BASE METALS

Brixton reports 'best porphyry hole to date' at Thorn

Explorer intersects 976.52m at 0.36% Cu-eq

 The camp at Brixton Metals’ Thorn project in BC

The camp at Brixton Metals’ Thorn project in BC

The intercept also included 550.52m at 0.51% Cu-eq and 117m at 0.73% Cu-eq.

"Hole THN21-183 is our best porphyry hole to date on the Camp Creek target and clearly demonstrates the significant potential for a large mineralised system," VP of exploration Christina Anstey said.

A follow-up hole was collared 120m west of the above-mentioned drill hole, which intercepted similar "broad porphyry-style mineralisation and potassic alteration" with assays pending.

"We plan to end the season strong, having two drills turning with one at Camp Creek to test the core of the porphyry system and the other at the Trapper Gold target where geologists recently discovered visible gold in surface samples," chairman and CEO Gary Thompson said.

Mining identities Eric Sprott, Robert Friedland and Rob McEwen are among Brixton's major shareholders.

Sprott yesterday let share purchase warrants expire unexercised but continues to hold 10.3% on a non-diluted basis.

Friedland's High Power Exploration can earn up to 75% of Brixton's Hog Heaven project in Montana under a US$44.5 million deal finalised in February. 

Brixton also has the Langis silver project in Ontario and is seeking a joint venture partner for its Atlin Goldfields project in BC.

The company has C$7 million in cash, according to a presentation this month.

Brixton shares (TSXV: BBB) are trading near the bottom of a one-year range, closing down 2.8% yesterday to C17.5c to capitalise it at $34.6 million (US$27.5 million).

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.