1911 Gold Confirms High-Grade Link Between L10 and 710-711 Zones at True North — 1911 Gold Corporation

Event summary

1911 Gold intersected significant gold grades at the L10 Zone, including 50.61 g/t Au over 1.60 m, confirming a link to the larger 710-711 Zone at the True North Gold Project.
The company completed 20 drill holes for 6,563 m as part of the resource expansion program, with 11 holes confirming the L10/710-711 Complex Link.
A global mineral resource estimate is expected in Q4 2026, incorporating results from the L10 Zone and other near-mine discoveries.
The company extended its loan agreement with Auramet International, pushing the Tranche 2 drawdown deadline to December 4, 2026.

The big picture

1911 Gold's confirmation of the L10/710-711 Complex Link underscores the strategic importance of systematic exploration in expanding known mineral resources. The company's focus on district-scale opportunities in the Rice Lake Greenstone Belt aligns with broader industry trends of consolidating and expanding high-potential gold projects. The loan agreement extension provides additional financial flexibility, but the company's ability to meet the cost to completion estimate will be critical in advancing the project towards a potential production decision.

What we're watching

Resource Expansion: The pace at which 1911 Gold can expand the L10/710-711 Complex Link will determine the scale of the True North Gold Project's resource base.
Financing Dynamics: Whether 1911 Gold can secure the cost to completion estimate required for the Tranche 2 drawdown will impact its ability to advance the project.
Market Timing: How the Q4 2026 resource estimate will position 1911 Gold in the gold exploration sector, particularly in light of broader market conditions.