From Financialpost · · 1m 30s
Cambria Gold Mines Updates Projects and Engineering Team
Cambria Gold Mines reports progress on Red Mountain and Premier Gold projects with new engineering hires and warrant exercises.
In brief
Cambria Gold Mines reports progress on Red Mountain and Premier Gold projects with new engineering hires and warrant exercises. Cambria Gold Mines targets commissioning its 2,500-tonne-per-day mill at Premier Gold Project in Q4 2027 after receiving CA$45.9 million from warrant exercises. Originally reported by…
Cambria Updates Projects
Cambria Gold Mines Inc. provides status update on construction, development, permitting, and infill drilling progress for Premier Gold and Red Mountain Gold Projects.
Q4 2027 Mill Commissioning Target
Cambria targets commissioning its 2,500 tonne per day mill at Premier Gold Project in Q4 2027 with continued ramp up through 2028.
Warrants Exercised
Over CA$45.9 million has been received through the exercise of outstanding warrants.
CEO Statement
Robert McLeod, President and CEO, states Cambria advances operational permitting, infill drilling, engineering and construction activities at both projects to de-risk critical components for late 2027 mining and processing.
Red Mountain Access Road Progress
Red Mountain Access Road construction is advancing well with goal to reach Bromley Humps by end of 2026, 12 km from Highway 37A.
Engineering Team Additions
Gord Doerksen, VP Projects, highlights new engineering hires including Ali Farah, Carla Romero, Brandon Chambers, and Dinesh Devathasan to support project development in 2027.
Future Transport Options
Cambria studies aerial tramline or rope conveyor from Red Mountain Deposit to Bitter Creek valley for bulk material transport after road completion.
The essence
Cambria Gold Mines targets commissioning its 2,500-tonne-per-day mill at Premier Gold Project in Q4 2027 after receiving CA$45.9 million from warrant exercises.
