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1911 Gold

Gold company, with a project stated to be in Manitoba.

Manitoba · Canada — as stated on the recordings

gold Manitoba, Canada
Sep 2025Covered
6 of 10Topics on record
1 executiveNamed on the record
Primary commodity
Gold
Jurisdiction
Manitoba
Deposit
narrow vein high-grade underground
Latest appearance
17 Sep 2025
On record
1 interview · 26 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
1.1 million ounce
Management-stated Shaun Heinrichs Sep 2025
Money on hand
$13.2 million
Management-stated Shaun Heinrichs Sep 2025
What happens next
early 2027
Management-stated Shaun Heinrichs Sep 2025
The main open question
The core assumption—maintaining a six gram per ton average from narrow veins mined no wider than 4 metres—must hold across multiple working faces to reach target throughput.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
4 independent voices on record — 23 constructive
Don Durett, John Feneck, Unknown speaker, Steve Hyland
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from 1911 Gold's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

4 independent voices — people who do not speak for the company — across 23 mentions.

23 constructive
  • Don Durett “Excellent risk-reward; going into production Q4; needs to add second deposit to reach 75K oz for payoff”
  • John Feneck “Durrett expects it to enter production in Q4 this year.”
  • Unknown speaker “Presented as an undervalued restart story with existing infrastructure, expanding targets, and a path to production.”
  • Steve Hyland “Used as an example of a deeply undervalued small-cap that later rerated sharply.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the company has a permitted mill, four underground mines with open resources at depth on a 62,000 hectare land package, and plans to produce 70–80,000 ounces profitably within two to three years.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says the company has a permitted mill, four underground mines with open resources at depth on a 62,000 hectare land package, and plans to produce 70–80,000 ounces profitably within two to three years. An outside investor noted it is a brownfield restart in Canada with a 1.5M oz resource and 1,300 tpd mill, modeled as significantly undervalued under $1 US with production acceleration potential.

▼ Bear case

The core assumption—maintaining a six gram per ton average from narrow veins mined no wider than 4 metres—must hold across multiple working faces to reach target throughput.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The core assumption—maintaining a six gram per ton average from narrow veins mined no wider than 4 metres—must hold across multiple working faces to reach target throughput. Management has not yet released a full prefeasibility study (due Q1 2026), and production is not expected until early 2027; near-term catalysts depend on unproven underground drilling and bulk sample results.

◆ Watch next

Underground drilling commences within the next month, with first results expected by end of September and follow-up holes in October and November.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Underground drilling commences within the next month, with first results expected by end of September and follow-up holes in October and November. Two large bulk samples from level 16 are scheduled for 2026 (lasting 3–5 months); a resource update targeting 30–40% expansion is due June 2026. The prefeasibility study completion in Q1 2026 is the gate to early 2027 production.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 12 statements

The deposit 5

Key takeaway. Management of 1911 Gold describes the deposit as a narrow-vein, high-grade underground system with a current resource of 1.1 million ounces and a 62,000-hectare land position (September 2025).

Read the full summary

The company reports exploration upside from two angles: they are looking to expand the resource by about another 30–40%, and also see significant potential for a doubling or a tripling of the resource overall.

What was actually said
deposit type
narrow vein high-grade underground
“they were taking what is a narrow vein high-grade underground mine”
Shaun Heinrichs· 17 Sep 2025·
exploration upside
looking to expand resource by about another 30 40%
“We'll have a resource update probably by June of next year. So, we're looking to expand the resource by about another 30 40% from what we've got right now.”
Shaun Heinrichs· 17 Sep 2025·
exploration upside
significant potential for a doubling or a tripling
“significant potential for a doubling or a tripling of our current resource within those two new targets”
Shaun Heinrichs· 17 Sep 2025·
Show the other 2 statements
resource size
1.1 million ounce
“1.1 million ounce uh gold in that deposit right now open in many different areas.”
Shaun Heinrichs· 17 Sep 2025·
resource size
62,000 hectare land position
“We have about a 62,000 hectare land position.”
Shaun Heinrichs· 17 Sep 2025·

Jurisdiction 3

Key takeaway. Management of 1911 Gold reports that its mill is permitted, with operations located in Manitoba, Canada (September 2025).

What was actually said
country
Canada
“It's in well it's very close. So it's just on the western part of the Manitoba border in Ontario.”
Shaun Heinrichs· 17 Sep 2025·
permit status
mill permitted
“Right in the heart of that is a permitted mill.”
Shaun Heinrichs· 17 Sep 2025·
region
Manitoba
“Everything's Manitoba.”
Shaun Heinrichs· 17 Sep 2025·

Technical risk 4

Key takeaway. Management of 1911 Gold acknowledges a key technical risk in its project plan.

Read the full summary

The company’s assumptions require operating four separate underground mines, each with open resource at depth, while maintaining multiple working faces to ensure sufficient grade and throughput. These assumptions also rely on mining 2-to-3-meter-wide veins (no more than 4 m wide) at an average grade of six grams per ton, figures the company states as of September 2025.

What was actually said
key assumption
four underground mines all with open resource at depth
“It's basically a regional scale land package. Right in the heart of that is a permitted mill. uh four underground mines uh all with open resource at depth”
Shaun Heinrichs· 17 Sep 2025·
key assumption
six gram per ton average
“sticking to, you know, six gram per ton average as close as possible in our mine plan”
Shaun Heinrichs· 17 Sep 2025·
key assumption
2 to 3 meter wide vein widths, mined no more than 4 m wide
“going to be getting closer to the resource size 2 to 3 meter wide vein widths. We're going to mine them no more than 4 m wide”
Shaun Heinrichs· 17 Sep 2025·
Show the other 1 statement
stated risk
need to develop multiple working faces to ensure grade resource grade level throughput
“drilling needed to be done around the resource to develop more working faces to make sure that you've got at least five to six different working areas”
Shaun Heinrichs· 17 Sep 2025·

Economics 3 statements

Economics 1

What was actually said
operating cost
70 to 80,000 ounces profitably over next two to three years
“those mines as they were were only capable of 70 to 80,000 ounces profitably. Our focus is obviously on those profitable 70 to 80,000 ounces”
Shaun Heinrichs· 17 Sep 2025·

Financing 2

Key takeaway. Management of 1911 Gold reports it has raised $13.2 million and plans to use the capital on 30,000 meters of underground drilling, exploration, development, delineation drilling, and the first 300–400 meters of a ramp (September 2025).

What was actually said
capital raised
$13.2 million
“so you also raised $13 million earlier this year.”
Shaun Heinrichs· 17 Sep 2025·
capital use
30,000 meters of underground drilling, exploration, development, delineation drilling, first 3-400 meters of ramp
“the 13.2 is going towards that 30,000 mters of underground drilling that were focused on as I said the exploration and the uh resource extension and expansion work that we also raised. Some of that money is more focused on development. So there's a component of exploration, a component of development. the development is really that delineation drilling and the first 3 400 meters of ramp”
Shaun Heinrichs· 17 Sep 2025·

Timeline 11 statements

Timeline 11

Key takeaway. Management of 1911 Gold laid out a series of milestones in September 2025.

Read the full summary

They said the first underground drill should be in place by the end of September and that underground drilling would commence within the next month, with another drill expected in October and potentially a third in November. Most of level 16 has been rehabbed in preparation for that drilling, and management aims to have the level fully operational with ventilation, electrical and communications, plus the hoist operational to the bottom of the mine. Two large bulk samples off level 16 are planned for 2026, with bulk samples expected to extend 3 to 5 months. A study is due in Q1 2026, and the company targets first production in early 2027.

What was actually said
first production
early 2027
“our goal here of course is to get into production by early 2027”
Shaun Heinrichs· 17 Sep 2025·
milestone
most of level 16 rehabbed in preparation for underground drilling
“Most of the levels been rehabbed in preparation for underground drilling.”
Shaun Heinrichs· 17 Sep 2025·
milestone
underground drilling commencement within next month
“we are commencing on an underground exploration program within the next month”
Shaun Heinrichs· 17 Sep 2025·
Show the other 8 statements
milestone
first underground drill by end of September
“Uh we expect to have our first underground drill underground uh by the end of September.”
Shaun Heinrichs· 17 Sep 2025·
milestone
another drill sometime in October
“Uh we'll have that followed up with another drill sometime in October”
Shaun Heinrichs· 17 Sep 2025·
milestone
potentially a third drill moving in in November
“and potentially a third drill moving in in November.”
Shaun Heinrichs· 17 Sep 2025·
milestone
two large bulk samples off level 16 in 2026
“We'll be looking at doing two large bulk samples off of level 16 in 2026.”
Shaun Heinrichs· 17 Sep 2025·
milestone
bulk samples extend 3 to 5 months
“I do expect those to extend for at least 3 to 5 months.”
Shaun Heinrichs· 17 Sep 2025·
milestone
level 16 fully operational with ventilation, electrical, communications
“We've got level 16, which is halfway down the mine. Uh, fully operational with ventilation, electrical, communications.”
Shaun Heinrichs· 17 Sep 2025·
milestone
hoist operational to bottom of mine
“we have the hoist operational all the way to the bottom.”
Shaun Heinrichs· 17 Sep 2025·
study due
Q1 2026
“We've goted towards Q1 2026 for the completion of the PA.”
Shaun Heinrichs· 17 Sep 2025·

Outside views 23 mentions

23 mentions by people who do not speak for the company — 23 constructive, 0 cautious, 0 neutral. These are their views, not the company's.

Don Durett
bullish
Excellent risk-reward; going into production Q4; needs to add second deposit to reach 75K oz for payoff
The Silver Market· 21 Jul 2026·
Don Durett
bullish
Going into production Q4 this year in Canada — developer pick
The Silver Market· 18 Jul 2026·
Don Durett
bullish
Developer going into production Q4 this year in Canada; potential ten-bagger.
Wise Metals Investor· 14 Jul 2026·
Don Durett
bullish
Durrett expects it to enter production in Q4 this year.
Commodity Culture· 14 Jul 2026·
Show the other 19 mentions
John Feneck
bullish
Durrett expects it to enter production in Q4 this year.
Commodity Culture· 14 Jul 2026·
Don Durett
bullish
Durrett's highest-conviction pick: 1M oz deposit entering production at 45k oz/year, phase-two 500k oz deposit, exploration upside. Free cash flow at $7,000 gold and 70k oz/year is 'a thing of beauty.'
The Silver Market· 14 Jul 2026·
Don Durett
bullish
Brownfield restart in Canada; 1.5M oz resource; 1,300 tpd mill; Eric Sprott insider; modeled as 25-bagger at $7,000 gold with $300M FCF vs $200M market cap
The Bullion Brief· 05 Jul 2026·
Don Durett
bullish
Canadian restart story (True North mine); valued on 80K oz/year at $2,200-2,300 AISC with gold at $7,000; Eric Sprott as insider; production Q1 2027; market cap ~211M
The Silver Market· 01 Jul 2026·
John Feneck
bullish
He likes the restart story and sees the financing selloff as a buying opportunity before production next year.
Investing News· 18 Jun 2026·
Unknown speaker
bullish
Presented as an undervalued restart story with existing infrastructure, expanding targets, and a path to production.
Resource Talks· 18 May 2026·
Don Durett
bullish
Held up as one of the speaker's favorite companies and surprisingly undervalued under $1 US.
The Silver Market· 16 May 2026·
Don Durett
bullish
Near production after a short construction period and still cheap.
The Silver Market· 29 Apr 2026·
Steve Hyland
bullish
Used as an example of a deeply undervalued small-cap that later rerated sharply.
VRIC Media· 16 Apr 2026·
John Feneck
bullish
He describes it as more developed and moving toward production next year.
The Deep Dive· 12 Mar 2026·
Don Durett
bullish
Sold off ~10% on a minor PEA miss but at $5,000-$6,000 gold the payback compresses from 2 years to 3-6 months. One of very few emerging Canadian mid-tier producers.
The Silver Market· 20 Feb 2026·
Don Durett
bullish
Junior developer that released a PEA for 60,000 oz/year; production expected to exceed PEA. Cited as example of sentiment being in the toilet — a development story being ignored.
The Silver Market· 16 Feb 2026·
Don Durett
bullish
He frames it as a development story where eventual production and gold prices matter more than near-term performance.
VRIC Media· 20 Jan 2026·
Don Durett
bullish
He cites the permitted mill, restart leverage, and recent breakout as reasons he liked it.
In it to Win it· 13 Nov 2025·
John Feneck
bullish
He highlights it as undervalued with a small market cap and possible production acceleration.
The Deep Dive· 24 Sep 2025·
John Feneck
bullish
He says it is likely less than two years from production and the chart is only now igniting.
Investing News· 14 Sep 2025·
John Feneck
bullish
He likes the high-grade asset and near-term production setup but notes dilution risk.
The Deep Dive· 05 May 2025·
John Feneck
bullish
He likes it as a future producer with leverage to a high gold price and substantial re-rating potential.
Investing News· 15 Apr 2025·
John Feneck
bullish
He highlights the tiny market cap, high-grade deposit, and proximity to production.
Investing News· 12 Mar 2025·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
17 Sep 2025 The Deep Dive Gold’s New Paradigm! | Shaun Heinrichs - 1911 Gold 26

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 1

Questions people ask

What is 1911 Gold's project and where is it?

1911 Gold is a resource gold company, with a project stated to be in Manitoba, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention 1911 Gold?

We track 1 interview mentioning 1911 Gold, across 1 channel (The Deep Dive).

What are investors saying about 1911 Gold?

23 independent voices — people who do not speak for the company — are on record discussing it (23 bullish). Their reasoning is quoted in the outside-view section above.

What do recent interviews with 1911 Gold cover?

The most-discussed topics on record are timeline, the deposit, technical risk, jurisdiction — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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