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
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
Vancouver, British Columbia , February 4 , 202 5 – 1911 Gold Corporation ("1911 Gold " or the
"Company") (TSXV: AUMB; OTCBB: AUMBF; FRA: 2KY) is pleased to announce the assay results from
ten ( 10) drill holes for 2,222.00 metres (“m”) from the surface exploration drilling program currently in
progress at the True North Project located on the Company’s 100% -owned Rice Lake Gold property in
Manitoba, Canada.
Highlights:
• Drill results confirmed the extension of quartz vein hosted, near-surface gold (“Au”)
mineralization on both the San Antonio West and Hinge East targets
San Antonio West Target
• Drill results confirmed the western extension of gold mineralization hosted within the prolific
San Antonio mafic unit, including:
- Drill hole TN-24-005 intersected 3.10 m @ 2.45 grams per tonne (“g/t”) Au at a down-hole
depth of 122.75 m and 0.65 m @ 7.76 g/t Au at a down-hole depth of 147.00 m
- Drill hole TN-24-006 intersected 4.84 m @ 3.70 g/t Au at a down-hole depth of 125.38 m,
including 1.05 m @ 7.23 g/t Au and 0.91 m @ 8.42 g/t Au
- Drill hole TN-24-007 intersected 1.80 m @ 2.49 g/t Au at a down-hole depth of 115.45 m
Hinge East Target
• Drilling intersected a w ide quartz vein, and vein breccia intersected at 33.00 m vertical depth
within a 42.60 m core length, including:
- Drill hole TN -24-003 intersected 3.45 m @ 2.85 g/t Au at a down hole depth of 44. 65 m,
including 0.55 m @ 6.20 g/t Au and 0.50 m @ 6.30 g/t Au
Shaun Heinrichs, President & CEO, stated, “When we first reviewed our updated model in 2024 and
identified these prospective targets, we were surprised to find that these areas had largely remained
untested at the surface, despite positive results at depth or along strike. Now that we are seeing the initial
results from our first phase of drilling, we are excited about the potential for a parallel vein structure at San
Antonio West, as well as the possible near -surface mineralization at Hinge East. Using th ese results and
historical drilling data in the area, Michele and his team have designed a follow -up program to trace this
mineralization along strike and to depth. A second drill rig will mobilize in the coming weeks as we expand
the drill program and continue advancing these targets alongside the ongoing drilling underway at the San
Antonio Southeast target.”
Figure 1: Simplified True North geology map and drill hole locations
Figure 2: Isometric view of True North Mine Complex with target area locations, underground
workings, and known vein shapes (light blue)
Table 1: Select Significant Drill Hole Assay Results
Target Area Drill Hole
Number
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Hinge East TN-24-003 44.65 48.10 3.45 2.85
Including 44.65 47.05 2.40 3.55
Including 44.65 45.20 0.55 6.20
and 46.55 47.05 0.50 6.30
and 47.55 48.10 0.55 2.39
60.60 61.20 0.60 2.68
SAM West TN-24-005 122.75 125.85 3.10 2.45
147.00 147.65 0.65 7.76
SAM West TN-24-006 125.38 130.22 4.84 3.70
Including 126.00 127.05 1.05 7.23
and 128.55 129.46 0.91 8.42
SAM West TN-24-007 115.45 117.25 1.80 2.48
SAM West TN-24-010 89.00 89.96 0.86 3.41
1) Weighted-average composites above 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) Significant Assay Results included in Table 2
5) Drill hole Information included in Table 3
San Antonio West target
The San Antonio West target covers the western extension of the historically mined San Antonio zone of
the True North Mine gold mineralized vein system. D rilling completed to date has confirmed the extension
of gold mineralization to over 260 m west of the San Ant onio zone and to depths of over 17 0 m. Six (6)
holes for a total of 921.00 m were drilled within this target, of which four inter sected significant gold
mineralization within shear veins hosted in the San Antonio mafic (“SAM”) gabbro unit, which hosts the
majority of the known gold mineralization within the True North Mine and historically produced 1,309,351
ounces Au at a grade of 9.33 g/t Au.
The mineralized intercepts are characterized by quartz-carbonate shear veins with sericite, chlorite, minor
tourmaline alteration and up to 2% pyrite disseminated and veinlets. They are interpreted to be the western
extension of the San Antonio zone vein system. Drill hole TN-24-005 intersected 3.10 m @ 2.45 g/t Au from
122.75 m downhole depth within strong silicified mafic and 0.65 m @ 7.76 g/t Au from 147.0 m downhole
depth in a shear vein with tourmaline and chlorite alteration and disseminated pyrite within the SAM unit.
Drill hole TN-24-006 intersected 4.84 m @ 3.70 g/t Au from 125.38 m downhole depth, including 1.05 m @
7.23 g/t Au from 126 m and 0.91 m @ 8.42 g/t Au from 128.55 m downhole within a quartz-carbonate shear
vein with 2% pyrite disseminated and in veinlets.
The potential exists to extend the mineralized zone to the east, approximately 150 m to the edge of the
SAM vein system and at depth following its known dip (50° to the NNE). The Company is planning a follow-
up drilling program to test the open extensions of mineralization.
Figure 3: Long Section (AA1) of San Antonio West Target with drill hole intercepts and San
Antonio Zone underground workings and mined area
Figure 4: Expanded Long Section (AA1) of San Antonio West Target with drill intercepts
Hinge East Target
The Hinge East target covers the gold mineralized vein extensions hosted within the Dacitic Lapilli Tuff unit
between the Hinge Zone and Cohiba Zone within the True North Project. Two (2) drill holes for 544.00 m
were completed. Drill hole TN -24-003 intersected a shallow wide quartz vein (42.60 m core length) with a
weighted average of 0.49 g/t Au. A higher -grade interval was defined within the vein system of 3.45 m at
2.85 g/t Au from 44.65 m down hole depth, including 0.55 m @ 6.20 g/t Au and 0.50 m @ 6.30 g/t Au. This
interval is characterized by quartz -carbonate shear vein with sericite and chlorite alter ation and 1%
disseminated pyrite. Drill hole TN -24-004, designed to undercut TN -24-003 by 50 m, intersected 17.00 m
of quartz vein containing 0.84 m @ 1.96 g/t Au. The mineralized zone is interpreted to be open along strike
to the west within favourable host rock and along a shear zone, in an area never explored, where further
drilling is currently being planned.
Cohiba East target
The Cohiba East target was interpreted as the eastern extension of the Cohiba Zone vein system hosted
within the Volcaniclastic “B” unit. Two (2) drill holes, totaling 757.00 m, were completed on this target,
intersecting quartz veining without significant gold mineralization.
San Antonio Southeast target
The San Antonio Southeast target is the southeastern extension of the known gold mineralization within
the San Antonio Zone vein system. It is located at the intersection of the highly mineralized SAM unit and
the interpreted L10 shear zone.
The drill program is ongoing on this target with the completion of twelve (12) holes for a total of 3,522 m,
ten (10) of the drill holes intercepted the interpreted shear zone with quartz-carbonate veining within the
SAM unit. Final assay results are pending for these holes.
Next Steps
The current planned drill program testing targets within the True North Gold Mine complex has been
successful in the definition of several new areas of gold mineralization, confirming the near surface
extensions of gold mineralization for the San Antonio West, Hinge East and San Antonio Southeast target
areas (assay results pending). Based on the results received to date and the new exploration targets that
have been developed, 1911 Gold will extend the current surface drill program. Work has commenced on
recommissioning the hoist on the A Shaft to provide access for underground drilling from the 16 level in the
True North underground mine. The review of potential regional targets within the greater Rice Lake
greenstone belt, including at Central Manitoba is also underway.
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
greater or equal to 5.00 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, depending on
the amount of sample material remaining available. 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 gold analyses for 5% of all submitted sample pulps conducted
at a third-party certified laboratory.
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.
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
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 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 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
to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the
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 dif fer 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
Table 2: True North; Significant Drill Hole Assays
Target
(Area)
Drill Hole
(Number)
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Cohiba East TN-24-001 No Significant Results (NSR)
TN-24-002 NSR
Hinge East TN-24-003 44.65 48.10 3.45 2.85
Including 44.65 47.05 2.40 3.55
Including 44.65 45.20 0.55 6.20
and 46.55 47.05 0.50 6.30
and 47.55 48.10 0.55 2.39
60.60 61.20 0.60 2.68
Hinge East TN-24-004 130.34 131.18 0.84 1.96
145.19 146.30 1.11 0.10
SAM West TN-24-005 122.75 125.85 3.10 2.45
147.00 147.65 0.65 7.76
SAM West TN-24-006 66.74 75.00 8.26 0.66
125.38 130.22 4.84 3.70
Including 126.00 127.05 1.05 7.23
and 128.55 129.46 0.91 8.42
SAM West TN-24-007 96.18 104.50 8.32 0.20
104.50 105.6 1.10 1.49
115.45 117.25 1.80 2.48
SAM West TN-24-008 91.70 92.80 1.10 1.22
SAM West TN-24-009 92.00 95.00 3.00 0.92
SAM West TN-24-010 86.64 89.96 3.32 1.77
Including 89.00 89.96 0.96 3.41
89.96 101.22 11.26 0.11