1911 Gold Intersects up to 14.97 g/t Gold over 2.70 m including 71.60 g/t Au over 0.50 m on SAM Southeast Zone at True North
1911 Gold Intersects up to 14.97 g/t Gold over 2.70 m including
71.60 g/t Au over 0.50 m on SAM Southeast Zone at True North
Vancouver, British Columbia, April 1, 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 1,672.0 metres (“m”) from the ongoing surface drill program at the recently discovered San Antonio
Southeast target at the True North Project . The True North project , including a permitted mill, camp, and
tailings facility, is centrally located on 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 recently discovered San Antonio Southeast (“SAM SE”) target
• Drilling is continuing on the SAM SE and SAM West targets as well as new, near-surface gold
targets identified by the 1911 Gold geology team within the True North mine footprint
San Antonio Southeast Target
• Drill results confirmed the southeastern extension of gold mineralization within the prolific
San Antonio mafic unit to depths of over 400 m and along strike for over 500 m, including:
- TN-25-034: Intersected 7.13 grams per tonne (g/t) Au over 2.10 m at a downhole depth of
99.00 m including 12.80 g/t Au over 1.00 m, 7.67 g/t Au over 1.00 m at a downhole depth of
139.70 m, and 14.97 g/t Au over 2.70 m at a downhole depth of 145.00 m including 71.60 g/t
Au over 0.50 m
- TN-25-033A: Intersected 7.71 g/t Au over 1.80 m at a downhole depth of 94.00 m, 7.05 g/t Au
over 3.10 m at a downhole depth of 102.00 m including 16.50 g/t Au over 1.20 m, and 5.34 g/t
Au over 6.00 m at a downhole depth of 121.50 m including 7.32 g/t Au over 1.20 m and 8.58
g/t Au over 1.10 m
- TN-25-027: Intersected 18.80 g/t Au over 0.70 m at a down-hole depth of 27.90 m extending
mineralization over a strike length of 50 m to the east of hole TN-24-023
- TN-25-019: Intersected 13.20 g/t Au over 0.50 m at a down-hole depth of 253.00 m, extending
mineralization over 125 m to the east of hole TN-24-011
- TN-25-027: Intersected 18.80 g/t Au over 0.70 m at a down-hole depth of 27.90 m, extending
mineralization over an additional strike length of 50 m from TN-24-023
- TN-25-028: Intersected 8.36 g/t Au over 0.80 m at a downhole depth of 48.80 m, a 50 m
down plunge extension of hole TN-24-027
- TN-25-030: Intersected 8.78 g/t Au over 0. 80 m at a downhole depth of 165.30 m, an 80 m
down plunge extension from hole TN-24-021
Shaun Heinrichs , CEO and President , stated, “ These latest results confirm the discovery of the SAM
Southeast target as a parallel ore shoot similar to the San Antonio Mine vein system with the potential to
have the same down -dip extension. These parallel systems are exactly what our geology team, under
Michele Della Libera’s leadership, are targeting – a repetition of mineralization, starting on surface and
extending to depth, as a result of multiple east-west shear veins intersecting with the favourable host rocks
identified at the True North project. The historical discovery of the Hinge, Cohiba, and 007 mines show the
potential for a number of additional stacked systems, with our current drill program designed to test a
number of new targets with similar significant potential.”
1911 Gold has now completed thirty-one (31) surface drill holes, for a total of 7,216.4 m. The current drill
program commenced in October 202 4 and remains ongoing with new targets being generated and drill
tested within prospective host rock , and structural setting s, including significant historical results. The
program is ongoing and planned to include up to 30,000 m of drilling by the end of 2025.
Figure 1: True North: Geology and Drill Hole Location Map
Figure 2: BB’ True North Cross Section* (Looking WNW)
*San Antonio Mine underground workings projected 350 m from the west
Figure 3: AA' Long Section of San Antonio Southeast and 710/711 Target (Looking North)
San Antonio Southeast target: Discussion of Results
Drilling completed to date has confirmed the extension s of gold mineralization within the SAM gabbro to
over 500 m southeast of the historically mined San Antonio zone, covering an area 400 m long and over
550 m to depth. Twenty-one (21) drill holes for a total of 4,894.40 m have been completed to date on the
SAM SE target area. Three drill holes were abandoned without reaching target depth due to ground
conditions.
The latest drill holes extended the footprint of mineralization another 200 m to the southeast. The drilling
completed to date on the SAM SE target confirmed the presence of a vein system parallel to the San
Antonio Mine ore body, which has the same geological, alteration and mineralization characteristic s. The
high-grade gold intercepts in the drill holes released are also enhancing our confidence to define higher
grade zones within the target area both along strike and down plunge. Further data interpretation will
support the planning refinement for the n ext phase of exploration drilling, which will be focused on deeper
drilling to properly define the potential extension of the zone. The mineralized intercepts are characterized
by quartz -carbonate shear veins and vein breccias with sericite, chlorite alter ation and up to 2% pyrite
disseminated and in veinlets developed in association with northeast and northwest trending sub -vertical
shear zones.
Table 1: Select Significant Drill Hole Assay Results
Target Area
(name)
Drill Hole
(number)
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
SAM Southeast TN-25-019 253.00 253.50 0.50 13.20
SAM Southeast TN-25-027 27.90 28.60 0.70 18.80
SAM Southeast TN-25-028 46.90 51.30 4.40 3.12
Including 46.90 49.60 2.70 4.20
and 48.80 49.60 0.80 8.36
SAM Southeast TN-25-030 154.30 155.30 1.00 3.53
162.40 166.10 3.70 3.27
Including 162.40 164.30 1.90 3.79
and 165.30 166.10 0.80 8.78
179.00 180.00 1.00 3.16
SAM Southeast TN-25-033A 94.00 95.80 1.80 7.71
102.00 105.10 3.10 7.05
Including 102.00 103.20 1.20 16.50
119.60 125.60 6.00 5.34
Including 121.50 122.70 1.20 7.32
and 123.70 124.80 1.10 8.58
SAM Southeast TN-25-034 99.00 101.10 2.10 7.13
Including 99.00 100.00 1.00 12.80
136.50 140.70 4.20 2.49
Including 139.70 140.50 1.00 7.67
145.00 147.70 2.70 14.97
Including 145.00 145.50 0.50 71.60
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
Figure 4: Expanded Long Section (AA') of San Antonio Southeast with drill intercepts
San Antonio Southeast Target
The San Antonio Southeast target is located approximately 350m southeast of the historically mined San
Antonio zone of the True North Gold Mine. The San Antonio Southeast target occurs within the gabbro of
the San Antonio mafic unit and the intersection with the L -10 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. The SAM SE target also hosts the 710-711 vein system at
depth, which contains a mineral resource of 198,000 oz Au @ 5.21 g/t Au indicated and 118,000 oz Au @
3.91 g/t Au ( see press release dated November 20, 2024, “1911 Gold Announces Mineral Resource
Estimate Update for the True North Gold Project”) located on the “26 Level” of the True North underground
mine at a depth approximately 1,000 m down -dip of the current drilling. The L -10 shear zone also hosts a
gold mineralized vein system within the parallel Shoreline Basalt unit containing 58,000 oz Au @ 4.99 g/t
Au indicated and 61,000 oz @ 3.96 g/t Au inferred resources (See Figure 2).
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, Hinge East and San Antonio Southeast target
areas, 1911 Gold is continuing to test new targets as well as expand the footprint of the newly discovered
zones. The program's ongoing success has expanded the current drill program to comprise over 30,000 m
of drilling. Two drill rigs have been operating on the property to test the open extensions at San Antonio
West and San Antonio Southeast as well as other new targets.
Table 3: True North; Drill Hole Details
Drill Hole
(Number)
`Target
(Name)
Northing*
(m)
Easting*
(m)
Elevation
(masl)
Azimuth
(°)
Inclination
(°)
Depth
(m)
TN-25-018 SAM-Southeast 5655444 312790 252 175 -45 269.0
TN-25-019 SAM-Southeast 5655444 312790 252 156 -45 323.0
TN-25-020 SAM Southeast 5655311 312609 251 156 -49 131.0
TN-25-027 SAM Southeast 5655325 312562 290 113 -53 128.0
TN-25-028 SAM Southeast 5655416 312542 258 164 -58 155.0
TN-25-030 SAM Southeast 5655470 312610 256 163 -47 230.0
TN-25-031 SAM Southeast 5655470 312610 256 155 -62 242.0
TN-25-033A SAM Southeast 5655466 312612 256 185 -45 194.0
*Coordinates are provided in UTM NAD83 Zone 15
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 2: True North; Significant Drill Hole Assays
Target Area
(name)
Drill Hole
(number)
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
SAM Southeast TN-25-019 253.00 253.50 0.50 13.20
SAM Southeast TN-25-020 60.10 60.80 0.70 2.37
SAM Southeast TN-25-027 27.90 28.60 0.70 18.80
SAM Southeast TN-25-028 46.90 51.30 4.40 3.12
Including 46.90 49.60 2.70 4.20
and 48.80 49.60 0.80 8.36
SAM Southeast TN-25-030 152.20 153.30 1.10 1.15
154.30 155.30 1.00 3.53
154.30 155.30 1.00 3.53
162.40 166.10 3.70 3.27
Including 162.40 164.30 1.90 3.79
and 165.30 166.10 0.80 8.78
179.00 180.00 1.00 3.16
SAM Southeast TN-25-031 138.80 141.50 2.70 1.11
182.20 183.20 1.00 1.03
SAM Southeast TN-25-033A 94.00 95.80 1.80 7.71
102.00 105.10 3.10 7.05
Including 102.00 103.20 1.20 16.50
107.00 108.50 1.50 1.81
111.50 113.00 1.50 0.93
117.50 119.00 1.50 0.80
119.60 125.60 6.00 5.34
Including 121.50 122.70 1.20 7.32
and 123.70 124.80 1.10 8.58
179.30 180.50 1.20 1.57
SAM Southeast TN-25-034 82.40 84.10 1.70 1.18
99.00 101.10 2.10 7.13
Including 99.00 100.00 1.00 12.80
101.90 102.40 0.50 1.83
105.00 105.70 0.70 1.58
132.20 133.60 1.40 2.25
136.50 142.30 5.80 2.20
Including 136.50 140.70 4.20 2.49
Including 139.70 140.70 1.00 7.67
145.00 147.70 2.70 14.97
Including 145.00 145.50 0.50 71.60
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. 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. 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 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 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 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, 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 action s, 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