Brixton Metals has commenced exploration at its Kahilt property, which is situated about 160 km to the northwest part of Anchorage in Alaska. The focus of the exploration will be on the B Block, which is a huge gold target, and on the St. Eugene copper-gold porphyry prospect present in the Cristo claims.
The preliminary campaign will include geological mapping, rock and soil geochemical surveys in order to additionally outline the drill targets. This St. Eugene porphyry prospect is a 5 x 2 km anomaly, which is described by rock-soil and alteration geochemical surveys. The company has encountered up to 1% copper and 2.2 g/t gold from the rock grab samples. The B Block Claims includes a bulk sample of heavy mineral concentrate, which was obtained by Cominco during the 1970's, returning 30 g/t gold.
The CEO and Chairman of the company, Gary R Thompson has stated that the location of Kahilt is in the same terrane which has the pebble deposit of Northern Dynasty, it is next to the Whistler deposit of Kiska and the property is a joint venture between Teck and Milrock Resources providing sufficient reason for the company to be delighted about the project. The company aim to develop on the historic data in this primary sampling and surveying phase.
Brixton has also declared the signing of an amendment further to the initial option agreement with Millrock Resources on October 14, 2010, signed between Brixton, Brixton Alaska, Millrock and Millrock Alaska by which Millrock provided Brixton a special option to earn and purchase a 100% interest in the Cristo claims in Alaska. According to the amending agreement, Millrock has approved to increase the time limit by one year and Brixton has to pay for several exploration expenses at the property. Brixton has decided to pay its further 500,000 common shares to Millrock by December, 2011.