Brixton Metals Announces Start of Drilling at its Atlin Goldfields Project
Brixton Metals Announces Start of Drilling at its Atlin Goldfields Project
VANCOUVER, British Columbia, May 5, 2026 (GLOBE NEWSWIRE) - Brixton Metals Corporation
(TSX-V: BBB, OTCQX: BBBXF) (the “Company” or “Brixton”) announces that drilling has begun
at its Atlin Goldfields Project, located in Northwest British Columbia . Eldorado Gold Corporation
(“Eldorado”) has a path to one hundred percent ownership as per the Earn -in Option Agreement in
the Company’s News Release dated July 16, 2024, at the following link: Option Agreement
Following a property-wide assessment utilizing geological, geophysical and geochemical datasets
created and expanded between 2024-2026, Brixton will complete initial drill testing of new ly
identified, structurally-focused targets in the Yellowjacket area. The drill targets are outside of
previously drill -tested areas on Pine Creek , leveraging a new geological model for controls on
mineralization. The current drill plan is for approximately 6-10 drillholes for a total of 2500m-3000m.
Chairman and CEO, Mr. Gary R. Thompson stated, “It’s great to see the At lin Goldfields Project
receiving some drilling attention. We are looking forward to the results from this initial drill program.
While the goldfields of Atlin have been producing placer gold since 1898, very limited hard rock
exploration have been conducted within this mining camp.”
About the Atlin Goldfields Project
The Atlin Goldfields Project is road accessible near the town of Atlin, BC and approximately a 2-hour
drive from Whitehorse, Yukon. Since 2016, and over a 3 -year period, Brixton consolidated a 579
square kilometer claim group with a focus on locating the hard rock source of the wide-spread placer
gold. The Atlin Goldfields Project covers several orogenic and intrusion -related gold targets. The
Atlin gold camp has been producing gold for 125 years and is the second largest placer gold producer
in British Columbia with a reported 600,000 ounces of gold produced between 1898 and 1945. An
estimated additional 400,000 ounces of gold have been produced since the record keeping ceased
in 1946 (Ash 2001). The two major placer producing creeks (Pine and Spruce) and many of the other
productive creeks are located within the Atlin Goldfields Project. The Atlin gold camp holds the
provincial record for the largest gold nugget, which weighed 2.6 kg (85 ounce) and was discovered
on Spruce Creek (BCGS Paper 2017-1, p.179-193).
Rock samples of coarse-grained quartz veins have returned values of up to 293 g/t and 518 g/t gold
from the LD Showing and 53.60 g/t gold and 45 g/t gold from the Union Mountain Showing. Historical
diamond drilling at the Yellowjacket Target has returned up to 509.96 g/t gold over 5.57m. Brixton’s
drilling in 2023 returned 35m of 0.77 g/t gold including 19m of 1.34 g/t gold including 0.45m of 38.10
g/t gold at the Yellowjacket Target. In 2019, Brixton drilled 8.53 g/t gold over 2.00m at the LD
showing.
Qualified Person (QP)
Gary R. Thompson, P.Geo., is a Senior Geologist, President, Chairman, CEO and Director for the
Company who is a qualified person as defined by National Instrument 43 -101. Mr. Thompson has
verified the referenced data disclosed in this press release and has approved the technical
information presented herein.
About Brixton Metals Corporation
Brixton Metals is an exploration company focused on the advancement of its mining projects. Brixton
wholly owns four exploration projects: Brixton’s flagship Thorn copper -gold-silver-molybdenum
Project, the Hog Heaven copper -silver-gold Project in NW Montana, USA, which is optioned to
Ivanhoe Electric Inc., the Langis -HudBay silver Project in Ontario and the Atlin Goldfields Project
located in northwest BC which is optioned to Eldorado. Brixton Metals Corporation shares trade on
the TSX-V under the ticker symbol BBB, and on the OTCQ X under the ticker symbol BBBXF. For
more information about Brixton, please visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
For Investor Relations inquiries, please contact: Mr. Michael Rapsch, VP Investor Relations. email:
[email protected] or call: 604-630-9707
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