1911 GOLD CORPORATION: REIMAGINING THE HISTORIC RICE LAKE GOLD DISTRICT 1911 Gold Corporation (the “Company” or “1911 Gold”) (TSX-V: AUMB) (OTCQX: AUMBF) is a junior gold explorer and producer that holds more than 63,000 hectares of mineral dispositions in Tier-1 jurisdictions with proven potential for world-class gold deposits, including the Rice Lake and Snow Lake districts in Manitoba, and
20-002) from the Edna-Otter target
the east in Ontario. The project also
• 6.0 g/t Au over 3.3 metres (DDH BL-
includes a 70-kilometre segment of a crustal-scale break referred to as the Wanipigow Fault, which defines an ancient craton margin and is an important regional control on orogenic gold. Commencing in 2019, 1911 Gold initiated the aggressive regional
the Timmins district in Ontario.
exploration program of its Rice Lake
The Company’s consolidated,
aeromagnetic and LiDAR surveys,
district-scale (58,000 hectares) land
acquisitions of additional prospective
position in the underexplored Rice
ground, data compilations, and a field
Lake greenstone belt, coupled with
exploration campaign of mapping,
the permitted and operational 1,300
prospecting, surficial geochemistry
tonnes-per-day mill and tailings
and ground geophysical surveys.
facility (the True North complex) at Bissett, Manitoba, are critical strategic assets, setting 1911 Gold apart from its peers. Together with a significant revenue stream from the reprocessing of historical tailings, which produces 4,500 ounces of gold per year to fund ongoing operational and corporate costs, the Company’s assets present a significant value proposition for
project, including high-resolution
Using a systematic, science-based exploration approach, the company has efficiently advanced several projects to first-pass drill testing. To date, the Company has completed 87 drillholes, totalling 25,111 metres to test 14 different targets throughout the Rice Lake property, with select highlights listed below (please refer to the 1911
shareholders.
Gold website for additional details).
The regional exploration of the
Exploration Drilling Highlights
Rice Lake project is the Company’s main focus. The project covers a 90-kilometre length of the underexplored Rice Lake greenstone belt, which is the western extension of the prolific Red Lake greenstone
18
belt approximately 100 kilometres to
MANITOBA MINING REVIEW 2021-2022
•2 6.4 g/t Au over 2.0 metres (DDH TS20-003) from the Tinney Shear target •9 .3 g/t Au over 2.6 metres (DDH CG20-001) from the Cougar target •6 .2 g/t Au over 2.6 metres (DDH EO-
20-005) from the Bidou South target • 8.1 g/t Au over 5.7 metres (DDH EO21-005) from the Edna-Otter target • 11.3 g/t Au over 1.6 metres (DDH EO21-005) from the Edna-Otter target • 7.1 g/t Au over 2.5 metres (DDH EO21-016) from the Edna-Otter target Fieldwork in 2021 included detailed geological mapping, prospecting, and soil and vegetation sampling across six project areas, with the goal of identifying drill targets with potential for significant gold deposits. The next phase of exploration drilling, planned for Q4 2021 – Q1 2022, will follow up on results from the successful Phase I and Phase II drilling programs, and will also test newly developed targets at several projects that have seen only minimal previous exploration drilling. Also in 2021, the Company significantly advanced its Apex Gold Property near Snow Lake Manitoba, completing claim staking, line-cutting, an IP geophysical survey and a field exploration program consisting of geological mapping, prospecting and surficial geochemistry. This work has generated a number of very compelling targets in areas that have not been tested by historical drilling, and the Company looks forward to a maiden exploration drilling program in the coming months.
