Although the main focus of this year’s exploration budget will be on the Atlin gold camp, Brixton Metals (BBB.V) has decided it wants to drill one deep hole at Thorn, where the company hopes to hit widespread porphyry-type mineralization. This deep hole is meant to follow up on a previous exploration hole that was drilled in 2013 which ended in copper mineralization at depth and another hole drilled in 2012 which returned 30 meters containing 1.18% copper.
These are excellent copper values and although the 0.53% copper encountered in hole 13-119 appears to be low, that grade is sufficient to make a block cave operation work as Newcrest Mining (ASX:NCM) is currently mining a grade of 0.36 g/t gold and 0.26% copper at its Cadia mine in Australia. As the previously drilled hole ended in mineralization, Brixton would like to figure out how deep the mineralization runs, an while a 1,000 meter hole won’t be cheap, it’s the best way to gain a lot more insight in the copper mineralization at depth.
After completing this one deep hole, Brixton’s attention will turn towards Atlin Goldfields while it awaits the lab to return the Thorn assays. Should there be sufficient funding available for the Thorn project, Brixton could return to the Chivas copper porphyry target where it would like to drill 5-8 holes targeting a depth of 300-500 meters. Brixton has plenty of targets to follow up on (both at Atlin and Thorn), but everything will obviously be subject to securing sufficient funding for these exploration programs.
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The author has a long position in Brixton Metals. Brixton is a sponsor of the website. Please read the disclaimer
