The Golden Triangle doesn't hand out fully permitted, past-producing gold complexes with 8.81 g/t Measured grades very often. Cambria Gold Mines (TSXV: CAMB) holds two of them — and the access road to the primary ore source broke ground in June 2026.
Red Mountain is the engine. Located ~15 km northeast of Stewart, BC, this 100%-owned underground deposit carries a Measured resource of 543,800 oz gold grading 8.81 g/t Au — bulk-mineable, laterally continuous zones averaging ~25 m thickness and locally exceeding 40 m. That's not a narrow vein story; that's a stoping target.
The Marc Zone at Red Mountain averages approximately 10.5 g/t Au, and mineralization is accessed within ~200 m of surface. With ~2,000 m of production-sized underground development already completed, only ~1,600 m of additional development is required to reach first-year stoping. The heavy lifting has largely been done.
Premier Gold is the infrastructure hub. Cambria's 100%-owned Premier site — ~25 km from Stewart — hosts a fully permitted 2,500 tpd processing facility, tailings facility, water treatment plant, and paved road access with grid-connected hydroelectric power. Rebuilding that from scratch today would cost a multiple of what Cambria carries on its balance sheet.
Together, Red Mountain and Premier form a hub-and-spoke model: high-grade ore from Red Mountain feeds a fully equipped processing complex at Premier. The capital efficiency argument is built into the architecture of the project itself.
Premier isn't just a mill waiting for ore. It hosts five defined underground deposits — Premier, Silver Coin, Big Missouri, Dilworth, and Martha Ellen — carrying 1,066 koz Au Indicated at 8.01 g/t and a further 1,180 koz Au Inferred at 7.25 g/t. That's a secondary production source with real scale behind it.
First infill drilling results from Premier's Prew Zone, reported June 2026, returned 19.82 g/t Au over 5.0 m and a high-grade intercept of 483.0 g/t Au over 1.0 m. Early drilling is confirming the grade profile the resource model anticipated — and an updated feasibility study is planned.
The permitting box is already checked. Red Mountain holds both Provincial and Federal Environmental Assessment Certificates. In BC's regulatory environment, that is a genuine competitive advantage — years of timeline and tens of millions in de-risking that don't show up cleanly in the market cap.
A revised geological model at Red Mountain identifies high-amplitude folding that enhances understanding of mineral continuity. Resources remain open for expansion in multiple directions. The deposit Cambria is restarting may be larger than the current resource envelope suggests.
All BC assets sit within Nisg̱a'a Nation Treaty Lands — a defined, treaty-based framework that provides a clearer path to community engagement and permitting than many comparable BC projects. That context matters for anyone who has watched BC development timelines slip on relationship risk.
The near-term catalyst stack is unusually concrete. Access road construction at Red Mountain commenced June 2026. Infill drilling at Premier's Prew Zone is active and returning results. An updated feasibility study for Premier is on the roadmap. Each of these moves the project closer to a production decision — and each is a potential re-rating event.
Gold above $3,000/oz changes the math on projects that looked marginal at $1,800. Red Mountain's 8.81 g/t Measured grade and Premier's 8.01 g/t Indicated grade were compelling before the current gold environment. At today's prices, the economics of a staged restart using existing permitted infrastructure look materially different.
The investor package lays out the full resource base, the hub-and-spoke development timeline, and the capital efficiency case in detail. If you're building a position in high-grade BC gold before the feasibility update and road completion, this is the moment to get current on the story.