202631 releases
1911 Golds True North Resource Expansion Drilling Intersects Up To 7 55 Gt Au Over 5 00 M Including 32 90 Gt Au Over 0 50 M At The 710 711 Zone And Up To 21 20 Gt Au Over 0 60 M At The 007 Zone
Assay results from ten diamond drill holes totalling 4,562 m at the underground resource expansion program at the True North Gold Project, southeast Manitoba, included 7.55 g/t Au over 5.00 m, including 32.90 g/t Au over 0.50 m, at the 710-711 Zone, and 21.20 g/t Au over 0.60 m plus 7.65 g/t Au over 3.40 m at the 007 Zone. Mineralization was extended 60 m above the 710-711 resource limit and 120 m below the 007 Zone. An updated mineral resource estimate is scheduled for Q4/2026.
Drill results1911 Gold Publishes Inaugural 2025 Sustainability Report
An inaugural sustainability report for the year ended December 31, 2025 has been published, covering the 100%-owned True North Gold Project in Manitoba's Rice Lake District. Reported 2025 highlights include zero reportable environmental incidents and no regulatory fines or penalties, Tailings Management Facility water discharges meeting all regulatory requirements, 44% of the company's 34 year-end employees being local, and 70% of procurement spend going to local and Manitoba suppliers. The report is available on the company's website.
Corporate1911 Gold Provides Update on Key Operational Milestones at True North
Operational progress at the wholly-owned True North Gold Project on the Rice Lake property in southeast Manitoba includes completed A-Shaft and Level 26 dewatering, an operational Level 16-to-26 ore pass chute, commissioned primary ball mill, freshwater system and on-site assay laboratory, and poured concrete slabs for the new surface primary crusher building. SCR Mining & Tunnelling was awarded the underground development contract and has mobilized crews and equipment. Westpro crushing equipment delivery is on track for mid-November, with test mining planned this fall ahead of a 2027 production decision. Hinge ramp dewatering is expected to reach the main ramp bottom in January 2027.
Corporate1911 Gold Intersects Significant Grades at L10 Zone, Including 10.73 g/t Au over 8.90 m and 50.61 g/t Au over 1.60 m, and Confirms Link to Larger 710-711 Zone at True North
Eight diamond drill holes totalling 2,955 m from underground resource expansion drilling at the True North Gold Project in southeast Manitoba returned 10.73 g/t Au over 8.90 m (including 16.12 g/t Au over 5.40 m and 49.50 g/t Au over 0.80 m) in UG16-26-072 and 50.61 g/t Au over 1.60 m in UG16-26-076, confirming a link between the L10 and 710-711 zones outside the 2024 MRE. A global resource update including Ogama-Rockland is expected in Q4/2026. The Auramet loan agreement was amended effective September 4, 2026, extending the Tranche 2 availability period to December 4, 2026 and adding a fully funded cost-to-completion condition.
Drill results1911 Gold Reports High-Grade Intercepts from the SAM W Target at True North of 11.31 g/t Au over 1.70 m and 6.79 g/t Au over 2.40 m
Assay results from eight surface diamond drill holes totalling 2,980 m at the San Antonio West (SAM W) target on the wholly-owned True North Gold Project in southeast Manitoba included 11.31 g/t Au over 1.70 m (including 16.20 g/t Au over 0.80 m) in TN-26-073, 6.79 g/t Au over 2.40 m in TN-26-082, 5.72 g/t Au over 3.00 m in TN-26-089 and 11.80 g/t Au over 0.50 m in TN-26-097. Mineralization is confirmed over a 500 m strike length and to over 600 m down-plunge. An updated global resource estimate is expected in the fourth quarter of this year.
Drill results1911 Gold Reports Positive Metallurgical Results of 93.7% for True North and 96.3% for Ogama-Rockland
Metallurgical test work returned average total gold recoveries of 93.7% from a 130 kg True North sample grading 1.82 g/t Au (51.0% by gravity, 44.5% to flotation concentrate, 95.5% leach recovery from reground concentrate) and 96.3% from an Ogama-Rockland composite grading 4.65 g/t Au, both on the Rice Lake property in southeast Manitoba. A test run of the True North primary ball mill was completed August 10, 2026 after new liners, lifters and a gear lube system were installed. The Company also granted 125,000 deferred share units to four directors.
Study results1911 Gold Announces Mineral Resource Estimate Update for the Ogama-Rockland Gold Project
An updated underground mineral resource estimate for the Ogama-Rockland Gold Project in southeast Manitoba reports an Inferred Mineral Resource of 3,314,000 tonnes at 6.68 g/t gold containing 712,000 ounces, using a 2.50 g/t Au cut-off and Deswik MSO-designed stopes with an effective date of August 6, 2026. The estimate covers eight main and six subordinate veins traced over 1,500 m strike and drilled to over 600 m depth. Follow-up surface drilling is planned for Q4/2026, and the resource will be included in a global update expected in Q4/2026.
Resource update1911 Gold Reports High-Grade Intercepts from Near-Mine Targets at True North, Including the New Baker Target
Assay results from 30 drill holes totalling 8,656 metres at the True North Gold Project in southeast Manitoba returned 15.89 g/t Au over 2.70 m including 40.10 g/t over 1.00 m at SAM SE (TN-26-094), 5.99 g/t Au over 4.90 m including 24.90 g/t over 0.70 m at Shore (TN-26-088), and 36.44 g/t Au over 1.10 m including 73.70 g/t over 0.50 m at the newly defined Baker target (TN-26-076). Mineralization was confirmed to depths of 975 m over a 720 m strike length. Results from seven surface holes at San Antonio West are pending, and SAM W, SAM SE and Shore will be included in a global resource update expected in the fourth quarter.
Drill results1911 Gold Closes $35,650,000 Bought Deal Financing
A bought deal financing closed for gross proceeds of $35,650,000, including full exercise of the over-allotment option, comprising 7,812,501 units at $0.64, 27,307,337 CDE flow-through units at $0.793 and 11,961,810 CEE flow-through units at $0.752, each with one-half warrant exercisable at $1.00 until July 29, 2028. Haywood Securities led the syndicate and received a $2,139,000 cash commission, or 6.0% of gross proceeds, plus 2,824,898 compensation options. Proceeds will fund exploration, development and technical studies at the True North Gold Project in Manitoba, and working capital. Final TSXV acceptance is pending.
Financing1911 Gold Announces Filing of Final Short Form Prospectus in Connection With $31 Million Bought Deal Financing
A final short form prospectus dated July 23, 2026 has been filed with securities commissions in each Canadian province other than Québec for a bought deal public offering of 7,812,500 units at $0.64, 12,610,400 CDE flow-through units at $0.793, and a combination of CEE flow-through units priced at $0.864, $1.011 and $0.752, plus CDE units and units, for aggregate gross proceeds of $31,000,000. Haywood Securities is lead underwriter and sole bookrunner, with a 15% over-allotment option. Closing is expected on or about July 29, 2026, subject to TSXV approval.
Financing1911 Gold Issues Clarification of February 2026 PEA Disclosure
Following a British Columbia Securities Commission review, statements in the February 10, 2026 news release on the preliminary economic assessment for the True North Gold Project in southeastern Manitoba have been retracted as misleading and non-compliant with NI 43-101, having suggested greater certainty than a PEA allows and implied a production decision, which the Company confirms has not been made. The technical report filed on SEDAR+ does not comply with NI 43-101, and the PEA should not be relied on until an amended technical report is filed. The website, corporate presentation, social media and other investor relations materials are being amended.
Study results1911 Gold Announces Upsize of Previously Announced Bought Deal Financing to $31 Million
A previously announced bought deal financing has been upsized to $31,000,000 gross, with Haywood Securities as lead agent and sole bookrunner alongside BMO Capital Markets, Roth Canada and Velocity Trade Capital. The offering comprises 7,812,500 units at $0.64, 12,610,400 CDE flow-through units at $0.793, and a combination of CEE flow-through units priced at $0.864, $1.011 and $0.752, each unit including one-half warrant exercisable at $1.00 for 24 months, plus a 15% over-allotment option. Proceeds will fund exploration and development at the True North Gold Project in Manitoba, technical studies and working capital, with closing expected on or about July 14, 2026.
Financing1911 Gold Announces $20 Million Bought Deal Financing
A bought deal financing for aggregate gross proceeds of $20,000,000 has been agreed with Haywood Securities Inc. as lead agent and sole bookrunner, comprising 7,812,500 units at $0.64, 6,305,200 accelerated CDE flow-through units at $0.793, and any combination of CEE flow-through units priced at $0.864, $1.011 and $0.752, each with a half warrant exercisable at $1.00 for 24 months. Underwriters hold a 15% over-allotment option. Net proceeds will fund exploration and development at the True North Gold Project in Manitoba, technical studies and working capital, with closing expected on or about July 14, 2026.
Financing1911 Gold Announces Voluntary Withdrawal of Overnight Marketed Offering
The previously announced overnight marketed public offering, set out in a preliminary short form prospectus dated June 8, 2026 and filed in each Canadian province except Québec, has been withdrawn by 1911 Gold Corporation due to prevailing market conditions. The company is focused on its 100%-owned True North Gold Project in Manitoba's Rice Lake Greenstone Belt, a ~62,000-hectare land package, and is positioning to restart operations in 2027.
Financing1911 Gold Announces Overnight Marketed Offering
A preliminary short form prospectus has been filed in all Canadian provinces except Québec for an overnight marketed public offering of common shares plus three series of flow-through shares (CEE Series 1, CEE Series 2 and CDE), with pricing, share numbers and gross proceeds to be set in the context of the market. Roth Canada, Inc. is lead underwriter with BMO Capital Markets as joint bookrunner, and a 15% over-allotment option exercisable for 30 days after closing is intended. Closing is scheduled on or around June 30, 2026, with proceeds funding exploration and development at the True North Gold Project in Manitoba, technical studies and working capital.
Financing1911 Gold Engages DK Capital Partners for Investor Outreach Services
An agreement has been signed with 15605237 Canada Inc., doing business as DK Capital Partners and controlled by Daniel Kozel, to provide investor outreach services. 1911 Gold will pay $25,000 over a four-month engagement, comprising $17,500 on signing and $7,500 plus applicable taxes halfway through the program. Neither DK Capital Partners nor Kozel holds any direct or indirect interest in the Company or its securities, or any right or intent to acquire one.
Corporate1911 Gold Reports High-Grade Drill Results from Ogama-Rockland Intersecting 10.41 g/t Gold over 3.40 m, including 32.40 g/t Gold over 1.00 m
Drilling at the Ogama-Rockland gold deposit in southeast Manitoba, 45 km by road from the True North mine and mill complex, returned 10.41 g/t gold over 3.40 m, including 32.40 g/t over 1.00 m, in hole OR-25-001, and 46.10 g/t over 0.60 m in OR-26-004. The program comprised eight surface diamond holes totalling 2,410 m, plus 439 samples from 429 m of previously unsampled historical core, which returned 18.10 g/t over 0.70 m. An updated mineral resource estimate is expected towards the end of Q2-2026.
Drill results1911 Gold Advances True North Toward 2027 Production with Start of Underground Development and Test Mining Preparation
Underground drift development has begun on Level 16 of the True North Mine in Southeastern Manitoba, with the first round blasted at the end of April in the L10 Zone, ahead of test mining in 2026 and planned production in 2027. The preliminary mine plan calls for 3,551 m of new development, 2,056 m at Hinge and 1,495 m at L10, including 2,160 m of ramp and 1,391 m of sill drives. An underground development contract has been awarded with mobilization expected in June 2026, and three 2-yard scoops and a single-boom jumbo arrive in June and July.
Corporate1911 Gold Confirms Extensions of the L10 Zone at True North Intersecting 11.54 g/t Gold over 3.70 m
Assay results from 12 holes totalling 3,608 m of underground resource expansion drilling on the L10 Zone at the wholly-owned True North Gold Project in southeast Manitoba included 11.54 g/t gold over 3.70 m and 5.48 g/t over 9.20 m in hole UG16-26-055, 3.00 g/t over 7.20 m in UG16-25-002, and 8.10 g/t over 1.40 m in UG16-26-050. Drilling extended mineralization up to 160 m down-plunge and 80 m along strike of the 2024 resource. A global resource update is planned for later this year.
Drill results1911 Gold Announces Grant of Deferred Share Units
125,000 deferred share units have been granted to four directors of 1911 Gold Corporation under the Company's Long-Term Incentive Plan, in respect of director fees incurred in the first quarter of 2026. Each DSU entitles the holder to one share, or in certain circumstances a cash payment equal to the value of one share, when the holder ceases to be a director. The Company's 100%-owned True North Gold Project is in Manitoba, Canada.
Corporate1911 Gold Strengthens Management Team with Appointment of Max Satel as Chief Financial Officer
Max Satel has been appointed Chief Financial Officer of 1911 Gold Corporation, taking over Accounting, Financial Planning & Analysis, Tax, Treasury and Strategic Finance; Carmen Amezquita steps down as CFO and remains during the transition. Satel was previously CFO of Battery Mineral Resources Corp. and held roles at Arrow Exploration Corp., Research Capital Corp. and Bordeaux Capital Inc. He received 750,000 options at $0.96 expiring April 21, 2031, vesting in thirds, plus 150,000 RSUs vesting over three years.
Management1911 Gold Re-establishes Access to Level 26 at the True North Mine
Dewatering at the True North mine in Manitoba has reached approximately 4 metres below Level 26, allowing 1911 Gold to begin rehabilitation of the level, with dewatering to the shaft bottom and loading pocket expected to be complete before the end of May. Level 26 access supports planned test mining on Level 16 later this year and drilling in the high-grade 710-711 zone. The mill is scheduled to be operational in mid-2026, excluding the new crushing circuit, with a restart targeted for 2027.
Corporate1911 Gold Reports Additional Results from Underground Delineation Drilling at True North
Ten drill holes totalling 1,464 m from underground delineation drilling on the Hinge Zone V-810 vein at the True North Gold Project in southeast Manitoba returned 9.51 g/t Au over 3.50 m (including 30.70 g/t Au over 0.60 m) in UG16-26-038, 12.00 g/t Au over 1.00 m in UG16-26-046, and 6.71 g/t Au over 2.00 m in UG16-26-041. The holes complete the Hinge V-810 delineation program, now 31 holes for 4,608 m. Two surface rigs are drilling and a third underground rig is planned within a month, with restart targeted for 2027.
Drill results1911 Gold Files NI 43-101 PEA Technical Report for the True North Gold Project
An NI 43-101 Preliminary Economic Assessment technical report for the 100%-owned True North Gold Project in southeastern Manitoba has been filed on SEDAR+, prepared by AMC Mining Consultants (Canada) Ltd., dated March 27, 2026 with an effective date of February 10, 2026. The PEA base case, at a gold price of US$3,000 per ounce, outlines initial steady-state production of 58,114 ounces per annum over an 11-year mine life, with a profitability index of 6.6. Infrastructure replacement value is estimated at over $400 million.
Study results1911 Gold Confirms Resource Continuity in Underground Infill and Delineation Drilling at True North
Assay results from 25 underground drill holes totalling 3,894 m at the wholly-owned True North Gold Project in southeast Manitoba confirmed continuity of gold mineralization in the V-810 vein at the Hinge Zone and the V-1030/V-1040 vein at L10, both adjacent to Level 16 (695 m below surface). Highlights include 10.79 g/t Au over 2.20 m, 6.62 g/t Au over 3.40 m including 23.60 g/t over 0.70 m, and 5.02 g/t Au over 6.00 m. The program supports bulk sampling and test mining later this year, ahead of a targeted 2027 restart.
Drill results1911 Gold Announces Closing of US$15 Million Drawdown Under Credit Facility with Auramet International
An initial US$15 million drawdown has closed under a US$30 million secured credit facility with Auramet International, with proceeds directed to mining equipment, underground development at the True North mine in Manitoba and a new crushing circuit at the mill. Interest accrues at 12% per annum, with no interest on the tranche for six months, and repayment in 12 monthly instalments of US$1.25 million starting 13 months after closing. Fees of US$1,050,000 and US$375,000 were paid in shares at C$1.05, plus 4,500,000 warrants at C$1.07.
Financing1911 Gold Announces Option Grant
500,000 stock options have been granted to Suzette Ramcharan, an employee providing investor relations services, under 1911 Gold's long-term incentive plan, exercisable at $1.15 per share until February 25, 2031. The options vest in four equal quarterly instalments at three, six, nine and twelve months after the grant date, and are subject to TSX Venture Exchange acceptance.
Corporate1911 Gold Announces US$30 Million Credit Facility with Auramet International
A US$30 million secured credit facility has been arranged with Auramet International to fund mining equipment purchases, underground development and a new crushing circuit at the True North Gold Project in Manitoba, ahead of a targeted 2027 restart. US$15 million is available on closing, expected before the end of February, with a second US$15 million tranche available 90 to 180 days later; interest is 12% per annum, with a 24-month maturity. Fees include a US$1,050,000 arrangement fee and a US$375,000 drawdown fee per tranche, payable in cash or shares at C$1.05, plus 4,500,000 warrants per tranche. A related offtake agreement commits 100% of gold produced to Auramet.
Financing1911 Gold Ranks 4th on the 2026 TSX Venture 50TM List of Top Performing Companies
1911 Gold placed fourth overall on the 2026 TSX Venture 50 list, after recording share price appreciation of 468% and market cap growth of 1,026% in 2025. Rankings cover the top 50 of over 1,600 TSXV issuers, based on equally weighted one-year share price appreciation, market capitalization increase and Canadian consolidated trading value as of December 31, 2025. The company targets a restart of gold production at its True North Mine in Manitoba in 2027.
Corporate1911 Gold Delivers Positive PEA for True North Highlighting Robust Economics with Low Capital Intensity and High Returns
A preliminary economic assessment for the True North Gold Project in southeastern Manitoba, prepared by AMC Mining Consultants, outlines an after-tax NPV(5%) of $391 million, a 105% IRR and 2.2-year payback at US$3,000/oz gold, rising to a $998 million NPV at US$4,800/oz. The 11-year underground plan processes 4,066,000 tonnes at a diluted 4.32 g/t Au with 93.5% recovery for 527,400 oz, averaging 58,114 oz/year in years 3-8. Initial capital is $59.2 million, with cash costs of US$1,390/oz and AISC of US$1,897/oz; production is targeted for H1 2027.
Study results1911 Gold Positions Itself as an Emerging Gold Producer with Long-Term Growth Opportunities
A summary of 2025 milestones and 2026 plans for the 100%-owned True North Gold Project in southeastern Manitoba was provided, with a mine restart targeted for 2027. During 2025 the Company raised C$36.2M across two financings, received two Manitoba Mineral Development Fund grants of C$286,000 and $300,000, completed 20,342 m of surface drilling in 71 holes, re-commissioned the A Shaft hoist to Level 16, and began its first underground drill program; a PEA by AMC Consultants is due in the coming weeks. 125,000 deferred share units were issued to four directors for Q4 2025 fees.
Corporate
202529 releases
1911 Gold Commences Drill Program at the Ogama-Rockland Gold Deposit
A 2,200-metre, eight-hole diamond drill program began on December 12, 2025 at the Ogama-Rockland gold deposit, 27 km southeast of the True North Gold Project in Manitoba, targeting down-dip and along-strike extensions of the main vein system and new parallel structures. The deposit hosts an inferred resource of 1.28 million tonnes at 8.17 g/t Au for 337,000 oz. Metallurgical test work on core will assess processing at True North, with an updated resource estimate expected in H1-2026.
Drill results1911 Gold Graduates to Trading on the OTCQX Best Market in the United States
Effective December 16, 2025, 1911 Gold Corporation's common shares began trading on the OTCQX Best Market in the United States under the ticker AUMBF. The shares will continue to trade on the TSX Venture Exchange (AUMB) and the Frankfurt Exchange (2KY). The company is advancing its 100%-owned True North Gold Project in Manitoba, Canada, toward a mine restart in 2027.
Corporate1911 Gold Closes C$23 Million “Best Efforts” Life Offering & Private Placement and Provides Corporate Updates
A "best efforts" LIFE offering and concurrent private placement closed for gross proceeds of C$23,001,103, including full exercise of the Agents' Option, led by Haywood Securities with Velocity Trade Capital. The financing comprised 8,065,000 CDE flow-through units at C$0.992, 3,418,500 and 2,469,399 CEE units at C$1.104, 3,472,518 Manitoba CEE units at C$1.296, and 5,000,000 non-flow-through units at C$0.80, each with a half warrant exercisable at C$1.20 for 24 months. 1911 Gold also received conditional TSXV approval to issue 1,500,000 shares at C$0.20 settling C$300,000 in advisory fees.
Financing1911 Gold Announces C$20 Million “Best Efforts” Life Offering and Private Placement
A best-efforts financing for aggregate gross proceeds of up to C$20,000,960 has been launched, with Haywood Securities Inc. as lead agent and sole bookrunner. It comprises a LIFE offering of 8,065,000 CDE flow-through units at C$0.992 and 3,418,500 CEE flow-through units at C$1.104 for up to C$11,774,504, plus a private placement of 3,750,000 units at C$0.80, 2,016,500 CEE units at C$1.104 and 2,315,000 Manitoba CEE units at C$1.296 for up to C$8,226,456. Each unit includes a half warrant exercisable at $1.20 for 24 months; agents hold a 15% option. Closing is expected on or about December 4, 2025.
Financing1911 Gold Intersects up to 24.83 g/t Gold over 2.60 m on San Antonio West at the True North Gold Project
Assay results from five drill holes totalling 1,867 m on the San Antonio West target at the True North Gold Project in southeast Manitoba included 24.83 g/t gold over 2.60 m in TN-25-064 (including 46.00 g/t over 1.00 m), 4.04 g/t over 5.80 m in TN-25-067 and 12.80 g/t over 0.80 m in TN-25-071, plus Annex target intercepts of 8.75 g/t over 2.60 m and 5.23 g/t over 2.50 m. The 2025 surface program ended September 20, 2025 after 75 holes and 20,398 m; underground drilling began October 1, 2025 on Level 16, with a second rig added November 6, 2025.
Drill results1911 Gold Announces Manitoba Mineral Development Fund Grant to Support Underground Drilling at True North
The Manitoba Mineral Development Fund has approved a $300,000 grant supporting the ongoing underground drill program at the True North Gold Project, part of 1911 Gold's 100%-owned Rice Lake Gold property in southeast Manitoba. Proceeds will fund an underground delineation program of approximately 9,000 metres in 80 drill holes, aimed at upgrading resources in two target areas scheduled for test mining in 2026 ahead of a planned restart of operations in early 2027.
Corporate1911 Gold Announces Outcome of TSX Venture Exchange Appeal
The TSX Venture Exchange has upheld its original decision to deny approval of the best efforts LIFE offering and private placement announced on September 19, 2025, following an appeal disclosed on October 20, 2025, so the offering will not close. The company said it remains funded for current exploration and development plans, including advancement to a bulk sample in 2026, supported by a $13.2 million financing completed in July and warrant exercises. A second drill rig has been mobilized underground to Level 16 at the True North mine in Manitoba, with a third expected before year-end.
Corporate1911 Gold Strengthens Operations Leadership with Appointment of Éric Vinet as COO and Additional Senior Site Personnel
Éric Vinet has been appointed Chief Operating Officer of 1911 Gold effective December 1, 2025, and has been granted 800,000 options exercisable at $0.93 per share expiring October 28, 2030, plus 300,000 restricted share units. Site-level appointments include Sam Bates as Mine Superintendent, David Towle as Mill Manager and Dan Barrie as Director, Special Projects. The hires support the fully permitted, 100%-owned True North Gold Project in Manitoba, where a restart of operations is planned for 2027.
Management1911 Gold Provides Update on "Best Efforts" LIFE Offering and Private Placement
The TSX Venture Exchange has denied regulatory approval for 1911 Gold's C$17.0 million best efforts LIFE offering and private placement announced on September 19, 2025, meaning the financing did not close on or about October 15, 2025 and may not close at all. The TSXV applied the material information exception to market price pricing following the company's October 7, 2025 assay results release; 1911 Gold disputes this and is pursuing a formal appeal. Proceeds were intended for underground exploration and development at the True North project in Manitoba, and the company says it remains well-capitalized following its $13.2 million July bought deal.
Financing1911 Gold Intersects 12.69 g/t Au over 2.40 m on SAM Southeast and Discovers New Zone at True North Gold Project
Assay results from eight surface drill holes totalling 3,557 m at the True North Gold Project in southeast Manitoba included 12.69 g/t Au over 2.40 m and 28.60 g/t Au over 0.50 m in TN-25-065, 7.03 g/t Au over 3.20 m in TN-25-062, 19.40 g/t Au over 1.40 m in TN-25-063, and 33.80 g/t Au over 0.80 m at the newly identified Shore target (TN-25-070). Surface drilling finished September 20, 2025; underground drilling began October 1, 2025 on Level 16. Results for five holes at SAM West are pending. The Company also issued 125,000 deferred share units to four directors.
Drill results1911 Gold Commences Underground Drill Program at True North Gold Project
The first underground drill program has begun at the wholly-owned True North Gold Project in Manitoba, with a rig mobilized to Level 16, approximately 695 m below surface, to test the SAM SE, SAM W and new Shore targets. The plan covers roughly 25,000 m in 122 holes over nine months, including 10,000 m exploration, 6,000 m resource expansion and 9,000 m delineation drilling ahead of test mining in mid-2026. Surface drilling totals 20,342 m in 71 holes, with assays from 11 holes (5,368 m) pending.
Drill results1911 Gold Announces C$13 Million “Best Efforts” LIFE Offering and Private Placement
A best efforts private placement for aggregate gross proceeds of up to C$12,969,635 has been agreed with Haywood Securities as lead agent and sole bookrunner, combining a LIFE offering of up to C$10,238,000 and a C$2,731,635 private placement. Shares are priced at C$0.45 per non-flow-through share, C$0.64 per CEE flow-through share and C$0.554 per CDE flow-through share, with an agents' option for an additional 15%. Closing is expected on or about October 15, 2025, subject to TSXV acceptance.
Financing1911 Gold Announces Upsize of Previously Announced “Best Efforts” LIFE Offering and Private Placement to C$17 Million
A previously announced best efforts private placement and LIFE offering has been upsized to C$17 million under an amended agreement with lead agent Haywood Securities and Velocity Capital Partners. The marketed offering comprises 3,184,000 CEE flow-through shares at C$0.64, 14,802,000 CDE flow-through shares at C$0.554 and 6,889,000 non-flow-through shares at C$0.45, plus 5,655,000 CEE shares at C$0.64, for gross proceeds of up to C$16,957,318, with a 15% agents' option. Closing is expected on or about October 15, 2025.
Financing1911 Gold Corporation Announces Option Grant
Stock options to purchase an aggregate of 700,000 common shares were granted to certain employees and a consultant under 1911 Gold's long-term incentive plan, exercisable at $0.345 per share until September 8, 2030. Of these, 350,000 options went to Suzette Ramcharan, operator of investor relations consultant WIN Expertise Inc., vesting in four equal quarterly instalments over twelve months from the grant date. The grant is subject to TSX Venture Exchange acceptance.
Corporate1911 Gold Commences PEA on True North Project and Provides Update on Underground Progress
AMC Consultants of Toronto has been engaged to complete a Preliminary Economic Assessment on the wholly-owned True North Gold Project in Manitoba, evaluating a restart of underground mining using the existing permitted 1,300 tonne-per-day processing facility at Bissett, with delivery anticipated by the first quarter of 2026. Underground rehabilitation on Level 16 and supporting levels is nearing completion, with drill rigs scheduled to arrive in late September and 30,000 metres planned over the next several quarters. A trial mining campaign of 3-5 months is planned for mid-2026.
Study results1911 Gold Corporation Engages Suzette Ramcharan for Investor Relations Services
WIN Expertise Inc., operated by Suzette Ramcharan, has been engaged to provide investor relations and corporate communications services, subject to TSX Venture Exchange acceptance. The initial six-month term carries an aggregate fee of $48,000, paid as $6,000 monthly for the first three months and $10,000 monthly thereafter, plus expenses and $3,000 per in-person industry event attended. Ramcharan will devote about 20 hours per week initially and about 40 hours per week afterward; WIN is arm's-length to the Company.
Corporate1911 Gold Intersects 5.52 g/t Au over 6.50 m and 54.00 g/t Au over 0.50 m on SAM Southeast Zone at True North
Assay results from ten drill holes totalling 3,079.0 m at the True North project on the Rice Lake Gold property in southeast Manitoba included TN-25-033 with 5.52 g/t Au over 6.50 m from 111.10 m, plus 54.00 g/t Au over 0.50 m from 120.50 m; TN-25-038 returned 5.15 g/t Au over 3.50 m, including 16.80 g/t Au over 0.90 m; and TN-25-054 returned 13.90 g/t Au over 0.50 m. Sixty-two surface holes for 14,974.40 m are now complete, with underground drilling planned for early September. The Company also issued 125,000 deferred share units to four directors for Q2-2025 fees.
Drill results1911 Gold Closes C$13.2 Million “Bought Deal” Life Offering Including Increased Investment by Eric Sprott
A "bought deal" LIFE offering closed for gross proceeds of C$13,225,232.30, including full exercise of the Underwriters' Option, comprising 3,750,000 common shares at C$0.20, 2,924,000 flow-through shares at C$0.342, 31,163,633 at C$0.288 and 10,163,000 CDE shares at C$0.246. Eric Sprott, through 2176423 Ontario Ltd., bought 9,288,734 shares for C$1,857,746.80, raising his holding to 42,622,068 shares, about 17.2% non-diluted. Proceeds are directed to Canadian exploration and development expenditures, with non-flow-through proceeds for general corporate and working capital purposes.
Financing1911 Gold Announces C$11.5 Million “Bought Deal” Life Offering and Private Placement
A bought deal financing for aggregate gross proceeds of C$11,500,202 has been agreed with underwriters led by Haywood Securities Inc., comprising 2,500,000 common shares at C$0.20, 2,924,000 flow-through shares at C$0.342, 26,042,000 flow-through shares at C$0.288 and 10,163,000 accelerated Canadian development expense shares at C$0.246. Underwriters hold an option for up to an additional 15%, and receive a 6.0% cash commission plus compensation options exercisable at C$0.22. Closing is expected on or about July 17, 2025, subject to TSXV approval.
Financing1911 Gold Intersects up to 58.66 g/t Gold over 1.40 m on San Antonio West Zone at True North
Assay results from twelve drill holes totalling 3,208.0 m at the True North Gold Project in southeast Manitoba included TN-25-057 with 58.66 g/t gold over 1.40 m from 145.00 m (including 63.20 g/t over 0.90 m), TN-25-056 with 9.59 g/t over 2.30 m, and TN-25-058 with 10.40 g/t over 0.50 m on the San Antonio West target. Five holes for 1,280.00 m at the Gate target returned 1.30 g/t over 0.90 m. Fifty-one surface holes for 11,695.4 m are complete, with nine results pending and up to 30,000 m planned by end-2025. The True North site remains under evacuation due to wildfire.
Drill results1911 Gold Temporarily Suspends Operations at True North Complex due to Bissett Evacuation Order
Operations at the True North complex in Bissett, Manitoba have been temporarily suspended after the Province of Manitoba issued an evacuation order due to escalating wildfire activity. All personnel have been safely evacuated, precautionary measures have been taken to safeguard certain site infrastructure, and the True North camp facilities are being used to host frontline wildfire personnel. Operations will resume when it is safe to do so.
Corporate1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West Zone at True North
Assay results from eight drill holes totalling 1,371.0 m at the San Antonio West target, True North project, Manitoba, include TN-25-037 with 62.40 g/t Au over 1.00 m and 4.17 g/t Au over 4.50 m, TN-25-035 with 8.81 g/t Au over 2.10 m, TN-25-045 with 6.84 g/t Au over 3.70 m and TN-25-043 with 12.50 g/t Au over 1.00 m. Mineralization is traced over 500 m strike and 260 m down dip. Thirty-nine surface holes for 8,487.4 m are complete, with up to 30,000 m planned by end-2025 and assays for seven holes pending.
Drill results1911 Gold Successfully Re-Enters the True North Mine and Receives Manitoba Mineral Development Fund Grant
Re-commissioning of the True North mine hoist system in the A Shaft has been completed at the True North project in Manitoba, with several levels now accessible including Level 16 at 695 m depth, which will host the next phase of underground diamond drilling. An unmanned cage reached Level 26 (1,145 m), found dry with no water. A $285,636 Manitoba Mineral Development Fund grant was approved to support the 2025 drill program of 30,000 metres. The Company will issue 125,000 deferred share units to four directors.
Corporate1911 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
Assay results from eight drill holes totalling 1,672.0 m at the San Antonio Southeast target on the True North Project in southeast Manitoba included 14.97 g/t Au over 2.70 m, including 71.60 g/t Au over 0.50 m, in TN-25-034, and 7.05 g/t Au over 3.10 m and 5.34 g/t Au over 6.00 m in TN-25-033A. Drilling confirmed gold mineralization over 500 m along strike and to depths over 400 m. Thirty-one surface holes totalling 7,216.4 m have been completed since October 2024, with up to 30,000 m planned by the end of 2025.
Drill results1911 Gold Intersects up to 21.80 g/t Gold over 0.50 m within 6.46 g/t Au over 2.20 m in Drilling at True North
Assay results from 13 drill holes totalling 3,222.40 m at the True North Project on the Rice Lake Gold property in southeast Manitoba included 6.46 g/t Au over 2.20 m, with 21.80 g/t Au over 0.50 m, and 14.00 g/t Au over 0.50 m in hole TN-25-021, plus 13.40 g/t Au over 0.69 m in TN-24-014. Drilling confirmed gold mineralization southeast of the San Antonio zone over 300 m of strike and more than 400 m depth. A second rig has been mobilized and over 25,000 m of drilling is planned for 2025.
Drill results1911 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
Assay results from ten drill holes totalling 2,222.00 m at the True North Project on the Rice Lake Gold property in Manitoba included 4.84 m at 3.70 g/t gold from 125.38 m in TN-24-006, with 1.05 m at 7.23 g/t and 0.91 m at 8.42 g/t, and 3.10 m at 2.45 g/t plus 0.65 m at 7.76 g/t in TN-24-005 at San Antonio West. Hinge East hole TN-24-003 returned 3.45 m at 2.85 g/t from 44.65 m; Cohiba East holes returned no significant mineralization. Twelve holes for 3,522 m at San Antonio Southeast await assays, the surface program will be extended with a second rig, and recommissioning of the A Shaft hoist has begun.
Drill results1911 Gold Delivers on 2024 Objectives and Outlines 2025 Growth Strategy for True North
A 2025 exploration program of over 25,000 m is planned at the 100%-owned True North gold project and Rice Lake property in southeastern Manitoba, funded by an oversubscribed $7.8 million financing closed in December 2024. The 2024 resource update outlined underground indicated resources of 3.5 Mt at 4.41 g/t Au (499,000 oz) and inferred resources of 5.5 Mt at 3.65 g/t Au (644,000 oz). The company also granted 5,700,000 options at $0.155, 325,000 RSUs and 500,000 DSUs.
Corporate1911 Gold Announces Grant of Deferred Share Units
A total of 166,665 deferred share units have been granted to four directors of 1911 Gold Corporation under the LTIP in respect of H2-2024 director fees. Each DSU entitles the holder to one share of the Company, or in certain circumstances a cash payment equal to the value of one share, when the holder ceases to be a director.
Corporate1911 Gold Files NI 43-101 Technical Report for the Updated Mineral Resource Estimate for the True North Gold Project
An NI 43-101 technical report dated December 23, 2024, with an effective date of August 29, 2024, has been filed for the updated underground mineral resource estimate at the 100%-owned True North Gold Project in southeastern Manitoba. Using a 2.25 g/t Au threshold, the estimate totals 3,516,000 t at 4.41 g/t Au for 499,000 oz indicated and 5,490,000 t at 3.65 g/t Au for 644,000 oz inferred. A 6,000 m surface drill program is underway, with over 25,000 m planned for 2025.
Resource update
202412 releases
1911 Gold Announces Closing of Non-Brokered Private Placement With Corporate Lead Investment
A non-brokered private placement closed for gross proceeds of $7,776,290, with a lead investment from a corporate investor. The offering comprised 20,032,760 Manitoba flow-through shares at $0.239, 10,645,540 national flow-through shares at $0.185 and 7,027,828 common shares at $0.145, an average of $0.206 per share, a 27.4% premium to the 10-day VWAP as of December 6, 2024. Flow-through proceeds will fund Manitoba exploration expenditures by December 31, 2025, with common share proceeds directed to underground mining optimization and general corporate purposes.
Financing1911 Gold Provides Exploration Update and Announces $5 Million Non-Brokered Private Placement With Corporate Lead Investment
A non-brokered private placement of flow-through shares for proceeds of up to $5,000,000 is planned, priced at $0.239 per Manitoba flow-through share and $0.185 per flow-through share, with a lead investment from a gold producer and closing expected on or about December 23, 2024. Proceeds will fund Canadian Exploration Expenses at the Rice Lake property in Manitoba, focusing on near-mine targets. Approximately 2,550 metres in 10 holes have been drilled on new near-surface targets at True North, with drilling now underway at the San Antonio Southeast Target.
Drill results1911 Gold Announces Mineral Resource Estimate Update for the True North Gold Project
An updated underground mineral resource estimate for the True North Gold Project on the Rice Lake property in southeastern Manitoba reports Indicated resources of 3,516,000 t at 4.41 g/t Au containing 499,000 oz, and Inferred resources of 5,490,000 t at 3.65 g/t Au containing 644,000 oz, reported within constraining envelopes using a 2.25 g/t Au threshold, with an effective date of August 29, 2024. A surface drill program has started on three prioritized targets, and a NI 43-101 technical report will follow within 45 days.
Resource update1911 Gold Initiates Surface Drill Program on New Exploration Targets at the True North Gold Mine
An initial 6,000 metre surface diamond drill program is set to begin in mid-October 2024 at the 100%-owned Rice Lake Gold property in Manitoba, targeting near-surface areas within the True North Gold Mine footprint. Three priority targets will be tested: San Antonio West (3 holes, 1,200m), San Antonio Southeast (4 holes, 2,500m) and Cohiba East (3 holes, 1,300m), with a further 1,000m allocated for follow-up. Additional targets are expected after a mineral resource update due in October 2024.
Drill results1911 Gold Announces Early Exercise of Warrants by Eric Sprott
Proceeds of $1,666,667 were received from the early exercise of 16,666,667 warrants by 2176423 Ontario Ltd, beneficially owned by Eric Sprott, issued under the $3,900,000 non-brokered private placement closed in December 2023. Sprott's holding rises from 16,666,667 shares (12.4% of 134,753,207 shares outstanding) to 33,333,334 shares, or 22.0% of 151,419,874 shares outstanding. The funds will finalize plans and mobilize contractors for a drill program at the 100%-owned Rice Lake Gold property in Manitoba, commencing mid-October, with all targets inside the existing mine footprint.
Financing1911 Gold Strengthens Board and Technical Team
Anna Ladd-Kruger has been appointed to the board of 1911 Gold Corporation as an independent director, and Éric Vinet has been engaged as a key technical advisor on re-development plans and strategies for the Company's resources and infrastructure. Ladd-Kruger received incentive stock options to purchase up to 200,000 common shares at $0.14 per share, vesting one-third immediately and one-third on each of the first and second anniversaries, expiring August 27, 2029. An updated mineral resource estimate at True North, Manitoba is expected soon.
Management1911 Gold Announces Grant of Options and Deferred Share Units
A total of 200,000 options were granted to newly appointed director Blair Schultz under 1911 Gold's Long-Term Incentive Plan, at an exercise price of $0.11 per common share, expiring July 8, 2029, vesting one-third immediately and one-third on each of the first and second anniversaries of grant. The Company will also issue 8,902 deferred share units to three directors under the plan for Q2-2024 director fees.
Corporate1911 Gold Announces Results Of 2024 Annual General and Special Meeting
Shareholders holding 58,765,642 common shares, or 43.7% of outstanding shares, voted in favour of all matters at 1911 Gold's Annual General and Special Meeting held June 26, 2024 in Vancouver, including electing all management-nominated directors, appointing Baker Tilly WM LLP as auditor, approving a new long-term incentive plan, and approving the creation of a new Control Person. Blair Schultz joins the Board; James Haggarty and Shastri Ramnath did not stand for re-election.
Corporate1911 Gold Provides Update on Strategic Plans for True North Mine
An updated NI 43-101 mineral resource estimate for the True North Mine on the Rice Lake property in southeastern Manitoba is planned for completion by early August 2024, with Lions Gate Geological Consulting engaged and a validated database of 7,960 drill holes totalling 1,529,232 m plus 30,217 underground channel samples. The existing 2018 estimate holds 2.01 Mt at 7.41 g/t Au (433,000 oz) measured and indicated and 3.59 Mt at 5.79 g/t Au (605,000 oz) inferred. The Company also received $180,986 from the Manitoba Mineral Development Fund and targets a mine restart in late 2026.
Corporate1911 Gold Appoints Gary O'Connor As Executive Chair
Gary O'Connor has been appointed to the Board of 1911 Gold Corporation as Executive Chair, effective immediately, with outgoing Independent Chair Mike Hoffman remaining a Director and standing for re-election at the upcoming annual general meeting. O'Connor received 350,000 stock options, with 200,000 granted to VP Exploration Michele Della Libera and 325,000 to employees and consultants, exercisable at $0.11 per share and expiring April 15, 2029. The Company will also issue 79,545 deferred share units to three independent directors.
Management1911 Gold Welcomes New VP Exploration
Michele Della Libera has been appointed Vice President Exploration of 1911 Gold Corporation. He will work on updating the current National Instrument 43-101 resource for the True North underground mine in Manitoba and identifying resource growth opportunities within the existing infrastructure footprint and the surrounding 63,000-hectare Rice Lake greenstone belt. Della Libera has over 30 years of experience as an economic geologist and most recently served as Director of Exploration for New Gold Inc.
Management1911 Gold Drilling Confirms Extensions of Gold Zones at Historical Central Manitoba Gold Mine
Assay results from the Fall 2022 drill program at the Rice Lake Gold Property in Manitoba confirmed extensions of gold structures over 400 m of strike on the Wentworth vein corridor and 270 m on the Hope-Roger corridor at the historical Central Manitoba gold mine. Hole CM-22-010 returned 2.75 m of 2.27 g/t Au from 31.10 m, including 0.55 m of 10.10 g/t Au; CM-22-009 cut 1.25 m of 3.28 g/t Au. At Palomar, PL-22-003 intersected 3.20 m of 1.90 g/t Au. A review to update the 2018 True North mineral resource estimate is underway.
Drill results
20238 releases
1911 Gold Announces Closing Of Non-Brokered Private Placement Lead By Eric Sprott
A non-brokered private placement closed for gross proceeds of $3,900,000, comprising 51,562,500 units at $0.06, 2,260,715 flow-through units at $0.07 and 6,666,667 Manitoba flow-through units at $0.097, each with a warrant exercisable at $0.10 for 24 months. Eric Sprott invested $1,000,000 for 16,666,667 units, giving him 12.4% of shares outstanding. Flow-through proceeds will fund exploration at the Rice Lake property in Manitoba; unit proceeds will fund optimization of the 2018 NI 43-101 resource report.
Financing1911 Gold Provides Strategic Update and Announces Non-Brokered Private Placement With Lead Order From Eric Sprott
A non-brokered private placement for aggregate proceeds of up to $3,500,000 has been launched, with a lead investment from Eric Sprott, comprising units at $0.06, flow-through units at $0.07 and Manitoba flow-through units at $0.097, each with a warrant exercisable at $0.10 for 24 months; closing is expected on or about December 22, 2023. Proceeds will fund near-mine exploration at the Rice Lake property in Manitoba and a review and optimization of the 2018 NI 43-101 resource for the True North underground mine.
Financing1911 Gold Announces Upsize To Previously Announced Private Placement To $3.9 Million
A previously announced non-brokered private placement has been upsized to gross proceeds of C$3,950,000, comprising units at $0.06, flow-through units at $0.07 and Manitoba flow-through units at $0.097, each with a warrant exercisable at $0.10 for 24 months from closing. Flow-through proceeds will fund exploration at the Rice Lake property in Manitoba, including the Central Manitoba project, while unit proceeds will fund review and optimization of the 2018 43-101 resource report and general corporate purposes. Closing is expected on or about December 22, 2023, subject to TSXV approval, with insider participation expected.
Financing1911 Gold Announces Settlement of Debt for Shares
$356,500 owed for drilling and other consulting services provided in 2022 will be settled through the issuance of 4,753,333 common shares at a deemed price of $0.075 per share. The settlement remains subject to regulatory approvals, including TSX Venture Exchange approval, and the shares will be subject to a statutory hold period expiring four months and one day after closing.
Financing1911 Gold Enters the Next Phase of the Mill Lease Agreement with Grid Metals
Grid Metals Corp is proceeding with the True North mill lease agreement first announced July 18, 2023, following positive findings from a Primero Group scoping study on modifying the Bissett, Manitoba mill to process spodumene pegmatite from Grid's Donner Lake Property into a saleable lithium concentrate. Revised terms include a C$400,000 equity investment, a C$600,000 lease payment due October 25, 2023 (C$50,000 paid), and C$500,000, C$1,000,000 and C$900,000 financial assistance payments toward 1911 Gold's Manitoba closure security through 2025. Grid can only terminate after cumulative payments of C$2,250,000. A Definitive Lease Agreement is being finalized.
Corporate1911 Gold Announces Grant of Options
A total of 1,710,000 options to purchase common shares were granted to officers, directors, employees and consultants under 1911 Gold's Share Option Plan, with an exercise price of $0.10 per common share and expiry on August 28, 2028. Of these, 1,460,000 options vest one-third immediately and one-third on each of the first and second anniversaries of the grant date, while the remaining 250,000 vest one-half immediately and one-half after the first anniversary.
Corporate1911 Gold Announces Sale of Its Non-Core Tully Property in Ontario
A purchase agreement has been signed with Fulcrum Metals PLC for the sale of 1911 Gold's 100% interest in the Tully Property, comprising eleven mining claims and a mining lease covering 458 hectares located 30 kilometres northeast of Timmins, Ontario. Consideration is C$800,000 in cash plus a 1.5% net smelter returns royalty, with Fulcrum able to repurchase up to 1% of the NSR for C$300,000 per 0.5%. Proceeds will fund exploration at the Rice Lake property in Manitoba.
Acquisition1911 Gold Enters into Agreement with Grid Metals for Lithium Spodumene Concentrate Production at True North Mill
A letter agreement has been signed with Grid Metals Corp. to lease the True North mill complex in Bissett, Manitoba for processing spodumene pegmatite ore from Grid's Donner Lake Lithium Project. Terms include C$750,000 on signing (C$300,000 cash plus a C$450,000 equity investment), a further C$1,000,000 after 90 days of technical due diligence, a 1% net smelter return royalty, a C$7.50 per tonne depreciation fee, and an initial five-year lease term. Primero Group will complete a 90-day scoping study on mill modifications.
Corporate
20221 release
1911 Gold Commences Exploration Drilling at the Rice Lake Property, Manitoba
Exploration drilling has begun at the 100%-owned Rice Lake gold property in Manitoba, with 5,000 metres planned for Q3-Q4 2022 across the Central Manitoba, Palomar and Wallace projects. The initial Central Manitoba program comprises 12 drillholes for 1,700 metres testing untested vein extensions at the historical mine, which produced about 160,000 ounces at 12.6 g/t gold from 1927–1937. Two holes are planned at Palomar, where channel samples returned up to 10.6 g/t gold over 2.4 metres. Programs are funded by the $8 million flow-through placement completed in December 2021.
Drill results