1911 Gold Intersects Multiple Gold-bearing Structures in First-Pass Drilling at the Wallace Project, Rice Lake Property, Manitoba
1911 Gold Intersects Multiple Gold-bearing Structures in First-Pass
Drilling at the Wallace Project, Rice Lake Property, Manitoba
TORONTO, Ontario, July 19, 2022 – 1911 Gold Corporation ("1911 Gold" or the "Company") (TSX-
V: AUMB) (OTCQX: AUMBF) is pleased to report assay results from the Company’s maiden exploration
drilling program at the Wallace Project on the 100%-owned Rice Lake Property in southeast Manitoba.
Highlights:
• First pass drilling intersected several mineralized structures at Wallace, notably 2.9 g/t gold
over 4.3 meters (including 10.1 g/t gold over 1.0 metres) at the Crown-10 target and 1.8 g/t gold
over 2.1 meters (including 6.7 g/t gold over 0.6 meters, with visible gold) at the Hi-Grade target
• Nine drillholes, totalling 2,528 metres, tested five targets associated with high-grade gold
showings and gold anomalies in surficial sediments, including the previously reported 50.3 g/t
gold from a rock grab sample taken at the Crown-10 prospect
The Company’s first pass drilling program at Wallace (Figure 1) was designed to test high- grade quartz
veins within five different structures in the core of a regional scale fold, in rocks equivalent to the prolific
Balmer assemblage in the Red Lake camp in adjacent Ontario.
Figure 1: Location map of 2022 drillholes at Wallace (LiDAR base with UAV-MAG drape).
The exploration model at Wallace is based on the Red Lake gold deposit in Ontario, which is hosted by
age-equivalent rocks in a comparable geological and structural setting , located 100 kilometres east of the
Rice Lake Property. Encouraging gold values obtained from all but one of the 2022 drillholes are associated
with moderate to strong alteration (silica- biotite/sericite-pyrite) in well- developed shear structures cutting
strongly-deformed sedimentary rocks intruded by granodiorite, quartz -feldspar porphyry, gabbro, and
ultramafic or lamprophyric dikes.
2022 Exploration Drilling
The Crown-10 Target consists of a north-south shear structure up to 5 metres in width that is exposed for
approximately 200 metres along strike. The structure cuts gabbro and granodiorite, and is intruded by
ultramafic or lamprophyric dikes, indicating it is a deep-seated structure and a potentially significant fluid
conduit. Channel samples returned assays up 26.4 g/t gold over 0.6 metres and 5.2 g/t gold over 2.0 metres,
including 8.5 g/t gold over 1.2 metres. Three drillholes, totaling 861 metres and spaced roughly 60 metres
apart, tested the structure beneath surface gold showings to a vertical depth of approximately 150 metres.
The northern-most drillhole, CR-22-003, returned the most significant intercept: 2.9 g/t gold over 4.3 metres,
including 10.1 g/t gold over 1.0 metres.
The Hi-Grade Target is a poorly-exposed structure traced for over 600 metres along strike in widely-spaced
bedrock exposures that consistently returned gold values, including high-grade values up to 265.1 g/t gold
from grab samples of shear -hosted quartz veins, and channel sample assays up to 5.6 g/t gold over 1.9
metres, including 9.0 g/t gold over 1.1 metres . Samples of black spruce bark collected in ov erburden-
covered areas between gold showings yielded on-trend gold anomalies, suggesting continuity of the zone.
Two drillholes, totalling 562 meters, were completed to test the main surface showing and the unexposed
potential extension indicated by the black spruce bark gold anomaly in an adjacent overburden-covered
area, with the latter target yielding the most significant results . Drillhole HG-22-002 intersected two shear-
hosted quartz veins, from 156.4 to 159.2 metres and from 178.0 to 182.6 metres downhole, with the upper
vein returning 1.8 g/t gold over 2.1 metres, including 6.7 g/t gold over 0.6 metres from an interval containing
numerous specks of visible gold. The presence of stacked quartz veins with localized high- grade gold
indicates the significant exploration potential of this previously untested structure.
Table 1: Assay results from 2022 exploration drilling at the Wallace Project.
(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
Four drillholes, totalling 1,105 metres, tested an array of subparallel structures in the western portion of the
project area. Although poorly exposed, the structures contain localized high-grade gold and are intruded by
Target Hole ID(1) Easting Northing Length Azimuth Incl. From To Length(2) Grade(3)
(m) (m) (m ) (m) (g/t Au)
Crown-10 CR-22-001 331668 5657914 320 270 -55 269.20 269.75 0.55 0.79
272.55 273.05 0.50 0.53
CR-22-002 331655 5657979 314 268 -48 227.80 228.60 0.80 1.08
CR-22-003 331645 5658040 227 270 -62 209.18 213.50 4.32 2.85
Inc. 210.80 213.50 2.70 4.33
212.50 213.50 1.00 10.10
Hi-Gr ade HG-22-001 331841 5657245 263 230 -48 61.60 62.40 0.80 0.83
67.30 67.95 0.65 1.34
HG-22-002 331897 5657145 299 200 -60 156.35 158.45 2.10 1.78
Inc. 156.35 156.90 0.55 6.72
Willi WI-22-001 330137 5657456 200 186 -55 155.50 161.90 6.40 0.84
Inc. 155.50 156.10 0.60 1.60
157.00 157.90 0.90 1.08
160.20 161.90 1.70 1.72
Alec Al -22-001 330259 5657577 425 200 -58 30.00 31.00 1.00 1.75
307.70 308.20 0.50 0.58
Heli HE-22-001 330389 5658089 206 250 -60 NSV
HE-22-002 330458 5658093 274 230 -50 68.80 69.50 0.70 1.09
NAD83; UTM Z15N
ultramafic or lamprophyric dikes, indicating they are relatively deep- seated structures and thus potentially
significant fluid conduits. The Willi Target returned the most significant intercept, yielding 0.8 g/t gold over
6.4 metres, associated with laminated quartz veins and disseminated pyrite in strongly sheared
granodiorite, in the immediate hangingwall of a sheared interval containing several ultramafic dikes.
2022 Field Exploration Program
Field exploration is ongoing at Wallace to expand detailed mapping, further delineate the prospective
structures identified to date, and also evaluate the potential for parallel structures and sites of large-scale
dilation suitable to host significant vein systems. With the success in delineating gold-bearing structures
through overburden-covered areas at the Hi-Grade target, surficial geochemistry grids are being
expanded into similarly prospective ground.
The first-pass drilling in 2022 identified several targets that merit follow-up drilling, currently in planning for
Q3-Q4 2022, and the Company anticipates that ongoing field exploration will identify compelling new
targets in this highly prospective area.
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 Ancaster, 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
For further information, please contact:
Shaun Heinrichs
(604) 674-1293
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
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available at the time the statements were made. Actual results or events may differ from those predicted in
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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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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
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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