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Brixton Metals Corporation (BBBXF)

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Previous Close0.2100
Open0.2100
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.2100 - 0.2532
52 Week Range0.0500 - 0.3250
Volume750,763
Avg. Volume279,896
Market Cap33.036M
Beta (5Y Monthly)1.58
PE Ratio (TTM)N/A
EPS (TTM)N/A
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  • Brixton Metals Samples 68.8 g/t Gold at its Thorn Project in the Golden Triangle and Announces an Upsized and Fully Subscribed $5,500,000 Private Placement
    GlobeNewswire

    Brixton Metals Samples 68.8 g/t Gold at its Thorn Project in the Golden Triangle and Announces an Upsized and Fully Subscribed $5,500,000 Private Placement

    Figure 1 Plan Map of the Outlaw Gold Target Area within Thorn Mineral Claims Figure 2 Gold-in-soil and (Gold-in-rock greater than 1 g/t Au) at the Outlaw Zone Figure 3 Outlaw Gold Zone Drill Targets 2020VANCOUVER, British Columbia, July 29, 2020 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) provides an update on its Thorn Project exploration activities. Ongoing soil geochemical surveys and rock sampling has returned gold values up to 68.8 g/t Au from the West Outlaw target area where preparation for drilling has started. Due to strong investor demand Brixton is pleased to announce it has increased its offering and is now fully-subscribed on its non-brokered private placement of a combination of units and flow-through shares of the Company for gross proceeds of up to C$5,500,000 (the "Offering") as further described in its news release dated July 24, 2020.Since June 2020, Brixton has collected 4,480 soil samples and 763 rock samples across several large-scale copper and gold targets on the Thorn Project. The Company completed 12km of IP geophysical surveys, which is the extension of the 2019 survey and two deep downhole IP geophysical surveys over the Camp Creek Porphyry target. Gold results to date from the Outlaw target are reported here and copper results will be reported in a separate news release upon interpretation of the geophysical and geochemical data and as it becomes available.So far this season, a total of 972 soils and 39 rocks samples were collected over the Outlaw Target area. Four of the 39 rock samples returned greater than 2 g/t Au and two rock samples returned greater than 10 g/t Au, as 14.5 g/t Au and 68.8 g/t Au respectively. No drilling has been done in the Outlaw West area, which is a 1,000m by 500m gold-in-soil anomaly (see Figure 2 and 3 for soil contour plots).Click here for Figure 1. Plan Map of the Outlaw Gold Target Area within Thorn Mineral ClaimsFrom the 972 soil samples collected at the Outlaw zone, 257 samples returned greater than 30 ppb Au, 96 samples returned greater than 100 ppb Au and 11 samples were greater than 1,000 ppb Au. All of the 11 soil samples greater than 1,000 ppb Au are concentrated at the West Outlaw area. Please see gold-in-soil plots in Figure 2 and 3 below.Chairman and CEO of Brixton, Gary R. Thompson stated, “Our boots on the ground approach this season at the Thorn project is paying off with strong gold and copper numbers from several new target areas and the expansion of the Outlaw West target is looking very promising for high grade gold mineralization. We are now gearing up for drilling at the Outlaw West Gold target as we continue to generate new large-scale copper-gold targets on the district scale project.”Click here for Figure 2. Gold-in-soil and (Gold-in-rock greater than 1 g/t Au) at the Outlaw ZoneAn estimated 10 drill core holes are planned for 2500m to 3000m at the Outlaw Gold Target.  See Figure 3 below for proposed drill site locations.Click here for Figure 3. Outlaw Gold Zone Drill Targets 2020The Company is on track to complete its planned 10,000 soils and 1,000 rock sample program this season at the Thorn Project. Further geophysical surveys are planned subject to favorable weather conditions. Further drilling is planned for the balance of the season and is subject to refinement of field mapping, geochemistry and geophysical surveys. In addition to the blind porphyry target at Camp Creek which remains to be fully drill tested, the Company believes that multiple new discoveries can be made within the district scale system. Private Placement UpdateDue to strong demand, Brixton has increased its previously announced private placement to gross proceeds of $5,500,000, consisting of a combination of units and flow-through shares of the Company (the "Offering"). Each unit (a “Unit”) is being offered at a price of C$0.25 and will be comprised of one common share of the Company and one common share purchase warrant (a "Warrant"). Each flow-through share is being offered at a price of C$0.28 and will be comprised of one common flow-through share of the Company.  Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of C$0.35 for a period of 36 months from the date of closing of the Offering. The Offering is scheduled to close on or about August 12, 2020, and is subject to receipt of all necessary approvals including the approval of the TSX Venture Exchange.About the Outlaw Gold ZoneThe Outlaw Zone represents a 4km sediment-hosted gold-silver target. Mineralization is at or near surface and is hosted within multiple stacked horizons of considerable thickness of sub-horizontal sediments as interbedded siltstone-graywacke with both stratigraphic and structural controls. The consistent nature of the gold mineralization is thought to be associated with the Jurassic aged rhyodacite dykes. Early exploration work on the Outlaw Zone was conducted by Chevron’s Mineral Division in the 1980’s which entailed soil and rock geochemical surveys, trenching and a few drill holes. Brixton has drilled a limited number of core holes at broadly spaced centres for about 450m of continuous strike within the 4km trend with consistent results. Mr. Gary R. Thompson, P.Geo., who is a qualified person as defined by National Instrument 43-101, reviewed and approved the information in this press release.About Brixton Metals CorporationBrixton is a Canadian exploration 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 NWBC, the Langis-HudBay silver-cobalt Project in Ontario and the Hog Heaven silver-gold-copper Project in NW Montana, USA. 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 DirectorsMr. Gary R. Thompson, Chairman and CEO Tel: 604-630-9707 or email: info@brixtonmetals.com For Investor Relations, please contact:Mitchell Smith, VP Investor Relations Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com 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 statements 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, proposed 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 additional 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.Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/2e7336c7-41da-4baa-a1e8-f146b711f106https://www.globenewswire.com/NewsRoom/AttachmentNg/0b578d61-bcb9-4d80-b949-7760f72658e5https://www.globenewswire.com/NewsRoom/AttachmentNg/e0e7e578-992f-4051-b496-4d7481b1238f

  • GlobeNewswire

    Brixton Metals Announces $4,000,000 Private Placement

    Not for distribution to United States Newswire Services or for dissemination in the United StatesVANCOUVER, British Columbia, July 24, 2020 (GLOBE NEWSWIRE) -- Brixton Metals Corp. (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce a non-brokered private placement of a combination of units and flow-through shares of the Company for gross proceeds of up to C$4,000,000 (the "Offering"). Each unit (a “Unit”) is being offered at a price of C$0.25 and will be comprised of one common share of the Company and one common share purchase warrant (a "Warrant"). Each flow-through share (a “FT Share”) is being offered at a price of C$0.28 and will be comprised of one common flow-through share of the Company.  Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of C$0.35 for a period of 36 months from the date of closing of the Offering.The gross proceeds from the issuance of the FT Shares will be used for “Canadian exploration expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced to the subscribers with an effective date no later than December 31, 2020 to the initial purchasers of the Offered Securities in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares, as applicable, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT Shares subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures as agreed.The net proceeds from the private placement of Units and the gross proceeds from the private placement of FT Shares shall be primarily used for exploration activities and for general working capital purposes.The closing of the Offering is expected to occur on or about August 12, 2020 and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange (the “TSXV”). The Units and FT Shares, including all underlying securities thereof, and any finders warrants issued with respect to the Offering, will be subject to a hold period of four months and one day in accordance with applicable securities laws.  Red Cloud Securities Inc. is acting as a finder in connection with the Offering.This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.About Brixton Metals CorporationBrixton is a Canadian exploration and development company focused on the advancement of its gold, silver and copper projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields projects located in NWBC, the Langis-HudBay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.On Behalf of the Board of DirectorsMr. Gary R. Thompson, Chairman and CEO Tel: 604-630-9707 or email: info@brixtonmetals.com For Investor Relations, please contact:Mitchell Smith, VP Investor Relations Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com Cautionary Note 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 statements 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, proposed timing of exploration and development plans, or other similar expressions. All statements including statements in respect of regulatory approval, the proposed closing date and the expected size of the Offering, 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 additional 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.

  • GlobeNewswire

    Brixton Metals Drills 1,885.00 g/t Ag, 4.68 g/t Au, 15.20% Cu over 0.97m within 82.00m of Sulphide Mineralization at its Hog Heaven Project

    VANCOUVER, British Columbia, July 21, 2020 -- Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) announces final drill results from its maiden drill program at.