BBB.V · 2021-10-19 12:00:00

Brixton Metals Drills Copper Porphyry for 821m of 0.40% CuEq including 318m of 0.69% CuEq including 14m of 1.04% CuEq at the Camp Creek Target

Drill Results

Brixton Metals Drills Copper Porphyry for 821m of 0.40% CuEq including 318m of

0.69% CuEq including 14m of 1.04% CuEq at the Camp Creek Target

VANCOUVER, British Columbia, October 19, 2021 (GLOBE NEWSWIRE) - Brixton Metals

Corporation (TSX: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce

drill results from drill hole THN21 -184 at the Camp Creek Porphyry Target. The Camp Creek

Porphyry Target is one of 14 copper-gold-silver targets on the wholly owned 2600 square kilometer

Thorn Project, located in northwestern British Columbia, Canada about 95km ENE from Juneau, AK.

Highlights

• Hole 184 yielded 821m of 0.40% CuEq

o Including 318m of 0.69% CuEq

o Including 14m of 1.04% CuEq

• A 1.85m interval from 1175-1176.85m returned 89.3 g/t Au (cut to 10 g/t Au)

• Porphyry mineralization is open at depth and in all lateral directions

Vice President of Exploration, Christina Anstey, stated, “ Drill hole THN21-184 is an exciting follow

up to THN21-183, with more encouraging copper grades. The 89.3 g/t gold interval found at depth

in this hole is an exciting new development, as these gold grades are atypical of porphyry deposits.

For our next drilling campaign, we plan to drill deeper step outs with the goal of intercepting the

enriched core of the Camp Creek porphyry. The Camp Creek Target is considered a blind 1km by

2km porphyry target that remains largely untested through drilling.”

Click here for Figure 1. Thorn Project Location Map, Camp Creek Porphyry Target and Copper -

Geochemical:

https://brixtonmetals.com/wp-content/uploads/2021/10/Figure-1_19Oct2021-scaled.jpg

Drill hole T HN21-184 was collared west of THN21 -183. THN21-184 was drilled at a 315 degree

azimuth and a -82 degree dip to a total depth of 1198.25m. Hole 184 intercepted broad copper

dominant porphyry style mineralization with potassic alteration. The bottom of hole 184 is 286m from

hole 183 and both holes ended in porphyry copper -gold-silver-molybdenum mineralization (see

News Release dated August 9 th, 2021 on hole 183 that returned 976.52m of 0.36% CuEq including

550.52m of 0.51% CuEq including 117.00m of 0.73% CuEq). This news release concludes the drill

results from the 2021 Camp Creek Target drilling. Brixton completed 15 core holes for a total of

3107.34m at the Trapper Gold Target and initial drilling results are anticipated to be released early

to middle November 2021.

Click here for Figure 2. Camp Creek Drilling Plan Map:

https://brixtonmetals.com/wp-content/uploads/2021/10/Figure-2_19Oct2021-scaled.jpg

Table 1. THN21-184 Assay Results, Mineralized Composite Intervals.

Hole From

(m)

Interval

(m)

(%)

(g/t)

(ppm)

CuEq

THN21-

184

(315/-82)

377.00 1198.2

821.2

0.24 0.10 2.44 174.

0.40

Incl. 880.00 1198.2

318.2

0.42 0.17 3.87 294.

0.69

or Incl. 1180.0

1194.0

14.00 0.68 0.14 6.53 508.

1.04

NQ size core samples were cut in half and sampled predominantly at 2.0m intervals. All assay values are uncut

weighted averages except for sample B001572 from 1175.00m to 1176.85m that returned 89.3 g/t Au was cut

to 10 g/t Au. Intervals reflect drilled intercept lengths as further drilling is required to determine the true widths

of the mineralization. Copper Equivalent (CuEq) i s calculated based on US$ 3.72/lb Cu, US$ 1851.52/oz Au,

US$ 25.95/oz Ag, $US 14.00/lb Mo. These prices represent the approximate 1 year moving averages of metal

prices and calculations do not consider metals recoveries.

The formula is: CuEq % = Cu % + (0.72584 * Au g/t) + (0.01017 * Ag g/t) + (0.00038 * Mo ppm).

For further details on Cu-Au-Ag-Mo Assays for Hole 184 and 183 please see the following link:

https://brixtonmetals.com/wp-content/uploads/2021/10/Camp-Creek-Assays2.xlsx

Click here for Figure 3. Camp Creek Cross Section Looking North-East:

https://brixtonmetals.com/wp-content/uploads/2021/10/Figure-3_19Oct2021c.jpg

For a 3D model of the Camp Creek Copper Porphyry Target, please click this link:

https://youtu.be/Dw1NCbEpBfk

Click here for Figure 4. THN21-184 Histogram-Lithology-Cu-Au-Ag-Mo:

https://brixtonmetals.com/wp-content/uploads/2021/10/Figure-4_19Oct2021c-scaled.jpg

Click here for Figure 5. Photographs of Porphyry Mineralization at 961.8m and 1008.1m Depth,

Camp Creek:

https://brixtonmetals.com/wp-content/uploads/2021/10/Figure-5_19Oct2021.jpg

Click here for Figure 6. Porphyry Mineralization in Drill Core at 1067.8m and 1096.1m Depth, Camp

Creek:

https://brixtonmetals.com/wp-content/uploads/2021/10/Figure-6_19Oct2021.jpg

Click here for Figure 7. Porphyry Mineralization in Drill Core at 1106.5m and 1181.0m Depth, Camp

Creek:

https://brixtonmetals.com/wp-content/uploads/2021/10/Figure-7_19Oct2021.jpg

To view core photos of entire Hole 184 please see the following link:

https://brixtonmetals.com/wp-content/uploads/2021/10/THN21-184-0-1198.25_1.pdf

Gary R. Thompson, Chairman and CEO, stated “We are encouraged to see i ncreasing copper

grades at the Camp Creek Porphyry Target. Brixton plans to drill multiple deep holes with the aid of

wedges guided by geochemistry, geology and geophysics to target the enriched core of the porphyry

system. The Camp Creek Cu -Au-Ag-Mo Porph yry Target and the impressive gold -copper-silver

results we are seeing at the Trapper, Metla and Outlaw Targets, speaks to the metal endowment of

the system. We believe that the Thorn Project is host to multiple porphyry centers and we continue

to pursue high priority targets in our drill programs.”

About the Camp Creek Porphyry Target

The Camp Creek Target is located 6km from the main Thorn Camp-airstrip and approximately 95km

east-northeast from Juneau, Alaska. The Thorn Project is situated within the Tahltan and Taku River

Tlingit First Nation’s traditional territory. At surface, the Camp Creek target exhibits intense

epithermal-style alteration with associated high -sulfidation Cu-Ag-Au veins and breccias including

mineralized diatreme breccia. Drill hole THN19-150, which targeted the porphyry related to the Oban

diatreme returned 554.7m of 0.57 g/t Au, 0.24% Cu, 43.18 g/t Ag including 136m of 1.35 g/t Au,

0.31% Cu, 133.62 g/t Ag. Starting at a depth of 300 -400m from surface, calc -alkalic porphyry

mineralization occurs in several geochemically distinct porphyry phases, as defined by UBC’s

Mineral Deposit Research Unit. The strongest mineralization to date occurs in Porphyry X, a crowded

plagioclase porphyry of probable Cretaceous age, characterized by well -defined stacked biotite, a

feature typical of mineral -related porphyry phases. Mineralization is also hosted in Triassic Stuhini

Group sedimentary rocks, which are intruded by the porphyry phases. Only three holes to date have

reached depths of greater than 1000m. Earlier in 2021, Brixton drilled hole 183 that returned 976.52m

of 0.36% CuEq including 550.52m of 0.51% CuEq including 117.00m of 0.73% CuEq. The Camp Creek

Target is one of fourteen identified mineralized areas of interest along an 80km northwest trend within

the wholly owned 2600 square kilometer Thorn Project.

Quality Assurance & Quality Control

Quality assurance and quality control protocols for drill core sampling was developed by Brixton. An

independent quality assurance and quality control review for Au, Ag, Cu, Pb, Zn and Mo was

completed by Caroline Vallat, P.Geo., Geospark Consulting Inc. (author), which returned overall

strong accuracy and precision of the analy tical results. The gold, silver, copper, lead, zinc, and

molybdenum duplicate pair assay results are well correlated, and it is the author’s opinion that strong

precision is inferred within the reported analytical results. Core samples were mostly taken at 2.0m

intervals. Blank, duplicate (lab pulp) and certified reference materials were inserted into the sample

stream for at least every 20 drill core samples. Core samples were cut, bagged, zip -tied and sent

directly to ALS Minerals preparation facility in Whitehorse, Yukon. ALS Minerals Laboratories is

registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Samples were

analyzed at ALS Laboratory Facilities in North Vancouver, British Columbia for gold by fire assay

with an atomi c absorption finish, whereas Ag, Pb, Cu and Zn and 48 additional elements were

analyzed using four acid digestion with an ICP-MS finish. Standard instances analyzed with the 2021

Thorn samples have been reviewed and the independent author’s opinion is that there is inferred

strong accuracy within the primary gold, silver, copper, lead, zinc, and molybdenum assays. The

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