Montreal, Quebec--(Newsfile Corp. - June 3, 2026) - Silver Acadia Exploration Inc. (CSE: SLA) ("SLA" or the "Company") is pleased to announce additional assay results from Phase 1 diamond drilling program primarily targeting its flagship Nicholas-Denys Project located within the prolific Bathurst Mining Camp ("BMC") in northern New Brunswick.
"Today's results demonstrate the continuity and grade potential of the Hachey Zone, one of several high-grade silver and gold zones identified along a mineralized trend extending more than 3 kilometres on the Nicholas-Denys property," said Julien Davy, CEO of Silver Acadia. "Consistency is key in the development of mineral resources, and these near-surface intercepts, including 328.9 g/t silver, 1.0 g/t gold, 1.5% zinc and 2.0% lead over 24.8 metres in hole ND26-005, further highlight the strong potential of this large-scale mineralized system. In addition, hole ND26-012B, which returned 262.2 g/t silver over 7.2 metres, represents an important extension of mineralization toward the Shaft Zone to the east, reinforcing the potential for continuity along this corridor."
"Current drilling is focused on evaluating and expanding the high-grade silver-rich portions of the system while improving our understanding of the geological relationships between the numerous historical showings and mineralized zones identified across the property. Historically, many of these occurrences were explored as isolated targets despite sharing similar geological characteristics. Our objective is to evaluate them as components of a broader mineralized system with district-scale potential, while addressing the key gaps between zones that may ultimately define a continuous 3-kilometre mineralized trend."
Mr. Davy added, "Nicholas-Denys benefits from excellent infrastructure and year-round access, a significant advantage compared to many exploration projects elsewhere in Canada and North America. Combined with the presence of multiple high-grade silver and gold occurrences, we believe the property represents a compelling opportunity to create value through systematic exploration, modern geological interpretation, and the advancement of a potentially significant silver-rich mineralized system."
Highlights - Results Received since last news release
Holes released today are ND26-005, 008, 012B and 013B. Results from 12 additional holes are pending and are expected in the coming weeks. Note that reported intervals represent core lengths and true widths have not yet been determined due to insufficient geological information. Highlight assay results:
Hole ND26-005 - Hachey Zone
- 24.8 m @ 328.9 g/t Ag, 1.0 g/t Au, 1.47% Zn and 2.02% Pb
- including 5.6 m @ 1,044.6 g/t AgEq
- including 2.3 m @ 1,830.1 g/t AgEq
Hole ND26-008 - Hachey Zone
- 1.1 m @ 75.4 g/t Ag, 1.7 g/t Au, 0.60% Zn and 0.94% Pb
- 0.3 m @ 830 g/t Ag, 0.53 g/t Au, 3.89% Zn and 8.36% Pb
Hole ND26-012B - Hachey Zone
- 7.2 m @ 262.2 g/t Ag, 0.58 g/t Au, 2.94% Zn and 2.50% Pb
- including 3.4 m @ 652.3 g/t AgEq
Hole ND26-013B - Hachey Zone
- 2.8 m @ 169.5 g/t Ag, 0.48 g/t Au, 1.76% Zn and 0.92% Pb
- corresponding to 2.8 m @ 235.5 g/t AgEq
High-Grade Targets Across our flagship Nicholas-Denys project
Full details regarding the Phase 1 drill program were previously disclosed in the Company's April 1, 2026, and April 23, 2026, press releases. The drilling campaign at the Hachey Zone, located on the Nicholas-Denys Property, commenced in January 2026 and is a silver-gold-zinc-lead mineralized system interpreted as an epithermal-style vein environment. Drilling intersected a sequence of strongly foliated sedimentary rocks consisting of alternating wacke and mudrock units, hosting early quartz veins, massive sulphide veins, and rare porphyritic felsic intrusive dykes. All units show evidence of intense deformation, including folding, boudinage, transposition, and local dismemberment.
Figure 1: Location of the 2026 drill holes of the Hachey Zone with the 2008 NI43-101 Resources Estimate interpretation focused on zinc
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6260/299886_a771cf52b4d419a4_002full.jpg
Table 1 Details of the drill holes reported in this news release
| Project | Drilled Hole ID | Azimuth | Dip | Final Depth (m) | Target |
| Nicholas-Denys | ND26-012B | 200 | -65 | 101.0 | Hachey Zone: Silver-gold and zinc-rich massive sulfide stockwork veins |
| ND26-008 | 200 | -55 | 150.0 |
| ND26-013B | 200 | -60 | 182.0 |
| ND26-005 | 200 | -45 | 180.0 |
Table 2 Assay results received since the last news release:
| Hole # | Target /
Zone | From
(m) | To
(m) | Length (2) (m) | Ag
(g/t) | Au
(g/t) | Pb
(%) | Zn
(%) |
| AgEq (1)
(g/t) |
| ND26-005 | Hachey | 10.9 | 12.0 | 1.05 | 348.0 | 1.39 | 1.63 | 4.41 |
| 515.8 |
| ND26-005 | Hachey | 19.7 | 21.0 | 1.30 | 163.0 | 0.16 | 2.78 | 1.89 |
| 222.8 |
| ND26-005 | Hachey | 41.1 | 43.2 | 2.10 | 35.2 | 0.22 | 0.55 | 4.85 |
| 121.7 |
| ND26-005 | Hachey | 49.0 | 73.8 | 24.80 | 328.9 | 1.00 | 2.03 | 1.47 |
| 432.7 |
| incl. | 57.0 | 62.6 | 5.60 | 844.7 | 1.43 | 6.10 | 3.98 |
| 1,044.6 |
| incl. | 59.9 | 62.1 | 2.25 | 1,497.2 | 2.51 | 10.15 | 6.04 |
| 1,830.1 |
| ND26-005 | Hachey | 102.9 | 103.5 | 0.60 | 195.0 | 3.24 | 2.93 | 8.90 |
| 557.1 |
| ND26-008 | Hachey | 42.1 | 42.5 | 0.35 | 111.0 | 0.05 | 2.21 | 6.21 |
| 218.6 |
| ND26-008 | Hachey | 56.2 | 62.0 | 5.85 | 33.2 | 0.47 | 0.43 | 0.96 |
| 82.4 |
| incl. | 57.3 | 58.4 | 1.10 | 75.4 | 1.72 | 0.94 | 0.60 |
| 207.1 |
| incl. | 61.7 | 62.0 | 0.30 | 23.2 | 0.34 | 0.30 | 5.12 |
| 118.0 |
| ND26-008 | Hachey | 71.5 | 72.0 | 0.50 | 143.0 | 0.17 | 1.01 | 5.57 |
| 239.9 |
| ND26-008 | Hachey | 74.5 | 76.9 | 2.45 | 42.8 | 0.44 | 0.49 | 2.21 |
| 107.3 |
| ND26-008 | Hachey | 82.5 | 82.9 | 0.35 | 830.0 | 0.53 | 8.36 | 3.89 |
| 984.6 |
| ND26-012B | Hachey | 41.2 | 45.7 | 4.50 | 62.3 | 0.39 | 1.15 | 6.50 |
| 187.8 |
| incl. | 42.7 | 43.7 | 1.00 | 143.0 | 0.49 | 3.00 | 5.44 |
| 275.7 |
| ND26-012B | Hachey | 60.5 | 67.7 | 7.20 | 262.2 | 0.58 | 2.50 | 2.94 |
| 362.9 |
| incl. | 61.7 | 65.1 | 3.40 | 479.4 | 1.15 | 4.09 | 4.44 |
| 652.3 |
| incl. | 67.0 | 67.4 | 0.40 | 325.0 | 0.37 | 5.20 | 6.45 |
| 482.1 |
| ND26-013B | Hachey | 30.5 | 44.2 | 13.75 | 7.4 | 0.08 | 0.08 | 0.29 |
| 17.9 |
| incl. | 39.4 | 41.7 | 2.35 | 24.3 | 0.23 | 0.31 | 0.82 |
| 54.3 |
| ND26-013B | Hachey | 59.6 | 73.0 | 13.40 | 46.6 | 0.34 | 0.29 | 1.46 |
| 92.8 |
| incl. | 62.4 | 64.4 | 1.95 | 20.3 | 0.56 | 0.24 | 3.47 |
| 108.2 |
| incl. | 66.3 | 69.1 | 2.80 | 169.5 | 0.48 | 0.92 | 1.76 |
| 235.5 |
| ND26-013B | Hachey | 180.4 | 181.7 | 1.30 | 25.7 | 0.01 | 1.38 | 0.76 |
| 48.3 |
(1) Ag Equivalent (AgEq): Only samples with over 5g/t Ag and over 0.05g/t Au were used - Prices used for equivalent calculations: $70/oz silver, $4,700/oz gold (ratio Au:Ag = 67:1), $5.65/lb copper (ratio Cu:Ag = 0.005:1), $0.86/lb lead (ratio Pb:Ag = 0.001:1) and $1.51/lb zinc (ratio Zn:Ag = 0.001:1).
(2) Reported intervals represent drill intercepts; true thicknesses cannot be determined at this time. Intervals are reported at 100% recovery, as no metallurgical recovery factors have been applied and no metallurgical studies have been completed to date.
Qualified Persons and Technical Notes
Julien Davy, P.Geo., M.Sc, MBA, Chief Executive Officer of Silver Acadia Exploration Inc., and a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, has reviewed and approved the technical information contained in this news release.
Historical results disclosed in this news release were compiled from New Brunswick government assessment reports and other public sources. The Qualified Person has not completed sufficient work to independently verify these historical results, and they should therefore be considered historical in nature.
About Silver Acadia Exploration Inc.
Silver Acadia Exploration Inc. (CSE: SLA) is a diversified mineral exploration company focused on creating shareholder value through the discovery and development of large-scale mineral systems in stable mining jurisdictions. The Company controls more than 250 km² of prospective mineral claims in New Brunswick, Canada.
The Company's projects are located within and adjacent to the Bathurst Mining Camp and host exploration targets typical of the Appalachian geological environment including silver-lead-zinc VMS systems, structurally controlled gold systems, intrusion-related antimony-gold systems, and others.
On behalf of Silver Acadia Exploration Inc.
Julien Davy,
CEO
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Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Silver Acadia' periodic reports, including the annual report, or in the filings made by Silver Acadia from time to time with securities regulatory authorities.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299886
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