Brixton Metals (BBB.V) appears to be zeroing in on the high-grade silver mineralization on its Langis silver-cobalt project in Ontario. Several holes intersected relatively wide mineralized intervals with very high-grade silver values: 6 meters at in excess of 4,700 g/t, 8 meters at in excess of 810 g/t and a subsequent 3 meters of just 43.97 g/t silver but 1.23% cobalt (for a silver-equivalent grade of almost 2,000 g/t using $35 cobalt and $15 silver are nothing to sneeze at. On top of that, this last hole which contained the high-grade cobalt values has not been drilled before, so this could open up a whole new area to be explored in future drill programs.
Brixton has now completed almost 7,000 meters of drilling at Langis, and it looks like the company was more successful in identifying and confirming high-grade silver zones rather than hitting the cobalt intersections we had been hoping for. Sure, anything above 0.1% cobalt will make a fine by-product credit (as every 0.1% Cobalt is the equivalent of 5 ounces of silver per tonne), but it doesn’t look like Langis will be a primary cobalt deposit.
This definitely doesn’t mean Langis will be worthless, and it will be interesting to see how Brixton will be able to tie everything together into a resource estimate.