Brixton Metals drills bonanza-grade silver at Langis in Ontario

Brixton Metals (TSXV: BBB; US-OTC: BBBXF) has announced bonanza-grade silver assays from its wholly-owned Langis silver-cobalt project, 500 km north of Toronto in the Cobalt Camp area of eastern Ontario.

Highlights included drill hole 20-83, which intersected 5 metres grading 1,293.34 grams silver per tonne from 11 metres downhole. The hole also contained a 2-metre core of 3,205 grams silver per tonne and 0.15% cobalt and 1 meter of 3,860 grams silver and 0.30% cobalt. The hole was drilled at the Shaft 3 area of the past-producing underground mine on the property.

"We've been excited about this project from day one after we acquired it back in 2016," Gary Thompson, the company's chairman and CEO, said in a telephone interview. "Although our drill campaigns haven't been massive, every campaign that we've undertaken there has been successful in returning some bonanza-grade silver results."

The company has drilled 16 holes (993 metres) so far this year to identify new zones of silver mineralization near old workings on the property and to follow up on high-grade silver intercepts from a 2018 drilling campaign, the highlight of which was a 6-metre intercept of 4,719.33 grams silver per tone and 0.33% cobalt from 18 metres downhole in drill hole 18-42. The 2018 program covered approximately 6,862 metres and successfully identified high-grade silver and cobalt mineralization at the property.

"Even though Cobalt Camp is known for narrow, high-grade silver veins," says Thompson, "we were aiming to identify mineable widths of high-grade silver mineralization."

A sample from Shaft 3 showing visible silver mineralization. Photo credit: Brixton Metals.

Other highlights from the 2020 drill program included a 9-metre intercept grading 374.03 grams silver per tonne and contained a higher grade core of 2 metres of 1,429.50 grams silver from 8 metres downhole in drill hole 20-87. Drill hole 20-76 returned 6 metres grading 250.97 grams silver, including 2 metres at a grade of 702 grams silver and 1-meter grading 1,825 grams silver.

Both holes were drilled around the western extent of the historic underground workings, with silver mineralization occurring as fracture fillings, coatings and within veins associated with calcite-hematite hosted in a dark grey-green Huronian conglomerate.

"One of the things that really intrigued me about this project is the native silver mineralization that we're seeing, which is very clearly visible in the core samples," explained Thompson.

The Langis mine produced over 10.4 million oz. of silver and 358,340 lb. cobalt from shallow depths between 1908 and 1989. The mine closed in 1990 after silver prices dropped to US$5 per oz., and Thompson believes the project presents a unique opportunity for new discoveries from extensions to historical workings and further exploration on the property, which has been underexplored.

"Our thinking was that, as the adage says, 'a good place to look for a mine is near a mine,' we would continue looking around the historical workings and to look for extensions of these workings, and that is what we did," he said.

The company is now "digesting the results from the program" and is "keen to get back in there soon," Thompson says, noting that the project can be drilled year-round.

"We are now seeking a joint venture partner or strategic partnership to advance the project," he added.

At press time in Toronto, Brixton Metals was trading at 16 ? per share within a 52-week trading range of 8 ? and 43 ?.

The company has around 144 million common shares outstanding for a $23.14-million market capitalization.