Brixton Metals Acquires The Past Producer Hudson Bay Silver Mine

Brixton Metals Corporation (TSXV:BBB) announced that it has acquired 100% control over the past producing Hudson Bay silver mine in the Cobalt mining camp of Ontario. Brixton acquired the remaining interest in the Hudson Bay property through the issuance of 27,300 common shares and a cash payment of $1,000.

As quoted in the press release:

The Hudson Bay mine operated from 1905 to 1943 and again in 1953 and produced a total of 6,452,266 oz of Silver, Sergiades, 1968. The average grade mined from 1905-1916 was 123 oz/ton Ag, Sergiades, 1968. Production came from primarily two narrow veins systems: Vein #1 and Vein #2 both had a strike length of 400 feet and extended 200 feet vertically, Sergiades, 1968. In the seventh annual report (1915-1916) of Hudson Bay Mines Limited, a 60 foot stope was initiated in the Keewatin sediments which returned a 6 foot wide interval with an average grade of 96.4 oz/ton Ag. Major ore minerals mined were native silver and smaltite with minor minerals such as chalcopyrite, galena and sphalerite with calcite as gangue. The Hudson Bay Mine claims are located to the Northwest of the Town of Cobalt, within the limits of the municipality and are easily accessed by gravel road. The two claims are 83.3 acres in size however the historical mining covered only a few acres.

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