Silver Acadia Reports Final Phase 1 Drill Results and Highlights Broader Mineralized System at Nicholas-Denys Silver Project
Silver Acadia Reports Final Phase 1 Drill
Results and Highlights Broader Mineralized
System at Nicholas-Denys Silver Project
Montreal, Quebec--(Newsfile Corp. - September 15, 2026) -
Silver Acadia Exploration Inc. (CSE:
SLA)
("
SLA
" or the "
Company
") is pleased to report the final assay results from its Phase 1 drill
program, including additional high-grade silver-gold-zinc-lead mineralization at the Hachey Zone and
broad copper-bearing intervals at the Millstream Zone on its flagship Nicholas-Denys Project.
With Phase 1 drilling complete, Silver Acadia has integrated the results with its extensive historical
database, core scanning, summer mapping and updated geological and structural interpretation. This
work is defining targets focused on the approximately 3-kilometre-long mineralized corridor at Nicholas-
Denys encompassing the Henry, Hachey and Shaft zones, while also highlighting mineralization
elsewhere along the broader regional Rocky Brook-Millstream structural system (see figure 1).
"
Our systematic approach to Nicholas-Denys has significantly improved our understanding of the
mineralized zones and, importantly, their relationship with secondary structures. We believe this is
revealing the potential for a district-scale mineralized system.
" said Julien Davy, CEO of Silver Acadia.
"
Within our 3-kilometre Main Zone of Interest, our evolving interpretation points to multiple high-grade
silver shoots within broader mineralized envelopes. Beyond this initial area of focus, mineralization at
Pine Tree W and the copper-rich Millstream Zone demonstrates that the broader Rocky Brook-
Millstream structural system remains prospective and significantly underexplored.
"
Final Phase 1 Drill Results
The final Phase 1 results continue to demonstrate significant silver, gold, zinc and lead mineralization at
the Hachey Zone, further supporting the Company's interpretation of a structurally controlled mineralized
corridor characterized by broader mineralized envelopes hosting higher-grade shoots.
The Company's approximately 3-kilometre-long Main Zone of Interest was initially defined as a priority
exploration area encompassing the Henry, Hachey and Shaft zones, where historical work and recent
drilling have identified a strong concentration of silver-rich mineralization. The boundaries of this area
are not interpreted as limits to the broader mineralized system.
Five additional holes tested the Millstream and Pine Tree W zones along the regional Rocky Brook-
Millstream structural system (Figure 1). At Millstream, drilling intersected multiple broad intervals of
copper mineralization, including near surface
23.8 m grading 0.49% Cu, 11.4 m grading 0.77% Cu
and 9.8 m grading 0.85% Cu and 0.48% Zn
. While the geological relationship between the copper-
rich Millstream Zone and the Ag-Au-Zn-Pb mineralization occurring elsewhere along the structural
system it is not yet fully understood, these results demonstrate that significant mineralization occurs
beyond the currently defined 3-kilometre Main Zone of Interest and highlight the broader multi-commodity
exploration potential of the Nicholas-Denys Project.
Highlight assay results:
Hole ND26-004 - Hachey Zone
1.1 m @ 467 g/t Ag, 0.7 g/t Au, 3.04% Zn and 3.70% Pb (1.1 m @
510 g/t AgEq)
Hole ND26-006 - Hachey Zone
8.6 m @ 91.5 g/t Ag, 1.51 g/t Au, 4.26% Zn and 1.24% Pb
5.5 m @ 374 g/t Ag, 1.4 g/t Au, 2.50% Zn and 2.34% Pb (
5.5 m @ 469.8 g/t AgEq)
including 1.8 m @ 878.8 g/t Ag, 3.7 g/t Au, 5.88% Zn and 5.36% Pb (1.8 m @ 1 131 g/t Ag)
Hole BC26-001B - Pine Tree W
1 m @ 2.52 g/t Au, 1.09% Zn and 1.27% Pb
Hole BC26-002 - Millstream Zone
11.3 m @ 0.60% Cu
including 0.4 m @ 4.65% Cu and 121 g/t Ag
11.4 m @ 0.77% Cu
Hole BC26-003 - Millstream Zone
9.8 m @ 0.85% Cu and 0.48% Zn
including 5.4 m @ 1.27% Cu, 0.3 g/t Au and 0.86% Zn
Hole BC26-004 - Millstream Zone
23.8 m @ 0.49% Cu
including 4.8 m @ 1.23% Cu, 0.4 g/t Au
Hole BC26-005 - Millstream Zone
7.7 m @ 0.43% Cu
including 1.9 m @ 0.75% Cu, 0.12 g/t Au
Full details regarding the Phase 1 drill program were previously disclosed in the Company's
April 1,
2026
, and
April 23, 2026
, press releases.
Millstream and Pine Tree W Zones
Drilling at the Millstream and Pine Tree W zones began in February 2026. The program tested two
distinct styles of mineralization within the broader Rocky Brook-Millstream structural system: (1) known
Skarn-type magnetite-copper mineralization in the historic Beresford Mines area along the Main Break
at Millstream, and (2) Ag-Zn-Pb mineralization along the Rocky Brook structure at Pine Tree W.
Five (5) drill holes totaling 1,034 metres were completed between February and early March 2026. All 5
holes reached their intended target areas; however, one hole was terminated before fully testing its
target due to poor ground conditions (BC26-001).
At Millstream Iron A Zone, drilling predominantly intersected indurated sedimentary rocks consisting of
bluish wacke, ferruginous sediments, sandstone, conglomerate and oxidized iron formations within the
skarn alteration aureole of the Nicholas-Denys intrusion. Sulphide mineralization consists predominantly
of chalcopyrite and sphalerite and is generally associated with sericite-chlorite alteration within the iron
formations and their wall rocks. Mineralization occurs as fine-grained disseminations, clusters, veinlets
and massive sulphide veins ranging from several millimetres to several centimetres in thickness.
At Pine Tree W, drilling intersected a strongly foliated sedimentary sequence of interbedded wacke and
mudrock containing rare early quartz veins. The sequence is strongly deformed, folded, boudinaged,
dismembered and transposed. Sulphide mineralization consists of pyrrhotite, pyrite, sphalerite, galena
and arsenopyrite occurring as disseminations, clusters, aggregates, stockworks, veinlets and massive
sulphide veins ranging from several millimetres to several centimetres in thickness.
Figure 1
: Location of the Hachey, Millstream Iron A and Pine Tree W zones where the 2026 phase 1
drilling program was completed.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6260/314391_854c17a124c8e804_002full.jpg
Table 1
Details of the drill holes reported in this news release
Project
Drilled Hole ID
Azimuth
Dip
Final Depth (m)
Target
Nicholas-
Denys
ND26-004
200
-67
150.0
Hachey and Pine Tree W Zones
:
Silver-gold and zinc-rich massive
sulfide stockwork veins
ND26-006
200
-55
150.0
BC26-001B
200
-47
250.0
BC26-002
190
-45
200.0
Millstream Iron A Zone
: Copper and
Zinc-rich mineralization within
sedimentary rocks
BC26-003
190
-55
178.0
BC26-004
190
-45
203.0
BC26-005
190
-55
203.0
Table 2
Assay results received since the last news release:
Hole #
Target /
Zone
From (m)
To (m)
Length
(1)
(m)
Ag (g/t)
Au (g/t)
Cu (%)
Pb (%)
Zn (%)
AgEq
(2)
(g/t)
ND26-004
Hachey
7.0
11.9
4.9
29.0
0.17
0.04
0.74
2.83
89.9
ND26-004
Hachey
34.7
39.3
4.6
10.8
0.06
0.02
0.19
1.16
34.4
incl.
39.0
39.3
0.3
105.0
0.07
0.06
2.30
2.12
145.2
ND26-004
Hachey
80.9
86.0
5.1
127.9
0.26
0.03
1.02
1.15
150.5
incl.
80.9
82.0
1.1
467.0
0.72
0.05
3.70
3.04
510.9
ND26-004
Hachey
92.8
98.2
5.4
54.5
0.32
0.03
0.44
0.96
89.0
incl.
92.8
93.2
0.4
611.0
2.88
0.09
5.11
5.62
848.1
ND26-004
Hachey
113.1
116.0
2.9
62.7
0.07
0.05
1.39
3.52
126.1
incl.
114.0
114.5
0.5
324.0
0.18
0.05
7.86
4.82
417.0
Hachey
ND26-006
Hachey
6.0
41.0
35.0
10.8
0.07
0.02
0.23
1.16
36.0
incl.
14.4
17.7
3.3
8.0
0.15
0.03
0.14
3.07
70.1
incl.
26.0
41.0
15.0
17.3
0.08
0.03
0.41
1.65
51.6
ND26-006
Hachey
51.0
59.6
8.6
91.5
1.51
0.06
1.24
4.26
271.5
incl.
51.4
55.9
4.6
125.7
1.52
0.07
1.94
5.19
320.9
incl.
59.0
59.6
0.6
160.0
7.45
0.03
1.21
1.24
736.2
ND26-006
Hachey
69.4
74.9
5.5
374.0
1.40
0.06
2.34
2.50
469.8
incl.
70.8
72.6
1.8
878.8
3.65
0.12
5.36
5.88
1,131
BC26-001B
Pine Tree W
132.9
133.3
0.5
23.8
0.92
0.01
2.48
1.03
127.6
BC26-001B
Pine Tree W
146.0
147.0
1.0
21.2
2.52
0.03
1.27
1.09
241.2
BC26-002
Millstream
29.0
40.3
11.3
8.9
0.02
0.60
0.01
0.03
45.3
incl.
30.0
30.4
0.4
121.0
0.06
4.65
0.11
0.18
383.8
incl.
34.5
34.8
0.3
27.2
0.15
5.19
0.00
0.04
345.1
BC26-002
Millstream
56.5
67.9
11.4
12.2
0.15
0.77
0.00
0.03
67.8
incl.
61.0
63.4
2.4
13.9
0.45
0.96
0.01
0.04
104.2
BC26-003
Millstream
33.0
39.7
6.7
8.5
0.02
0.66
0.00
0.04
48.2
BC26-003
Millstream
67.0
76.9
9.8
7.3
0.17
0.85
0.00
0.48
77.9
incl.
68.4
73.8
5.4
11.0
0.28
1.27
0.00
0.86
120.4
BC26-004
Millstream
20.5
21.4
0.9
7.1
0.04
0.52
0.00
4.28
108.4
BC26-004
Millstream
29.3
53.0
23.8
3.4
0.13
0.49
0.00
0.02
42.2
incl.
38.6
49.1
10.5
5.6
0.26
0.88
0.00
0.03
77.8
incl.
40.7
45.5
4.8
8.5
0.42
1.23
0.00
0.04
113.6
BC26-005
Millstream
20.0
33.3
13.3
3.0
0.01
0.27
0.00
0.11
20.9
BC26-005
Millstream
47.0
54.7
7.7
3.1
0.07
0.43
0.00
0.02
34.4
incl.
50.0
51.9
1.9
3.9
0.12
0.75
0.00
0.02
57.5
Hole #
Target /
Zone
From (m)
To (m)
Length
(1)
(m)
Ag (g/t)
Au (g/t)
Cu (%)
Pb (%)
Zn (%)
AgEq
(2)
(g/t)
(1)
All assay values are uncut, and intervals reflect drilled intercept lengths. True widths have not been determined as the mineralized body remains
open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
(2)
Ag Equivalent (AgEq): Only samples with over 5g/t Ag and over 0.05g/t Au were used - All metals are reported in USD and calculations consider
recoveries of 90 % for gold, 80 % for copper, and 80 % for silver. The following metal prices were used to calculate the AgEq metal content: $50/oz
silver, $4,000/oz gold (ratio Au:Ag = 80:1), $6.00/lb copper (ratio Cu:Ag = 0.008:1), $0.82/lb lead (ratio Pb:Ag = 0.001:1) and $1.59/lb zinc (ratio
Zn:Ag = 0.002:1).
Qualified Persons and Technical Notes
Julien Davy, P.Geo., M.Sc, MBA, Chief Executive Officer of Silver Acadia Exploration Inc., and a
qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, has
reviewed and approved the technical information contained in this news release.
Historical results disclosed in this news release were compiled from New Brunswick government
assessment reports and other public sources. The Qualified Person has not completed sufficient work to
independently verify these historical results, and they should therefore be considered historical in nature.
QA/QC
NQ diamond drill core samples were prepared at ALS Global facility in Moncton, New Brunswick and
assayed at ALS Global facility in Vancouver, BC. Analytical accuracy and precision are monitored by the
submission of blanks, certified standards and duplicate samples inserted at regular intervals into the
sample stream by Silver Acadia personnel. ALS Global quality system complies with the requirements
for the International Standards ISO 17025 and ISO 9001. ALS Global is independent of the Company.
About Silver Acadia Exploration Inc.
Silver Acadia Exploration Inc. (CSE: SLA) is a diversified mineral exploration company focused on
creating shareholder value through the discovery and development of large-scale mineral systems in
stable mining jurisdictions. The Company controls more than 250 km² of prospective mineral claims in
New Brunswick, Canada.
The Company's projects are located within and adjacent to the Bathurst Mining Camp and host
exploration targets typical of the Appalachian geological environment including silver-lead-zinc VMS
systems, structurally controlled gold systems, intrusion-related antimony-gold systems, and others.
On behalf of Silver Acadia Exploration Inc.
Julien Davy,
CEO
Silver Acadia Contact Information:
Email:
Website:
www.silveracadia.com
Wanda Cutler (mobile):
+1 (416) 303-6460
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Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown
risks and uncertainties that could cause actual results and activities to vary materially from targeted
results and planning. Such risks and uncertainties include those described in Silver Acadia' periodic
reports, including the annual report, or in the filings made by Silver Acadia from time to time with
securities regulatory authorities.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/314391