1911 Gold Corporation's Drilling Success
1911 Gold Corporation (Stock Ticker: AUMBF) has achieved significant results from its latest drilling program at the True North Project. This success showcases the potential of the Rice Lake Gold property. The exploration effort involved a total of thirteen drill holes, amounting to 3,222.40 meters, confirming interesting gold mineralization within the region.
Key Highlights of the Drilling Program
Recent assays have confirmed the near-surface quartz vein-hosted gold mineralization at the San Antonio Southeast target area. The results revealed remarkable drill intersections, including:
- Drill hole TN-25-011: 8.37 grams per tonne (g/t) Au over 0.84 meters at a depth of 277.74 meters.
- Drill hole TN-25-014: 13.40 g/t Au over 0.69 meters at a depth of 361.71 meters.
- Drill hole TN-25-021: 14.00 g/t Au over 0.50 meters and 6.46 g/t Au over 2.20 meters at depths of 33.10 meters and 60.10 meters respectively.
- Drill hole TN-25-023: 9.37 g/t Au over 0.50 meters at a depth of 37.00 meters.
- Drill hole TN-25-024: 4.55 g/t Au over 1.00 meter and 14.50 g/t Au over 0.50 meters at depths of 73.00 meters and 106.60 meters.
These assays indicate a promising continuation of gold mineralization within the area.
San Antonio Southeast Target Expansion
The narrow corridors of gold mineralization have been confirmed down to 400 meters in depth and over a strike length of 300 meters. The drilling efforts are focused on extending these zones further into the San Antonio Southeast area, which historically has hosted significant gold production.
Future Drilling Plans
1911 Gold is keen to expand its drilling campaign, planning to conduct over 25,000 meters of drilling in 2025. This expansion complements the current findings and reflects the growing potential recognized by the company’s exploration team. A second drill rig is now operational, enabling simultaneous testing of open extensions at both San Antonio West and San Antonio Southeast.
Community Engagement and Future Prospects
Deeply committed to its local community, 1911 Gold Corporation emphasizes strong relationships with the Hollow Water First Nation and local stakeholders. Looking ahead, the company aims to fortify its exploration foothold while being mindful of community interests and environmental stewardship.
Frequently Asked Questions
What are the notable results from 1911 Gold's latest drilling?
1911 Gold reported high-grade gold intersections, with significant assays including 21.80 g/t Au over 0.50 meters.
Where is the True North project located?
The True North project is located in Manitoba, within the Rice Lake Gold property, which is fully owned by 1911 Gold Corporation.
What are the future plans for exploration by 1911 Gold?
1911 Gold plans to expand its drilling program to over 25,000 meters in 2025, with two drill rigs set to explore additional targets.
How has 1911 Gold engaged with the local community?
The company emphasizes maintaining positive relationships with the Hollow Water First Nation, focusing on cooperation and respect.
What is the significance of the San Antonio Southeast target?
The San Antonio Southeast target has shown promising quartz vein-hosted gold mineralization that extends both in depth and along strike, indicating a potential area for future mining operations.
