brixton presentation 2015 june

34
TSX-V: BBB www.brixtonmetals.com www.brixtonmetals.com Corporate Presentation June 2015

Upload: brixton-metals-corporation

Post on 21-Jun-2015

64 views

Category:

Investor Relations


1 download

DESCRIPTION

Brixton Metals Corporate Presentation

TRANSCRIPT

Page 1: Brixton presentation 2015 June

TSX-V: BBB www.brixtonmetals.com

www.brixtonmetals.com

Corporate Presentation June 2015

Page 2: Brixton presentation 2015 June

Information set forth in this presentation involves forward-looking statements, including but not limited to

comments regarding timeline, predictions and projections. 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, or other similar expressions. 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 TSX Venture Exchange 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.

The information on deposits discussed in this document have been obtained from the websites of the

respective companies

2

SAFE HARBOUR STATEMENT

Page 3: Brixton presentation 2015 June

• Mission: To advance high-grade gold-silver zones to feasibility.

• Experienced management team with a proven track record of building companies

• Strategic investment from Hecla Mining and Rob McEwen (Evanachan Limited)

• 100% ownership of the Thorn Property with a broad corridor of mineralization

• SRK inferred resource estimate on 15,000m of drilling: 21.5 million ounce AgEq (8.4

Moz Ag, 0.13M oz Au, 9.3 Mlbs Cu, 29.3 Mlbs Pb and 55.1 Mlbs Zn) with 89.75 AgEq

average grade

ALL ZONES REMAIN OPEN FOR EXPANSION

• Oban zone drill result: 95.08m of 1.71 g/t Au, 628 g/t Ag (breccia-diatreme)

• Outlaw zone drill result: 59.65m of 1.15 g/t Au, 5.64 g/t Ag (sediment hosted)

• Talisker zone drill result: 49.78m of 1.41 g/t Au, 19 g/t Ag (HS Vein-breccia)

• Glenfiddich zone drill result: 6.5m of 2.55 g/t Au, 583 g/t Ag (HS Vein-breccia)

WHY BRIXTON METALS ?

3

Page 4: Brixton presentation 2015 June

GARY R.THOMPSON P.GEO., CHAIRMAN & CEO

• Co-Founder of Brixton Metals Corporation 2010

• Nearly 30 years in exploration for precious/base

metals, geothermal energy & Oil & Gas

• Discovered and sold TAG Au-Ag prospect

• Former Project Geologist for Novagold Resources,

Newmont Mining and Encana Corporation

• Sold Sierra Geothermal Power to RAM Power in 2010

• Led financings totaling $65M since 2006

CALE MOODIE BSF, CA, CPA, CFO & DIRECTOR

• Co-founder of Brixton Metals Corporation 2010

• Former CFO of Underworld Resources (TSX-V:UW)

sold to Kinross in 2010

• 15 years in public markets

• CFO of Full Metal Minerals (TSX-V:FMM)

• Involved in $80M in public company financings

• Former KPMG auditor of junior resource companies

SORIN POSESCU P Geo., VP EXPLORATION

• 20 years experience in resource exploration

• Former senior project geologist with NovaGold

• Chief geologist for Sierra Geothermal Power

• Project geologist for OMV-PETROM (10 years)

4

CARRIE SIKMAN BA (Hons), VP INVESTOR RELATIONS

• 6 Years in international sales and marketing

• Brixton employee since 2011, assisting in several

non-brokered financings

GEORGE SALAMIS B.Sc., GEOLOGIST, DIRECTOR

• CEO of Edgewater Exploration (TSX-V:EDW)

• Former President of Rusoro Mining (TSX-V:RML)

• 22 years experience in exploration and mining

including Placer Dome

• Proven record in raising equity ($800M) and M&A

transactions worth $1Billion

IAN BALL B.Com, DIRECTOR

• Previously President of McEwen Mining Inc.,

• Management of production and exploration

throughout Mexico, Argentina and Nevada.

• Credited with leading the team that built the El Gallo

1 mine and making the El Gallo 2 discovery.

• Began his career with Goldcorp in 2004

DON POIRIER B.Sc, DIRECTOR

• VP Corporate Development of Hecla Mining Co.

• 30 years experience in mining and finance

• Close to 20 years as mining analyst for various firms

MANAGEMENT & DIRECTORS

Page 5: Brixton presentation 2015 June

Exchange: Price Symbol $0.12 /share TSX-V: BBB

Shares Outstanding 11,490,876

Options 35,000

Warrants 1,323,311

Fully Diluted 13,841,908

Market Capitalization $1.4 Million

Cash (as at 31 March 2015) $0.8 Million

5

Institutional

and Retail

Hecla Mining

19.8%

Rob McEwen

8.8%

Management

9.4%

• Strong and seasoned management

team experienced in building

companies

• Proven success with raising capital in

challenging market conditions

• Excellent opportunity for shareholders

to benefit from explosive upside

potential

SHARE STRUCTURE

Page 6: Brixton presentation 2015 June

THORN PROJECT LOCATION

6

Thorn Claims

Thorn Claims 28,000 Ha

100% owned in good standing

for 10 years

Page 7: Brixton presentation 2015 June

Highlights: Maiden Inferred Resource of 21.5Moz AgEq on 15,160m drilled.

Four mineralized zones are open for expansion

Oban zone drill result: 95.08m of 1.71 g/t Au, 628 g/t

Talisker zone drill result: 49.78m of 1.41 g/t Au, 19 g/t Ag

Glenfiddich zone drill result: 6.50m of 2.55 g/t Au, 583 g/t Ag

Outlaw zone drill result: 59.65m of 1.15 g/t Au, 6 g/t Ag (new 2014)

7

RESOURCE HIGHLIGHTS

DepositTonnage

x 1000

Grade

AgEq (g/t)

Grade Ag

(g/t)

Grade Au

(g/t)

Grade Cu

(%)

Grade Pb

(%)

Grade Zn

(%)

Metal AgEq

Oz x 1000

Metal Ag

Oz x

1000

Metal Au

Oz x

1000

Metal Cu

Lbs x

1000

Metal Pb

Lbs x

1000

Metal Zn

Lbs x

1000

In-Pit 3,700 105.07 50.82 0.40 NA 0.31 0.58 12,500 6,000 50 NA 25,200 47,500

Underground 500 113.84 50.51 0.46 NA 0.37 0.67 1,900 800 10 NA 4,100 7,600

Glenfiddich In-Pit 1,100 57.78 16.01 0.48 0.13 NA NA 2,100 600 20 3,200 NA NA

Talisker In-Pit 2,100 73.77 15.29 0.75 0.13 NA NA 5,000 1,000 50 6,100 NA NA

Total 7,400 89.75 35.54 0.51 0.13 0.32 0.59 21,500 8,400 130 9,300 29,300 55,100

2.       Dollar and Silver Equivalents are based on US $20 Silver, $1200 Gold, $3 Copper, $1 Lead, and $1 Zinc, w ith metal recoveries of 90%. Copper is not included in the Oban estimates.

Lead and zinc are not included in the Glenfiddich and Talisker estimates.

Inferred Mineral Resource Statement, Thorn Project, British Columbia, SRK Consulting (Canada) Inc., October 28, 2014.

In-Situ Grade Contained Metal

Oban

1.       The in-pit portion is reported at a dollar equivalent cut-off value of US $15 per tonne w ithin a Whittle shell and $50 per tonne for an underground portion of the Oban deposit. The

Whittle shells w ere designed based on a slope angle of 55 degrees and 90% recovery for all metals. The block models are 10 x 10 x 10 m, 5 x 10 x 5 m, and 5 x 10 x 5 m for Oban,

Glenfiddich, and Talisker respectively. The Whittle shell for Oban does not include Copper. The Whittle shells for Glenfiddich and Talisker do not include Lead or Zinc.

Page 8: Brixton presentation 2015 June

OBAN: In pit inferred: 3.7Mt of 105.07 g/t AgEq for 12.5Moz AgEq

Underground inferred: 0.5Mt of 113.84 g/t AgEq for 1.9Moz AgEq

GLENFIDDICH: In pit inferred: 1.1Mt

of 57.78 g/t AgEq for 2.1Moz AgEq

TALISKER: In pit inferred: 2.1Mt

of 73.77 g/t AgEq for 5.0Moz AgEq

265 g/t Au

631 g/t Ag

20.5 g/t Au

OUTLAW ZONE

uTMV: Upper Triassic, Mafic Volcanics

uKPO: Late Cretaceous

, Diorite Porphyry

uKIN2b:

Late Cretaceous

uKIN2:

Late Cretaceous

GEOLOGY & STRUCTURE

uKSV: Late Cretaceous

IJTF:

Lower to Middle

Jurassic

\

57 g/t Au

89 g/t Ag (rock)

uTMS: Upper Triassic

AMARILLO AREA

ABERLOUR AREA

11.0 g/t Au,

12.7 g/t Ag, 11.4 g/t Te

10.1 g/t Au

CHIVAS AREA

OUTLAW AREA

8

unconformity

Page 9: Brixton presentation 2015 June

BLOCK MODELS

Oban: 12.5 Moz AgEq (in pit)

1.9 Moz AgEq (UG)

Talisker: 5.0 Moz AgEq (inpit)

Glenfiddich: 2.1 Moz AgEq (in pit)

TOTAL 21.5 Moz AgEq

Estimated blocks 3D with Whittle shell and drilling Inferred Mineral Resource

Statement, Thorn Project, British Columbia, SRK Consulting (Canada) Inc., October 28, 2014.

9

Page 10: Brixton presentation 2015 June

95.08m of 628 g/t Ag, 1.71 g/t Au 123m of

190.68 g/t Ag

1.19 g/t Au

3.25% Zn

1.74% Pb

Within 310m of

223.51 AgEq

Hole 119

ended in

121 AgEq at

383m

(off section)

OBAN BLOCK MODEL

OBAN Zone

Diatreme Breccia

10

Page 11: Brixton presentation 2015 June

GOLD 2014

20.51 g/t Au

Aberlour Zone

Chivas Zone

Amarillo Zone

Outlaw Zone

11

Page 12: Brixton presentation 2015 June

SILVER 2014

12

Page 13: Brixton presentation 2015 June

13

Talisker

Zone

Glenfiddich

Zone

Oban

Zone

Outlaw

Zone

Chivas

Zone

VG MAGNETICS & STRUCTURE

13

Page 14: Brixton presentation 2015 June

OUTLAW ZONE DRILLING & GEOCHEM

14

Page 15: Brixton presentation 2015 June

OUTLAW DRILLING

15

Page 16: Brixton presentation 2015 June

OUTLAW DRILL LOG

g/t metre

AuEq based on

$1200/oz Au and

$20/oz Ag

16

Page 17: Brixton presentation 2015 June

OUTLAW THN14-128

17

Page 18: Brixton presentation 2015 June

Recommended work 2015 includes:

Phase One: Geological mapping, hand trenching, soil and rock

geochemical sampling and IP geophysical survey to refine high-

grade targets for drill testing

Phase Two: Based on phase one work drill test the high priority

near surface gold-silver targets

Gold targets include:

• Amarillo zone: 265 g/t Au (rock float); bonanza grade underground target

• Aberlour zone: 57.38 g/t Au (2m chip); high-grade underground target

• Outlaw zone: 20.51 g/t Au (rock grab); large scale sedimentary hosted target

• Chivas zone: 11 g/t Au (soil) and 10 g/t Au (rock); volcanic hosted high-grade target

PROPOSED EXPLORATION

18

Page 19: Brixton presentation 2015 June

CHIVAS ZONE LOOKING WEST

700m soil line 2014 up to 11 g/t Au, 12 g/t Ag, 11 g/t Te

19

Page 20: Brixton presentation 2015 June

CONTACT INFORMATION

20

BRIXTON METALS CORPORATION (TSX-V: BBB)

GARY THOMPSON, P.GEO, CHAIRMAN & CEO

+1 (403) 870-1166

CARRIE SIKMAN,

VP, Investor Relations

T: +1 (604) 630-9707

Toll Free: (888) 863-3801

[email protected]

Page 21: Brixton presentation 2015 June

TSX-V: BBB

21

For more photographs of Thorn click:

http://brixtonmetals.com/thorn-photos/

APPENDIX

Page 22: Brixton presentation 2015 June

TSX-V: BBB

22

THORN ZONES CHIVAS ZONE OBAN ZONE

OUTLAW ZONE

TALISKER ZONE

Page 23: Brixton presentation 2015 June

OUTLAW ZONE CONCEPTUAL MODEL

Modified after Poulsen, Robert et al.

INTRUSION RELATED – SEDIMENT HOSTED GOLD-

SILVER SYSTEM

23

Page 24: Brixton presentation 2015 June

1959 Kennco: geochem

1963-65 Anaconda: geochem-geophysics,1,204m drilling

1969 American Uranium: geochem-geophysics

1981 JR Woodcock: geochem and geology

1982-87 Chevron: geology, trenching, geochem, 654m drilling

2000 Rimfire Minerals: geology, geochem-geophysics

2002-05 Cangold/Rimfire: geology, geochem-geophysics, trenching, 3,840m drilling

2010-14 Brixton Metals: geology, geochem, multi-spectral alteration mapping,

structural geology, geophysics, airstrip-camp construction, 15,937m drilling

• Signed an Exploration Agreement with the Taku River Tlingit First Nations

• Established an initial inferred resource of 21.5 million ounce silver equivalent

HISTORY

24

Page 25: Brixton presentation 2015 June

25

OBAN BRECCIA CORE

Weighted Average from 22.0m to 23.0m:

1525 g/t AgEq or 27.5 g/t AuEq (1100 g/t Ag, 2.72 g/t Au, 7.8%Pb and 2.0% Zn)

THN12-67

Page 26: Brixton presentation 2015 June

Glenfiddich Zone THN13-121

3.5m of 441 g/t AgEq

143 g/t Ag, 0.38% Cu, 4.5 g/t Au

within 16m of 174 g/t AgEq

Mineralization: Vuggy-quartz-pyrite-tetrahedrite-sulphosalts breccia

Alteration: silica-pyrophyllite-sericite, minor calcite-ankerite-chlorite

QUARTZ SULPHIDE BRECCIA

26

Page 27: Brixton presentation 2015 June

QUARTZ SULPHIDE THIN SECTION

Grain of native Au. The gold precipitated

with low temperature radiating quartz-

pyrophyllite clusters (gangue), and is

later than the tennantite-tetrahedrite

(grey). SEM shows a Ag concentration

that is significant but subordinate to Au.

Photomicrograph of sample 206808

Quartz-sulphide breccia vein

View in reflected light.

Grain of gold is ~20 microns in length.

quartz-pyrophyllite

tennantite-

tetrahedrite

gold

27

Page 28: Brixton presentation 2015 June

28

2013 DRILL HIGHLIGHTS

28

Page 29: Brixton presentation 2015 June

29

2011-2012 DRILL HIGHLIGHTS OBAN ZONE

Hole ID From To Interval Gold Silver Copper Lead Zinc AuEq AgEq Grade X Width metre metre metre g/t g/t % % % g/t g/t g/t/m

THN11-60 6.00 101.08 95.08 1.71 628.00 0.12 3.31 2.39 16.15 904.00 85,952including 55.45 64.70 9.25 3.04 2984.00 0.53 11.65 3.42 65.52 3646.00 33,726including 49.44 75.00 25.56 2.28 1300.00 0.22 5.34 2.51 30.12 1670.52 42,698

THN11-60 101.08 243.00 141.92 0.16 53.00 - 0.20 0.47 1.45 80.61 11,440THN12-84 26.00 336.00 310.00 0.71 105.82 0.03 0.90 1.76 4.02 222.92 69,105including 26.00 227.00 201.00 0.95 145.03 0.05 1.26 2.35 5.49 304.24 61,152including 44.00 167.00 123.00 1.19 190.68 0.06 1.74 3.25 7.17 397.35 48,875including 104.00 121.00 17.00 1.45 251.47 0.05 2.78 3.99 8.07 447.30 7,604

THN12-83 24.00 174.50 150.50 1.37 165.30 0.11 0.92 1.25 5.67 314.25 47,294Including 24.00 97.70 73.70 1.49 284.15 0.12 1.31 1.78 8.41 466.59 34,388Including 49.00 62.00 13.00 2.01 725.55 0.13 3.33 3.68 18.89 1047.55 13,618THN12-65 6.10 90.00 83.90 1.03 161.81 - 1.29 1.49 5.34 295.85 24,821THN12-63 67.48 148.00 80.52 0.94 140.16 - 1.09 1.49 4.77 264.42 21,291THN12-72 6.10 110.95 104.85 1.10 88.01 - 0.24 0.63 3.13 173.33 18,174including 22.00 75.00 53.00 1.57 126.54 - 0.37 1.09 4.59 254.42 13,484

THN03-22 60.90 138.70 77.80 0.68 109.33 0.02 0.60 1.72 3.86 214.14 16,660THN12-73 6.10 90.00 83.90 0.94 105.27 - 0.47 0.47 3.31 183.68 15,411THN12-62 52.50 94.50 42.00 1.42 181.88 - 0.84 1.44 5.85 324.37 13,624THN12-71 9.14 68.28 59.14 0.63 127.11 - 0.58 0.83 3.63 201.47 11,915THN11-57 73.39 177.30 103.91 0.26 66.80 - 0.22 0.63 1.89 104.98 10,909

29

Page 30: Brixton presentation 2015 June

30

THN11-60 HISTOGRAM

30

Page 31: Brixton presentation 2015 June

31

THN12-84 HISTOGRAM

31

Page 32: Brixton presentation 2015 June

SILVER EQ GRADE

32

To view the Gradewise website

click: http://www.gradewise.net

Gradewise Star Rating: 4/5

Oban Zone Data

Page 33: Brixton presentation 2015 June

GLENLIVET HIGH SULPHIDATION VEIN

Grab – 2.97 g/t Au,

1298 g/t Ag, 12.4% Cu

33

Page 34: Brixton presentation 2015 June

34

IP GEOPHYSICAL INVERSION

Talisker

Zone

Glenfiddich

Zone

34