Cambria Gold Mines Intersects 17.95 g/t Au over 22.0 m, Including: 552.0 g/t Au over 0.5 m from Premier Mine Infill Drilling
Cambria Gold Mines Intersects 17.95 g/t Au
over 22.0 m, Including: 552.0 g/t Au over 0.5 m
from Premier Mine Infill Drilling
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) -
Cambria Gold Mines Inc.
(TSXV:
CAMB) (OTCID: AOTVF)
("
Cambria
" or the "
Company
") is pleased to announce the first results from
ongoing infill drilling at the Premier Gold Project ("
PGP
"), located in northwestern British Columbia.
Highlights include:
73.86g/t Au over 5.0 m (incl. 552.0 g/t Au over 0.5 m) within 17.95 g/t Au over 22.0 m in P26-2686
19.63 g/t Au over 1.6 m within 3.98 g/t Au over 15.4 m in P26-2690
8.23 g/t Au over 2.0 m within 3.35 g/t Au over 6.0 m in P26-2689
"This drilling at the 602 Zone is delineating high-grade mineralization, which could be accessed with
additional development from the recently constructed underground workings at the historic Premier
Mine,"
said Robert McLeod, President and CEO of Cambria Gold Mines.
"Two underground drills are
currently delineating the Prew Zone at Premier; our objective is to establish the strong continuity
similar to the nine primary shoots that were historically mined at the deposit."
Results from the first five diamond drillholes completed, totalling 1,815m are reported herein from the
"602 Zone" of the Premier-Northern Lights ("
PNL
") deposit. Drilling is focused on infill of Indicated and
Inferred Resources at the Premier deposits to provide the necessary drill spacing for development
planning.
The Company is of the opinion that the lack of infill drilling during development was a critical
factor in the difficulties encountered during the mining operations that led to a shut down of operations in
2024.
Gold mineralization is hosted within zones of quartz breccia, with sulfide infill and veining both within and
outside the breccia zones.
Sulfide mineralization includes pyrite, sphalerite, and galena with lesser
amounts of chalcopyrite.
Visible gold was identified in 2 of the 5 holes reported in this news release,
including an intercept of 552.0 g/t Au over 0.5m in P26-2686 (see Figure 3(a)).
This intercept occurs
within a wider interval of 17.95 g/t Au over 22.0m represented by a well-defined zone of quartz-sulfide-
cemented breccias and veins.
Gold veining is interpreted as a later stage event occurring within the
wider mineralized zone.
The 602 zone plunges gently to the northwest, and the lower part of the zone is truncated at depth by an
interpreted off-setting fault, highlighting a potential future exploration opportunity.
The zone remains open
down plunge.
The Company is also pleased to announce the commencement of underground drilling, with two
diamond drills currently turning at the Prew Zone.
Surface drilling will recommence in mid-May when
winter conditions end, targeting additional zones of the PNL deposit before moving to the Big Missouri
and Silver Coin deposits.
The Company intends to complete a total of 27,000m of infill development
drilling this year across the Premier Project deposits.
Figure 1: Plan Map showing 602 Zone surface drilling at the Premier - Northern Lights deposit
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4267/293442_e087cdfbb49bcb95_001full.jpg
Figure 2: Long section showing reported composite results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4267/293442_e087cdfbb49bcb95_002full.jpg
Figure 3a: P26-2686 (324.6 m): Visible gold within quartz-breccia and sulfide mineralization
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4267/293442_e087cdfbb49bcb95_003full.jpg
Figure 3b: P26-2686 (325.5 m): Mineralized quartz breccia with sulfide cement in hole P26-2686
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4267/293442_cambriafig3b.jpg
Table 1: Drill Results - Significant Intersections:
holeid
from
(m)
to (m)
Interval
(m)
Au
(ppm)
Ag
(ppm)
Zn
(ppm)
Pb
(ppm)
ETW
1
Including (>10g/t)
P26-2686
302.0
309.5
7.5
1.77
8.7
6702
3418
99%
P26-2686
317.0
339.0
22.0
17.95
18.7
12088
3178
99%
incl. 73.86 g/t Au over 5.0 m
P26-2687
302.8
309.4
6.6
3.61
10.4
14660
3774
98%
P26-2687
315.0
319.7
4.7
1.58
1.8
544
250
98%
P26-2688
317.0
328.1
11.1
2.19
5.5
3444
799
96%
P26-2689
89.2
92.3
3.1
3.94
83.3
4031
2268
99%
P26-2689
298.0
304.0
6.0
3.35
2.8
840
542
99%
incl. 8.23 g/t Au over 2.0 m
P26-2689
317.0
325.0
8.0
2.07
19.8
17830
4579
99%
P26-2689
333.0
344.5
11.5
1.37
4.8
5248
875
99%
P26-2690
92.5
97.2
4.7
3.93
117.3
7324
4013
99%
incl. 9.97 g/t Au over 1.5m
P26-2690
287.0
297.0
10.0
1.52
6.0
5575
1857
99%
P26-2690
311.0
314.0
3.0
3.39
3.4
615
258
99%
P26-2690
324.0
339.4
15.4
3.98
15.8
17554
7563
99%
incl. 19.63g/t Au over 1.6m
P26-2690
347.0
350.0
3.0
3.47
6.0
3217
1450
99%
1 - ETW = Estimated True Width.
All reported intervals are down-hole lengths, with true width
estimates ranging from 96-99% of the reported interval.
True widths are estimated based on the angle
of the drill hole with the interpreted trend of the mineralized zones.
Composite Calculations for Significant Intersections
Composites for significant intersections were calculated using a 1g/t gold (Au) cut off grade and
maximum 3m internal waste.
"Including" results are reported at a 10g/t Au cut off grade with maximum
3m internal waste.
Table 2: Drill Collar Locations and Hole Orientations
Hole ID
UTM
East (m)
UTM North
(m)
Elevation
(masl)
Total
Depth (m)
Azimuth
Dip
P26-2686
436602
6212780
442
359
169.5
-55.36
P26-2687
436598
6212777
442
365
174.9
-59.55
P26-2688
436597
6212779
442
377
197.06
-60.53
P26-2689
436601
6212781
442
361
165.19
-52.89
P26-2690
436603
6212781
440
353
156.75
-47.29
Quality Assurance/Quality Control and Sample Preparation
The Company maintains a rigorous sampling and QA/QC procedure for the 2026 drill program.
Core
samples are prepared at the ALS preparation lab in Terrace, BC.
The samples are dried and then
crushed to specifications of 70% passing 2mm.
Crushed samples are riffle split to 1000g and
pulverized to 85% passing 75µm.
Analytical work for all results is completed by ALS Canada Ltd. which maintains an internal quality
assurance and quality control (QAQC) program and is ISO:17025 certified for the analytical methods
used in this release. Pulp splits are sent directly from the Terrace preparation facility to the ALS
Canada Ltd. geochemistry laboratory facility in North Vancouver for analysis.
Each sample is
analyzed for gold by conventional 50g fire assay with atomic absorption finish (Au-AA26) and most
samples for multielement analysis by four-acid digest with an ICP finish (ME-ICP61).
Samples over 10ppm gold are re-analyzed by an overlimit 50g fire assay with a gravimetric finish (Au-
GRA22). Samples over 100ppm silver are re-analyzed with an ore grade method (ME-OG62) which is
a four-acid digest method followed by an ICP-AES finish (up to 1,500ppm). Samples over 1,500ppm
silver trigger the overlimit silver fire assay method (Ag-GRA21) which uses a 30g aliquot and
gravimetric finish. Sampling and storage activities are conducted at the Company's secure facility in
Stewart, British Columbia.
The Company maintains a QAQC program that includes the submission and review of coarse blank
materials to monitor contamination, certified reference materials to assess analytical accuracy, and
core duplicate samples to infer sampling precision.
Qualified Person and Technical Information:
The scientific and technical information within this news release was reviewed and approved by Blaine
Smit, P.Geo. Vice President Exploration for Cambria Gold Mines Inc.
Mr. Smit is a "Qualified Person"
as defined under National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
and is not
independent of the Company.
To verify the information related to this news release, Mr. Smit visited the
2026 drilling operations to review and discuss logging, sampling, and shipping procedures with
responsible site staff, and reviewed and discussed assay and QA/QC results with responsible company
personnel.
About Cambria Gold Mines
Cambria Gold Mines Inc. is a Canadian mining company headquartered in Vancouver, British Columbia,
and its shares trade on the TSX-V under the ticker CAMB and on the OTCID under the ticker AOTVF.
Cambria is the 100% owner of the Premier Gold mine and Red Mountain Gold Project that are located
on Nisga'a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia. For
more information about the Company, please refer to the Company's profile on SEDAR+ at
www.sedarplus.ca
or visit the Company's web site at
www.cambriagold.com
.
On behalf of the Board of Directors of Cambria Gold Mines Inc.
Robert McLeod
CEO and Director
For further information contact:
Email:
Phone: 778-725-1060
and:
Sam Brezden
Email:
Phone: 236-838-1840
Or visit:
https://cambriagold.com/
Cautionary Statements
:
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events
may constitute forward-looking information under Canadian securities laws ("forward-looking
statements"). Forward-looking statements are often, but not always, identified by the use of words such
as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and
"intend" and statements that an event or result "may", "will", "should", "could", "would" or "might" occur
or be achieved and other similar expressions. All statements, other than statements of historical fact,
included herein are forward-looking statements, including statements in respect of anticipated
outcome and results from the drilling program, the timing and outcome of underground drilling, the
ability of the Company to accomplish its business objectives and the intentions described herein; and
future plans, development and operations of the Company. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking statements, including: risks relating to
negative operating cash flows of the Company; business and economic conditions in the mining
industry generally; fluctuations in commodity prices and currency exchange rates; environmental
compliance; risks related to outstanding debt; uncertainty of estimates and projections relating to
development, production, costs and expenses, and health, safety and environmental risks;
uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral
deposits; the need to obtain additional financing to finance operations and uncertainty as to the
availability and terms of future financing; social media and reputation; negative publicity; human
rights; business objectives; shortage of personnel; health and safety; the possibility of delay in future
plans and uncertainty of meeting anticipated program milestones; claims and legal proceedings;
information systems and cyber security; internal controls; violation of anti-bribery or corruption laws;
competition; tax considerations; compliance with listing standards; enforcement of civil liabilities;
financing requirement risks; market price volatility of the common shares; uncertainty as to timely
availability of permits and other governmental approvals; the need for exchange approval, and other
regulatory approvals and other risk factors as detailed from time to time in Cambria's filings with
Canadian securities regulators, available on Cambria's profile on SEDAR+ at
www.sedarplus.ca
.
Forward-looking statements are based on assumptions made with regard to:
the estimated costs
associated with the care and maintenance plans; the tax rate applicable to the Company; future
commodity prices; the grade of mineral resources and mineral reserves; labor and materials costs
increasing on a basis consistent with the Company's current expectations, the ability of the Company
to convert inferred mineral resources to other categories; the ability of the Company to reduce mining
dilution; the ability to reduce capital costs; the ability of the Company to raise additional financing;
currency exchange rates being approximately consistent with current levels, compliance with the
covenants in Cambria's credit agreements; exploration plans; and general marketing, political,
business and economic conditions. Forward-looking statements are based on estimates and opinions
of management at the date the statements are made. Although Cambria believes that the
expectations reflected in such forward-looking statements and/or information are reasonable, undue
reliance should not be placed on forward-looking statements since Cambria can give no assurance
that such expectations will prove to be correct. Cambria does not undertake any obligation to update
forward-looking statements, other than as required by applicable laws. The forward-looking information
contained in this press release is expressly qualified by this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/293442