1911 Gold Advances the Apex Gold Property near Snow Lake Manitoba; Grab Samples Return up to 1,240 Grams per Tonne Gold
1911 Gold Advances the Apex Gold Property near Snow Lake
Manitoba; Grab Samples Return up to 1,240 Grams per Tonne
Gold
TORONTO, ON, October 6, 2021 – 1911 Gold Corporation ("1911 Gold" or the "Company") (TSX-
V: AUMB) (OTCQX: AUMBF) is pleased to provide an exploration update for its 100% owned Apex Gold
Property, located in the prolific Snow Lake Mining District in northern Manitoba.
Highlights:
• Assay values up to 1,240 g/t gold obtained from grab samples of quartz veins and altered
wallrock associated with fault systems cutting the Rex Lake Pluton, adjacent to the crustal-
scale Crowduck Bay Fault
• High-grade gold is associated with zones of sulphide enrichment containing up to 40%
disseminated sulphide (arsenopyrite, pyrite, pyrrhotite, chalcopyrite), within and peripheral
to fault-systems in the Rex Lake Pluton
• Recently-completed OreVision® induced-potential (IP) geophysical survey by Abitibi
Geophysics identified strong chargeability anomalies, interpreted to signify zones of
sulphide enrichment, coinciding with known near-surface gold mineralization
• Larger IP anomalies also identified at depth within and adjacent to the Rex Lake Pluton,
which have not been tested by previous drilling
Scott Anderson, Ph.D., P.Geo., Vice-President Exploration, stated, “While the Company remains focused
on its flagship asset in the Rice Lake Gold District of southeast Manitoba, we continue to advance other
assets within the Company’s portfolio, and are extremely pleased with the results to date from the Apex
Gold Property. Located immediately to the north and adjacent to the Laguna Gold Property currently being
explored by an affiliate of Kinross Gold Corporation, the highly prospective Apex Gold Property has rapidly
advanced to drill-ready status and the Company looks forward to testing a number of very compelling drill
targets that show strong potential for significant discovery”.
Apex Gold Property – Exploration Program
The Company initiated exploration at the Apex Gold Property in 2019, completing reconnaissance
geological mapping, prospecting and surficial geochemical surveys of historical gold showings. This work
confirmed the widespread presence of gold mineralization and yielded assay values up to 132.6 g/t gold
from strongly sulphidized inclusions (xenoliths) in the Rex Lake Pluton (Table 1).
This important new observation prompted 1911 Gold to expand its land position westward, staking seven
additional claims, totaling 1,448 hectares, to cover the western contact of the Rex Lake Pluton and the
adjacent Burntwood Group – a possible source of the high-grade xenolith in the pluton (Figure 1).
In 2021, the Company cut a 17 line-kilometre grid to facilitate a geophysical survey across the major trend
of gold mineralization and the western contact of the pluton. The survey, completed by Abitibi Geophysics
using the OreVision® induced-polarization (IP) system, included six profile lines arranged into 3 pairs of
200-metre-spaced lines, with each pair separated by 400 metres, providing coverage over 1,400 metres
of strike length along the targeted features.
Table 1: Highlighted assay results from grab samples, Apex Gold Property
Sample Year Sample type Rock type Easting Northing Gold assay
number (NAD83, UTM Z14) (g/t Au)
R15354 2021 Outcrop Vein 448655 6076058 26.1
R15352 2021 Outcrop Vein 448655 6076062 17.3
R15349 2021 Outcrop Vein 448665 6076090 1240.0
R15345 2021 Outcrop Vein 448655 6076065 5.0
R15344 2021 Float Vein 448060 6074668 11.2
R15338 2021 Outcrop Wallrock 448202 6074169 11.3
R15337 2021 Outcrop Vein 448205 6074170 36.2
R11766 2019 Outcrop Vein 449307 6073587 6.2
R11761 2019 Outcrop Vein 449321 6073303 7.7
R11759 2019 Outcrop Vein 449208 6073237 20.8
R11758 2019 Float Vein 449195 6073235 10.4
R11755 2019 Outcrop Vein 449224 6073241 69.1
R11743 2019 Outcrop Wallrock 447999 6074883 132.6
R11735 2019 Outcrop Vein 448001 6075573 7.8
R11734 2019 Outcrop Vein 447999 6075577 14.1
The OreVision® IP survey successfully identified two priority trends of chargeable targets, the eastern of
which is entirely within the Rex Lake Pluton and includes the historical Apex Gold Deposit at its northern
end (Figure 1). The western trend mimics the contact of the Rex Lake Pluton and Burntwood Group. In
section, the eastern trend is defined by a series of sub-horizontal anomalies extending to depth
(consistent with the sub-horizontal attitude of the Apex Gold Deposit), whereas the western trend includes
both subvertical and sub-horizontal anomalies. Each trend thus contains extremely compelling targets for
exploration drilling, in areas with no record of historical drilling.
Follow-up work during the 2021 field season included two weeks of geological mapping, prospecting and
surficial geochemistry, expanding on the work completed in 2019 and extending coverage over near-
surface geophysical targets identified by the IP survey.
Highlights from grab sampling during this program include several high-grade gold values from the
defined mineralized trends within the pluton, including a spectacular value of 1,240 g/t gold from the
historical Montana vein in the northeast portion of the property. To date, 52% of samples collected by
1911 Gold have returned values greater than 1 g/t gold, with 18% of samples containing greater than 5 g/t
gold, highlighting the excellent prospectivity of this property.
Apex Gold Property – Background
The Apex Gold Property, totalling 2,200 hectares, is located 14 kilometres southeast of Snow Lake
Manitoba (Figure 1), within the prolific Snow Lake Mining District that contains world-class base-metal
and gold deposits, as well as significant deposits of nickel and lithium.
Gold mineralization on the property is hosted by the Rex Lake Pluton – a multiphase gabbro–granite
intrusion that was emplaced into marine sedimentary rocks of the Burntwood Group, immediately north of
the crustal-scale Crowduck Bay Fault. High-grade gold mineralization is hosted by quartz veins in brittle-
ductile shears and faults, as well as zones of disseminated sulphides containing arsenopyrite, pyrite,
pyrrhotite and chalcopyrite.
The Apex Gold Deposit, discovered in 1918, is the most significant gold occurrence on the property. It
forms a sub-horizontal sheet-like body exposed at surface over an area measuring approximately 200
metres by 150 metres, consisting of disseminated to fracture-controlled quartz and arsenopyrite. The
deposit was tested by several drilling programs between 1934 and 1981, consisting mainly of shallow,
close-spaced drillholes (approximately 6,000 metres in 100 drillholes), from which a historical resource
was calculated (pre-dates National Instrument 43-101 Standards of Disclosure for Mineral Projects).
In 2009, Bison Gold Resources Inc. completed a detailed (20 metre line-spacing) airborne magnetic
gradiometer survey, totalling 1,612 line-kilometres, over the Apex Gold Property, providing much clearer
resolution of the internal complexity of the Rex Lake Pluton. Importantly, this survey also clearly outlined
the Apex Gold Deposit and demonstrated the presence of several similar geophysical anomalies with no
record of historical drilling.
Outlook
The Company continues to process new data collected during the 2021 field exploration program, which
prioritized the acquisition of surficial geochemical data over geophysical anomalies in areas of minimal
bedrock exposure. The results of the field program will be integrated with the high-quality geophysical
datasets to prioritize targets for exploration drilling, planned to include approximately 2,500 metres in Q1-
Q2 2022.
QA-QC Protocols
Sample handling, preparation and analysis are monitored through the implementation of formal chain -of-
custody procedures and quality assurance-quality control (QA -QC) programs designed to follow industry
best practices. Rock samples were submitted to Activation Laboratories Ltd. in Ancastor, Ontario (2021
program) or TSL Laboratories Inc. in Saskatoon, Saskatchewan (2019 program) , for gold determinations
by 30-gram fire assay and AAS finish. Samples above threshold were re-assayed with a gravimetric finish
using a cut of the original pulp . In addition to laboratory QA-QC protocols, 1911 Gold inserts certified
standards, non-certified blanks and field duplicates into the sample stream at regular intervals, such that
QA-QC samples account for 10% of the total submitted . Results are routinely evaluated for accuracy,
precision and contamination.
Qualified Person Statement
Technical information in this news release has been reviewed and approved by Scott Anderson, Ph.D.,
P.Geo., the Company’s Vice President, Exploration, and Qualified Person as defined by Canadian National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About 1911 Gold Corporation
1911 Gold is a junior explorer that holds a highly prospective, consolidated land package of contiguous
mining claims that totals more than 58,000 hectares within and adjacent to the Archean Rice Lake
greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba,
where it is reprocessing historic tailings on a seasonal basis. 1911 Gold believes its land package is a prime
exploration opportunity, with potential to develop a mining district centred on the True North complex. The
Company also owns the Apex Gold Property near Snow Lake, Manitoba and the Tully and Denton-Keefer
gold properties near Timmins, Ontario , and intends to focus on both organic growth opportunities and
accretive acquisition opportunities in North America.
1911 Gold’s True North complex and exploration land package are located within the traditional territory of
the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining
open, co -operative and respectful communication with the Hollow Water First Nation , and all local
stakeholders, in order to build mutually beneficial working relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Ron Clayton
President and CEO
For further information, please contact:
Shaun Heinrichs
Chief Financial Officer
(604) 674-1293
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may contain forward -looking statements. Often, but not always, forward -looking
statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is
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events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
All forward -looking statements reflect t he Company's beliefs and assumptions based on information
available at the time the statements were made. Actual results or events may differ from those predicted in
these forward-looking statements. All of the Company's forward -looking statements are qual ified by the
assumptions that are stated or inherent in such forward -looking statements, including the assumptions
listed below. Although the Company believes that these assumptions are reasonable, this list is not
exhaustive of factors that may affect any of the forward-looking statements.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and
other factors which may cause the actual results, performance or achievements to be materially different
from any future results, prediction, projection, forecast, performance or achievements expressed or implied
by the forward-looking statements. All statements that address expectations or projections about the future,
including, but no t limited to, statements about e xploration plans and the timing and results thereof , are
forward-looking statements. Although 1911 Gold has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those described in forward -looking
statements, there may be other factors that cause actions, events or results not to be as anticipat ed,
estimated or intended. There can be no assurance that forward -looking statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.
All forward-looking statements contained in this news release are given as of the date hereof. The Company
disclaims any intention or obligation to update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: 1911 Gold Corporation