Aurum Resources offers a compelling value proposition through its highly prospective gold asset in Côte d'Ivoire, a fast-emerging gold region in West Africa. Its cost-effective exploration strategy of drill rig ownership also distinguishes it from its peers.
Aurum Resources (ASX:AUE) is a mineral exploration company primarily focused on gold through its flagship Boundiali gold project located in Côte d’Ivoire, West Africa.
Côte d'Ivoire's gold mining sector is experiencing significant growth and development, with several key projects contributing to the country's economic expansion. The overall gold mining sector in Côte d'Ivoire is supported by substantial investments in infrastructure and exploration.
Geopolitically, Côte d'Ivoire outperforms most developing countries in the world in political, legal, tax and operational risk metrics. Additionally, Côte d'Ivoire continues to make notable strides in its political stability and Absence of Violence and Terrorism Index.
Boundiali Gold Project – BD Target 1 Artisanal Working
Aurum has entered into a Bid Implementation Agreement with Mako Gold for Aurum to acquire 100 percent of the issued shares in Mako. This proposed merger will allow both Aurum and Mako security holders to benefit from the combination of Aurum’s strong balance sheet and exceptional drilling efficiencies with AU$23 million in cash at the end of December 2024 to support work programs targeted at further resource definition across Aurum and Mako’s assets in northern Côte d'Ivoire. Aurum is currently in its final phase of compulsory acquisition of remaining Mako shares after it received over 90% acceptance of MKG shares in late January 2025.
The merger is backed by a highly experienced board and management team with extensive gold experience from grassroots discovery, through to resource drill-out, feasibility studies, project finance, and production.
The Boundiali gold project in Cote d’Ivoire is located within the Boundiali Greenstone Belt, which hosts Resolute’s Syama gold operation (11.5 Moz) and the Tabakoroni deposit (1 Moz) in Mali. Neighbouring assets also include Barrick’s Tongon mine (5 Moz) and Montage Gold’s Kone project (4.5 Moz).
The Boundiali project area covers the underexplored southern extension of the Boundiali belt, where a highly deformed synclinal greenstone horizon traverses finer-grained basin sediments, and to the west, Tarkwaian clastic rocks lie in contact with a granitic margin. The project benefits from year-round road access and excellent infrastructure.
The first stage of drilling at Boundiali occurred from late October 2023 to end of November 2024 for both the BM and BD tenements (BM1 and BM2; BD1, BD2 and BD3 targets) and was designed to test below-gold-in-soil anomalies oriented along NE trending structures, define new gold prospects and define maiden JORC resources. With over 63,000m diamond holes drilled during this period, Maiden JORC gold resources estimate was delivered in late December 2024.
Drilling costs are estimated at US$45 per metre, as Aurum owns all of its eight drilling rigs and employs its operators, representing a significant value proposition relative to peers who use commercial drilling companies that charge upwards of $200 per meter. The company believes there is potential for multi-million ounce gold resources to be defined with hundreds thousands meters of drilling over years within the Boundiali Gold Project’s land holding areas.
The Boundiali gold project comprises four contiguous granted licenses: PR0808 (80 percent interest), PR0893 (80 percent and earning to 88 percent interest), PR414 (100 percent interest), and PR283 (earning to 70 percent interest). Historic exploration at PR0893 includes 93 AC drill holes and four RC holes. Airborne geophysical surveying, geological mapping and extensive soil sampling have also been performed at PR0893, while PR0808 has had 91 RC holes drilled for 6,229 metres along with geochemical analysis and modeling. Detailed geochemical sampling and drilling at PR414 revealed three strong gold anomalies and returned impressive high-grade results.
Following the renewal of its Boundali South (BST) exploration licence in September 2024, drilling at the Nyangboue deposit is planned for H1 2025 and H2 2025. Previous exploration at BST has returned impressive results, including 20 m at 10.45 g/t gold from 38 meters, and 30 m at 8.30 g/t gold from 39 m.
In May 2024, Aurum entered a strategic partnership agreement to earn up to a 70 percent interest in exploration tenement PR283, to be renamed Boundiali North (BN). Aurum, through subsidiary Plusor Global Pty Ltd, has partnered with Ivorian company Geb & Nut Resources Sarl and related party (GNRR) to explore and develop the Boundiali North (BN) tenement which covers 208.87sq km immediately north of Aurum’s BD tenement. Further to this agreement,
Aurum announced it has earned 80 percent project interest after completing more than 20,000 m of diamond core drilling.
Boundiali Project JORC Mineral Resource Estimate
Aurum has announced a maiden independent JORC mineral resource estimate of 1.59 Moz gold for its 1,037 sq. km. The Boundiali Gold Project comprises the BST, BDT1 & BDT2, BMT1 and BMT3 deposits. Drilling is ongoing on these deposits, and Aurum has identified other prospects at Boundiali which have yet to be drilled. Since October 2023, the company has completed an extensive 63,927-metre diamond drilling program. This aggressive exploration campaign has rapidly defined a significant gold resource of 50.9 Mt @ 1.0 g/t gold for 1.6 million ounces.
A 100,000 m of drilling is planned and being carried out at Boundiali using eight self-owned diamond rigs to drive resource growth with two JORC resources updates in 2025.
In 2025, Aurum plans to launch a mining exploitation licence application and complete a PFS and environment study for the Boundiali Gold Project.
Troy Flannery has more than 25 years’ experience in the mining industry, including nine years in corporate and 17 years in senior mining engineering and project development roles. He has a degree in mining engineering, masters in finance, and first class mine managers certificate of competency. Flannery has performed non-executive director roles with numerous ASX listed companies and was the CEO of Abra Mining until October 2021. He has worked at numerous mining companies, mining consultancy and contractors, including BHP, Newcrest, Xstrata, St Barbara Mines and AMC Consultants.
Dr. Caigen Wang founded Tietto Minerals (ASX:TIE), where he led the company as managing director for 13 years through private exploration, ASX listing, gold resource definition, project study and mine building to become one of Africa’s newest gold producers at its Abujar gold mine in Côte d’Ivoire. He holds a bachelor, masters and PhD in mining engineering. He is a fellow of AusIMM and a chartered professional engineer of Institution of Engineer, Australia. Wang has 13 years of mining academic experience in China University of Mining and Technology, Western Australia School of Mine and University of Alberta, and over 20 years of practical experience in mining engineering and mineral exploration in Australia, China and Africa. Other professional experience includes senior technical and management roles in mining houses, including St. Barbara, Sons of Gwalia, BHP Billiton, China Goldmines PLC and others.
Mark Strizek has nearly 30 years’ experience in the resource industry, having worked as a geologist on various gold, base metal and technology metal projects. He brings invaluable geological, technical and development expertise to Aurum, most recently as an executive director at Tietto Minerals’, which progressed from an IPO to gold production at the Abujar gold project in West Africa. Strizek has worked as an executive with management and board responsibilities in exploration, feasibility, finance and development-ready assets across Australia, West Africa, Asia and Europe.
Game-changing gold exploration at prolific Côte d’Ivoire, West Africa.
AngloGold Ashanti plc ("AngloGold Ashanti" or the "Company") has been named for the first time as a preliminary addition to the Russell 1000® or Russell 2000®, the Russell 3000®, and the Russell  Midcap ® Indexes , as part of the latest FTSE Russell 2025 U.S. Indexes reconstitution.
Final index membership will become effective after the U.S. market closes on Friday, 27 June 2025, with rebalanced index constituents reflected in trading beginning Monday, 30 June 2025.
"This is an important milestone for AngloGold Ashanti," said Alberto Calderon, Chief Executive Officer of AngloGold Ashanti. " Our inclusion in this important family of US equity market indexes will help further increase liquidity and unlock long-term value for our shareholders."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes, which belong to FTSE Russell, the global index provider. The reconstitution of the Russell U.S. Indexes ranks the 4,000 largest U.S. stocks by market capitalisation to reflect changes in the investable equity market. This year's rebalance is expected to drive more than $53 billion in passive flows, and marks one of the highest-volume trading days of the year.
AngloGold Ashanti's anticipated inclusion in these benchmark equity indexes on 27 June 2025 follows the move of the Company's primary listing to the NYSE in September 2023.
About AngloGold Ashanti
AngloGold Ashanti plc is an independent, global gold mining company with a diversified portfolio of operations, projects, and exploration activities across ten countries. Headquartered in Denver, Colorado, the Company is committed to operational excellence, disciplined capital allocation, and sustainable value creation. AngloGold Ashanti has its primary listing on the NYSE and secondary listings on the Johannesburg Stock Exchange (A2X and JSE) and the Ghana Stock Exchange (GSE).
For more information, visit: www.anglogoldashanti.com
About FTSE Russell
FTSE Russell is a leading global index provider, benchmarking approximately $18.1 trillion in assets. The Russell U.S. Indexes are designed to represent the U.S. equity market with transparent, rules-based methodologies. Beginning in 2026, FTSE Russell will transition to semi-annual reconstitutions to reflect evolving market conditions.
For more information on the 2025 reconstitution, visit: https://www.lseg.com/en/ftse-russell/russell-reconstitution#overview
JSE Sponsor: The Standard Bank of South Africa
Forward-looking statements
Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as "believe", "expect", "aim", "anticipate", "intend", "foresee", "forecast", "predict", "project", "estimate", "likely", "may", "might", "could", "should", "would", "seek", "plan", "scheduled", "possible", "continue", "potential", "outlook", "target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.
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News Provided by Business Wire via QuoteMedia
1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from twelve (12) drill holes for 3,208.0Â metres ("m") from the ongoing surface drill program at the True North Gold Project. The True North project, including a permitted mill, camp, and tailings facility, is centrally located within the Company's 100%-owned Rice Lake Gold property in southeast Manitoba, Canada .
Highlights:
San Antonio West Target
"These are some of the best results we've seen to date from the San Antonio West target.", Shaun Heinrichs , CEO and President, stated, "The drilling confirms the potential definition of high-grade ore shoots within the SAM West target zone, and further supports our geological model. These results build the case for continued underground exploration, where we see significant potential to define and expand new and existing mineral resources within the mine infrastructure."
1911 Gold has completed fifty-one (51) surface drill holes, for a total of 11,695.4 m on the current drill program, which commenced in October 2024 on new exploration targets located within the True North Gold mine footprint. The results of seven (7) new drill holes for 1,928.0 m from the San Antonio West target and five (5) initial drill holes for a total of 1,280.00 m from the Gate target are included in this release. New targets have been generated and drill tested within prospective host rocks and mineralized structural settings, including significant historical drill results. The results from nine (9) additional exploration drill holes are currently pending. Additional drill planning is underway on the San Antonio West and San Antonio Southeast targets and will commence when access to the Mine site is permitted (see press release entitled "1911 Gold Temporarily Suspends Operation at True North Complex due to Bissett Evacuation Order", dated May 30, 2025 ). The exploration drilling plan includes up to 30,000 m of drilling by the end of 2025.
S Â an Antonio West Target: Discussion of Results
Drilling completed to date has confirmed the extensions of gold mineralization within the SAM gabbro to over 600 m west of the historically mined San Antonio zone, covering an area 500 m long and over 260 m to depth, dipping 50º to the northeast. Twenty-one (21) drill holes for a total of 4,220.0 m have been completed to date on the SAM West target area.
The latest drill holes, comprised of seven (7) new drill holes for 1,928.0 m , extended the footprint of mineralization 100 m down dip from the results announced on April 30, 2025 (see press release entitled "1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West at True North") .
Drill hole TN-25-056, designed to undercut high grade gold mineralization intersected in drill hole TN-25-037 ( 1.00 m @ 8.73 g/t Au, 1.00 m @ 62.40 g/t Au and 0.70 m @ 6.09 g/t Au and 4.50 m @ 4.17 g/t Au), intersected 2.30 m @ 9.59 g/t Au, including 1.80 m @ 11.25 g/t Au and 0.50 m @ 21.30 g/t Au. Drilling successfully extended the gold mineralization approximately 50 m down dip and returned high-grade gold results.
Drill hole TN-25-057 ( 1.40 m @ 58.66 g/t Au) tested the down-dip extensions of the high-grade gold intercepts of previously released holes TN-24-043 ( 1.00 m @ 12.50 g/t Au) and TN-24-045 ( 3.70 m @ 6.84 g/t Au, including 1.40 m @ 12.40 g/t Au and 2.70 m @ 5.30 g/t Au, including 0.50 m @ 11.30 g/t Au). Drilling successfully intercepted high-grade gold mineralization approximately 160 m down dip.
Drill hole TN-25-058 ( 0.50 m @ 10.40 g/t Au) designed to test the 160 m down-dip extension of the gold mineralization from hole TN-25-056, intersected three distinct gold mineralized veins extending the multiple vein structures to 340 m depth.
Table 1: Select Significant Drill Hole Assay Results
Target Area (name) | Drill Hole (number) | From (m) | To (m) | Interval (m) | Au (g/t) |
SAM West | TN-25-039 | 10.00 | 10.50 | 0.50 | 2.95 |
64.40 | 65.30 | 0.90 | 2.86 | ||
SAM West | TN-25-041 | 21.30 | 22.20 | 0.90 | 2.59 |
SAM West | TN-25-056 | 103.10 | 105.40 | 2.30 | 9.59 |
Including | 103.10 | 104.90 | 1.80 | 11.25 | |
Including | 103.10 | 103.60 | 0.50 | 21.30 | |
SAM West | TN-25-057 | 145.00 | 146.40 | 1.40 | 58.66 |
Including | 145.00 | 145.90 | 0.90 | 63.20 | |
and | 145.90 | 146.40 | 0.50 | 50.50 | |
SAM West | TN-25-058 | 201.90 | 203.40 | 1.50 | 2.84 |
237.60 | 238.10 | 0.50 | 3.62 | ||
249.30 | 249.80 | 0.50 | 10.40 | ||
275.90 | 276.40 | 0.50 | 3.65 | ||
SAM West | TN-25-060 | 237.20 | 237.80 | 0.60 | 3.97 |
241.20 | 242.00 | 0.80 | 3.44 |
1) | Intercepts above a cut-off grade of 2.25 g/t Au |
2) | Maximum of 2.50 m internal dilution and no top capping applied |
3) | Intervals represent drill core length and are considered to represent 60% to 90% of true widths |
4) | Full Significant Assay Results included in Table 2 |
5) | Drill hole Information included in Table 3 |
Drilling has further confirmed the existence of up to three (3) vein zones hosted within the target gabbro unit, supporting the potential to mine multiple zones on levels as conducted historically (see press release entitled "1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West at True North", dated April 30, 2025 ). Planning for the next phase of drilling on the SAM West target is ongoing.
San Antonio West Target
The San Antonio West target is located west of the historically mined San Antonio zone of the True North Gold Mine. The San Antonio West target occurs within the gabbro of the San Antonio mafic unit and the intersection with the Cartwright South mineralized shear zone. The SAM gabbro hosts the majority of the known gold mineralization within the True North Mine and historically produced 1,309,351 ounces Au at an average grade of 9.33 g/t Au from San Antonio (see technical report entitled "NI 43-101 Technical Report on the True North Gold Project, Bissett, Manitoba, Canada , dated December 23 . 2024). Drilling has now confirmed gold mineralization in quartz-carbonate shear veins with sericite, chlorite, minor tourmaline alteration and up to 2% disseminated and veinlet-hosted pyrite. The target occurs as a vein system parallel to the San Antonio Mine ore body, with the same geological, alteration and mineralization characteristics. Gold mineralization has been traced over a strike length of 500 m and to 360 m down dip.
Gate  Target
The Gate target was defined to explore for potential gold mineralization on the intersection of the Cartwright South and L13 shear zones with the Shoreline Basalt unit. Five (5) drill holes, totalling 1,280.00 m (see Table 3), were completed on this target. All drill holes intercepted well-developed quartz veining hosted within sediments, with drill hole TN-25-044 intersecting 0.90 m @ 1.30 g/t Au and drill hole TN-25-049 intersecting 0.90 m @ 0.57 g/t Au. Drilling did not intersect wide sections of basalt, which host the majority of mineralization in this unit at True North. Additional interpretation is ongoing to define the basalt flows within the Shoreline Basalt unit, which in this area appear to occur as discontinuous lenses intercalated within sediments. Interpretation, modelling and drill targeting are ongoing to define potential extensions of the basalt unit hosting gold mineralization.
Site Access Update
Recent rainfall, favourable winds, and cooler temperatures have eased wildfire conditions in the region; however, the Town of Bissett and the Company's True North site remain under evacuation as a precautionary measure. Fire crews continue to make progress in the area. Company facilities have not been impacted, and the Company expects to resume site activities once it is deemed safe to do so.
Next Steps
Building on the strong results achieved to date on new exploration targets and the compelling targets to expand the current resource, 1911 Gold is advancing plans to initiate underground exploration drilling. Once site access is re-established, the Company will continue preparing multiple underground levels to facilitate this next phase of work. Targeting is well underway, focusing on high-priority areas that offer meaningful resource expansion potential and support the mine plan currently under development. Mobilization of drill rigs to key underground levels is expected later this summer. Concurrently, the Company is actively evaluating additional targets across the property and advancing the redevelopment of the high-grade, near-surface Ogama-Rockland 43-101 mineral resource, located 25 km by road east of the True North complex.
Table 2: True North; Select Drill Hole Assays | ||||||
Target Area (name) | Drill Hole (number) | From (m) | To (m) | Interval (m) | Au* (g/t) | |
SAM West | TN-25-039 | 10.00 | 10.50 | 0.50 | 2.95 | |
18.00 | 20.60 | 2.60 | 0.93 | |||
48.00 | 49.00 | 1.00 | 1.11 | |||
64.40 | 65.30 | 0.90 | 2.86 | |||
SAM West | TN-25-041 | 9.00 | 10.00 | 1.00 | 0.87 | |
20.50 | 21.30 | 0.80 | 0.87 | |||
21.30 | 22.20 | 0.90 | 2.59 | |||
22.20 | 22.80 | 0.60 | 0.76 | |||
28.40 | 29.30 | 0.90 | 2.07 | |||
Gate | TN-25-044 | 10.10 | 11.00 | 0.90 | 1.30 | |
Gate | TN-25-046 | No Significant Values | ||||
Gate | TN-25-047 | No Significant Values | ||||
Gate | TN-25-049 | 89.90 | 90.80 | 0.90 | 0.57 | |
Gate | TN-25-050 | No Significant Values | ||||
SAM West | TN-25-056 | 100.70 | 102.30 | 1.60 | 1.42 | |
103.10 | 105.40 | 2.30 | 9.59 | |||
Including | 103.10 | 104.90 | 1.80 | 11.25 | ||
Including | 103.10 | 103.60 | 0.50 | 21.30 | ||
106.80 | 112.40 | 5.60 | 1.09 | |||
SAM West | TN-25-057 | 136.60 | 140.80 | 4.20 | 0.63 | |
145.00 | 146.40 | 1.40 | 58.66 | |||
Including | 145.00 | 145.90 | 0.90 | 63.20 | ||
and | 145.90 | 146.40 | 0.50 | 50.50 | ||
147.20 | 151.00 | 3.80 | 0.60 | |||
187.30 | 187.80 | 0.50 | 0.95 | |||
201.60 | 203.40 | 1.80 | 1.06 | |||
210.50 | 211.50 | 1.00 | 0.93 | |||
217.50 | 218.00 | 0.50 | 1.93 | |||
303.40 | 304.10 | 0.70 | 1.08 | |||
SAM West | TN-25-058 | 97.10 | 97.80 | 0.70 | 1.46 | |
100.00 | 101.70 | 1.70 | 1.22 | |||
115.70 | 116.20 | 0.50 | 1.01 | |||
118.20 | 119.20 | 1.00 | 0.93 | |||
198.00 | 199.40 | 1.40 | 0.79 | |||
201.90 | 203.40 | 1.50 | 2.84 | |||
214.90 | 215.60 | 0.70 | 2.06 | |||
237.60 | 238.10 | 0.50 | 3.62 | |||
247.30 | 248.30 | 1.00 | 1.06 | |||
249.30 | 249.80 | 0.50 | 10.40 | |||
275.90 | 276.40 | 0.50 | 3.65 | |||
SAM West | TN-25-059 | 339.70 | 340.80 | 1.10 | 2.07 | |
SAM West | TN-25-060 | 215.20 | 216.30 | 1.10 | 1.87 | |
237.20 | 237.80 | 0.60 | 3.97 | |||
240.20 | 241.20 | 1.00 | 1.13 | |||
241.20 | 242.00 | 0.80 | 3.44 | |||
252.30 | 254.50 | 2.20 | 0.57 | |||
290.20 | 290.90 | 0.70 | 0.63 | |||
313.30 | 314.80 | 1.50 | 1.12 | |||
*Composites above 0.5 g/t Au and metal factor above 0.5 Au "gxm" |
Table 3: True North; Drill Hole Details
Drill Hole (Number) | `Target (Name) | Northing* | Easting*  (m) | Elevation | Azimuth (°) | Inclination (°) | Depth (m) |
TN-25-039 | SAM West | 5655810 | 311885 | 251 | 197 | -70 | 131 |
TN-25-041 | SAM West | 5655810 | 311885 | 251 | 230 | -45 | 110 |
TN-25-044 | Gate | 5655940 | 312204 | 257 | 129 | -56 | 176 |
TN-25-046 | Gate | 5655940 | 312204 | 257 | 106 | -48 | 269 |
TN-25-047 | Gate | 5655940 | 312204 | 257 | 74 | -59 | 372 |
TN-25-049 | Gate | 5655800 | 312446 | 250 | 89 | -45 | 194 |
TN-25-050 | Gate | 5655800 | 312446 | 250 | 71 | -52 | 269 |
TN-25-056 | SAM West | 5655890 | 311918 | 259 | 350 | -71 | 302 |
TN-25-057 | SAM West | 5655890 | 311918 | 259 | 327 | -57 | 320 |
TN-25-058 | SAM West | 5655895 | 311924 | 251 | 56 | -72 | 299 |
TN-25-059 | SAM West | 5655933 | 311986 | 248 | 348 | -73 | 377 |
TN-25-060 | SAM West | 5655935 | 311991 | 256 | 327 | -65 | 389 |
*Coordinates are provided in UTM NAD83 Zone 15 |
Qualified Person Statement
The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , P.Geo, Vice-President Exploration of 1911 Gold Corporation, who is a "Qualified Person" as defined under NI 43-101.
Quality Assurance/Quality Controls (QA/QC)
Core samples are collected by sawing the drill core in half along the axis, with one-half sampled, placed in plastic sample bags, labelled, sealed and the other half retained for future reference. Batches are shipped to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis. Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values equal or greater to 10.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis (Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold. Certified gold reference material samples are inserted every 20 samples and blank samples at intervals of one in every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat third-party gold analyses for 5% of all submitted sample pulps are analyzed at ALS-Chemex Laboratory, North Vancouver, Canada .
About 1911 Gold Corporation
1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares 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 . 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on organic growth and accretive acquisition opportunities in North America .
1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE 1911 Gold Corporation
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