Brixton rallies on high grade Ontario silver results
Brixton Metals Corp. [BBB-TSXV, BBBXD-OTCQB] shares advanced Tuesday after the company announced the first drilling results from its ongoing drilling program at the wholly-owned Langis Silver Project, located in the Cobalt, Ont., region.
The shares rose 9.09% or $0.09 to $1.08 and trade in a 52-week range of $1.45 and 45 cents.
The company has said the fully-funded 2026 phase one drill campaign will consist of 15,000 metres of shallow near-surface drilling. Previous drilling has yielded 15 intercepts greater than 1,000 g/t silver, including three intercepts greater than 5,000 g/t silver in the Shaft 3 area.
The Langis project includes a former producing silver mine that was operated by Agnico-Eagle Mines Ltd. (AEM-TSX, AEM-NYSE) 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.
The company said initial drill results for this season were positioned to evaluate silver mineralization south of the Shaft 6 area, where previous campaigns identified silver predominantly hosted within vertical, dilatant zones and shear veins, manifesting as native silver. Several holes reported in the company’s latest press release successfully intercepted silver mineralization. Notably, holes LM-26-296 and LM-26-301 returned continuous silver mineralization over a 10-plus metre interval, highlighted by very high-grade zones.
Drilling highlights include Hole LM-26-296, which returned 14.45 metres of 708.7 g/t silver from 116 metres depth, including 0.5 metres of 15,522 g/t silver from 118.00 metres depth
LM-26-301 returned 14.45 metres of 721.4 g/t silver from 109.55 metres depth, including 1.75 metres of 5,791 g/t silver from 114.50 metres depth.
The company said the 2026 drill campaign represents a significant milestone for the Langis Project, focused on both expansion and infill drilling of established high-grade silver zones and the evaluation of new mineralized areas along key structural trends. To date in 2026, approximately 6,226 metres have been completed in 32 drill holes and assay results form nine are reported in the latest press release.
“Langis continues to deliver strong silver grades at shallow depths and silver mineralization remains open in multiple directions,’’ said Langis Chairman and CEO Gary Thompson. “Drilling continues in the Shaft 6 area with the goal of developing new mineralized trends away from the underground workings,’’ he said. “In addition, Brixton plans to evaluate and quantify silver in its tailings on private patents at Langis.’’ Samples collected by previous owners returned between 1.5 and 4.0 ounces per tonne silver from these tailings. “Some grid drilling and metallurgical work is planned as soon as spring arrives.’’