Latest news with #1911Gold
Cision Canada
4 days ago
- Business
- Cision Canada
1911 Gold Corporation Engages Suzette Ramcharan for Investor Relations Services
VANCOUVER, BC, Aug. 15, 2025 /CNW/ - 1911 Gold Corporation (" 1911 Gold" or the " Company") (TSXV: AUMB; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that, subject to TSX Venture Exchange ("TSXV") acceptance, it has engaged WIN Expertise Inc. (" WIN"), operated by , to provide investor relations and corporate communications services (the " Services"). WIN (an Ontario-based company) specializes in investor relations services and will develop and implement an investor relations strategy for 1911 Gold to support the Company's goals and objectives, targeting a broader and more diversified investor base. The engagement is for an initial period of six months and bears an aggregate fee of $48,000, to be paid in installments of $6,000 per month for the first three months and $10,000 per month for the following three months. For the first three months, Ms. Ramcharan will spend approximately 20 hours per week providing the Services to the Company, and approximately 40 hours per week thereafter. WIN is also entitled to reimbursement by the Company for its expenses and to an additional fee of $3,000 for each in-person industry event or conference attended by Ms. Ramcharan, at the election of the Company, on behalf of the Company. The Services will commence, and the first monthly payment will be made upon receipt of TSXV acceptance of the Services. WIN's engagement as an investor relations and corporate communications services provider may be renewed upon completion of the initial six-month term, following which WIN will be paid a monthly fee of $10,000 for approximately 40 hours per week dedicated to providing the Services. All fees and expenses will be paid from the working capital of the Company. WIN and Ms. Ramcharan are arm's-length parties to the Company. Neither WIN nor Ms. Ramcharan have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. About 1911 Gold Corporation 1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling 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. It 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, the expected term of the Services to be provided, the total compensation expected to be paid for the Services, the results to the Company and its shareholders of the Services, the timing and ability of the Company to receive necessary regulatory approvals for the Services, the results of any exploration or other work on the Company's properties, 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.
Cision Canada
07-08-2025
- Business
- Cision Canada
1911 Gold Intersects 5.52 g/t Au over 6.50 m and 54.00 g/t Au over 0.50 m on SAM Southeast Zone at True North
VANCOUVER, BC, Aug. 7, 2025 /CNW/ - 1911 Gold Corporation (" 1911 Gold" or the " Company") (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from ten (10) drill holes for 3,079.0 metres ("m") from the ongoing surface drill program at the True North Project. The True North project, including a permitted mill, camp, and tailings facility, is centrally located within the Company's 100%-owned Rice Lake Gold property in southeast Manitoba, Canada. Highlights: Drilling confirms the down-dip extensions of the near-surface quartz vein hosted gold ("Au") mineralization on the new San Antonio Southeast (SAM SE) target, including: TN-25-033: Intersected 5.52 grams per tonne (g/t) Au over 6.50 m at a downhole depth of 111.10 m, including 7.78 g/t Au over 1.70 m, and 34.20 g/t Au over 0.50 m, and 54.00 g/t Au over 0.50m at a downhole depth of 120.50 m TN-25-038: Intersected 8.38 g/t Au over 0.50 m at a downhole depth of 188.00 m, 5.64 g/t Au over 0.70 m at a downhole depth of 193.30 m and 5.15 g/t Au over 3.50 m at a downhole depth of 195.60 m, including 16.80 g/t Au over 0.90 m TN-25-054: Intersected 13.90 g/t Au over 0.50 m at a downhole depth of 373.30 m and 3.68 g/t Au over 0.70 m at a downhole depth of 402.00 m "These intercepts represent the final holes drilled prior to our seasonal break in May, which was extended due to wildfire-related access restrictions in the region," stated Shaun Heinrichs, President and CEO. "These results have further extended the vein system parallel to the San Antonio Mine vein system to over 550 metres depth. With the resumption of drilling in early July, we are excited to see the continued expansion of this zone at depth, in advance of commencing our underground drill program in September. With the recent completion of our successful financing, we are finalizing preparations in the underground mine to support a significant underground drill campaign, targeting our two new surface discoveries and new underground targets designed to extend our current resource." 1911 Gold has now completed sixty-two (62) surface drill holes (two did not reach target depths), for a total of 14,974.40 m of drilling. The current exploration drill program, within the True North Mine footprint, commenced in October 2024 and focused on new targets comprised of prospective host rocks and mineralized structural settings, including significant historical drill results. There are now two active drill rigs targeting the SAM SE and San Antonio West ("SAM W") zones, testing the depth extensions of the mineralization intersected to date. Planning is underway for future underground exploration drilling, which is expected to start at the end of the third quarter. *San Antonio Mine's main underground drifts and shafts projected up to 1km from the north-west S an Antonio Southeast Target: Discussion of Results Drilling completed to date has confirmed the extensions of gold mineralization within the SAM gabbro to over 500 m southeast of the historically mined San Antonio zone, covering an area 400 m long and over 550 m to depth. Twenty-seven (27) holes for a total of 6,789.40 m have been drilled on the SAM SE target area. Two drill holes were abandoned without reaching the target depth due to ground conditions. The exploration drilling on the SAM SE target has confirmed the presence of a vein system parallel to the San Antonio Mine ore body, which shares the same geological, alteration, and mineralization characteristics. The high-grade gold intercepts in the drill holes released to date are also enhancing our confidence to extend the higher-grade gold zones to the east within the intersection of the SAM gabbro and the 007 shear zone corridor, in an area with no historical drilling. The mineralized intercepts are characterized by quartz-carbonate shear veins and vein breccias with sericite, chlorite alteration and up to 2% pyrite disseminated and in veinlets developed in association with northeast and northwest trending sub-vertical shear zones. Drill hole TN-25-033 (6.50 m @ 5.52 g/t Au, including 1.70 m @ 7.78 g/t Au and 0.50 m @ 34.20 g/t Au, and 0.50 m @ 54.00 g/t Au) was drilled as a twin hole of TN-25-033A and terminated at 121 m depth after intersecting historical mine workings. The hole confirmed the same high-grade gold zone intercepted by the previously released TN-25-033A drill hole (6.00 m @ 5.34 g/t Au, including 1.20 m @ 8.58 g/t Au and 1.10 m @ 8.58 g/t Au) 1. Drill hole TN-25-038, (0.50 m @ 8.38 g/t Au and 3.50 m @ 5.15 g/t Au, including 0.90 m @ 16.80 g/t Au), tested the extensions 80 m to the east of drill hole TN-25-030 (3.70 m @ 3.27 g/t Au, including 0.80 m @ 8.78 g/t Au) 1 and 100 m down dip of drill hole TN-25-024 (1.00 m @ 4.55 g/t Au and 0.50 m @ 14.50 g/t Au) 2. Drill hole TN-25-054 confirmed the down plunge extensions (over 500 m) of gold mineralization from surface, intersecting 0.50 m @13.90 g/t Au and 0.70 m @ 3.68 g/t Au, and extended the gold mineralization from drill hole TN-25-014 (0.69 m @ 13.40 g/t Au) 2, approximately 100 km to the west. Note: Table 1: Significant Drill Hole Assay Results 1) Intercepts above a cut-off grade of 2.25 g/t Au 2) Maximum of 2.50 m internal dilution and no top capping applied 3) Intervals represent drill core length and are considered to represent 60% to 90% of true widths 4) Full Significant Assay Results included in Table 2 5) Drill hole Information included in Table 3 San Antonio Southeast Target The San Antonio Southeast target is located approximately 350 m southeast of the historically mined San Antonio zone of the True North Gold Mine. The San Antonio Southeast target occurs within the gabbro of the San Antonio mafic unit and the intersection with the L-10 shear zone. The SAM gabbro hosts the majority of the known gold mineralization within the True North Mine and historically produced 1,309,351 ounces Au at an average grade of 9.33 g/t Au. L10 Target The L-10 target occurs on the intersection of the L-10 shear and the Shoreline basalt and hosts the L-10 resource comprised of 58,000 oz Au from 363,000 tons @ 4.99 g/t Au indicated and 61,000 oz Au from 479,000 tons at 3.96 g/t Au inferred resources. Two (2) drill holes, totaling 570.00 m, were completed on this target to test the up-dip extensions of the resource, with both intercepting well-developed quartz veining assaying up to 0.50 m @ 1.59 g/t Au but not the favourable basalt host unit. Interpretation of the extensions of this resource are ongoing. SAM Fold Target The Sam Fold target occurs on the major regional bend of the prolific SAM gabbro unit to the south of the gold resources at True North. (Figure 1). Two (2) drill holes, totaling 628.00 m, were completed on this target, with both intercepting well-developed quartz veining within the SAM gabbro but no mineralized shearing in this location. Cohiba West Target (former Hinge East) One (1) drill hole for 182.0 m drilling was completed on the Cohiba West target to test the eastern extensions of the wide quartz vein system with gold mineralization intersected in drill hole TN-24-003 (3.45 m @ 2.85 g/t Au at a down hole depth of 44.65 m, including 0.55 m @ 6.20 g/t Au and 0.50 m @ 6.30 g/t Au). (See press release dated February 4, 2025 "1911 Gold Intersects 8.42 g/t Gold over 0.91 m and 7.23 g/t Gold over 1.05 m in Drilling at True North"). The hole intersected the targeted Wingold dacitic breccia host unit. The wide zone of quartz veining previously intersected narrows in this area, and no significant assay results are reported. Interpretation is ongoing. *Composites above 0.5 g/t Au and metal factor above 0.5 Au "gxm" Next Steps Building on the strong results achieved to date on both the SAM SE and SAM West targets, 1911 Gold recommenced surface drilling in early July to test the depth extensions on both targets while conducting preparations for underground drilling for the next phase of exploration at the True North project. It is anticipated that work will be complete by late August on all priority areas within Level 16 (695 m depth below surface) and necessary supporting levels, allowing for the mobilization of underground drill rigs in early September. Targeting has been completed on multiple high-priority underground areas that can be tested from Level 16, and which show potential for significant resource growth and supporting the mine planning activities currently underway. Concurrently, the Company is actively evaluating additional targets across the property and advancing permitting for a surface drill program at Ogama-Rockland, which contains a near-surface, high-grade 43-101 mineral resource and is located 35 km by road southeast of the True North complex. Table 3: True North; Drill Hole Details *Coordinates are provided in UTM NAD83 Zone 15 Deferred Share Units The Company has issued 125,000 deferred share units ("DSUs") to four directors under the LTIP in respect of Q2-2025 director fees. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company. Qualified Person Statement The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera, Vice-President Exploration of 1911 Gold Corporation, who is a "Qualified Person" as defined under NI 43-101. Quality Assurance/Quality Controls (QA/QC) Core samples are collected by sawing the drill core in half along the axis, with one-half sampled, placed in plastic sample bags, labelled, sealed and the other half retained for future reference. Batches are shipped to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis. Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values greater to 10.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis (Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold. Certified gold reference material samples are inserted every 20 samples and blank samples at intervals of one in every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat third-party gold analyses for 5% of all submitted sample pulps are analyzed at ALS-Chemex Laboratory, North Vancouver, Canada. 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 to build mutually beneficial working relationships. ON BEHALF OF THE BOARD OF DIRECTORS Shaun Heinrichs President and CEO For further information, please contact: Shaun Heinrichs Chief Executive Officer (604) 674-1293 [email protected] 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, predictions, projections, forecasts, 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 about exploration plans and the timing and results thereof, 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.
Globe and Mail
17-07-2025
- Business
- Globe and Mail
1911 Gold Closes C$13.2 Million 'Bought Deal' Life Offering Including Increased Investment by Eric Sprott
VANCOUVER, British Columbia, July 17, 2025 (GLOBE NEWSWIRE) -- 1911 Gold Corporation (' 1911 Gold ' or the ' Company ') (TSXV: AUMB; FRA: 2KY) is pleased to announce that it has completed its previously announced 'bought deal' LIFE offering (the ' Offering ') for gross proceeds of C$13,225,232.30, including the exercise in full of the Underwriters' Option (as defined in the press release dated June 24, 2025). The Offering consisted of the sale of: (i) 3,750,000 common shares of the Company (the ' Non-FT Shares ') at a price of C$0.20 per Non-FT Share; (ii) 2,924,000 common shares (the ' Tranche 1 CEE Shares ') at a price of C$0.342 per Tranche 1 CEE Share; (iii) 31,163,633 common shares (the ' Tranche 2 CEE Shares ' and together with the Tranche 1 CEE Shares, the ' CEE Offered Shares ') at a price of C$0.288 per Tranche 2 CEE Share; and (iv) 10,163,000 common shares (the ' CDE Offered Shares ' and, together with the Non-FT Shares and CEE Offered Shares, the ' Offered Shares ') at a price of C$0.246 per CDE Offered Share. The CEE Offered Shares and CDE Offered Shares will qualify as 'flow-through shares' (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ' Tax Act ')). Shaun Heinrichs, President and CEO of 1911 Gold, commented, "We're extremely pleased with the overwhelming interest in this financing, which was significantly oversubscribed. Notably, Mr. Eric Sprott increased his participation and led the financing with a commitment well above his pro rata share. This additional capital positions us well to ramp up exploration and advance key development activities at the True North underground mine, in preparation for a potential restart of operations." Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 9,288,734 common shares pursuant to the Offering for total consideration of $1,857,746.80. Prior to the Offering, Mr. Sprott beneficially owned or controlled 33,333,334 common shares of the Company representing approximately 16.7% on a non-diluted basis. As a result of the Offering, Mr. Sprott now beneficially owns or controls 42,622,068 common shares representing approximately 17.2% on a non-diluted basis. The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of the early warning report with respect to the foregoing will appear on 1911 Gold's profile on SEDAR+ at and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto Ontario M5C 3C5). The Offering was conducted on a 'bought deal' basis led by Haywood Securities Inc. (' Haywood ') as lead underwriter and sole bookrunner, and including Velocity Trade Capital Ltd. (together with Haywood, the ' Underwriters '). For 2,924,000 CEE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of such CEE Offered Shares to incur eligible "Canadian exploration expenses" that qualify as both "flow-through mining expenditures" (as defined in the Tax Act) and 'flow-through mining expenditures' as defined in subsection 11.7(1) of the Income Tax Act (Manitoba) for purposes of the Manitoba Mineral Exploration Tax Credit. Such expenditures shall be incurred after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of such CEE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of such CEE Offered Shares effective on or before December 31, 2025. For 2,777,778 CEE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of such CEE Offered Shares to incur eligible 'Canadian exploration expenses', after the Closing Date and prior to October 31, 2025 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of such CEE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of such CEE Offered Shares effective on or before October 31, 2025. For 28,385,855 CEE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of such CEE Offered Shares to incur eligible 'Canadian exploration expenses', after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of such CEE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of such CEE Offered Shares effective on or before December 31, 2025. For the CDE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the CEE Offered Shares to incur eligible 'accelerated Canadian development expenses' after the Closing Date and prior to March 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of CDE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the CDE Offered Shares effective on or before March 31, 2026. The net proceeds from the sale of the Non-FT Shares shall be used for general corporate and working capital purposes. In consideration for its services, the Company has paid the Underwriters a cash commission of C$688,513.94, equal to 6.0% of the gross proceeds from the Offering (subject to a reduction to 3.0% on certain president's list purchases) and 2,505,037 non-transferable compensation options (the 'Compensation Options'), equal to 6.0% of the aggregate number of Offered Shares sold under the Offering (subject to reduction to 3.0% on certain president's list purchases). Each Compensation Option is exercisable to acquire one common share (a ' Compensation Option Share ') of the Company at a price of C$0.22 per Compensation Option Share for a period of 24 months from the closing date of the Offering, except Compensation Options issued with respect to president's list purchasers, with such Compensation Options to be exercisable at a price of C$0.22 per Compensation Option Share for a period of nine months from the closing date. The Offered Shares were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and Coordinated Blanker Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Offered Shares are not subject to any hold period under applicable Canadian securities legislation. The Offering is subject to final acceptance by the TSX Venture Exchange. Certain insiders of the Company (within the meaning of the rules and policies of the TSXV) (the 'Insiders') have acquired an aggregate of 10,288,734 common shares of the Company in connection with the Offering. The Insider's participation in the Offering therefore constitutes a "related-party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company is relying on exemptions from the formal valuation and minority security holder approval requirements of the related-party rules set out in sections 5.5(a) and 5.7(a) of MI 61-101 as the fair market value of the subject matter of the Offering does not exceed 25% of the market capitalization of the Company. The Company did not file a material change report more than 21 days before the closing of the Offering as the details of the Offering and the participation therein by each "related party" of the Company were not settled until shortly prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons. The Offered Shares have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. 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 For further information, please contact: Shaun Heinrichs Chief Executive Officer (604) 674-1293 sheinrichs@ 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 receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the qualifying expenditures to be incurred and to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. In making the forward-looking statements included in this news release, the Company have applied several material assumptions, including that the Company will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary approvals in respect of the Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management's ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to the Company mineral projects, and that the specific proposals to amend the Tax Act publicly announced on March 3, 2025 by the Minister of Energy and Natural Resources on behalf of the Minister of Finance proposing an amendment to extend the mineral exploration tax credit for investors in flow-through shares until March 31, 2027 will be enacted. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. 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.
Cision Canada
17-06-2025
- Business
- Cision Canada
1911 Gold Corporation Announces Staged Return of Personnel to Site
VANCOUVER, BC, June 17, 2025 /CNW/ - 1911 Gold Corporation (" 1911 Gold" or the " Company") (TSXV: AUMB; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that, following the easing of wildfire-related evacuation orders, the Company has initiated a staged return of employees and contractors to its True North site near Bissett, Manitoba. Favourable weather conditions and the efforts of emergency crews have significantly reduced wildfire risk in the region. The Town of Bissett and the Company's True North site have remained safe throughout the evacuation period, with no damage to infrastructure. Site access routes have been cleared and deemed safe for travel, and camp facilities remained operational during the evacuation to support the firefighting efforts. Personnel are returning to the site in a structured and phased manner, and full operations are expected to resume in the coming days. As part of its commitment to the safety and recovery of the region, 1911 Gold continues to provide housing to approximately 40 wildfire personnel who remain active in the area. "Thanks to the tireless efforts of emergency responders, we are now in a position to resume site activities safely," stated Shaun Heinrichs, President and CEO of 1911 Gold. "We are grateful that both the Town of Bissett and our facilities have remained unharmed, and we remain committed to supporting the firefighting efforts as the region recovers." The Company plans to recommence exploration and development activities at the True North site, including preparations for an underground drill program that is expected to commence later this summer. About 1911 Gold Corporation 1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling 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. SOURCE: 1911 Gold Corporation
Globe and Mail
16-06-2025
- Business
- Globe and Mail
1911 Gold Intersects up to 58.66 g/t Gold over 1.40 m on San Antonio West Zone at True North
VANCOUVER, BC , June 10, 2025 /CNW/ - 1911 Gold Corporation (" 1911 Gold" or the " Company") (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from twelve (12) drill holes for 3,208.0 metres ("m") from the ongoing surface drill program at the True North Gold Project. The True North project, including a permitted mill, camp, and tailings facility, is centrally located within the Company's 100%-owned Rice Lake Gold property in southeast Manitoba, Canada . Highlights: Drilling has continued to expand the near-surface quartz vein hosted gold ("Au") mineralization on the new San Antonio West ("SAM West") target along strike and to depth San Antonio West Target Drill results confirmed the western and down dip extensions of gold mineralization within the prolific San Antonio mafic unit up to 350 m down dip and 500 m along strike, including: TN-25-057: Intersected 58.66 grams per tonne (g/t) Gold (Au) over 1.40 m at a downhole depth of 145.00 m , including 63.20 g/t Au over 0.90 m and 50.50 g/t Au over 0.50 m TN-25-056: Intersected 9.59 g/t Au over 2.30 m at a downhole depth of 103.10 m , including 11.25 g/t Au over 1.80 m , including 21.30 g/t Au over 0.50 m TN-25-058: Intersected 10.40 g/t Au over 1.00 m at a downhole depth of 249.30 m "These are some of the best results we've seen to date from the San Antonio West target.", Shaun Heinrichs , CEO and President, stated, "The drilling confirms the potential definition of high-grade ore shoots within the SAM West target zone, and further supports our geological model. These results build the case for continued underground exploration, where we see significant potential to define and expand new and existing mineral resources within the mine infrastructure." 1911 Gold has completed fifty-one (51) surface drill holes, for a total of 11,695.4 m on the current drill program, which commenced in October 2024 on new exploration targets located within the True North Gold mine footprint. The results of seven (7) new drill holes for 1,928.0 m from the San Antonio West target and five (5) initial drill holes for a total of 1,280.00 m from the Gate target are included in this release. New targets have been generated and drill tested within prospective host rocks and mineralized structural settings, including significant historical drill results. The results from nine (9) additional exploration drill holes are currently pending. Additional drill planning is underway on the San Antonio West and San Antonio Southeast targets and will commence when access to the Mine site is permitted (see press release entitled "1911 Gold Temporarily Suspends Operation at True North Complex due to Bissett Evacuation Order", dated May 30, 2025). The exploration drilling plan includes up to 30,000 m of drilling by the end of 2025. S an Antonio West Target: Discussion of Results Drilling completed to date has confirmed the extensions of gold mineralization within the SAM gabbro to over 600 m west of the historically mined San Antonio zone, covering an area 500 m long and over 260 m to depth, dipping 50° to the northeast. Twenty-one (21) drill holes for a total of 4,220.0 m have been completed to date on the SAM West target area. The latest drill holes, comprised of seven (7) new drill holes for 1,928.0 m , extended the footprint of mineralization 100 m down dip from the results announced on April 30, 2025 (see press release entitled "1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West at True North") . Drill hole TN-25-056, designed to undercut high grade gold mineralization intersected in drill hole TN-25-037 ( 1.00 m @ 8.73 g/t Au, 1.00 m @ 62.40 g/t Au and 0.70 m @ 6.09 g/t Au and 4.50 m @ 4.17 g/t Au), intersected 2.30 m @ 9.59 g/t Au, including 1.80 m @ 11.25 g/t Au and 0.50 m @ 21.30 g/t Au. Drilling successfully extended the gold mineralization approximately 50 m down dip and returned high-grade gold results. Drill hole TN-25-057 ( 1.40 m @ 58.66 g/t Au) tested the down-dip extensions of the high-grade gold intercepts of previously released holes TN-24-043 ( 1.00 m @ 12.50 g/t Au) and TN-24-045 ( 3.70 m @ 6.84 g/t Au, including 1.40 m @ 12.40 g/t Au and 2.70 m @ 5.30 g/t Au, including 0.50 m @ 11.30 g/t Au). Drilling successfully intercepted high-grade gold mineralization approximately 160 m down dip. Drill hole TN-25-058 ( 0.50 m @ 10.40 g/t Au) designed to test the 160 m down-dip extension of the gold mineralization from hole TN-25-056, intersected three distinct gold mineralized veins extending the multiple vein structures to 340 m depth. Table 1: Select Significant Drill Hole Assay Results 1) Intercepts above a cut-off grade of 2.25 g/t Au 2) Maximum of 2.50 m internal dilution and no top capping applied 3) Intervals represent drill core length and are considered to represent 60% to 90% of true widths 4) Full Significant Assay Results included in Table 2 5) Drill hole Information included in Table 3 Drilling has further confirmed the existence of up to three (3) vein zones hosted within the target gabbro unit, supporting the potential to mine multiple zones on levels as conducted historically (see press release entitled "1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West at True North", dated April 30, 2025). Planning for the next phase of drilling on the SAM West target is ongoing. San Antonio West Target The San Antonio West target is located west of the historically mined San Antonio zone of the True North Gold Mine. The San Antonio West target occurs within the gabbro of the San Antonio mafic unit and the intersection with the Cartwright South mineralized shear zone. The SAM gabbro hosts the majority of the known gold mineralization within the True North Mine and historically produced 1,309,351 ounces Au at an average grade of 9.33 g/t Au from San Antonio (see technical report entitled "NI 43-101 Technical Report on the True North Gold Project, Bissett, Manitoba, Canada , dated December 23 . 2024). Drilling has now confirmed gold mineralization in quartz-carbonate shear veins with sericite, chlorite, minor tourmaline alteration and up to 2% disseminated and veinlet-hosted pyrite. The target occurs as a vein system parallel to the San Antonio Mine ore body, with the same geological, alteration and mineralization characteristics. Gold mineralization has been traced over a strike length of 500 m and to 360 m down dip. Gate Target The Gate target was defined to explore for potential gold mineralization on the intersection of the Cartwright South and L13 shear zones with the Shoreline Basalt unit. Five (5) drill holes, totalling 1,280.00 m (see Table 3), were completed on this target. All drill holes intercepted well-developed quartz veining hosted within sediments, with drill hole TN-25-044 intersecting 0.90 m @ 1.30 g/t Au and drill hole TN-25-049 intersecting 0.90 m @ 0.57 g/t Au. Drilling did not intersect wide sections of basalt, which host the majority of mineralization in this unit at True North. Additional interpretation is ongoing to define the basalt flows within the Shoreline Basalt unit, which in this area appear to occur as discontinuous lenses intercalated within sediments. Interpretation, modelling and drill targeting are ongoing to define potential extensions of the basalt unit hosting gold mineralization. Site Access Update Recent rainfall, favourable winds, and cooler temperatures have eased wildfire conditions in the region; however, the Town of Bissett and the Company's True North site remain under evacuation as a precautionary measure. Fire crews continue to make progress in the area. Company facilities have not been impacted, and the Company expects to resume site activities once it is deemed safe to do so. Next Steps Building on the strong results achieved to date on new exploration targets and the compelling targets to expand the current resource, 1911 Gold is advancing plans to initiate underground exploration drilling. Once site access is re-established, the Company will continue preparing multiple underground levels to facilitate this next phase of work. Targeting is well underway, focusing on high-priority areas that offer meaningful resource expansion potential and support the mine plan currently under development. Mobilization of drill rigs to key underground levels is expected later this summer. Concurrently, the Company is actively evaluating additional targets across the property and advancing the redevelopment of the high-grade, near-surface Ogama-Rockland 43-101 mineral resource, located 25 km by road east of the True North complex. *Composites above 0.5 g/t Au and metal factor above 0.5 Au "gxm" Table 3: True North; Drill Hole Details Drill Hole (Number) `Target (Name) Northing* (m) Easting* (m) Elevation (masl) Azimuth (°) Inclination (°) Depth (m) TN-25-039 SAM West 5655810 311885 251 197 -70 131 TN-25-041 SAM West 5655810 311885 251 230 -45 110 TN-25-044 Gate 5655940 312204 257 129 -56 176 TN-25-046 Gate 5655940 312204 257 106 -48 269 TN-25-047 Gate 5655940 312204 257 74 -59 372 TN-25-049 Gate 5655800 312446 250 89 -45 194 TN-25-050 Gate 5655800 312446 250 71 -52 269 TN-25-056 SAM West 5655890 311918 259 350 -71 302 TN-25-057 SAM West 5655890 311918 259 327 -57 320 TN-25-058 SAM West 5655895 311924 251 56 -72 299 TN-25-059 SAM West 5655933 311986 248 348 -73 377 TN-25-060 SAM West 5655935 311991 256 327 -65 389 *Coordinates are provided in UTM NAD83 Zone 15 Qualified Person Statement The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , Vice-President Exploration of 1911 Gold Corporation, who is a "Qualified Person" as defined under NI 43-101. Quality Assurance/Quality Controls (QA/QC) Core samples are collected by sawing the drill core in half along the axis, with one-half sampled, placed in plastic sample bags, labelled, sealed and the other half retained for future reference. Batches are shipped to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis. Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values equal or greater to 10.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis (Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold. Certified gold reference material samples are inserted every 20 samples and blank samples at intervals of one in every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat third-party gold analyses for 5% of all submitted sample pulps are analyzed at ALS-Chemex Laboratory, North Vancouver, Canada . 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.
