{"id":1204440,"date":"2020-08-28T11:39:17","date_gmt":"2020-08-28T16:39:17","guid":{"rendered":"https:\/\/www.mining.com\/?p=1034118"},"modified":"2020-08-28T11:39:17","modified_gmt":"2020-08-28T16:39:17","slug":"brixton-acquires-kodiak-copper-project-in-bc","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1204440","title":{"rendered":"Brixton acquires Kodiak copper project in BC"},"content":{"rendered":"

Brixton Metals (TSXV: BBB) announced<\/a> on Thursday that it has entered into an agreement to acquire Kodiak Copper\u2019s Trapper copper-gold porphyry project, expanding its Thorn project, in northern British Columbia.<\/p>\n

The property represents the largest contiguous mineral claim package in the Golden Triangle that includes a major 70km long mineralized mega-trend, said chairman and CEO of Brixton Metals, Gary R. Thompson.<\/p>\n

Trapper project drilling highlights include 86m of 2.51 g\/t Au, including 4.26m of 9.18 g\/t Au, 0.41m of 92.80 g\/t Au, with visible gold. <\/p>\n

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Midday Friday, Brixton\u2019s stock was up 8% on the TSXV<\/p>\n<\/blockquote>\n<\/figure>\n

\u201cThis transaction strengthens Kodiak\u2019s focus on our southern projects, in particularly our highly prospective MPD copper gold porphyry project in South-Central BC where we are currently drilling to follow-up on our Gate Zone discovery and are expecting the first results within weeks.\u201d said Kodiak Copper President and CEO Claudia Tornquist.<\/p>\n

Under the terms of the agreement Brixton will pay $100,000 cash and 2,324,393 common shares as consideration for Trapper.<\/p>\n

Brixton has also entered into agreements to terminate net smelter royalties (NSR) and other economic interests held by third parties. The company will pay $20,000 to Constantine Metals Resources to terminate its right of first refusal on a 0.5% NSR. The company has also agreed to terminate the NSR on the Trapper project held by C.J. Greig Holdings, for $45,000 and 113,924 common shares of Brixton.<\/p>\n

Midday Friday, Brixton\u2019s stock was up 8% on the TSXV. The company has a C$66 million market capitalization.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brixton Metals (TSXV: BBB) announced on Thursday that it has entered into an agreement to acquire Kodiak Copper’s Trapper copper-gold porphyry project, […]<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"class_list":["post-1204440","post","type-post","status-publish","format-standard","hentry","category-miningcom","tag-exploration"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1204440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1204440"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1204440\/revisions"}],"predecessor-version":[{"id":1204473,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1204440\/revisions\/1204473"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1204440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1204440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1204440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}