Brixton Metals Stock Price, News & Analysis

Brixton Metals Corporation has announced the acquisition of a new 235 square kilometers mineral claim group, enhancing its Thorn Project to a total of 2,863 square kilometers. Acquired for CAD$75,000, the claims are mostly royalty-free, except for a single claim with a 1.5% net smelter return. The project, located in Northwest British Columbia, showcases promising geological characteristics for copper-gold deposits, highlighted by significant copper grades in recent samples. This strategic consolidation positions Brixton to leverage the increasing demand for copper as industries aim to decarbonize.

Brixton Metals Corporation has entered a Letter of Intent with Pacific Bay Minerals Ltd. to allow Pacific Bay to acquire 100% interest in the Atlin Goldfields Project in British Columbia. This agreement requires Pacific Bay to invest a total of $3.225 million in cash and shares, with specified exploration expenditures over seven years. Should Pacific Bay's earn-in be completed, Brixton will retain a 2% Net Smelter Return Royalty. This strategic move follows Brixton's previous agreement with Ivanhoe Electric and emphasizes its focus on the flagship Thorn Project.

Brixton Metals Corporation (BBBXF) announced receiving a USD$500,000 payment for its Hog Heaven Project, in partnership with Ivanhoe Electric Inc. This project is an advanced stage high sulphidation copper-silver-gold endeavor located in Montana, with Ivanhoe holding an option to acquire up to 75% interest through a USD$44.5 million investment. The 2022 drill program aims to explore mineralization extensions and new targets. Historical production includes 6.7Moz Ag and 3,000 oz Au from 1913-1975. The project holds significant potential for critical metals in electrification.

Brixton Metals Corporation (BBBXF) has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. This development is expected to enhance liquidity and simplify the trading process for both existing and potential investors. DTC eligibility allows for faster execution speeds, opening opportunities for new investors previously restricted from purchasing shares. Brixton is focused on advancing its mining projects, including the Thorn and Hog Heaven projects.

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) reports on its 2021 exploration achievements and outlines plans for 2022 at the Thorn Copper-Gold-Silver-Molybdenum Project in Alaska. In 2021, the company raised $12.2M and confirmed a new Cu-Au-Ag-Mo porphyry discovery at Camp Creek with significant drill results. The 2022 drilling program aims to extend up to 20,000 meters targeting major areas including Camp Creek and Trapper. The company also enhances its technical team and collaboration with UBC's MDRU for geochemical studies.

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) announced assay results from its maiden drill program at the Trapper Gold Target on the Thorn Project. The results include six of fifteen shallow drill holes, with significant findings, such as 31.00m of 2.0 g/t Au within a broader zone of 146m of 0.74 g/t Au in hole THN21-195. The Trapper Target shows considerable potential with broad intervals of gold mineralization and visible gold in multiple holes. Future drilling aims to expand the area of known mineralization, enhancing company prospects.

Brixton Metals Corporation (OTCQB: BBBXF) has announced encouraging initial assay results from its maiden drill program at the Trapper Gold Target on the Thorn Project. The first three of fifteen holes drilled in 2021 yielded significant findings, including hole THN21-186 that showed 11.0m of 19.25 g/t gold within a broader interval of 139.0m of 2.14 g/t Au. The Trapper Target, part of a larger 80km mineralized trend, demonstrates substantial potential for additional gold mineralization, as indicated by the anticipated results from further drilling.

Brixton Metals Corporation (BBBXF) has announced progress at its Hog Heaven Project in Montana, following a joint venture with Ivanhoe Electric. Key achievements include a 14,500-meter re-logging program and re-sampling of 2,600 historic drill samples, with assays pending. The project has also seen geological mapping, 337 soil samples collected, and comprehensive geophysical surveys conducted. The ongoing work aims to re-classify historic mineral resources to NI 43-101 standards, potentially identifying new high-grade mineralization zones.