Mr. Irwin Olian reports
DESERT MOUNTAIN ENERGY REPORTS RELEASE OF FAVORABLE DRILL RESULTS BY BRIXTON METALS CORPORATION WITH SHARP INCREASE IN BRIXTON'S SHARE PRICE
Desert Mountain Energy Corp. investment Brixton Metals Corp. has released favourable drill results from its Thorn property in British Columbia's Golden Triangle by press release dated July 15, 2019. The results included an intersection of 554.70 metres of 1.97 grams per tonne gold equivalent, including 135.96 m of 1.35 g/t Au, 0.31 per cent copper, 133.62 g/t silver or 5.00 g/t AuEq at its Camp Creek porphyry prospect. Following dissemination of the press release, Brixton's share price increased sharply in active trading on the TSX Venture Exchange, rising approximately 81 per cent to close up 10.5 cents to 23.5 cents per share on reported consolidated trading volume of 10.8 million shares.
Desert Mountain Energy presently owns 4.2 million common shares of Brixton which it acquired in August, 2018, in the sale of its Yellowjacket gold project in Atlin, B.C., to Brixton, which represents 4.65 per cent of the approximately 90,267,000 common shares of Brixton presently issued and outstanding. This is a material investment for the company and the increased share price and liquidity of Brixton shares arising from the successful drill program at Thorn tend to increase shareholder values for the company. Management of the company wishes to refer investors to the Brixton press release dated July 15, 2019, for further information.
The company's field operations in Arizona to finalize targets for its upcoming drill
program in the Holbrook basin are proceeding well and will be completed shortly. An update will be provided in the near future.
About Desert Mountain Energy Corp.
The company is an exploratory resource company engaged in exploration and development of helium, oil and gas, and mineral properties in the southwestern United States. Until Sept. 5, 2018, the company also owned the Yellowjacket gold project in Atlin, B.C., which it had been developing. The company has its executive offices in Vancouver, Canada.
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