1911 Gold receives MMDF grant for True North drilling

Executive Summary

• 1911 Gold Corp. has received a $300,000 grant from the Manitoba Mineral Development Fund (MMDF) to support its ongoing underground drill program at the True North gold project.
• The funding is specifically allocated to an underground delineation drill program consisting of approximately 9,000 metres across 80 drill holes, aimed at upgrading resources in two target areas.
• The company aims to use data from this drilling and subsequent test mining in 2026 to validate mining methods and economics, with a target to restart mining operations in early 2027.

Key Details

• Grant Amount: $300,000 CAD.
• Funding Source: Manitoba Mineral Development Fund (MMDF).
• Project Location: True North gold project, located within the 100%-owned Rice Lake gold property in southeastern Manitoba, Canada.
• Drill Program Scope: Approximately 9,000 metres in 80 drill holes.
• Objective: Underground delineation drilling to upgrade current resources within two target areas.
• Strategic Timeline:
  • 2026: Test mining scheduled to validate planned mining method and economics.
  • 2027: Target restart of mining operations.
• Broader Context: The grant is part of a larger $1.2-million allocation by the Manitoba government to six mineral exploration projects to support indigenous partnerships, job creation, and investment in Northern Manitoba.
• Stakeholder Engagement: The project is located within and among the Hollow Water First Nation and Black River First Nation communities, with the company emphasizing cooperative relationships and socioeconomic impacts.

Notable Quotes

• Shaun Heinrichs, CEO and President: "We extend our sincere gratitude to the MMDF for their continued support of the True North gold project and our near-term vision to restart mining operations in 2027... The MMDF's active involvement and interest in our progress reflect our shared commitment to advancing responsible resource development in Manitoba, creating meaningful employment for surrounding communities... and fostering sustainable economic growth for years to come."
• Edward Suzuki, Program Manager (MMDF): "By providing this funding support and confidence, we aim to attract more investment into Manitoba. The socioeconomic impacts from the True North redevelopment project will demonstrate the value of MMDF and justify the continuation of the program in the coming years."