RE:RE:Thorn hole #150Gary Thorn followed to the letter commitments he made last July in the wake of Hole #150. Financing--done--drilling Thorn--done--and drilling 21 short 100 metre probing holes at Atlin--done.
Unfortunately his search for an elephant at Thorn led him to disregard #150 and drill six deep empty holes 3000 kms from #150 amongst others scattered around the ten square kilometer Oban zone. It amounted to onlly TWO holes near #150 out of more than THIRTY including Atlin.
He will drill Oban this summer starting from the unimpressive #162. Why? I'm not sure but that hole is 1000 metres from #150. If he drills from #162 TOWARDS #150 then those holes may represent the stepouts from #150 inexplicably not done last summer.
However, beyond those Oban holes the 2020 plans announced by Brixton are to remove the mothballs from their Montana property where 60,000 metres historically drilled by previous owners amount to a large inferred resource of silver.
In 2016 Brixton stock popped over $1 before silver retreated bringing Brixton down with it.
Precious metals bulls who expect silver to go higher--I am one of them but don't pretend to know when this blessed event will happen--see Brixton as a silver play.
Interestingly though, in 2016 brixton did not own this Montana property.
In 2016 Brixton got it's silver-fueled rise because of solid drilling results at its Langin property in Quebec.
So here we are in 2020. You like Brixton as a silver play? Fine, where's the drilling program at Langin?
Realistically, what can Brixton expect to find in Montana that more than one previous owner, in drilling dating back over 40 years, did not? Yet Langin is mothballed because Gary Thompson now prefers Montana where new mining permits are reputedl as hard to come by.
Gary Thompson is not 'afraid' to drill #150 as a poster here suggested. He prefers to keep himself busy by juggling four projects as if they were hot potatoes or irons in the fire. He heats one up, puts it away to cool off and moves on to the next project, heats it up...
Gary Thompson did not follow up #150 in a meaningful way. He may do so this summer.
Choosing Montana over Langin as Brixton's new flagship silver play means he thinks the market will like the decision.
That dicision coupled with the baffling non step-out drilling of #150 last year has sowed considerable doubt amongst Brixton's shareholders.
Thompson has chosen a very strange path forward.