1911 Gold recently announced it was consolidating its landholdings near Bissett, Manitoba, with the acquisition of the Palomar Lake and Pleiades properties. Both are about 20 km east of the company’s True North mill and former mine. The company now controls more than 58,000 hectares within and adjacent to the Archean Rice Lake greenstone belt.
The True North complex includes a modern, fully permitted 1,300 t/d mill, a tailings management area and reprocessing operation, a suspended underground gold mine, and the True North deposit. The deposit produced over 2 million oz. of gold over a mine life that spanned close to 100 years, including continuous production from 1932 to 1968 from the historic San Antonio gold mine.
The prefeasibility study prepared in 2016 for the True North mine put measured and indicated resources at 1.4 million tonnes grading 7.26 g/t gold, containing 294,000 oz., and inferred resources at 2.8 million tonnes grading 5.65 g/t gold, containing 460,000 oz. of gold.
Manitoba launched its MMDF in August 2020 with the goal of jump starting mineral and economic development projects in the province.
(This article first appeared in the Canadian Mining Journal)
