1911 Gold Announces Mineral Resource Estimate Update for the Ogama-Rockland Gold Project
Original announcement by tmx on
- Company
- 1911 Gold Corporation
- Ticker
- AUMB
- Exchange
- TSX
- Region
- Manitoba, Canada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-09-17 10:31:32 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
1911 Gold announced an updated Inferred Mineral Resource Estimate for its Ogama-Rockland Gold Project in Manitoba, Canada, totaling 3.31 million tonnes at 6.68 g/t gold for 712,000 contained ounces. The estimate, which is entirely Inferred, highlights the high-grade nature of the deposit and its potential for expansion. The company plans additional drilling in Q4 2026 and has initiated metallurgical test work to further advance the project.
Reasoning: 1911 Gold announced a substantial, high-grade Inferred Mineral Resource Estimate for its Ogama-Rockland Gold Project, highlighting significant exploration upside and outlining plans for further drilling and metallurgical test work to advance the project. The high grade and contained ounces are positive, but the entirely Inferred classification warrants moderate confidence.
Positive factors
- Significant Inferred gold resource (712 koz)
- High average grade (6.68 g/t Au)
- Clear path for resource expansion with planned drilling
- QP signed and NI 43-101 compliant reporting
- Planned metallurgical test work
Negative factors
- Resource is 100% Inferred, limiting economic viability assessment
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 5
Classification and evidence
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: The disclosure includes a theoretical recovery figure, distinct from actual test results
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferredOgama-Rockland Gold Project · goldTonnes: 3314000Grade: 6.68Grade Unit: g/tContained Metal: 712000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ogama-Rockland Gold Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- AUMB
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Tim Maunula, P.Geo., Michele Della Libera, P.Geo.
- Resource group id
- resource:7dd49b9d46d666ae8dc1
- Deposit or zone
- Ogama-Rockland
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 3314000
- Grade
- 6.68
- Grade Unit
- g/t
- Contained Metal
- 712000
- Contained Unit
- oz
- Cutoff Grade
- 2.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-08-06
Lab
- Laboratory
- TSL Laboratories Inc. and ALS Ltd. and Activation Laboratories Ltd. (Actlabs) and ALS-Chemex Laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-11T00:00:00.000Z
Reasoning: The updated MRE reports a substantial Inferred gold resource at a high grade (6.68 g/t Au), which is well above the 75th percentile for similar deposit types, indicating significant potential. However, the entire resource being Inferred limits its current economic viability assessment.
Positive factors
- High average grade (6.68 g/t Au) for an underground gold project
- Significant contained gold (712,000 oz)
- QP signed and NI 43-101 compliant reporting
- Cut-off grade of 2.50 g/t Au is clearly disclosed
Negative factors
- Resource is 100% Inferred, which is the lowest confidence category and cannot support economic studies alone
Evidence · table
“Inferred Resources”
Context: 3,314,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Metallurgical Results (1)
metallurgical recovery test workOgama-Rockland Gold Project · goldRecovery: 94 %View all detailsHide details
Identity
- Project
- Ogama-Rockland Gold Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- AUMB
Test Work
- Program Status
- scoping
- Test Type
- metallurgical recovery test work
- Sample
- composite sample from the recent Ogama-Rockland drill core
Recovery
- Recovery
- 94 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- ALS Canada Ltd. (Metallurgy Services), Kamloops, Canada
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-11T00:00:00.000Z
Reasoning: The document mentions planned metallurgical test work and an assumed recovery for the MRE cut-off calculation, but no actual results are presented, making it a forward-looking statement rather than a current fact.
Positive factors
- Planned metallurgical test work is a necessary step for project de-risking
Negative factors
- No actual recovery results yet; the 94% is an assumption for the MRE, not a test outcome
Evidence · text
“average gold recoverability of 94%”
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.