1911 Gold Drilling Confirms Extensions of Gold Zones at Historical Central Manitoba Gold Mine
1911 Gold Drilling Confirms Extensions of Gold Zones at Historical
Central Manitoba Gold Mine
TORONTO, Ontario, February 22, 2024 – 1911 Gold Corporation ("1911 Gold" or the "Company")
(TSX-V: AUMB) (OTCQX: AUMBF) is pleased to report assay results from the Fall 2022 diamond drill
program on its Rice Lake Gold Property in Manitoba as well as provide an update on the True North mine
complex mineral resource estimate review. The 2022 drill program primarily focused on the historical
Central Manitoba gold mine, located approximately 25 kilometres (“ km”) southeast of the True North mill
and mine complex, testing the extensions of known gold mineralization.
Highlights:
Central Manitoba
• Drill results confirmed the extensions of gold mineralized structures over 400 m of strike
length on the Wentworth vein corridor and over 270 m of strike length on the Hope-Roger
vein corridor.
• Drill hole CM-22-010 intersected 2.75 metres (“m”) of 2.27 grammes per tonne (“g/t”) gold
(“Au”) at a down hole depth of 31.10 m, including 0.55 m of 10.10 g/t Au, as a 125 m step-
out to the southeast of historical drillholes,
• Drill hole CM-22-009 intersected 1.25 m of 3.28 g/t Au at a down hole depth of 122.25 m,
including 0.55 m of 7.23 g/t Au, along strike 270 m to the northwest of CM-22-010,
Palomar
• Drill hole PL -22-003, intersected 3.20 m of 1.90 g/t Au at a down hole depth of 135.20 m ,
including 0.80 m of 7.16 g/t Au, in the first drill hole drilled on this target.
Shaun Heinrichs, 1911 Gold’s President and CEO, stated “We are encouraged with the results returned
from the large step-outs drilled at the historical Central Manitoba Gold Mine. This structure spans over 2.6
km in length and our drill results, combined with historical data, indicate a potentially large, mineralized
structure open at depth and to the southeast. Some of our best results were from large step outs into
previously untested areas and extended known zones as well as identified new zones, all remaining open.
These findings, along with our progress on validating and updating the existing mineral resource estimate
for the True North mine, will significantly advance us towards a sustainable resource and production profile
leveraging our existing infrastructure.”
2022 Exploration Drilling Program
Central Manitoba
In 2022, t he Company drill tested the extensions of high- grade veins from both historical workings and
drillholes, as well as potential for parallel vein systems well into the h angingwall along strike from the
historical underground workings, in areas with no record of previous drilling. The initial program included
fourteen (14) drillholes for 3,786.0 m of drilling.
The Central Manitoba mine (Figure 1) is the second-largest historical producer in the Rice Lake district,
with among the highest head grades (12.60 g/t Au) and total gold production of 160,000 ounces (“oz”).
Bison Gold Resources Inc (“Bison”) drilled a total of sixty-six (66) diamond drill holes for a total of 13,268.9
m at Central Manitoba between 2006 and 2009, testing the extensions of gold mineralization to historical
mine workings (see Bison press releases dated January 18, 2010 and March 04, 2010). The vein systems
extend over 2.6 km at surface (Figure 2) but were only mined to vertical depths of up to 150 m.
Figure 1: Central Manitoba Mine Location Map With Surface Assays
Twelve (12) drillholes (CM-22-001 to CM-22-008, and CM-22-011 to CM-22-014), totalling 2,881.0 m, tested
for extensions of high- grade gold mineralization intersected by Bison on the Wentworth vein system.
Highlights from the previous Bison drill program included intercepts of 5.49 m @ 10.26 g/t Au, including
1.15 m @ 30.24 g/t Au from a down-hole depth of 66.66 m in drill hole CM-09-13, and 1.11 m @ 23.10 g/t
Au, including 0.50 m @ 50.40 g/t Au at a down hole depth of 68.82 m in drill hole CM-09-15. The Bison drill
holes w ere relatively shallow and close spaced, with the best intercepts occurring where the host
stratigraphy appears to be more gently inclined in the hinge of an upright open fold, as well as along the
steep north limb of this fold.
Table 1: Central Manitoba- Palomar Significant Drill Results
Target Drill Hole(1) From To Length(2)(5) Grade(3)(4)
(Name) (#) (m) (m) (m) (g/t Au)
Central
Manitoba CM-22-001 47.15 47.65 0.50 0.26
87.30 88.00 0.70 2.15
CM-22-002 52.25 52.60 0.35 1.82
54.30 55.00 0.70 0.53
69.15 69.70 0.55 2.39
72.50 73.50 1.00 1.40
76.70 77.35 0.65 0.91
91.05 92.30 1.25 0.46
95.20 96.70 1.50 0.27
CM-22-003 148.10 148.60 0.50 0.43
CM-22-004 97.40 98.20 0.80 0.39
CM-22-005 117.00 117.50 0.50 2.30
CM-22-006 147.50 148.00 0.50 0.42
149.50 150.00 0.50 0.26
Open
CM-22-007 152.10 152.60 0.50 0.64
154.20 155.00 0.80 0.33
198.50 199.20 0.70 0.59
CM-22-008 NSV
CM-22-009 122.25 123.50 1.25 3.28
inc. 122.25 122.80 0.55 7.23
CM-22-010 31.10 33.85 2.75 2.27
inc. 33.30 33.85 0.55 10.10
CM-22-011 45.80 46.30 0.50 0.28
114.90 115.40 0.50 0.86
117.35 117.65 0.30 0.27
CM-22-012 218.30 219.30 1.00 1.58
CM-22-013 NSV
CM-22-014 123.75 125.50 1.75 0.28
175.55 177.00 1.45 0.31
261.60 262.50 0.90 0.55
Palomar PL-22-001 38.40 42.00 3.60 0.39
96.80 100.00 3.20 0.74
PL-22-002 97.70 98.40 0.65 0.29
127.70 128.30 0.60 1.16
PL-22-003 98.00 98.70 0.70 0.34
100.00 100.90 0.90 0.37
118.50 119.90 1.40 0.49
135.20 138.40 3.20 1.90
inc. 135.20 136.00 0.80 7.16
(1) Numbering reflects order in which drillholes were planned, not sequence drilled
(2) Represents drill core length; true widths are presently unknown.
(3) Weighted-average composites at 0.25 g/t composite grade cut-off
(4) NSV, no significant values
(5) Maximum of 1.60 m internal dilution and no top capping applied
The 2022 1911 Gold drill program intersected predicted stratigraphy, structures, alteration, and quartz
veins, with some quartz-sulphide vein intercepts reaching widths of 7.50 m (CM-08-007). These drillholes
targeted plunge projections of the fold hinge and the southern limb of the fold at depth, intersecting
numerous intervals of anomalous to low-grade gold assays. Significant mineralization appears primarily on
the hinge and northern limb of the fold, where better intercepts were previously found. Data from oriented
drill core confirmed the geometry of these controlling structures, providing critical information on new
constraints for exploration along other large-scale fold structures within the Central Manitoba trend, notably
the map-scale Dove Lake syncline ( Figure 1). Drill holes CM -22-002 (0.55 m @ 2.39 g/t Au), CM- 22-005
(0.50 m @ 2.30 g/t Au), CM- 22-007 (0.70 m @ 0.59 g/t Au), and CM- 22-012 (1.00 m @ 1.58 g/t Au)
confirmed the plunge extensions of the zone over a strike length exceeding 200 m.
Two (2) deeper drillholes (CM-22-009 and CM -22-010), totaling 906.0 m, were step- outs on the Roger -
Hope structural corridor to the southeast, designed to test the revised structural model, the potential for
extensions of the Hope and Roger zones, and the potential for previously unrecognized parallel shears
further into the hanging-wall of these zones. Previous drilling by Bison intersected up to 1.78 m @ 57.99
g/t Au, including 0.49 m @ 207.37 g/t Au in drill hole CM-08-04 at a down hole depth of 191.57 m, and 3.04
m @ 9.26 g/t Au, including 0.30 m @ 87.56 g/t Au in drill hole CM-08-04 at a down hole depth of 206.85 m
(see Bison press releases dated January 18, 2010 and March 04, 2010).
Drillhole CM -22-009 confirms that the Roger vein continues to depth below the historical workings,
intersecting 1.25 m @ 3.28 g/t Au , including 0.55 m @ 7.23 g/t Au at a down hole depth of 122.25 m
associated with quartz-sulphide veins within 6 .0 m of strongly sheared and altered rock, representing the
host structure to the Roger vein. Drillhole CM-22-010 intersected a new gold zone that returned 2.75 m @
2.27 g/t Au, including 0.55m @ 10.10 g/t Au from 31.10 m downhole, confirming the presence of mineralized
structures well into the hangingwall south of historical workings, and highlighting the potential for additional
structures along strike to the southeast in the block of favourable stratigraphy between the North Carbonate
and Dove Lake faults (Figure 1).
Figure 2: Current and Historical Drilling at Central Manitoba
Palomar
Palomar is a significantly underexplored area located 20 km east of the True North mill and mine complex.
In late 2022 the Company completed a maiden drill program consisting of three (3) drillholes, totalling 603.0
m, to test two parallel structures that returned high- grade gold values from grab and channel samples (up
to 2.40 m @ 10.60 g/t Au). The structures range up to 5 m in thickness and are spaced approximately 20
m apart, over an exposed strike length of 125 m on surface.
These drillholes, spaced roughly 70 m apart along the structural trend, confirmed that the mineralized
structures continue to depth, yielding anomalous to low-grade gold values. Of note in drillhole PL-22-003 is
the presence of three spatially separate zones, the deepest of which is a distinct zone of sheeted laminar
quartz veins that returned 3.20 m @ 1.90 g/t Au, including 0.80 m @ 7.16 g/t Au from 135.20 m downhole.
The mineralized structures remain open in all directions.
Table 2: Drill Hole Details
Target Drill Hole Easting Northing Elev. Length Az. Inc.
(Name) (#) (NAD83; UTMZ15) (m) (m) (°) (°)
Central Manitoba CM-22-001 336184 5641379 336 272.0 015 -65
CM-22-002 336060 5641370 335 149.0 015 -45
CM-22-003 335960 5641333 335 200.0 015 -45
CM-22-004 335865 5641447 333 231.3 015 -55
CM-22-005 336023 5641329 337 191.0 015 -50
CM-22-006 335902 5641354 334 200.0 015 -55
CM-22-007 336166 5641317 336 251.0 015 -65
CM-22-008 335630 5641417 333 356.0 015 -65
CM-22-009 336480 5641111 332 507.5 012 -70
CM-22-010 336730 5641027 327 398.0 010 -50
CM-22-011 336238 5641335 336 203.2 015 -59
CM-22-012 336212 5641271 337 290.0 015 -57
CM-22-013 336027 5641301 334 230.0 017 -60
CM-22-014 336140 5641247 334 307.0 015 -60
Palomar PL-22-001 333158 5650737 326 200.0 032 -46
PL-22-002 333272 5650671 320 200.0 030 -45
PL-22-003 333217 5650701 320 203.0 030 -45
Update on True North Mineral Resource Review
In late 2023 the Company commenced a detailed review of the current National Instrument (“NI”) 43- 101
resource (“Technical Report for the True North Mine. Bissett, Manitoba, Canada” by Practical Mining LLC ,
dated May 08, 2018) for the True North underground mine. This work is designed to validate and update
the 2018 Mineral Resource Estimate (“MRE”), based on new estimation parameters, including an updated
gold price (the 2018 resource was estimated using a US$1,400 per oz gold price), and to identify additional
areas of gold mineralization outlined in historical drilling accessible from existing infrastructure for possible
upgrade to resources.
The Company has completed compiling and validating all relevant data, including reviewing wireframes,
assay composites, block models, and estimation parameters. This process identified several unclassified
areas with resource expansion potential. These areas, along with other known mineralized zones, will be
the focus of additional resource potential studies. Subsequently, efforts will shift to updating the MRE and
targeting extensions of the resource and new areas for potential inclusion in future updates. The updated
and confirmed new MRE will serve as the basis for an economic review of possible development scenarios.
Rice Lake Gold Property
The Rice Lake Gold Property is located on the Archean Rice Lake greenstone belt , which is the western
extension of the prolific Red Lake belt in adjacent Ontario and is situated along the same crustal -scale
structure (an ancient plate-margin) that accounts for the exceptional gold endowment of this district. The
Company’s consolidated land position, now totaling over 63,000 hectares after strategic acquisitions ,
covers a 70- kilometre-long section of a crustal -scale ‘break’ —referred to as the Wanipigow Fault —that
represents a principal control on orogenic gold in the Rice Lake– Red Lake district. The belt includes the
True North deposit at Bissett, Manitoba, which historically produced nearly 2 million ounces of gold.
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 63,000 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. 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 property near Snow Lake, Manitoba, and the Denton- Keefer property
near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities i n
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
President and CEO
(604) 674-1293
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
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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
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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
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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.
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SOURCE: 1911 Gold Corporation