Brixton Metals Corporation announced additional results from the 2023 Exploration Program on the Hog Heaven Project, which is currently being operated under a definitive Earn-in Agreement with Ivanhoe Electric Inc. Ivanhoe Electric holds the option to acquire up to 75% interest by completing USD$40 million of project spending and paying Brixton USD 4.5 million. Hog Heaven is an advanced-stage, high-sulphidation, epithermal copper-silver-gold project with historical production and copper porphyry potential located 50 miles southwest of Kalispell, in the state of Montana, USA. Ivanhoe Electric?s current exploration drill program at Hog Heaven, as first reported in its October 2023 news release, has now completed twelve drill holes totaling 10,905 meters.

Exploration drilling has stepped out to the west and southwest, where mineralization remains open. One diamond drill rig is currently on site and will operate through the winter as weather permits. In November 2023, Ivanhoe Electric conducted its proprietary TyphoonTM geophysical survey (results pending) covering an approximately 10 square kilometer area, which was designed to cover the core of known prospectivity.

Ivanhoe Electric and Brixton entered into an earn-in agreement in 2021. Under the earn-in agreement, Ivanhoe Electric may earn up to a 75% interest in the Hog Heaven Project by making cash payments totaling USD$4.5 million and incurring an aggregate of $40 million in exploration expenditures by 2032. Ivanhoe Electric will earn an initial 51% interest by making a total of USD$4.5 million in cash payments and incurring $15 million in exploration expenditures.

Ivanhoe Electric may earn the additional 24% interest in the project by incurring a further USD$25 million in exploration expenditures. Brixton acquired the Hog Heaven project from Pan American Silver in 2017 and conducted data compilation-digitization, 3D-modelling, soil geochemical survey, geological mapping, and geophysical surveys. In 2020, Brixton drilled seven confirmation core holes at the project.

Highlights include drill hole HH20-02 that intersected a broad 224.85m zone of high-sulphidation mineralization yielding 78.16 g/t Ag, 0.66 g/t Au, 0.24% Cu (75.07m-299.92m) which includes the following sub-intervals: 5.48m of 445.79 g/t silver, 1.41 g/t gold, 1.50% copper 2.13m 0f 917.36 g/t silver, 2.00 g/t gold, 3.06% copper 53.49m of 165.90 g/t silver, 1.28 g/t gold, 0.55% copper 13.56m of 185.80 g/t silver, 2.24 g/t gold, 0.76% copper 1.37m of 1,750 g/t silver, 5.39 g/t gold, 2.65% copper Historically, previous operators drilled 722 holes (mostly shallow depths). A positive feasibility study was completed and a mine permit was received in 1989 to construct a mine based on the shallow oxide gold-silver mineralization; however, development did not proceed due to low metal prices in the 1990s. Select underground workings at the West Flathead mine reported silver grades from fumaroles and fractures that ranged from 300 ounces per ton to 3000 ounces per ton.

The Hog Heaven copper-silver-gold Project is an advanced-stage exploration project which historically produced high-grade silver, gold, and copper. Between 1913 and 1975, Anaconda Copper Mining and lessees produced 6.7Moz Ag, 3,000 oz Au, 23M lbs Pb, and 0.6M lbs Cu from 0.23Mt of direct-ship ore, grading 29 opt Ag. The road-accessible property is located in Flathead County, approximately 50 miles southwest of the town of Kalispell, Montana.