CORPORATE PRESENTATION JANUARY 2019

Transcription

1 CORPORATE PRESENTATION JANUARY 2019 FOCUSED PURSUIT OF HIGH-GRADE GOLD IN THE HISTORIC ATLIN GOLDFIELDS, BC 8BX1 : GR BBB: TSXV 1 BRIXF :OTCQB

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 Goldfields Project in 2019 At Atlin we intend to drill: Existing historic high-grade gold zones Refine new targets with a goal of making a discovery Looking for partnerships with senior companies on other wholly owned 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 Geologist for NovaGold Resources, Newmont Alaska and Encana Corporation Built & 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 Geologist with NovaGold, Sierra Geothermal and OMV Petrom DARREN O BRIEN P.Geo., EXPLORATION MANAGER 25 years experience in exploration for gold and base metals Former geologist for Placer Dome on Donlin Creek, Pueblo Viejo, Musselwhite and Mt Milligan Held positions with junior explorers including BC Gold Corp., Terrane Metals Corp (sold for $650 million) and Pure Gold Mining IAN BALL B.Com, DIRECTOR CEO of Abitibi Royalties Inc. Former 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 (sold to Osisko Mining) RANDALL THOMPSON, DIRECTOR 30 years experience in building and operating underground and open pit mines in Canada, Australia, Mid-East Supervised the roughly $100 million expansion of Huckleberry Mines Led the $450 million construction of the Jabal Sayid mine in Saudi Arabia for Equinox Minerals DANETTE SCHWAB P.Geo., SENIOR GEOLOGIST 15 years experience in mineral exploration Former Geologist for NovaCopper, Fronteer Gold (sold to Newmont), NovaGold 4

5 SHARE STRUCTURE TSX Venture Exchange BBB Share Price 7-Jan-2019 $0.17 Shares Outstanding 90M Market Capitalization $15M Warrants 10.7M Options 8.5M Debt nil Cash as of Jan-2019 $3.4M Retail 8% 7% 6% 4.5% 3.0% 3.0% 4.0% Management Evanachan-McEwen Gold 2000 US Global Pan American Silver Hecla Mining Desert Mtn Energy 1 Year Stock Chart $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 120 year history of placer gold mining but limited modern exploration for hard-rock gold deposits 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 GOLDFIELDS PROJECT Early stage, 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, extensive road network from Atlin, BC, Canada 4 drill ready targets: Yellowjacket, Pictou, LD and Imperial 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 9

10 ROADS/PLACER/GEOCHEM Canada s largest nugget 85oz Spruce Ck Pine Creek Individual Nuggets Reported Spruce Creek: 85 oz. Birch Creek: 73 oz. Pine Creek: 48 oz. Ruby Creek: 47 oz. McKee Creek: 28 oz. 10

11 ATLIN vs BARKERVILLE Atlin Gold Camp (120yrs mining) Mineral claims Barkerville/Caribou Gold Camp 160 yrs of production Mineral claims Placer claims Placer claims Much of the hard rock gold source has yet to be found Placer production estimated 0.6-2Moz Placer production est. 3.4Moz Historical production 1.2Moz Non-NI , 453,500t at g/t Au (1) M+I = 1.6Moz at 6.1 g/t Au Inferred = 2.1Moz at 5.2 g/t Au 11

12 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 They focused on structural controls and genesis of gold deposition 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 Goldfields and target high grade gold deposits 12

13 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-extensional Intrusion related gold signature too 8 areas of interest identified Qtz-carb-albite-sericite-pyrite+-fuchsite alteration Richest veins are commonly proximal to ultramafic rocks Gold is cospatial with the collisional suture between the accreted Terranes 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 Gold is cospatial with the collisional suture between the accreted Intermontane Terranes Source: Mihalynuk, M.G., Zagorevski, A., Devine, F.A.M., and Humphrey, E., 2017 Source:

14 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 14 Phyllite-hosted gold-bearing veins Source: Mihalynuk, M.G., Zagorevski, A., Devine, F.A.M., and Humphrey, E., 2017

15 YELLOWJACKET DRILLING Located 7km East of Atlin (Non-NI compliant) 453,500 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. 15

16 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

17 LD GOLD ZONE Drill Ready 17

18 ATLIN: NEXT STEPS / CATALYSTS Complete historical data compilation and 2018 fieldwork Define drill targets and fieldwork for the 2019 program Drilling (RAB and Core) to begin spring 2019 OTHER ASSETS: JV or monetize other assets if a deal beneficial to shareholders is presented 18

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

20 APPENDICIES Wholly Owned Projects Seeking JV Partners Thorn Gold-Copper-Silver Project: Early stage district scale opportunity 2014 inferred resource of 21.5Moz AgEq (open for expansion) Oban diatreme drilling to 95m of 628 g/t Ag, 1.7 g/t Au, plus base metals A very large copper-gold porphyry target at the Chivas Zone is drill ready Hog Heaven Ag-Au-Cu: Advanced stage silver-gold-copper project 47.3Moz Ag, 0.23Moz Au historic non-ni compliant estimate (722 holes) Drilling at the copper zone 18.3m of 4.5% Cu, 4.5 g/t Au, g/t Ag 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 New discovery of a diamond bearing kimberlite in results pending 20

21 U.S. Debt vs. Gold Largest gap in history 21

22 STEEP GOLD-SILVER RATIO Average 56 22

23 23 TIME to BUY?