Brixton DD SummaryWell, I was posting crazily today as I was doing my dd and uncovering facts. I just wanted to summarize all of that briefly in one post.
Properties/Results
Well, if you're here it's more than likely today's results that got your attention. The company is currently focussed on 2 projects: Thorn and Atlin
Thorn - today's intersection once again was 554.7 m of 1.97 g AuEq with several high grades zones within that including 6 m of 3.37 g gold, 257.77 g silver, 3.56% copper, 1.01% zinc and 0.92% lead
Atlin - initiated drilling last week. Past results include bonanza gold intersections of 5.57 m grading 509.96 g gold / t (yes that's 509 g Au) from the Yellowjacket zone and grab samples up to 293 g gold / t in the LD Zone
With drills turing on two properties, there's bound to be a steady stream of newsflow over the summer; and given past results there's reason to be optimistic about results moving forward.
Management (most important)
Management has decades of experience in the discovery, exploration, development (and financing) of orebodies around the world, working with such companies as Newmont, Novagold (common link it seems), Underworld, Full Metal and Placer Dome. CEO Gary Thompson is a geologist!
Insider Holdings
Management / Insiders hold approximately 40% of the float, most notably:
Hecla Mining - 22,243,836 shares
Gary Thompson (CEO) - 3,517,251 shares
Rob McEwen (yes from McEwen Mining, GoldCorp, etc) - 3,500,000
Nice to know management has a financial stake in the company and benefits in its success as well.
Insider Buying - from Jan. to April, Gary Thompson (CEO) purchased shares on the open market between 0.13 - 0.19. Management doesn't have stake simply due to self prtescribed options. They believe in company to invest their personal funds. Always positive.
That's it for now.
Given the strong fundamentals above and with two properties being explored, properties that havealready returned high grades over considerable widths, it promises to be an interesting summer...one of anticipation, speculation and share price appreciation. :)
Have a good evening!