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1911 Gold Commences 2022 Tailings Reprocessing and Receives $300,000 Grant from Manitoba Mineral Development Fund
1911 Gold Commences 2022 Tailings Reprocessing and Receives $300,000 Grant from Manitoba ...
About this update from 1911 Gold Corp.
[{"type":"text","content":"\n \n \n \n 1911 Gold Commences 2022 Tailings Reprocessing and Receives $300,000 Grant from Manitoba Mineral Development Fund\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 23, 2022\n \n \n /CNW/ -\n \n 1911 Gold Corporation (\"1911 Gold\" or the \"Company\")\n \n (TSX-V: AUMB) (OTCQX: AUMBF) announces the commencement of tailings reprocessing operations at the True North complex at\n \n Bissett, Manitoba\n \n . The Company expects to process between 170,000 and 190,000 tonnes of historical tailings in 2022 to recover approximately 3,500 to 4,000 ounces of gold.\n \n \n \n \n \n \n \n \n \n Early in 2022 the Company completed a sampling program to characterize the grade, thickness, grain-size and moisture content of the tailing in the targeted resource blocks to quantify the expected gold recovery. Based on the results of this work, the Company expects to process approximately 1,200 tonnes per day at an average grade of 0.8 grams per tonne during the period of operations.\n \n \n The Company has also received approval for a\n \n $300,000\n \n grant from the Manitoba Mineral Development Fund (\"MMDF\") to support the restart of the 2022 tailings reprocessing operations. The proceeds from this grant will go directly to fund the start up costs associated with the operations, including the payroll costs during the initial ramp up period.\n \n \n The MMDF was launched by the Manitoba Government in\n \n August 2020\n \n with the specific goal of jump-starting mineral and economic development initiatives throughout the province. The MMDF is administered through the Manitoba Chambers of Commerce and aims to support new economic development opportunities that capitalize on existing assets and infrastructure across\n \n Manitoba\n \n , such as the Company's True North mine, mill and tailings facilities located at\n \n Bissett, Manitoba\n \n .\n \n \n \"We are pleased to receive this support from the MMDF as we prepare for another productive year of tailings reprocessing operations. Work completed early...