Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
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 →

More from 1911 Gold Corporation

Nov 02, 2026 · 07:02

1911 Gold Reports 14.86 g/t Gold over 7.20 Metres from Infill Drilling at True North

Drill Results Oct 06, 2026 · 07:02

1911’s 710-711/007 step-outs confirm mineralised extensions but report lower grades than the September anchor intercepts.

Drill Results Sep 24, 2026 · 16:32

1911’s Ogama-Rockland MRE adds 712,000 oz inferred, supporting the district restart timeline.

Resource Estimate Sep 16, 2026 · 07:02

1911 advances key restart milestones at True North, though a final production decision remains pending for the project.

Production / Operations Sep 10, 2026 · 07:02

1911 confirmed high-grade L10-710 link, with pre-production financing dependent on further development.

Drill Results Aug 25, 2026 · 07:02

1911’s SAM W gap-fill confirms continuity with modest gram-metres, falling short of prior anchor results.

Drill Results