Brixton Metals Reports Progress on Hog Heaven Project with Ivanhoe Electric

February 6, 2024
BY Staff Writer

Brixton Metals Corporation has shared an update on the ongoing exploration at the Hog Heaven project, revealing significant findings from its partnership with Ivanhoe Electric. The exploration program, underpinned by a definitive earn-in agreement allowing Ivanhoe Electric to acquire up to a 75% interest in the project, has shown promising results for the existence of a porphyry system.

The Hog Heaven project, located 50 miles southwest of Kalispell, Montana, is an advanced-stage, high-sulphidation, epithermal copper-silver-gold project with historical production and potential for copper porphyry deposits. Recent drilling results have expanded the known high-sulphidation mineralization and provided evidence supporting a porphyry deposit. Notably, Drill Hole HHD-007 intersected 348 meters containing gold, silver, lead, and zinc, demonstrating significant AuEq values, including a 1-meter section with exceptionally high silver, gold, lead, zinc, and copper concentrations.

Since June 2023, Ivanhoe Electric has completed 10,905 meters of drilling across 12 holes, with results from the proprietary Typhoon geophysical survey still pending. This survey covered approximately 10 square kilometers, targeting the core areas of known mineralization.

Gary R. Thompson, Chairman and CEO of Brixton Metals, expressed optimism about the exploration drilling's ability to consistently reveal long intervals of mineralization, emphasizing the project's potential to uncover a copper porphyry system beneath the high-sulphidation epithermal mineralization.

Under the terms of the earn-in agreement with Ivanhoe Electric, set in 2021, Ivanhoe can acquire a significant stake in the Hog Heaven project by meeting specific spending and payment milestones. Brixton Metals, having acquired the project from Pan American Silver in 2017, has conducted extensive exploration, including drilling, geochemical surveys, and geophysical surveys, to advance understanding of the project's potential.

The Hog Heaven project has a rich history of silver, gold, and copper production dating back to the early 20th century, with a feasibility study and mine permit issued in 1989 that was ultimately shelved due to low metal prices.

Brixton Metals continues to focus on advancing its portfolio of projects, including the flagship Thorn project and other assets in the United States and Canada. The company's shares are traded on the TSX Venture Exchange and the OTCQB market.

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