Northwire Canada EditionFriday, July 10, 2026
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S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.04 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.27 +11.9% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.51 +1.2% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0% S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.04 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.27 +11.9% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.51 +1.2% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0%
Drill Results Routine +

1911 Gold Confirms Extensions of the L10 Zone at True North Intersecting 11.54 g/t Gold over 3.70 m

True North Restart De-risked by Drill Extensions and Secured Credit Facility

By The Northwire Desk — AI Analysis May 12, 2026 · 07:02 AUMB · 0.93 1911 Gold Corporation
Executive Summary
  • 1911 Gold reported significant gold mineralization extensions at the L10 Zone of the True North Gold Project in Manitoba.
  • Drilling intersected high-grade gold outside of the 2024 Mineral Resource Estimate (MRE), including 11.54 g/t Au over 3.70 m.
  • The underground resource expansion program demonstrated potential to extend mineralization up to 160 m down-plunge and 80 m along strike.
  • Two underground drill rigs are active on Level 16, with a third rig scheduled for mobilization in the coming weeks.
  • A global resource update is expected later this year; surface exploration on SAM W, SAM SE, and Shore targets is nearing completion.
Material Impact
  • The news confirms geological continuity and high-grade potential consistent with the February 2026 Preliminary Economic Assessment (PEA).
  • While positive, it does not fundamentally alter the investment thesis established by the PEA or the secured $30 million credit facility.
  • Resource extensions support the planned test mining in 2026 and production restart in 2027 but are incremental to existing expectations rather than a surprise upgrade.
  • The market has already priced in the restart strategy; this news validates execution without introducing new valuation drivers like a takeover or massive resource category change.
AUMB · Price
Company Overview
  • Flagship Project: True North Gold Project in the Rice Lake Greenstone Belt, Manitoba, Canada.
  • Project Status: Development stage targeting underground restart in 2027.
  • Infrastructure: Existing permitted shafts, declines, processing plant (1,300 t/d), and tailings management facility with replacement value >$400 million.
  • Production Profile: PEA projects steady-state production of 58,114 oz Au/year over an 11-year mine life.
  • Cost Guidance: Cash costs US$1,390/oz; AISC US$1,897/oz at $3,000/oz gold price assumption.
Read the original news release →

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Jul 02, 2026 · 21:01

1911 Gold Issues Clarification of February 2026 PEA Disclosure

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1911 Gold upsizes its bought deal to $31 million to fund the True North restart, though dilution and offtake constraints remain a concern.

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1911 Gold secured a $20m bought deal to fund the True North restart despite dilution and execution risks.

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1911 Gold Commences Underground Development at True North, De-risking 2027 Restart Plan

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