1911 Gold Announces Mineral Resource Estimate Update for the Ogama-Rockland Gold Project 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) is pleased to report an updated underground Mineral...
Original announcement by prnewswire on
- Company
- 1911 Gold Corporation
- Ticker
- AUMB
- Exchange
- Unavailable
- Region
- Manitoba, Canada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-08-24 04:21:50 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
1911 Gold Corporation has announced an updated Inferred Mineral Resource Estimate for its Ogama-Rockland Gold Project, totaling 3.31 million tonnes at 6.68 g/t gold for 712,000 contained ounces. The estimate, which is entirely in the Inferred category, highlights the project's high-grade profile and significant resource base, with potential for expansion along strike and down-dip. The company plans additional drilling in Q4/2026 to test these expansion areas.
Reasoning: The updated Mineral Resource Estimate for Ogama-Rockland reports a substantial Inferred gold resource of 712,000 ounces at a high grade of 6.68 g/t, indicating significant potential for the project with planned drilling to expand the resource, despite the lower confidence associated with the Inferred category.
Positive factors
- High-grade
- Significant contained metal
- Potential for resource expansion
- QP sign-off
- CIM compliant
- Detailed cut-off grade assumptions
- Underground mining method implied
Negative factors
- Entirely Inferred resource
- Uncertainty inherent in Inferred classification
Facts used in scoring: 1
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The entire resource is classified as Inferred, which is the lowest confidence category.
Evidence · table
“Inferred Resources”
Context: 3,314,000
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The resource estimate is comprised solely of Inferred Mineral Resources, indicating a lower level of geological confidence.
Evidence · text
“The 2026 MRE consists of Inferred Mineral Resources”
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: The MRE was completed and approved by Tim Maunula, P.Geo., an Independent Qualified Person under NI 43-101 standards.
Evidence · text
“The 2026 MRE was completed by Tim Maunula, P.Geo. of T. Maunula & Associates Consulting Inc., Chatham, Ontario, Canada, who is an Independent Qualified Person ("QP") under NI 43-101 standards.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade of 2.50 g/t Au used for the resource estimate is clearly stated along with its economic assumptions.
Evidence · table
“2.50 g/t Au”
Context: The 2026 MRE uses a cut-off grade of 2.50 g/t Au based on assumptions of a gold price of US$2,500/oz, an exchange rate of US$/C$ 0.72, mining operating costs of C$175.00/t, processing costs of C$38.00/t processed, haulage costs of $15.20/t mined, G&A of C$37.00/t processed and average gold recoverability of 94%.
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE follows the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines, which are consistent with NI 43-101 standards.
Evidence · table
“The 2026 MRE follows the November 29, 2019, CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines.”
Context: The effective date of the 2026 MRE is August 6, 2026, and is based upon all exploration data available up to April 20, 2026.
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document reports an updated Mineral Resource Estimate for the project.
Evidence · text
“1911 Gold Announces Mineral Resource Estimate Update for the Ogama-Rockland Gold Project”
High Recoverypositive · Story-specific tag
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The average gold recoverability of 94% used in the economic assumptions for the cut-off grade is high.
Evidence · table
“average gold recoverability of 94%”
Context: The 2026 MRE uses a cut-off grade of 2.50 g/t Au based on assumptions of a gold price of US$2,500/oz, an exchange rate of US$/C$ 0.72, mining operating costs of C$175.00/t, processing costs of C$38.00/t processed, haulage costs of $15.20/t mined, G&A of C$37.00/t processed and average gold recoverability of 94%.
High Gradepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The Inferred resource grade of 6.68 g/t Au is strong for an underground gold project, exceeding the 4 g/t threshold for strong underground gold grades.
Evidence · table
“6.68”
Context: 3,314,000
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferredOgama-Rockland · goldTonnes: 3314000Grade: 6.68Grade Unit: g/tContained Metal: 712000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ogama-Rockland
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- AUMB
Resource Data
- Category
- inferred
- Tonnes
- 3314000
- Grade
- 6.68
- Grade Unit
- g/t
- Contained Metal
- 712000
- Contained Unit
- oz
- Cutoff Grade
- 2.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-18T00:00:00.000Z
Reasoning: The updated Mineral Resource Estimate for Ogama-Rockland reports a substantial Inferred gold resource of 712,000 ounces at a high grade of 6.68 g/t, indicating significant potential for the project with planned drilling to expand the resource, despite the lower confidence associated with the Inferred category.
Positive factors
- High-grade
- Significant contained metal
- Potential for resource expansion
- QP sign-off
- CIM compliant
- Detailed cut-off grade assumptions
- Underground mining method implied
Negative factors
- Entirely Inferred resource
- Uncertainty inherent in Inferred classification
Evidence · table
“6.68”
Context: 3,314,000
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.