After we secured drill permits for our 100% owned Last Hope Gold Project in November 2025, we proceeded to mobilize a drill rig mid January to launch our winter exploration program to test extensions of the current resource.
Our 100% owned Last Hope Gold Project has a near-surface resource, ideal for low-cost trench mining of outcropping high-grade veins. We are potentially capable of near-term production in an unprecedented gold price environment.
Moving forward, as we continue our winter/spring exploration efforts, we will integrate all drill data to advance towards an updated MRE in the near future.
Our Last Hope Gold Project's 2021 Mineral Resource Estimate has an Indicated Resource of 71,100 oz Au grading 5.41 g/t, and an Inferred Resource of 273,800 oz grading 5.48 g/t - this is a reported 87% increase in indicated category from prior work.
The 55 North Mining Team is in London, U.K. at the 121 Mining Investment conference to share the latest developments from our Last Hope Gold project, including ongoing drilling, with new and existing investors from Europe.
The 55 North Mining team is in London, U.K. with Rayleigh Capital - sharing the latest from our 100% owned Last Hope Gold project, including updates from our ongoing drill campaign, and upcoming catalysts with mining specialist investors in Europe.
Last Hope remains open to the southeast, with step-out and down-plunge drilling targeting additional gold mineralization. Clear opportunity for growth ahead.
Located in a historic mining camp, our Last Hope Gold Project benefits from a legacy of discovery dating back to 1937, alongside early nickel production by Sherritt Gordon in 1935.
Our Last Hope Gold project has paved roads, rail lines, access to low-cost power, water, and is in proximity to the Lynn Lake Airport. The project's jurisdiction is further benefited by Manitoba's long history of mining, with world-class mining centers in Flin Flon and Thompson.
55 North Mining is off to Hamburg for the Hamburg Mining Conference (April 10โ11). Weโre excited to connect with global investors, partners, and industry leaders and to share our story as we continue to build momentum.
55 North Mining is in Munich today as part of an international investor roadshow where Executive Chairman Bruce Reidย will showcase the Last Hope Gold Project to a room of mining investors. Weโre excited to expand our global network and connect with both new and existing investors
We have mobilized a drill rig to our 100% owned Last Hope Gold project, and the objective of our 2026 drill program is to focus on step-out drilling to the south which is designed to test potential extensions of known mineralization and support an updated geological model.
We have an existing high-grade resource that is currently being aggressively expanded by drilling, in addition, Alamos Gold is building a 10,000 tpd processing plant just 20 miles north of our flagship Last Hope Gold Project.
We recently announced our planned 2026 winter drill program at our Last Hope Gold project. The drill rig is currently on-site, set to test for potential extensions of mineralization to the southeast of the current mineral resource.
Couloir Capital has initiated research coverage on 55 North Mining, with senior mining analyst Ron Wortel authoring a report titledย โInitiating Coverage of 55 North Mining as it Moves its Project Toward Production.โ
https://t.co/14iPeV4uYS
55 North announces a leadership transition reflecting our intention to strengthen our capital markets presence and accelerate the advancement of the Last Hope Gold project.
Read Full Press Release: https://t.co/gtSFqSrpzN
Our European Investor Roadshows in Germany and Switzerland have concluded. Thank you to our existing shareholders and new investors who joined us to hear the latest updates from the Last Hope Gold Project.