BASE METALS

Brixton reports 'best porphyry hole to date' at Thorn

Explorer intersects 976.52m at 0.36% Cu-eq

This article is 4 years old. Images might not display.

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).

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.