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Corporate Presentation August 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 August 2017 Advancing High Potential Gold & Silver Projects BBB : TSX VENTURE 8BX1 : GR BXTMF :OTCMKTS 1 OTCMKTS BXTMF : OTCMKTS SAFE HARBOUR STATEMENT Information set forth
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Corporate Presentation August 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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High-potential gold-silver projects provide investors with a compelling risk- reward opportunity. 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 (Porphyry target). Cobalt Camp: Brownfield silver-cobalt assets in a high-grade camp. Langis: 10.4 Moz at 25 opt Ag (Past Production). Hudson Bay: 6.4 Moz at 123 opt Ag (Past Production). 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)
BBB:TSXV
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Acquire gold & silver assets in safe jurisdictions at reasonably low cost. 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 Au) and open pit deposits (>2 g/t Au). 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 July 20, 2017
TSX Venture Exchange: BBB share price $0.37 Shares Outstanding 46,498,091 Options 4,135,000 Warrants 19,610,675 Fully Diluted 70,244,041 Market Capitalization $17.2 Million Cash $2.0 Million Debt none 6
1 year stock chart
5 year stock chart
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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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Hog Heaven Ag-Au
8 The Hog Heaven property is located in north-western Montana, USA. 100% of Hog Heaven was acquired for 2.68M Brixton common shares subject to a 3% NSR to the vendors. Hog Heaven is a high-sulphidation silver-gold epithermal vein-breccia deposit with porphyry potential. 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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A District Scale Project Au-Ag Targets & Base Metal Targets Northwest British Columbia, Canada
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Wholly owned 1,114 km2 claim block Accessed via one hour fixed-wing flight from Whitehorse, YK Covers 10km by 30 km gold trend Epithermal & sediment hosted Au-Ag Porphyry Cu-Au-Mo potential Underground and open pit targets Very high discovery rate Silver-rich zones, inferred resource 21.5 Moz AgEq (7.4 Mt at 89.75 g/t AgEq) Signed Exploration Agreement with the Taku River Tlingit First Nations
Juneau
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well prepared rocks and multiple mineralizing events over a long time period
2km
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59m of 1.15 g/t Au
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CHIVAS GOLD ZONE
Cripple Creek type Au-Ag-Te deposit 3.5 km x 2 km gold-in- soil anomaly Large near surface IP chargeability high Drill ready for 2017 Rocks up to 6.5 g/t Au Soil-fines to 16.7 g/t Au Open along strike
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16.7 g/t Au, 6.39 g/t Au, 2.25 g/t Au
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
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The Kalgoorlie Super Pit has produced 50 million
the cut will be 3.6 kilometers long, 1.6 kilometers wide and up to 650 meters deep. Kalgoorlie Consolidated Gold Mines (Barrick/Newmont).
The Chivas Zone has a Gold‐in‐soil anomaly with a strike of 3.5km and a width up to 2km and remains open. (Au‐Ag‐Te‐Cu geochemical signature)
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Cobalt Camp
The Camp produced
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%. Excellent local infrastructure: year round road access, power and railway. Brixton signed an Exploration Agreement with the Timiskaming First Nations in 2016. 18
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
Geological Model
After Potter and Taylor 2010
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High potential projects provides investors with a compelling risk-reward
A discovery driven, well seasoned and efficient management team. 44M shares outstanding with strong shareholders like McEwen, US Global, Sprott, Hecla Mining and Management. Planned 2017 drilling for high-grade silver in the Cobalt-Silver Camp. Drilling for discovery at the Chivas Zone in June/July 2017. Targeting new resource estimates for the projects.
BBB:TSXV
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2km
95.08 m of 628 g/t Ag, 1.71 g/t Au Including 9 m of 3,646 g/t AgEq 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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Increasing copper at depth suggests porphyry Cu-Au-Ag target THN12‐85 30m 1.18% Cu from 264m THN13‐119 ended in 7.13m of 0.53% Cu
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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
16m of 173.70 g/t AgEq 49m of 125.15 g/t AgEq
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95m of 904 g/t AgEq
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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
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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 1010 – 409 Granville Street, Vancouver, BC, V6C 1T2 Canada