Business
1911 GOLD PROVIDES EXPLORATION UPDATE AND ANNOUNCES $5 MILLION NON-BROKERED PRIVATE PLACEMENT WITH CORPORATE LEAD INVESTMENT
1911 GOLD PROVIDES EXPLORATION UPDATE AND ANNOUNCES $5 MILLION NON-BROKERED PRIVATE PLACEMENT WIT...
About this update from 1911 Gold Corp.
[{"type":"text","content":"\n\n\n\n 1911 GOLD PROVIDES EXPLORATION UPDATE AND ANNOUNCES $5 MILLION NON-BROKERED PRIVATE PLACEMENT WITH CORPORATE LEAD INVESTMENT\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 VANCOUVER, BC\n \n\n ,\n \n\n Dec. 9, 2024\n \n\n /CNW/ -\n \n 1911 Gold Corporation\n \n (\"\n \n 1911 Gold\n \n \" or the \"\n \n Company\n \n \") (TSXV: AUMB) is pleased to provide an update on exploration strategy on the True North project, following the recently released updated 43-101 Mineral Resource Estimate (\"MRE\"). The Company also plans to complete a financing to support this strategy, by way of a non-brokered private placement of flow-through shares for aggregate proceeds of up to\n \n $5,000,000\n \n (the \"Offering\"), with a lead investment from a corporate investor.\n \n\n\n Highlights\n \n\n\n\n\n Strategic and lead investment from a high growth gold producer, whose production base does not include any assets in\n \n Canada\n \n .\n \n\n\n\n Non-brokered private placement of flow-through shares up to\n \n $5,000,000\n \n .\n \n\n\n\n Approximately 2,550 metres (\"m\") in 10 holes have been drilled to completion on testing our new near surface drill targets, with drilling now underway at the San Antonio Southeast Target.\n \n\n\n\n Two (2) of the three (3) initial new targets now drill tested with follow up expected upon review of final assay results.\n \n\n\n\n The MRE released on\n \n November 20, 2024\n \n identified a number of drill targets within areas of known mineralization for potential resource extension both down plunge and along strike outside of the veins modeled supporting the MRE.\n \n\n\n\n Assessment of the data and geological model supporting the existing 43-101 Mineral Resource Estimate for Ogama Rockland Project is underway, results of this will define the resource potential of this project as well as identify opportunities as a potential satellite gold deposit.\n \n\n\n\n Ongoing, comprehensive review of the geology and resource potential of other past producers on the property, including the\n \n Central Manitoba\n \...