1911 Gold (TSXV: AUMB) has entered the next phase of its exploration plan, with the company this morning commencing a large underground drill program at their flagship True North Gold Project in Manitoba.
The drill program currently intends to drill test 122 holes across an aggregate 25,000 metres, with the first drill hole to be drilled at level 16, which is approximately 695 metres below surface. Exploration targets under the program include the San Antonio Southeast, San Antonio West, and Shore, with the program intending to include infill drilling while also testing the extensions of the current resource in support of an ongoing preliminary economic assessment.
The underground program is to be conducted by an initial two drill rigs, with additional rigs slated to be added to the program as new areas are accessed.
“This program is designed to rapidly expand our current resource, extend the depth extensions of recent new surface discoveries that can meaningfully enhance the scale of our operations, and delineate two trial test mining areas. With strong community support and a fully permitted mill on site, we are excited to advance towards our next phase of growth,” commented Shaun Heinrichs, CEO of 1911 Gold.
At the same time, drilling on surface has been completed, with a total of 20,342 metres drill across an aggregate 71 holes. That drill program focused largely on the San Antonio West and San Antonio Southeast targets, with assay results from 11 holes currently pending. Both targets were sufficiently tested to depths of 550 metres.
1911 Gold last traded at $0.74 on the TSX Venture.
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