Brixton Metals (TSXV: BBB; US-OTC: BBBXF) has sharpened its focus on the massive Thorn project in northwestern British Columbia, aiming to find large-scale copper-gold porphyry deposits, a London event heard.
The 2,900-sq.-km site has 20 targets along an “80-km mega-trend,” including the Trapper gold zone, CEO Gary Thompson told The Northern Miner’s International Metals Symposium. Exploration there recently yielded 64 metres grading 5.7 grams gold per tonne. At the Camp Creek porphyry system, drilling returned 550 metres of 1% copper equivalent.
“We believe this district has the scale to host multiple deposits,” Thompson said on Dec. 1, adding that it’s a “multi-generational opportunity.”
BHP‘s (LSE: BHP; NYSE: BHP; ASX: BHP) 19.9% stake in Thorn, acquired in 2022, endorses the project’s potential.
In 2020, Brixton partnered with Ivanhoe Electric (TSX: IE; NYSE-AM: IE) to advance its Hog Heaven project in Montana. Earlier this year, it struck a deal with Eldorado Gold (TSX: ELD) for the Atlin Goldfields project in B.C.
These agreements raised $1.8 million to support exploration over the next two years. The company remains fully funded for its exploration plans with $10 million in cash on hand. It plans further drilling to expand its high-priority targets, Thompson said.
Watch the full presentation below:
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