1911 Gold Announces Mineral Resource Estimate Update for the Ogama-Rockland Gold Project
1911 adds 712,000 ounces of inferred gold to its Ogama-Rockland district-scale True North restart plan.
1911 Gold Corporation (AUMB) announced an updated underground Mineral Resource Estimate (MRE) for the Ogama-Rockland Gold Project on its 100%-owned Rice Lake property. The update defines an Inferred Mineral Resource of 3,314,000 tonnes at 6.68 g/t Au, containing 712,000 ounces of gold.
The estimate utilizes a 2.50 g/t Au economic cut-off grade and a Deswik Mineable Shape Optimizer (MSO) stope design. Significant resource growth potential has been identified through planned Q4 2026 drilling to test expansion areas down-dip, along strike, and within gaps.
Metallurgical test work on composite samples is complete, with results pending. A global resource update including True North and Ogama-Rockland is expected in Q4 2026, which may inform mine plans and technical studies for a potential production decision at True North in 2027.
1911 Gold Corporation (AUMB) released the Ogama-Rockland Mineral Resource Estimate (MRE), a routine follow-up to its December 2025 drilling program that aligns with the company’s stated timeline for an updated resource estimate in Q2 2026. The update identifies a 712,000 oz inferred resource at a grade of 6.68 g/t. While this adds potential to the district-scale strategy, the classification as inferred carries a high degree of uncertainty and cannot be converted to reserves without further drilling and economic studies.
The estimate utilizes a 2.50 g/t cut-off and MSO modeling, indicating a focus on practical, mineable shapes rather than theoretical broad zones. This technical approach represents a step toward defining mineable geometry but does not alter the project's pre-revenue status. The announcement meets previous expectations and does not represent a fundamental shift in the company's valuation or restart timeline, serving as incremental de-risking ahead of the broader Q4 2026 global resource update.
1911 Gold Corporation is an advanced-stage gold explorer and developer transitioning to a production company. Its flagship asset is the True North Gold Project, located in the Archean Rice Lake greenstone belt in Manitoba, Canada. The project features fully built and permitted infrastructure, including a 1,350 tpd processing plant, underground shafts, and a tailings management facility. The company targets a 2027 production restart, leveraging existing infrastructure to minimize initial capital expenditure.
The land package spans approximately 62,000 hectares, offering significant regional exploration upside. The project is situated within and among the Hollow Water First Nation and Black River First Nation, with a stated commitment to local employment and community partnerships.