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1911 Gold Enters the Next Phase of the Mill Lease Agreement with Grid Metals
1911 Gold Enters the Next Phase of the Mill Lease Agreement with Grid Metals Canada New...
About this update from 1911 Gold Corp.
[{"type":"text","content":"\n \n \n \n 1911 Gold Enters the Next Phase of the Mill Lease Agreement with Grid Metals\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 Oct. 25, 2023\n \n \n /CNW/ -\n \n 1911 Gold Corporation (\"1911 Gold\" or the \"Company\")\n \n (TSXV: AUMB) (OTC: AUMBF) is pleased to announce that, based on the positive findings received by Grid Metals Corp (\"\n \n Grid\n \n \") from the scoping study completed by the Primero Group on the True North processing mill, Grid is proceeding with the lease agreement previously announced in the news release on\n \n July 18, 2023\n \n (\n \n Link Here\n \n ).\n \n \n \n \n \n \n \n \n \n The original letter agreement provided for a 90 day period during which Grid, working with the Primero Group, would complete a technical scoping study. This scoping study would assess the viability and cost of modifying the existing True North processing mill to allow for the processing of spodumene pegmatite (lithium ore) from Grid's Donner Lake Property to produce a saleable lithium concentrate. With the positive findings from this study, Grid has the information required to proceed to the next step in the mill lease agreement and both companies are working to complete a Definitive Lease Agreement in the near term.\n \n \n \"We are pleased to be proceeding with the mill lease agreement and the positive results of the work completed by the Primero Group.\"\n \n Shaun Heinrichs\n \n , President and CEO, stated, \"We have worked closely with both companies over the last several months to provide the information required and create alternative approaches where possible to minimize the overall cost of the project. With the mill lease agreement in place, we are able to continue focusing on re-assessing the existing True North underground resource and preparing to advance other near mine project areas, such as the\n \n Central Manitoba\n \n project, to create a pipeline for future sources of gold ores.\"\n \n \n Certain terms in the original letter agreement have been modified in ord...