'Fully permitted and fully operational mill': Shaun Heinrichs on 1911 Gold's path to production
Shaun Heinrichs, president and CEO of 1911 Gold (TSX-V: AUMB | OTCQX: AUMBF), spoke to Mining Stock Daily about the company's Manitoba mine operations.
With a fully permitted 1,300 tpd processing plant and underground infrastructure boasting a replacement value of over $400 million, Shaun explained how 1911 Gold is bypassing the typical decade-long permitting cycle to fast-track production.
Key topics discussed were the following:
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District-Scale Land Position: The company holds a dominant, consolidated land package (over 60,000 hectares) covering the Rice Lake Greenstone Belt, a world-class orogenic gold district.
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Significant Infrastructure in place: The asset includes a fully permitted and operational 1,300 tonnes-per-day (tpd) mill, tailings facility, and underground mine infrastructure, which significantly reduces timeline and capital requirements for production.
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High-grade exploration potential: There is compelling exploration upside with a focus on high-grade gold targets, including near-mine extensions and new belt-scale discoveries (e.g., the True North complex).
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Tier-1 mining jurisdiction: The project is located in Manitoba, Canada, a stable and mining-friendly jurisdiction with access to low-cost hydroelectric power and road access.
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Experienced Leadership Team: The company is led by a management team and board with a proven track record of discovering, developing, and operating mines.
