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Brixton Metals Receives Results from Ongoing Exploration at the Hog Heaven Project, Demonstrating Further Evidence for the Existence of a Porphyry System
Ivanhoe Electric Drills 348m of 1.08 g/t AuEq Containing 0.43 g/t Gold, 40.48 g/t Silver, 0.22% Lead, and 0.12% Zinc Including 1m of 36.94 g/t AuEq Containing 2
About this update from Brixton Metals Corporation
[{"type":"text","content":" Ivanhoe Electric Drills 348m of 1.08 g/t AuEq Containing 0.43 g/t Gold, 40.48 g/t Silver, 0.22% Lead, and 0.12% Zinc Including 1m of 36.94 g/t AuEq Containing 2180 g/t Silver, 5.16 g/t Gold, 0.63% Copper, 6.00% Lead, 6.14% Zinc VANCOUVER, British Columbia, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce additional results from the 2023 Exploration Program on the Hog Heaven Project, which is currently being operated under a definitive Earn-in Agreement with Ivanhoe Electric Inc. (see news release dated March 2nd, 2021). Ivanhoe Electric holds the option to acquire up to 75% interest by completing USD$40 million of project spending and paying Brixton USD$4.5 million. Hog Heaven is an advanced-stage, high-sulphidation, epithermal copper-silver-gold project with historical production and copper porphyry potential located 50 miles southwest of Kalispell, in the state of Montana, USA. Highlights from Ivanhoe Electric’s February 5th, 2024 News Release: Drilling results to date expand high-sulphidation mineralization and provide evidence to support the existence of a porphyry deposit at the Hog Heaven Project Exploration Drill Hole HHD-007 Intersects 348 Meters Containing 0.43 g/t gold, 40.48 g/t silver, 0.22% lead, and 0.12% zinc, from 141 to 489 Meters or 348m of 1.08 g/t AuEq Including 1m of 2,180 g/t silver, 5.16 g/t gold, 6.00% lead, 6.14% zinc and 0.63% copper from 147.8 to 148.8 or 1m of 36.94 g/t AuEq Hole HHD-009 returned 145m of 0.91 g/t AuEq (0.26 g/t gold, 27.47 g/t silver, 0.20% copper) Including 0.95m of 24.96 g/t AuEq (5.39 g/t gold, 524 g/t silver, 7.99% copper) Since June of 2023, a total of 10,905 Meters in 12 drill holes have been completed Results are pending for Ivanhoe Electric’s TyphoonTM geophysical survey on the project Porphyry-style stockwork quartz veining observed in numerous clast fragments entrained within a late intrusion provides additional evidence for a porphyry system. The objective of recent work is to search for porphyry copper mineralization at depth. Chairman and CEO Gary R. Thompson stated: “Exploration drilling continues to intersect long intervals of high-sulphidation gold-silver-copper-lead-zinc mineralization at the Hog Heaven Project. High-sulphidation epithermal mineralization is known to ...