Brixton Metals Corporation · TSXV:BBB
Brixton Metals — Investor Presentation (June 2021)
51 slides from Brixton Metals's investor presentation, Jun 10, 2021
Slide 1: A District Scale Porphyry Trend
“A District Scale Porphyry Trend” Northwest British Columbia, Canada
Slide 2: Safe Harbour Statement
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-lo
Slide 3: Thorn Project: The Flagship
THORN PROJECT The Flagship Located in the prolific-metal rich Golden Triangle within the Taku River Tlingit and Tahltan First Nation Territory Easy access via 45 min plane flight from Whitehorse, YK. Wholly-owned 2,600km2 claim block Potential US tide water Golden Bear Mine road access District-scal
Slide 4: Late Cretaceous to Eocene Magmatism, Transcurrent Faults and Deposits
Pebble Cu-Au-Mo Casino Cu-Mo-Au 74 Ma 90.4-89.7 Ma Late Cretaceous to Eocene Magmatism, Transcurrent Adanac Mo 70 Ma Faults and Associated Deposits Thorn Cu-Mo-Au Pre-faulting architecture puts 88 Ma Thorn inboard of the Pebble deposit Huckleberry Cu-Mo 82 Ma after Nelson et. al 2013
Slide 5: Thorn Project Summary
THORN PROJECT SUMMARY 10,000 to 20,000m drilling planned for 2021 80 km mineralized megatrend Includes several deposit types: Cu-Au-Ag-Mo porphyry (Camp Creek, Metla, East, West and South targets) Au-Ag sediment hosted: Outlaw and GoldBee Targets High sulphidation Cu-Ag-Au veins-breccia and diatreme
Slide 6: Thorn Work History
THORN WORK HISTORY Original discovery was in 1959 by Kennco 40,000m of drilling to date within 220 holes 26,070 soils, 8,185 rocks, 1,203 stream sediment samples 40 line-km IP, 6 line-km of MT, 467-line-km of airborne EM Structural studies, SRK 2013 Airstrip established in 2011 and Camp upgrades Mai
Slide 7: BCGS RGS Re-analysis
BCGS RGS RE-ANALYSIS Geoscience BC Report 2018-14 BRITISH COLUMBIA THORN PROJECT Newly acquired ground Geoscience BC Report 2018-14 Porphyry Copper Weighted Sums using residuals following multiple regression analysis against principal components Stream sediment re-analysis Resulted in new staking by
Slide 8: Regional Stream Sediment Geochem
REGIONAL STREAM SEDIMENT GEOCHEM Geoscience BC Report 2018-14 8 8
Slide 9: Thorn Geological Model
THORN GEOLOGICAL MODEL GLENFIDDICH CAMP CREEK TALISKER OUTLAW OBAN Sillitoe, 2010 : Conceptual model of hydrothermal alteration related to porphyry and epithermal mineralization 9
Slide 10: Alteration Footprint
ALTERATION FOOTPRINT “| SATELLITE ALTERATION FOOTPRINT Lo ee oe Targets | Thorn Ye Golden Bear Mine Remote Sensing SENTINEL Jarosite_SENT2 Tron Oxide Alteration Clay Alteration ASTER Muscovite_ASTER Clay_ASTER 10
Slide 11: Targets-Gold Geochem
Camp Creek East Target Rock Samples Au (g/t) i >10 BH 2to10 m 05to2 ' Soil Samples Au (ppb) @ >500 @ 100 to S00 © 30to 100 Silt Samples Au (ppb) A 500 é A 100t0500 South Target C 8 e: "7 | 30 to 100 Gof 10 km : ~ os N78 tine : P : ESS Roa
Slide 12: Targets-Copper Geochem
ERS - 3 North Target = tie Camp Creek West Target East Target Rock Samples Cu (ppm) I > 10,000 {© 1,000 to 10,000 C500 to 1,000 Soil Samples Cu (ppm) @ >2,000 ©@ 1,000 to 2,000 © 100 to 1,000 Silt Samples Cu (ppm) A >200 ‘A 100to 200 South Target C 3 ’ } 4 50to 100 See 10km FOF Ming 5 SS 8S Rog
Slide 13: Porphyry Type and Igneous Composition
PORPHYRY TYPE AND IGNEOUS COMPOSITION 13
Slide 14: Thorn Igneous Composition
THORN IGNEOUS COMPOSITION 14
Slide 15: Fertile Porphyry Textures and Minor Element Composition
FERTILE PORPHYRY TEXTURES AND MINOR ELEMENT COMPOSITION Crowded plag-hb-bi porphyry with microcrystalline “Adakitic” composition groundmass and “stacked” biotite, Chivas stock 15
Slide 16: Thorn Geology
THORN GEOLOGY East Target} v ak Legend —— Regional Faults Quaternary Qal Alluvium and glacial sediments Neogene to Quaternary t MiPIL alkaline volcanic rocks Paleogene {]esva ——_andesitic volcanic rocks ( Jesvt rhyolite, felsic volcanic rocks (J Peeshgr granite, alkali feldspar granite intrusive roc
Slide 17: Geochronology
GEOCHRONOLOGY Black circles are U/Pb results and black diamonds are Ar/Ar data 17 (Simmons, 2005). Open circles are U/Pb results and open diamonds are Ar/Ar data (Mihalynuk, 2003). Errors are given at 2 sigma levels. 17
Slide 18: 2014 Thorn Block Models
2014 THORN BLOCK MODELS 16m of 3.13 g/t AuEq 49m of 2.26 g/t AuEq 95m of 16.15 g/t AuEq 2014 SRK Inferred Resource Whittle shell on 3 zones 18
Slide 19: Camp Creek Copper Geochem
CAMP CREEK COPPER GEOCHEM Surface rock samples are from high-sulphidation veins 0.1m to 5m in width (NE trending) including breccia NOTE: Significant silver- gold grades occur with Cu are not show here 19
Slide 20: Oban Mineralization & Alteration
OBAN MINERALIZATION & ALTERATION 22.0m to 23.0m: 1100 g/t Ag, 2.72 g/t Au, 7.8%Pb and 2.0% Zn 20
Slide 21: Oban-Camp Creek THN19-150
OBAN-CAMP CREEK THN19-150 HOLE From To Interval Au Ag Cu Pb Zn AuEq ID (m) (m) (m) g/t g/t % % % g/t THN19-150 97.00 651.70 554.70 0.57 43.18 0.24 0.28 0.55 1.97 including 97.00 374.80 277.80 0.86 75.28 0.28 0.48 0.88 3.06 including 97.00 232.96 135.96 1.35 133.62 0.31 0.89 1.61 5.00 and/incl. 100.9
Slide 22: Camp Creek Oban X-Section
CAMP CREEK OBAN X-SECTION • Extended know polymetallic mineralization over 200m in 2019 VIEW TO SOUTHWEST THN11-60 95.08 m of 1.71 g/t Au, 628.00 g/t Ag, 2.39% Zn, 3.31% Pb, 0.12% Cu AuEq g/t THN12-84 310.00 m of 0.71 g/t Au, 105.82 g/t Ag, 1.76% Zn, 0.90% Pb Numerous porphyry-style A and B veins in
Slide 23: Glenfiddich Target
GLENFIDDICH TARGET Enargite-pyrite Drill hole traces projected to surface showing >1 g/t 1.1m (TT) 10.62% vein AuEq or >0.65% CuEq Cu, 583 g/t Ag GLENFIDDICH ZONE • Enargite-bearing D-veins (similarities to D veins leading to discovery of Resolution, AZ?) • Strong Se (>2ppm) and Te (>3ppm) Thorn sto
Slide 24: Blind Porphyry Discovery
BLIND PORPHYRY DISCOVERY 9.00m of 0.19 g/t Au, 7.97 g/t Ag, 0.20 % Pb, 0.39%Zn 13.00m of 0.16 g/t Au, 7.29 g/t Ag, 0.13 % Pb, 0.25%Zn 230.82m* of 0.16% Cu, 0.011% Mo incl. 59.25m of 0.22% Cu, 0.11 g/t Au, 0.015% Mo *from 320m depth 24
Slide 25: Downhole Spectral Analysis of Altered Thorn Stock
DOWNHOLE SPECTRAL ANALYSIS OF ALTERED THORN STOCK Na-illite, montmorillonite, ISM Xtallinity pyrophyllite 1.02 32.2m >1g/t AuEq HS epithermal Na-illite, smectite, 165.1 m mineralization pyrophyllite ISM Xtallinity 1.11 Clay to muscovite Transition = Increasing T ISM Xtallinity Na-illite, 1.3 456.2 m
Slide 26: Camp Creek Drilling
CAMP CREEK DRILLING THN19-150 THN19-162 New Porphyry Discovery Plan Map 26
Slide 27: Camp Creek Drilling
CAMP CREEK DRILLING Hole 162 All previous drilling prior to 2019 did not drill deep enough to test the porphyry A New Porphyry Discovery Grades increasing with depth 554.70m of 1.23% CuEq Hole 181 (0.57 g/t Au, 0.24% Cu, 43.18 g/t Ag, 0.55% Zn, 0.28% Pb) 230.82m of 0.27% CuEq 439m 0f 0.34% CuEq, inc
Slide 28: Camp Creek Drill Hole THN19-162
CAMP CREEK DRILL HOLE THN19-162 Cu ppm Au g/t Mo ppm Pb Zn THN19-162 Chalcopyrite/Pyrite Mineralization at 480m Depth Increasing grades with depth 28
Slide 29: Camp Creek Drilling
CAMP CREEK DRILLING New Porphyry Discovery See Video link below Camp Creek Drilling and IP Chargeability 3D model (click link below) For CuEq values the average daily prices during last 12 months of Cu US$2.70/lb, Au $1759/oz, Ag $19.60/oz, Mo $11.20/lb were used 29
Slide 30: Camp Creek THN20-181 Core
CAMP CREEK THN20-181 CORE Hole From (m) To (m) Interval (m) Cu (ppm) Au (g/t) Ag (g/t) Mo (ppm) CuEq (%) AuEq (g/t) THN20-181 518.00 957.42 439.42 1889.60 0.07 2.41 139.83 0.34 0.35 Including 679.00 957.42 278.42 2347.42 0.09 2.57 195.83 0.43 0.45 Including 852.00 957.42 105.42 3201.80 0.11 3.75 335
Slide 31: Talisker Zone
TALISKER ZONE Oban like diatreme northeast Talisker- under cover 31 31
Slide 32: Glenfiddich Zone
GLENFIDDICH ZONE Drill Hole THN13-121 2.2m (1.1 true width) 583 g/t Ag, 10.6% Cu, 2.5 g/t Au Mineralization: Vuggy-quartz-pyrite-tetrahedrite-sulphosalts breccia Alteration: silica-pyrophyllite-sericite, minor calcite-ankerite-chlorite High Sulphidation Quartz-Sulphide Breccia 32 32
Slide 33: Camp Creek's Glenfiddich Zone
CAMP CREEK’s GLENFIDDICH ZONE Enargite- Drill hole traces projected to surface showing >1 g/t -pyrite AuEq or >0.65% CuEq vein GLENFIDDICH ZONE 1.1m (True width) 10.62% Cu, 583 g/t Ag, 2.5 g/t Au • Enargite-bearing D-veins (similarities to D veins leading to discover of Resolution, Arizona) Thorn st
Slide 34: Camp Creek Porphyry Index
CAMP CREEK PORPHYRY INDEX MDRU’s Porphyry Index (Cu/10)+Mo+(10xW)+(20xSn) Proximal elements THN19-162 (5xSb)+(20xTl)+Ag+As+Li Distal elements vector to porphyry Bouzari et al. 2019 mineralization porphyry An Effective vectoring tool mineralization 34
Slide 35: Porphyry Footprint Model
PORPHYRY FOOTPRINT MODEL 35 modified from Cohen 2011
Slide 36: Outlaw Gold Zone Summary
OUTLAW GOLD ZONE SUMMARY Outlaw Zone (Large scale gold target) Chevron Minerals initial work in the early 1980’s (soils/trenching/drilling). Sediment hosted with multiple horizons of siltstone-graywacke interbeds. Drilling by Brixton in 2014-2020 near surface strike of 750m Central Zone. West Outlaw
Slide 37: Outlaw Gold Zone
OUTLAW GOLD ZONE 4km Gold-In-Soils Anomaly 12.5 g/t Au 14.5 g/t Au 68.8 g/t Au 22.9 g/t Au 4 KM Rock +10 g/t Au 37
Slide 38: Outlaw Gold Target
OUTLAW GOLD TARGET Sediment-hosted gold mineralization near surface 2 km Strike Length 38
Slide 39: Sediment Hosted Outlaw Gold Zone
SEDIMENT HOSTED OUTLAW GOLD ZONE 2020 drill collars Pre-2020 drill collars THN19-159 37.78m of 1.23 g/t Au from 95.00m including 12.00m of 3.46 g/t Au, including 1m of 24 g/t Au A sediment hosted- intrusion related gold- silver zone Near surface Mineralization is hosted in multi-stacked sub- horizon
Slide 40: Trapper Gold Target
TRAPPER GOLD TARGET Visible Gold hole 11 40
Slide 41: Metla Copper Geochem
METLA COPPER GEOCHEM 2020 Metla acquisition further consolidating the 80km trend Metla hosts significant gold-copper mineralization at surface Trenching by Teck-Cominco in 1989 4.7% Cu 1.8 g/t Au 31 g/t Ag returned 4.6 g/t Au over 9m 41
Slide 42: Metla Radiometrics
METLA RADIOMETRICS Copper Geochem Th/K ratio 42
Slide 43: West Target Copper Geochem
WEST TARGET COPPER GEOCHEM 43
Slide 44: West Target Radiometrics
WEST TARGET RADIOMETRICS Copper Geochem Th/K ratio
Slide 45: East Target Copper Geochem
EAST TARGET COPPER GEOCHEM 45
Slide 46: Ranking of Property-Scale Targets
RANKING OF PROPERTY-SCALE TARGETS Intrusive textures – crowded porphyries with “stacked biotite” Chemical fertility – high Sr/Y and V/Sc Alkalinity – high-K optimal, followed by alkaline and low-K Mafic host rocks – chemical trap (and if massive, a physical trap as well) K alteration from radiometri
Slide 47: Thorn Next Steps
THORN NEXT STEPS Drilling at the Camp Creek/Trapper/Outlaw Zone to define resources Conduct airborne Mobile MT / Magnetics/radiometric surveys , geological and alteration mapping, geochronology studies Collect an additional 10,000 soil-rock samples property wide Conduct select high impact drilling f
Slide 48: Camp Creek & Outlaw Airborne Magnetics
CAMP CREEK & OUTLAW AIRBORNE MAGNETICS TALISKER ZONE OBAN ZONE IJTF GLENFIDDICH ZONE OUTLAW ZONE CHIVAS ZONE 48
Slide 49: 2013 SRK Structural Study
2013 SRK STRUCTURAL STUDY Dextral strike-slip fault system Magmatic-epithermal system intruded active N- trending Riedel fault system North-south master faults control on mineralization as well as intersection of NE and E-NE faults to form zones of dilation Maximum dilation in the NW/SE direction 49
Slide 50: Quartz-Barite Veins
QUARTZ-BARITE VEINS VEIN: low sulphidation in Amarillo Creek Mineralization: Quartz-barite with 1% pyrite and 1% tetrahedrite and visible gold Alteration: Sercite-alanite-illite-kaolinte Hosted by medium-grained feldspar-phyric porphyritic Thorn Stock Thought to be related to the unconformity Amaril
Slide 51: Brixton Metals Corporation
BRIXTON METALS CORPORATION 1-604-630-9707 email: info@brixtonmetals.com brixtonmetals.com Suite 551 – 409 Granville Street, Vancouver, BC, V6C 1T2 Canada 51