Brighton comes on this arvo and from the looks will be very tightly held, the directors own the vast majority of stock.
Brighton has very promising exploration projects that are located in the gold rich province of Mondulkiri with hosts the Oz Minerals project of "Okvau".
Although the Concessions are at an earlier stage of exploration, Brighton has already carried out substantial geological studies and sampling, the results of which suggest that the Concessions are highly prospective for gold mineralisation and other base metals.
Although exploration is at a relatively early stage with no drilling, rock chip sampling from the Concessions returned grades of up to 280 g/t gold (Au), 345 g/t silver (Ag), 3.07% copper (Cu) and 17.90% zinc (Zn), 1. suggesting the existence of high grade gold mineralisation on the Concessions and that the Concessions are sufficiently prospective, subject to varying degrees of risk, to warrant further exploration for quartz vein hosted gold mineralisation both near surface and at depth, and where economic, development for mining.
The Concessions share a similar geological setting and style of mineralisation to the Okvau Project of Oz Minerals Ltd some 10km to the south, where in March 2010 it reported a JORC inferred resource of 8.3 million tonnes at 2.3 g/t gold containing 605,000 ounces of gold
Prospective drill targets have been identified for definition and subsequent intensive exploration
Preliminary metallurgical testing by Brighton confirms that conventional crush/grind/ carbon in pulp technology would result in reasonably high extraction of gold, achieving approximately 93% recovery in tests to date.
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