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Corporate Presentation September 2017
BXTMF : OTCMKTS
Advancing High Potential Gold & Silver Projects
BBB : TSX VENTURE 8BX1 : GR BXTMF :OTCMKTS OTCMKTS
Advancing High Potential Gold & Silver Projects BBB : TSX - - PowerPoint PPT Presentation
Corporate Presentation September 2017 Advancing High Potential Gold & Silver Projects BBB : TSX VENTURE 8BX1 : GR BXTMF :OTCMKTS 1 OTCMKTS BXTMF : OTCMKTS SAFE HARBOUR STATEMENT Information set
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Corporate Presentation September 2017
BXTMF : OTCMKTS
Advancing High Potential Gold & Silver Projects
BBB : TSX VENTURE 8BX1 : GR BXTMF :OTCMKTS OTCMKTS
Information set forth in this presentation involves forward-looking statements, including but not limited to comments regarding timeline, predictions and projections. Forward-looking statements are statements that relate to future, not past,
event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. 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 on the Company’s website or other reports and filings with the TSX Venture Exchange 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
change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking state. The historical estimates contained in this presentation have not been verified as current mineral resources. In general, Brixton Metals believes that the historical estimates are a reasonable estimate based on data available at the time and that there is potential to expand this historical estimate to a significant drill discovery through an initial round of exploration drilling and by closer-spaced infill drilling to standards suitable for formal resource estimation. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Brixton Metals is not treating the historical estimate as current mineral resources or mineral reserves. No assurances can be made that exploration targets will be developed into resources or reserves. The exploration targets are conceptual in nature and relies on projections of mineralization that are beyond the standard CIM classification of mineral resources and should not be relied on as mineral resource estimates
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Brixton’s high-potential gold-silver projects provide investors with a compelling risk-reward
Thorn: Exploration project with the potential to yield a major discovery. 2 Large scale gold targets (Outlaw & Chivas) for 2017 drilling. Oban, Talisker, Glenfiddich zones for 21.5 Moz AgEq (new porphyry targets remain to be drilled tested). Cobalt Camp: Brownfield silver-cobalt assets in a high-grade mining camp. Langis: 10.4 Moz at 25 opt Ag Past Production plus 358,340 lbs of cobalt. HudBay: 6.4 Moz at 123 opt Ag, Past Production plus 185,570 lbs of cobalt. Hog Heaven: Past Producer of Silver-Gold in Montana, USA. 10.3 Mt at 142 g/t Ag, 0.68 g/t Au. (1) non-compliant NI-43-101 Historical inferred est. 47.3 Moz Ag and 0.23 Moz Au.(1) Atlin: BC’s record for the largest gold nugget 85 oz (2500sqkm placer camp where the source remains undiscovered) Historical mini-bulk sample 330 g/t Au, 1,615 g/t Au (grab) and (3m of 9.39 g/t Au drill core)
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Acquire gold & silver assets in safe jurisdictions at reasonably low costs. Generate shareholder value by unlocking the potential through drilling. Focus on geology with district scale potential for high-grade Au-Ag, as underground (> 5 g/t AuEq) and open pit deposits (>2 g/t AuEq). Strive for new discoveries and advance the projects to feasibility through systematic exploration. Form partnerships with senior companies for mine development.
GARY THOMPSON P.GEO., CHAIRMAN & CEO
geothermal energy and oil & gas
Newmont Mining and Encana Corporation
CALE MOODIE BSF, CPA, CA, CFO & DIRECTOR
sold to Kinross
SORIN POSESCU P. Geo., VP EXPLORATION
several discovery credits
and Sierra Geothermal Power
years) IAN BALL B.Com, DIRECTOR
mine and making the El Gallo 2 discovery CARL HERING, PhD., DIRECTOR
Placer Dome in the Western USA, Mexico, Central America, Austral-Asia, Asia Pacific
and acquisition opportunities
gold resource (acquired by Osisko Mining in 2010) DANETTE SCHWAB, P.Geo., SENIOR GEOLOGIST
and Fronteer Gold (acquired by Newmont for $2.3B)
Riverside
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A discovery driven team with a proven track record of building companies
As at Sept 1, 2017
TSX Venture Exchange: BBB share price $0.41 Shares Outstanding 46,498,091 Options 4,135,000 Warrants 19,610,675 Fully Diluted 70,244,041 Market Capitalization $19 Million Cash $1.7 Million Debt none
Management 10% Rob McEwen 8% Pan American Silver 6% US Global 5% Hecla Mining 5% Eric Sprott 4% RBIM 4% Retail 58% BBB Ownership
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5 year stock chart
1 year stock chart
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Hog Heaven Ag-Au
Montanore Mines Management
Montana Tunnels
USA
8 The Hog Heaven property is located in north-western Montana, USA and is wholly owned by Brixton subject to a 3% NSR to the vendors. Hog Heaven is a high-sulphidation silver-gold epithermal vein-breccia deposit with porphyry Cu-Au potential. Both high-grade underground and open pit targets exists. Hog Heaven A Feasibility Study was completed in 1988 by American Mining Services (pre-dating Ni-43-101) using a silver price of US$6.50/oz and a gold price of US$400/oz. 6.4Moz Ag at 26.6 oz/t Ag were mined and directly shipped to a smelter (1929-’46).
Hog Heaven Historical (Non‐compliant‐Ni‐43‐101)
(1) Based on a historical estimate for Hog Heaven prepared by Gregory Hahn, Chief Geological Engineer for CoCa Mines Inc., a previous owner of the property, in a report titled "Hog Heaven Project Optimization Study" dated May 1989, prior to implementation of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) (as disclosed in a prior owner’s resource statement [see Brixton’s news release dated June 22, 2017]) and based on diamond drilling. While Brixton considers these historical estimates 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.
Historic (1)
Tonnes mm Ag (g/t) Au (g/t) Moz Ag Moz Au 10.3 142 0.68 47.3 0.23
USA
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The first priority is to compile and digitize the historical data into 3D zone models. Develop an exploration plan to expand the known mineralized trends which would likely include geophysical and geological surveys. Conduct confirmation and expansion drilling to upgrade the historical resource to a NI-43-101 compliant resource estimate. Having the objective of increasing the resource size/grade then complete a PEA.
Hog Heaven Drill Core Over 400 holes have been drilled
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A drone photo of the Thorn Camp & Airstrip 2017 The Thorn Project is A District Scale Au-Ag and Base Metals Opportunity
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Wholly owned 1,114 km2 claim block Accessed via one hour fixed-wing flight from Whitehorse, YK (10km x 30km gold trend) Diatreme breccia & high-sulphidation veins 21.5 Moz AgEq Inferred (open for expansion) (7.4 Mt at 89.75 g/t AgEq)2* Epithermal & sediment hosted Au-Ag Porphyry Cu-Au-Mo potential Underground and open pit targets New Discovery at the Chivas zone in 2017 Signed Exploration Agreement with the Taku River Tlingit First Nations 2013
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well prepared rocks and multiple mineralizing events over a long time period
2km
high-sulphidation breccia-vein high-sulphidation breccia-vein Diatreme breccia Ag-Au-Cu-Pb-Zn
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Large scale gold targets
CHIVAS ZONE
Porphyry Au-Ag-Cu-Mo 3.5 km x 2 km open anomaly IP chargeability high Rocks to 6.5 g/t Au, 2,440 g/t Ag, 1.14% Cu Soil-fines to 16.7 g/t Au
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16.7 g/t Au, 6.39 g/t Au,
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Drilling discovers Au-Ag mineralization over a large area and remains wide open Mineralization / alteration style appears porphyry related (Au-Ag-Cu-Mo) Hole 142 intersected 6.45m of 4.86 g/t AuEq within 18m 1.83 g/t AuEq Hole 143 intersected 8m of 4.01 g/t AuEq within 11m of 2.96 g/t AuEq Hole 144 intersected 17.26m of 2.62 g/t AuEq within 52.00m of 0.87 g/t AuEq Surface mapping identifies a new open ended copper corridor which is yet to be drill tested and holes have increasing copper grades with depth
Hole ID From To Interval Gold Silver Copper Lead Zinc AuEq (metre) (metre) (metre) g/t g/t % % % g/t
THN17-140 156.00 163.00 7.00 0.91 6.44 1.01 including 162.00 163.00 1.00 4.21 32.90 4.68 THN17-141 193.00 201.00 8.00 0.90 2.28 0.93 THN17-142 40.00 61.00 21.00 0.46 39.74 1.03 including 161.00 179.00 18.00 0.99 19.46 0.18 0.66 1.83 THN17-142 161.00 167.45 6.45 2.63 45.15 0.18 0.42 1.50 4.86 THN17-143 59.00 70.00 11.00 0.54 147.78 0.25 0.27 2.96 including 59.00 67.00 8.00 0.71 202.49 0.34 0.35 4.01 THN17-144 112.00 164.00 52.00 0.31 39.56 0.87 including 133.62 150.88 17.26 0.61 110.27 0.36 0.36 2.62 THN17-145 118.00 127.80 9.80 0.79 9.90 0.93 including 121.85 123.00 1.15 5.15 7.30 5.25 THN17-146 THN17-147 23.00 41.97 18.97 0.49 0.94 0.51 including 37.00 38.00 1.00 5.08 1.60 5.10 THN17-147 182.85 200.00 17.15 0.42 3.88 0.48 THN17-148 THN17-149 185.00 224.00 39.00 0.89 0.11 no significant results no significant results
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2,455m (10 holes) at the Chivas Zone were drilled within an area of 800m by 800m Mapping identifies a new open ended copper corridor which is yet to be drill tested and several holes have increasing copper grades with depth
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59m of 1.15 g/t Au
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THN12‐85 30m 1.18% Cu from 264m THN13‐119 ended 383m in 7.13m of 0.53% Cu Oban Diatreme Breccia Increasing copper at depth suggests porphyry Cu-Au-Ag target
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Glenfiddich Zone THN13-121 3.5m of 441 g/t AgEq 143 g/t Ag, 0.38% Cu, 4.5 g/t Au within 16m of 174 g/t AgEq Mineralization: Vuggy-quartz-pyrite-tetrahedrite-enargite breccia Alteration: silica-pyrophyllite-sericite, minor calcite-ankerite-chlorite
High Sulphidation Quartz-Sulphide Breccia THORN’S GLENFIDDICH ZONE
16m of 173.70 g/t AgEq 49m of 125.15 g/t AgEq
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95m of 904 g/t AgEq
high-sulphidation breccia-vein high-sulphidation breccia-vein
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Property wide alteration study to assist in target vectors. Broad spaced drilling to test the extent of gold mineralization at the Outlaw sediment hosted gold zone and confirm that multiple horizons exist. Drill follow up at holes at the Chivas zone both the gold-silver target and deeper holes to test the porphyry Cu-Au-Ag-Mo target. Deep drilling (800m holes) at the Oban zone to test the porphyry Cu-Ag- Au target at depth. Additional drilling at the Talisker and Glenfiddich zones to test for the extent of mineralization along strike and at depth. An IP survey east of the Talisker zone to test for a suspected second diatreme undercover. Follow up a new area with 4% Cu and 0.8 g/t Au 2.7km south from Chivas.
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Cobalt Camp
The Camp Historically has produced over 500 Moz of Silver and 50 Mlbs of Cobalt Past production: 6.4 Moz Ag at 123 opt Ag
Northeast Ontario, Canada
Past production: 10.4 Moz Ag at 25 opt Ag
LANGIS MINE HUDSON BAY MINE
Two past producing, high-grade silver mines in the Cobalt Camp, Ontario. A brownfields exploration and development opportunity for silver-cobalt. LANGIS MINE past production (1908-1989) of 10.4 Moz Ag at 25 opt and 358,340 lbs of cobalt. (Closed in 1990 due to a silver price drop to $5/oz.) HUDSON BAY MINE past production (1905-1953) of 6.4 Moz Ag at 123 opt and 185,570 lbs cobalt from 52,032 tons. Silver recoveries ranged from 88% to 98%. (Assays up to 18% Ag and 16% Co) Excellent local infrastructure: year round road access, power and railway. Brixton signed an Exploration Agreement with the Timiskaming First Nations in 2016. 26
2016 Drilling: 3.13m of 1,944 g/t Ag and 4.15m of 4.9 g/t Au, 397 g/t Ag
1km Scale
Nippising Diabase Sill Syenite Huronian Seds
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High‐grade silver intersections have been recovered from diabase- metaseds-volcanic rock types. Silver bearing veins are moderate-steeply- dipping and are categorized as single- vein or multiple-vein type structures. Shaft#7 dump sample: 182,065 g/t (18%) Ag (5,853 oz/t Ag) And 16% Cobalt
Geological Model
After Potter and Taylor 2010
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Drill test the many existing Ag-Co targets at the LANGIS mine, including both brownfield and greenfield targets. Langis is drill-ready and permitted. Pending receipt of drill permits for Hudson Bay mine, drill test shallow high-grade Ag-Co targets as brownfields. Past production at Hudson Bay only mined to a depth of 60 metres. Advance to resource definition.
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Historical work on the LD claims includes 330 g/t Au (mini-bulk sample), 1,615 g/t Au (rock grab) and 3m of 9.39 g/t Au (drill core). Brixton’s land package in the Atlin gold camp offers large target areas for exploration in search
California style mother-lode gold deposits.
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History The Atlin gold camp is the second largest placer gold producer in British Columbia on record (Ash, 2001) with a reported placer gold production of
(Spruce Creek) holds the provincial record for the largest nugget, weighing 2.6 kilograms (85 ounces). Historically, the primary exploration targets for lode gold have been quartz- carbonate-mariposite-altered (“listwanite”) ultramafic and mafic bedrocks. New Quartz +/- carbonate gold-bearing veins and vein networks that are structurally controlled and concentrated along shear zones, faults and deformed lithological contacts have been identified. British Columbia Geological Survey has recently released a paper (BCGS Paper 2017-1, p.179-193) in which the Government geologists recognize that at least some of the placer gold may be related to the Surprise Lake batholith. While gold was recovered from placer mining very limited exploration has been conducted in locating the hard rock source of the Atlin gold.
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High potential projects provides investors with a compelling risk-reward
A discovery driven, well seasoned and efficient management team. 46M shares outstanding with strong shareholders like McEwen, US Global, Sprott, Hecla Mining, Pan American Silver and Management. Planned 2017 drilling for high-grade silver in the Cobalt-Silver Camp. New Discovery at the Chivas Zone in 2017 with potential to be defined. Targeting new resource estimates for the projects.
BBB:TSXV
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Au ppb Ag ppm Te ppm Cu ppm
Ag-ppm
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70 127 30 15 7 3.5 1
Te-ppm
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10 450 5 2.5 1 0.5
Cu-ppm
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1000 5750 600 300 150 75 50 16,700
Au-ppb
1 Km N
Soil Geochemical Results 2016
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Inferred Mineral Resource Statement, Thorn Project, British Columbia, SRK Consulting (Canada) Inc., October 28, 2014.
In‐Situ Grade Contained Metal
Deposit Tonnage x 1000 Grade AgEq (g/t) Grade Ag (g/t) Grade Au (g/t) Grade Cu (%) Grade Pb (%) Grade Zn (%) Metal AgEq Oz Metal Ag Oz x 1000 Metal Au Oz x 1000 Metal Cu Lbs x 1000 Metal Pb Lbs x 1000 Metal Zn Lbs x 1000 x 1000 Oban In‐Pit 3700 105.07 50.82 0.4 ‐ 0.31 0.58 12500 6000 50 NA 25200 47500 Undergroun d 500 113.84 50.51 0.46 ‐ 0.37 0.67 1900 800 10 NA 4100 7600 Glenfiddich In‐Pit 1100 57.78 16.01 0.48 0.13 ‐ ‐ 2100 600 20 3200 ‐ ‐ Talisker In‐Pit 2100 73.77 15.29 0.75 0.13 ‐ ‐ 5000 1000 50 6100 ‐ ‐ Total 7400 89.75 35.54 0.51 0.13 0.32 0.59 21,500 8,400 130 9,300 29,300 55,100
for an underground portion of the Oban deposit. The Whittle shells were designed based on a slope angle of 55 degrees and 90% recovery for all metals. The block models are 10 x 10 x 10 m, 5 x 10 x 5 m, and 5 x 10 x 5 m for Oban, Glenfiddich, and Talisker,
90%. Copper is not included in the Oban estimates. Lead and zinc are not included in the Glenfiddich and Talisker estimates.
All zones remain open for expansion and upgrade through further drilling
2*
95.08 m of 628 g/t Ag, 1.71 g/t Au Including 9 m of 2984 g/t Ag, 3 g/t Au 123 m of 190.68 g/t Ag 1.19 g/t Au 3.25% Zn 1.74% Pb Within 310 m of 223.51 AgEq Hole 119 ended in 121 AgEq at 383 m (off section)
OBAN Zone Diatreme Breccia
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2011/12 DRILL HIGHLIGHTS OBAN ZONE
Hole ID From To Interval Gold Silver Copper Lead Zinc AuEq AgEq Grade X Width metre metre metre g/t g/t % % % g/t g/t g/t/m THN11‐60 6.00 101.08 95.08 1.71 628.00 0.12 3.31 2.39 16.15 904.00 85,952 including 55.45 64.70 9.25 3.04 2984.00 0.53 11.65 3.42 65.52 3646.00 33,726 including 49.44 75.00 25.56 2.28 1300.00 0.22 5.34 2.51 30.12 1670.52 42,698 THN11‐60 101.08 243.00 141.92 0.16 53.00 ‐ 0.20 0.47 1.45 80.61 11,440 THN12‐84 26.00 336.00 310.00 0.71 105.82 0.03 0.90 1.76 4.02 222.92 69,105 including 26.00 227.00 201.00 0.95 145.03 0.05 1.26 2.35 5.49 304.24 61,152 including 44.00 167.00 123.00 1.19 190.68 0.06 1.74 3.25 7.17 397.35 48,875 including 104.00 121.00 17.00 1.45 251.47 0.05 2.78 3.99 8.07 447.30 7,604 THN12‐83 24.00 174.50 150.50 1.37 165.30 0.11 0.92 1.25 5.67 314.25 47,294 Including 24.00 97.70 73.70 1.49 284.15 0.12 1.31 1.78 8.41 466.59 34,388 Including 49.00 62.00 13.00 2.01 725.55 0.13 3.33 3.68 18.89 1047.55 13,618 THN12‐65 6.10 90.00 83.90 1.03 161.81 ‐ 1.29 1.49 5.34 295.85 24,821 THN12‐63 67.48 148.00 80.52 0.94 140.16 ‐ 1.09 1.49 4.77 264.42 21,291 THN12‐72 6.10 110.95 104.85 1.10 88.01 ‐ 0.24 0.63 3.13 173.33 18,174 including 22.00 75.00 53.00 1.57 126.54 ‐ 0.37 1.09 4.59 254.42 13,484 THN03‐22 60.90 138.70 77.80 0.68 109.33 0.02 0.60 1.72 3.86 214.14 16,660 THN12‐73 6.10 90.00 83.90 0.94 105.27 ‐ 0.47 0.47 3.31 183.68 15,411 THN12‐62 52.50 94.50 42.00 1.42 181.88 ‐ 0.84 1.44 5.85 324.37 13,624 THN12‐71 9.14 68.28 59.14 0.63 127.11 ‐ 0.58 0.83 3.63 201.47 11,915 THN11‐57 73.39 177.30 103.91 0.26 66.80 ‐ 0.22 0.63 1.89 104.98 10,909 37
Grain of native Au. The gold precipitated with low temperature radiating quartz- pyrophyllite clusters (gangue), and is later than the tennantite-tetrahedrite (grey). SEM shows a Ag concentration that is significant but subordinate to Au. Photomicrograph of sample 206808 Quartz-sulphide breccia vein View in reflected light. Grain of gold is ~20 microns in length.
quartz-pyrophyllite tennantite- tetrahedrite
gold
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Source: http://goldprice.org/gold-silver-ratio.html
Historic average 50:1 Current ratio ~76 Strong leverage to the upside for silver
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S&P/TSX Venture Composite Index
475 (bear market bottom) (bull market top) (2007-2017)
BRIXTON METALS CORPORATION (TSX-V: BBB)
1-604-630-9707 email: info@brixtonmetals.com www.brixtonmetals.com Suite 551 – 409 Granville Street, Vancouver, BC, V6C 1T2 Canada