1911 Gold Corp. Strikes Gold with Promising Assay Results
In a significant development for the precious metals sector, 1911 Gold Corporation, a Vancouver-based exploration and development company, has announced impressive assay results from its ongoing surface drill program at the True North Gold Project. The project, located within the company’s 100%-owned Rice Lake Gold property in southeast Manitoba, Canada, has become a focal point for investors and industry watchers alike.
On June 10, 2025, 1911 Gold Corp. revealed that its drilling efforts have successfully intersected up to 58.66 grams per tonne (g/t) of gold over a 1.40-meter section in the San Antonio West Zone. This discovery is part of a broader exploration initiative that has drilled a total of 3,208.0 meters across twelve drill holes. The results underscore the potential of the San Antonio West target, which is situated along the prolific San Antonio mafic unit.
The highlight of the drilling campaign was the intersection of 58.66 g/t Au over 1.40 meters at a downhole depth of 145.00 meters, as reported in drill hole TN-25-057. This section included even higher concentrations, with 63.20 g/t Au over 0.90 meters and 50.50 g/t Au over 0.50 meters. These findings are particularly noteworthy as they confirm the western and down-dip extensions of gold mineralization within the San Antonio mafic unit, extending up to 350 meters down dip and 500 meters along strike.
The True North Gold Project is not just a promising exploration site but also includes a permitted mill, camp, and tailings facility, enhancing its operational readiness. This strategic positioning within the company’s portfolio highlights 1911 Gold Corp.’s commitment to expanding its gold production capabilities.
Despite these promising results, the company’s financial metrics reflect the challenges often faced by exploration-focused entities. As of June 10, 2025, the close price of 1911 Gold Corp.’s stock was 0.205 CAD, with a 52-week high of 0.315 CAD and a low of 0.083 CAD. The market capitalization stood at 43,620,000 CAD, and the price-to-earnings ratio was reported at -4.53, indicating the company’s current lack of profitability.
Investors and stakeholders are likely to view these assay results as a positive indicator of the company’s potential for future growth. The successful expansion of the San Antonio West target could pave the way for increased production and, ultimately, profitability. As 1911 Gold Corp. continues its exploration efforts, the industry will be watching closely to see how these promising results translate into tangible outcomes.
In summary, the recent assay results from the True North Gold Project mark a significant milestone for 1911 Gold Corp., reinforcing its position as a key player in the metals and mining sector. With continued exploration and development, the company is poised to capitalize on its rich resource base, offering potential rewards for its investors and stakeholders.