08:55 AM EDT, 09/25/2025 (MT Newswires) -- 1911 Gold ( AUMBF ) , which jumped 27% and hit 52-week highs Wednesday, said it started its first underground drill program at its wholly-owned operational and fully permitted True North Gold Project, located in Manitoba.

The company, Thursday, said the underground drill rig has been mobilized to Level 16, about 695 meters below surface, to start exploration drilling on the San Antonio Southeast (SAM SE), San Antonio West (SAM W) and new Shore exploration targets. It added that the underground drilling will be expanded to include testing the extensions of the current resource and completing infill drilling to upgrade zones identified for development in the Preliminary Economic Assessment currently underway.

The current underground drilling plan is comprised of about 25,000 meters in 122 holes and a total of 20,342 meters of surface exploration drilling in 71 holes has been completed, primarily on the SAM W and SAM SE targets. 1911 Gold ( AUMBF ) said the assay results from 11 surface drill holes at SAM SE and SAM W, totalling 5,368 meters, drilling down to depths of about 550 meters, are pending.

Shares of the company closed up $0.16 to $0.74 Wednesday on the TSX Venture Exchange.