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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 PeterThomason Jul 30, 2022 1:54pm
333 Views
Post# 34862397

insider purchase may have hit low at 13.5 cents

insider purchase may have hit low at 13.5 centsExploration prospects are dismal.  They have lots of data but they are on to nothing.  Yes, they still get paid fat paychecks for their efforts with zero results.

Now, gold no longer closing in on $2K but is coming up from $1762 (July 28th).  Looking stronger irrespective of the dollar movements.

They should forget the exploration or reduce it dramatically.  Go to 400-500 tpd milling operation using existing reserve/resources that is sitting in the mine itself -- 1M ounces.

With tailings they can easily do 20,000 total ounces annually next 2-3 years.  And thereby get the stock price higher to again explore in earnest.  No more effing dilution please !

Shawn : You are the CEO now, so get your shyte together !

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