In this interview at the Commodities Global Expo 2024, Sean Heinrich, President and CEO of 1911 Gold Corporation (TSXV: AUMB) (FRA: 2KY), outlines the company’s plans for their Rice Lake property in Manitoba.
Heinrich highlights the company’s key assets and plans, including a 1,300-tonne per day mill, which suggests existing infrastructure could dramatically reduce development costs. With $30-40M required for restart, the company targets initial production of 40-50k ounces annually, scalable to 100k+ ounces, with the first gold pour expected in 2.5 years.
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