News Releases

Brixton Metals and High Power Exploration Sign Heads of Agreement for an Earn-In, Joint Venture of up to USD$44.5 Million to explore and develop the Hog Heaven Project

October 27, 2020

Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into a binding heads of agreement, dated October 26, 2020, with respect to a USD$44.5 million earn-in and joint venture (“Heads of Agreement”) on its wholly owned Hog Heaven Project with High Power Exploration Inc. Concurrently, Mr Friedland has agreed to a CAD$2 million private placement financing into Brixton. The Hog Heaven Project is a silver-gold-copper-lead-zinc deposit with historical production located in the state of Montana.
Principal Geologist of HPX, Graham Boyd stated, “We see high potential for further discovery at Hog Heaven. We believe that the past producing Flathead Mine, where Anaconda Copper historically produced high-grade direct-shipping silver-gold ore, is just one part of a much larger precious metals and copper system. Our initial work programs at Hog Heaven will leverage our talented USA-based team of geoscientists and deploy the world-class Typhoon™ geophysical surveying technology to unlock new discoveries.“

About the Hog Heaven Project

The Hog Heaven Project is an advanced stage silver-gold-copper-lead-zinc deposit with historical high-grade silver-gold-copper production. The property is located in Flathead County, 55 miles south-southwest of the town of Kalispell, in the northwest portion of state of Montana, USA. The property is easily accessible by driving 10 miles of gravel road from the highway. Polymetallic mineralization is both high sulphidation related to a realtively young porphyry system and strataform sedimentary type hosted in the much older Belt Supergroup rocks. Total metres historically drilled on the project is 57,498 metres from 722 drill holes as rotary, reverse circulation and diamond drill core. In 2020, Brixton drilled 7 HQ sized core holes for a total of 1,400 metres. Many of the historical underground mine workings where high-grade Ag-Au-Cu were extracted have not been drilled. The drilling to date was focused on two shallow target areas, the Main Mine and Ole Hill which are small compared to the open ended multi-kilometer geochemical and geophysical footprint of the mineral system.

Please see Brixton’s news relase for the Summarized Terms of the Earn-In Heads of Agreement.

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