VANCOUVER, BC, April 11, 2024 /CNW/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB) is pleased to announce the appointment of Michele Della Libera as Vice President Exploration. Mr. Della Libera will be an integral part of updating the current National Instrument 43-101 resource for the True North underground mine as well as identifying opportunities for resource growth within the footprint of the existing infrastructure, and in the surrounding, 63,000-hectare Rice Lake green-stone belt.
"We are pleased to welcome Michele to the 1911 Gold team," stated President and CEO Shaun Heinrichs. "His extensive resource development experience will add significant strength and depth to our team and comes at a critical time where our focus is on confirming the mineral resources within the existing True North underground mine and surrounding near mine footprint. With Michele's knowledge and track record of building resources we hope to unlock the potential within the Rice Lake belt and fully utilize the existing permitted mill and mine infrastructure."
Mr. Della Libera brings over 30 years of experience as an economic geologist with a background in exploring diverse precious and base metal systems in the Americas. He most recently served as the Director of Exploration for New Gold Inc., with notable accomplishments including the exploration and delineation of the over 10 million-ounce Blackwater gold-silver deposit, currently under construction, and the exploration and reserve expansion of the C-Zone extension to the New Afton copper-gold deposit, both located in British Columbia, Canada. His background includes assignments ranging from early-stage generative exploration programs, resource delineation, deposit modeling and estimation for advanced technical studies, reserve replacement at operating mine sites and technical evaluations in support of business development initiatives. Mr. Della Libera holds a Master degree in Geological Science (Structural Geology) from the University of Pisa, Italy and is a registered Professional Geologist (P.Geo.) with the Association of Professional Geoscientist in Ontario and Engineers and Geoscientists of British Columbia.
1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 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 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
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE 1911 Gold Corporation
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