1911 Gold Commences Underground Development at True North Mine — 1911 Gold Corporation

Event summary

1911 Gold started drift development on Level 16 of the True North Mine in May 2026.
Test mining is planned for later in 2026, with production targeted for 2027.
The L10 and Hinge zones are the primary targets for test mining to optimize mining methods.
A total of 3,551 meters of new development is planned to prepare stopes for extraction.
Additional underground equipment, including scoops and a jumbo, is scheduled to arrive in June and July 2026.

The big picture

1911 Gold's advancement of the True North Mine underscores the strategic push towards restarting operations in a region with significant past-producing gold operations. The focus on test mining and infrastructure upgrades aligns with broader industry trends of optimizing existing assets for near-term production while managing operational risks. The company's large land package and fully permitted status position it favorably in the gold mining sector, but success hinges on maintaining the aggressive timeline for production.

What we're watching

Execution Risk: The pace at which underground development progresses will determine the feasibility of the 2027 production target.
Operational Efficiency: How effectively the test mining data reconciles current block models and optimizes the mining method for the L10 and Hinge zones.
Resource Management: Whether the additional underground equipment and contract mining crew will accelerate development rates as anticipated.