1911 Gold Continues to Intersect High-Grade Gold in First Pass Drilling of Two Additional Targets on its Rice Lake Properties in Manitoba
TORONTO, May 20, 2020 /CNW/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSX-V: AUMB) is pleased to report the remaining results from the Phase I exploration drilling program at its 100% owned Rice Lake gold properties in Manitoba.
1911 Gold Corporation (CNW Group/1911 Gold Corporation)
Drillhole TS-20-006 returned 2.25 g/t Au over 3.7 metres, including 13.92 g/t Au over 0.5 metres; this drillhole was collared on the Tinney Shear target 50 metres southeast of previously-reported drillhole TS-20-003, which returned 26.42 g/t Au over 2.03 metres, including 50.85 g/t Au over 1.03 metres;
Four drillholes completed on the previously untested Edna-Otter target returned multiple zones of gold mineralization, highlighted by a visible gold-bearing stockwork-breccia vein system hosted by felsic porphyry, which returned 4.29 g/t Au over 3.95 metres in drillhole EO-20-002, including 6.2 g/t Au over 2.55 metres and 28.29 g/t Au over 0.5 metres;
Drillhole EO-20-001, located 100 metres along strike to the northwest of EO-20-002, yielded two significant intercepts of 0.64 g/t Au over 5.6 metres and 1.3 g/t Au over 4.1 metres, the latter including 5.14 g/t Au over 0.6 metres, both hosted by quartz vein stockworks in felsic porphyry;
Drilling at the previously untested Janet target also yielded multiple intercepts of gold mineralization over a 300 metres strike length of the target structure, highlighted by 0.96 g/t Au over 6.85 metres in drillhole JT-20-001, and 2.44 g/t Au over 5.3 metres in drillhole JT-20-003.
In Q1 2020, the Company completed an additional 2,961 metres of drilling in 9 drillholes (Table 1), to test new targets in the Tinney and Bidou project areas, and to continue testing the Tinney Shear target within the Tinney project area.
This release marks the completion of the 2019–2020 Phase I exploration drilling program, during which 28 drillholes, totaling 8,086 metres, were completed to test seven structural targets in the Bidou and Tinney project areas (see news releases dated January 30, 2020 and April 30, 2020 for previous drilling results from this program).
Dr. Scott Anderson, Vice President, Exploration, commented, "We are extremely pleased with the results of the 2019–2020 Phase I exploration drilling program, which was completed on time and under budget, with no environmental issues or safety incidents in the midst of the emerging COVID-19 pandemic. This is a testament to the diligence, hard work and dedication of our exploration team and our contractor partners. Of the 28 drillholes completed, only a single drillhole failed to yield significant gold values – noteworthy given that only one of seven targets had any record of historical drilling. We look forward to aggressively advancing these targets, identifying compelling new targets, and continuing to build long-term value for our shareholders".