1911 Gold Temporarily Suspends Operations at True North Complex due to Bissett Evacuation Order
VANCOUVER, BC, May 30, 2025 /CNW/ - 1911 Gold Corporation (" 1911 Gold" or the " Company") (TSXV: AUMB) (OTCQB: AUMBF) (FRA: 2KY) announces the temporary suspension of operations at its True North complex in Bissett, Manitoba, following the evacuation order issued by the Province of Manitoba due to escalating wildfire activity in the region.
The Company has safely evacuated all personnel from the site and is closely monitoring the situation in coordination with local and provincial authorities. The Company has taken precautionary measures to safeguard certain site infrastructure and continues to assist with the wildfire response by hosting frontline personnel at the True North camp facilities.
Shaun Heinrichs, CEO and President, stated, "The safety of our employees and the community is our top priority. We are grateful for the swift and coordinated response of emergency services and are committed to supporting firefighting efforts, including the ongoing use of our camp facilities. Our thoughts are with everyone impacted by the wildfires, and we stand ready to support the community during this challenging time."
The Company will provide further updates as more information becomes available and will resume operations at the True North complex when it is safe to do so.
About 1911 Gold Corporation
1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.
1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Market Online
5 hours ago
- The Market Online
Ten-bagger Founders Metals grows stake in flagship project
Ten-bagger Founders Metals (TSXV:FDR) successfully completed all requirements under stage 2 of its option on the 20,000-hectare Antino gold project in Suriname, increasing its stake from 51 to 70 per cent Antino has produced over 500,000 ounces of gold from surface and alluvial mining to date Founders Metals stock has added 113.73 per cent year-over-year, more than doubling gold's approximately 45 per cent effort, and remains up by more than 1,000 per cent since 2022 Ten-bagger Founders Metals (TSXV:FDR) successfully completed all requirements under stage 2 of its option on the 20,000-hectare Antino gold project in Suriname, increasing its stake from 51 to 70 per cent. According to Friday's news release, stage 2 saw Founders make cash payments of US$1.5 million, incur US$10 million in exploration expenses, issue 95,000 shares and produce a conceptual study similar to a preliminary economic assessment, all within two years of completing stage 1 of the agreement. Founders may now either enter a joint venture with Nana Resources, one of the optionors, or proceed to stage 3, which will increase the company's stake to 75 per cent in exchange for incurring another US$10 million in exploration expenses and completing a bankable feasibility study. The company's diligent exploration and development at Antino since optioning the project in 2022, including a steady stream of high-grade gold across numerous mineralized zones, has resulted in an over 1,000 per cent return to date, granting it ten-bagger status with ample room to run on the path to resource delineation. Founders is progressing through a fully funded 60,000-metre drilling program at Antino in 2025. Leadership insights 'We are thrilled to formally exercise our right to acquire 70 per cent of Antino, further strengthening our position as the project's majority owner,' Colin Padget, Founders Metals' president and chief executive officer, said in a statement. 'Completing stage 2 is a major de-risking milestone and reflects our confidence in Antino's exceptional potential. Additionally, we are excited to provide a detailed update in the coming days on all major exploration targets. We remain committed to maximizing shareholder value as we continue advancing the Antino gold project's world-class potential through our 60,000 metre 2025 drill program.' Founders Metals is a Canadian-based junior miner focused on its Antino gold project in Suriname, which has produced over 500,000 ounces of gold from surface and alluvial mining to date. Founders Metals stock (TSXV:FDR) opened with a loss of 1.36 per cent trading at C$4.36. The stock has added 113.73 per cent year-over-year, more than doubling gold's approximately 45 per cent effort. Join the discussion: Find out what everybody's saying about this ten-bagger junior gold stock on the Founders Metals Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Market Online
6 hours ago
- The Market Online
Gatekeeper Systems scores three major U.S. contracts this week
Gatekeeper Systems (TSXV:GSI) has been awarded a C$1.9 million contract by a transit agency in Oregon to equip its fleet with the company's advanced Mobile Data Collectors Gatekeeper has signed a C$180,000 upgrade agreement with a long-standing school district customer in California Gatekeeper has also secured a project to provide video solutions and software subscriptions for a fleet of over 70 school buses in Nebraska, valued at approximately C$420,000 Gatekeeper Systems stock (TSXV:GSI) last traded at $0.70 A provider of intelligent video and data solutions for school buses, public transit, and smart cities, signed a series of significant contract wins across the United States, further expanding its footprint in the transportation technology sector. In a landmark deal, Gatekeeper Systems (TSXV:GSI) has been awarded a contract by a transit agency in Oregon to equip its fleet with the company's advanced Mobile Data Collectors and a comprehensive suite of transit video solutions. The agency will also subscribe to Gatekeeper's AI-assisted video management platform, enabling enhanced video analytics and secure cloud-based storage. This new customer contract is valued at approximately US$1.4 million (C$1.9 million), with additional monthly recurring subscriptions exceeding US$50,000 per year over an initial five-year term, totaling approximately C$340,000. In addition to the Oregon contract, Gatekeeper has signed an upgrade agreement with a long-standing school district customer in California. Under this contract, 46 existing buses will be upgraded, and 5 new buses will be outfitted with the company's latest school bus video systems. The district will also implement Gatekeeper's video management software for in-yard Wi-Fi-based video analysis and storage. The contract is valued at approximately US$131,000 (C$180,000), plus ongoing subscription services. Further strengthening its presence in the Midwest, Gatekeeper has also secured a project to provide video solutions and software subscriptions for a fleet of over 70 school buses in Nebraska. The project, awarded through an original equipment manufacturer bus manufacturer, includes factory-installed Mobile Data Collectors and interior video systems, as specified by a major school bus transportation provider. This new customer engagement is valued at approximately C$420,000 (US$307,000), with additional recurring software subscription revenue. Gatekeeper offers intelligent video and data solutions for the transportation industry. Gatekeeper Systems stock (TSXV:GSI) last traded at $0.70 and has risen 22.81 per cent since the year began while growing 11.11 per cent since this time last year. Join the discussion: Find out what everybody's saying about this micro-cap tech stock on the Gatekeeper Systems Inc. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Market Online
6 hours ago
- The Market Online
Two smart-money mining stocks for polymetallic exposure
If we were to describe investment cloning, made famous by value investor Monish Pabrai, we might call it the practice of replicating the world's most distinguished capital allocators. The first step to successful cloning is to vet the investors to be copied, certifying that their decisions are trustworthy. A simple read through their track records will do. Pabrai emulates Warren Buffett, one of the greatest investors of all time, whose total return dating back to the 1960s stands at over 5.5 million per cent. The second step, as caution dictates, is to run the investment through your own due diligence process, making sure you agree with the object of your cloning rather than blindly following them, carelessly leaving your investments vulnerable to the winds of chance. In the newest edition of Stockhouse's Weekly Market Movers, I'll take a detailed look at two smart-money mining stocks, whose high-profile associations go a long way towards justifying a cloning thesis. How well with their assets and operations stand up to analysis? Let's see, shall we? Our first smart-money mining stock with strong cloning potential is Power Metallic Mines, market capitalization C$277.11 million, a Canadian explorer proving out the value of its flagship Nisk nickel-copper-gold-silver-platinum group elements project in Quebec. Under an 80 per cent option from Critical Elements Lithium (TSXV:CRE), Nisk boasts a 2023 indicated resource estimate of 41,600 tons of nickel, 22,100 tons of copper, 2,600 tons of cobalt and 132,500 ounces of palladium, collectively representing over US$1 billion in metals in the ground. The company is confident about expanding Nisk's resource across a handful of highly prospective targets – including the Lion zone, which recently yielded 12.54 meters of 10.99 per cent copper equivalent, and the Tiger zone, as recently highlighted by 14.3 meters grading 0.96 per cent copper equivalent – with a fully funded 100,000-metre program scheduled into 2026. Power Metallic's efforts are supported by a top-tier investor base, as detailed in slide 4 of its June 2025 investor presentation. This includes positions held by: Robert Friedland, founder of the C$13.52 billion Ivanhoe Mines (TSX:IVN), a major metals producer that generated US$228 million in net income in 2024, as well as the company behind the famous Voisey's Bay nickel, copper and cobalt mine in Labrador, which sold for C$4.3 billion in 1996. Rob McEwen, executive chairman and top shareholder of the C$683.4 million McEwen Mining (TSX:MUX), a global gold and silver producer, and founder of Goldcorp, a company he took from a market cap of $50 million to over $8 billion. These heavyweights join a number of institutional investors, including CVMR, as well as insider investors, including a sizeable position owned by chief executive officer, Terry Lynch, on Nisk's rapidly accelerating path to becoming Canada's next polymetallic mine. Power Metallic's most recent milestone in this direction involved the purchase of 167 square kilometres of adjoining claims from Li-FT Power (TSXV:LIFT), more than tripling Nisk's land package to 212.86 square kilometres. Lynch sat down with Stockhouse's Lyndsay Malchuk to discuss the new claims. Watch the interview here. The broader market has responded favorably to the company's value proposition, lifting Power Metallic stock (TSXV:PNPN) by 72.22 per cent year-over-year and by over 430 per cent since 2023. Globex Mining Enterprises Our second smart-money stock pick, Globex Mining Enterprises, market cap C$76.85 million, offers exposure to a large portfolio of mid-stage exploration, development and royalty properties spanning precious metals, base metals, specialty metals and minerals, as well as industrial minerals and compounds. Investors own a piece of 258 mineral assets in total, including 106 royalties and 50 historical or NI 43-101 compliant resources – up from 129 assets in 2015 and 49 in 2005 – each marked by at least one pillar on Globex's value-accretive acquisition criteria. These include: Historical or NI 43-101 resource. Drill intersections of economic interest. Past production. Mineralized showings or drill targets. Geophysical, geochemical and geological studies. Mining-friendly jurisdictions, currently concentrated in North America with a minor presence in Germany. Location on major ore structures or in mining camps with established track records. We find evidence for the success of Globex's acquisition strategy on its balance sheet and income statements. Unlike most micro-cap miners, for instance, the company is net income profitable, posting positive results under the metric in four out of the past five years. It's profitability has, in turn, allowed it to remain debt-free, quintupling its cash position over the period to about C$30 million as of Q1 2025, granting it plenty of dry powder to wait patiently and prioritize value in future acquisitions. Globex's profitable growth has afforded it an abundance of high-profile partners, whose association considerably de-risks your investment in the company's continued success. Here's a representative sample: These illustrious partners, joined by a geology-heavy management team with 12.74 per cent insider ownership, shows Globex Mining to be an all-around compelling name to capitalize on a diversity of commodity markets regardless of sentiment. Whether it's cash in the bank to buy depressed assets in down times or assets on the balance sheet to sell should animal spirits push prices beyond fair value, Globex is positioned to create shareholder value for the foreseeable future. Globex stock (TSX:GMX) has added 44.21 per cent year-over-year and 291.43 per cent since 2020, matching and outpacing gold's 45.7 per cent and 88.8 per cent efforts, respectively. Jack Stoch, Globex Mining's president and CEO, spoke with Lyndsay Malchuk about the company's recent resource upgrade at its Ironwood gold deposit in Quebec. Watch the interview here. Thanks for reading! I'll see you next week for a new edition of Stockhouse's Weekly Market Movers. Here's the most recent article, in case you missed it. Join the discussion: Find out what everybody's saying about these smart-money mining stocks on the Power Metallic Mines Inc. and Globex Mining Enterprises Inc. Bullboards and check out Stockhouse's stock forums and message boards. This is sponsored content issued on behalf of Power Metallic Mines Inc. and Globex Mining Enterprises Inc., please see full disclaimer here.
