1911 Gold (TSXV: AUMB; OTC: AUMBF) released its updated underground mineral resource estimate (MRE) for the True North gold project in southeastern Manitoba.
The company filed its technical report (NI 43-101) for the Manitoba project, which had been prepared by Lions Gate Geological Consulting and 1911 Gold, dated December 23, 2024.
The companies are releasing their underground MRE for the Truth North project within mineral resource constraining envelops using a 2.25 g/t gold threshold.
The gold company’s report provided an updated indicated mineral resource of Indicated Mineral Resource of 3.5 million tonnes at 4.41 g/t gold. The company has reported its updated inferred mineral resource at 5.49 million tonnes at 3.65 g/t gold.
The company’s updated MRE highlights areas for resource expansion both down plunge and along strike to the modeled veins, and within areas of historic drilling, for potential resource expansion with additional drilling.
Shaun Heinrichs, president and CEO of 1911 Gold, commented, "We are pleased to have completed the compilation and filing of the updated Mineral Resource Estimate Technical Report for the True North Gold Project. The new robust resource estimate forms the base of our plans moving forward both for the recommencement of production and the expansion and growth of resources at the True North Gold mine. We have a significant exploration drill program underway on a number of new targets and are moving to expand this program in 2025 with more resource expansion drilling".
The gold producer also reported surface drill program is now underway on new target areas including: Gold mineralization intersected in historic drillholes along strike from the resource and within 400 metres of surface, new targets identified during the re-interpretation and remodelling of gold mineralization that are proximal to gold-bearing shear zones within favourable host rocks. Finally, 1911 Gold is planning for 25,000 metres of resource expansion and new target drilling is underway for 2025.
1911 Gold is a junior explorer holding a consolidated land package totalling 63,276 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba. The project is located within the traditional territory of the Hollow Water First Nation.
The updated NI 43-101 report and more information on the company is posted on www.1911gold.com.
January 7, 2025
2 Comments
Donald Boucher
Your units for gold grades are confusing???? % g/t
Joseph Quesnel
Thanks Donald. I will fix that.