Cambria Gold Mines reports high-grade results from Silver Coin drilling
The results are from an infill drilling program at the Premier Gold Project near Stewart, B.C.
VANCOUVER — Cambria Gold Mines Inc. has announced new assay results from its infill drilling program at the Silver Coin Deposit, part of the Premier Gold Project near Stewart, B.C.
Results from four diamond drillholes totalling 657 metres include highlight intervals of high gold grades.
"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," said Robert McLeod, president and CEO of Cambria Gold Mines.
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He said the 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.
"Silver Coin is a key deposit bringing both tonnes and grade to the hub-and-spoke complex we are building to support the Premier Mill," McLeod said.
He added the company is very encouraged by the results as it looks towards restarting production.
The results reported are the first 2026 infill drilling results from the Silver Coin Deposit, located five kilometres north of the Premier Mill with access via an existing haul road.
Mineralization consists of quartz breccias with infilling and overprinting veins of gold-bearing base metal sulfide mineralization.
The quartz breccia zones form both vertical and flat lying domains at Silver Coin, with the highest grades related to the presence of visible gold within wider zones of quartz-breccia and vein hosted sulfide mineralization.
The northern portion of the Silver Coin deposit was mined in the 1990s by Westmin and Tenajon Resources by underground longhole stoping.
Cambria’s approach to modelling the Silver Coin deposit is based on operational data and history shared from Robert McLeod’s cousin, Bruce McLeod, who led the exploration, development and mining programs done at Silver Coin in the 1990s.
The southern extension of this area is a focus of Cambria’s ongoing infill drilling campaign.
Material from Silver Coin, combined with high-grade from the Premier Deposit, is expected to provide the initial feed for Cambria’s 2,500 tonne per day Premier Mill during the restart of mining operations, while the construction of the Red Mountain Deposit is completed.
Results from over 14,000 metres of drilling at Silver Coin are expected over the next several weeks and will help to inform an updated Mineral Resource Estimate and Feasibility Study targeted for completion in the first half of 2027.
Cambria anticipates infill drilling to continue through 2026 and into 2027, with a planned second phase of underground drilling commencing in early 2027.
The scientific and technical information within the news release was reviewed and approved by Blaine Smit, vice president of exploration for Cambria Gold Mines Inc.
With files from Financial Post