Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Brixton Metals Corp V.BBB

Alternate Symbol(s):  BBBXF

Brixton Metals Corporation is a Canada-based exploration company focused on the advancement of its mining projects. The Company is engaged in the acquisition and exploration and evaluation of resource assets located in British Columbia and Ontario, Canada, and Montana, USA. Its projects include the Thorn copper-gold-silver-molybdenum Project, Hog Heaven copper-silver-gold Project, Langis-Hudson Bay silver-cobalt-nickel Project and Atlin Goldfields Project. Its wholly owned Thorn Project is a 2,867 square kilometer mineral claim group. The Thorn Project is located in northwestern British Columbia, Canada, approximately 90 km ENE from Juneau, Alaska. The Hog Heaven Project consists of over 10 sections of private land. The project is located in Northwest Montana, USA. The Langis and HudBay Silver-Cobalt-Nickel projects are located within the historic silver-cobalt mining camp over 500 km north of Toronto, Canada. The Atlin Goldfields Project is in Northwest British Columbia, Canada.


TSXV:BBB - Post by User

Post by NineLiveson Aug 11, 2023 7:43am
229 Views
Post# 35583359

Update, drills now turning on 2 properties, exciting

Update, drills now turning on 2 properties, exciting

023-08-11 07:30 ET - News Release

 

VANCOUVER, British Columbia, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to provide an update on its active exploration projects in Canada and the United States of America.

Hog Heaven Project Update

Ivanhoe Electric Inc., announced on August 1, 2023 that drill rigs are active at the Hog Heaven Project. The historic Flathead Mine, located within the Hog Heaven Project area, previously produced high-grade silver with associated lead, zinc, copper and gold. Mineralization is believed to continue below previous mine workings, remaining open at depth.

As per Ivanhoe Electric’s August 1st news release, “Ivanhoe Electric’s current drilling campaign is designed to search for potential porphyry copper mineralization located at depth, which may represent the heat and fluid source to previously mined mineralization; and for additional silver, gold and copper-rich high sulfidation epithermal mineralization, which was the focus of previous mining activities by Anaconda Copper Mining Company who direct shipped high-grade silver ore to their Butte smelter.”

The Hog Heaven Project, which is currently being operated under a definitive earn-in JV Agreement with Ivanhoe Electric Inc. (see news release dated, March 2, 2021). Ivanhoe Electric holds the option to acquire up to 75% interest by completing USD$44.5 million of total project spending. Hog Heaven is an advanced-stage, high-sulphidation, epithermal copper-silver-gold project with porphyry potential and historical production located in the state of Montana, USA.

Atlin Goldfields Project Update

The Company also announces that it has terminated the option and earn-in joint venture agreement with Pacific Bay Minerals Ltd. (“PacBay”) effective August 10, 2023 with respect to the Atlin Goldfields Project as PacBay did not meet its obligations under the agreement within the prescribed time periods.

The Atlin gold camp is the second largest placer gold producer in British Columbia with reported placer gold production of over 600,000 ounces of gold between 1898 and 1945 and an unreported amount of placer gold production since then in the area. Hard rock samples consisting of coarse-grained quartz veins have returned values of up to 293 g/t Au at the LD Showing and 53.6 g/t Au at the Union Showing. Historical diamond drilling at the Yellowjacket Target has returned up to 509.96 g/t Au over 5.57m. The project hosts potential for orogenic and intrusion related gold mineralization.

A small drill program is planned prior to the end of the 2023 season at the Yellowjacket Gold Target.

Thorn Project Update

Brixton has successfully completed more than half of its 2023 exploration program at the Thorn Project. To date, a combined total of 10,500m have been drilled between the Camp Creek copper porphyry target and the Trapper gold target. A total of 1580 soil, 550 rock and 70 talus-fine samples have been collected from new target areas. Assay results should start to flow in the coming weeks to months.

Qualified Person

Mr. Gary R. Thompson, P.Geo., is the Chairman, CEO, President and Director for the Company who is a qualified person as defined by National Instrument 43-101. Mr. Thompson has verified the data disclosed in this press release.

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: its flagship Thorn copper-gold-silver-molybdenum Project, the Langis-HudBay silver-cobalt-nickel Project in Ontario, the Hog Heaven copper-silver-gold Project in NW Montana, USA (Optioned to Ivanhoe Electric Inc.) and the Atlin Goldfields Projects located in NW BC. 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, Chairman and CEO
Tel: 604-630-9707 or email: info@brixtonmetals.com

<< Previous
Bullboard Posts
Next >>