Summary
AUMBF Chart
1911 Gold CEO discusses underground drill success - ICYMI
1911 Gold Corp (TSX-V:AUMB, OTCQB:AUMBF, FRA:2KY) earlier this week reported results from the latest 30 drill holes completed as part of its ongoing underground exploration program at the True North mine, highlighting the discovery of a new mineralized target while continuing to expand known gold-bearing corridors. Speaking with Proactive, CEO Shaun Heinrichs said the latest update marked the beginning of a series of exploration announcements following the completion of the company's financing.
1911 Gold closes C$35.65M bought deal financing
1911 Gold Corp (TSX-V:AUMB, OTCQB:AUMBF, FRA:2KY) has closed its previously announced bought deal financing, raising gross proceeds of C$35.65 million, including the full exercise of the underwriters' over-allotment option. The financing consisted of 7.81 million units priced at C$0.64 each, 27.31 million Canadian development expenses flow-through units priced at C$0.793 each, and 11.96 million Canadian exploration expenses flow-through units priced at C$0.752 each.
1911 Gold launches $20M bought deal financing
1911 Gold Corp (TSX-V:AUMB, OTCQB:AUMBF, FRA:2KY) has entered into an agreement with Haywood Securities for a bought deal financing worth $20 million. The Manitoba-focused gold explorer will issue units priced at $0.64 each, Canadian development expense flow-through units at $0.793 each, and Canadian exploration expense flow-through units at prices ranging from $0.752 to $1.011.
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1911 Gold Corporation Profile
| Metals & Mining Industry | Materials Sector | R. Shaun Heinrichs CEO | OTC PINK Exchange | 65442J107 CUSIP |
| CA Country | 32 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
1911 Gold Corporation is a mining enterprise that dedicates its efforts towards the exploration and extraction of precious metals, with a primary focus on gold. Originally operating under the name Havilah Mining Corporation, the company underwent a rebranding in June 2019 to become 1911 Gold Corporation. It was incorporated in 2018 and has its headquarters in Vancouver, Canada. The company is distinguished by its strategic land holdings and operational assets in Manitoba, alongside its diverse exploration projects within Canada’s rich gold-mining regions.
Products and Services
- Gold Exploration and Extraction
1911 Gold Corporation’s core operation centers on the exploration for, and extraction of, gold. Leveraging sophisticated geological expertise, the company identifies and develops mining prospects with the potential for significant gold deposits. This encompasses a comprehensive range of activities from initial geological surveying to the eventual mining and processing of gold.
- True North Mine and Mill Complex
Located in Bissett, Manitoba, the True North site is a key operational asset for 1911 Gold Corporation. It features a fully integrated mine and mill complex that is central to the company’s gold production capabilities. This facility not only supports the company's exploration endeavors but also serves as a cornerstone in its gold extraction operations.
- Apex Property
The Apex property, situated near Snow Lake, Manitoba, represents another significant component of 1911 Gold Corporation’s portfolio. This area is under exploration to determine its potential for gold deposits, highlighting the company’s proactive approach in expanding its resource base through diligent geological and exploration work.
- Denton-Keefer Project
This project is located in the renowned Timmins-Porcupine Gold Camp of the Abitibi greenstone belt, an area known for its rich mineral resources. Holding a 100% interest in the Denton-Keefer project, 1911 Gold Corporation aims to tap into one of Canada’s most prolific gold-mining districts, further cementing its position in the gold mining industry.
