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Brixton Metals widens its Temiskaming exploration footprint.

Brixton Metals has expanded its holdings in Temiskaming
Brixton core 2
Brixton acquiring more exploration property in Temiskaming.

Brixton Metals is picking up more prospective silver property in the Temiskaming area of northeastern Ontario.


The Vancouver silver hunter announced Sept. 30 that it had inked a purchase and sale agreement with Agnico Eagle Mines to acquire control over property adjoining its Langis property, just north of Lake Temiskaming in the historic Cobalt silver camp.


"The acquisition of the Penna lands are both patented surface and mineral rights which cover the lands over shaft number 7 filling in our Langis mine holdings,” said Brixton chair and CEO Gary Thompson in a statement. “This area has been where our most recent drilling has taken place." 


When the acquisition is finalized, Brixton will pay Agnico Eagle $200,000 and assume environmental and mine closure liabilities in the amount of $56,000. 


Agnico Eagle retains a two per cent net smelter returns on any future production from the property, subject to Brixton's right to purchase from Agnico Eagle one-half of such royalty for $500,000.


In its hey-day, the Cobalt camp produced more than 500 million ounces of silver.


Brixton controls two former mines, namely the Langis and Hudson Bay mines. 


Langis produced 10.4 million ounces at 25 ounces per ton. The Hudson Bay mine produced 6.4 million ounces at 123 ounces per ton.