Cambria Gold Mines Announces Premier Assay Results and Spin Out Plan for a US Copper Project

Cambria Gold Mines announced the first results from its ongoing infill drilling at the Premier Gold Project (PGP), located in northwestern British Columbia. Cambria Gold Mines began trading on February 13, 2026. Cambria’s short and long-term business objectives involve the synchronised development of two lead assets in BC’s Golden Triangle.

Cambria Gold Project Results

Canada, 27th Apr 2026– Global Stocks News – Sponsored content disseminated on behalf of Cambria Gold Mines. On April 21, 2026, Cambria Gold Mines (TSXV: CAMB; OTCID: AOTVF) announced the first results from its ongoing infill drilling at the Premier Gold Project (PGP), located in northwestern British Columbia. Highlight intercept: 22 meters @ 17.95 grams per tonne (g/t) gold, including 552.0 g/t gold over 0.5 meters.

Cambria Gold Mines began trading on February 13, 2026. Cambria’s short and long-term business objectives involve the synchronised development of two lead assets in BC’s Golden Triangle.

The Premier Gold Project has paved road access, grid-connected hydroelectric power, and proximity to a deep-water port. Multiple deposits include Premier, Silver Coin, Big Missouri, Dilworth, and Martha Ellen.

Red Mountain is a high-grade underground gold deposit, located approximately 15 kilometres northeast of Stewart, BC, within Nisga’a Nation Treaty Lands, in BC’s Golden Triangle. “We intend that the Premier Gold Project will serve as an infrastructure and processing hub, while Red Mountain is prioritized as the initial source of high-confidence mill feed,” Robert McLeod, President and CEO of Cambria Gold Mines, told Guy Bennett, the CEO of Global Stocks News (GSN).

Premier Drilling Program Update

“We have our first drill results from the 2026 season at the Premier Gold Project,” stated McLeod in an April 21, 2026, News Explained YouTube Short. “With our first drill hole, we absolutely nailed it with about 18 grams per tonne over 22 meters. That’s very close to true widths. It’s from the 602 zone, which is on the western side of the famous Premier Gold Mine.”

“We released the first five drill holes of our 27,000-meter ongoing infill drilling program at the Premier Gold Project,” added McLeod. “We currently have two drills that are underground on the opposite side of the ore body, called the Prew Zone.”

“This drilling at the 602 Zone is delineating high-grade mineralization,” McLeod confirmed in the April 21 press release. In addition, he said it could be accessed with additional development from the recently constructed underground workings at the historic Premier Mine. Moreover, “Two underground drills are currently delineating the Prew Zone at Premier. Our objective is to establish strong continuity similar to the nine primary shoots that were historically mined at the deposit,” he added.

In total, the first five diamond drill holes covered 1,815 meters. These results came from the “602 Zone” of the Premier-Northern Lights deposit. In addition, the company reported the drilling results. The drilling focuses on infill of Indicated and Inferred Resources at the Premier deposits. Therefore, it aims to improve drill spacing for development planning.

Geological Review Technical Data

The Cambria geological team believes that the lack of infill drilling during development was a critical factor in the difficulties encountered during the mining operations that led to a shutdown of operations in 2024.

Above: Plan Map showing 602 Zone surface drilling at the Premier – Northern Lights deposit 

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.

On April 22, 2026 Cambria announced the completion of additional claim staking at the Mt. Margaret copper-gold porphyry deposit near Randle, Washington.

Mt Margaret Expansion Plans

The new staking consists of approximately seven square kilometres of unpatented lode claims surrounding the Cambria’s patented federal claims. The patented claims are held in partnership with the United States Federal Government Bureau of Land Management.

Cambria Gold has been advancing discussions with various US Federal Government Departments regarding the future direction for the deposit. These discussions have led Cambria to initiate a plan to “spin out” the copper asset into a new US entity.

“There’s a historic resource that was completed prior to National Instrument, 43-101, and shouldn’t be relied upon,” confirmed McLeod in an April 22, 2026 News Explained YouTube Short.  “It’s 577 million tonnes at 0.36 % copper and 0.24g/t Au. This was drilled in the 1970s. The historic resource was established in 1977. The only other work was done in 2010 when Ascot Resources completed 10 drill holes, and almost all of them ended in mineralization.” [See Footnote 1 for full disclosure details on the historic resource]

“Mount Margaret is potentially one of the most significant copper resources in the United States,” added McLeod in the YouTube video. “It is our intention at Cambria to spin this company out into a new US-domiciled entity. We expect that to happen within the next couple of months. Stay tuned for more news on how we’re going to advance Mount Margaret.”

Compliance Review Disclosure Standards

Note: the scientific and technical information within this release was reviewed and approved by Blaine Smit, P.Geo. Vice President Exploration for Cambria Gold Mines, and is therefore not independent. Mr. Smit is a “Qualified Person” as defined under NI 43-101 and visited the Mt. Margaret project in March of 2026 to review 2010 drill core, property geology, and monumented drill collars.  Mr. Smit was not involved with the 2010 drill program by Ascot Resources Ltd. and is relying on the publicly available disclosures and internally available assay and QA/QC files, along with physical review of drill core, to verify the results of the 2010 drilling.

Contact: guy.bennett@globalstocksnews.com

Footnote:

1. The historical resource estimate was completed by Duval Corporation for the Mt. Margaret deposit. It reported 577Mt grading 0.36% Cu, 0.24 g/t Au, 0.011% Mo, and 1.58 g/t Ag (Taylor, 1980 & Derkley et al, 1990).1,2 However, this historic estimation work predates National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101”) guidelines. In addition, it does not follow the currently accepted reserve and resource classifications set by the Canadian Institute of Mining and Metallurgy (August 20, 2000 CIM Guidelines) or the United States Securities and Exchange Commission’s Regulation Subpart 1300 of Regulation S-K (“S-K 1300”).
2. Cambria cautions that it does not treat the historic Duval work as a current mineral resource estimate. Moreover, a Qualified Person has not completed sufficient work at any point in the project’s history to classify it as such. In addition, uncertainty around cut-off grade, metal prices, modelling methods, and other assumptions used in the Duval work may affect the reliability of the historic estimate.
3. Cambria still considers the Duval work relevant because it includes many supporting historical drillholes. Furthermore, Ascot drilling in 2010 confirmed many of these results. However, further work is still required. This includes additional infill drilling, geological modelling, and assay certificate and collar validation by a Qualified Person under NI 43-101.
4. Finally, this work would be needed to produce a NI-43-101 or S-K 1300 compliant resource. However, there are no guarantees that this additional work would confirm the historical resource estimate defined by Duval.

Frequently Asked Questions (FAQs)

1. What were the latest drilling results at the Premier Gold Project?

Cambria Gold Mines reported initial infill drilling results with high-grade gold intercepts, including 22 meters at 17.95 g/t gold. In addition, these early findings come from the 602 Zone. As a result, they may help refine resource estimates. However, further drilling and technical validation are still needed to confirm continuity and the overall deposit scale.

2. Where is the Premier Gold Project located?

The Premier Gold Project lies in northwestern British Columbia, within the Golden Triangle region of Canada. This area is known for mineral activity and strong infrastructure. For example, it offers road access, hydroelectric power, and proximity to a deep-water port. Therefore, these features may support future development planning.

3. What is the purpose of the current infill drilling program?

The ongoing 27,000-meter infill drilling program aims to improve geological understanding and upgrade resource classifications. In addition, the company plans to reduce drill spacing to support development and identify consistent mineralization zones. However, results still depend on ongoing analysis and technical review.

4. What role does the Red Mountain project play in Cambria’s plans?

Red Mountain may serve as a potential high-grade underground source of mill feed. In addition, the company plans to use Premier as a processing and infrastructure hub. At the same time, it prioritizes Red Mountain for early-stage production. However, this plan depends on feasibility studies and regulatory approvals.

5. What caused previous operational challenges at the Premier site?

According to the geological team, limited infill drilling during earlier development phases may have caused operational challenges. In such cases, a lack of data on mineral continuity can affect mine planning. Therefore, the current program aims to address these gaps through detailed drilling and analysis.

6. What is the Mt. Margaret copper project expansion about?

Cambria expanded its land position around the Mt. Margaret copper-gold deposit in Washington by staking additional claims. As a result, this move may support future exploration and evaluation. However, development plans still depend on regulatory processes, technical studies, and discussions with authorities.

7. What does the “spin-out” plan for the US copper project mean?

The company is considering separating the Mt. Margaret project into a new US-based entity. In general, a spin-out allows focused management and financing for a specific asset. However, timelines and outcomes still depend on approvals, regulatory requirements, and market conditions.

8. How reliable is the historical resource estimate at Mt. Margaret?

The historical estimate comes from older studies and predates modern standards like NI 43-101. Therefore, it provides context but does not represent a current resource. To update it, the company needs more drilling, verification, and modeling under current guidelines.

9. Who reviewed the technical data in the announcement?

A Qualified Person reviewed the scientific and technical information under National Instrument 43-101 standards. This process includes site visits, sampling checks, and assay validation. However, it does not guarantee future resource results or economic outcomes.

10. When did Cambria Gold Mines begin trading publicly?

Cambria Gold Mines began trading on February 13, 2026. As a publicly listed company, it follows regulatory frameworks. However, project progress, exploration results, and timelines may change based on technical work and external factors.

Company Details

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