VANCOUVER, B.C., Aug. 27,
2024 /CNW/ - 1911 Gold Corporation ("1911
Gold" or the "Company") (TSXV: AUMB; OTCBB: AUMBF) is
pleased to announce the appointment of Anna
Ladd-Kruger to the Board of Directors (the "Board") as an
independent director. The Company is also pleased to report the
engagement of Éric Vinet as a key technical advisor to provide
guidance on the re-development plans and strategies for the
Company's resources and infrastructure.
Gary O'Connor, Executive Chair of
the Company, commented, "The Board is thrilled to welcome Anna to
the team. With over 25 years' experience in the industry, Anna
brings not only exceptional financial and operational experience,
but a history of working on projects entering the critical
transition stages from exploration through to production. She has
served as an integral member of both executive management and as a
director for several companies working through similar start up
scenarios as 1911 Gold and will provide invaluable guidance on both
strategy and execution as we ramp up the exploration and
development of the True North mine and greater Rice Lake gold
district."
Ms. Ladd-Kruger has over 25 years of industry experience,
progressing her career through financial and operational leadership
roles at several Canadian publicly listed mining companies. She has
experience in various stages of the mining process from exploration
to multi-jurisdictional operations. Prior to retiring in
2022, Ms. Ladd-Kruger was the Chief Financial Officer (CFO) of
McEwen Mining Inc. where she was brought in to lead financial and
operational turnaround strategies and was key to the McEwen Copper
spin-out, including serving as its CFO and director. Ms.
Ladd-Kruger previously served as the CFO and VP Corporate
Development for several mining companies and began her career
working at Vale S.A.'s Thompson
and Sudbury Canadian operations before joining Kinross Gold
Corporation as their North American Group Controller. Ms.
Ladd-Kruger holds both a CPA and CMA designation, a Master of
Economics from Queen's University and a Bachelor of Commerce from
the University of British Columbia. She
also holds the Canadian Institute of Corporate Directors
designation (ICD.D).
"We are excited to have Éric join the Company as a key technical
advisor. Working closely with 1911 Gold's experienced team,
Éric will guide the development of our mineral resources
utilizing the fully developed and permitted infrastructure already
in place. With the updated mineral resource estimate at True North
expected soon, Éric's timely involvement will be critical in
providing direction for development and mining strategies that
support a long-term, economic operation." Shaun Heinrichs, President and CEO of the
Company commented. "His extensive experience with high-grade
orogenic gold deposits, both in Canada and internationally, will be invaluable
for developing a sound mine plan for the True North deposit as well
as bringing other satellite deposits at Rice Lake into
production."
Mr. Vinet brings over 30 years of progressive technical and
operational experience in the mining industry. Most recently, Mr.
Vinet was Senior Vice President of Operations for New Gold, joining
in 2019, where he also acted as General Manager at the Rainy River
mine, working to re-initiate underground mining operations. Prior
to this, Mr. Vinet was the General Manager for Semafo Inc. at gold
operations in both Niger and
Burkina Faso for over 7 years.
Prior to this, Mr. Vinet held key technical roles in several
underground operations, including at the El Mochito mine in
Honduras for Breakwater Resources
and at the Nuestra Senora mine in Mexico for Scorpio Mining. Other work
experience includes African Barrick at the Bulyanhulu mine in
Tanzania and several underground
operations in the Val d'Or camp
such as the Louvicourt Mine, Sigma mines and Kiena Gold mine. The experience achieved
throughout these years in different operations, combined with the
various mining methods utilized, management and oversight over
capital budgeting, construction, and key operational aspects, along
with contractor management, health and safety management and the
delivery of several technical documents, allow Mr. Vinet to bring a
robust skill set to our management team. Mr. Vinet holds a Bachelor
of Science in Mining Engineering from Ecole Polytechnique de
Montréal.
Anna Ladd-Kruger has been granted
incentive stock options in conjunction with her appointment to the
Board of Directors, exercisable to purchase in aggregate up to
200,000 common shares in the capital of the Company until
August 27, 2029 at an exercise price
of $0.14 per share. The options vest
as to one-third immediately and one-third after the first and
second anniversaries of the date of grant and expire on
August 27, 2029.
About 1911 Gold Corporation
1911 Gold is a junior explorer that holds a highly prospective,
consolidated land package totalling more than 63,000 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. 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 Denton-Keefer project near Timmins, Ontario, and intends to focus on
organic growth 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
Shaun Heinrichs
President and CEO
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release may contain forward-looking statements. Often,
but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and
assumptions based on information available at the time the
statements were made. Actual results or events may differ from
those predicted in these forward-looking statements. All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements, including the assumptions listed below. Although the
Company believes that these assumptions are reasonable, this list
is not exhaustive of factors that may affect any of the
forward-looking statements.
Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors which
may cause the actual results, performance or achievements to be
materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. All statements that
address expectations or projections about the future, including,
but not limited to, statements with respect to the terms of the
Offering, the use of proceeds of the Offering, the timing and
ability of the Company to close the Offering, the timing and
ability of the Company to receive necessary regulatory approvals,
the tax treatment of the securities issued under the Offering, the
timing for the Qualifying Expenditures to be renounced in favour of
the subscribers, and the plans, operations and prospects of the
Company, are forward-looking statements. Although 1911 Gold has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
All forward-looking statements contained in this news release
are given as of the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except in accordance with applicable securities
laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE 1911 Gold Corporation
