STOCK TITAN

Brixton Metals Updates Stakeholders on Taku River Tlingit First Nation Watershed Plan

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Brixton Metals Corporation (OTCQB: BBBXF) has collaborated with the Taku River Tlingit First Nation (TRTFN) since 2013 and recently engaged in discussions regarding a new Watershed Plan for the Taku watershed. This plan includes Specially Managed Landscapes (SML) with high mineral potential, where sustainable mineral extraction will be considered. The Camp Creek and Trapper discoveries fall within these zones. Brixton is committed to involving stakeholders in exploration activities at its Thorn Project, located in British Columbia. The CEO emphasized a respectful and economically viable exploration approach.

Positive
  • Collaboration with TRTFN strengthens stakeholder relations.
  • Prospective mineral zones identified in the Watershed Plan.
  • Commitment to sustainable and responsible exploration practices.
Negative
  • None.

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) announces that the Taku River Tlingit First Nation (“TRTFN”), who the Company has been working collaboratively with since 2013 under an exploration agreement, recently released its plan for the Taku watershed (the “Watershed Plan”). The Watershed Plan includes Specially Managed Landscapes (“SML”) that include zones with high mineral potential, where TRTFN will consider respectful, sustainable mineral extraction. Brixton’s Camp Creek and Trapper discoveries are within the SML and Brixton will operate and plan its exploration and development activities and involve all stakeholders in the planning process to ensure we are building resource projects based on best practices.

The Company and the TRTFN have engaged in discussions with respect to the Watershed Plan, in which the parties can co-operate to create a mutually beneficial result for all stakeholders involved. The Company is committed to continuing such discussions with the TRTFN as it carries out exploration on its Thorn Project, which is located in Northwest British Columbia within the Taku River Tlingit and Tahltan First Nations’ traditional territory.

President and CEO, Gary Thompson, stated, “We are excited about the discussions with the TRTFN and are committed to working with the TRTFN to carry out our exploration programs on the Thorn Project in a respectful, sustainable, and yet economically feasible manner.”

Spokesperson, Jinik (Charmaine Thom), stated, “Brixton has been a respectful and engaged company, as is evidenced in our long-term relationship over the past decade. We look forward to our on-going support and future collaborations in relation to Brixton’s exploration efforts.

About Brixton Metals Corporation

Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the Atlin Goldfields Projects located in NW BC (Optioned to Pacific Bay Minerals), the Langis-HudBay silver-cobalt Project in Ontario, and the Hog Heaven copper-silver-gold Project in NW Montana, USA (Optioned to Ivanhoe Electric Inc.). 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, P.Geo., Chairman and CEO
Tel: 604-630-9707 or email: info@brixtonmetals.com

For Investor Relations, please contact:

Neil MacRae, Investor Relations
Tel: 604-630-9707 or email: neil.macrae@brixtonmetals.com

Cautionary Note

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 including statements in respect of regulatory approval, other than statements of historical fact included herein including, without limitation, statements regarding the Offering, 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.


FAQ

What is the significance of the Taku River Tlingit First Nation's Watershed Plan for Brixton Metals (BBBXF)?

The Watershed Plan includes areas with high mineral potential where mineral extraction may be considered, which is significant for Brixton's exploration strategies.

What exploration projects does Brixton Metals (BBBXF) have?

Brixton Metals owns several projects, including the Thorn copper-gold-silver-molybdenum Project and the Atlin Goldfields Projects.

How does Brixton Metals (BBBXF) plan to engage with stakeholders during its exploration activities?

Brixton plans to involve all stakeholders in the planning of its exploration and development activities to ensure best practices are followed.

What are Specially Managed Landscapes (SML) in the context of Brixton Metals (BBBXF)?

SML are designated areas within the Watershed Plan where the TRTFN will consider the potential for respectful and sustainable mineral extraction.

When was the announcement regarding the collaboration with TRTFN made by Brixton Metals (BBBXF)?

The announcement was made on January 24, 2023.

BRIXTON METALS CORP

OTC:BBBXF

BBBXF Rankings

BBBXF Latest News

BBBXF Stock Data

25.13M
382.91M
17.94%
17.91%
Other Precious Metals & Mining
Basic Materials
Link
United States of America
Vancouver