1911 Gold Stacks Three High-Grade Zones at True North — 36 g/t Baker, 975-Metre Depths, and a $35.6M Raise Already Closed

1911 Gold Corporation (TSXV: AUMB) released assay results on July 30, 2026 extending high-grade gold mineralization across three separate zones at its wholly-owned True North Gold Project in southeast Manitoba — one day after closing $35,650,000 in bought-deal financing.

The thirty-hole, 8,656-metre drill program tested the San Antonio Southeast (SAM SE) and Shore targets while also defining a newly identified Baker target, according to the company's July 30, 2026 news release syndicated on Junior Mining Network and Proactive Investors.

At the Baker target, hole TN-26-076 intersected 36.44 g/t gold over 1.1 metres, including 73.70 g/t over 0.5 metres, per the company's July 30, 2026 news release as reported by Proactive Investors. At SAM SE, hole TN-26-094 intersected 15.89 g/t Au over 2.70 metres at 59.00 metres downhole depth, including 40.10 g/t Au over 1.00 metre, per the same release as reported by Junior Mining Network. The Shore target contributed hole TN-26-088 at 5.99 g/t Au over 4.90 metres at 230.50 metres downhole depth, including 24.90 g/t Au over 0.70 metres, also per Junior Mining Network's reporting of the July 30 release.

Per the July 30 release as reported by Proactive Investors, those intercepts are distributed across a 720-metre strike length and extend to nearly 975 metres depth. Drilling ran from surface and from underground at Level 16, which sits at 720 metres depth, to test the down-plunge extension of the system, per Junior Mining Network.

CEO and president Shaun Heinrichs stated in the release: "These latest results continue that trend with high-grade gold mineralization confirmed over a strike length of 720 metres and up to depths approaching 975 metres."

The True North infrastructure context is material to any restart discussion. Per the company's website at 1911gold.com, the company holds over 61,647 hectares, a built and fully permitted 1,350 tpd milling facility, underground access, camp, roads, and grid power. A 2026 PEA, figures per Simply Wall St, projects 527,000 oz gold production over 11 years, a 105% IRR, CAD $391M NPV at US$3,000/oz gold, and CAD $59M initial capex.

On capital structure: the $35,650,000 bought deal closed July 29, 2026, per 1911gold.com. Per Yahoo Finance data as of July 27, 2026, total cash on hand was reported at $1 million prior to that close. Per TMX data at money.tmx.com as of July 31, 2026, the company had 310,788,888 issued and outstanding listed shares and a market cap across all classes of CAD $183,365,444. Shares closed July 31 at CAD $0.59 on volume of 775,759, with a 1.75% gain in early trading on the news release date per the Canadian Mining Journal.

For context on sector performance the week ending July 31: Minnova (MCI.V) gained 21.4%, Banyan Gold (BYN.V) added 12.5%, and Cariboo Rose (CRB.V) moved 6.7%, per the week's market digest ingested alongside the primary source material.

The broader small-cap tape as of August 6 showed the Russell 2000 breadth expanding to 67.01% from 64.03% week-over-week, per Schwab's weekly trader outlook, even as the index slipped 0.5% to 2,931.34 on Friday. Per The Street's August 7, 2026 market coverage, markets reacted to a weaker-than-expected labor report by taking a September rate move off the table, though central bank policymakers may take more signal from the lower unemployment rate as an indicator of a stable labor market.

Per the July 30, 2026 news release: ongoing results from the 30-hole program will be reported as assays are received, with Baker, SAM SE, and Shore now established as the active three-zone exploration footprint inside the permitted site.