1911 Gold Reports Additional Results from Underground Delineation Drilling at True North
1911 Gold Validates PEA Assumptions with High-Grade Infill Hits as Restart Momentum Builds
The most recent news (April 2, 2026) reports assay results from 10 underground delineation drill holes (1,464m) at the True North Gold Project. The results confirm high-grade continuity within the Hinge Zone V-810 vein, which is a critical component of the early-stage mine plan in the recently filed PEA. Key intercepts include 9.51 g/t Au over 3.50m (including 30.70 g/t over 0.60m) and 12.00 g/t Au over 1.00m. These results conclude the current Hinge delineation program (31 holes total) and will be used to finalize stope designs for test-mining in 2027.
The news is Routine - Positive. While the grades are high, they are incremental and serve to confirm the geological model already established in the PEA filed on March 27, 2026. - Confirmation of PEA: The results validate the "pinch-and-swell" geometry and high-grade core of the V-810 vein, reducing the risk of grade underperformance in the initial years of the 11-year mine life. - Operational Readiness: The completion of this program allows the company to move toward test-mining. The mobilization of a third underground rig indicates an acceleration of the 2026 work program. - Consistency: The results are in line with the March 11, 2026, release, showing that the orebody is behaving as predicted by the technical team.
1911 Gold owns the True North Gold Project in Manitoba, a past-producing mine with a fully permitted 1,300 tpd mill and infrastructure valued at >$400M. The 2026 PEA outlines an 11-year mine life producing ~58k oz Au/year with an after-tax NPV5% of C$391M and an IRR of 105% (at US$3,000/oz gold).