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HOG HEAVEN SILVER-GOLD-COPPER PROJECT

Summary

The Hog Heaven Ag-Au-Cu Project is an advanced stage exploration property, which historically produced high-grade silver, gold, and copper. Between 1913 and 1975, Anaconda Copper Mining and lessees produced 6.7Moz Ag, 3,000 oz Au, 23M lbs Pb, and 0.6M lbs Cu from 0.23Mt of Direct Ship Ore, grading 29 opt Ag. The road accessible property is located in Flathead County, 55 miles south-southwest of the town of Kalispell, northwestern Montana, USA.

On March 2, 2021, Brixton & High Power Exploration (now Ivanhoe Electric Inc.) signed a USD$44.5 million definitive agreement for an earn-in joint venture on the Hog Heaven Project. Ivanhoe Electric is a U.S.-based mineral exploration and development company led by Mr. Robert Friedland. For more details, please see Brixton’s press release, dated Mar 2, 2021

Project Presentation

Under the earn-in agreement, Brixton may receive USD$4.5M over six years. Ivanhoe Electric has the option to fund USD$40M in exploration expenditures over 11 years to earn 75% interest in the project.

Up to 3,000 opt Silver

Stratiform and copper porphyry type mineralization

Drilling Data

Historically, 57,500 meters have been drilled at Hog Heaven, with 722 combined rotary, reverse circulation and diamond drill collars. Even though high-grade copper, lead and zinc have been mined on the property, a significant portion of the dataset was only evaluated for gold and silver. Overall, 68% of the sampled intervals were not assayed for Cu and 34% were not assayed for Pb and Zn.

In 2020, Brixton drilled 6 diamond drill holes adding another 1,400m to the above total. The drilling confirmed the mineralization and high-grade multi-element mineralization. A section view of highlights from hole HH20-02 is shown here, including 165.90 g/t Ag, 1.28 g/t Au and 0.55% Cu over 53.49m.

Note: Mr. Gary R. Thompson, P.Geo., Chairman, President and CEO of Brixton, is the QP who approved the scientific and technical information on this website.

Note: The Qualified Person (“QP”) for Brixton cannot verify the drill results reported in the tables above or the other technical information set out in this news release. 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.

Mr. Gary R. Thompson, P.Geo., Chairman, President and CEO of Brixton, is the QP who approved the scientific and technical information on this website. Reported drill results are drilled intervals and true widths have not been determine at this time.

Project News Releases

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