1911 Gold Files NI 43-101 Preliminary Economic Assessment Technical Report
💬 Mining investors: AUMB / AUMBF just filed its PEA for True North! Low capex, high profitability — is this Manitoba gold project on your radar?
Vancouver, British Columbia, March 27, 2026 /CNW/ – $1911 Gold Corp.(AUMBF)$is pleased to announce further to its news release dated February 10, 2026, that the Company has filed a technical report summarizing the preliminary economic assessment (“PEA”) for its 100% owned True North Gold Project (“True North” or the “Project”), which includes the mine and mill complex, located in southeastern Manitoba, Canada.
The technical report was prepared by AMC Mining Consultants (Canada) Ltd. in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The “Qualified Persons” identified in the technical report have the competence and authority to verify the authenticity and validity of the data and are independent of the Company.
The technical report, entitled “Preliminary Economic Assessment, 1911 Gold True North Gold Project”, dated March 27, 2026 and effective February 10, 2026, has been filed on SEDAR+ (www.sedarplus.ca) and is also available on the Company’s website at www.1911Gold.com.
Highlights of the True North Project PEA
The PEA outlines a robust gold mining operation that will utilize existing, constructed and permitted infrastructure, including a shaft, underground workings, processing plant and tailings management facilities. 1911 Gold estimates the replacement value of this infrastructure at over C$400 million, providing for low capital requirements and a high profitability index of 6.6. The scenario outlines an economic restart strategy based on a gold price of $3,000 per ounce, with an initial steady-state annual production of 58,114 ounces and a mine life of 11 years.
Qualified Person Statement
The scientific and technical information contained in this news release has been reviewed and approved by Michele Della Libera, Professional Geologist, Vice President, Exploration of the Company, and Seok Joon Kim, Chief Engineer of the Company, both of whom are Qualified Persons within the meaning of NI 43-101.
About 1911 Gold Corporation
1911 Gold is an advanced-stage gold exploration and development company focused on its 100% owned True North Gold Project, located on the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective land package of approximately 62,000 hectares, comprising numerous historically producing gold mines, all within trucking distance of the constructed and permitted True North mine and mill complex. 1911 Gold is preparing for a restart of operations in 2027, providing a unique near-term production opportunity with significant exploration upside. The Company’s strategy is to build a regional-scale gold mining business around a centralized, highly scalable infrastructure complex to support a long-term mining operation with social and environmental responsibility, while maintaining low mining risk and a growing mineral resource base.
1911 Gold’s True North mining complex and exploration claims are located within the traditional territory of the Hollow Water First Nation. The Company looks forward to maintaining open, collaborative and mutually respectful communication with the Hollow Water First Nation and all local stakeholders to build a mutually beneficial relationship.
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