The True North Gold Project in southeast Manitoba has yielded its first underground assay package from a targeted infill and delineation program. 1911 Gold Corporation (TSXV: AUMB, OTC: AUMBF, OTCQX: AUMBF, FRA: 2KY) reported results from 25 holes totaling 3,894 metres, focused on the veins planned for the early years of the mine schedule in the recent PEA (see press release dated February 10, 2026). The program concentrated on the V-810 vein within the Hinge Zone and the V-1030/V-1040 veins in the L10 Zone, both accessible from Level 16 (695 metres below surface).
The company describes the work as aimed at systematically reducing execution risk ahead of a production restart. The drilling combined infill drilling (to convert resources to higher confidence categories) and delineation drilling (to better define geometry and continuity). Results confirm continuity and, on average, returned wider intercepts than the existing geological wireframes, while assays above the cut-off grade of 2.25 g/t Au were reported using a maximum internal dilution of 2.50 m and no top capping applied. Intercepts are reported as core lengths and are estimated to represent 60% to 90% of true widths.
Table of Contents:
Key drilling results and geological interpretation
The underground program delineated an approximate 120 m long by 100 m wide zone plunging N13E/52° within the Hinge dacitic breccia and the regional Hinge shear. Mineralization is hosted by quartz-carbonate shear veins and vein breccias with sericite and chlorite alteration and disseminated pyrite. A distinct ~40 m wide higher-grade core was identified inside the broader Hinge zone. Highlight intercepts include: UG16-25-006 – 10.03 g/t Au over 1.10 m (including 14.50 g/t Au over 0.50 m); UG16-25-015 – 10.79 g/t Au over 2.20 m (including 14.60 g/t Au over 1.10 m); and UG16-25-017 – 6.62 g/t Au over 3.40 m (including 23.60 g/t Au over 0.70 m). These results reinforce continuity where the PEA model plans early mining.
Hinge (V-810) highlights
From twenty-one infill and delineation holes totaling 3,143 m, the Hinge program intercepted multiple notable intervals that often exceed the modelled vein width (model average ~1.2 m, diluted to 1.5 m in the PEA). Examples include UG16-25-031 which returned 5.02 g/t Au over 6.00 m (including 11.45 g/t Au over 1.70 m and 15.90 g/t Au over 0.80 m), and UG16-25-028 which returned 4.75 g/t Au over 2.90 m (including 10.60 g/t Au over 0.60 m). Several holes also intercepted mineralization outside current wireframes, suggesting parallel or previously unmodelled veins that could add resource tonnage once modelled and validated.
L10 (V-1030 / V-1040) highlights
The L10 infill work comprised four holes for approximately 750 m. Continuity of the V-1040/V-1030 veins was confirmed with results such as UG16-25-008 – 2.31 g/t Au over 1.30 m and UG16-25-012 – 2.60 g/t Au over 0.80 m. One deviated hole, UG16-25-009, did not hit the original target but intercepted potential vein extensions, returning 4.38 g/t Au over 1.00 m and additional intervals that may represent down-plunge extensions of V-1030/V-1040.
Program execution, exploration scope and next steps
The underground campaign began on October 1, 2026 from Level 16 with one drill; a second rig was added on November 6, 2026 to accelerate infill and delineation ahead of a production restart. Work is prioritized to upgrade resources included in the PEA mine plan and to support a planned bulk sample and test mining program scheduled for later this year. Beyond the early mine plan, 1911 Gold has been testing new targets underground at Shore and the SAM SE depth extensions, while two surface rigs target near-surface extensions at San Antonio West, SAM SE and Shore.
Implications for the PEA and what to watch next
The drill results validate key parts of the PEA and provide evidence that the veins near Level 16 are generally wider than previously modelled, which could positively affect short-term mineability and grade reconciliation in the first years of production. Management emphasizes the role of these holes in de-risking the restart plan: Shaun Heinrichs, President and CEO, noted the work supports the PEA mine schedule and the upcoming bulk sampling and test mining. Additional assay packages from Hinge and other targets will be released as assays are finalized, and new vein interpretations may feed a future resource update.
What investors should watch
Key near-term milestones include the release of remaining assay results, outcomes from the bulk sample and test mining, and any resource model updates that incorporate the newly intersected veins. The confirmation of vein continuity, the presence of a higher-grade core, and the mobilization of both underground and surface rigs are the principal operational facts that will guide near-term valuation and development decisions for True North.