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News Releases

Brixton Metals Closes $1.5M for Drilling Its Silver – Cobalt Project in Ontario

December 7, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has closed a Flow-Through (“FT”) financing by issuing 6,313,000 FT shares at a price of $0.25 per FT share for gross proceeds of $1,578,250. Certain finders’ commissions payable are comprised of a cash fee in the aggregate of $108,937.50 and an aggregate of 435,750 finder’s warrants in connection with the financing. Each finder’s warrant is exercisable to acquire one common share of the Company at a price of $0.25 for a period of 24 months from the closing of the FT share financing.  Insiders subscribed for $22,000 of the financing. Proceeds from the FT financing shall be used for exploration on the Company’s wholly owned silver-cobalt…

Brixton Metals Samples 293 g/t Au and 88 g/t Au from its Atlin Project

November 8, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has completed exploration work on its wholly owned Atlin Gold Project near Atlin, BC. The 2017 field season concluded with a total of 200 rock samples and 120 soil samples collected within the 557 square kilometre property. In addition, 4,571 line kilometres of airborne magnetic survey was flown as 8 flight lines with 200m spacing. Highlights Boulders sampled on the LD showing returned up to 293 g/t Au and 88 g/t Au An intrusion-related gold deposit signature was identified by anomalous Bi, W, Sn +/- Ag, As, Sb, Pb and Zn associated with the Surprise Lake Batholith Delineated numerous magnetic highs and lineaments on the property…

Brixton Metals Closes Financing and Provides Update on its Hog Heaven Ag-Au Project

October 18, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has closed its previously announced private placement of units for aggregate gross proceeds of approximately $1,674,252 (the “Private Placement”). The Company intends to use the net proceeds to advance the Company’s Hog Heaven Project, a past-producing mine (“Hog Heaven Project”) and for general working capital. The Private Placement consisted of the issuance of 5,232,036 units (“Units”) at a price of $0.32 per Unit.  Each Unit consisted of one common share and one-half of one common share purchase warrant (each whole warrant a “Warrant”) with each Warrant exercisable by the holder into one common share of the Company at a price of $0.48 per share for a…

Brixton Metals Announces Private Placement of up to $3 Million

September 15, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) announces a non-brokered private placement of up to $3.0 million (the “Private Placement”). The Private Placement will consist of units (“Units”) to be issued at a price of $0.32 per Unit with each Unit consisting of one common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable by the holder into one common share of the Company at a price of $0.48 per share for a period of 36 months. The proceeds from the Private Placement will advance the Company’s Hog Heaven project and be used for general working capital. All securities issued pursuant to this Private Placement will be subject to…

Brixton Metals Discovers Gold-Silver Mineralization at the Chivas Zone and Drills 6.45m of 4.86 g/t AuEq and 17.26m of 2.62 g/t AuEq

September 7, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce drill results from the first ever holes into the Chivas Zone at its wholly owned Thorn Project located in the northern extension of the Golden Triangle, British Columbia, Canada. Highlights Drilling discovers Au-Ag mineralization over a large area and remains wide open Mineralization and alteration style appear to be porphyry related This is the first round of drilling ever at the Chivas Zone 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…

Brixton Metals Samples 16% Cobalt and 182,065 g/t Silver at Langis and Provides An Update On Its Projects

August 17, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce project updates for its projects located in both Ontario and British Columbia, Canada. 2017 Thorn Gold-Silver Project, British Columbia Brixton completed ten NQ-sized core drill holes for a total of 2,455 metres at the Chivas Zone. Drilling at the Chivas Zone was designed to test the gold-in-soil anomaly identified in 2016. The gold-in-soil anomaly at the Chivas Zone covers a 7 square kilometre area and has corresponding chargeability anomalies from the 2016 Titan-24 DC/IP survey. In 2017 Brixton collected 517 soil and 56 rock samples throughout the property and completed two weeks of 1:2500 and 1:5000 scale geological and alteration mapping at the Chivas Zone. Aerial Lidar was…

Brixton Metals Completes Acquisition of Past-Producing Hog Heaven Mine from Pan American Silver with Historical Estimate of 47.3 Million Ounces of Silver

July 18, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that, pursuant to an asset purchase and sale agreement with Pan American Silver Corp. (PAAS: NASDAQ; PAAS: TSX) (“Pan American“) announced on June 22, 2017, the Company has completed the acquisition of a 100 percent interest in the Hog Heaven project, a past-producing silver mine (“Hog Heaven Project”) in the State of Montana, subject to Pan American retaining a 3.0% net smelter returns royalty on the Hog Heaven Project (collectively, the “Transaction”). Highlights: Historical estimate of 47.3 million ounces of silver and 225,800 ounces of gold(1); Past production by Anaconda Mining Company (“Anaconda”) (1929 – 1946) of 241,000 tons at an average grade of 26.6 troy ounces of…

Brixton Metals to Acquire the Past-Producing Hog Heaven Mine from Pan American Silver with Historical Estimate of 47.3 Million Ounces of Silver

June 22, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has entered into an asset purchase and sale agreement with Pan American Silver Corp. (PAAS: NASDAQ; PAAS: TSX) (“Pan American“), to acquire 100 percent interest in the Hog Heaven project, a past-producing silver mine (“Hog Heaven Project”) in the State of Montana, subject to Pan American retaining a 3.0% net smelter returns royalty on the Hog Heaven Project. Highlights: Historical estimate of 47.3 million ounces of silver and 225,800 ounces of gold(1); Past production by Anaconda Mining Company (“Anaconda”) (1929 – 1946) of 6.4Moz Ag from 241,000 tons at an average grade of 26.6 troy ounces of silver per ton; Additional past production of 0.46Moz Ag…

Brixton Metals to Sell Its Non-Core Mining Claims in the Cobalt Camp, Ontario

June 7, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has entered into an asset purchase and sale agreement with First Cobalt Corp. (TSXV: FCC) (“First Cobalt”), to sell 100 percent interest in Brixton’s non-core mineral claims located in the Cobalt Camp, Ontario, Canada. The 22 claims cover approximately 848 hectares. The agreement provides that First Cobalt will pay Brixton $325,000 cash. Chairman and CEO of Brixton, Gary R. Thompson stated, “These non-core claims were not contiguous to Brixton’s Langis or Hudson Bay properties. The divesture of these claims allows Brixton to focus on our wholly owned Langis and Hudson Bay past producing, high-grade silver-cobalt mines within the Cobalt Camp.” A Finder’s Fee of $16,500 is…

Brixton Metals Closes $1.8M First Tranche of Private Placement and Provides Corporate Updates

April 4, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has closed its previously announced private placement of units and flow-through common shares for aggregate gross proceeds of approximately $1.8 million (the “Private Placement”). The Private Placement was brokered by Gravitas Securities Inc. (“Gravitas”) and Red Cloud Klondike Strike Inc. (together, the “Agents”) and the Private Placement included a non-brokered component that completed concurrently. The Company intends to use the net proceeds to advance its Thorn project and its Langis project, and for general working capital. The Private Placement consisted of the issuance of 2,776,800 units (“Units”) at a price of $0.50 per Unit for proceeds of $1,388,400 and the issuance of 711,200 flow through common…

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