CORPORATE PRESENTATION NOVEMBER 2018

Transcription

1 CORPORATE PRESENTATION NOVEMBER 2018 FOCUSED PURSUIT OF HIGH-GRADE GOLD IN THE HISTORIC ATLIN GOLD CAMP, BC 8BX1 : GR TSXV: BBB 1 BXTMF :OTC

2 SAFE HARBOUR STATEMENT 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, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forwardlooking 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 obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should 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 Mr. Sorin Posescu, P.Geo. is the QP who assumes responsibility for the technical contents of this Presentation. 2

3 BRIXTON S STRATEGY Focus on high-grade gold at the Atlin Gold Project in 2019 At Atlin we intend to drill: Existing historic high-grade gold zones Refine then drill new targets with a goal of making a discovery Applying artificial Intelligence and machine learning to help define new targets Looking for partnerships with senior companies on non-core assets It all starts with the TEAM! 3

4 MANAGEMENT & DIRECTORS A discovery driven team with a proven track record and aligned interests GARY THOMPSON P.Geo., CHAIRMAN & CEO 25 yrs in resources includes 12 yrs in public markets Former Project Geologist for NovaGold Resources, Newmont Alaska and Encana Corporation Built then sold Sierra Geothermal in 2010 Led financings totaling $80M CALE MOODIE BSF, CPA, CA, CFO & DIRECTOR Former CFO of Underworld Res. sold to Kinross 16 years in public markets Involved in $100M public company financings SORIN POSESCU P. Geo., VP EXPLORATION 20 years experience in resource exploration Former Senior Project Geologist with NovaGold, Sierra Geothermal and OMV Petrom DANETTE SCHWAB P.Geo., SENIOR GEOLOGIST 15 years experience in mineral exploration Former Senior Geologist for NovaCopper, Fronteer Gold (sold to Nemwont), NovaGold IAN BALL B.Com, DIRECTOR CEO of Abitibi Royalties Inc. Previously President of McEwen Mining Inc. Led the team that built the El Gallo 1 mine and making the El Gallo 2 discovery CARL HERING PhD., DIRECTOR 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 Instrumental in building Brett Resources, a 10 Moz gold resource (sold to Osisko Mining) RANDALL THOMPSON, DIRECTOR 30 years experience in building and operating underground and open pit mines precious and base metals mines in Canada, Australia, Mid-East Chief Operating Officer of Huckleberry Mines., supervised the roughly $100 million expansion Led the $450 million construction of the Jabal Sayid mine in Saudi Arabia for Equinox Minerals 4

5 SHARE STRUCTURE TSXV Exchange BBB Share Price 11-Oct-2018 $0.20 Shares Outstanding 73M Market Capitalization $15M Warrants 5.8M Options 6M Debt 0 Cash as of 30-June-2018 $2.8M Retail 59% 8% 8% 7% 6% 4% 3% 3% 1% Management Evanachan-McEwen Gold 2000 Desert Mtn Energy Pan American Silver Hecla Mining US Global Eric Sprott 1 Year Stock Chart 2018 $CAD 5

6 PROJECT LOCATION Four Wholly Owned High Potential Exploration Projects Atlin Au Thorn Au-Cu-Ag Langis Ag-Co Hog Heaven Ag-Au-Cu Mexico 6

7 WHY ATLIN? Underexplored district scale gold targets A Long history of placer gold mining (120 years) + Limited modern exploration for hard-rock gold Exceptional drill results: 5.57m of g/t Au (16 opt gold) 2.62m of g/t Au (27 opt gold) 13.50m of g/t Au (0.36 opt gold) 6.00m of g/t Au (0.68 opt gold) Potential to be the next Barkerville / Caribou Gold Camp The largest gold nugget in Canada was from Atlin 85 ounces 7

8 ATLIN GOLD PROJECT Early stage, Barkerville style OROGENIC gold High-grade, small historic resource at Yellowjacket Non-NI compliant estimate of 453,500t at g/t Au (1) Recently consolidated 1004 square km claim group at low costs Good infrastructure, road access, 10min drive from Atlin, BC, Canada 3 drill ready targets: Yellowjacket, Pictou and LD 5 newly identified targets that warrant follow-up work prior to drilling Placer miners have reported 600Koz ( ) and likely 2Moz since Quartz- Phyllite gold-veins BC Bottom of placer pit

9 GOLD TARGETS New Large Scale Anomaly 9

10 ATLIN vs BARKERVILLE Atlin Gold Camp Mineral claims Barkerville/Caribou Gold Camp Mineral claims Placer claims Placer claims Atlin at scale to Barkerville but much of the hard rock source has yet to be found Placer production est. 3.4Moz Placer production est Moz Historical production 1.2Moz No defined resources (1) M+I = 1.6Moz at 6.1 g/t Au Non-NI , 150Koz at 10 g/t Au Inferred = 2.1Moz at 5.2 g/t Au 10

11 CRACKING THE CODE The secret of Barkerville s success Under the new Barkerville team, drilling went from gold in 2 of 10 drill holes to gold in 9 of 10 holes drilled Through a cash injection and the new team, they developed a new geological model and applied modern exploration techniques They focused on structural controls and genesis of gold deposition They went from ~1Moz Au of historic estimates to 1.6Moz M+I plus 2.1Moz inferred resource and growing Brixton plans to focus on the structural controls for gold deposition in the Atlin Camp and prove up high grade gold deposits 11

12 ATLIN vs BARKERVILLE Atlin Gold Camp 2 nd largest placer production in BC 120 years of placer mining 1004 sqkm of mineral rights Largest gold nugget in Canada, 85 oz Gold hosted fault-shear-extensionalintrusion related 8 areas of interest Qtz-carb-albite-sericite-pyrite+-fuchsite alteration Richest veins are commonly proximal to ultramafic rocks Barkerville Gold Camp Largest placer production in BC 160 years of placer mining 2071 sqkm of mineral rights Largest gold nugget 19oz Gold hosted fault-shearextensional-replacement 183 vein corridors Qtz-carb-sericite-pyrite alteration Source: Mihalynuk, M.G., Zagorevski, A., Devine, F.A.M., and Humphrey, E., 2017 source 12

13 MULTIPLE MINERALIZATION STYLES AT ATLIN (i) Listwanite-hosted Gold: Shear zone hosted quartz-carbonate-mariposite veins and free gold hosted in mafic and ultramafic lithologies (Yellowjacket, LD and Pictou zones) (ii) Argillite-Phyllite-Hosted Gold: Quartz-albitecarbonate-bearing veins, stockwork and breccias hosted in cherty-argillite-to-phyllitic metasedimentary rocks (LD zone, Otter, Feather, Wilson Creek) (iii) Intrusion-Related Gold Mineralization Gold nuggets intergrown with cassiterite (SnO 2 ) and thorite (ThSiO 4 ) have been collected from placer producing streams proximal to the Surprise Lake Batholith, (Tintern Creek and McKinley Creek targets) MULTIPLE DISCOVERIES POSSIBLE 13 Phyllite-hosted gold-bearing veins Source: Mihalynuk, M.G., Zagorevski, A., Devine, F.A.M., and Humphrey, E., 2017

14 YELLOWJACKET DRILLING Located 7km East of Atlin (Non-NI compliant) 453,000 tonnes at 10.26g/t gold (1) 80m wide shear zone,300m strike and depth to 140m Mine Permit for 200 tpd Positive simple gravity concentrate with high recovery rates Working respectful relationship with the Taku River Tlingit First Nations Note 1: In 1988, Homestake Mineral Development Company ( Homestake ) outlined the Yellowjacket gold zone by drilling 58 diamond drill holes of which gold was intercepted to 140m depth. Homestake delineated a historical non-compliant resource estimate of 453,500 tonnes grading g/t gold (British Columbia Department of Mines Open File page 41). These are historical figures and do not comply with the CIM reporting standards National Instrument for mineral resources or reserves and should not be relied upon. 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 and Brixton is not treating these historical estimates as a current mineral resource. 14

15 Historical Yellowjacket Drilling Highlights Drill Results YELLOWJACKET DRILLING Hole ID From (m) To (m) Length (m) Gold (g/t) YJ TW MET YJ L100E-60B TW YJ MET MET YJ YJ TW YJ YJ YJ L064E-42A free gold in core Listwanite-hosted Gold: Shear zone hosted quartz-carbonate-mariposite veins and free gold hosted in mafic and ultramafic lithologies Gold intersected to 140m depth and 300m strike within the 80m shear so far Remains open for expansion

16 LD GOLD ZONE Gold-in-soil anomaly 1.8km x 2.5km Open for expansion in a NE/SW direction 16

17 ATLIN: NEXT STEPS / CATALYSTS Complete historical data compilation and 2018 fieldwork Define drill targets and fieldwork for the 2019 program Drilling to begin spring 2019 OTHER ASSETS: JV or monetize other assets if a deal beneficial to shareholders is presented 17

18 Contact Information BRIXTON METALS CORPORATION (TSX-V: BBB) Suite Granville Street, Vancouver, BC, V6C 1T2 Canada

19 APPENDICIES SEEKING JV PARTNERS Thorn Gold-Copper-Silver Project: Early stage district scale opportunity 2014 inferred resource of 21.5M AgEq (open for expansion) Oban zone drilling to 95m of 628 g/t Ag, 1.7 g/t Au, plus base metals Drill ready copper-gold porphyry target Hog Heaven Ag-Au-Cu: Advanced stage silver-gold-copper project 722 drill holes for 57,498m with a near term development path Drilling to 18.3m of 4.5 g/t Au, g/t Ag, 4.5% Cu Drill ready feeder zone targets Cobalt Camp Ag-Co: Brownfield silver-cobalt exploration project Langis Mine: 10.4 Moz at 25 opt silver, 358,340 lbs of cobalt past production Hudson Bay Mine: 6.4 Moz at 123 opt silver, 185,570 lbs of cobalt of past production Silver intercepts up to 6m of 4719 g/t Ag and cobalt up to 3m of 1.23% Co Drill ready silver-cobalt targets 19

20 THORN PROJECT SUMMARY Exploration Project THORN Au-Cu-Ag Wholly owned 997 km 2 claim block Accessed via one hour fixed-wing flight from Whitehorse, YK, 65km to tide water 21.5 Moz AgEq Inferred (7.4 Mt at g/t AgEq)2* Sediment hosted Au-Ag Porphyry Cu-Au-Ag-Mo potential 20 Signed Exploration Agreement with the Taku River Tlingit First Nations 20

21 2014 THORN BLOCK MODELS 16m of 3.13 g/t AuEq 49m of 2.26 g/t AuEq 95m of g/t AuEq See Brixton s website or SEDAR for the NI report on the Thorn Project The 2 deepest holes at the Oban zone intersected 30m of 1.18% Cu and one ended in 0.53% Cu 21

22 Chivas Cu-Au-Mo-Ag Porphyry First exploration work in 2014 returned up to 11 g/t Au (soil-talus fines) 7 sqkm (gold-in-soil + IP high) anomaly and is open to the NW/SE 8 sqkm (copper-in-soil anomaly) 2017 work: 2455m of drilling Open-ended Copper Corridor Porphyry Cu-Au target to be drill tested Strong Mo/As and Ag/Au ratio s, see Brixton s website Thorn page for details 22 22

23 HOG HEAVEN Ag-Au-Cu Project Montana, USA Year-round road access 10 sections of private Lands Non BLM or Forest Service Permitted 23

24 HOG HEAVEN Ag-Au-Cu Project Hog Heaven USA The Hog Heaven property is located in north-western Montana, USA and is wholly owned by Brixton subject to a 3% NSR Hog Heaven is a high-sulphidation Ag-Au-Cu-Pb-Zn epithermal vein-breccia deposit A Feasibility Study was completed in 1988 by American Mining Services 6.7Moz Ag at 29 oz/t Ag, 3Koz Au, 23Mlbs Pb, 0.6Mlbs Cu were mined from 230K tons and directly shipped to a smelter ( ) 722 drill holes for 57,498m of drilling from the late 1970 s to the mid 1990 s Hog Heaven Historical (Non-compliant-Ni ) Historic (2) Tonnes mm Ag (g/t) Au (g/t) Moz Ag Moz Au (2) 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 Standards of Disclosure for Mineral Projects ( NI ) (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 and Brixton is not treating these historical estimates as a current mineral resource. 24

25 m of 266 g/t AgEq Incl m of 745 g/t AgEq 18.19m of 1623 g/t AgEq Incl. 9.15m of 2951 g/t AgEq 74.68m of 338 g/t AgEq Incl m of 524 g/t AgEq HOG HEAVEN-MAIN MINE LONG SECTION SILVER EQUIVALENT* VIEW TO EAST 23.01m of 687 g/t AgEq Incl. 3.05m of 3347 g/t AgEq 18.29m of 695 g/t AgEq Incl. 3.05m of 2737 g/t AgEq 67.06m of 391 g/t AgEq Incl. 7.62m of 736 g/t AgEq 30.48m of 402 g/t AgEq 18.29m of 632 g/t AgEq** Incl. 4.58m of 1566 g/t AgEq 32.01m of 318 g/t AgEq** Incl. 6.09m of 788 g/t AgEq 8040 OPEN 25.91m of 268 g/t AgEq Incl. 7.62m of 454 g/t AgEq OPEN 62.48m of 182 g/t AgEq** Incl. 4.57m of 426 g/t AgEq 53.34m of 643 g/t AgEq** Incl. 9.15m of 2226 g/t AgEq 54.86m of 411 g/t AgEq** Incl m of 841 g/t AgEq metres *Silver Equivalent values (AgEq) were calculated using the formula AgEq = $1,200 x Au g/t $17 x Ag g/t $3 x % Cu 100 x $1 x % Pb 100 x $1.20 x % Zn 100 x /$17 x This method assumes full metal recoveries. Metal prices used in this calculation include: $17 per ounce for Ag, $1200 per ounce for Au, $3 per pound for Cu, $1.2 per pound for Zn and $1 per pound for Pb. ** These intercepts have incomplete assay data for Cu, Pb and Zn 25

26 COBALT CAMP PROJECTS Northeast Ontario, Canada Cobalt Camp cobalt LANGIS MINE Past production: 10.4 Moz Ag 358,340 lbs of Cobalt HUDSON BAY MINE 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 185,570 lbs of cobalt 26

27 COBALT CAMP SUMMARY Two past producing, high-grade silver mines in the Cobalt Camp, Ontario, Canada A brownfields exploration and development opportunity for silver-cobalt. LANGIS MINE past production ( ) 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 ( ) 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 27

28 LANGIS DRILL RESULTS Drill highlights Langis Mine Project Hole 37 Intersected 44m of Kimberlite 28 True widths have not been determined at this time

29 GOLD-GEOCHEM ATLIN Yellowjacket Pine Creek Nuggets with host rocks km 29

30 U.S. Debt vs. Gold Largest gap in history 30

31 STEEP GOLD-SILVER RATIO Current Average 56 31

32 32 TIME to BUY?