Key facts
| Company | 55 North Mining Inc. (CSE: FFF) |
|---|---|
| Commodity | Gold |
| Location | Manitoba, Canada |
| Stage | Resource definition |
About Last Hope Property
The Last Hope Property is located approximately 23 km southeast of the mining town of Lynn Lake and is accessed by an all-weather gravel road, the Burnt Timber Mine road, to the mine site and subsequently an 8 km winter road from the Burnt Timber mine to the Property. Highways 6 and 391 connect Lynn Lake to Winnipeg and the Trans Canada Highway. Lynn Lake is also connected by railway which extends south to the Pas, Manitoba, and from there, to the rest of Canada. Lynn Lake Airport (YYL) has a 5,000 ft. paved runway that can land commercial jet aircraft.
Mineral resource estimates
4 reported estimates, newest first. Categories are as disclosed by 55 North Mining Inc.; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Effective |
|---|---|---|---|---|
| IndicatedNI 43-101 | 408 kt | 5.41 g/t | 71 koz | Sep 27, 2021 |
| InferredNI 43-101 | 1.6 Mt | 5.48 g/t | 274 koz | Sep 27, 2021 |
| IndicatedNI 43-101 | 213 kt | 5.53 g/t | 38 koz | Feb 2, 2021 |
| InferredNI 43-101 | 1.1 Mt | 5.17 g/t | 184 koz | Feb 2, 2021 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
News releases13 on file
55 North Cuts 19.42 m of 2.49 g/t Au Including 4.50 m of 5.34 g/t Au Extends Last Hope Gold Mineralization 300 Metres Along Strike
Winter diamond drilling at the Last Hope Gold Deposit in northern Manitoba extended gold mineralization 300 metres beyond the limit of the current mineral resource estimate. Hole LH26-02 returned 2.49 g/t Au over 19.42 m from 211.58 m downhole, including 4.50 m at 5.34 g/t Au, while LH26-04 cut 6.91 g/t Au over 2.56 m, including 1.33 m at 12.60 g/t Au, and LH26-07 returned 13.60 g/t Au over 1.00 m
Drill results55 North Mining Inc. Appoints Michael Thompson, P.Geo., as VP of Exploration
Michael Thompson, P.Geo., has been appointed Vice President of Exploration of 55 North Mining, effective immediately. Thompson has over 25 years of mineral exploration experience, is a founding partner of Fladgate Exploration Consulting, previously served as President and CEO of Kesselrun Resources, and held roles with Teck Resources, Placer Dome and Goldcorp. He will work on the Last Hope Gold Pr
Management55 North Mining Announces Leadership Transition: Wayne Parsons Appointed CEO and Bruce Reid Named Executive Chairman
Wayne Parsons has been appointed Chief Executive Officer of 55 North Mining Inc. (CSE:FFF), effective immediately, with Bruce Reid, CEO since the Company's formation, moving to the role of Executive Chairman of the Board. Parsons will focus on corporate growth, financing initiatives and investor engagement, while Reid will work with the Board on strategic development of the Company's assets. 55 No
Management55 North Mining Announces Closing of Flow-Through Financing
A non-brokered flow-through private placement has closed, with 1,702,800 flow-through common shares issued at $0.745 per share for gross proceeds of $1,268,586.02, with no warrants and a four-month hold period. Proceeds will fund eligible Canadian exploration expenditures at the Last Hope Gold Project in Manitoba. Exploration drilling is underway with one drill rig operating on the project, and a
Financing55 North Mining Announces Flow-Through Financing
A non-brokered flow-through private placement of 1,596,000 flow-through common shares at $0.745 per share for gross proceeds of approximately $1,189,020 is planned by 55 North Mining, expected to close on or about February 26, 2026. No warrants are being issued and the securities carry a four-month hold period. Proceeds will fund Canadian exploration expenses at the Last Hope Gold Project in Manit
Financing55 North Mining Announces Winter Exploration Drill Program at Last Hope Gold Project
A 2026 winter exploration drill program is underway at the 100%-owned Last Hope Gold Project in Manitoba, with one drill rig mobilized on site. The program will test potential extensions of mineralization southeast of the current mineral resource and refine the geological model. Drill results are expected approximately 4–6 weeks after drilling is completed, with an updated mineral resource estimat
Drill results55 North Mining Secures 100% Ownership of the Last Hope Gold Project
A required property payment has been completed on the Last Hope Gold Project in Manitoba, giving 55 North Mining 100% ownership. A drill rig is mobilizing with drilling expected to start in mid-January as part of the 2025-2026 program, targeting step-out fences of two to three holes roughly every 120 metres over an approximately 800-metre strike length south of existing zones. Drill results are ex
Acquisition55 North Mining Appoints Wayne Parsons as Executive Chair; Strengthens Leadership as the Company Advances the Last Hope Gold Project
Wayne Parsons has been appointed Executive Chair of the Board of 55 North Mining Inc., effective January 1, 2026. Parsons has over 20 years of investment experience at BMO, RBC and National Bank Financial, runs a mining-focused consulting practice covering capital markets strategy, financing execution and investor engagement, and previously served on the board of Bunker Hill Mining Corp. The Compa
Management55 North Mining Inc. Announces Completion of Third and Final Tranche of Private Placement for a Total of $4,202,000
The final tranche of a non-brokered private placement closed for gross proceeds of $200,000 through the issuance of 400,000 common shares at $0.50 per share, with no finder's shares or warrants and a four-month-plus-a-day hold period. Total raised under the offering is now $4,202,000, leaving approximately 33.25 million common shares outstanding. Proceeds will fund property payments, drilling at t
Financing55 North Mining Announces Closing of Second Tranche of Non-Brokered Private Placement Financing
The second tranche of a non-brokered private placement closed for gross proceeds of $415,000, comprising 830,000 common shares at $0.50 per share, with no finder's shares or warrants issued. Combined with the initial tranche of $3,587,000 announced October 30, 2025, total proceeds under the Offering reach $4,002,000, leaving approximately 32.83 million shares outstanding. Funds will go toward prop
Financing55 North Mining Receives Drill Permits for Last Hope Gold Project and Announces Grant of Stock Options
Formal drill authorization has been received from the Province of Manitoba for the Last Hope Gold Project near Wasekwan Lake in the Lynn Lake region, allowing mobilization for the 2025-2026 winter drill program targeting down-plunge and along-strike extensions of the mineralized system. The Board also approved the grant of 1,650,000 incentive stock options to directors, officers, employees and con
CorporateCorrection – 55 North Mining Inc. Announces An Updated Exploration Agreement with The Marcel Colomb First Nation Band
An Exploration Agreement has been signed with Marcel Colomb First Nation, setting a framework for exploration activities within MCFN Traditional Territory. Under the agreement, 55 North will issue 2 million common shares to the Marcel Colomb Band, and the Board approved a grant of 2 million stock options exercisable at $0.15 for 60 months. The company is advancing its Last Hope Gold Project in Man
Corporate