Under the earn-in agreement, Brixton may receive USD$4.5M over six years. Ivanhoe Electric has the option to fund USD$40M in exploration expenditures over 11 years to earn 75% interest in the project.
Read more about the 2023 Exploration Program from Ivanhoe Electric and recent drilling:
Historically, 57,500 meters have been drilled at Hog Heaven, with 722 combined rotary, reverse circulation and diamond drill collars. Even though high-grade copper, lead and zinc have been mined on the property, a significant portion of the dataset was only evaluated for gold and silver.
In 2020, Brixton drilled 6 diamond drill holes adding another 1,400m to the above total. The drilling confirmed the mineralization and high-grade multi-element mineralization. A section view of highlights from hole HH20-02 is shown here, including 165.90 g/t Ag, 1.28 g/t Au and 0.55% Cu over 53.49m.
Up to 3,000 opt Silver. Stratiform and copper porphyry type mineralization.