1911 Gold Announces Initial Results from 2022 Exploration Drilling at the Rice Lake Gold Property, Manitoba
1911 Gold Announces Initial Results from 2022 Exploration Drilling at
the Rice Lake Gold Property, Manitoba
Highlights:
• 1911 Gold completed 9,202 metres of drilling on priority targets at the Tinney, Bidou and Wallace
projects on the Rice Lake property, and at the Apex project near Snow Lake, Manitoba
• To date, assay results for 5,028 metres of drilling at the Tinney and Bidou projects have been
received, with assays pending on 2,528 metres at the Wallace project as well as 1,646 metres at
the Apex (Snow Lake) project
TORONTO, Ontario, June 8, 2022 – 1911 Gold Corporation ("1911 Gold" or the "Company") (TSX-
V: AUMB) (OTCQX: AUMBF) reports that it has received assay results from 20 drillholes completed in the
Tinney and Bidou project areas as part of the first phase of 2022 exploration drilling at its 100%-owned Rice
Lake Gold Property in Manitoba.
For 2022, the Company’s exploration program will include two phases of exploration drilling as well as the
regional field program with the goal of advancing and expanding our pipeline of projects at Rice Lake, while
also advancing the Apex and Denton-Keefer (Timmins, Ontario) properties.
The Company completed 35 drillholes during the initial phase of drilling , totalling 9,202 metres , to test
multiple targets at the Bidou, Tinney and Wallace projects on the Rice Lake Gold Property (Figure 1), and
to test several targets on the Apex (Snow Lake) Gold Property in northern Manitoba.
Figure 1: Rice Lake property, showing major structures and project locations .
The Company completed 5,028 metres of exploration drilling at Tinney and Bidou, including 12 drillholes
(3,245 metres) to follow-up on four priority targets from the Company’s previous drilling, and 8 drillholes
(1,783 metres) to test four new targets generated by the field exploration program (Table 1).
Table 1: Assay results from 2022 exploration drilling at the Tinney and Bidou projects .
(1) Numbering reflects order in which drillholes were planned, rather than sequence of drilling
(2) Represents drillcore length; true widths are presently unknown
(3) Weighted-average composites; NSV, no significant values
Target Hole ID(1) Easting Northing Length Azimuth Incl. From To Length(2) Grade(3)
(m) (m) (m) (m ) (g/t Au)
Edna-Otter EO-22-021 340502 5639039 296 195 -58 205.70 206.70 1.00 1.65
244.80 246.90 2.10 0.72
EO-22-024 340721 5638906 349 200 -63 202.00 202.70 0.70 32.20
290.60 292.00 1.40 0.70
EO-22-026 340711 5639081 533 200 -64 NSV
EO-22-029 340568 5638859 173 200 -57 96.40 96.95 0.55 3.88
EO-22-030 340606 5638839 197 200 -60 125.00 127.30 2.30 1.11
Inc. 125.00 125.80 0.80 2.14
EO-22-031 340646 5638836 218 200 -45 35.15 36.05 0.90 11.10
174.02 174.90 0.88 0.52
EO-22-034 340543 5638882 173 200 -55 113.25 113.75 0.50 0.62
151.05 151.55 0.50 10.60
Couga r CG-22-007 340903 5638477 221 263 -45 144.30 144.80 0.50 1.14
Blac k Bear BB-22-001 340508 5638029 185 235 -60 NSV
BB-22-002 340400 5637908 182 225 -60 NSV
Big M ac MC-22-001 340754 5637441 272 317 -65 104.90 105.40 0.50 0.70
MC-22-002 341137 5637658 215 195 -45 3.30 4.00 0.70 4.87
43.00 44.20 1.20 1.67
90.55 91.20 0.65 0.79
94.80 95.80 1.00 0.66
98.10 98.60 0.50 8.82
MC-22-003 340872 5637382 230 195 -50 6.30 7.30 1.00 1.28
47.50 48.50 1.00 3.37
Vic tor ia VC-22-001 341422 5638200 104 310 -60 51.15 51.65 0.50 1.05
90.50 91.00 0.50 3.15
VC-22-002 341508 5638143 215 310 -50 NSV
Bidou South BL-22-016 334767 5637972 242 165 -47 NSV
BL-22-019 334810 5638136 464 165 -70 391.25 397.50 6.25 0.58
Inc. 394.90 396.25 1.35 1.20
420.80 421.30 0.50 0.63
Bidou Shear BS-22-009 336496 5637974 188 200 -60 NSV
BS-22-010 336432 5638000 191 200 -61 161.80 162.30 0.50 0.53
Eldorado EL-22-001 331174 5641343 380 035 -69 74.50 75.15 0.65 1.18
295.25 295.90 0.65 1.49
315.60 316.50 0.90 1.07
NAD83; UTM Z15N
Tinney Project
Exploration drilling at Tinney focused on the northern section of the Gunnar porphyry intrusion, testing
favourable structures in the porphyry and its host rocks, over a strike length of 1.8 kilometres (Figure 2).
Previous drilling by the Company indicates that the porphyry was a significant conduit for gold-bearing
fluids, analogous to Sigma-Lamaque in the Val d’Or camp, with extensive quartz vein systems associated
with pervasive alteration and local high-grade gold.
Figure 2: Tinney project, showing target areas and 1911 Gold drillholes.
Edna-Otter Target
Drilling at the Edna-Otter target had three objectives:
1) complete a fence of shallow drillholes (EO -22-029, -030, -031 and - 034) to test , at roughly 60
metres vertical depth, the continuity of a modeled structure at the upper contact of the porphyry
that returned high-grade intercepts from previous drilling (e.g., 8.1 g/t gold over 5.7 metres in EO-
21-005; see Press Release dated March 24, 2021);
2) test the northwest and northeast plunge-extensions of structural intersections predicted from the
Company’s detailed 3D model (EO-22-021 and -024);
3) complete a deeper drillhole to test the porphyry down- dip beyond the limits of previous drilling, to
confirm depth continuity of the mineral system (EO-22-026).
Drillhole EO-22-026 — the deepest yet completed at Edna-Otter at 533 metres — intersected the porphyry
over a core length of 145 metres, from 334 metres downhole , encountering over 70 metres of sheeted
quartz veins, alteration and sulphide mineralization that returned sporadic anomalous values up to 0.4 g/t
gold, thus confirming the mineral system continues to depth.
Drillhole EO-22-024 tested down- plunge to the northeast on the porphyry , yielding 32.2 g/t gold over 0.7
metres from a laminated quartz vein with visible gold just above the upper contact.
Although the shallow fence of drillholes consistently intersected the modeled structure at the upper contact
of the porphyry, assays yielded erratic gold values over narrow widths. Steep and flat veins adjacent to the
target structure returned local high- grade intercepts over narrow widths (11.1 g/t gold over 0.9 metres in
EO-22-031; 10.6 g/t gold over 0.5 metres in EO-22-034), highlighting the complexity of structures and veins
within the porphyry.
Newly acquired data from the 2022 drilling at Edna-Otter will be utilized to revise and enhance the 3D model
for this target and evaluate additional drill targets.
Cougar Target
One drillhole was completed at the Cougar target (located immediately south of Edn a-Otter along the
Gunnar porphyry) to test for continuity of high- grade zones (e.g., 9.3 g/t gold over 2.6 metres in CG -20-
001; see Press Release dated April 30, 2020) at the upper and lower contacts of the porphyry.
Drillhole CG-22-007 intersected thick intervals of shear deformation, alteration and quartz veins at both
contacts of the porphyr y; a laminated vein near the upper contact contained a few specks of visible gold
and returned 1.14 g/t gold over 0.5 metres. These structures remain open along strike to the south and to
depth.
Other Targets
The Company completed seven drillholes , targeting large-scale structures adjacent to and cutting the
Gunnar porphyry, as defined by outcrop mapping and LiDAR interpretation, and with associated gold in
outcrop and surficial sediments. Drilling specifically targeted bends or offsets of geological units along these
structures, none of which had previously been tested by drilling.
Thick zones of intense deformation with laminated quartz veins at the Victoria and Big Mac targets returned
localized gold values, including 4.9 g/t gold over 0.7 metres and 8.8 g/t gold over 0.5 metres in MC-22-002,
3.4 g/t gold over 1.0 metres in MC -22-003 and 3.2 g/t gold over 0.5 metres in VC -22-001. Each of these
large-scale gold-bearing structures remains open along strike and to depth, and will be further evaluated
during the 2022 field exploration program.
Bidou Project
Exploration drilling at Bidou focused on the Bidou South and Bidou Shear targets (Figure 3 ), where
previous drilling by the Company intersected gold mineralization within large-scale structures that cut basalt
flows, sedimentary rocks, gabbro sills and porphyry dikes – a setting strongly analogous to the Company’s
True North deposit at Bissett.
Figure 3: Southern portion of the Bidou project, showing target areas and 1911 Gold drillholes .
Bidou South Target
Drillhole BL-22-019 targeted the intersection between layered gabbro and a cross -cutting structure at a
vertical depth of approximately 400 metres, making this the deepest drillhole completed to date on this
target. The drillhole intersected nine metres of intens ely sheared, altered, quartz-veined and sulphidized
(pyrite, pyrrhotite, chalcopyrite, sphalerite) gabbro, approximately 10 metres above the targeted depth. This
zone yielded consistent elevated gold values over 6.3 metres, with a weighted average grade of 0.6 g/t gold
over that interval, confirming that the targeted structure remains open down plunge and along strike at this
depth, and is gold-bearing.
Drillhole BL-22-016 tested the same structure near surface, stepping out along strike to the west of previous
drilling, but did not yield significant assay results.
Bidou Shear Target
Two drillholes (BS-22-009, -010) were completed along strike to the west of previous drill holes at Bidou
Shear, to test a major structure hosted by a panel of sedimentary rocks between two gabbro sills. Both
drillholes intersected the targeted structure, d efined by over 10 metres of strongly sheared, altered and
quartz-veined sedimentary rocks, with BS-22-010 returning 0.5 g/t gold over 0.5 metres.
Eldorado Target
The Eldorado structure (see Figure 1 for general location) ranges from 1 to 2 metres wide at surface and
is traced by mapping for over 700 metres along strike, with veins and stringers of quartz containing localized
high-grade gold over its entire strike length. In the 1930s, Eldorado was developed on three levels
underground via a vertical shaft, but was never brought into production.
Three drillholes were designed to test the main structure below the workings, in locations down-plunge from
high-grade gold showings on surface and major flexures in the structure. One drillhole (EL- 22-001) was
completed in the first phase of drilling, intersecting three narrow zones of gold mineralization, the deepest
of which, representing the main structure, returned 1.1 g/t gold over 0.9 metres, thus confirming the
structure is open, albeit narrow, at depth.
2022 Field Exploration Program
Fieldwork is underway in a number of project areas on the Rice Lake property, including the Palomar and
Central Manitoba projects where early reconnaissance sampling has returned high-grade gold values from
quartz veins in outcrop, representing priority areas for follow-up. Data acquisition is also underway at the
Denton-Keefer property located 30 km southwest of Timmins, Ontario, along the prolific Porcupine-Destor
fault, with UAV LiDAR to be followed by heli-borne magnetic and electromagnetic surveys.
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. Drillcore is logged and sampled in a secure facility located in Bissett, Manitoba. Drillcore
samples for gold assay are cut in half using a diamond saw and are submitted to Activation Laboratories
Ltd. (Actlabs) in Ancastor, Ontario, for preparation by crushing to 80% passing 2 millimetres, riffle splitting
to obtain 250-gram aliquots, and pulverizing to 95% passing 106 microns. Pulps are analyzed by a 30-gram
fire assay and AAS finish. For assays above 5 g/t Au, a cut of the original pulp is re- assayed with a
gravimetric finish. Samples with visible gold are analyzed by metallic screen assay. In addition to Actlabs’
in-house 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 accounts for 10% of the total samples
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 Dr. 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 totalling more
than 58,000 hectares within and adjacent to the Rice Lake greenstone belt in Manitoba, and also owns the
True North mine and mill complex at Bissett, Manitoba, where it reprocesses 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 project near Snow
Lake, Manitoba and the Tully and Denton -Keefer projects 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
Shaun Heinrichs
President and CEO
For further information, please contact:
Shaun Heinrichs
(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
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
All forward- looking statements reflect the 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 qualified 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 not limited to, statements about exploration 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 anticipated,
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