Newrange Arranges Winter Exploration Program for North Birch Project in Red Lake District and Hires NAI Interactive for Marketing

 

VANCOUVER, BRITISH COLUMBIA, December 16, 2020 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) – Newrange Gold Corp. (“Newrange” or the “Company”) is pleased to announce that it is finalizing plans for a winter exploration program to begin in January on its North Birch Project east of Red Lake, Ontario. The Company is planning on conducting approximately 90 line kilometres of Induced Polarization (IP) geophysics and the results will be used to generate targets for follow up diamond drilling.

The primary target at North Birch is the sheared limb of a folded iron formation sequence, modeled after the Musselwhite Gold Mine, approximately 190 kilometres to the north and operated by Newmont-Goldcorp. The 8 kilometre long target horizon at North Birch is recessive and not exposed at surface but is interpreted from a prominent fold pattern in the airborne magnetics (see map here). The target horizon projects 2 kilometres along strike into the Argosy Gold Mine, which closed in 1952 after producing 101,875 oz Au at 12.7 g/t Au (Ontario government archives). There are also multiple gold showings in the rocks to the south of the main target horizon and in iron formation elsewhere on the North Birch property, yet the main target horizon has never been drilled.

“We are looking forward to initiating exploration at North Birch,” stated Robert Archer, Newrange’s CEO. “As we didn’t receive our permits until September due to COVID-related delays, we missed the summer field season but, during that time, we merged and reprocessed the three airborne magnetic surveys that have been flown over the property in past years. This has clearly delineated the main target horizon and the IP will be used to detect areas of sulphide enrichment that may be related to gold mineralization.”

It is anticipated that field crews will mobilize to the property in early January, although the exact timing will be weather dependent. Once the IP has been completed and interpreted (approximately 4-6 weeks), an application for a drill permit will be filed as soon as possible.

In other news, Newrange has signed a one-year agreement with NAI Interactive Ltd. (“NAI”) of Vancouver, BC to provide marketing services to the growing Chinese investment community. Total payable under the terms of the contract is $60,000 and NAI will be granted 150,000 stock options in Newrange at a price of $0.14. The stock options will vest as to 25% every three months with a term of two years from the date of grant.

NAI has been bridging the gap between the mining industry and Chinese investors for more than 20 years and is a leading market intelligence and investor relations service provider for fast growing public companies trading on the North American stock exchanges.

Qualified Person

The technical content disclosed in this press release was reviewed and approved by David Hladky, P.Geo., Senior Geologist for Newrange and a Qualified Person as defined under National Instrument 43-101.

About Newrange Gold Corp.

Newrange is a precious metals exploration and development company focused on near to intermediate term production opportunities in favorable jurisdictions including Nevada, Ontario and Colorado. With numerous drill intercepts of near surface oxide gold mineralization to 340 grams gold per metric tonne, the Company’s flagship Pamlico Project is poised to become a significant new Nevada discovery. Focused on developing shareholder value through exploration and development of key projects, the Company is committed to building sustainable value for all stakeholders. Further information can be found on our website at www.newrangegold.com.

Signed: “Robert Archer”
CEO & Director

For further information contact:
Sharon Fleming
Corporate Communications
Phone: 760-898-9129
Email: info@newrangegold.com

Dave Cross
Chief Financial Officer and Corporate Secretary
Phone: 604-669-0868
Email: dcross@crossdavis.com

Website: www.newrangegold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement: Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Newrange Gold

 

Chakana Copper Intersects 101.5m of 0.61 g/t Au, 0.91% Cu, and 19.8 g/t Ag (2.26 g/t Au-Eq) from 32m at Paloma West, Soledad Project, Peru

 

Vancouver, B.C., December 16, 2020 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to release new drill results from four holes at its high-grade copper-gold-silver Paloma West discovery at the expanded Soledad Project in Ancash, Peru. These results are part of the ongoing Phase 3 drill program, a fully funded 15,000 metre drill program that started August 15, 2020. Phase 3 is testing a cluster of high-grade, gold-enriched tourmaline breccia pipe targets within the Paloma and Huancarama breccia complexes (Fig. 1). Twenty holes have now been reported from the two Paloma targets for a total of 3,630 metres. Drilling is currently underway at Huancarama where thirteen holes have been completed thus far.

Mineralized intervals from these four holes at Paloma West include:

 

* Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu – US$2.90/lb, Au – US$1,300/oz, and Ag – US$17/oz. No adjustments were made for recovery as the project is an early stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu_eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au_eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).

Summary information for results reported in this release; holes SDH20-149 to SDH20-151 were drilled from the northwest side of the exposed breccia pipe, and SDH20-152 was drilling from the southwest side of the breccia pipe (Figs. 2-3):

• SDH20-149 was drilled to the east-southeast and failed to intersect breccia, which is plunging southwest in the uppermost 70 metres of the breccia body.
• SDH20-150 and SDH20-151 were drilled towards the southeast from the same platform at -45 and -55 inclinations, respectively. Both holes intersected strongly mineralized breccia including 25m of 0.95 g/t Au, 1.38% Cu, and 51.6 g/t Ag starting at 14m in SDH20-150; and 17.7m with 1.76 g/t Au, 2.49% Cu, and 42.4 g/t Ag starting at 45.3m. Both intercepts occur within longer intervals of mineralized breccia.
• SDH20-152 was drilled towards the east at -70 inclination and intersected 101.5m of mineralized breccia with 0.61 g/t Au, 0.91% Cu, and 19.8 g/t Ag starting at 32m. A higher-grade margin zone within this occurs over 18m with 0.81 g/t Au, 2.73% Cu, and 49.1 g/t Ag starting at 32m.

Examples of mineralized drill core from these holes are shown in Figure 4.

David Kelley, President and CEO commented, “these results are a successful conclusion to the scout drilling program at Paloma East and Paloma West, defining a breccia system much larger than anticipated with some of the highest grades ever seen on the project. The three holes that intersect breccia have high grade sections within longer intervals of mineralization. Hole SDH20-152 significantly extends mineralization to approximately 165m below surface and is open at depth. Additional in-fill drilling will be conducted at Paloma East and Paloma West to be included in an initial resource estimate. We look forward to reporting drill results from the Huancarama Breccia Complex early in the new year.”

Paloma Target Area

The Paloma target area consists of two mapped outcropping breccia pipes, Paloma East and Paloma West (Fig. 2) and at least one breccia dike. First-pass surface sampling encountered strongly anomalous gold at both Paloma breccia pipes as well as within several scattered small exposures of breccia and vein-like structures in the Paloma area. A strong time-domain electromagnetic geophysical anomaly is also coincident with Paloma.

Huancarama Target Area

The Huancarama Breccia Complex is located 300 metres south of and 400 metres lower than the deepest breccia intercept at Paloma. Within the complex there are five principal breccia bodies exposed at surface over approximately 200 metres (Fig. 5). There is a distinctive feature believed to be a collapse zone with dimensions of 50 metres by 30 metres. Unverified reports suggest that this may be a mine collapse, but it may also be a natural feature. The largest breccia body in the complex is H1 (approximately 60 metres in diameter). Two historic adits are in the complex, one trending north-northeast for 170 metres along the western side of H1, and a second shorter adit of 21 metres at H2. Surface sampling from the breccia bodies and channel sampling of the adits yield strongly anomalous gold results (see news release dated November 19, 2019). In addition to several targets within the complex, numerous targets exist between Huancarama and Paloma.

About Chakana Copper

Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 33,353 metres of drilling has been completed to-date, testing nine (9) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver. For more information on the Soledad project, please visit the website a www.chakanacopper.com.

Sampling and Analytical Procedures

Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS41 (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t by AA24. Over limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Soil samples are analyzed by 4-acid (ME-MS61) and for gold by Fire Assay on a 30g sample (Au-ICP21).

Results of previous drilling and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are made available on Chakana’s SEDAR profile at www.sedar.com.

Qualified Person

David Kelley, an officer and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD
(signed) “David Kelley”
David Kelley
President and CEO

For further information contact:
Joanne Jobin, Investor Relations Officer
Phone: 647 964 0292
Email: jjobin@chakanacopper.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the “Project”), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

Figure 1 – View looking north showing breccia pipes and occurrences within the northern Soledad cluster. Pipes that have been drilled in previous campaigns are shown in red. Targets shown in green are the focus on this 15,000m drill campaign. Other pipes and occurrences remain to be tested by drilling. Additional breccia pipes occur on the south half of the property and are not shown here.

Figure 2 – Map showing location of outcropping Paloma East and Paloma West breccia pipes and drill hole lithology in holes completed to date. Red represents tourmaline breccia. Location of section line for Figure 3 indicated.

Figure 3 – Section looking north-northeast highlighting the drill holes at Paloma West reported in this release. Light red 3D shape shows approximate shape of breccia based on the first thirteen holes.

Figure 4 – Detailed core photos from Paloma West: SDH20-150 (79.4m) quartz-chalcopyrite-pyrite-tourmaline cemented breccia; SDH20-151 (46.6m) mosaic breccia replaced by chalcopyrite-pyrite; SDH20-151 (89.3m) mosaic breccia with chalcopyrite-pyrite cement and late euhedral pyrite replacement; SDH20-152 (34.85m) chaotic shingle breccia with chalcopyrite-pyrite cement; F) SDH20-152 (41.9m) shingle breccia with chalcopyrite-pyrite cement.

Figure 5 – Drone image looking northeast at the Huancarama Breccia Complex showing the five principal tourmaline breccia bodies exposed at surface (H1-H5), historic adit portal, and drill platforms. Note drill rig in center of image.

SOURCE: Chakana Copper

Palladium One Discovery Indicates Significant Mineralization Potential at the Disraeli PGE Project

 

December 9, 2020 – Toronto, Ontario – A new high-resolution drone magnetic survey discovery has outlined a significant magnetic signature, a key indicator of mineralization in the Mid-Continental Rift (“MCR”), where the Disraeli PGE Project is located, in Ontario, Canada said Palladium One Mining Inc. (TSX-V: PDM, FRA: 7N11, OTC: NKORF) (the “Company” or “Palladium One”) today. The magnetic survey (“Mag”) outlined a large, reversely polarized, magnetic body coincident with AeroTEM electromagnetic (“EM”) anomalies.

“Reversely polarized magnetic bodies are very important indicators of mineralization within the Mid-Continental Rift as demonstrated by nearby palladium-platinum-nickel-copper mineral deposits and mines, which are in part, reversely polarized. The target is high-grade PGE-rich nickel-copper mineralization located within magma conduits similar to Clean Air Metals Inc.’s Thunder Bay North (“TBN”) and Escape Lake deposits.” said Derrick Weyrauch, President and CEO.

“Disraeli’s Hook Bay zone is clearly a more primitive portion of the greater Disraeli intrusion. The presence of airborne EM conductors coincident with a reversely polarized magnetic body, something that does not occur at TBN, suggests the potential for semi or even massive sulphides. Rare massive sulphide intercepts at TBN have returned impressive grades such 98 g/t PGE (52.8 g/t Pd, 41.5 g/t Pd, 3.9 g/t Au), 3.3% Ni, and 11.6% Cu over 2.6 meters in hole BL10- 197 (see Magma Metals Limited News Release February 15, 2010). These grades reflect the very high metal tenor of the sulphides, which is the hallmark of the PGE-rich mineralization in the Nipigon Plate portion of the Mid-Continent Rift.” commented Weyrauch.

An exploration drill permit has been received and the Company plans to drill Disraeli in February 2021, pending winter ice conditions.

Disraeli is located 40 kilometers north of Clean Air Metals Inc’s TBN project and only 50 kilometers east from Impala Platinum Holdings Ltd’s (“Implats”) Lac Des Iles palladium Mine (Figure 1 and 2)

Figure 1. Illustration of Proterozoic Mid-Continent Rift and select associated copper-nickel-palladium-platinum deposits. The Eagle Mine operated by Lundin Mining hosts a Measured and Indicated Resource of 4.6 million tonnes grading 3.7% Ni, 3.1% Cu, 0.9 g/t Pt, 0.7 g/t Pd (2017 Lundin NI 43-101 report).

Figure 2. Illustrating the Nipigon Plate portion of the Proterozoic Mid-Continent Rift showing the West Nipigon Lineament which connects the Disraeli, Seagull and TBN intrusions. The Archean aged, Lac des Iles Palladium mine, located 50 kilometers west of Disraeli is also shown.

Preliminary Analysis:

• The West Nipigon Lineament (Figure 2), is believed to be a control structure for the emplacement of the TBN (Clean Air Metals Inc.), Seagull (Quadro Resources Ltd.), and Disraeli intrusions and is prospective for additional magma conduits such as those found at TBN and Escape Lake.
• The high-resolution drone magnetic survey identified a very strong, reversely polarized magnetic body beneath the southeast bay (Hook Bay) of Disraeli Lake. (Figure 3 and 4).
• Reversely Polarized rocks are a key indicator for early mafic-ultramafic intrusives associated with PGE-Ni-Cu mineralization in the Mid-Continent Rift. Portions of the nearby TBN, Escape Lake, Sunday Lake (Implats), and Marathon (Generation Mining) deposits are also reversely polarized.
• The reversely polarized Hook Bay magnetic body is coincident with several AeroTEM EM anomalies that were outlined by a previous operator in 2011 and 2014 but were never drill tested (Figure 4 and 5).
• The presence of airborne AeroTEM EM anomalies suggest the possibility of not only disseminated mineralization but also semi massive or even massive sulphides.
• A lake sediment survey conducted in 2020 has shown a consistently greater ultramafic signature beneath Hook Bay compared to the rest of the Disraeli Lake. Ultramafic rocks were also observed along the western shore of Hook Bay. All of which point to this area being a much more primitive part of the Disraeli intrusion, and hence potentially close to the magma conduit which fed the intrusion.
• The Disraeli intrusion has seen much less exploration than adjacent intrusions in the Nipigon Plate, only 8 holes have been drilled on the property, and none have tested beneath Disraeli Lake. There is a precedent for magma conduits being located beneath lakes. Both TBN and Escape Lake magma conduits occur beneath the Current and Steepledge lakes, respectively.

Target Model:

• High-grade PGE-rich Ni-Cu mineralization located within magma conduits similar to Clean Air Metals Inc.’s Thunder Bay North and Escape Lake deposits.

Figure 3. 2011, 100-meter spaced AeroTEM survey, total magnetic field reduced to the pole (TMI-RTP) with 2014 Condor Geophysics interpretation highlighting the Disraeli ultramafic body (DLUB). Note the reversely polarised body in the southeast bay (Hook Bay) of Disraeli Lake. The Disraeli property boundary shown in red, 2020 detailed drone survey area outlined in yellow, and the Hook Bay reversely polarized body shown by dashed blue line.

Figure 4. Image (A) is the 2020 drone based, 25-meter spaced survey, TMI-RTP mag, target DL-01 is the Hook Bay strongly magnetic reversely polarized body. Image (B) are EM anomaly picks and Maxwell plates models by Condor Consulting in 2014 from the 2011 AreoTEM survey. The background image is a 60-meter conductivity depth slice.

Figure 5. Image (A) is an isometric view of the Hook Bay highly magnetic body looking north. Image (A) was generated by Abitibi Geophysics using VOXI Magnetization Vector Inversion technology (MVI) magnetic susceptibility model plotted as an isosurface using the 2020 drone magnetic survey data, MVI is considered a better technique for modelling overall magnetic susceptibility in areas like Disraeli where both positively and reversely polarized rocks occur. Image (B) is a cross section along Line A-B through the MVI magnetic susceptibility model looking north. Both images include Maxwell plate EM picks from Condor Consulting 2014 interpretation of the 2011 AeroTEM survey.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43- 101.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-coppernickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladiumdominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email:
info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s 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, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. 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. Investors are cautioned against attributing undue certainty to forward-looking statements.

Source: Palladium One Mining Inc.

The Newfoundland Gold Rush and C2C Gold Corp.

 

Shawn Ryan, world-famous prospector, joins Janet Lee-Sheriff, Executive Chair, and Lori Walton, CEO, of C2C Gold Corp. to discuss Newfoundland, THE exciting new gold district, and C2C’s growing position in the region.

Thursday, December 10th at 11 AM PST

Please register and join us at for a presentation plus Q&A at:

https://attendee.gotowebinar.com/register/1313530878031715342

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) owns 27% of C2C Gold Corp. (CTOC.CSX)

About C2C Gold Corp.

C2C Gold Corp is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company holds the Millertown, Badger and Barren Lake projects, which cumulatively cover an area of 493 km² with road access and proximity to communities and power lines. All projects lie with the Central Newfoundland Gold Belt and provide a large land position in a top mineral exploration jurisdiction. Mineral development in Newfoundland has advanced significantly with increased exploration and development activities throughout the province. C2C also holds one of the largest land packages, with several prominent projects, within the prolific White Gold and Klondike districts in Canada’s Yukon.

About Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold the Company is completing a Bankable Feasibility Study for the restart of heap leach operations. The Brewery Creek Mine project operates with a Socio Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For additional information on C2C Gold Corp.:
Lori Walton, Chief Executive Officer
(604)757-7180

info@c2cgold.com
www.c2cgold.com

For additional information on Golden Predator Mining Corp.:
Janet Lee-Sheriff Chief Executive Officer
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Golden Predator Mining

Brixton Metals Drills 3m Of 647 G/T Ag Including 1m Of 1,845 G/T Ag At Its Langis Project, Ontario, Canada

 

December 8, 2020 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce the initial drill results from its fall/winter exploration program on the Langis Mine Project located in the Cobalt Camp of Ontario. The Company has received assays for the first 17 holes totaling 1624m of NQ size core. Approximately 6,000m of the 20,000m planned fall/winter drilling campaign have been completed. Drill holes follow a fan-type array with depths ranging from 52.5m to 148.4m across the main trend.

Highlights

• Hole LM20-93 intercepted three mineralized intervals near surface, including:
• 6m of 193 g/t Ag from 2.6m; including 3m of 351 g/t Ag, including 1m of 990 g/t Ag
• 4m of 127 g/t Ag from 17.6m, including 2m of 238 g/t Ag
• 3m of 647 g/t Ag from 32.6m including 1m of 1845 g/t Ag
• LM20-96 returned 7m of 222.9 g/t Ag including 4m of 360 g/t Ag and 1m of 692 g/t Ag
• LM20-102 intercepted 4m of 333 g/t Ag including 1m of 904 g/t Ag, 0.2% Co

Chairman and CEO of Brixton, Gary R. Thompson stated, “It is encouraging to see the high-grade silver and cobalt mineralization over meaningful intervals above the historic workings. Based on the current gold/silver ratio of 75:1, the lower interval in hole LM20-93 of 3m of 647 g/t Ag is equivalent to 8.6 g/t Au. Drilling is ongoing as we work toward a maiden resource at Langis.”

These drilling results continue to support the existence of new, shallow, high-grade silver-cobalt mineralization around the Shaft 3 area. Historical drilling around the Shaft 3 area is very limited and mostly underground. Silver-cobalt mineralization was first drilled by the Company in 2018 and has continued to bring encouraging results from subsequent drilling campaigns. “Defining and adding a new silver-cobalt zone could significantly increase the Langis silver resource potential” said Antonio Celis, Senior Geologist and QP for Brixton Metals.

Figure 1. Location of the Shaft 3 drilling area.

Table 1. Langis Fall 2020 Drilling Highlights near Shaft 3.

Intervals represent drilled lengths and the true widths of the silver and cobalt mineralization have not been determined at this time. Results are weighted average grades.

Figure 2. Cross-section showing select drill results.

Figure 3. Quartz carbonate vein at 32.9m, LM-20-93, with 2-5% silver arsenides and tabular rip up clasts of host conglomerate. Chaotic native silver stringers penetrate the host rock within the 10cm wide vein salvage

Figure 4. LM-20-91 from 2.73m depth, cobaltite, cobalt bloom, native silver in quartz-carbonate veins.

Figure 5. Hole LM-20-98, quartz carbonate cobaltite-silver arsenide vein and cobalt bloom at 9.48m hosted in conglomerate.

Figure 6. Hole LM20-102 silver arsenide stringers with native silver and silver rosettes at 3.5m.

Figure 7. Hole LM20-102 quartz carbonate cobaltite vein with silver arsenides, native silver and cobalt bloom at 4.17m.

Quality Assurance & Quality Control

Diamond drill holes were drilled to depth NQ size. Samples were collected using 1m average sample length. Three quality control samples (one blank, one standard and one duplicate) were inserted into each batch of 20 samples. The drill core was sawn, with half put in batches, sealed and shipped by the Company geologists to ALS Minerals preparation lab in Sudbury, Ontario. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Blank, duplicate and certified reference materials were inserted into the sample stream. All elements were analyzed by Aqua Regia Digest with ICP-AES finish. Silver over-limits were analyzed by fire assay with gravimetric finish. Base metal over-limits were analyzed with Aqua Regia Digest and AES finish. A copy of the QAQC protocols can be viewed at the Company’s website.

About the Langis Mine Project

Brixton’s wholly owned Langis Mines Project is a past producing mine located 500km north from Toronto, Ontario, Canada with excellent infrastructure. The silver mineralization occurs as native silver and within steeply-moderately and in some cases shallow dipping veins, veinlets and as disseminations rosettes and fracture infill and can be associated with calcite, hematite, pyrite, cobaltite, chalcopyrite, niccolite and gold. Mineralization is hosted within any of the three main rock types: Archean volcanics and metasediments, Coleman Member sediments and Nipissing diabase. The Langis mine produced 10.6Moz of silver at 787 g/t Ag and 358,340 pounds of cobalt. Historically, the combined mines in the Cobalt Camp produced 550 million ounces of silver with 30-50 million pounds of cobalt as a by-product.

Mr. Antonio Celis, 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 Corporation

Brixton 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 Directors
Mr. 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.

Source: Brixton Metals