Upload
others
View
3
Download
0
Embed Size (px)
Citation preview
1
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 commentsregarding timeline, predictions and projections. 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, andoften contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action orevent "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 orachievements expressed or implied by such forward-looking statements. Such factors include, among others, the followingrisks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodityprices; title matters; and the additional risks identified on the Company’s website or other reports and filings with the TSXVenture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based onmanagement's beliefs, estimates and opinions on the date that statements are made and the Company undertakes noobligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances shouldchange, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty toforward-looking state. The historical estimates contained in this presentation have not been verified as current mineralresources. In general, Brixton Metals believes that the historical estimates are a reasonable estimate based on dataavailable at the time and that there is potential to expand this historical estimate to a significant drill discovery through aninitial round of exploration drilling and by closer-spaced infill drilling to standards suitable for formal resource estimation. Aqualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineralreserves, 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
Mr. Sorin Posescu, P.Geo. is the QP who assumes responsibility for the technical contents of this Presentation.
SAFE HARBOUR STATEMENT
2
3
WHY INVEST IN BRIXTON?Brixton’s 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
(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)
4
BRIXTON’S STRATEGY
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• Co-Founder of Brixton Metals Corporation • 25 years in exploration for precious/base metals,
geothermal energy and oil & gas• Former Project Geologist for NovaGold Resources,
Newmont Mining and Encana Corporation• Sold Sierra Geothermal Power 2010 • Co-Led financings totaling $75M
CALE MOODIE BSF, CPA, CA, CFO & DIRECTOR• Co-founder of Brixton Metals Corporation • Former CFO of Underworld Resources which was
sold to Kinross • 16 years in public markets• Involved in $80M public company financings
SORIN POSESCU P. Geo., VP EXPLORATION• 20 years experience in resource exploration with
several discovery credits• Former Senior Project Geologist with NovaGold,
and Sierra Geothermal Power• Former Project Geologist for OMV-PETROM (10
years)
IAN BALL B.Com, DIRECTOR• CEO of Abitibi Royalties Inc.• Previously President of McEwen Mining Inc. • Credited with leading the team that built the El Gallo 1
mine and making the El Gallo 2 discovery
CARL HERING, PhD., DIRECTOR• Director of Colorado Resources Ltd.• 35 years experience in mineral exploration globally• Previously held senior positions with Noranda and
Placer Dome in the Western USA, Mexico, Central America, Austral-Asia, Asia Pacific
• Brings diversified technical skills for both evaluations and acquisition opportunities
• Instrumental in building Brett Resources to a 10 Moz gold resource (acquired by Osisko Mining in 2010)
DANETTE SCHWAB, P.Geo., SENIOR GEOLOGIST• 15 years experience in mineral exploration• Former Senior Exploration Geologist for NovaCopper
and Fronteer Gold (acquired by Newmont for $2.3B)• Former Project Geologist for NovaGold, Balmoral and
Riverside
MANAGEMENT & DIRECTORS
5
A discovery driven team with a proven track record of building companies
SHARE STRUCTUREAs at Sept 1, 2017
TSX Venture Exchange: BBB share price $0.41Shares Outstanding 46,498,091Options 4,135,000Warrants 19,610,675Fully Diluted 70,244,041Market Capitalization $19 MillionCash $1.7 MillionDebt 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
6
5 year stock chart
1 year stock chart
7
HOG HEAVEN, MONTANA, USA
Hog Heaven Ag-Au
Montanore Mines Management
Montana Tunnels
USA
HOG HEAVEN Ag‐Au Project
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
9
HOG HEAVEN Next StepsThe 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 HeavenDrill Core
Over 400 holes have been drilled
10
THORN Au‐Ag Project, BC, CANADA
A drone photo of the Thorn Camp & Airstrip 2017
The Thorn Project is A District Scale Au-Ag
and Base MetalsOpportunity
THORN SUMMARY
11
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 veins21.5 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
11
12
THORN GEOLOGY
Structurally 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
13
GOLD‐IN‐SOIL GEOCHEM
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
14
16.7 g/t Au, 6.39 g/t Au,
NEW DISCOVERY
15
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 AuEqwithin 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 1.01including 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 1.03including 161.00 179.00 18.00 0.99 19.46 0.18 0.66 1.83THN17-142 161.00 167.45 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 2.96including 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 0.87including 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 0.93including 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 0.51including 37.00 38.00 1.00 5.08 1.60 5.10THN17-147 182.85 200.00 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
16
2017 DRILLING AT THORN
2,455m (10 holes) at the Chivas Zone were drilled within an area of 800m by 800m
Mapping identifies a new open ended copper corridorwhich is yet to be drill tested and several holes haveincreasing copper grades with depth
2017 DRILLING PLAN MAP
17
18
CHIVAS SECTON A‐A’
19
CHIVAS SECTON B‐B’
THORN OUTLAW ZONE SEDIMENT HOSTED Au
59m of 1.15 g/t AuIncl. 9m of 3 g/t Au
20
21
THORN’S OBAN ZONE PORPHYRY TARGET
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
22
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 brecciaAlteration: 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
23
2014 THORN BLOCK MODELS
95m of 904 g/t AgEq
high-sulphidation breccia-vein
high-sulphidation breccia-vein
24
THORN Next StepsProperty 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.
25
Cobalt Camp
COBALT CAMP PROJECTS
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, CanadaPast production: 10.4 Moz Ag
at 25 opt AgLANGIS MINE
HUDSON BAY MINE
COBALT PROJECT SUMMARYTwo 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
1kmScale
Nippising Diabase Sill
Syenite
Huronian Seds
27
LANGIS GEOLOGYHigh‐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 ModelAfter Potter and Taylor 2010
LANGIS MINE / NEW DRILLING
28
COBALT CAMP NEXT STEPS
29
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.
ATLIN GOLD PROJECT BC, CANADA
30
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 of Barkerville style or California style mother-lode gold deposits.
31
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 over 600,000 ounces gold between 1898 and 1946. The Atlin gold camp (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.
ATLIN GOLD PROJECT BC, CANADA
32
WHY INVEST IN BRIXTON?
High potential projects provides investors with a compelling risk-reward opportunity.
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
APPENDIX
33
Au ppb Ag ppm
Te ppm Cu ppm
Ag-ppm
70
70
127
30
15
7
3.5
1
Te-ppm
70
10
450
5
2.5
1
0.5
Cu-ppm
70
1000
5750
600
300
150
75
50
16,700
Au-ppb 1 KmN
THORN’S CHIVAS Zone Au‐Ag‐Te‐Cu
Soil GeochemicalResults 2016
34
35
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
ObanIn‐Pit 3700 105.07 50.82 0.4 ‐ 0.31 0.58 12500 6000 50 NA 25200 47500Underground 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 1. The in‐pit portion is reported at a dollar equivalent cut‐off value of US $15 per tonne within a Whittle shell and $50 per tonnefor 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, respectively. The Whittle shell for Oban does not include copper. The Whittle shells for Glenfiddich and Talisker do not include lead or zinc.2. Dollar and Silver Equivalents are based on US $20 Silver, $1200 Gold, $3 Copper, $1 lead, and $1 zinc, with metal recoveries of 90%. Copper is not included in the Oban estimates. Lead and zinc are not included in the Glenfiddich and Talisker estimates.
2014 THORN NI‐43‐101
All zones remain open for expansion and upgrade through further drilling
2*
95.08 m of 628 g/t Ag, 1.71 g/t AuIncluding 9 m of 2984 g/t Ag, 3 g/t Au
123 m of 190.68 g/t Ag 1.19 g/t Au3.25% Zn1.74% PbWithin 310 m of223.51 AgEq
Hole 119 ended in121 AgEq at 383 m(off section)
THORN OBAN BLOCK MODEL
OBAN Zone Diatreme Breccia
36
37
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 85,952including 55.45 64.70 9.25 3.04 2984.00 0.53 11.65 3.42 65.52 3646.00 33,726including 49.44 75.00 25.56 2.28 1300.00 0.22 5.34 2.51 30.12 1670.52 42,698THN11‐60 101.08 243.00 141.92 0.16 53.00 ‐ 0.20 0.47 1.45 80.61 11,440THN12‐84 26.00 336.00 310.00 0.71 105.82 0.03 0.90 1.76 4.02 222.92 69,105including 26.00 227.00 201.00 0.95 145.03 0.05 1.26 2.35 5.49 304.24 61,152including 44.00 167.00 123.00 1.19 190.68 0.06 1.74 3.25 7.17 397.35 48,875including 104.00 121.00 17.00 1.45 251.47 0.05 2.78 3.99 8.07 447.30 7,604THN12‐83 24.00 174.50 150.50 1.37 165.30 0.11 0.92 1.25 5.67 314.25 47,294Including 24.00 97.70 73.70 1.49 284.15 0.12 1.31 1.78 8.41 466.59 34,388Including 49.00 62.00 13.00 2.01 725.55 0.13 3.33 3.68 18.89 1047.55 13,618THN12‐65 6.10 90.00 83.90 1.03 161.81 ‐ 1.29 1.49 5.34 295.85 24,821THN12‐63 67.48 148.00 80.52 0.94 140.16 ‐ 1.09 1.49 4.77 264.42 21,291THN12‐72 6.10 110.95 104.85 1.10 88.01 ‐ 0.24 0.63 3.13 173.33 18,174including 22.00 75.00 53.00 1.57 126.54 ‐ 0.37 1.09 4.59 254.42 13,484THN03‐22 60.90 138.70 77.80 0.68 109.33 0.02 0.60 1.72 3.86 214.14 16,660THN12‐73 6.10 90.00 83.90 0.94 105.27 ‐ 0.47 0.47 3.31 183.68 15,411THN12‐62 52.50 94.50 42.00 1.42 181.88 ‐ 0.84 1.44 5.85 324.37 13,624THN12‐71 9.14 68.28 59.14 0.63 127.11 ‐ 0.58 0.83 3.63 201.47 11,915THN11‐57 73.39 177.30 103.91 0.26 66.80 ‐ 0.22 0.63 1.89 104.98 10,909
37
THORN QUARTZ SULPHIDE THIN SECTION
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 veinView in reflected light. Grain of gold is ~20 microns in length.
quartz-pyrophyllite
tennantite-tetrahedrite
gold
38
THORN OUTLAW ZONE CORE THN14‐128
39
40
Macro Picture
Positive for Gold & Silver
GOLD vs US DEBT
41
42
GOLD SILVER RATIO
Source: http://goldprice.org/gold-silver-ratio.html
Historic average 50:1
Current ratio ~76Strong leverage to the upside for silver
43
S&P/TSX Venture Composite Index
475 (bear market bottom)
(bull market top)
(2007-2017)
Contact InformationBRIXTON METALS CORPORATION
(TSX-V: BBB)
1-604-630-9707 email: [email protected] www.brixtonmetals.comSuite 551 – 409 Granville Street, Vancouver, BC, V6C 1T2 Canada