Interview with Julien Davy, CEO of Silver Acadia
Recording date: 23rd September 2026
Silver Acadia Exploration Inc. (CSE:SLA) is an early-stage explorer focused on high-grade silver in New Brunswick's Bathurst Mining Camp. The district has a long production history, but it was explored mainly for zinc. CEO Julien Davy believes that left the silver potential of the company's Nicholas-Denys project under-examined.
The core of the investment case is the historical dataset. About 125,000 m of drilling has been completed on the project area over roughly 50 years, and about half of it was never assayed for silver. Around 50,000 m of core is still available. After hyperspectral scanning last year, the company is now re-assaying 20 to 22 selected holes, about 6,000 to 7,000 m in total. Results are expected around November. This work costs much less than redrilling and is intended to guide new targeting.
Geologically, the company describes the system as hydrothermal with remobilised mineralisation rather than pure VMS. Mapping and structural studies indicate that the highest grades sit at intersections between the regional Rocky Brook-Millstream corridor and secondary structures. The company controls about 20 km of the corridor but is concentrating on a 3 km priority area. Phase 1 drilling of roughly 3,600 m tested the model where reported results include 328.9 g/t silver and 1.0 g/t gold over 24.8 m.
Management's objective is to show continuity across a broad envelope grading 70 to 80 g/t silver, with higher-grade ore shoots inside it. Davy argues that an envelope of that grade near surface could be economic in a safe jurisdiction. The company is working toward a Mineral Resource Estimate targeted for 2027.
The shareholder base is a notable strength. About 30 holders own roughly 70% of the stock, including Michael Gentile and Victor Cantore. The company raised $4.7 million in two private placements in 2025. It now has about $2 million in cash, around 74.6 million shares outstanding and about 109 million fully diluted.
Funding is the key near-term issue. Drilling begins in November at an all-in cost of about $320 per metre and is expected to run until March or April 2027. The planned Phase 2 programme of about 15,000 m would cost roughly $4.8 million at that rate, well above current cash. Investors should expect a financing. Warrant exercises at $0.18 to $0.24 could contribute some of the capital.
Beyond the flagship, Silver Acadia holds four other projects. Goldstrike, on the same trend to the west, has returned a 455 g/t gold grab sample and 1.19 g/t gold over 10.2 m in drilling. SEDEX combines an untested gravity anomaly with an antimony occurrence that returned 4.2% antimony over 0.6 m. These projects receive about 20% of spending.
The main risks are non-compliant historical data, unproven continuity, narrow high-grade intervals, dilution, untested metallurgy and silver price volatility. For investors comfortable with early-stage exploration risk, the re-assay and winter drill results are the milestones to watch.
View Silver Acadia's company profile: https://www.cruxinvestor.com/companies/silver-acadia-exploration
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