1911 Gold Confirms Resource Continuity at True North, Advances Mine Development

Event summary

  • 1911 Gold released additional assay results from underground delineation drilling at the True North Gold Project in Manitoba.
  • The drilling program, focused on the Hinge Zone (V-810) vein, confirmed continuity of gold mineralization as outlined in the recent Preliminary Economic Assessment (PEA).
  • Results from 10 drill holes (1,464m) included intercepts of up to 30.70 g/t Au over 0.60m and 12.00 g/t Au over 1.00m.
  • The company plans to mobilize a third underground drill rig next month to continue resource expansion and infill drilling, targeting a mine restart in 2027.

The big picture

1911 Gold's True North project represents a relatively rare opportunity in the gold mining sector: a fully permitted, near-term production asset with significant exploration potential. The current delineation drilling program is a crucial step in de-risking the project and validating the economics outlined in the PEA, but the company's ability to expand the resource base will be essential for long-term success. The project's location within a First Nation community also necessitates a collaborative and socially responsible approach to development.

What we're watching

Resource Expansion
The success of the planned third drill rig mobilization will be critical in expanding the resource base and justifying the 2027 mine restart timeline.
Geological Complexity
The 'pinch-and-swell' geometry of the V-810 vein suggests potential for localized high-grade zones, requiring careful geological modeling and stope design.
Operational Execution
The ability to efficiently integrate the new drill results into the project database and update resource models will be key to optimizing the mine plan and maintaining development momentum.

Related topics

Mining Gold