Brixton Metals provides an update on the Hog Heaven Copper-Gold-Silver Project,
Brixton Metals provides an update on the Hog Heaven Copper-Gold-Silver Project,
Montana, USA.
VANCOUVER, British Columbia, November 4, 2021 (GLOBE NEWSWIRE) - Brixton Metals
Corporation (TSX: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce
an update on the Hog Heaven Project which is currently being operated under a definitive earn-in
JV Agreement with Ivanhoe Electric Inc.[1], a privately-owned mineral exploration and development
company led by Chairman and CEO, Robert Friedland (see news release dated March 2nd, 2021).
The Hog Heaven Project is a high sulphidation epithermal copper-gold-silver project with porphyry
potential and historical production located in the state of Montana, USA.
Highlights
• Completed a 14,500-meter re-logging program of current and historic drill core
• Re-sampled approximately 2,600 pulp samples from historic drill holes at Flathead Mine and
Ole Hill (assays pending)
• Collected 337 soil samples and additional rock chip samples
• Confirmed and updated geological mapping across the district
• A 3D induced polarization (IP) survey along with a ground gravity survey was conducted over
the entire project
• Completed a Phase 1 Environmental Site Assessment (ESA)
Since the beginning of their work program in early 2021, Ivanhoe Electric has been focusing their
work campaign on re-logging and sampling of the well -preserved historic drill core with the goal of
re-classifying the historic mineral resources to NI 43-101 compliant standards . Additionally,
geophysical surveys have been completed to assist with identifying additional zones of high -grade
mineralization, as well as porphyry-style mineralization, throughout the district.
Click here for Figure 1. Brixton Metals Mineral Claim Holdings Map:
https://brixtonmetals.com/wp-content/uploads/2021/11/Fig-1-03112021.jpg
Click here for Figure 2. Hog Heaven Project Location Map:
https://brixtonmetals.com/wp-content/uploads/2021/11/Fig-2-03112021.png
Vice President of Exploration, Christina Anstey, stated, “We are encouraged to see the progress the
team at Ivanhoe Electric has been able to complete in such a short period of time. We look forward
to seeing the results of the on -going scoping study along with potential new discoveries that have
been outlined with the new detailed sampling and advanced geophysical surveys that were carried
out across the district.”
About the Hog Heaven Cu-Ag-Au Project – Montana, USA
The Hog Heaven Cu -Au-Ag Project is an advanced stage exploration property, which historically
produced high-grade silver, gold, and copper. Between 1913 and 1975, Anaconda Copper Mining
and lessees produced 6.7Moz Ag, 3,000 oz Au, 23M lbs Pb, and 0.6M lbs Cu from 0.23Mt of Direc t
Ship Ore, grading 29 opt Ag. The road accessible property is located in Flathead County, 55 miles
south-southwest of the town of Kalispell, northwestern Montana, USA.
On March 2, 2021, Brixton and HPX signed a USD$44.5 million definitive agreement for an 11 year
earn-in joint venture on the Hog Heaven Project to earn 75 pe rcent. The HPX agreement was
assigned to Ivanhoe Electric Inc.
Qualified Person
Mr. Gary R. Thompson, P.Geo., Chairman, CEO and Director of the Company who is a qualified
person as defined by National Instrument 43 -101, has reviewed, and approved the technical
information in this press release.
About Brixton Metals Corporation
Brixton Metals is a Canadian explor ation and development company focused on the advancement
of its mining projects toward feasibility. Brixton wholly owns four exploration projects: The Thorn
copper-gold-silver Project, the Atlin Goldfields Projects located in NW BC, the Langis-HudBay silver-
cobalt Project in Ontario, and the Hog Heaven silver -gold-copper Project in NW Montana, USA
(under option to Ivanhoe Electric Inc., see March 2, 2021 news release). Brixton Metals Corporation
shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB 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
Tel: 604-630-9707 or email: [email protected]
For Investor Relations, please contact:
Mitchell Smith, VP Investor Relations
Tel: 604-630-9707 or email: [email protected]
[1] On April 30, 2021, High Power Exploration Inc. (“HPX”), transferred its rights and assets, including assigning
the Hog Heaven Earn -In Agreement, to its affiliate company, Ivanhoe Electric Inc. under a contribution
agreement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve forward -looking statements under applicable securities laws.
Forward-looking s tatements 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, including statements that address potential quantity and/or grade of minerals, potential
size and expansion of a mineralized zone, propo sed timing of exploration and development plans, or other similar
expressions. All statements, other than statements of historical fact included herein including, without limitation, statements
regarding the use of proceeds. By their nature, forward-looking 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 addi tional risks identified in the annual
information form of the Company or other reports and filings with the TSXV 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 statements.