1911 Gold (TSXV: AUMB; US-OTCQX: AUMBF) filed a National Instrument 43-101 preliminary economic assessment technical report for its True North gold project in southeastern Manitoba.
The company controls about 62,000 ha of prospective ground that includes numerous past-producing deposits within trucking distance of the fully built and permitted True North complex. 1911 Gold is positioning to restart operations in 2027. The True North complex and surrounding exploration lands lie within and among the Hollow Water First Nation and the Black River First Nation.
Prepared by AMC Mining Consultants (Canada), the "1911 Gold True North PEA" report carries an effective date of Feb. 10, 2026, and a report date of March 27, 2026.
The PEA models a restart of production using the fully built and permitted True North mine and mill complex, including shafts, underground workings, processing and tailings management facilities. 1911 Gold estimates replacement value for that infrastructure at more than $400 million, which underpins a low upfront capital requirement and a project profitability index of 6.6. The base-case economic model assumes a gold price of US$3,000 per ounce, forecasts initial steady-state production of 58,114 ounces per year and outlines an 11-year mine life.
More information is posted at www.1911gold.com
March 30, 2026
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