Brixton Metals Expands Thorn Project with New Mineral Claims
Brixton Metals Expands Thorn Project with New Mineral Claims
Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) has expanded its footprint at the Thorn Project, securing a 100% interest in mineral claims covering 6,446 hectares. These claims, which were previously outside Brixton’s control, sit northwest of the well-known Golden Bear Mine and add ground the company can now explore directly.
Details of the Acquisition
Brixton is acquiring the claims under a Purchase and Sale Agreement with private, arm’s-length vendors. To complete the deal, the company will pay CAD$75,000 and issue 1,250,000 common shares, with closing subject to approval by the Exchange. The structure is straightforward—cash, shares, and a clear path to fold these new claims into the broader Thorn Project.
Royalty Agreement
As part of the transaction, the vendors will receive a one percent Net Smelter Royalty Return (NSR). Brixton retains the option to buy down 50% of this NSR for CAD$1,000,000 any time before commercial production, preserving flexibility as the project advances.
Comments from Leadership
Gary R. Thompson, Brixton’s Chairman and CEO, framed the acquisition in the context of district-scale potential: “We are excited to further consolidate the Thorn Project by adding more gold potential to the copper porphyry district play. Follow-up exploration work is planned on these newly acquired claims to define drill targets.” The message is clear: bring more ground under one roof, test what’s there, and turn targets into drill-ready prospects.
Exploration and Historical Context
Early exploration at Thorn has already outlined several gold-in-soil geochemical anomalies. These are not isolated blips on a map; they sit near areas known for high-grade gold production, making them natural candidates for detailed follow-up. Soil anomalies don’t prove a deposit on their own, but they do help focus boots-on-the-ground work and, ultimately, drilling.
Historical Data
Past operators in the region, including Chevron and Homestake, documented notable results. Historical sampling recorded gold values greater than 20 ppb, with standout samples reaching as high as 124.85 g/t gold. While historical data needs to be verified under current standards, it provides important context and a solid launching point for Brixton’s next phase of exploration.
Current Mining Context
The nearby Golden Bear Mine produced gold from 1990 to 2001. Today, the site is owned by Newmont Corporation and is focused on remediation and reclamation. The Golden Bear deposits are classified as Carlin-type and low sulphidation gold deposits—helpful analogs when thinking about regional geology and potential deposit styles.
Significant Finds
Within the Golden Bear area, the Bear Main Zone was historically reported to host a proven and probable reserve of 1.2 million tonnes at 12 g/t gold, based on a 1987 reserve estimate. In the years that followed, additional discoveries helped confirm the mineral endowment of the district. These data points, while historical, explain why fresh exploration nearby continues to draw attention.
Future Opportunities
The newly acquired claims do not currently host established mineral reserves or resources. They are early-stage exploration targets—areas with intriguing geological signals and underground potential that warrant systematic work. As always in exploration, there is no guarantee that further work will uncover a resource, but the combination of anomalies, proximity to past production, and a growing land position makes the case for continued field programs.
Qualified Expertise
The technical information in this announcement has been reviewed by Mr. Gary Thompson, P.Geo., Brixton’s CEO and a qualified person as defined by National Instrument 43-101. His oversight supports the reliability of the data and interpretations presented here.
About Brixton Metals Corporation
Brixton Metals is a Canadian exploration company focused on advancing a portfolio of wholly owned and optioned projects. Its flagship Thorn Project targets copper-gold-silver-molybdenum. The company also holds the Hog Heaven copper-silver-gold Project in NW Montana, which is optioned to Ivanhoe Electric Inc. In Ontario, Brixton owns the Langis-HudBay silver-cobalt-nickel Project, and in northwest BC it holds the Atlin Goldfields Project, currently optioned to Eldorado Gold Corporation. Together, these projects provide multiple shots on goal across established mining jurisdictions.
Contact Information
For investor relations inquiries, please contact Mr. Michael Rapsch, Senior Manager, at Tel: 604-630-9707. Brixton Metals Corporation remains committed to clear communication and regular updates for its stakeholders.
Frequently Asked Questions
What did Brixton Metals just acquire at the Thorn Project?
The company secured a 100% interest in mineral claims totaling 6,446 hectares, adding ground northwest of the Golden Bear Mine that was not previously part of Brixton’s land position.
How is the purchase structured?
Brixton will pay CAD$75,000 in cash and issue 1,250,000 common shares to the vendors, subject to Exchange approval. The vendors will also receive a one percent NSR, with a 50% buy-down option for CAD$1,000,000 before commercial production.
Why does the Golden Bear Mine matter here?
Golden Bear produced gold from 1990 to 2001 and sits near Brixton’s new claims. Its history, deposit styles (Carlin-type and low sulphidation), and past estimates help frame the geological potential of the broader area.
What exploration signals support further work?
Brixton has identified several gold-in-soil anomalies near known high-grade production areas, and historical work by operators like Chevron and Homestake reported gold values above 20 ppb, with some samples up to 124.85 g/t gold.
Who reviewed the technical details in this update?
Mr. Gary Thompson, P.Geo., Brixton’s Chairman and CEO, is the qualified person under NI 43-101 who reviewed and approved the technical information disclosed.
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