{kanada_flagge}Under the terms of the earn-in agreement with Brixton Metals (TSXV: BBB; FRA: 8BX1), Robert Friedland’s private company Ivanhoe Electric Inc. has eleven years to invest $44.5 million (USD$4.5M cash to Brixton and USD$40M in the ground) in exchange for a 75 percent interest in the Hog Heaven Cu-Au project in Montana, USA. Already after the first earn-in season, Brixton is taking stock: apparently, Ivanhoe Electric has advanced important things in a short period of time.
These include the completion of a 14,500 meter program of re-surveying current and historical drill core, the re-collection of approximately 2,600 pulp samples from historical drill holes at the Flathead Mine and Ole Hill (results pending). The objective is to reclassify the historical mineral resources to NI 43-101 standards.
Ivanhoe Electric has also collected 337 soil samples and additional rock chip samples and updated geological mapping throughout the district. In addition, a 3D induced polarization (IP) survey and a ground gravity survey were performed on the entire project. Ivanhoe Electric specializes in this type of survey. Last but not least, the first phase of an Environmental Site Assessment (ESA) was completed.
The Hog Heaven Cu-Au project is an advanced stage exploration property that has historically produced high grade silver, gold and copper. Between 1913 and 1975, Anaconda Copper Mining and lessees produced 6.7 million ounces of Ag, 3,000 ounces of Au, 23 million pounds of Pb, and 0.6 million pounds of Cu from 0.23 million tons of Direct Ship Ore grading 29 opt Ag. The property, accessible by road, is located in Flathead County, 55 miles south-southwest of the town of Kalispell in northwestern Montana, USA.
Figure 1. Map of Brixton Metals mineral property.
Figure 2. Location map of the Hog Heaven project.
Christina Anstey, Vice President of Exploration, stated, “We are encouraged to see the progress that the Ivanhoe Electric team has been able to make in such a short period of time. We look forward to the results of the ongoing scoping study as well as potential new discoveries outlined with the new detailed sampling and advanced geophysical surveys conducted throughout the area.”
Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on https://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they in no way replace an individual expert investment advice, it is rather promotional / journalistic publications. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities, especially with shares in the penny stock area, carries high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here. Please also note our terms of use.
According to §34b WpHG i (Germany) and according to Paragraph 48f Paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Brixton Metals and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Brixton Metals and GOLDINVEST Consulting GmbH, which means that a conflict of interest exists.
