1911 Gold Corp V.AUMB

Amazing samples

[cueball40]

Who 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.

[fifffi]

Buffet is selling to buy Tesla :)

[omenbenz]

What's a realistic forecast short term for the stock price? Do you know what is the timeframe for starting drilling from here? Didn't see the today PR doing anything to the stock price weird. I'm In!!!

[own_quality]

What a great buying opportunity today! I loaded up on 25k shares at USD $0.595. Never thought I'd see that price again. I'm expecting Hecla to buy this one out. USD $2.50 would be about right, I think. If HL did an all stock deal, it would be an incredible deal for them.

[omenbenz]

But Hecla mining already owns Klondex Mines which in turns own 1911 gold corp,

[own_quality]

1911 is a separate company spun off from Klondex when Hecla bought the rest of the business. Subsequently, Hecla purchased some small percentage of 1911. Not sure what percentage they currently own. What they did buy cost them several times the current share price and that was when gold price was much lower. 1911 is worth at least 8 to 10 times the current market cap. This is the best deal that I

[omenbenz]

To be honest, I can't wait to see some big movements upwards, I will remain patient. very strange that despite the news about the samples, the market didn't react at all... wait and see 

[own_quality]

This company is so far off the radar. It may not see much movement until the day it's actually taken out.

[own_quality]

Now have 39k shares.

[omenbenz]

I don't have more cash to invest.  i only invest what I'm willing to loose... let's see ....