1911 Gold Commences PEA on True North Project and Provides Update on Underground Progress
1911 Gold Commences PEA on True North Project and
Provides Update on Underground Progress
Vancouver, British Columbia , August 28 , 202 5 – 1911 Gold Corporation (" 1911 Gold " or the
"Company") (TSXV: AUMB; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has engaged AMC
Consultants (“AMC”) of Toronto, Canada to complete a Preliminary Economic Assessment ( “PEA”) study
on the Company’s wholly-owned True North Gold Project, located in Manitoba.
The PEA will evaluate the potential restart of underground mining operations at the True North mine,
utilizing the existing permitted 1,300 tonne- per-day processing facility in Bissett. AMC will assess
development and mining method scenarios based on the Company’s current mineral resource estimate
and extensive underground infrastructure, while referencing the Company’s own internally developed mine
plans. While the PEA will not incorporate results from recent and planned drilling, management believes
that continued exploration success may provide significant upside beyond the scope of this assessment.
“Initiating a PEA with AMC is a critical milestone as we advance the True North Mine toward a restart,”
stated Shaun Heinrichs, President and CEO of 1911 Gold. “We intend to use the results of the PEA,
together with delineation drilling to be completed in the fall on two bulk sample target zones, to finalize
plans for a trial production run in mid-2026. This initial trial mining campaign, expected to last 3 - 5 months,
will provide an important step toward demonstrating the planned mining and development methods, as well
as confirm the resource and economics.”
The Company anticipates delivering the PEA by the first quarter of 2026, which will provide the foundation
for redevelopment planning and engagement with key stakeholders.
Underground Status Update
Momentum underground continues to build, with rehabilitation work nearing completion on Level 16 and
other supporting levels in preparation for the next phase of drilling. Hancon Mining Ltd. mobilized crews to
the site in August to complete critical rehabilitation and infrastructure upgrades required for drill access,
with rigs scheduled to arrive in late September.
Further information on the planned drill program will be provided closer to the commencement date, with a
total of 30,000 metres planned over the next several quarters. Drilling will include:
• Exploration drilling focused on expanding the size potential of the recently discovered San Antonio
West and San Antonio Southeast zones located adjacent to the historically mined San Antonio zone,
within reach of existing underground workings.
• Delineation drilling on the bulk sample target zones identified for early trial mining.
• Resource expansion drilling to test extensions of resources scheduled for near-term production upon
completion of the PEA.
These programs, together with the planned trial mining campaign, will deliver critical technical data to
validate mining methods, inform development decisions, and unlock additional exploration opportunities
across the broader True North Gold Project.
About 1911 Gold Corporation
1911 Gold is a junior gold developer with a highly prospective, consolidated land package totaling more
than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba. The
Company also owns the True North mine and mill complex at Bissett, Manitoba, providing a fully permitted
infrastructure hub to support future development. 1911 Gold believes its land package represents a prime
opportunity to build a new mining district centred on the True North complex.
In addition, the Company holds the Apex project near Snow Lake, Manitoba, and the Denton-Keefer project
near Timmins, Ontario, and remains focused on advancing organic growth while pursuing accretive
acquisition opportunities across 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 communi cation 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
Chief Executive Officer
(604) 674-1293
www.1911gold.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may contain forward -looking information and statements, collectively (“forward-looking
statements”), within the meaning of applicable Canadian securities legislation. 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 Compa ny'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, predictions, projections, forecasts , 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, as well as statements relating to the plans and timing for the potential mining operations at the True
North Project, including trial mining and the benefits therefrom, 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