The drill hole that kicked off major investor interest
Brixton Metals had a good summer.
After announcing in July over 500 meters of 1.97 g/t gold equivalent from its Thorn project in the Golden Triangle, the company caught quite a few looks.
“We traded about 58 million shares since the hole 150, and that generated a lot of investor interest. We attracted Eric Sprott who came in with a lead order of about $4 million,” said Gary Thompson, P.Geo., chairman and CEO of Brixton Metals (TSX.V: BBB) in an interview with Kitco News in early September.
Thompson said the company closed on about $7.8 million in total.
“That gives us some firepower. We now have two drills turning.”
Thompson said the mineralized system at Thorn is huge. The drilling encountered an increase in porphyry-type veined clasts from 185m and more importantly sulphide-mineralized porphyry clasts from 429 to 677m indicating porphyry affinity. The current program is proving up these zones.