Hole 150 ranks amongst the best drill intercepts globally of 2019. The Thorn Project mineral claim package was increased to 2,300 square kilometers.


A new camp was established at Brixton Metals’ Atlin Goldfields Project followed by prospecting, soil-geochemical, magnetic geophysical surveys and drilling. This work identified a new area of interest with a 45 g/t Au rock grab sample(1) from Union Mountain and drilling at the LD Zone returned 2m of 8.5 g/t Au. See Brixton Metals’ Press Release, dated September 16, 2019 for complete results. 


2020 Outlook


We envision a three-pronged approach to unlocking value for shareholders during 2020. We plan to continue exploration activities with our current treasury of $5.5M, seek M&A opportunities, and secure JV partnerships with senior companies.



  1. At the Thorn Project we plan to complete the following: the deep seeing IP-MT geophysical survey (9 line-kilometers over the Camp Creek Copper Corridor); conduct a broad scale soil geochemical survey over the southern portion of the property, where a large area of high porphyry copper indicators were identified; conduct a detailed soil geochemical survey at the Outlaw west area, where 39 g/t Au and 12 g/t Au was returned from rock grab samples in 2018(1); complete selective drilling based on the results of the above. The Camp Creek blind porphyry target remains a priority with its multi-kilometer scale potential. 
     

  2. The most advanced project held by Brixton Metals is the Hog Heaven Project located in NW Montana, USA. A feasibility study was completed in 1988 on 722 drill holes over 57,498m(2). Hole AFR-79-5 returned 12.19m of 5.97 g/t Au, 1,088.36 g/t Ag, 6.58% Cu and hole AFR-81-38A returned 67.06m of 2.65 g/t Au, 339.93 g/t Ag(3). We plan to follow up these intercepts with drilling, in addition to drill testing newly identified targets. Further metallurgical work is planned as we move toward an updated NI-43-101 resource and revised PEA.
     

  3. At the Atlin Goldfields Project we plan to conduct a property wide soil geochemical survey and prospecting program to generate new drill targets. Brixton Metals has amended and concluded the 2017 Option Agreement on the Eagle claims of 1,214 hectares. The final consideration to the vendor is the issuance of 165,000 common shares of Brixton Metals.


2020 marks Brixton Metals’ 10 year anniversary of its TSX Venture Exchange listing. A heartfelt “thank you” to the people who have contributed to our success. We look forward to generating exciting new results from our high impact exploration projects this year.


We will be exhibiting at the Vancouver Resource Investment Conference on January 19 & 20 and will be presenting at 11:20 a.m. on January 20th. More information can be found by clicking this link.


Please feel free to reach out to us or visit us at the conference booth.


Thank you


Sincerely,


Gary R. Thompson, P.Geo
President, CEO, Chairman, Director, Founder
gary.thompson@brixtonmetals.com
604-630-9707


Mr. Sorin Posescu, P.Geo, Vice President Exploration for Brixton Metals and a Qualified Person as defined under National Instrument 43-101 standards has reviewed and approved the technical information in this news release.


All reported drill assays are uncut weighted averages and represent drilled core lengths. The true width of reported mineralization is unknown at this time. Gold Equivalent values (AuEq) were calculated using the formula AuEq = ($1,250.00 x Au g/t ÷ 31.10 + $15.40 x Ag g/t ÷ 31.10 + $2.80 x % Cu ÷ 100 x 2204.63 + $0.90 x % Pb ÷ 100 x 2204.63 + $1.25 x % Zn ÷ 100 x 2204.63) ÷ $1,250 x 31.10. This method assumes full metal recoveries as metallurgical work has not been conducted.


Note (1): This is a select sample and is not representative of the mineralization hosted on the property.


Note (2): The feasibility study was completed prior to implementation of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and based on diamond drilling. While Brixton considers the study to be relevant to investors as it may indicate the presence of mineralization, a QP for Brixton has not done sufficient work to classify the historical estimates as current mineral resources as defined by NI 43-101 and Brixton is not treating these historical estimates as a current mineral resource.


Note (3): The Qualified Person (“QP”) for Brixton cannot verify the drill results reported in the table above. The precise location of the drill cores from the program is presently unknown and they have not been inspected by the QP, and therefore Brixton has not undertaken any re-logging, resampling or check assays; however, Brixton has no reason to doubt the results and considers the results relevant and suitable for disclosure. Data from the above drill results are historical results and it is unknown what type of quality-control programs were performed at the time. The QP also advises that true width of the above results cannot be determined at this time.


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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8020 Admin

20 days ago

8020 Admin posted a press release Brixton Metals Discovers Porphyry Style Mineralization at the Camp Creek Copper Corridor and Drills 230.82m of 0.27% CuEq at its Thorn Project in BRIXTON METALS CORPORATION

VANCOUVER, British Columbia, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce final analytical results from its 2019 phase two exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia. The analytical results reported below are from a total of ten core holes, which is the balance of the 2019 program. Six core holes were drilled at the Chivas Porphyry target, two core holes were drilled at the Camp Creek Copper Corridor Porphyry target, one core hole was drilled at the Talisker Zone and one core hole at the Outlaw Zone, a sediment hosted gold target.


2019 Highlights:



  • 2019 drilling further supports a district-scale opportunity at the Thorn Project, showing metal zoning similar in scale and arrangement with large porphyry Cu(Au-Mo) systems worldwide


  • Intersections of porphyry-style Cu-Au-Mo mineralization in multiple 2019 drill holes in the Camp Creek Corridor:

    • THN19-150 (Oban):  554.70 m at 1.97 g/t AuEq (97.00-651.70 m)

    • THN19-151 (Oban):  256.87 m at 2.31 g/t AuEq (100.18-357.05 m)

    • THN19-162 (Glenfiddich):  230.82 m at 0.27% CuEq (323.00-553.82 m)





  • Drill hole THN19-162 intersected Cu-Au-Ag-Mo mineralization as follows:





    • 230.82m of 0.16% Cu, 0.08 g/t Au, 0.011% Mo and 1.90 g/t Ag or 0.27% CuEq from 323.00m depth with increasing Cu and Mo grades at depth


    • Including 91.00m of 0.21% Cu, 0.09 g/t Au, 0.015% Mo and 2.43 g/t Ag or 0.35% CuEq from 425.00m depth 


    • Including 59.25m of 0.22% Cu, 0.11 g/t Au, 0.015% Mo and 2.59 g/t Ag or 0.38% CuEq from 456.75m depth





  • Further drilling at the Outlaw Zone confirms broad intervals of gold mineralization:

    • Drill hole THN19-160 intersected 32.05m of 0.50 g/t Au from 23.95m depth including 2.00m of 5.01 g/t Au from 54.00m depth

    • Drill hole THN19-159 intersected 37.78m of 1.23 g/t Au from 95.00m depth including 12.00m of 3.46 g/t Au (gold assays adjusted after screen metallic analysis)




Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “The 2019 exploration season for Brixton was an exciting one, which started with one of the deepest and best core holes ever on the Thorn Project resulting in more than a half kilometre of mineralization. Drill hole 150, which was drilled at the Oban diatreme, included 135.96m of 5 g/t AuEq. Drill hole 162 was collared 1 kilometre west of hole 150 and is the first porphyry style mineralization that has been drilled in the Camp Creek area. We are encouraged that the grades in hole 162 are increasing with depth and ended in mineralization. The Camp Creek Copper Corridor has all the porphyry hallmark indicators of a large mineralized system. The Camp Creek target is a buried porphyry target that will take more work including geology, geophysics, geochemistry and deep drilling to locate the center of the system.” See Figure 11 which shows the current work area in relation to the size of the claim block. 


Mr. Thompson continued, “Following the recent financings, Brixton expects to finish the year with about C$5.6 million and is well positioned to continue advancing Thorn along with its other projects for the benefit of our shareholders. We are still reviewing the data from the 2019 work programs at all of our projects and plan to release our 2020 exploration plans early next year.”


Thorn Project Porphyry Target Highlights:



  • Multiple phases of texturally and chemically Cu-fertile porphyry phases are present. Textural favourability is indicated by 'crowded' plagioclase and hornblende phenocrysts and thick biotite books; chemical fertility by high Sr/Y ratios, a recognized signal of porphyry Cu-related intrusions worldwide.
     

  • High-grade veins containing enargite and/or other sulphosalts are common in parts of the Camp Creek Corridor like drill hole THN13-121, which returned 1.1 m true thickness of 10.62% Cu, 583 g/t Ag and 2.55 g/t Au from 74.4m depth. Vein grab samples from Camp Creek have returned up to 66 g/t Au, 32.8% Cu and 2,900 g/t Ag; however, these grab samples are not representative throughout the property, but similar veins closely overlie porphyry Cu shells at other deposits.
     

  • Fragments containing chalcopyrite-and/or molybdenite-mineralized porphyry-style veins are present in the Oban breccia.  They were likely derived from porphyry mineralization at depth and transported upward by the explosive brecciation process (Sillitoe, 1985).


Click here for Figure 1. Drill Location Plan Map


Camp Creek Copper Corridor Drilling Summary  


The 2019 phase two program objective was to conduct a deep seeing to about one kilometre depth DCIP-MT geophysical survey across the Camp Creek trend to identify drill targets. Unfortunately, due to a late start of the survey and the early onset of winter conditions, less than half of the proposed survey lines were completed (9km of the 20km). Drilling at Camp Creek Target consisted of a total 1,308m within three holes with the objective to test for porphyry related mineralization. Drill hole 162 was located about 1 kilometre west from hole 150. Hole 162 was successful in intersecting porphyry style copper-gold-molybdenum-silver mineralization over significant widths. Mineralization is hosted in a diorite porphyry Thorn stock and consists generally in disseminated sulphides. Drill hole 162 was drilled below the high sulphidation part of the system that was intersected by previous drilling at the Glenfiddich Zone where THN13-121 returned 1.1 m true thickness of 10.62% Cu, 583 g/t Ag and 2.55 g/t Au from 74.4m depth.


Click here for Figure 2. HQ Core THN19-162 From 410.70m depth


Click here for Figure 3. THN19-162 Chalcopyrite/Pyrite Mineralization at 480m Depth


Click here for Figure 4. HQ Core THN19-162, From 406.95m to 416.66m Depth


The most significant porphyry related mineralization interval in drill hole 162 occurs from 323.00m to 553.82m where analytical results returned 230.82m of 0.16% Cu, 0.08 g/t Au, 0.011% Mo and 1.90 g/t Ag or 0.27% CuEq. Importantly, it appears that porphyry style Cu-Mo mineralization increases with depth (see Figure 6. Hole 162 Graphic Log).


Table 1a. Composite Assays for THN19-162


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=BBB%3ACA&qmodStoryID=5113614806670058 

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8020 Admin

26 days ago

8020 Admin posted a press release Brixton Metals Announces Closing of Second Tranche of Private Placement in BRIXTON METALS CORPORATION


Not for distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce the closing of the second tranche of its previously announced private placement on November 6, 2019 of common shares and flow-through common shares of the Company for gross proceeds of $512,324.00 (the "Private Placement") through the issuance of 1,926,350 flow-through shares (“FT Shares”) of the Company at $0.24 per flow-through share and 250,000 common shares (“Common Shares”) of the Company at $0.20 per common share (collectively, the “Securities”) to investors in Canada (the “Investors”), conditionally approved by TSX Venture Exchange (“TSX-V”).


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “With this additional financing complete, the Company is in a strong position moving into 2020 with approximately $5.6M of working capital, allowing us to advance select high-impact exploration projects. The company will continue its focus of unlocking shareholder value.”


Red Cloud Securities, Canaccord Genuity Corp., PI Financial Corp., and Eight Capital acted as finders (the “Finders”) in connection with the Private Placement. The Company paid the Finders a fee of 7% in cash and 7% in warrants (“Finder’s Warrant”). Each Finder’s Warrant entitles the Finder to acquire once Common Share at an exercise price of $0.24 for a period of 24 months from Closing (“Finder Warrant Expiry Date”).


The proceeds from the Private Placement will be used for exploration activities on the Company’s projects in Canada. The Securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day expiring from the closing date of the Private Placement.


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


About Brixton Metals Corporation


Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields Projects located in NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com


For Investor Relations please contact Mitchell Smith
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com


Cautionary Note


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 and proposed exploration programs. 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 statement.


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8020 Admin

1 month ago

8020 Admin posted a press release Brixton Metals Announces Closing of $1.7M Private Placement in BRIXTON METALS CORPORATION


Not for distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, Nov. 28, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce the closing of its previously announced private placement on November 6, 2019 of common shares and flow-through common shares of the Company for gross proceeds of $1,697,079.92 (the "Private Placement") through the issuance of 6,987,833 flow-through shares (“FT Shares”) of the Company at $0.24 per flow-through share and 100,000 common shares (“Common Shares”) of the Company at $0.20 per common share (collectively, the “Securities”) to investors in Canada (the “Investors”), conditionally approved by TSX Venture Exchange (“TSX-V”).


As consideration for the services provided to the Company by certain finders (a “Finder”) in connection with the Private Placement, the Company shall pay a finders’ fee of 7.0% of the gross proceeds received from the sale of the Securities in the Private Placement payable in cash and common share purchase warrants (“Finder’s Warrants”) equal in number to 7.0% of the number of Securities sold to persons introduced to the Company by the Finders, with each Finder Warrant entitling the Finder to acquire a common share (a “Finder’s Warrant Share”) for a period of 24 months from Closing (“Finder Warrant Expiry Date”), at a price of $0.24 per Finder Warrant Share. The total finders fees in aggregate are $117,115.59 and a total of 489,147 Finder’s Warrants. Finders in connection with the Private Placement  included Red Cloud Securities, Mine Equities Ltd., Leede Jones Gable Inc., Canaccord Genuity Corp., EMD Financial Inc., and Accilent Capital Management Inc.


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “With this additional financing complete the Company will be in a strong position moving into 2020, allowing us to advance select high-impact projects.”


The proceeds from the Private Placement will be used for exploration activities on the Company’s projects in Canada. The Securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day expiring from the closing date of the Private Placement. The Company may close additional tranches of FT Shares if market interest and demand materializes.


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields Projects located in NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com


For Investor Relations please contact Mitchell Smith
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com


Cautionary Note


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 and proposed exploration programs. 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 statement.



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8020 Admin

2 months ago

8020 Admin posted a press release Brixton Metals Drills 37.78m of 1.17 g/t Au at the Outlaw Zone, Including 12.00m of 3.28 g/t Au and 3.00m of 9.06 g/t Au at its Thorn Project in BRIXTON METALS CORPORATION

VANCOUVER, British Columbia, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce additional analytical results from its 2019 phase two exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia. As part its 2019 Thorn program of 8,042m drilled, the Company drilled two holes at the Outlaw Zone for a total of 689m in holes THN19-159 and THN19-160. The analytical results reported below are from drill hole 159. The analytical results for drill hole 160 are pending. The Outlaw Zone is a large-scale intrusion-related sediment-hosted gold-silver target.


Highlights From the Outlaw Gold Zone



  • Drill hole THN19-159 intersected gold mineralization as follows:

    • 37.78m of 1.17 g/t Au from 95.00m depth

    • Including 12.00m of 3.28 g/t Au from 118.00m depth

    • Including 3.00m of 9.06 g/t Au from 125.00m depth

    • Including 1.00m of 22.00g/t Au                      


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “The scale of the mineralized system at Thorn is impressive with two porphyry targets and a large-scale intrusion-related sediment-hosted gold-silver target already identified on this nearly 2,000 SQKM project. The consistent nature of the gold mineralization at the Outlaw Gold Zone is very encouraging. Based on geology, gold-in-soil and rock geochemistry and limited drilling, the Outlaw Gold Zone has a strike of 4.3km and a width of 1.5km.” 


Mr. Thompson further stated, “The remaining drill results from the 2019 season shall be released as assays become available. All six drill holes from Chivas, our second porphyry target at Thorn, along with three drill holes from the Camp Creek porphyry target and the second hole drilled at Outlaw are still pending.”


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8020 Admin

2 months ago

8020 Admin posted a press release Brixton Metals Announces Private Placement of up to $3,000,000 in BRIXTON METALS CORPORATION


VANCOUVER, British Columbia, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF)  (the “Company” or “Brixton”) announces a non-brokered private placement financing of up to $3,000,000 (the “Private Placement”) through the issuance of any combination of common shares of the Company (“Shares”), flow-through shares of the Company (the “FT Shares”) and charitable flow-through shares of the Company (the “Charitable-FT Shares”). The Shares will be priced at $0.20 per Share and the FT Shares will be priced at $0.24 per FT Share. The Charitable FT Shares are priced at $0.29 per Charitable FT Share.


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “We are pleased with the exploration results from the 2019 season, from which some results are still pending. While we anticipate ending 2019 with more than $3 million in cash, this financing will allow us to effectively plan for our 2020 exploration programs. These funds will give us the potential to materially advance select wholly owned projects providing the best position from which to create shareholder value”.


All securities issued pursuant to this Private Placement will be subject to a four month and one day hold period. The Private Placement is subject to acceptance by the TSX Venture Exchange (the “Exchange”).


The closing date for the Private Placement is scheduled to occur on or before November 27, 2019. The Company may pay a finders’ fee in respect of certain subscribers in accordance with the policies of the TSX Venture Exchange.


The Company may issue securities under the Private Placement in accordance with the provisions of applicable prospectus exemptions available to existing security holders, if there is interest. Any existing shareholders of the Company interested in participating in the Private Placement should contact the Company using the contact information below. The Private Placement is not subject to a minimum and the Company will provide an update on its intended use of proceeds, including approximate amounts, once subscriptions are confirmed.


The use of proceeds shall be for exploration expenditures on Brixton’s wholly owned exploration projects and for general working capital.


About Brixton Metals Corporation


Brixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn gold-silver and the Atlin gold projects located in NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. The Company is actively seeking JV partners to advance one or more of its projects. 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 Metals please visit our website at www.brixtonmetals.com.


On Behalf of the Board of Directors


Mr. Gary R. Thompson, Chairman and CEO
Tel: 604-630-9707 or email: info@brixtonmetals.com


For Investor Relations, please contact Mitchell Smith
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com


NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES


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, TSXV final approval, and the exploration potential of the Hog Heaven project based on historical drill results and forward looking statements. 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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8020 Admin

2 months ago

8020 Admin posted a press release Brixton Metals Drills 2.3 g/t AuEq over 257m, Including 10m of 13.5 AuEq (4.6 g/t Au, 248 g/t Ag, 0.4% Cu, 8% Zn+Pb) at its Thorn Project in BRIXTON METALS CORPORATION

VANCOUVER, British Columbia, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce initial and preliminary results from its phase two exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia.  Brixton completed 3 lines for a total of 9.1 line km of Titan24 DCIP-MT (induced polarization-magnetotelluric) geophysical survey across the Camp Creek Copper Corridor. The 2019 phase two drilling consisted of a total of 7,213m within 13 holes. The depths of the holes varied from 308m to 862m. Two core holes were drilled at the Outlaw sediment hosted gold-silver zone (assays pending), six core holes were drilled at the Chivas Porphyry target, four holes were drilled at the Camp Creek Copper Corridor target (Oban diatreme breccia pipe and Glenfiddich Zone - two holes have assays pending and holes 151 and 153 are released herewith) and one hole at the Talisker Zone. The combined phase one and phase two drilling at the Thorn Project for 2019 is 8,042m.


Highlights and Key Findings



  • Drilling of hole 151 and 153 was from drill pad 150 which has extended the Oban Zone polymetallic mineralization:

    °  THN19-151 returned 256.87m of 0.61 g/t Au, 50.18 g/t Ag, 1.20% Zn, 0.41% Pb or 2.31 g/t AuEq over 256.87m

    °  
    Including 24.40m of 2.42 g/t Au, 128.22 g/t Ag, 3.05% Zn, 1.02% Pb or 6.91 g/t AuEq over 24.40m

    °  
    Including 10.00m of 4.60 g/t Au  248.12 g/t Ag, 0.42% Cu 6.11% Zn, 1.99% Pb or 13.47 g/t AuEq over 10.00m

    °  
    THN19-153 returned 87.27m of 0.19 g/t Au, 79.43 g/t Ag, 0.49% Zn, 0.26% Pb or 1.65 g/t AuEq over 87.27m.
     

  • The geophysical survey produced a chargeability high anomaly at the Oban Zone, which appears to form a northeast trend for 600m and remains open ended (see Figure 5 and Link to the preliminary 2D inversion results report below).
     

  • New and very large porphyry target areas were generated through the re-analysis of regional stream sediment geochemical data by the BC Geological Survey, resulting in new mineral claims being staked by Brixton (see Figures 6 and 7).


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “Brixton continues to unlock a mountain of value at the wholly owned Thorn Project in the prolific Golden Triangle of BC. The Camp Creek geophysical anomaly suggests that we have a large untested target to the northeast from the Oban Zone. Further geophysical survey lines are planned for next season to map the extent of the anomaly.”


Table 1. Composite Assays for THN19-151


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=BBB%3ACA&qmodStoryID=4593139702719048 

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