55 North Mining Achieves Full Ownership of Last Hope Gold Project

55 North Mining Inc. has announced the completion of the property payment on the Last Hope Gold Project, granting the company full ownership. This development enables 55 North to begin its 2025-2026 drilling program, with operations expected to commence mid-January. The results of the drilling are anticipated eight to ten weeks after completion, subject to laboratory processing times.

The primary objective of the planned drill program is to expand known mineralization by conducting step-out drilling to the south of existing zones. This involves drilling fences every 120 metres along an 800-metre strike length. The ultimate aim is to update the geological model and prepare for a revised mineral resource estimate later in 2026.

With gold prices currently higher than during the last estimate in 2021, new price assumptions may result in a larger reported resource. This could offer significant advantages in subsequent updates and future project assessments.