Business
Cambria Gold Mines Announces Expansion of Claim Package at the Mt. Margaret Copper and Gold Porphyry Deposit and Intention to Spin Out the Asset into a New US Focused Company
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Cambria Gold Mines Inc. (TSXV: CAMB) (OTCID: AOTVF) ("Cambria" or the "Company") is pleased
About this update from Cambria Gold Mines Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Cambria Gold Mines Inc. (TSXV: CAMB) (OTCID: AOTVF) (\"Cambria\" or the \"Company\") is pleased to announce 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 Company's patented federal claims. The patented claims are held in partnership with the United States Federal Government Bureau of Land Management. The Company has been advancing discussions with various US Federal Government Departments regarding future direction for the deposit. \"The Mt. Margaret deposit is a significant copper-gold porphyry system,\" said Robert McLeod, President and CEO of Cambria Gold Mines. \"With a mineralized footprint starting at surface and spanning over one square kilometre with multiple drill holes ending in mineralization over 400m below surface, this deposit has the potential to be one of the most significant undeveloped copper deposits in the United States. It is our intention to spin this asset out into a new US focused listed entity in the near future.\" About Mt. Margaret The Mt. Margaret deposit is a calc-alkaline porphyry deposit with copper, gold, and molybdenum mineralization located approximately 22 km southwest of Randle, Washington. Duval Corporation (\"Duval\") actively explored the project from 1971-1980, completing a total of 20,729m over 105 diamond drill holes. In 2010, Cambria's predecessor, Ascot Resources Ltd., completed 4,880m of infill diamond drilling over 11 holes, which confirmed and expanded the mineralized zones defined by Duval's drilling (see January 12, 2011 Press Release: Ascot Resources Drills 496.0 Meters of 0.459% Copper in drill hole eleven on the Mt. Margaret Property7). A historical resource estimate was completed by Duval 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 Metallurg...