1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West Zone at True North
1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West
Zone at True North
Vancouver, British Columbia, April 30, 2025 – 1911 Gold Corporation ("1911 Gold" or the "Company")
(TSXV: AUMB; OTCBB: AUMBF; FRA: 2KY) is pleased to announce the assay results from eight (8) drill
holes for 1,371.0 metres (“m”) from the ongoing surface drill program at the recently discovered San Antonio
West target at the True North Project. The True North project, including a permitted mill, camp, and tailings
facility, is centrally located within the Company’s 100% -owned Rice Lake Gold property in southeast
Manitoba, Canada.
Highlights:
• Drilling has continued to expand the near-surface quartz vein hosted gold (“Au”) mineralization
on the new San Antonio West (“SAM West”) target
San Antonio West Target
• Drill results confirmed the western extensions of gold mineralization within the prolific San
Antonio mafic unit of 260 m down dip and 500 m along strike, including:
- TN-25-037: Intersected 8.73 grams per tonne (g/t) Au over 1.00 m at a downhole depth of
60.90 m, 62.40 g/t Au over 1.00 m at a downhole depth of 65.10 m, 6.09 g/t Au over 0.70 m at
a down hole depth of 86.80 m and 4.17 g/t Au over 4.50 m at a downhole depth of 128.80 m,
including 8.45 g/t Au over 0.80 m
- TN-25-035: Intersected 8.81 g/t Au over 2.10 m at a downhole depth of 69.00 m, including
19.20 g/t Au over 0.60 m
- TN-25-045: Intersected 6.84 g/t Au over 3.70 m at a down-hole depth of 7.50 m including
12.40 g/t Au over 1.40 m, and 5.30 g/t Au over 2.70 m at down hole depth of 29.50 m including
11.30 g/t Au over 0.50 m, and 7.69 g/t Au over 0.70 m
- TN-25-043: Intersected 12.50 g/t Au over 1.00 m at a downhole depth of 66.20 m
Shaun Heinrichs, CEO and President, stated, “These follow-up holes at the San Antonio West target show
evidence of several shear structures and also higher grades as we extend drilling to depth. The results
continue to show another parallel ore shoot to the San Antonio Mine vein system, similar to what we are
seeing on the San Antonio Southeast target . The target potentially extends over a kilometre or more to
depth. Further, the San Antonio West mineralization closes the gap between the San Antonio mine and the
Cartwright resource to the west, opening that area up for potential underground mining in the future. We
are currently completing a 400 metre deep hole on the SAM West target, and assays for another 7 drill
holes for 1,940 metres are pending from the laboratory. We are also developing underground drill plans for
this target, which will be prioritized based on our internal mine plan study.”
1911 Gold has now completed thirty-nine (39) surface drill holes, for a total of 8,487.4 m on the current drill
program which commenced in October 2024 and remains ongoing with new targets being generated and
drill tested within prospective host rocks, and mineralized structural settings, including significant historical
results. The program is continuing and is planned to include up to 30,000 m of drilling by the end of 2025.
Figure 1: True North: Geology and SAM West Drill Hole Location Map
Figure 2: BB’ True North Cross Section* (Looking NW)
*San Antonio Mine underground workings projected 400 m from the east
San Antonio West Target: Discussion of Results
Drilling completed to date has confirmed the extensions of gold mineralization within the SAM gabbro to
over 600 m west of the historically mined San Antonio zone, covering an area 500 m long and over 260 m
to depth, dipping 50º to the northeast. Thirteen (13) drill holes for a total of 2,099.0 m have been completed
to date on the SAM West target area.
The latest drill holes extended the footprint of mineralization 100 m to the east towards the main San Antonio
zone and 100 m down dip from the results announced on February 4, 2025 (see press release entitled
“1911 Gold Intersects 8.42 g/t Gold over 0.91 m and 7.23 g/t Gold over 1.05 m in Drilling at True North”).
Drill holes TN-25-035 (2.10 m @ 8.81 g/t Au, including 0.60 m @ 19.20 g/t Au), TN-25-037 (1.00 m @ 62.40
g/t Au), TN-25-045 (3.70 m @ 6.84 g/t Au) and TN-25-048 (1.00 m @ 3.44 g/t Au) tested an area over 100
m to the southeast and 100 m down dip of previously released drill hole TN-24-005 (3.00 m @ 2.45 g/t Au).
Drill hole TN-25-035, designed as a 200 m step- out to the east of drill hole TN -25-006 (4.84 m @ 3.70 g/t
Au, including 1.05 m @ 7.23 g/t Au and 0.91 m @ 8.42 g/t Au), intersected 2.10 m @ 8.81 g/t Au including
0.60 m @ 19.20 g/t Au. Drilling successfully extended the gold mineralization to the east as interpreted and
returned similar high-grade gold results.
Drill holes TN-25-029 and TN-25-043 (1.00 m @ 12.50 g/t Au) tested the up-dip extensions of the zone
above and to the east of previously released holes TN -24-007 and TN -24-006 ( 4.84 m @ 3.70 g/t Au,
including 1.05 m @ 7.23 g/t Au and 0.91 m @ 8.42 g/t Au).
Figure 3: AA' Long Section of San Antonio West Target (Looking Northeast)
Drilling has confirmed the exist ence of up to three (3) vein zones hosted within the target gabbro unit ,
supporting the potential to mine multiple zones on levels as conducted historically. Drill holes TN-25-035,
TN-25-037, TN -25-043 and TN -25-045 intersected 3 distinct vein zones hosting high-grade gold
mineralization over a vertical distance of over 200 m. TN-25-035 intersected 2.10 m @ 8.81 g/t Au including
0.60 m @ 19.20 g/t Au, TN-25-037 intersected 1.00 m @ 8.73 g/t Au and 1.00 m @ 62.40 g/t Au, 0.70 m
@ 6.09 g/t Au and 4.50 m @ 4.17 g/t Au, including 0.80 m @ 8.45 g/t Au. Drill hole TN-25-045, designed
as undercut of drill hole TN-25-043 (1.00 m @ 12.50 g/t Au) , intersected 3.70 m @ 6.84 g/t Au including
1.40 m @ 12.40 g/t Au, 2.70 m @ 5.30 g/t Au including 0.50 m @ 11.30 g/t Au and 0.70 m @ 7.69 g/t Au.
Drilling on the SAM West target is continuing to test down dip extensions of the defined gold mineralization,
including the continuity of the three vein zones, to a depth of 500 m. The Company is continuing to process
the drill core, and results of the deeper holes will be released upon receipt of final assays.
Table 1: Significant Drill Hole Assay Results
Target
Area
(name)
Drill Hole
(number)
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
SAM West TN-25-029 71.70 72.20 0.50 3.09
SAM West TN-25-035 53.10 53.60 0.50 3.30
69.00 71.10 2.10 8.81
Including 70.50 71.10 0.60 19.20
SAM West TN-25-037 60.90 61.90 1.00 8.73
65.10 66.10 1.00 62.40
86.80 87.50 0.70 6.09
128.80 133.30 4.50 4.17
Including 128.80 129.60 0.80 8.45
SAM West TN-25-043 66.20 67.20 1.00 12.50
SAM West TN-25-045 7.50 11.20 3.70 6.84
Including 8.30 9.70 1.40 12.40
29.50 32.20 2.70 5.30
Including 29.50 30.00 0.50 11.30
and 31.50 32.20 0.70 7.69
SAM West TN-25-048 31.90 32.90 1.00 3.44
1) Intercepts above a cut-off grade of 2.25 g/t Au
2) Maximum of 2.50 m internal dilution and no top capping applied
3) Intervals represent drill core length and are considered to represent 60% to 90% of true widths
4) Full Significant Assay Results included in Table 2
5) Drill hole Information included in Table 3
San Antonio West Target
The San Antonio West target is approximately 300 m west of the historically mined San Antonio zone of
the True North Gold Mine. The San Antonio West target occurs within the gabbro of the San Antonio mafic
unit and the intersection with the Cartwright Sout h mineralized shear zone. The SAM gabbro hosts the
majority of the known gold mineralization within the True North Mine and historically produced 1,309,351
ounces Au at an average grade of 9.33 g/t Au from San Antonio (see technical report entitled “NI 43-101
Technical Report on the True North Gold Project, Bissett, Manitoba, Canada”, prepared by Lions Gate
Geological Consulting Inc. and 1911 Gold, dated December 23, 2024, with an effective date of August 29,
2024, available on SEDAR+ at www.sedarplus.ca). Drilling has now confirmed gold mineralization in quartz-
carbonate shear veins with sericite, chlorite, minor tourmaline alteration and up to 2% disseminated and
veinlet-hosted pyrite. The target occurs as a vein system parallel to the San Antonio Mine ore body, with
the same geological, alteration and mineralization characteristics. Gold mineralization has been traced over
a strike length of 500 m and to 260 m down dip.
Figure 4: Expanded Long Section (AA') of San Antonio West with drill intercepts (view to NE)
Next Steps
With the continued intersection of good gold mineralization in step-out drilling of near surface targets at the
True North Gold Mine complex in the San Antonio West, and San Antonio Southeast target areas, 1911
Gold is continuing to re-open the underground workings in order to gain access to continue exploration
drilling to test the resource expansion of the 2 zones located immediately to the west and east of the
underground infrastructure (See April 9, 2025 press release entitled “1911 Gold Successfully Re-Enters the
True North Mine and Receives Manitoba Mineral Development Fund Grant”). The Company is also
continuing to test new target areas in addition to SAM W and SAM SE and has commenced the
development of a plan to re-commence production. Two drill rigs have been continuing to operate on the
property and results will be released as results are received. The review and redevelopment of the high
grade near surface Ogama-Rockland 43-101 mineral resource, located 25 km by road to the east of True
North, is also progressing well.
Table 2: True North; Select Drill Hole Assays
Target Area
(name)
Drill Hole
(number)
From
(m)
To
(m)
Interval
(m)
Au*
(g/t)
SAM West TN-25-025 No Significant Results
SAM West TN-25-029 71.70 72.20 0.50 3.09
SAM West TN-25-032 167.80 168.70 0.90 1.20
177.40 178.30 0.90 0.71
SAM West TN-25-035 53.10 53.60 0.50 3.30
69.00 71.10 2.10 8.81
Including 70.50 71.10 0.60 19.20
132.10 132.60 0.50 1.42
156.80 158.30 1.50 1.64
SAM West TN-25-037 60.90 61.90 1.00 8.73
64.10 65.10 1.00 1.78
65.10 66.10 1.00 62.40
86.80 87.50 0.70 6.09
127.80 128.80 1.00 1.43
128.80 133.30 4.50 4.17
Including 128.80 129.60 0.80 8.45
204.70 206.10 1.40 0.83
SAM West TN-25-043 5.70 6.50 0.80 1.18
10.10 11.30 1.20 0.74
13.00 13.50 0.50 1.03
66.20 67.20 1.00 12.50
69.70 70.20 0.50 1.33
73.30 77.00 3.70 0.65
81.40 83.30 1.90 0.53
SAM West TN-25-045 5.50 7.50 2.00 0.89
7.50 11.20 3.70 6.84
Including 8.30 9.70 1.40 12.40
11.20 12.80 1.60 0.68
29.50 32.20 2.70 5.30
Including 29.50 30.00 0.50 11.30
and 31.50 32.20 0.70 7.69
71.60 72.10 0.50 1.53
SAM West TN-25-048 28.30 29.20 0.90 0.96
31.90 32.90 1.00 3.44
33.70 34.90 1.20 0.67
39.30 40.50 1.20 0.81
45.20 47.00 1.80 0.62
55.30 56.10 0.80 1.75
*Composites above 0.5 g/t Au and metal factor above 0.5 Au “gxm”
Qualified Person Statement
The scientific and technical information in this news release has been reviewed and approved by Mr.
Michele Della Libera, P.Geo, Vice-President Exploration of 1911 Gold, who is a “Qualified Person” as
defined under NI 43-101.
Table 3: True North; Drill Hole Details
Drill Hole
(Number)
`Target
(Name)
Northing*
(m)
Easting*
(m)
Elevation
(masl)
Azimuth
(°)
Inclination
(°)
Depth
(m)
TN-25-025 SAM West 5655913 311823 255 230 -80 149.0
TN-25-029 SAM West 5655914 311826 255 186 -69 167.0
TN-25-032 SAM West 5655913 311822 256 139 -64 182.0
TN-25-035 SAM West 5655894 311926 253 228 -45 193.0
TN-25-037 SAM West 5655894 311926 253 292 -73 215.0
TN-25-043 SAM West 5655811 311852 248 285 -49 164.0
TN-25-045 SAM West 5655811 311852 248 285 -68 170.0
TN-25-048 SAM West 5655788 311872 251 148 -45 131.0
*Coordinates are provided in UTM NAD83 Zone 15
Quality Assurance/Quality Controls (QA/QC)
Core samples are collected by sawing the drill core in half along the axis, with one-half sampled, placed in
plastic sample bags, labelled, sealed and the other half retained for future reference. Batches are shipped
to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis.
Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed
by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values
equal or greater to 10.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis
(Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold. Certified
gold reference material samples are inserted every 20 samples and blank samples at intervals of one in
every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat third-party gold
analyses for 5% of all submitted sample pulps are analyzed at ALS-Chemex Laboratory, North Vancouver,
Canada.
About 1911 Gold Corporation
1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than
61,647 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 the 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 Denton- Keefer project near
Timmins, Ontario, and intends to focus on organic growth 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
S
haun Heinrichs
President and CEO
For further information, please contact:
Shaun Heinrichs
Chief Executive Officer
(604) 674-1293
www.1911gold.com
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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
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including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the
Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company
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timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans,
operations and prospects of the Company, 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 t hat 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
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SOURCE: 1911 Gold Corporation