09:21 AM EDT, 10/07/2025 (MT Newswires) -- 1911 Gold ( AUMBF ) , which jumped near 12% and hit 52-week highs yesterday, on Tuesday announced new assay results from the surface drill program at its wholly-owned operational and fully permitted True North Gold Project, centrally located within the company's 100%-owned Rice Lake Gold property, southeast Manitoba, Canada.

Among highlights, AUMB said it intersected 12.69 G/T Au over 2.40 metres on San Antonio (SAM) Southeast and added it discovered a new Zone at True North. It noted the latest assay results are from eight drill holes for 3,557 metres targeting the SAM target and the newly identified Shore target.

"Our surface drill program at San Antonio Southeast and San Antonio West continues to demonstrate the size potential of these targets to add to the mineral resource base and potentially expand our future mining operations," said Shaun Heinrichs, President & CEO. "Developing new zones close to surface and current infrastructure provides potential operational efficiencies and expansion possibilities. We also see exciting potential at the new Shore target, our third new discovery, located south of San Antonio Southeast, which we plan to test further in the ongoing exploration drill program. We are very encouraged by the exploration drill results received to date and look forward to advancing our underground drill program using our existing infrastructure and access."

1911 Gold ( AUMBF ) in a statement said it has now completed 70 surface drill holes, for a total of 18,501.4 metres of drilling. It noted the surface exploration drill program within the True North mine footprint is focused on new targets defined by "favourable host rocks and mineralized structural settings, also supported by significant historical drill intercepts". AUMB said the most recent phase of the program consisted of two drill rigs targeting the down-dip extensions of mineralization at the SAM SE and San Antonio West targets, as well as testing the emerging Shore target. It noted the surface drilling program was completed on September 20, 2025, and the project activities have now shifted to underground exploration, resource expansion and resource delineation drilling. It also noted underground drilling commenced on October 1, 2025, with one drill rig on Level 16 (695 m below surface) within the True North gold mine. Mobilization of a second underground drill rig is planned for the second half of October.