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Brixton has announced its intention to kick-off its 2019 exploration program with a 1,000m hole at its Thorn Project before shifting focus to Atlin. Our fair value estimate is C$0.28/share, underpinned by our belief that Atlin has the potential to deliver a significant gold discovery. We currently ascribe zero value for Thorn in our estimates, but work to date suggests the project could yield a copper-gold discovery.Highlights:
Brixton continues to deliver drilling success in the Cobalt camp expanding a recently discovered high-grade silver-cobalt zone in addition to discovering a shallow kimberlite. We believe Brixton’s Atlin project has the potential to yield a significant gold discovery in 2019 and believe the current valuation is underpinned by its multiple prospective projects in North America.Highlights:
Brixton’s Atlin project has the potential to deliver a major discovery and we are pricing that possibility into our numbers.
Based on some exceptional historic results, this district scale land package has the potential to deliver a major gold discovery. Similar to the Barkerville
gold project, it is a historic placer mining camp and Brixton has already started the work to unlock its hard rock potential. We believe it is important to highlight that Brixton has now started to focus on Atlin to assess its discovery potential.
This summer has not been pleasant for mining company share prices or for those of us that are invested in them. Falling commodity prices combined with excitement in other sectors has resulted in apathy towards mining companies in general. Recently, there has been a glimmer of hope with significant exploration results from GT Gold (TSXV:GTT) and RNC Minerals (TSX:RNX) that has driven each company’s share price significantly higher. One of the indicators that we follow, that we consider to be a reasonable indicator of bearish/bullish sentiment is the Gold/Silver Ratio, which is currently at a 2-year high.
Brixton Metals announced additional drill results from its wholly owned Langis Mine Project located in the Cobalt Camp of Ontario.
Brixton Metals announced that it has completed field work at its Thorn Au-Ag project in the northern tip of the Golden Triangle in British Columbia, located 200km NW from Imperial Metals Red Chris Mine.
Brixton Metals has announced that it has closed a series of separate asset purchases and sale agreements to acquire 29,608ha of mineral rights in the Atlin Gold Camp of British Columbia, which consists primarily of the Spruce and Yellowjacket properties. Payment for the assets included issuing 4.3M common shares and a payment of $50,000 to Desert Mountain Energy Corp (TSXV:DME).
Brixton Metals has announced that it has intersected a kimberlitic body in three drill holes at its Langis project in the Cobalt Camp of Ontario while targeting cobalt-nickel-silver mineralization in the shallow Archean rocks.
Brixton reported additional high-grade cobalt intercepts (Figure 1) from drilling at the company’s Langis project in Ontario’s Cobalt Camp.
Brixton has released the remainder of its phase one drill results from Hudson Bay and is now focusing drilling on its nearby Langis property also in Ontario’s Cobalt Camp.
We updated the look & feel of our RCKS Talk Research Blog in March 2018.
To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.
Click here to access the RCKS Talk Blog Archive for Brixton Metals Corp. (TSXV:BBB)
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