The diamond potential is growing for Brixton Metals on a silver and cobalt property it’s working in the Temiskaming area.
The Vancouver junior miner reported it has encountered kimberlite in 10 out of 11 holes drilled at a target identified during exploration last summer. Kimberlite is an indicator rock for the presence of diamonds.
Late last August, the company announced it had encountered a kimberlitic breccia and recovered a microdiamond on its Langis-Hudson Bay silver-cobalt property, near New Liskeard. The diamond weighed 0.0112 milligrams.
Drilling this fall, near the site of the diamond recovery, has revealed the kimberlitic body has expanded to a minimum of 20 hectares in size, with work still ongoing to test its extensions.
The kimberlite was intersected directly beneath the overburden (the rock or soil material that’s not of economic interest) and varies in thickness between 20 metres and 70 metres.
The company’s Langis-Hudson Bay Silver-Cobalt project contains a former high-grade silver mine –the Langis Mine – located about 15 kilometres north of Temiskaming Shores. Highway 65 runs through the property.
“We are delighted by the extent of the kimberlite material we have drilled,” said Brixton chairman and CEO Gary Thompson in a Nov.29 news release.
“The company is working with senior diamond experts to further evaluate the potential of this exciting new discovery. Results of the analytical work on the kimberlite shall be released as soon as they are made available.”
The company views Langis as an underexplored historic silver district with high potential to make a new discovery.
During Langis’ mining days, mostly between the mid-1950s and late-1980s, it produced more than 10.4 million ounces of silver with a recovered grade of 25 ounces per ton, and 358,340 pounds of cobalt.
Brixton’s other mineral plays include two in northwestern British Columbia, Thorn and Atlin, the Hog Heaven silver-gold-copper project in northwestern Montana.
The company is actively searching for joint venture partners to advance one or more of its projects.
“While the company is planning to focus its efforts on the Atlin Goldfields project in 2019, this new diamond bearing kimberlite discovery represents great optionality for our shareholders.”
Brixton is also looking to raise $2 million through a private placement offering of flow-through shares for exploration and development purposes.