US minerals explorer Brixton Metals Corporation says ongoing Typhoon geophysics survey work has identified a one-square-mile strong conductor in a relatively unexplored area of its Hog Heaven copper-silver-gold project in Montana.
Ivanhoe Electric says its proprietary Typhoon data acquisition system uses I-Pulse high-powered transmitter technology to measure sub-surface variations in rock conductivity and chargeability to vertical depths of 1.5km or more.
Ivanhoe Electric can earn up to a 75% interest in Hog Heaven by paying US$4.5 million cash and incurring about $40 million of exploration expenditures by 2032. The high-sulphidation, epithermal copper-silver-gold project is said to also have copper porphyry potential.
Brixton CEO Gary R Thompson said limited previous drilling had been completed in the part of the project targeted in the latest Typhoon survey. Survey results would guide future drilling.
“We look forward to the next batch of drill results from the ongoing program at the Hog Heaven project,” he said.
Toronto-listed Brixton has a current market value around C$49 million.
