On our recent talk with Brixton Metals’ CEO Gary Thompson, he characterized Brixton as a strong exploration development company with a tight share structure with some very strong shareholders.
One of Brixton’s projects is the Thorn gold-silver-copper project located in the northern extent of British Columbia’s “golden triangle”. Initially, Kennco conducted exploration at Thorn in the 50’s using rudimentary techniques to identify the possible mineral deposits. Gary explains that despite numerable successful exploration missions, actual budgets have been quite small.
Northern BC is a great place to explore compared to logistics of the arctic or far-flung placing in the jungles. Although the Thorn project is geographically the “middle of nowhere” it is well accessible thanks to a well-established airstrip and being only a 45 min flight from Whitehorse, Yukon and 65km to tide water.
The current focus for Thorn is looking at whole rock lithogeochemical analysis combined with short-wave infrared spectroscopy and geological mapping. This is a cost-effective method to vector for copper-gold porphyry targets. Gary goes on that Brixton is “still very excited about the property and are looking to do more work on it as funds become available. Every season that we have worked on the project we have made a new discovery even with tiny budgets.”
Brixton’s significant other project is the uniquely named Hog Heaven silver-gold-copper-zinc project which is located in northern Montana. Brixton acquired it in a stock deal for 2.6 million shares. The Hog Heaven project is perhaps the most advanced of Brixton projects thanks to prior exploration done by the previous owners. The property had a feasibility study completed in the 1989 and site had been permitted to mine, however, when the 90’s came around gold and silver prices tanked placing the project development on hold.
The project has the benefits of 60,000 meters of historical drilling from 722 drill holes.
When looking at historical data, Brixton noticed that previous owner had ignored the base metals, approximately 68% of intervals were not analyzed for copper, and 34% were not analyzed for lead and zinc.
Brixton’s goal is to get Hog Heaven into NI-43-101 compliance (CIM Standards of Disclosure Mineral Resources) and with enough resource behind it to move on to a preliminary economic assessment stage. The project has the potential for a high margin operation within a reasonably short period of time.