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The Coal Creek tin prospect in the foothills of The Alaska Range was acquired in late 2005 by staking State claims. Located 200 km due north of Anchorage, the property lies 8 km west of Hurricane rail station, just west of the Parks Highway between Anchorage and Fairbanks. The 971 ha (2,400 acres) property covers an area that was subject to an intensive exploration program between 1982 and 1988 by a joint venture of Houston International Minerals Corporation and Billiton Exploration U.S.A. Inc., including 42 diamond drill holes to depths of up to eight hundred feet. Most of the core is archived in the State operated storage facility near Anchorage, and may provide guidance for future work. The previous work included an inferred resource estimate of five million tons at a grade of 0.27% Sn (1982 unpublished Field Report - Houston International Minerals) with "important" silver credits along with possible fluorine, zinc, and tungsten credits. There is also excellent potential for defining smaller, higher-grade resources in nearby skarn deposits. Intercepts such as 0.25% Sn with 16g Ag over 140' in hole DDH 32 are typical as the basis for this estimate. These figures are historical and are not N.I. 43-101 compliant. The data assembled to date covers most of the significant drill intercepts and locations, and while only appropriately verified selections may be included in future resource assessments, the data as a whole will provide a useful database for planning further exploration. Preliminary metallurgical analysis of selected core samples indicated that the tin mineralization could readily be liberated from the gangue materials, and that the mineralized drill intercepts investigated had good potential for the production of a high-grade tin concentrate. A program of re-sampling core, and further data recovery and assembly is planned for this winter, to be followed by an early spring schedule of prospecting, geochemical sampling, and mapping. To view 43-101 Technical Report on Coal Creek, click here. Sleitat Mountain On July 23, 2005, a Joint Venture Proposal was executed with Solomon Resources Limited (Solomon) in order to earn 80% of Solomon's 100% owned Sleitat Mountain Tin-Silver-Tungsten Deposit, in southwest Alaska. The 3,520 acre Sleitat Mountain project is located approximately 135 km northeast of the coastal town of Dillingham. On September 2, 2008, Brett accelerated completion of the terms of the JV proposal and has now earned an 80% interest in the property and has issued 1,000,000 shares to Solomon. Solomon retains a 20% participating interest. Solomon and Brett are working towards finalizing terms of a Joint Venture Agreement to further explore the Sleitat Property. Property History Tin on the Sleitat Property was discovered by Cominco American Inc. and Enstar Resources Corporation during a 1983 regional exploration program. Mapping, geochemical surveys, geophysical surveys and nine drill holes totaling 723.8 metres completed between 1983 and 1987 defined and tested a complex granitic intrusion which hosted cassiterite mineralization in sheeted greisen zones. In 1989, the United States Bureau of Mines (USBM) evaluated the tin potential of the property, and reported an inferred resource of 25.9 million tons grading 0.22% - 0.37% tin, 0.04% tungsten, and 17 grams per tonne silver. A "Qualified Person" for the purposes of National Instrument 43-101, Standards for Disclosure for Mineral Projects of the Canadian Securities Administrators has not done sufficient work to classify the USBM's historical estimate as current mineral resources or mineral reserves and Brett is not treating this historical estimate as current mineral resources or mineral reserves as defined in NI 43-101. Accordingly, this historical estimate is not NI 43-101 compliant and may not be relied upon. Cominco acquired 100% of the Sleitat Tin Property from Enstar in 2001, but then abandoned the ground in 2003.
Solomon staked the Sleitat Tin Property in 2005 and granted an option to Brett to acquire an 80% interest in the property. Brett conducted a preliminary drill program in 2006 comprising five drill holes totaling 702.5 metres which twinned and largely confirmed Cominco's best hole (88-08), and went on to further substantiate and expand the property's known greisen hosted tin-silver mineralization. The deposit is exposed in a saddle on Sleitat Mountain, where tin, tungsten, and silver occur in an east-west trending, steeply dipping greisen zone that extends nearly 1 kilometre along trend. The mineralized greisen varies from 30 to 240 metres wide and, based on results of drilling by Cominco in 1989, extends to a minimum depth of 90 metres. A 826 kg bulk sample collected and analyzed by the US Bureau of Mines and reported by Alaska State Department of Natural Resources geologist Robert Burleigh in 1991 assayed 0.37% tin, 17 g/t silver and 432 ppm tungsten. Cominco drilling results, as reported by Burleigh, include a 14.5 metre true width intersection of 1.6% tin and 25 g/t silver (including 1.54 metres grading 12.6% tin and 161 g/t silver). Joint Venture Proposal Under the terms of the Joint Venture Proposal, Brett was able to acquire an 80% interest in the Sleitat Mountain property by issuing 1,000,000 Brett shares to Solomon over a four year period. Brett initially issued 200,000 shares to Solomon upon receipt of regulatory approvals. Subsequently, Brett issued an additional 200,000 shares on each yearly Anniversary date. Brett accelerated its option of Sleitat on Sept. 2, 2008 by issuing Solomon the final payment of 400,000 shares of Brett. Upon Brett vesting at 80% in the project, further exploration or development expenditures would be shared 80/20, unless a given party diluted to less than a 10% participating interest. In such a case that party would retain only a 1% NSR on subsequent production of any metals from the property. Qualified Person Randy Rogers, M.Sc., P.Geol. a "Qualified Person" for the purposes of National Instrument 43-101, Standards for Disclosure for Mineral Projects of the Canadian Securities Administrators has verified the data disclosed herein and supervised the preparation of the information that forms the basis of the technical disclosure regarding the Sleitat Tin Property contained in this website. Technical Report - February 3, 2006
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