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Brixton reports 'best porphyry hole to date' at Thorn

Brixton Metals has intersected 976.52m at 0.36% copper-equivalent at the Camp Creek target at its flagship Thorn project in British Columbia.
Brixton reports 'best porphyry hole to date' at Thorn Brixton reports 'best porphyry hole to date' at Thorn Brixton reports 'best porphyry hole to date' at Thorn Brixton reports 'best porphyry hole to date' at Thorn Brixton reports 'best porphyry hole to date' at Thorn

The camp at Brixton Metals’ Thorn project in BC

Ngaire McDiarmid

Reporter

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).