Brixton Metals Updates Us on Langis, Thorn and Sweden

Trevor Hall (0:16)

All right, continuing our coverage today, and we are going to get an update from Brixton Metals. They do trade on the Venture Exchange with BBB and on the OTCQX with BBBXF. It's been a few weeks since Gary Thompson, CEO of the company and I have been able to touch base, but there has just been a flurry of news coming out of the company over the last couple of weeks from late September until today.

Today was drill results coming out of the Langis Project. Before that, we had drill results coming out of the Thorn Project, and before that, big move into Sweden. Yeah, more on that in just a minute here. Gary, man, Fast and Furious, you're juggling a lot of things right now with the company with exploration. I mean, give us the broad sense of how everything is going there with the team.

Gary Thompson (1:07)

Yeah, it's good. We're in a bit of a hiring spree too, looking to staff up in Ontario because we just this week added a third drill.

So we're really pushing hard to get to that MRE, and yeah, we just need more meters. So we're pushing three drills now, 9,000 meters a month is what we're anticipating. So we're going to have a lot of news flow out of Langis over the winter months for sure.

Trevor Hall (1:43)

It's just a project that continues to deliver spectacular grades. Let's just start there, Gary. It was the news of the week here. Hole 412 hit just 6.5 meters of 667 grams per ton silver, and there was a shorter interval in there of whopping grades of silver. And then hole 442, 9 meters of 222 grams per ton silver with a half meter, and there's 1600 grams per ton.

So you're really hitting some spectacular grades here, Gary. Maybe since the last time you and I talked about Langis, what are you finding out here about the dimensions of this project, and where are you stepping out and finding more mineralization?

Gary Thompson (2:28)

Yeah. Well, and I think you missed the headline there, Trevor. It was four meters of 1975 within a broader 23.5 meters of 348 and 449 So what is telling us is that, I mean, there's still mineralization, obviously, that they didn't mine back in the day. And we've been all along, we've been just taking the strategy of drilling in and around all workings, which they're about 10 kilometers of underground workings.

And we're finding, obviously, new mineralization and just trying to expand away from some of these areas. And so we're still in that process of flushing out some of the mineralization trends. And in our most recent release, we broke it down into quadrants to give people a better idea when we're talking about these areas. Now, South, Shaft 6 South, Shaft 6 Southeast, East and West, from a reference point of Shaft 6 is where they pulled out most of the high-grade silver, and some of the zones were 20, 30-meter wide zones, that they're open stopes there.

So what we're trying to do is now we're moved off to the west side in an area with one drill called Dolphin Miller, which I think it maybe just had one hole there from Brixton back in the early days when we first started here. But some of the underground, we found an old underground map that actually wasn't digitized and it had some spectacular grade reported in this old map. So we're jumping out there to see if we can put that in a drill hole. And that's kind of way on the west end of the project. Yeah, so now we've got three drills, we're going to kind of space it out so they're not bumping into each other, but different parts of the Langis so that we can get good coverage. And ultimately, just trying to get enough meters and enough high grade behind us so we can get that MRE out sometime next year, which we're anticipating somewhere Q2 probably.

Trevor Hall (5:02)

I will say there's some excellent images in the news release here. I would point out to Figure 4, but also there's a Figure 5 kind of cross section of a lot of the drill results as well. And I'm looking at that here. That's that image here, Gary. I'm noticing a big gap between Shaft 6 and Shaft 6 West. And just kind of curious if this is at all perspective for you, if it's something that needs to be looked at, or if there's just not enough data there to support some allocation.

Gary Thompson (5:36)

Yeah, absolutely. There's, and we do see a bunch of gaps in and around these areas that we've been focusing on. Our attention's been given to areas where we know that there's high grade from either workings or historical production or from some of the underground drilling. And I think the next step is going to be, okay, well, once we've exhausted those known targets, then it's going to be, okay, we'll fill in some holes. And even if you go, if you look at the shaft 6 South area and the shaft 6 South East area, those are some of our two highest grade zones. And even this map actually doesn't show it correctly because it's taking a big width there, but there's still some room between our two best intercepts.