1911 Gold CEO on High-Grade Targets, Mill Restart, and $4,700 Gold

1911 Gold re-established access to level 26 at the True North Mine, said CEO Sean Heinrichs. The dewatering program has reached approximately 4 metres below level 26, allowing the company to commence rehabilitation work on the level. The company will now be able to advance the diamond drilling program in the high-grade 710-711 zone, as well as commence development work necessary for production next year.

Heinrichs discussed the company's preliminary economic assessment, which outlines an 11-year mine life averaging 48,000 ounces per year, while noting that the next iteration of the PEA — due in Q1 2027 — is expected to reflect higher grades and greater production potential as new targets such as Sam Southeast Shore and Sam West are incorporated into the resource. The CEO also provides updates on mill rehabilitation, a new crushing circuit expected on site by October, and the sequencing of test mining activities, with first ore blasting imminent and mill processing targeted to begin in December, with first gold pour anticipated in early 2027. With gold prices hovering near $4,600–$4,700 per ounce, Heinrichs explains how the strong precious metals environment has accelerated the company's development timeline and capital strategy.