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Cision Canada
23-07-2025
- Business
- Cision Canada
Power Metallic Demonstrates Positive Initial Mineralogy Results - PGE Enrichment Associated with Chalcopyrite and Cubanite
TORONTO, July 23, 2025 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) Power Metallic is pleased to provide an update on preliminary mineralogy scans preformed by IOS Geosciences based in Chicoutimi, Quebec. Detailed microscopic scans are being performed on selected mineralized samples from the Lion zone to understand the characteristics of the mineralogy. This will help inform future metallurgical recovery studies on the Lion Zone. Approximately half of the suite of over 100 samples selected to represent the various mineralized zones at Lion have been completed, and results to date are encouraging for potential conventional sulphide concentrate recovery methods. The Lion deposit has two zones of mineralization defined by drilling, consisting of a High-Grade zone and a lower grade Hanging-wall Zone. Current understanding is that the vast majority of the metal value in the deposit is contained within the High-Grade zone, consisting of semi-massive to massive copper sulphide mineralization. The scans by IOS reveal the mineralogy of the economic metals, and their host rocks. This characterization is critical for determining potential metallurgical recoveries, in particular for understanding the mineral species of the high value copper and PGEs. Of utmost importance is understanding the characteristics of the High-Grade Zone containing the bulk of the metal in the deposit. Work to date has shown that the copper mineralization is contained within coarse grained chalcopyrite and cubanite, both which should respond well to conventional sulphide concentration methods, similar to processes carried out on Sudbury type ores. Additionally, the scans have shown that the majority of PGE mineral species occur within or attached to the chalcopyrite and cubanite (Figure 1). This suggests the potential for very good recovery of these PGEs in a copper concentrate (Figure 2). In addition, the species of PGE minerals including stannopalladinite, froodite, and merenskyite are minerals that are similar to those recovered in other polymetallic ores, such as the Sudbury basin deposits and Norilsk. Overall, the character of the mineralization and the host sulphides suggest that good recoveries of both the copper minerals and the PGEs can be expected in conventional sulphide concentration recovery methods. Mineralogy and Metallurgical Timeline Mineralogy testing is expected to be complete by the end of summer. Upon completion initial scoping-level metallurgical testing will be started. Aiming to evaluate the optimal recovery method for the deposit. Targeting the start of this work prior to the commencement of the winter drill program, with initial results expected early next year. Qualified Person Joseph Campbell, VP Exploration at Power Metallic, is the qualified person who has reviewed and approved the technical disclosure contained in this news release. About Power Metallic Mines Inc. Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade Copper–PGE, Nickel, gold and silver system—toward Canada's next polymetallic mine. On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the Company now controls ~212.86 km² and roughly 50 km of prospective basin margins. Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs. Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025. It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of Saudi Arabia's JabalSaid Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit. For further information, readers are encouraged to contact: Power Metallic Mines Inc. The Canadian Venture Building 82 Richmond St East, Suite 202 Toronto, ON Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry.
Cision Canada
14-07-2025
- Business
- Cision Canada
Power Metallic Closes on Li-FT Power Land Acquisition
TORONTO, July 14, 2025 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) Power Metallic is pleased to announce it has closed on the definitive agreement dated June 9, 2025 to acquire a 100% interest in 313 mineral claims totalling 167 km² from Li-FT Power Ltd. (" Li-FT") (TSXV: LIFT) (OTCQX: LIFFF) (FRA: WS0). The claims adjoin the Company's 45.86km² Nisk property, where exploration is expanding the high–grade Lion Cu–PGE discovery and the Nisk Cu–Ni-PGE-Co deposit. Power Metallic currently holds ~212.86 km² of land in the Nisk camp, securing approximately 20 km of strike on the northern basin margin and 30 km on the southern margin that envelope the Nisk, Lion, and Tiger discoveries (Figure 1 map of regional play with new property, showing relative size with original Nisk property). Purchase Agreement Terms With the closing conditions met, including final TSX Venture Exchange approval received, Power Metallic has advanced a $700,000 cash payment to Li-FT and issued 6,000,000 common shares of the Company (the " Shares"). All the Shares have a statutory hold period of four months and a day from issuance in accordance with Canadian securities laws. 3,000,000 of the 6,000,000 Shares also bear a 12 month hold and restriction from transfer. Additionally, Li-FT retains a 0.5% NSR on all acquired claims under a royalty agreement between Li-FT and the Company effective the closing date. Certain of the claims also retain certain underlying royalties and in some cases buy back rights that were contained in previous agreements between Li-FT and prior property vendors. Qualified Person Joseph Campbell, VP Exploration at Power Metallic, is the qualified person who has reviewed and approved the technical disclosure contained in this news release. Administrative Updates The Company has appointed MNP LLP, Chartered Professional Accountants, as its new auditor. In alignment with its ongoing growth and strategic objectives, the Company elected to engage a PCAOB-registered mid-tier audit firm to support potential listings on senior stock exchanges. For the Company's recently completed Q2 ended June 30, 2025, for its interim financial statements (when filed), it will add a comparative figures note as it relates to investor relations expenses in prior periods: "Certain comparative figures have been reclassified to conform with the current year's presentation. Amounts from Investor relations have been reclassified to Shareholder Communications, Listing fees, and Advisory and Business development. This reclassification should provide greater clarity to investors regarding the breakdown of the Company's expenditures. The reclassification of comparative figures had no impact on the June 30, 2024, December 31, 2024 and 2023 statement of financial position or statement of changes in shareholders' (deficit) equity." For the FYE December 31, 2023, the total investor relations expense of $3,181,461 is reclassified as $497,134 to Shareholder Communications, $33,372 to Listing Fees, $1,784,661 to Advisory and Business Development, and $866,294 retained as Investor Relations to provide greater clarity on the nature of the expenses. About Power Metallic Mines Inc. Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade Copper–PGE, Nickel, gold and silver system—toward Canada's next polymetallic mine. On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the Company now controls ~212.86 km² and roughly 50 km of prospective basin margins. Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs. Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025. It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdom of Saudi Arabia's JabalSaid Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit. For further information, readers are encouraged to contact: Power Metallic Mines Inc. The Canadian Venture Building 82 Richmond St East, Suite 202 Toronto, ON Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. SOURCE Power Metallic Mines Inc.
Cision Canada
10-07-2025
- Business
- Cision Canada
Power Metallic Provides an Update on Summer 2025 Exploration Programs at Nisk Project
TORONTO, July 10, 2025 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVV) Power Metallic is pleased to provide an update on the current exploration activity (Q2-Q3 2025) and the planned scaling up of exploration programs in Q3-Q4 of 2025. THE BIG PICTURE Exploration is well underway for the summer to fall drilling campaign. The majority of the logging and core cutting facility upgrade (announced in the March 17, 2025, news release) has been completed allowing for faster expansion of the exploration drill program. Mobilization of project team members, drillers (RJLL Forage Drilling) and Helicopter support (Expedition) was completed for a June 9th start to the drilling program. Currently there are three (3) active drill rigs, with the fourth (4) mobilizing to site this week. Drilling is a combination of skid mounted trail accessible, and helicopter supported drills. The drills mobilized are targeting the following drilling meters by zone for the summer drilling period. 10,000-12500 meters of drilling at Lion 5,000-6,250 meters of drilling at Tiger 5,000-6,250 meters of drilling at Nisk Main, Nisk West and Nisk East As previously carried out in 2024 and Q1 2025 drilling programs, borehole EM (BHEM) surveys are being performed by Geophysique TMC on selected drill holes to identify off-hole anomalies. To date Power Metallic has had great success discovering mineralization following up on BHEM conductors. TMC will also conduct localized ground EM surveys following up on re-interpreted Airborne EM data collected in 2023 In addition to drilling, a large field crew is carrying out detailed mapping and prospecting of the property, including the recently announced land acquisition package from Li-FT Power covering the south limb of the basin containing the prospective geology for Cu-PGE-Ni deposits, and the eastern and western extensions of the Nisk-Lion-Tiger host geology (June 9, 2025, news release). Supplementing the field mapping Power Metallic has started an airborne EM/magnetic (AEM) survey carried out by Geotech Ltd covering our entire land package (approximately 1/3 completed to date), with the goal of defining EM conductors over prospective geology identified by the mapping crews. Additional to the AEM survey Power Metallic completed a LiDAR survey with LiDAR Services International (LSI). This survey will provide detailed topography with 10-20cm accuracy for all of Power Metallic's property. LSI will require approximately 10 weeks to process the topographic information. Once completed this survey will be invaluable for identifying outcrop areas for the mapping crews, particularly when overlaid with the co-collected orthorectified imagery at 10 cm pixel resolution that will be provided by LSI. Coupled with the AEM conductors the LiDAR and imagery will be excellent tools for drill site placement over prospective targets. In the background of the exploration programs Power Metallic is continuing to process detailed mineralogy studies through IOS and Elemission. These studies are designed to quantify the deportment of the Lion style mineralization, and the host rocks containing the Lion Zone. A subsequent press release in the coming weeks will provide (i) an update on the progress of the ongoing studies and (ii) explains the implications for expected metallurgical recoveries. THE EXECUTION Drill continues to develop the mineralization along the Nisk-Lion-Tiger trend (Figure 1). As drill permitting advances the target area through this host stratigraphy will be expanded. With four (4) drills operating Power Metallic expects an acceleration in discovery and expansion along this trend. Lion At Lion there are two (2) fly rigs turning with the aim of both extending Lion down dip/plunge to the SW as well as to infill gaps within the known deposit. Extension holes have been planned within an aggressive 100 x 100m grid following the modelled plunge of Lion, and accumulated BHEM conductive plates. Infill holes have been designed to add tonnes to the future mineral resource estimate. To date five (5) holes have been completed in this drill campaign with assays pending on significant mineralized zones (Figure 2). Tiger Power Metallic has scheduled one (1) drill to explore several undrilled targets (both modelled and BHEM) that are designed to expand this area into an additional mineral resource. Between Lion and Tiger There is a wide gap of no information between the currently known Lion and Tiger zones. A fourth drill (fly) is being mobilized to site this week with the goal of drilling exploratory holes between Lion and Tiger to cover this gap, as well as to evaluate targets at Tiger following up on mineralized intercepts from the early 2025 programme, as well as to test targets defined by BHEM surveys. Nisk Deposit A skid-based drill is active at Nisk East with the goal of understanding the potential that exists between Nisk and Lion, as well as targeting plates generated from recent BHEM and Airborne EM surveys. Select holes in this programme will have BHEM done. Early drilling during the Q1 2025 drilling campaign and in this campaign has encountered interesting mineralization that appears to be a hybrid of Lion and Nisk styles. To date three (3) holes have been completed in this drill campaign with assays pending on significant mineralized zones. LiFT Acquisition Update The Company is in the final stages of completing the acquisition that will add 167 km² to our existing ground (Figure 4). Increasing our land package by more than 300%. We expect to close this acquisition in the coming days and will provide a news release upon closing. Power Metallic is in the process of acquiring drill permits for the additional lands acquired, and for extending the Lion-Nisk target area. It is anticipated that these areas will be permitted for drilling during this current drill campaign. Specific areas of interest include the extension east of the Lion-Tiger stratigraphy that was acquired from Li-FT, and the western extension of the geology hosting the Nisk deposit which has indications of Ni-Cu mineralization from historical drilling. Once the AEM and LiDAR surveys are completed, and the results of prospecting sample assays are returned, drill targets will be developed in these new areas. Qualified Person Joseph Campbell, VP Exploration at Power Metallic, is the qualified person who has reviewed and approved the technical disclosure contained in this news release. About Power Metallic Mines Inc. Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade Copper–PGE, Nickel, gold and silver system—toward Canada's next polymetallic mine. On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the Company now controls ~212.86 km² and roughly 50 km of prospective basin margins. Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs. Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025. It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of Saudi Arabia's JabalSaid Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit. For further information, readers are encouraged to contact: Power Metallic Mines Inc. The Canadian Venture Building 82 Richmond St East, Suite 202 Toronto, ON Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. SOURCE Power Metallic Mines Inc.
Yahoo
20-06-2025
- Business
- Yahoo
Oregon Bancorp Announces Quarterly Dividend
SALEM, Ore., June 20, 2025--(BUSINESS WIRE)--The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN), parent company of Willamette Valley Bank, declared a quarterly dividend of $0.20 per share. The dividend is payable on July 15, 2025, to shareholders of record as of July 1, 2025. About Oregon Bancorp, Inc. Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank (Bank), a community bank headquartered in Salem, Oregon. The Bank conducts commercial and retail banking activities at four full-service branch locations in Salem, Keizer, Silverton, and Albany, Oregon. The Bank also operates four Home Loan Centers located in Oregon and Idaho. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503)485-2222 or visit our website at Forward Looking Statements Certain statements in this release may be deemed "forward-looking statements". Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. View source version on Contacts Ryan DempsterOregon Bancorp, Inc.503-485-2222Bank@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
10-06-2025
- Business
- Cision Canada
1911 Gold Intersects up to 58.66 g/t Gold over 1.40 m on San Antonio West Zone at True North
VANCOUVER, BC, June 10, 2025 /CNW/ - 1911 Gold Corporation (" 1911 Gold" or the " Company") (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from twelve (12) drill holes for 3,208.0 metres ("m") from the ongoing surface drill program at the True North Gold Project. The True North project, including a permitted mill, camp, and tailings facility, is centrally located within the Company's 100%-owned Rice Lake Gold property in southeast Manitoba, Canada. Highlights: Drilling has continued to expand the near-surface quartz vein hosted gold ("Au") mineralization on the new San Antonio West ("SAM West") target along strike and to depth San Antonio West Target Drill results confirmed the western and down dip extensions of gold mineralization within the prolific San Antonio mafic unit up to 350 m down dip and 500 m along strike, including: TN-25-057: Intersected 58.66 grams per tonne (g/t) Gold (Au) over 1.40 m at a downhole depth of 145.00 m, including 63.20 g/t Au over 0.90 m and 50.50 g/t Au over 0.50 m TN-25-056: Intersected 9.59 g/t Au over 2.30 m at a downhole depth of 103.10 m, including 11.25 g/t Au over 1.80 m, including 21.30 g/t Au over 0.50 m TN-25-058: Intersected 10.40 g/t Au over 1.00 m at a downhole depth of 249.30 m "These are some of the best results we've seen to date from the San Antonio West target.", Shaun Heinrichs, CEO and President, stated, "The drilling confirms the potential definition of high-grade ore shoots within the SAM West target zone, and further supports our geological model. These results build the case for continued underground exploration, where we see significant potential to define and expand new and existing mineral resources within the mine infrastructure." 1911 Gold has completed fifty-one (51) surface drill holes, for a total of 11,695.4 m on the current drill program, which commenced in October 2024 on new exploration targets located within the True North Gold mine footprint. The results of seven (7) new drill holes for 1,928.0 m from the San Antonio West target and five (5) initial drill holes for a total of 1,280.00 m from the Gate target are included in this release. New targets have been generated and drill tested within prospective host rocks and mineralized structural settings, including significant historical drill results. The results from nine (9) additional exploration drill holes are currently pending. Additional drill planning is underway on the San Antonio West and San Antonio Southeast targets and will commence when access to the Mine site is permitted (see press release entitled "1911 Gold Temporarily Suspends Operation at True North Complex due to Bissett Evacuation Order", dated May 30, 2025). The exploration drilling plan includes up to 30,000 m of drilling by the end of 2025. S an Antonio West Target: Discussion of Results Drilling completed to date has confirmed the extensions of gold mineralization within the SAM gabbro to over 600 m west of the historically mined San Antonio zone, covering an area 500 m long and over 260 m to depth, dipping 50° to the northeast. Twenty-one (21) drill holes for a total of 4,220.0 m have been completed to date on the SAM West target area. The latest drill holes, comprised of seven (7) new drill holes for 1,928.0 m, extended the footprint of mineralization 100 m down dip from the results announced on April 30, 2025 (see press release entitled "1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West at True North"). Drill hole TN-25-056, designed to undercut high grade gold mineralization intersected in drill hole TN-25-037 (1.00 m @ 8.73 g/t Au, 1.00 m @ 62.40 g/t Au and 0.70 m @ 6.09 g/t Au and 4.50 m @ 4.17 g/t Au), intersected 2.30 m @ 9.59 g/t Au, including 1.80 m @ 11.25 g/t Au and 0.50 m @ 21.30 g/t Au. Drilling successfully extended the gold mineralization approximately 50 m down dip and returned high-grade gold results. Drill hole TN-25-057 (1.40 m @ 58.66 g/t Au) tested the down-dip extensions of the high-grade gold intercepts of previously released holes TN-24-043 (1.00 m @ 12.50 g/t Au) and TN-24-045 (3.70 m @ 6.84 g/t Au, including 1.40 m @ 12.40 g/t Au and 2.70 m @ 5.30 g/t Au, including 0.50 m @ 11.30 g/t Au). Drilling successfully intercepted high-grade gold mineralization approximately 160 m down dip. Drill hole TN-25-058 (0.50 m @ 10.40 g/t Au) designed to test the 160 m down-dip extension of the gold mineralization from hole TN-25-056, intersected three distinct gold mineralized veins extending the multiple vein structures to 340 m depth. Table 1: Select Significant Drill Hole Assay Results 1) Intercepts above a cut-off grade of 2.25 g/t Au 2) Maximum of 2.50 m internal dilution and no top capping applied 3) Intervals represent drill core length and are considered to represent 60% to 90% of true widths 4) Full Significant Assay Results included in Table 2 5) Drill hole Information included in Table 3 Drilling has further confirmed the existence of up to three (3) vein zones hosted within the target gabbro unit, supporting the potential to mine multiple zones on levels as conducted historically (see press release entitled "1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West at True North", dated April 30, 2025). Planning for the next phase of drilling on the SAM West target is ongoing. San Antonio West Target The San Antonio West target is located west of the historically mined San Antonio zone of the True North Gold Mine. The San Antonio West target occurs within the gabbro of the San Antonio mafic unit and the intersection with the Cartwright South mineralized shear zone. The SAM gabbro hosts the majority of the known gold mineralization within the True North Mine and historically produced 1,309,351 ounces Au at an average grade of 9.33 g/t Au from San Antonio (see technical report entitled "NI 43-101 Technical Report on the True North Gold Project, Bissett, Manitoba, Canada, dated December 23. 2024). Drilling has now confirmed gold mineralization in quartz-carbonate shear veins with sericite, chlorite, minor tourmaline alteration and up to 2% disseminated and veinlet-hosted pyrite. The target occurs as a vein system parallel to the San Antonio Mine ore body, with the same geological, alteration and mineralization characteristics. Gold mineralization has been traced over a strike length of 500 m and to 360 m down dip. Gate Target The Gate target was defined to explore for potential gold mineralization on the intersection of the Cartwright South and L13 shear zones with the Shoreline Basalt unit. Five (5) drill holes, totalling 1,280.00 m (see Table 3), were completed on this target. All drill holes intercepted well-developed quartz veining hosted within sediments, with drill hole TN-25-044 intersecting 0.90 m @ 1.30 g/t Au and drill hole TN-25-049 intersecting 0.90 m @ 0.57 g/t Au. Drilling did not intersect wide sections of basalt, which host the majority of mineralization in this unit at True North. Additional interpretation is ongoing to define the basalt flows within the Shoreline Basalt unit, which in this area appear to occur as discontinuous lenses intercalated within sediments. Interpretation, modelling and drill targeting are ongoing to define potential extensions of the basalt unit hosting gold mineralization. Site Access Update Recent rainfall, favourable winds, and cooler temperatures have eased wildfire conditions in the region; however, the Town of Bissett and the Company's True North site remain under evacuation as a precautionary measure. Fire crews continue to make progress in the area. Company facilities have not been impacted, and the Company expects to resume site activities once it is deemed safe to do so. Next Steps Building on the strong results achieved to date on new exploration targets and the compelling targets to expand the current resource, 1911 Gold is advancing plans to initiate underground exploration drilling. Once site access is re-established, the Company will continue preparing multiple underground levels to facilitate this next phase of work. Targeting is well underway, focusing on high-priority areas that offer meaningful resource expansion potential and support the mine plan currently under development. Mobilization of drill rigs to key underground levels is expected later this summer. Concurrently, the Company is actively evaluating additional targets across the property and advancing the redevelopment of the high-grade, near-surface Ogama-Rockland 43-101 mineral resource, located 25 km by road east of the True North complex. *Composites above 0.5 g/t Au and metal factor above 0.5 Au "gxm" Table 3: True North; Drill Hole Details *Coordinates are provided in UTM NAD83 Zone 15 Qualified Person Statement The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera, Vice-President Exploration of 1911 Gold Corporation, who is a "Qualified Person" as defined under NI 43-101. Quality Assurance/Quality Controls (QA/QC) Core samples are collected by sawing the drill core in half along the axis, with one-half sampled, placed in plastic sample bags, labelled, sealed and the other half retained for future reference. Batches are shipped to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis. Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values equal or greater to 10.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis (Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold. Certified gold reference material samples are inserted every 20 samples and blank samples at intervals of one in every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat third-party gold analyses for 5% of all submitted sample pulps are analyzed at ALS-Chemex Laboratory, North Vancouver, Canada. About 1911 Gold Corporation 1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 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 the 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.
