Cambria Gold Mines Reports 98.56 g/t Gold over 8.2 Metres at Silver Coin Deposit

Cambria Gold Mines Inc. reported 98.56 g/t Au over 8.2 metres in hole SC26-2714 at the Silver Coin Deposit, part of the Premier Gold Project near Stewart in northwestern British Columbia. The GlobeNewswire release on October 18, 2026 covered four diamond drillholes totalling 657 metres.

Silver Coin Infill Results and Development Plan

The highlight interval in SC26-2714 included 794.00 g/t Au over 1.0 metre. Hole SC26-2710 returned 22.62 g/t Au over 4.4 metres, including 93.80 g/t Au over 1.0 metre, and 3.75 g/t Au over 20.0 metres, including 19.95 g/t Au over 1.0 metre. Hole SC26-2719 cut 4.55 g/t Au over 10.6 metres and 2.32 g/t Au over 30.0 metres.

"High gold grades over potentially underground bulk mineable widths at the Silver Coin Deposit makes this area a priority for underground development in the spring of 2027," said Robert McLeod, President and CEO of Cambria Gold Mines. "Silver Coin is a key deposit bringing both tonnes and grade to the hub-and-spoke complex we are building to support the Premier Mill."

Silver Coin sits five kilometres north of the Premier Mill, reached by an existing haul road. The northern portion of the deposit was mined in the 1990s by Westmin and Tenajon Resources through underground longhole stoping. Cambria's modelling draws on operational data shared by Bruce McLeod, who led the exploration, development and mining programs at Silver Coin in the 1990s. Material from Silver Coin, combined with high-grade from the Premier Deposit, is expected to provide the initial feed for the 2,500 tonne per day Premier Mill during the restart of mining operations.

Cambria's Funding and Restructuring Record

Cambria Gold Mines Inc. is a Vancouver-based gold developer advancing the Premier and Red Mountain projects in British Columbia's Golden Triangle and the Mt. Margaret copper-gold deposit in Washington State, with Premier currently on care and maintenance, according to akta.pro company records. The same records show total funding of $699.3 million, a February 2026 post-IPO equity round of $128.2 million, and a C$175 million brokered private placement closed in January 2026. The company renamed itself from Ascot Resources Ltd. in February 2026, switching its TSXV ticker from AOT to CAMB.

Earlier Drilling and Project Moves

Cambria reported first infill drilling results at the Premier Gold Project on June 9, 2026, including 19.82 g/t Au over 5.0 metres and 483.0 g/t Au over 1.0 metre at the Prew Zone, Newsfile reported. On July 13, 2026, The Globe and Mail reported the company's plan to spin out its Mt. Margaret copper and gold deposit into a separate entity, ECC Ventures 4, through a binding term sheet. On October 5, 2026, AInvest reported that construction on a gravel road was under way while actual production is delayed until Q4 2027, and that the company raised C$45.9 million via warrant exercises at $0.85 per share.

What Comes Next at Silver Coin

Results from over 14,000 metres of drilling at Silver Coin are expected over the next several weeks and will help 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.