Brixton Metals and HPX Sign $44.5M JV Agreement on Hog Heaven Copper-Silver-Gold Project, Montana
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Brixton Metals has signed a $44.5 million definitive earn-in agreement with a wholly-owned Montana subsidiary of High Power Exploration (HPX). The Hog Heaven Project is a high sulphidation epithermal silver-gold-copper-lead-zinc deposit with historical production located in the state of Montana.
“We are delighted to have concluded the deal terms with HPX and are excited to see the Hog Heaven Project receive significant exploration spending. In addition to the precious metal potential, we believe that Hog Heaven has the potential to host a significant copper discovery related to the high sulphidation precious metal system, and that the expertise and anticipated investment of HPX is likely to demonstrate that,” said Brixton Chairman and CEO Gary Thompson.
“We see high potential for further discovery at Hog Heaven. We believe that the past producing Flathead Mine, where Anaconda Copper historically produced high-grade direct-shipping silver-gold ore, is just one part of a much larger precious metals and copper system. Our initial work programs at Hog Heaven starting in April-May 2021 will leverage our talented USA-based team of geoscientists and deploy the world-class Typhoon™ geophysical surveying technology to unlock new discoveries,” said HPX Principal Geologist, Graham Boyd.
“We plan to follow this work up with a campaign of re-logging and sampling of the well-preserved historic drill core followed by diamond drilling to re-classify the historic mineral resources to NI43-101 compliant standards. In parallel, using the Typhoon IP system, we will search for additional sulphide-rich zones like those that have carried the high-grade precious metal values within this large volcanic-hosted epithermal system. Additional discoveries could significantly expand the historic precious metal resources. Further, the superior depth penetration of our Typhoon system will aid us in the search for the source porphyry copper and gold systems,” added Boyd.
About the Hog Heaven Cu-Ag-Au Project - Montana
During May-June 2020, the company completed its maiden drilling program on the project. Mineralized system appears to have the affinity for strata-form copper-silver, high-sulphidation mineralization and a porphyry copper-gold type system. The drill program was successful in validating previous drilling at the Main Mine area and encountered both broad mineralized intervals including narrow high-grade silver-gold-copper mineralization.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects: the Thorn copper-gold-silver and the Atlin Goldfields Projects located in NWBC, the Langis-HudBay silver-cobalt Projects in Ontario, and the Hog Heaven silver-gold-copper project in NW Montana.
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