55 North Gold
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55 north gold Overview
55 North Gold (CSE:FFF,FSE:6YF) is a Canadian exploration and development company focused on advancing the 100 percent-owned Last Hope Gold Project in the Lynn Lake region of northern Manitoba. The company is focused on expanding and advancing its existing high-grade gold resource through systematic drilling and technical evaluation in an established mining district.
The Last Hope project hosts a current NI 43-101 mineral resource totaling 71,100 ounces indicated grading 5.41 g/t gold and 273,800 ounces inferred grading 5.48 g/t gold. The deposit remains open at depth and along strike, with ongoing exploration focused on extending high-grade shoots and expanding the resource footprint.
55 North benefits from its proximity to Alamos Goldās Lynn Lake project, where construction of a 10,000-tonne-per-day processing facility commenced in 2025 and is scheduled for completion in the second half of 2027. Management is evaluating the potential for Last Hope to contribute as a satellite deposit or toll milling opportunity, subject to further technical and economic studies.
The company is led by a management team with technical, operational and capital markets experience in the Lynn Lake district. Members of the team were previously involved in Carlisle Goldfields, which was acquired by Alamos Gold in 2016, providing direct experience advancing and developing mining assets in the region.
Company Highlights
- Established high-grade resource: Last Hope hosts an NI 43-101 mineral resource of 71,100 ounces indicated grading 5.41 g/t gold and 273,800 ounces inferred grading 5.48 g/t gold.
- Expansion potential: Mineralization remains open down-plunge and along strike to the southeast.
- Strategic location: The project is located approximately 20 kilometres southeast of Lynn Lake, Manitoba, near Alamos Goldās Lynn Lake development.
- Nearby mill infrastructure: Alamos Gold is constructing a 10,000-tonne-per-day processing facility at Lynn Lake, targeted for completion in the second half of 2027.
- Potential processing synergies: Management is evaluating toll milling and satellite deposit opportunities, subject to further technical and economic studies.
- Established mining jurisdiction: The project benefits from road access, rail infrastructure, power and proximity to the Lynn Lake Airport.
- Community agreements in place: 55 North has signed Impact Benefit Agreements with the Marcel Colomb First Nation in 2023 and 2025.
- Active drilling plans: The company recently announced a winter exploration drill program targeting extensions of high-grade mineralization.
Detailed Quote
Last Hope Gold Project
Wayne Parsons - Chief Executive Officer and Director
Wayne Parsons has more than 20 years of experience in the investment industry, including roles at BMO, RBC and National Bank Financial. He advises mining companies on capital markets strategy, financing and investor engagement, and has served on several public company boards including Bunker Hill Mining.
Bruce Reid - Executive Chairman
Bruce Reid is a geologist and mining executive with more than 35 years of industry experience. He previously served as chairman, president and CEO of Carlisle Goldfields until its acquisition by Alamos Gold in 2016 and has founded and led multiple mining companies across North America.
Julio DiGirolamo - Chief Financial Officer
Julio DiGirolamo is a Chartered Professional Accountant with more than 30 years of senior-level public company experience. He previously served as CFO of Carlisle Goldfields and has extensive expertise in mining-sector financial management and reporting.
Sandra Jackson - Director
Sandra Jackson is a member of the Sagkeeng First Nation and holds a degree in economics from the University of Manitoba. She has more than 30 years of experience in community, economic and self-governance development with First Nations.
Herbert Urton - Director
Herbert Urton has extensive experience developing and managing businesses at regional, national and international levels. He currently serves as president and CEO of Resortco Properties and is a founding partner of One Sky Group.
Vance Loeber - Corporate Development
Vance Loeber has more than 30 years of international experience connecting U.S. and European investors with public resource companies seeking capital. His experience includes securing financing for large-scale mining projects including U.S. Silver and Sandspring Resources.
*Disclaimer: This profile is sponsored by 55 North Gold ( CSE:FFF ). This profile provides information which was sourced by the Investing News Network (INN) and approved by 55 North Gold in order to help investors learn more about the company. 55 North Gold is a client of INN. The company's campaign fees pay for INN to create and update this profile.
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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with 55 North Gold and seek advice from a qualified investment advisor.