1911 Gold Welcomes New Board Member and Technical Advisor
Vancouver, British Columbia – August 27, 2024 – 1911 Gold Corporation (AUMB, AUMBF) is pleased to announce the appointment of Anna Ladd-Kruger to its Board of Directors as an independent director. The company is also excited to report the engagement of Éric Vinet as a key technical advisor to provide guidance on the re-development plans and strategies for the company’s resources and infrastructure.
Gary O’Connor, Executive Chair of 1911 Gold, expressed enthusiasm for Ladd-Kruger’s addition to the team. “With over 25 years’ experience in the industry, Anna brings not only exceptional financial and operational experience, but a history of working on projects entering the critical transition stages from exploration through to production.” He highlighted Ladd-Kruger’s invaluable experience in guiding companies through similar start-up scenarios as 1911 Gold, stating that she will provide essential guidance on strategy and execution as the company ramps up exploration and development of the True North mine and the greater Rice Lake gold district.
Ladd-Kruger boasts a robust career spanning over 25 years in the mining industry. Her expertise encompasses various stages of the mining process, from exploration to multi-jurisdictional operations. Prior to her retirement in 2022, she served as Chief Financial Officer (CFO) of McEwen Mining Inc., where she led financial and operational turnaround strategies and was instrumental in the McEwen Copper spin-out, holding the position of CFO and director. She has also held CFO and VP Corporate Development roles for several mining companies. Ladd-Kruger’s career began with Vale S.A.’s Thompson and Sudbury Canadian operations, followed by a stint at Kinross Gold Corporation as their North American Group Controller. She is a certified CPA and CMA, holds a Master of Economics from Queen’s University and a Bachelor of Commerce from the University of British Columbia. Notably, she also holds the Canadian Institute of Corporate Directors designation (ICD.D).
Shaun Heinrichs, President and CEO of 1911 Gold, shared his excitement about Vinet joining the company as a key technical advisor. “Working closely with 1911 Gold’s experienced team, Éric will guide the development of our mineral resources utilizing the fully developed and permitted infrastructure already in place.” He emphasized Vinet’s timely involvement as the company anticipates an updated mineral resource estimate for True North, highlighting his critical role in directing development and mining strategies for a long-term, economic operation.
Vinet brings over 30 years of progressive technical and operational experience to the table. Most recently, he served as Senior Vice President of Operations for New Gold, joining in 2019, where he also acted as General Manager at the Rainy River mine, spearheading the re-initiation of underground mining operations. Prior to this, he held the position of General Manager for Semafo Inc. at gold operations in both Niger and Burkina Faso for over 7 years. His extensive experience further includes key technical roles in several underground operations, including the El Mochito mine in Honduras for Breakwater Resources, the Nuestra Senora mine in Mexico for Scorpio Mining, African Barrick at the Bulyanhulu mine in Tanzania, and various underground operations in the Val d’Or camp. Vinet’s expertise encompasses diverse mining methods, management and oversight of capital budgeting, construction, key operational aspects, contractor management, health and safety management, and the delivery of technical documents. He holds a Bachelor of Science in Mining Engineering from Ecole Polytechnique de Montréal.
In conjunction with her appointment to the Board of Directors, Anna Ladd-Kruger has been granted incentive stock options, exercisable to purchase in aggregate up to 200,000 common shares in the capital of the Company until August 27, 2029, at an exercise price of $0.14 per share. The options vest as to one-third immediately and one-third after the first and second anniversaries of the date of grant and expire on August 27, 2029.
About 1911 Gold Corporation
1911 Gold is a junior explorer holding a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba. The company also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package presents a prime exploration opportunity with the potential to develop a mining district centered 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 is committed to maintaining open, co-operative, and respectful communication with the Hollow Water First Nation and all local stakeholders to build mutually beneficial working relationships.
