Cambria Gold Mines reports high-grade drill results at Silver Coin deposit
The results are from an infill drilling program at the Silver Coin deposit, part of the Premier Gold Project near Stewart, B.C.
VANCOUVER · Cambria Gold Mines Inc. has released new assay results from four diamond drillholes at its Silver Coin deposit in northwestern British Columbia. The 657 metres of drilling is part of an infill program at the Premier Gold Project near Stewart. Company president and CEO Robert McLeod said the high gold grades over potentially mineable widths make the area a priority for underground development in the spring of 2027. The Silver Coin deposit is located five kilometres north of the Premier Mill and is accessed via an existing haul road.
"High gold grades over potentially underground bulk mineable widths at the Silver Coin Deposit makes this area a priority for underground development in the spring of 2027," McLeod said. "Our team has outlined a strong geological model of a multi-phased epithermal gold system with multiple, wide mineralized domains, several of which are open for expansion." He added that Silver Coin is a key deposit for the hub-and-spoke complex being built to support the Premier Mill. The mineralization consists of quartz breccias with veins of gold-bearing base metal sulfide.
The northern portion of the Silver Coin deposit was mined underground in the 1990s. Cambria's modelling approach uses operational data and history shared by Bruce McLeod, who led the 1990s programs and is a cousin of the current CEO. The company's current drilling campaign is focused on the southern extension of the deposit. Ore from Silver Coin and the Premier Deposit is expected to provide initial feed for the restart of the 2,500 tonne per day Premier Mill.
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Results from more than 14,000 metres of drilling at Silver Coin are anticipated in the coming weeks. These will inform an updated Mineral Resource Estimate and Feasibility Study, which is targeted for completion in the first half of 2027. The company expects infill drilling to continue through 2026 and into 2027. A second phase of underground drilling is planned to start in early 2027.
All samples for the 2026 drill program were obtained from NQ sized drill core. The company said it maintains a rigorous sampling and quality assurance procedure. Core samples are prepared at an ALS lab in Terrace, B.C., and analyzed by ALS Canada Ltd. in North Vancouver. The scientific and technical information was reviewed and approved by company vice president of exploration Blaine Smit, a qualified person under National Instrument 43-101.
With files from Financial Post