Northwire Canada EditionWednesday, October 28, 2026
Northwire
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Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9% Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9%
Drill Results Routine +

Brixton Metals Reports Consistent Silver Grades Across All 85 Holes from Maiden Tailings Drill Program at the Langis Silver Project

Brixton reports a uniform 61.7 g/t Ag tailings profile supporting a maiden MRE, though tonnage and recovery economics remain undisclosed.

Executive Summary

Brixton Metals Corporation (BBB) has released the final results from its 2026 maiden tailings characterization drill program at its wholly owned Langis Silver Project in Ontario. All 85 sonic drill holes intersected silver-mineralized tailings material, yielding an overall length-weighted average grade of 61.7 g/t Ag across 119.5 m of tailings.

Individual hole tailings thickness ranged from 0.09 m to 3.70 m, averaging 1.41 m. The best result came from hole LT-26-051, which returned 1.53 m at 311.7 g/t Ag, including 0.50 m at 810 g/t Ag. Five other holes averaged above 100 g/t Ag, while the majority of results were tightly clustered, with 77 of 85 holes returning between 40 g/t and 90 g/t Ag. No cutoff grade was applied; the full sampled tailings interval in each hole was composited.

Metallurgical test work and mineral resource estimate modelling are currently underway, with two additional tailings areas still to be tested later. The release does not declare a mineral resource and explicitly states there is no certainty any portion of the tailings is economically recoverable.

Material Impact

Brixton Metals Corporation (BBB) is a pre-revenue junior explorer with a going-concern flag and no operating cash flow, meaning all value is tied to exploration ounces and future financing. The Langis high-grade bedrock discovery remains the main equity story, rather than the tailings program. The equity already re-rated strongly from about C$0.50 in late 2025 to C$1.27 in early 2026 on spectacular bedrock silver hits, then gave back most of that gain.

The July 21, 2026 highlight of 20 m at 5,015 g/t Ag caused a pop from roughly C$0.65 to C$0.80, but by early September the stock had faded back to C$0.66. This indicates the latest tailings result was not an embedded anchor the market was waiting to confirm, as the market is not trading Brixton primarily on the tailings program.

The tailings result is a clean, positive de-risking item for a secondary opportunity, but it provides no tonnage, no resource, no recovery data, and no economics yet.

BBB · Price
Company Overview

Brixton Metals Corporation (BBB) is a Canadian exploration company managing four distinct projects. The Langis Silver Project in Ontario, a past-producing high-grade silver-cobalt-nickel mine, serves as the primary focus for 2026 drilling and has yielded multiple ultra-high-grade silver intercepts. Historically, the Langis mine produced 10.4 million ounces of silver at a reported head grade of 777.5 grams per tonne of silver. The company has disclosed a conceptual bedrock exploration target for Langis of 1.0 to 2.0 million tonnes at 400 to 800 grams per tonne of silver, though no mineral resource has been defined.

The Thorn Project in British Columbia comprises a large copper-gold-silver-molybdenum land package featuring porphyry and high-sulphidation targets, including Camp Creek, Catalyst, Tempest, and Trapper. Additionally, the Hog Heaven Project in Montana is optioned to Ivanhoe Electric, while the Atlin Goldfields Project in British Columbia is optioned to Eldorado Gold.

According to the company’s investor presentation, the share price stands at C$0.65, with a market capitalization of C$57 million. There are 87.2 million shares outstanding, alongside 28.4 million warrants and 6.9 million options. Cash and receivables were reported at C$14.9 million as of June 30, 2026, but the company remains dependent on future financings.

Read the original news release →

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