Brixton advances on Ontario high-grade silver results
Brixton Metals Corp. [BBB-TSXV, BBBCXF-OTCQB] shares advanced Monday after the company announced results from its ongoing exploration at the wholly-owned Langis Silver Project, located in the Cobalt, Ont., region.
The company said the 2026 drill campaign marks a significant milestone, 60,000 metres of drilling, the largest in the history of the project. It is focusing on infill and expansion of high-grade silver zones. To date, 14,760 metres, across 72 holes has been completed in 2026.
The latest drilling highlights include hole LM-26-341 located south of Shaft 6. It returned 27.7 metres of 166.45 g/t from 99.3 metres, including 2.3 metres of 1,811 g/t silver from 107.2 metres, including 0.5 metres of 5,580 g/t silver from 108.5 metres.
Brixton shares advanced on the news, rising 3.8% or $0.03 to 80 cents. The shares trade in a 52-week range of $1.45 and 45 cents.
The Langis project includes a former producing silver mine that was operated by Agnico-Eagle Mines Ltd. (AEM-TSX) but was closed in 1989 due to low silver prices. Intermittently from 1908 to 1989, the Langis Mine produced 10.4 million ounces of silver at a head grade of 25 ounces per tonne. Over 10 kilometres of underground workings were developed by previous operators. However, shafts and openings have been closed and sealed. Historically, silver mines in the Cobalt Camp have collectively produced over 445 million ounces of silver.
Drill holes reported in the latest press release were designed to evaluate the continuity of mineralization between the ultra-high-grade silver intercepts previously reported from holes LM-26-289 and LM-26-305 in the Shaft 6 South area. The interval of 2.3 metres, grading 1,811 g/t silver within a broader interval of 27.7 metres grading 166.45 g/t silver in hole LM-26-341 confirms this continuity, albeit with variable grades that are consistent with the vein-hosted nature of the mineralization at Langis.
“Collectively, to date, the results from the 2026 field campaign demonstrate that continuous high-grade silver mineralization persists within areas of historical mining,’’ the company said.
“Langis continues to deliver kilogram per tonne plus silver results and meaningful grades over substantial widths,’’ said Brixton Chairman and CEO Gary Thompson. “The second drill is now operating at Langis to meet our goal of 60,000 metres this year as we advance toward a maiden mineral resource estimate.’’
An exploration target for the project has been identified in the range of 1.0 million to 2.0 million tonnes grading 400 g/t to 800 g/t silver. The project is located 500 kilometres north of Toronto and includes a former producing mine and excellent infrastructure, including all-season road access, power, rail connection and a refiner.