VANCOUVER, BC–(Marketwired – May 10, 2016) – Brixton Metals Corporation (TSX VENTURE: BBB) (the “Company” or “Brixton“) is pleased to announce that it has entered into an Exploration Agreement (the “Agreement”) dated May 2, 2016 with Timiskaming First Nation (“TFN”) with respect to the Company’s Langis Silver project and other Cobalt lands. The Agreement is based on mutual respect and openness and sets the framework for advancing a long-term relationship while working in good faith to negotiate an Economic Benefits Agreement, should Brixton define an economic mineral deposit within the TFN traditional lands. The Agreement includes employment, business and training opportunities for TFN members and an annual Community Contribution based on exploration budgets.
Timiskaming First Nation Chief Terence McBride stated, “Timiskaming First Nation is pleased to welcome Brixton Metals to the territory and look forward to an on-going relationship with a Company that respects both TFN’s aboriginal rights and our commitment to both protecting the environment and sustainable development.”
Chairman and CEO of Brixton, Gary R. Thompson stated, “We are very happy with the cooperation and support that we have received from the TFN with our proposed activities in the region. We believe that this milestone agreement provides Brixton a clear path to its project development within the TFN traditional territory.”
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its projects toward feasibility. Brixton wholly owns two exploration projects, the Langis Silver project and the Thorn gold-silver project.
About Langis
The Langis project, including other lands in the Cobalt Camp is about 3,200 hectare in size. The project is located 500 km north of Toronto, Canada. The high-grade silver mineralization occurs as steeply-dipping veins within any of the three main rock types; Archean volcanics, Coleman Member sediments and Nipissing diabase. The unmined Langis zone intersected by drilling: 19,229 g/t Ag over 0.49 metres, 1,550 g/t Ag over 9.4 metres and 1,262.80 g/t Ag over 3.9 metres. Past production at Langis was 10.4 Moz Ag at a recovery grade of 25 oz/t Ag. A preliminary video for Langis is at the following link: https://youtu.be/8EvToTSCZTk
About Thorn
The 28,000 hectare Thorn Project is located in the Sutlahine River area of northwestern British Columbia, Canada, approximately 105 km ENE from Juneau, AK. The Thorn project hosts a district scale Triassic to Cretaceous volcano-plutonic complex with several styles of mineralization related to porphyry and epithermal environments. Targets include sediment hosted gold-silver, high-grade Ag-Au-Pb-Zn bearing diatreme-breccia, high-grade Au-Ag-Cu veins and volcanic hosted structurally controlled high-grade gold-silver. Brixton has established a maiden inferred resource of 21.5Moz AgEq from 7.4 Mt at 89.75 g/t AgEq. Further information regarding the resource estimates, can be found on the in the Company’s technical report prepared by SRK Consulting dated December 12, 2014 and filed on SEDAR. Read more at http://brixtonmetals.com/thorn-technical-reports/
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 Directors
Mr. Gary R. Thompson, Chairman and CEO
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.
Mr. Gary R. Thompson
Chairman and CEO
604-630-9707
[email protected]
