Brixton Metals Company (BBB-TSXV, BBC XF(OTCQB) shares rose on Monday after the company announced results from ongoing exploration work at its wholly-owned Langis Silver project, located in the Cobalt District, Ontario.
The company said that the 2026 drilling campaign represents a milestone, as the drilling depth reaches 60,000 meters, which is the largest in the project’s history. It focuses on filling and expanding areas of high-grade silver. To date, 14,760 meters across 72 holes have been completed in 2026.
More recent drilling includes hole LM-26-341 located south of Shaft 6. It returned 27.7 meters of 166.45 g/t silver from 99.3 metres, including 2.3 meters of 1811 g/t silver from 107.2 metres, including 0.5 meters of 5580 g/t silver from 108.5 metres.
Brixton shares advanced on the news, rising 3.8%, or $0.03, to 80 cents. Shares are trading in a 52-week range of $1.45 to 45 cents.
The Langes project includes a former silver producing mine operated by… Agnico Eagle Mines Limited (AEM-TSX) but was closed in 1989 due to falling silver prices. Intermittently from 1908 to 1989, the Langes mine produced 10.4 million ounces of silver with a primary grade of 25 ounces per ton. More than 10 kilometers of underground workings have been developed by previous operators. However, the shafts and openings were closed and sealed. Historically, the Cobalt Camp silver mines have collectively produced more than 445 million ounces of silver.
The drill holes mentioned in the latest press release are designed to evaluate continuity of mineralization between previously reported ultra-grade silver intercepts from holes LM-26-289 and LM-26-305 in the Shaft 6 South zone. An interval of 2.3 metres, grading 1,811 g/t silver within a wider interval of 27.7 metres, grading 166.45 g/t silver in hole LM-26-341 confirms this continuity, albeit at variable grades consistent with the nature of mineralization at Langes.
“Collectively, to date, the results of the 2026 field campaign show that persistent high-grade silver mineralization continues in historic mining areas,” the company said.
Brixton Chairman and CEO Gary Thompson said: “Langis continues to deliver kilo-per-tonne as well as silver results and meaningful grades at large scales. “A second drilling operation is now underway at Langis to achieve our target of 60,000 meters this year as we progress towards a first mineral resource estimate.
The exploration target for the project has been set at 1.0 million to 2.0 million tons grading 400 g/t to 800 g/t silver. Located 500 kilometers north of Toronto, the project includes a former producing mine and excellent infrastructure, including access to all-season roads, power, rail and a refinery.
