At VRIC 2026, we spoke with 1911 Gold (TSXV: AUMB) President and CEO, Shaun Heinrichs elaborated on these recent company updates and next steps. 1911 Gold owns 100% of gold assets in Manitoba and Ontario, anchored by its flagship True North Project with established infrastructure and 1.1 Moz in resources. The Company recently raised C$13.2 million through a bought-deal LIFE financing, and has engaged AMC Consultants to complete a PEA on True North, assessing the potential restart of underground mining. The PEA marks a key milestone, with trial production planned for mid-2026 to validate resources and project economics. We are honored to invite Shaun Heinrichs, President, CEO of the company, to talk about the strategy and development of 1911 Gold.
1911 Gold Corporation is located in the heart of the world-class Rice Lake gold district within the West Uchi greenstone belt. The Company holds a dominant land position with over 61,647 Hectares, a permitted milling facility, three underground mines with a combined resource of 1.1 million ounces in mineral resources, and significant upside surface exploration potential. The Company is currently drilling several new target areas on surface, within the mine footprint that extend at depth, and expects to commence underground exploration in the coming months. With over $300 million in infrastructure at the mine site and no royalties or debt, the Company is well-positioned to advance this project back to production, supported by several large shareholders, including Eric Sprott, who holds over 17 percent.
For more information, please visit their website.
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