Vancouver, BC, April 27, 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).
“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, which could be accessed with additional development from the recently constructed underground workings at the historic Premier Mine,” confirmed McLeod in the April 21 press release. “Two underground drills are currently delineating the Prew Zone at Premier; our objective is to establish the strong continuity similar to the nine primary shoots that were historically mined at the deposit.”
Results from the first five diamond drill holes completed, totalling 1,815 meters, were reported from the “602 Zone” of the Premier-Northern Lights deposit. Drilling is focused on infill of Indicated and Inferred Resources at the Premier deposits to provide the necessary drill spacing for development planning.
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.
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.
A spin out (or spin-off) “is a mechanism for separating out a division or line of business from its parent company,” explains Thompson Reuters, “Spin-offs are typically used to increase stockholder value by increasing the value of the business being spun-off or removing a business that no longer fits within the parent structure.”
“We expanded the land position at our Mount Margaret, copper, gold porphyry target in the United States by seven square kilometers.” confirmed McLeod in an April 22, 2026 News Explained YouTube Short. “This is a project that many of our investors don’t know about. It is a legacy asset within the company.”
“There’s a historic resource that was completed prior to National Instrument, 43-101, and shouldn’t be relied upon,” continued McLeod. “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]
In 2025, the US government expanded its list of “critical minerals” to include copper. The government believes that a disruption in the supply of copper could jeopardise the US economy.
In this regulatory environment, a US-based copper company may have advantages over a Canadian-domiciled company, such as preferential treatment under domestic sourcing rules, smoother permitting and regulatory interactions with federal agencies, and improved access to US federal tax incentives.
“The United States urgently needs more copper to fuel its economic and technological ambitions,” reports the Center for Strategic and International Studies. “While traditional data centers require between 5,000 and 15,000 metric tons of copper, next-generation facilities built to support AI demand as much as 50,000 tons per site.”
“Since 2000, copper output in mature producers such as Chile, the United States, and Canada has largely plateaued,” reports the Visual Capitalist. “In contrast, nearly all net global supply growth has come from regions where China has ownership, financing, or market leverage.”
Source: www.visualcapitalist.com/ranked-worlds-top-copper-producers-2000-2024/
“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.”
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
Disclaimer: Cambria Gold Mines paid Global Stocks News (GSN) $1,750 for the research, writing and dissemination of this content.
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Footnote:
- The historical resource estimate was completed by Duval Corporation for the Mt. Margaret deposit, with 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 This historic estimation work predates the implementation of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101”) guidelines and was not classified based on currently accepted reserve and resource classifications as set forth 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”). Cambria cautions it is not treating the historic Duval work as a current mineral resource estimate, and there has been insufficient work completed by a Qualified Person to do so at any point in the project’s history. Furthermore, uncertainty regarding cut off grade, metal prices, modelling methodology, or other parameters and assumptions used in the Duval work could impact the reliability of the historic estimation. Cambria still considers the Duval work relevant given the number of supporting historical drillholes, many of which were confirmed by subsequent Ascot drilling in 2010. Further work including additional infill drilling, geological modelling, and assay certificate and collar validation by a Qualified Person pursuant to NI 43-101 would be required to produce a NI-43-101 or an S-K 1300 compliant resource. There are no guarantees that this additional work would confirm the historical resource estimate defined by Duval.
Information Sources
- Derkey et al (1990). P. 338. Metal Mines of Washington – Preliminary Report; Open File Report 90-18; https://dnr.wa.gov/sites/default/files/2025-03/ger_ofr90-18_metal_mines_pt2.pdf
- Taylor, J.D., 1980, Margaret project status report: Duval Corporation report (unpublished). Available in the Washington Department of National Resources Archives
- October 13, 2010 Press Release “Ascot Resources Drills 500 Meters of 0.337% Copper on its First Drill Hole on the Mt. Margaret Property”. Available under the Company’s profile on Sedar+ at sedarplus.ca.
- November 3, 2010 Press Release “Ascot Resources Drills 343.85 Meters of 0.507% Copper on its Second Hole on the Mt. Margaret Property“. Available under the Company’s profile on Sedar+ at sedarplus.ca.
- November 23, 2010 Press Release “Ascot Resources Drills 322.5 Meters of 0.412% Copper on its Third Hole on the Mt. Margaret Property.” Available under the Company’s profile on Sedar+ at sedarplus.ca.
- December 1, 2010 Press Release “Ascot Resources Drills 380.2 Meters of 0.500% Copper on its Sixth Hole on the Mt. Margaret Property.” Available under the Company’s profile on Sedar+ at sedarplus.ca.
- January 12, 2011 Press Release “Ascot Resources Drills 496.0 Meters of 0.459% Copper in drill hole eleven on the Mt. Margaret Property.” Available under the Company’s profile on Sedar+ at sedarplus.ca.