1911 Gold Re-Enters True North Mine, Secures Grant to Accelerate Drilling and Restart Strategy

Key Highlights:

• Recommissioning of A Shaft at True North Mine opens access to key underground levels
• Level 16 unlocked for underground drilling; Level 26 found dry, reducing dewatering costs
• $286K grant secured from Manitoba Mineral Development Fund to support 2025 drill campaign

1911 Gold Corporation (TSXV: AUMB; OTCQB: AUMBF) has reached a critical inflection point in its restart strategy at the True North Mine in Bissett, Manitoba. The company announced successful recommissioning of the hoist system in the A Shaft, unlocking access to several underground levels—most notably Level 16, a strategic platform for the upcoming 30,000-metre drill program aimed at both expansion and resource definition.

The milestone marks a tangible step toward reviving underground operations at True North, a historically productive gold asset. 1911 Gold confirmed that inspection and rehabilitation efforts have already extended down to Level 26, the shaft’s deepest point at 1,145 metres, which was found to be dry—removing a significant logistical and financial obstacle typically posed by dewatering requirements.

CEO Shaun Heinrichs described the development as a "critical step forward" in the company’s restart ambitions, stating, “We now have access to some of the best targets in the underground mine and are in a position to pursue both new zones and extensions to our existing resource.”

Underground Infrastructure Paves Way for 2025 Drilling

Access to Level 16, located 695 metres below surface, provides a low-cost, high-impact vantage point to test the SAM Southeast and West targets, among others. This comes as 1911 Gold prepares to initiate a broader rehabilitation plan across Levels 3, 8, and 16. Upgrades will include electrical re-connection, ventilation, and rail alignment to support underground diamond drilling pads.

Importantly, the company has also reopened and inspected the Hinge and Cohiba access declines, enabling future development around the 007, L-13, and L-10 deposits—key zones previously highlighted in the November 2024 NI 43-101 resource update.

Financial and Technical Support Underscore Confidence

Further validating its exploration blueprint, 1911 Gold has secured a $285,636 grant from the Manitoba Mineral Development Fund (MMDF). The funding will directly support the company’s 2025 drill program, which builds on new geological insights and structural modelling refined throughout 2024.

Additionally, the company has onboarded Seok Joon Kim, P.Eng., to bolster its underground mining strategy. Working alongside Éric Vinet, Kim will oversee redevelopment and assist in integrating exploration with near-term mine planning.

The True North infrastructure is a unique asset among Canadian juniors—1911 Gold owns not just the mine, but also a fully permitted 1,300-tonne-per-day mill, tailings facility, and expansive land package covering over 61,000 hectares in the Rice Lake Greenstone Belt.

Market Watch and Outlook

While the stock remains under the radar for many investors, the combination of de-risked underground access, a funded drill campaign, and a seasoned technical team positions 1911 Gold as a potential comeback story in Canada’s junior gold sector.

With infrastructure now online and exploration poised to resume underground, the next few quarters could bring the kind of discovery or revaluation catalyst that junior gold investors often wait for.