Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets. Brixton’s strategy for growth is centered around recognizing the global demand for both base and precious metal commodities. Brixton’s management is focused on advancing large-scale metal deposits to feasibility in politically stable jurisdictions.

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The Company It Keeps
Brixton Metals is an Emerging Player in Alaska’s Rich Kahilt District
~ By Ted Niles - March 22, 2011
What is it they say about first steps? That they’re the hardest? Rock samples from St Eugene show grades as high as 1% copper
True, no doubt, but some are easier than others. Take Brixton Met- and 2.1 grams per tonne gold. Monte Cristo samples indicate up
als Corporation. It may be a year old and has yet to put a drill in the to 4.2 g/t gold.
ground; but it boasts the largest landholding in an area of Alaska
that is being spoken of as an emerging district-Kahilt. In 2011, Brixton will also drill 5,000 metres on its Thorn Property
in northern BC. The company has an option agreement with Kiska
Located 150 kilometres northwest of Anchorage, Brixton’s Kahilt to earn up to a 51% interest in the project. Thorn exploration
Property consists of 863 claims-252 optioned from Millrock Re- dates back to 1959. Thompson remarks, “It’s had a fair amount of
sources Inc-that total 557 square kilometres. More important than work-about $5 million. Our sense is that the previous operators
this, though, is the company Brixton keeps. Millrock’s neighbour- just didn’t have the right model, didn’t drill deep enough, which
ing Estelle Project is under option from Teck Resources Limited, is a classic error. So we’re taking a fresh look at it. We’ve done
which has a $3.4-million exploration program on tap this year. some internal, back-of-the-envelope estimates on the drilling that’s
And Kahilt is immediately adjacent to Kiska Metals Corporation’s been done to date on the Oban zone, and we came up with a
Whistler Project, which boasts indicated resources of 1.28 million non-compliant 43-101 resource of about 15 million ounces silver
ounces gold, 5.03 million ounces silver and 302 million pounds equivalent.”
copper; inferred resources of 1.85 million ounces gold, 8.21 million
ounces silver, and 467 million pounds copper. It’s early days yet, but Thompson suggests that if this year’s drilling
targets are met, “And in 2012 let’s assume that we’ll double those
or more on our budgets,” Brixton can then provide preliminary
resource calculations for Kahilt and Thorn. He adds that Brixton,
which is 5% owned by Zimtu Capital, is in “finance mode” now. As
of March 21, the company had a market cap of $5.17 million and
traded at $0.23.
Thompson is unambiguous about the long term. “I don’t see us
trying to go from exploration to production,” he declares. “If the re-
source is there, we want to drill that up and take it as far as we can.
To the feasibility stage perhaps. And perhaps somewhere along
the way we bring in a major partner. Or, if it’s big and juicy enough,
somebody takes a run at Brixton. At the end of the day we’re trying
to create value for our shareholders.”
“So there’s Teck and Millrock,” says Brixton President/CEO Gary
Thompson, “and we anticipate Kiska probably spending in the So, apart from the promising property, what does Thompson think
neighbourhood of $20 million there this year. We have a proposed will inspire investor confidence in so junior a junior mining compa-
$10-million budget. So you’re talking about a $30 million to $35 ny? “Our team. [Director] George Salamis has a number of deals
million budget for this area. We’re excited about Kahilt because we under his belt. Toby Hughes is our VP Exploration and has 30
see the potential for something big. We’re in the same geological years of experience. I’ve been involved in exploration since the mid
terrain as the Pebble Deposit-which is being developed by North- 1980s; I have a gold-silver discovery to my credit. You want to look
“
ern Dynasty and Anglo American-and that’s one of the largest at the team. Who’s involved, can they deliver? That’s what should
copper-gold-moly-silver deposits on the planet.” give investors confidence.”
Summer 2011 work will focus on Monte Cristo and St Eugene-the
two Kahilt targets under option from Millrock. Thompson explains, We’re excited about Kahilt
“It’s relatively unexplored-Millrock spent only about $330,000 on
the property-but it’s come up with two fairly large-scale targets. because we see the potential
St Eugene appears to be a copper-gold-moly porphyry system. for something big
Monte Cristo appears to be an intrusion-related gold system. Our
Alaska drill program will be somewhere in the area of 10,000 to —Gary Thompson
16,000 metres, and about 20,000 soil samples will be collected.”
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