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.