Brixton Metals Corp. (TSXV: BBB | OTCQB: BBBXF) has announced that it has received the second payment in the amount of USD$500,000 for the Hog Heaven Project which is currently being operated under a definitive earn-in JV agreement with Ivanhoe Electric Inc.
Ivanhoe Electric holds the option to acquire up to 75% interest through a USD$44.5M spend. Hog Heaven is an advanced stage high sulphidation epithermal copper-silver-gold project with porphyry potential and historical production located in the state of Montana, USA.
Robert Friedland stated, “We are looking forward to further understanding the mineral potential of this high-grade district in our pursuit of critical metals to support the electrification of everything. “
On April 30, 2021, High Power Exploration Inc., transferred its rights and assets, including assigning the Hog Heaven earn-in agreement, to its affiliate company, Ivanhoe Electric Inc. under a contribution agreement.
Progress so far
The company intends to implement a 2022 drill programme to target both extensions of known mineralization and new target concepts from its results of the recent geophysical and geochemical surveys. Initial drill sites have been permitted and approximately 14,500m of drill core was re-logged to update the geologic model.
Surface rock chip sampling will commence at the Flathead Mine to confirm metal distribution and grades. 2,600 pulp samples were assayed from historic drill holes at the Flathead and Ole Hill Mines, and a three-dimensional IP survey was completed over the Hog Heaven Project area in the summer of 2021 to further assess target potential and to generate new drill targets. A detailed ground gravity survey covering the Hog Heaven project area was completed in September of 2021.
For further information please visit: https://brixtonmetals.com/
