Cambria Gold reports 98.56 g/t gold over 8.2 m at Silver Coin deposit
Cambria Gold Mines reported new drilling results from the Silver Coin deposit in its Premier project in British Columbia, with high gold grades in several holes.
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what happened
Cambria Gold Mines has released fresh assay results from infill drilling at the Silver Coin deposit, part of the Premier project in northwestern British Columbia, according to a GlobeNewswire release. Four diamond drillholes totalling 657 metres returned high gold grades, with the best interval at 98.56 g/t over 8.2 metres, including 794 g/t over 1.0 metre.
Company president and CEO Robert McLeod said the area is a priority for underground development in spring 2027. Drilling of more than 14,000 metres is expected over the coming weeks, and an updated mineral resource estimate and feasibility study are targeted for the first half of 2027.
why it matters
The news mainly concerns one issuer and a single project, so its effect on the broader gold market is limited. For investors in the company, the key points are the planned restart of the 2,500-tonne-per-day Premier mill and progress on the Red Mountain deposit.
market impact
Gold: company-specific news with little effect on the broader gold market
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
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