REPEAT - Cambria Gold Mines Intersects 98.56 g/t Gold over 8.2 Metres at the Silver Coin Deposit, Premier Gold Project

Cambria reports high-grade gold assays at Silver Coin and signs a US$250,000 marketing deal.

What the company is saying

Cambria Gold Mines Inc. highlights new assay results from four diamond drillholes totaling 657 metres at the Silver Coin Deposit, part of the Premier Mining Complex in British Columbia. The company emphasizes high gold grades, notably 98.56 g/t Au over 8.2 m (including 794.00 g/t Au over 1.0 m) in hole SC26-2714, and presents these results as supporting underground development at Silver Coin in spring 2027. Management frames Silver Coin as a key source of both tonnes and grade for the planned restart of the 2,500 tonne per day Premier Mill, with material from Silver Coin and the Premier Deposit expected to provide initial mill feed. The company projects that results from over 14,000 metres of additional drilling will inform a new Mineral Resource Estimate and Feasibility Study, targeted for completion in H1 2027. Cambria also discloses a contract with Native Ads Inc. for investor awareness and promotional services, with a term of up to twelve months and a total cost of up to US$250,000, to be paid from general working capital. The agreement with Native Ads does not include any securities compensation and is subject to TSX-V approval. The tone is confident, with a focus on technical progress and forward-looking development plans.

What the data suggests

The disclosed assay results from four drillholes at Silver Coin include standout intervals such as 98.56 g/t Au over 8.2 m (including 794.00 g/t Au over 1.0 m), 22.62 g/t Au over 4.4 m (including 93.80 g/t Au over 1.0 m), 3.75 g/t Au over 20.0 m (including 19.95 g/t Au over 1.0 m), and 4.55 g/t Au over 10.6 m, as well as 2.32 g/t Au over 30.0 m. Estimated true widths for these intervals range from 68% to 97%, with intervals calculated using a 1 g/t Au cut-off and a maximum 3 metres of internal waste. The technical disclosure is detailed, with full QA/QC protocols, sample preparation, and analytical methods described. The company expects over 14,000 metres of additional drill results in the coming weeks, which will underpin an updated Mineral Resource Estimate and Feasibility Study in H1 2027. Operationally, Cambria plans to use Silver Coin and Premier Deposit material as initial feed for the Premier Mill restart, but no production or economic figures are provided. The only financial figure disclosed is the US$250,000 cost of the Native Ads marketing agreement. There is no evidence of operational milestones achieved beyond the reported drilling, and all development timelines remain forward-looking.

Analysis

The announcement provides credible, specific assay results from four drillholes, which are well-supported by detailed numerical data and technical methodology. However, the narrative extends beyond realised results, with several forward-looking statements about underground development, mill restart, and future resource estimates that are not yet substantiated by operational milestones or schedules. The most promotional language relates to prioritising the Silver Coin Deposit for underground development in spring 2027 and expectations for mill feed and project sequencing, all of which are contingent on future drilling, studies, and permitting. While the technical disclosure is robust for an exploration-stage update, the benefits described (mine restart, mill feed, feasibility study) are long-term and not imminent. The only capital outlay disclosed is a modest US$250,000 marketing agreement, which does not trigger the capital intensity flag. Overall, the tone is moderately hyped relative to the actual stage of progress, but the technical data grounds the release in credible exploration activity.

Risk flags

• ●Operational risk is high, as the transition from promising drill results to actual underground development and mill restart requires successful completion of infill drilling, resource estimation, feasibility studies, permitting, and financing. None of these later-stage milestones are yet achieved or scheduled with certainty.
• ●Disclosure risk exists because while assay data is detailed, there are no resource, reserve, or economic figures, and no production or cash flow guidance. This limits an investor's ability to assess project economics or timeline credibility.
• ●Execution risk is material: the stated plan to restart the Premier Mill and develop Silver Coin by spring 2027 depends on multiple future steps, including completion of over 14,000 metres of drilling, study updates, and regulatory approvals, any of which could delay or derail the project.
• ●The US$250,000 marketing contract with Native Ads is a non-operational expense that will not directly advance project development, and there is no evidence that promotional spending will translate into increased investor interest or capital access.

Bottom line

Cambria Gold Mines Inc. delivers robust gold assay results from the Silver Coin Deposit, with grades and widths that could support underground mining, but all operational and economic milestones remain in the future. The company is still in the infill drilling and study phase, with a new Mineral Resource Estimate and Feasibility Study not expected until H1 2027. The only financial commitment disclosed is a US$250,000 investor awareness contract, which does not affect project fundamentals. Investors should recognize that while technical results are strong, value realization depends on successful completion of drilling, resource definition, permitting, and financing, none of which are yet secured. The most important takeaway is that Cambria remains an early-stage exploration and development play, with high-grade results but significant execution hurdles ahead.

Announcement summary

(TSXV:CAMB, OTCQX:CAMVF) Cambria Gold Mines Inc. announced new assay results from four diamond drillholes totaling 657 metres at the Premier Mining Complex (Premier Gold Project) near Stewart in northwestern British Columbia. Highlighted intervals include 98.56 g/t Au over 8.2 m (including 794.00 g/t Au over 1.0 m) in hole SC26-2714, 22.62 g/t Au over 4.4 m (including 93.80 g/t Au over 1.0 m) in hole SC26-2710, 3.75 g/t Au over 20.0 m (including 19.95 g/t Au over 1.0 m) in hole SC26-2710, and 4.55 g/t Au over 10.6 m and 2.32 g/t Au over 30.0 m in hole SC26-2719. Robert McLeod, President and CEO, stated that high gold grades over potentially underground bulk mineable widths at the Silver Coin Deposit make this area a priority for underground development in spring 2027. The Silver Coin Deposit is located five kilometers north of the Premier Mill and is accessed via an existing haul road. The northern portion of Silver Coin was previously mined in the 1990s by Westmin and Tenajon Resources. Cambria’s infill drilling campaign is focused on the southern extension of Silver Coin. 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 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 inform an updated Mineral Resource Estimate and Feasibility Study targeted for completion in H1 2027. Infill drilling is anticipated to continue through 2026 and into 2027, with a planned second phase of underground drilling commencing in early 2027. Drill results include intervals with estimated true widths ranging from 68% to 97% of the reported interval. Composite results are calculated using a 1g/t Au cut-off grade and a maximum 3 metres of internal waste, with “including” results at a 10g/t Au cut-off. All samples were obtained from NQ sized drill core, prepared at ALS in Terrace, BC, and analyzed by ALS Canada Ltd. using fire assay and ICP methods. The scientific and technical information was reviewed and approved by Blaine Smit, P.Geo., Vice President Exploration. Cambria also announced an agreement with Native Ads Inc. to provide investor awareness and promotional services for up to twelve months, at a total cost of up to US$250,000, including setup, content development, management, search engine marketing, native and display ad placement, and content distribution, to be paid from general working capital. The Company may renew or terminate the agreement at its discretion, and Native Ads will not receive any securities as compensation. The engagement is subject to TSX-V approval.

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