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    Brixton Metals Acquires Infill Claims to its Thorn Project Near the Past Producing Golden Bear Mine

    Several Gold-In-Soil Anomalies Identified on Mine Trend

    VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce it shall acquire one hundred percent interest in mineral claims totaling 6446 hectares or 64.4 square kilometers within the Thorn Project, not previously controlled, located north and northwest from the past producing Golden Bear Mine.

    Deal Terms

    • Under a Purchase and Sale Agreement with arm’s length private Vendors, Brixton shall pay the Vendors CAD$75,000 and issue 1,250,000 common shares of Brixton upon Exchange approval;
    • Brixton shall grant the Vendors a one percent Net Smelter Royalty Return (“NSR”) where Brixton holds the right to buydown 50% of the NSR, half of 1% for CAD$1,000,000 prior to commercial production.

    Chairman and CEO, Gary R. Thompson, stated, “We are excited to further consolidate the Thorn Project by adding more gold potential to the copper porphyry district play. Several gold geochemical anomalies have been identified adjacent to and on trend with a past producer of high-grade gold. Follow up exploration work is planned on these newly acquired claims to define drill targets.”

    Figure 1. Thorn Project Location Map with Gold Geochemistry.

    Figure 1_10Sept2024

    Please see link for an interactive map of Gold Geochem and Drilling for the Thorn Project here: https://app.mininghub.com/sh/A0c138c6

    Discussion

    As shown in Figure 2, several gold-in-soil geochemical anomalies have been identified and appear to be open for expansion. The newly acquired claims are located north and northwest from the past producing Golden Bear Mine.

    Figure 2. Gold-in-soil Geochemistry on the Newly Acquired Mineral Claims.

    Figure 2_10Sept2024

    Previous operators include Chevron, Homestake, North American Metals and Decoors Mining. Historic rock samples collected returned 284 sample greater than 20 ppb Au with a high of 124.85 g/t gold and 77.47 g/t silver from the Shoulder Zone collected by Homestake 1991 (Hamilton, 1994). In 1984, Chevron collected a rock grab from the Spire Zone that returned 14.00 g/t gold (Bruaset, 1984). The Honk Showing is a shear hosted quartz-pyrite vein along a north-trending splay of the Ophir Break returned 18.07 g/t gold and 64.80 g/t silver from a rock grab sample (McBean, 1990). Limited drilling has returned mixed results. One of the best values obtained from drilling was 1.1 g/t gold and 30.3 g/t silver over 4.0m from drillhole R90-7 (Allen, 1990).

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    Brixton Metals Acquires Infill Claims to its Thorn Project Near the Past Producing Golden Bear Mine Several Gold-In-Soil Anomalies Identified on Mine TrendVANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) - Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce it shall acquire one …