Drill Results

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

Uniform 61.7 g/t Ag tailings profile supports a maiden tailings MRE, but lacks tonnage and recovery economics to re-rate

By The Northwire Desk — AI Analysis Sep 08, 2026 · 07:30 BBB · 0.66 Brixton Metals Corporation

Executive Summary

Brixton reported the final results from its 2026 maiden tailings characterization drill program at the wholly owned Langis Silver Project in Ontario.
All 85 sonic drill holes intersected silver-mineralized tailings material.
The overall length-weighted average grade is 61.7 g/t Ag across 119.5 m of tailings intersected.
Individual hole tailings thickness ranges from 0.09 m to 3.70 m, averaging 1.41 m.
The best hole was LT-26-051: 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, but most results are tightly clustered: 77 of 85 holes returned 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 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 is a pre-revenue junior explorer with a going-concern flag and no operating cash flow, so all value is tied to exploration ounces and future financing.
The Langis high-grade bedrock discovery is the main equity story, not the tailings.
The equity already re-rated strongly from about C$0.50 in late 2025 to C$1.27 in early 2026 on the 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.
That means the latest tailings result was not an embedded anchor the market was waiting to confirm. 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.
I would not expect this release to move the share price 15% or more. At most, it may provide a few percent of support against the broader downtrend.
This is therefore incremental positive news, not a material re-rating event.

BBB · Price

Company Overview

Brixton Metals is a Canadian exploration company with four projects.
Langis Silver Project, Ontario: past-producing high-grade silver-cobalt-nickel mine; the main 2026 drilling focus and the source of multiple ultra-high-grade silver intercepts.
Thorn Project, British Columbia: large copper-gold-silver-molybdenum land package with porphyry and high-sulphidation targets including Camp Creek, Catalyst, Tempest and Trapper.
Hog Heaven Project, Montana: optioned to Ivanhoe Electric.
Atlin Goldfields Project, British Columbia: optioned to Eldorado Gold.
The Langis mine historically produced 10.4 Moz silver at a reported head grade of 777.5 g/t Ag.
The company has disclosed a conceptual Langis bedrock exploration target of 1.0–2.0 million tonnes at 400–800 g/t Ag, but no mineral resource has been defined.
Investor presentation figures include share price of C$0.65, market capitalization of C$57M, 87.2M shares outstanding, 28.4M warrants, and 6.9M options.
Cash and receivables were reported at C$14.9M as of June 30, 2026, in the investor presentation, but the company remains dependent on future financings.

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