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1911 Gold Corp V.AUMB

Alternate Symbol(s):  AUMBF

1911 Gold Corporation is a Canada-based junior exploration company. The Company holds a prospective, consolidated land package totaling approximately 63,000 hectares (ha) within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. Its Rice Lake exploration properties, totaling over 58,000 ha, are located approximately 100 kilometers (km) to the east in Ontario. Its flagship asset, the True North Complex, is located adjacent to the town of Bissett on the north shore of Rice Lake, approximately 150 km northeast of the city of Winnipeg, Manitoba. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario. The Apex exploration property is located 15 km southeast of the town of Snow Lake in north-central Manitoba and consists of five mining claims, totaling 752 ha, which are 100% owned by the Company.


TSXV:AUMB - Post by User

Post by cueball40on Aug 17, 2020 8:12pm
261 Views
Post# 31420527

Amazing samples

Amazing samplesWho n there right mind would not be a buyer here  ...i mean u dont see this everyday..this is very rare  to have these kind of grades..i  bought  in heavy today  between  .85  n  .88  ...WOWW

 

1911 Gold samples up to 858 g/t Au at Rice Lake

 

2020-08-17 08:16 ET - News Release

 

Mr. Ron Clayton reports

1911 GOLD IDENTIFIES NEW HIGH-GRADE GOLD TARGETS WITH UP TO 858 G/T GOLD FROM SURFACE GRAB SAMPLES AND PROVIDES EXPLORATION UPDATE

1911 Gold Corp. has provided initial results from the 2020 field exploration program on the 100-per-cent-owned Rice Lake gold properties in Manitoba, including high-grade gold assays obtained from surface grab sampling of several targets.

Highlights

 

  • 858.21 grams per tonne gold from the newly discovered Woodchuck target and 97.58 grams per tonne from the Lemming target, both within the Bidou project area, along kilometre-scale structures previously untested by drilling;
  • Multiple high-grade gold targets over 1.5 square kilometres on the Tinney project, which was drilled early in 2020 returning several high-grade results, including 26.42 g/t gold over 2.03 metres in drill hole TS-20-003 (see press release dated April 30, 2020);
  • 251.83 g/t gold and 250.22 g/t gold from two targets on the Gold Horse project, within a 3.5-kilometre structural corridor with numerous high-grade showings identified by grab sampling, and previously tested by only localized, close-spaced drilling;
  • 169.85 g/t gold from shear-hosted veins on the Smoky South target at Wallace Lake, in rocks equivalent in age and chemistry to the prolific Balmer assemblage in the world-class Red Lake gold camp;
  • Fieldwork is continuing across multiple project areas to follow up the exceptional grab sampling results with detailed mapping, outcrop stripping, channel sampling and surficial geochemistry, to further advance these targets toward the fully funded phase II exploration drilling program;
  • 1911 Gold has a strong balance sheet, with a cash balance of $8.6-million, including funds from the recent financing completed on July 14, 2020. Proceeds from tailings reprocessing at True North will continue to generate cash flow in Q3 and Q4 2020.
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