1911 Gold Commences Drill Program at the Ogama-Rockland Gold Deposit
1911 Gold Puts New Capital to Work, Eyes Satellite Deposit to Fuel Mine Restart
On December 17, 2025, 1911 Gold announced the commencement of a 2,200-metre diamond drill program at its Ogama-Rockland gold deposit. Drilling began on December 12, 2025. The program's objectives are resource expansion and confirmation, specifically targeting extensions of high-grade, shallow gold mineralization. The company anticipates releasing an updated underground mineral resource estimate for the project in the first half of 2026. The press release also confirms the company has over C$26 million in cash following its recent financing, which will fund its work towards a targeted mine restart in 2027.
This news is a positive and expected operational update, demonstrating the company is immediately deploying the C$23 million in capital raised just two weeks prior on December 4, 2025. The commencement of drilling at the Ogama-Rockland satellite deposit is a direct execution of the company's stated strategy to expand its high-grade resource base to support the main True North mine and mill complex.
Looking back, the company has been telegraphing this move. The November 11 press release noted that it was "advancing permitting for a 2,200 m surface drill program at Ogama-Rockland." The successful start of this program confirms management's ability to execute on its plans in a timely manner.
While the news is positive, its impact is routine rather than material. It confirms progress but does not introduce new information that would alter the company's valuation. The material catalysts will be the assay results from this drill program and the subsequent updated Mineral Resource Estimate (MRE) expected in H1-2026. The confirmation of a strong cash position of over C$26 million is a significant positive, reinforcing that the company is fully funded for its extensive 2026 exploration and development plans.
1911 Gold Corporation is a gold exploration and development company focused on its True North Gold Project, located in the Rice Lake Greenstone Belt in Manitoba, Canada. The flagship project is a past-producing mine with a fully permitted, 1,300 tonne-per-day mill and existing infrastructure. The company's strategy is to grow the existing 1.1 million ounce gold resource through exploration and restart mining operations, targeting 2027. The company controls the entire 61,647-hectare greenstone belt, which includes several historical high-grade satellite deposits like Ogama-Rockland. The investor presentation states the property is royalty-free.