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VANCOUVER, British Columbia, Jan. 08, 2020 (GLOBE NEWSWIRE) —



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Dear Shareholders and Investors,

The accomplished year was an agitative time for Brixton Metals, breadth we accomplished 9,642m amid the Thorn and Atlin Projects and aloft added than $10M in what charcoal a arduous bazaar for inferior analysis companies. We acknowledge you for your abutment and abiding optimism as we abide to alleviate the abundance of amount and accomplish new discoveries on our wholly endemic projects.

Our antecedence is creating actor value, which is steeped in accepting gold, argent and chestnut assets at a analytic low cost. Through a analytical analysis process, we intend to alleviate amount as we beforehand them to feasibility.



Highlights from 2019

The Thorn Activity amid in the arctic tip of BC’s Golden Triangle accustomed best of our absorption during the assignment season, breadth efforts were fabricated to locate one or added of the porphyry centers. Drill aperture THN19-150 was accomplished to 829m in depth, which alternate 554.70m of 1.97 g/t AuEq (0.57 g/t Au, 0.24% Cu, 43.18 g/t Ag, 0.55% Zn, 0.28% Pb), including 135.96m of 5.00 g/t AuEq (1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag, 1.61% Zn, 0.89% Pb). See Brixton Metal’s Press Release, anachronous July 15, 2019 for complete results. Aperture 150 ranks amidst the best assignment intercepts globally of 2019. The Thorn Activity mineral affirmation amalgamation was added to 2,300 aboveboard kilometers.

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A new affected was accustomed at Brixton Metals’ Atlin Goldfields Activity followed by prospecting, soil-geochemical, alluring geophysical surveys and drilling. This assignment articular a new breadth of absorption with a 45 g/t Au bedrock grab sample(1) from Union Abundance and conduct at the LD Area alternate 2m of 8.5 g/t Au. See Brixton Metals’ Press Release, anachronous September 16, 2019 for complete results. 

2020 Outlook

We anticipate a three-pronged access to unlocking amount for shareholders during 2020. We plan to abide analysis activities with our accepted treasury of $5.5M, seek M&A opportunities, and defended JV partnerships with chief companies.

2020 marks Brixton Metals’ 10 year ceremony of its TSX Venture Exchange listing. A ardent “thank you” to the bodies who accept contributed to our success. We attending advanced to breeding agitative new after-effects from our aerial appulse analysis projects this year.

We will be announcement at the Vancouver Ability Investment Appointment on January 19 & 20 and will be presenting at 11:20 a.m. on January 20th. Added advice can be begin by clicking this link.

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Please feel chargeless to ability out to us or appointment us at the appointment booth.

Thank you

Sincerely,

Gary R. Thompson, P.GeoPresident, CEO, Chairman, Director, [email protected]

Mr. Sorin Posescu, P.Geo, Vice President Analysis for Brixton Metals and a Qualified Person as authentic beneath National Instrument 43-101 standards has advised and accustomed the abstruse advice in this account release.

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All appear assignment assays are uncut abounding averages and represent accomplished amount lengths. The accurate amplitude of appear mineralization is alien at this time. Gold Equivalent ethics (AuEq) were affected application the blueprint AuEq = ($1,250.00 x Au g/t ÷ 31.10 $15.40 x Ag g/t ÷ 31.10 $2.80 x % Cu ÷ 100 x 2204.63 $0.90 x % Pb ÷ 100 x 2204.63 $1.25 x % Zn ÷ 100 x 2204.63) ÷ $1,250 x 31.10. This adjustment assumes abounding metal recoveries as metallurgical assignment has not been conducted.

Note (1): This is a baddest sample and is not adumbrative of the mineralization hosted on the property.

Note (2): The achievability abstraction was completed above-mentioned to accomplishing of National Instrument 43-101 Standards of Acknowledgment for Mineral Projects (“NI 43-101”) and based on design drilling. While Brixton considers the abstraction to be accordant to investors as it may announce the attendance of mineralization, a QP for Brixton has not done acceptable assignment to allocate the absolute estimates as accepted mineral assets as authentic by NI 43-101 and Brixton is not alleviative these absolute estimates as a accepted mineral resource.

Note (3): The Qualified Person (“QP”) for Brixton cannot verify the assignment after-effects appear in the table above. The absolute area of the assignment cores from the affairs is anon alien and they accept not been inspected by the QP, and accordingly Brixton has not undertaken any re-logging, resampling or analysis assays; however, Brixton has no acumen to agnosticism the after-effects and considers the after-effects accordant and acceptable for disclosure. Data from the aloft assignment after-effects are absolute after-effects and it is alien what blazon of quality-control programs were performed at the time. The QP additionally advises that accurate amplitude of the aloft after-effects cannot be bent at this time.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.

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Information set alternating in this account absolution may absorb advanced statements beneath applicative balance laws. Advanced statements are statements that chronicle to future, not past, events. In this context, advanced statements generally abode accepted approaching business and banking performance, and generally accommodate words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an activity or accident “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that abode abeyant abundance and/or brand of minerals, abeyant admeasurement and amplification of a mineralized zone, proposed timing of analysis and development plans, or added agnate expressions. All statements, added than statements of absolute actuality included herein including, after limitation, statements apropos the use of proceeds, By their nature, advanced statements absorb accepted and alien risks, uncertainties and added factors which may account our absolute results, achievement or achievements, or added approaching events, to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by such advanced statements. Such factors include, amid others, the afterward risks: the charge for added financing; operational risks associated with mineral exploration; fluctuations in article prices; appellation matters; and the added risks articular in the anniversary advice anatomy of the Company or added letters and filings with the TSXV and applicative Canadian balance regulators. Advanced statements are fabricated based on management’s beliefs, estimates and opinions on the date that statements are fabricated and the Company undertakes no obligation to amend advanced statements if these beliefs, estimates and opinions or added affairs should change, except as appropriate by applicative balance laws. Investors are cautioned adjoin advertence disproportionate authoritativeness to advanced statements.

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Last Updated: January 14th, 2020 by admin
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