TORONTO, Sept. 9, 2021 /CNW/ - 1911
Gold Corporation ("1911 Gold" or the
"Company") (TSXV: AUMB) (OTCQX: AUMBF) is pleased to provide
an update on its ongoing 2021 field exploration program at the 100%
owned Rice Lake properties in Manitoba.
Highlights:
- Assay values up to 50.3 g/t gold from rock grab and channel
samples of quartz-sulphide veins and altered wallrock associated
with kilometre-scale fault systems cutting a regional-scale fold in
Balmer (Red Lake)-equivalent rocks
at the Wallace project
- Assay values up to 143.3 g/t gold from grab and channel
samples of quartz-sulphide veins hosted by several parallel shear
systems cutting the margin of a belt-scale pluton and associated
porphyry intrusions at the Bidou project
- Discovery of a new high-grade showing at the Currie's
Landing project, which returned up to 33.3 g/t gold from a
shear-hosted vein associated with prominent LiDAR and AMAG
lineaments in an area of minimal bedrock exposure and no previous
drilling
Scott Anderson, Ph.D., P.Geo.,
Vice-President Exploration, stated, "Recent advances at the
Wallace and Bidou projects,
featured below, illustrate the effectiveness of our regional-scale
exploration program in generating quality targets, with clear
potential for significant discovery, in favourable geological
settings. We look forward to testing both new and advanced targets
during the next phase of exploration drilling, anticipated to
commence in Q4 2021."
Table 1: Assay
highlights (>10 g/t Au) from 2021 surface rock
sampling
|
Project
|
Sample
#
|
Easting
|
Northing
|
Zone
|
Sample
|
Assay
|
|
|
(NAD83; UTM
Z15)
|
|
material
|
(g/t
Au)1
|
Bidou
|
R12361
|
331753
|
5641366
|
Eldorado
SE
|
Quartz
vein
|
23.5
|
|
R12357
|
332183
|
5641907
|
Eldorado E
|
Quartz
vein
|
19.8
|
|
R12323
|
333790
|
5641535
|
Walton
|
Quartz
vein
|
143.3
|
|
R12333
|
333668
|
5641668
|
Walton
|
Quartz
vein
|
41.1
|
|
R12319
|
333766
|
5641622
|
Walton
|
Quartz
vein
|
31.0
|
|
R12317
|
333763
|
5641627
|
Walton
|
Quartz
vein
|
19.7
|
|
R12338
|
333571
|
5641907
|
Walton
|
Quartz
float
|
17.3
|
|
R12332
|
333658
|
5641683
|
Walton
|
Quartz
vein
|
12.4
|
Currie's
Landing
|
R14615
|
288265
|
5664534
|
Crucifer
|
Quartz
vein
|
33.3
|
Gold Horse
|
R12833
|
303940
|
5657124
|
Bard
|
Quartz
vein
|
17.1
|
Tinney
|
R13223
|
340422
|
5638006
|
Black
Bear
|
Quartz
float
|
145.8
|
|
R15491
|
340676
|
5637570
|
Big
Mack
|
Quartz
vein
|
36.9
|
|
R15477
|
340668
|
5637506
|
Big Mack
|
Quartz
vein
|
26.1
|
|
R15480
|
340817
|
5636888
|
Gunnar
|
Quartz
vein
|
15.3
|
|
R15633
|
340850
|
5637198
|
Madeline
|
Quartz
vein
|
18.2
|
Wallace
|
R15105
|
331561
|
5658040
|
Crown 10
|
Altered
wallrock
|
50.3
|
|
R15170
|
330175
|
5657168
|
South
Willi
|
Quartz
vein
|
19.0
|
|
R15177
|
330178
|
5657174
|
South
Willi
|
Quartz
vein
|
12.4
|
|
R15224
|
332083
|
5656012
|
Smoky
South
|
Quartz
vein
|
23.1
|
1Assay
values in bold indicate samples mentioned in press release dated
July 27, 2021
|
|
Wallace project
Exploration during the 2021 program at Wallace (Figure 1) has focussed mainly on the
highly prospective northwest portion of the project area. Surface
rock sampling has returned numerous high-grade gold values from
large-scale faults and shears that cut an intensely deformed and
regionally-folded package of sedimentary rocks, komatiite and
basalt flows, and iron formation, all of which are cut by gabbro,
tonalite and quartz-feldspar porphyry intrusions. These rocks are
equivalent in age to the prolific Balmer assemblage in the adjacent
Red Lake greenstone belt, which
contains the vast majority of the belt's gold endowment.
The most prospective structures identified to date at
Wallace are in the core of a
regional-scale fold – a highly favourable setting for localizing
gold-bearing fluids – and have only been tested by local shallow
historical drilling; many have no record of previous drilling.
Priority targets include the Hi-grade, Alec, Willi and Smoky vein
systems (Figure 2; Table 1), each of which has returned multiple
high-grade assays from surface sampling; outcrop stripping and
detailed mapping and sampling are ongoing.
Bidou project
Fieldwork in 2021 focused on expanding mapping and surficial
geochemistry to better understand the scale of the mineral system
identified at Bidou (Figure 1). Prospecting and detailed sampling
in the northern part of the project, adjacent to the margin of the
belt-scale Ross River pluton,
returned numerous high-grade gold values from quartz-sulphide veins
at the Eldorado, Eldorado East and
Walton prospects, two of which are associated with shallow
historical workings (Figure 3; Table 1).
Quartz-sulphide veins are hosted by a series of parallel shear
zones that have been traced on surface for up to 650 metres along
strike; exposure is typically lost under overburden to both the
northwest and southeast along these structures. The shears are
spatially associated with the marginal phase of the pluton, as well
as a distinctive porphyry plug hosted by basalt flows and
sedimentary rocks adjacent to the pluton contact. Together with the
historical Central Manitoba mine,
these high-grade showings define a corridor more than 5 kilometres
in length through the northern part of the Bidou project area, the
western parts of which have seen minimal previous work. Results of
detailed mapping and sampling, together with recently completed
surficial geochemistry will be used to define drill targets in this
highly-prospective corridor.
Outlook
The Company continues to process the large amount of new
high-quality exploration data collected during the 2021 field
exploration program, which prioritized the systematic acquisition
of surficial geochemical data, with emphasis on areas of minimal
bedrock exposure, as typically coincide with favourable
strongly-altered structures in the Rice Lake belt. The results of
the field program will be integrated with proprietary and
historical datasets to identify and prioritize targets for the next
phase of exploration drilling, planned to include at least 10,000
metres, allocated roughly equally towards defined prospective
structures with clear potential to host significant gold ounces
based on previous 1911 Gold drilling, as well as several new
targets generated from the field exploration program.
QA-QC Protocols
Sample handling, preparation and analysis are monitored through
the implementation of formal chain-of-custody procedures and
quality assurance-quality control (QA-QC) programs designed to
follow industry best practices. Grab samples from surface
exploration are assayed at the True North laboratory using
industry-standard Pb-collection fire assay on 30 g aliquots with a
gravimetric finish. Channel samples and coarse rejects from select
grab samples are submitted to Activation Laboratories Ltd.
(Actlabs) in Ancastor, Ontario,
for preparation by crushing to 80% passing 2 millimetres, riffle
splitting to obtain 250-gram aliquots, and pulverizing to 95%
passing 106 microns; the pulverizer bowl is cleaned with sand after
each sample. Pulps are analyzed by a 30-gram fire assay and AAS
finish. Assays above 5 g/t Au are re-assayed with a gravimetric
finish using a cut of the original pulp. Samples with visible gold
are analyzed by metallic screen assay, with the weighted average of
gold for the entire sample reported, based on fire assays of the
screen oversize and undersize fractions. In addition to Actlabs'
in-house QA-QC protocols, 1911 Gold inserts certified standards,
non-certified blanks and field duplicates into the sample stream at
regular intervals, such that QA-QC accounts for 10% of the total
samples submitted. Blanks are also inserted after heavily
mineralized or visible-gold–bearing samples. Results are routinely
evaluated for accuracy, precision and contamination.
Qualified Person Statement
Technical information in this news release has been reviewed and
approved by Dr. Scott Anderson,
Ph.D., P.Geo., the Company's Vice President, Exploration, and
Qualified Person as defined by Canadian National Instrument 43-101
– Standards of Disclosure for Mineral Projects.
About 1911 Gold Corporation
1911 Gold is a junior explorer that holds a highly prospective,
consolidated land package totalling more than 58,000 hectares
within and adjacent to the Archean Rice Lake greenstone belt in
Manitoba, and also owns the True
North mine and mill complex at Bissett,
Manitoba, where it is reprocessing historic tailings on a
seasonal basis. 1911 Gold believes its land package is a prime
exploration opportunity, with potential to develop a mining
district centred on the True North complex. The Company also owns
the Apex project near Snow Lake,
Manitoba and the Tully and Denton-Keefer projects near
Timmins, Ontario, and intends to
focus on both organic growth opportunities and accretive
acquisition opportunities in North
America.
1911 Gold's True North complex and exploration land package are
located within the traditional territory of the Hollow Water First
Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks
forward to maintaining open, co-operative and respectful
communication with the Hollow Water First Nation, and all local
stakeholders, in order to build mutually beneficial working
relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Ron Clayton
President and CEO
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
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Although 1911 Gold has attempted to identify important factors that
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SOURCE 1911 Gold Corporation