Welcome to our dedicated page for BRIXTON METALS news (Ticker: BBBXF), a resource for investors and traders seeking the latest updates and insights on BRIXTON METALS stock.
Brixton Metals Corp (BBBXF) is a mineral exploration company focused on the discovery and development of high-grade precious and base metals projects in Canada and the USA. With a strong portfolio of exploration projects, including the Thorn Project, Atlin Goldfields Project, and Hog Heaven Project, the company is committed to creating long-term value for shareholders through the advancement of its properties. Brixton Metals Corp is known for its strategic partnerships, innovative exploration techniques, and dedication to sustainable mining practices.
Brixton Metals has initiated its first drill program at the Cirque Copper Porphyry Target, part of its Thorn Project located 3km east of the Camp Creek Porphyry discovery.
The Cirque target showcases extensive copper mineralization over a 1km by 2km area, evidenced by vein-hosted and disseminated chalcopyrite. Elevated copper, molybdenum, and MPIx anomalies are present in rock and soil geochemistry.
Supported by a large, near-surface magnetic and conductivity geophysical anomaly, this target holds potential due to its proximity to the mineral-rich Camp Creek Porphyry. VP of Exploration, Christina Anstey, expressed optimism about the significant intervals of surface chalcopyrite mineralization and coincident geophysical signatures.
Figures included in the release show surface rock samples and core samples from Julian Mining's 1965 Cirque Program, indicating the presence of chalcopyrite, molybdenite, and associated alterations.
Brixton Metals (TSX-V: BBB, OTCQB: BBBXF) has announced a Royalty Purchase Agreement with Kohima Pacific Gold to purchase and cancel existing net smelter return royalties on its Thorn Project. The agreement, dated June 17, 2024, eliminates a 2% royalty on the Check-Mate claim and a 3.5% royalty on the Stuart claims. This move is expected to enhance the project's viability. In consideration, Brixton will issue 2,500,000 common shares to Kohima, subject to a hold period of four months and one day. No finder's fees are involved.
Brixton Metals has appointed Patrick Highsmith as a director and Chair of the Compensation Committee, effective June 11, 2024. Highsmith brings over 30 years of international experience in operational, exploration, and business development roles with notable companies such as Newmont Mining, BHP, Rio Tinto, and Fortescue Metals Group. He has also co-founded and held senior roles in several junior companies, including Lithium One, Bellhaven Copper & Gold, and Pure Energy Minerals. Currently, he is the President & CEO of Timberline Resources, which is being acquired by McEwen Mining. Highsmith's specialized expertise includes gold, copper, and lithium exploration. Additionally, Brixton has granted him stock options for 375,000 common shares at an exercise price of $0.13 per share, valid for ten years.
Brixton Metals has commenced its fully funded 2024 drill season at the Thorn Copper-Gold Porphyry Project. The exploration plan includes drilling 12,000-17,000 meters across multiple targets, collecting 2,500 rock and soil samples, and conducting a ~90 sq km ground MT Geophysics survey. Initial drilling is focused on the Camp Creek Porphyry Target, testing for high-grade copper cores. Brixton aims to test new targets: Trifecta, Cirque, and North Copper, with significant copper and molybdenum potential. The company has a $12.5 million budget for the Thorn Project.
FAQ
What is the current stock price of BRIXTON METALS (BBBXF)?
What is the market cap of BRIXTON METALS (BBBXF)?
What is the focus of Brixton Metals Corp?
What are some of the key projects owned by Brixton Metals Corp?
What is the commitment of Brixton Metals Corp towards shareholders?
What sets Brixton Metals Corp apart from other companies in the industry?
Where does Brixton Metals Corp primarily operate?
