1911 Gold Drill Results Validate True North Resource Model, Boost Restart Prospects

Event summary

  • 1911 Gold’s underground drilling at the True North Gold Project confirmed continuity of mineralization in the Hinge and L10 zones.
  • The drill program, comprising 25 holes and 3,894 meters, expanded the modelled vein widths on average.
  • Highlighted drill results include intercepts of up to 23.60 g/t Au over 0.70 m and 15.90 g/t Au over 0.80 m.
  • The results support the economics outlined in the Preliminary Economic Assessment (PEA) released February 10, 2026, and pave the way for a potential production restart in 2027.

The big picture

1911 Gold’s True North project represents a relatively rare opportunity for near-term gold production in Canada, particularly given the fully permitted infrastructure already in place. The positive drill results de-risk the project and increase the likelihood of a successful restart, but the company's ability to execute on its development plans and maintain community support will be crucial for realizing the project's full potential. The confirmation of wider vein widths suggests potential for upside beyond the initial PEA estimates.

What we're watching

Resource Expansion
Further drilling results will be critical to assess the full extent of the expanded mineralization and its impact on the overall resource estimate.
Operational Execution
The ability to efficiently and safely expand underground operations will be key to meeting the planned 2027 restart timeline.
Community Relations
Maintaining positive relationships with the Hollow Water First Nation and Black River First Nation will be essential for long-term operational success.

Related topics

Mining Gold