Cambria Gold Mines Announces 166.2 g/t Au and 3,383 g/t Ag over 3.1 Meters at Premier and Expanded Drilling Program

Cambria reports high-grade gold and silver intercepts and expands drilling at Premier Project.

What the company is saying

Cambria Gold Mines Inc. is highlighting new assay results from 6,923 metres of infill drilling across 70 holes at the Premier Gold Project in British Columbia. The company emphasizes high-grade intervals, notably 166.22 g/t Au and 3,383 g/t Ag over 3.1 metres in hole P26U-0095, with even higher grades in sub-intervals. Management, led by President and CEO Robert McLeod, frames these results as evidence of strong continuity of high-grade mineralization and points to historical silver production exceeding 40 million ounces. Cambria is expanding its infill drilling program at the Premier Mine Complex to a planned 42,000 metres, targeting both bulk mineable and high-grade zones. The company stresses rigorous QA/QC protocols, with technical oversight by Vice President Exploration Blaine Smit, P.Geo., who has verified procedures and results on site. The narrative is confident, focusing on the scale of the program, the quality of results, and the near-term pipeline of additional results, particularly from the Silver Coin deposit. The company also references ongoing evaluation of new exploration targets and the potential for further discoveries.

What the data suggests

The disclosed results confirm multiple high-grade gold and silver intercepts, with headline intervals such as 166.22 g/t Au and 3,383 g/t Ag over 3.1 metres (including 467 g/t Au and 9,510 g/t Ag over 1.1 metres) and 18.26 g/t Au and 34 g/t Ag over 9.2 metres. Other notable holes include 14.68 g/t Au and 32 g/t Ag over 10.0 metres, and 42.88 g/t Au and 207 g/t Ag over 3.0 metres. The results are from both surface and underground drilling, with infill holes on 12.5 metre centres, supporting detailed mine planning and resource confidence. The expansion to 42,000 metres of planned drilling is a substantial commitment, indicating a capital-intensive phase focused on resource definition. The technical disclosures are detailed, with true width estimates, QA/QC protocols, and named technical oversight, but there is no updated resource estimate, economic study, or cost data. The evidence supports the presence of high-grade mineralization but does not yet establish economic viability or project scale. The program is ongoing, with further results from the Silver Coin deposit expected in October 2026 and continued drilling through year-end.

Analysis

The announcement provides detailed and credible assay results from 6,923 metres of drilling, with specific grades, intervals, and hole IDs, which supports the realised progress in the infill drilling program. However, a significant portion of the release is forward-looking, focusing on the planned expansion to 42,000 metres, additional drilling at the Silver Coin deposit, and ongoing work through the end of 2026. While the technical QA/QC procedures and named reviewers add credibility, there is no disclosure of updated resource estimates, economic studies, or financial metrics. The tone is optimistic, emphasizing 'strong continuity' and 'excellent silver results,' but the actual realised progress is limited to technical drilling milestones, not economic or commercial outcomes. The capital intensity flag is triggered by the large-scale expansion of the drilling program, with benefits (such as resource upgrades or mine development) only expected after further work and not immediately realised. Overall, the narrative is somewhat inflated relative to the current stage, as the bulk of the value proposition remains contingent on future drilling and subsequent studies.

Risk flags

• ●There is no updated resource estimate or economic study provided, so the economic significance of the reported grades and widths remains unquantified. Without resource or reserve figures, investors cannot assess the project's scale or viability.
• ●The expanded 42,000 metre drilling program is capital intensive, and its success depends on continued high-grade results and eventual conversion to resources. If subsequent drilling fails to confirm continuity or scale, the investment may not yield value.
• ●The timeline to value realization is extended, with key milestones such as resource updates and economic studies only possible after the end of 2026. Delays in drilling, assay turnaround, or reporting could push these milestones further out.
• ●The company's narrative relies heavily on technical success and historical production, but there is no disclosure of costs, funding status, or financial health, leaving open questions about the company's ability to sustain the expanded program.

Bottom line

Cambria Gold Mines Inc. has delivered credible, high-grade gold and silver assay results from its Premier Gold Project in British Columbia and is committing to a major expansion of its infill drilling program to 42,000 metres. The technical disclosures are robust, with detailed intervals, QA/QC protocols, and named oversight, but the absence of updated resource estimates or economic assessments means the commercial impact is still unproven. The timeline for material value realization is measured in months to a year, with further results from the Silver Coin deposit due in October 2026 and drilling continuing through year-end. The scale of the drilling program signals ambition but also increases capital and execution risk, especially in the absence of financial disclosures. Investors should focus on the delivery of resource upgrades, economic studies, and evidence of project scalability in future updates. The most important takeaway is that while the grades are impressive, the path to defining an economically viable project is still underway and will require sustained technical and financial execution.

Announcement summary

(TSXV:CAMB; OTCQX:CAMVF) Cambria Gold Mines Inc. has announced new assay results from its ongoing infill drilling program at the Premier Gold Project, located near Stewart in northwestern British Columbia. The company reports results from a total of 6,923 metres drilled across 70 surface and underground drillholes. Highlight intervals include 166.22 g/t Au and 3,383 g/t Ag over 3.1 metres (including 467 g/t Au and 9,510 g/t Ag over 1.1 metres) in hole P26U-0095, 18.26 g/t Au and 34 g/t Ag over 9.2 metres (including 36.70 g/t Au and 48 g/t Ag over 0.9 metres) in hole P26-2705, and 14.68 g/t Au and 32 g/t Ag over 10.0 metres (including 57.20 g/t Au and 112 g/t Ag over 2.0 metres) in hole P26U-0049. Other notable results include 37.38 g/t Au and 134 g/t Ag over 5.0 metres (including 46.18 g/t Au and 165 g/t Ag over 4.0 metres) in hole P26U-0051, and 42.88 g/t Au and 207 g/t Ag over 3.0 metres (including 126.5 g/t Au and 599 g/t Ag over 1.0 metre) in hole P26U-0052. Robert McLeod, President and CEO, stated that the infill drilling is demonstrating strong continuity of high-grade mineralization and highlighted the excellent silver results, referencing over 40 million ounces of silver historically produced from the area. The company is expanding its infill drilling program at the Premier Mine Complex to a planned 42,000 metres, targeting areas of wide, potentially bulk mineable mineralization. Infill drilling is being conducted on average 12.5 metre spaced centres to support accurate mine planning and increased Mineral Resource confidence. The Prew Zone drilling is defining an area of high-grade silver and gold associated with silver sulphosalts and native silver or electrum, as shown in hole P26U-0095. Reported results are from both underground drilling at the Prew Zone and surface holes infilling other areas of the Premier-Northern Light Deposit. Additional areas are being evaluated for stope and underground drilling access in Q4 2026. The zone intersected by P26-2705 is believed to be continuous with the 602 Zone drilled earlier in 2026 and will be targeted for further follow-up. The expanded program will also include additional infill drilling at the Silver Coin deposit, with initial results expected in October 2026. The drilling program is expected to continue until the end of 2026, with further infill and exploration drilling planned at the Premier-Northern Lights Deposit over the winter months. Exploration drilling will follow up on hole P25-2673, which intersected 16.20 g/t Au over 3.9 metres in 2025. The company maintains a rigorous QA/QC program, with samples prepared at ALS in Terrace, BC, and analyzed by ALS Canada Ltd. using fire assay and ICP methods, with overlimit procedures for high-grade samples. Blaine Smit, P.Geo., Vice President Exploration, reviewed and approved the technical information and visited the 2026 drilling operations to verify procedures and results.

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