1911 Gold Confirms Resource Continuity in Underground Infill and Delineation Drilling at True North

The most recent news (March 11, 2026) reports assay results from the underground infill and delineation drill program at the True North Gold Project. Key intercepts include 10.03 g/t Au over 1.10m and 5.02 g/t Au over 6.00m. The drilling confirmed the continuity of the V-810 (Hinge Zone) and V-1030/1040 (L10 Zone) veins, which are central to the Preliminary Economic Assessment (PEA) mine plan. Crucially, the company identified parallel vein systems not currently included in the PEA, suggesting potential for resource expansion beyond the current 11-year mine life.

The news is Routine - Positive. While the drill results are high-grade and confirm the geological model, they are largely "infill" in nature, meaning they were expected to be there to support the existing PEA. The material "de-risking" occurred in the weeks prior with the closing of the US$15 million drawdown (March 9, 2026) and the release of the PEA (February 10, 2026). These results provide the technical validation required to proceed with the bulk sampling and test mining scheduled for mid-2026. The discovery of parallel veins is a "bonus" that supports the long-term "district-scale" narrative but does not immediately alter the 2027 restart timeline.

1911 Gold owns the True North Gold Project in Bissett, Manitoba. The flagship asset includes a fully permitted 1,300 tpd mill and a mine with a 2-million-ounce production history. The current strategy focuses on a 2027 restart based on a PEA outlining an after-tax NPV5% of C$391M and a 105% IRR, assuming a US$3,000 gold price.