3) 1911 Gold - Projects with gold grades .........
Post# of 232
(Total Views: 36)
Posted On: 11/23/2024 12:25:44 AM
3) 1911 Gold - Projects with gold grades .................................
The Company owns over 63,000 Hectares or 630 square kilometer of land with significant gold resource potential, a Truth North ore processing mill with 1,300 tonnes to 2,500 tonnes per day throughput capacity, a dozen of underground mines and accretive gold reserves / resources, currently at over one million ounces of gold.
https://investorshangout.com/images/MYImages/...cility.jpg
Property location and projects with gold grades
https://investorshangout.com/images/MYImages/...thgold.jpg
==============
True North region
==============
https://investorshangout.com/images/MYImages/...gareas.png
Three mines: True North Mine, Hinge Mine and Cohiba Mine, often referred to as the Truth North Mine Complex, host super high grade gold. There are underground ramps connecting to adjacent mines.
*** True North Mine
True North Mine (unmarked in the map above) is located right next to the mill at San Antonio mine, it is a shaft mine with a headframe and is 1,600 meter (5248 feet) deep. Within the True North Mine there are significant vein structures stepping out from the main unit trending towards the east to L10 Mine and L13 Mine. .
*** Hinge Mine and Cohiba Mine
Both Hinge Mine and Cohiba Mine are ramp mines extending 800 meters and 400 meters below surface respectively. Within Hinge Mine there is a ramp to 007 Mine, the fourth mine, accessible only underground. Core from the Hinge zone returned spectacular grades including 207.1 g/t Au over 2.3 meters. During test mining, close to 6,000 oz of gold was recovered from the 10,700-tonne bulk sample. The numbers represent stopping grades of 12.7 g/t and development grades of 16.9 g/t. In the main Hinge lens No. 1, the grade was even better at 26.3 g/t Au. The total direct bulk sample operating cost was US$158 per ounce. The Hinge mining rate was about 300 tonnes/day.
*** San Antonio mine
San Antonio Mine is a ramp mine discovered in 1911, there is a mill there. San Antonio Mine produced:
1.2 million ounces of gold between 1932 and 1968
11,210 oz gold in 1982
4,057 oz in 1983
It was part of the True North Mine Complex which produced over 2 million ounces of gold during its near 100-year history. San Antonio Mine was closed because it has become uneconomical.
Past news on assays in Truth North Mine Complex:
Nov 17, 2016 - Klondex Announces Updated Drill Results at True North; Drilling Supports Expansion of 710/711 and Cohiba Zones
https://www.resource-capital.ch/en/news/view/...iba-zones/
January 24, 2017 - Klondex Announces New Discovery at True North; Drilling Continues to Extend Known Mineralization
https://www.globenewswire.com/news-release/20...ation.html
July 26, 2017 - Klondex Announces High Grade Exploration Results at True North; Intercepts 5.78 opt Au over 3.7 ft (198.1 g/t over 1.1 m)
https://www.juniorminingnetwork.com/junior-mi...-mine.html
Assays from Truth North Mine Complex (2016 - 2017)
.jpg)
https://investorshangout.com/images/MYImages/...-2017).jpg
==================
Central Manitoba region
==================
Central Manitoba region is made up of 2 zones: Ogama-Rockland zone and the Central Manitoba zone. This region has produced 205,000 ounces of gold.
Ogama-Rockland Mine and Central Manitoba Mine were owned by Bison Gold which was acquired by Klondex in October 2017 for $9 million.
Ogama-Rockland Mine was discovered in 1915, mining activities occurred intermittently from 1942 to 1951. The mine relied on underground workings with a single shaft. The subsurface depth is 314 meters (1,030 feet), the ore extracted consists of pyrite, pyrrhotite, and molybdenite. Geologically, the Ogama-Rockland Mine is situated within an area characterized by diorite, a type of igneous rock formed in the Neoproterozoic era 100 million to 540 million years ago. The mine is currently closed.
Current resources estimate at Ogama-Rockland Mine is 337,000 ounces gold (1.28 million tonnes ores at gold grade of 8.17 g/t with cut off rate of 2.5 g/t).
Mining operations at Central Manitoba Mine were active from 1927 to 1937. The method of extraction used was underground mining, which involved creating tunnels and working underground. There is one shaft used to access the mine workings. The subsurface depth of the mine reaches 266 meters (873 feet).
Central Manitoba Mine is the second-largest mine in the Rice Lake district with total gold production of 160,000 ounces at 12.60 g/t. In 2009 Bison Gold drilled 66 diamond drill holes for a total of 13,268 meters to test the extensions of gold mineralization and confirmed the vein systems extend over 2.6 km at surface. 1911 Gold's 2022 drilling corroborated the extensions of gold mineralized structures over 400 meters of strike length on the Wentworth vein corridor and over 270 meters of strike length on the Hope-Roger vein corridor. ( https://1911gold.com/news/press-releases/1911...-gold-mine )
Bison Gold's historical news:
May 30, 2011 - New gold bearing zone is confirmed
https://uk.marketscreener.com/news/latest/QUE...-13646036/
June 13, 2013 - History of Central Manitoba projects
https://finance.yahoo.com/news/bison-gold-res...15908.html
Nov 18, 2013 - Bison Gold Announces Maiden High Grade Mineral Resource Estimate on the Ogama-Rockland Gold Deposit
https://finance.yahoo.com/news/bison-gold-res...00745.html
Historical assays in Central Manitoba region:
https://investorshangout.com/images/MYImages/...esults.png
True North ‘orogenic’ gold deposit in Manitoba, Canada
https://www.lyellcollection.org/doi/abs/10.11...6-2020-111
=========================
Apex Gold Project in Snow Lake
=========================
Apex Gold project is another potential high-grade gold mine in dormant.
https://www.google.ca/maps/place/Snow+Lake,+M...FQAw%3D%3D
https://investorshangout.com/images/MYImages/...owLake.jpg
The Apex exploration property is located 15 kilometers southeast of the town of Snow Lake (570 kilometers north of Winnipeg) in north-central Manitoba and consists of 5 mining claims, totaling 752 hectares, that are 100% owned by the Company.
The Apex property is situated in the Proterozoic Flin Flon greenstone belt, one of the most prolific mining districts in the world, with world-class gold-rich volcanogenic massive sulphide (VMS) and orogenic gold deposits. The property has been explored intermittently dating back to the discovery of the Apex and KK showings in 1917–1918. It is situated in a favorable structural setting, within a fault-block bound on both sides by crustal-scale faults, and lies immediately north of the Laguna property being explored by an affiliate of Kinross Gold Corp. The New Britannia mine, located at Snow Lake, produced more than 1.4 million ounces of gold and includes a gold processing facility owned by Hudbay Minerals Inc.
Situated on the northeast shore of Wekusko Lake, the Apex property can be easily accessed by boat from a landing on provincial road 392, located 9 kilometers to the west.
1911 Gold Advances the Apex Gold Property near Snow Lake Manitoba; Grab Samples Return up to 1,240 Grams per Tonne Gold
https://www.1911gold.com/news/press-releases/...tonne-gold
====================
Ramp Mine vs Shaft Mine
====================
The main difference between ramp mines and shaft mines is that ramps are tunnels that descend from the surface, while shafts are vertical openings:
Ramps, also known as declines, are tunnels that are driven downward from the surface to transport materials, waste, ore, and personnel. Ramps can also be used to connect different levels within an underground mine. Ramps are a good option when there is a lot of vegetation on the surface that you don't want to clear.
Shafts are vertical or near-vertical tunnels that are sunk into the ground to access an underground ore body. Shafts can be used for a variety of purposes, including:
Moving people, materials, and mine services
Ventilation air
Removing broken rock, such as ore or waste
Providing an escape route in an emergency
==============
Future Prospect
==============
Based on the numerous established mines throughout the company's immense 580 square kilometers of exploration property and super high grade gold, it appears that the whole region is saturated with orogenic gold veins. The mines will contribute endless supplies of high-grade gold ores to feed the hungry mills and sustain the company's continuous organic growth. With gold price well above AISC, with all essential infrastructure in place and without debts, the company will be a successful start-up gold producer with strong potential of growing into a big player in the gold producing arena.
1911 Gold Corp - A rising young star with the potential to be a future component of the XAU Mining Index.
https://stockcharts.com/h-sc/ui?s=AUMB.V&...2963243620
The Company owns over 63,000 Hectares or 630 square kilometer of land with significant gold resource potential, a Truth North ore processing mill with 1,300 tonnes to 2,500 tonnes per day throughput capacity, a dozen of underground mines and accretive gold reserves / resources, currently at over one million ounces of gold.
https://investorshangout.com/images/MYImages/...cility.jpg
Property location and projects with gold grades
https://investorshangout.com/images/MYImages/...thgold.jpg
==============
True North region
==============
https://investorshangout.com/images/MYImages/...gareas.png
Three mines: True North Mine, Hinge Mine and Cohiba Mine, often referred to as the Truth North Mine Complex, host super high grade gold. There are underground ramps connecting to adjacent mines.
*** True North Mine
True North Mine (unmarked in the map above) is located right next to the mill at San Antonio mine, it is a shaft mine with a headframe and is 1,600 meter (5248 feet) deep. Within the True North Mine there are significant vein structures stepping out from the main unit trending towards the east to L10 Mine and L13 Mine. .
*** Hinge Mine and Cohiba Mine
Both Hinge Mine and Cohiba Mine are ramp mines extending 800 meters and 400 meters below surface respectively. Within Hinge Mine there is a ramp to 007 Mine, the fourth mine, accessible only underground. Core from the Hinge zone returned spectacular grades including 207.1 g/t Au over 2.3 meters. During test mining, close to 6,000 oz of gold was recovered from the 10,700-tonne bulk sample. The numbers represent stopping grades of 12.7 g/t and development grades of 16.9 g/t. In the main Hinge lens No. 1, the grade was even better at 26.3 g/t Au. The total direct bulk sample operating cost was US$158 per ounce. The Hinge mining rate was about 300 tonnes/day.
*** San Antonio mine
San Antonio Mine is a ramp mine discovered in 1911, there is a mill there. San Antonio Mine produced:
1.2 million ounces of gold between 1932 and 1968
11,210 oz gold in 1982
4,057 oz in 1983
It was part of the True North Mine Complex which produced over 2 million ounces of gold during its near 100-year history. San Antonio Mine was closed because it has become uneconomical.
Past news on assays in Truth North Mine Complex:
Nov 17, 2016 - Klondex Announces Updated Drill Results at True North; Drilling Supports Expansion of 710/711 and Cohiba Zones
https://www.resource-capital.ch/en/news/view/...iba-zones/
January 24, 2017 - Klondex Announces New Discovery at True North; Drilling Continues to Extend Known Mineralization
https://www.globenewswire.com/news-release/20...ation.html
July 26, 2017 - Klondex Announces High Grade Exploration Results at True North; Intercepts 5.78 opt Au over 3.7 ft (198.1 g/t over 1.1 m)
https://www.juniorminingnetwork.com/junior-mi...-mine.html
Assays from Truth North Mine Complex (2016 - 2017)
https://investorshangout.com/images/MYImages/...-2017).jpg
==================
Central Manitoba region
==================
Central Manitoba region is made up of 2 zones: Ogama-Rockland zone and the Central Manitoba zone. This region has produced 205,000 ounces of gold.
Ogama-Rockland Mine and Central Manitoba Mine were owned by Bison Gold which was acquired by Klondex in October 2017 for $9 million.
Ogama-Rockland Mine was discovered in 1915, mining activities occurred intermittently from 1942 to 1951. The mine relied on underground workings with a single shaft. The subsurface depth is 314 meters (1,030 feet), the ore extracted consists of pyrite, pyrrhotite, and molybdenite. Geologically, the Ogama-Rockland Mine is situated within an area characterized by diorite, a type of igneous rock formed in the Neoproterozoic era 100 million to 540 million years ago. The mine is currently closed.
Current resources estimate at Ogama-Rockland Mine is 337,000 ounces gold (1.28 million tonnes ores at gold grade of 8.17 g/t with cut off rate of 2.5 g/t).
Mining operations at Central Manitoba Mine were active from 1927 to 1937. The method of extraction used was underground mining, which involved creating tunnels and working underground. There is one shaft used to access the mine workings. The subsurface depth of the mine reaches 266 meters (873 feet).
Central Manitoba Mine is the second-largest mine in the Rice Lake district with total gold production of 160,000 ounces at 12.60 g/t. In 2009 Bison Gold drilled 66 diamond drill holes for a total of 13,268 meters to test the extensions of gold mineralization and confirmed the vein systems extend over 2.6 km at surface. 1911 Gold's 2022 drilling corroborated the extensions of gold mineralized structures over 400 meters of strike length on the Wentworth vein corridor and over 270 meters of strike length on the Hope-Roger vein corridor. ( https://1911gold.com/news/press-releases/1911...-gold-mine )
Bison Gold's historical news:
May 30, 2011 - New gold bearing zone is confirmed
https://uk.marketscreener.com/news/latest/QUE...-13646036/
June 13, 2013 - History of Central Manitoba projects
https://finance.yahoo.com/news/bison-gold-res...15908.html
Nov 18, 2013 - Bison Gold Announces Maiden High Grade Mineral Resource Estimate on the Ogama-Rockland Gold Deposit
https://finance.yahoo.com/news/bison-gold-res...00745.html
Historical assays in Central Manitoba region:
https://investorshangout.com/images/MYImages/...esults.png
True North ‘orogenic’ gold deposit in Manitoba, Canada
https://www.lyellcollection.org/doi/abs/10.11...6-2020-111
=========================
Apex Gold Project in Snow Lake
=========================
Apex Gold project is another potential high-grade gold mine in dormant.
https://www.google.ca/maps/place/Snow+Lake,+M...FQAw%3D%3D
https://investorshangout.com/images/MYImages/...owLake.jpg
The Apex exploration property is located 15 kilometers southeast of the town of Snow Lake (570 kilometers north of Winnipeg) in north-central Manitoba and consists of 5 mining claims, totaling 752 hectares, that are 100% owned by the Company.
The Apex property is situated in the Proterozoic Flin Flon greenstone belt, one of the most prolific mining districts in the world, with world-class gold-rich volcanogenic massive sulphide (VMS) and orogenic gold deposits. The property has been explored intermittently dating back to the discovery of the Apex and KK showings in 1917–1918. It is situated in a favorable structural setting, within a fault-block bound on both sides by crustal-scale faults, and lies immediately north of the Laguna property being explored by an affiliate of Kinross Gold Corp. The New Britannia mine, located at Snow Lake, produced more than 1.4 million ounces of gold and includes a gold processing facility owned by Hudbay Minerals Inc.
Situated on the northeast shore of Wekusko Lake, the Apex property can be easily accessed by boat from a landing on provincial road 392, located 9 kilometers to the west.
1911 Gold Advances the Apex Gold Property near Snow Lake Manitoba; Grab Samples Return up to 1,240 Grams per Tonne Gold
https://www.1911gold.com/news/press-releases/...tonne-gold
====================
Ramp Mine vs Shaft Mine
====================
The main difference between ramp mines and shaft mines is that ramps are tunnels that descend from the surface, while shafts are vertical openings:
Ramps, also known as declines, are tunnels that are driven downward from the surface to transport materials, waste, ore, and personnel. Ramps can also be used to connect different levels within an underground mine. Ramps are a good option when there is a lot of vegetation on the surface that you don't want to clear.
Shafts are vertical or near-vertical tunnels that are sunk into the ground to access an underground ore body. Shafts can be used for a variety of purposes, including:
Moving people, materials, and mine services
Ventilation air
Removing broken rock, such as ore or waste
Providing an escape route in an emergency
==============
Future Prospect
==============
Based on the numerous established mines throughout the company's immense 580 square kilometers of exploration property and super high grade gold, it appears that the whole region is saturated with orogenic gold veins. The mines will contribute endless supplies of high-grade gold ores to feed the hungry mills and sustain the company's continuous organic growth. With gold price well above AISC, with all essential infrastructure in place and without debts, the company will be a successful start-up gold producer with strong potential of growing into a big player in the gold producing arena.
1911 Gold Corp - A rising young star with the potential to be a future component of the XAU Mining Index.
https://stockcharts.com/h-sc/ui?s=AUMB.V&...2963243620
(0)
(0)1911 Gold Corp. (AUMBF) Stock Research Links
Scroll down for more posts ▼