55 North Gold reported Last Hope extension: 55 North Gold stock is 64.62 percent below its high

Published on 10/14/2026 at 04:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Drilling reached 19.42 m at 2.49 g/t Au on July 7, 2026. 55 North Gold stock last stood at CAD 0.23 versus CAD 0.65 high.

Drilling and dates shape the outlook

55 North Gold reported a 300 metre mineralization extension on July 7, 2026.
Drill hole LH26-02 returned 19.42 metres grading 2.49 g/t gold, including 4.50 metres at 5.34 g/t.
55 North Gold stock was last at CAD 0.23 on October 13, 2026, versus a CAD 0.65 52 week high.
Phase 3 drilling is expected to begin in October 2026.

FFF, CA31680F4050, Illustration mit AI erstellt.

55 North Gold reported that drilling extended Last Hope mineralization 300 metres on July 7, 2026, while 55 North Gold stock was last quoted at CAD 0.23 on October 13, 2026. The CSE quote stood 64.62 percent below the CAD 0.65 52 week high, putting the exploration result beside a sharply smaller market valuation than the yearly peak.

Last Hope drilling adds scale

According to 55 North Gold in its July 7, 2026 update, the Last Hope Gold Project program extended mineralization beyond the current resource estimate. The project is in northern Manitoba, southeast of Lynn Lake.

Simply Wall St reported that drill hole LH26-02 returned 19.42 metres grading 2.49 g/t gold, including 4.50 metres at 5.34 g/t. Another hole returned 6.91 g/t over 2.56 metres, with a 1.33 metre interval grading 12.60 g/t.

What does the extension mean?

The drilling provides a larger exploration target, but the company remains an exploration issuer rather than a producer. The same report identifies a 2021 resource estimate of 71,100 ounces of indicated gold at 5.41 g/t and 273,800 ounces of inferred gold at 5.48 g/t, figures that remain historical reference points for the project.

Financial risk is also material. Simply Wall St cited free cash flow of negative CAD 5.10 million and less than one year of cash runway in its risk analysis dated May 27, 2026. That combination means future drilling may depend on additional financing, with dilution a central consideration.

Three dated company milestones

On March 10, 2026, 55 North Mining appointed Wayne Parsons as CEO and Bruce Reid as executive chairman, according to the company website. On July 7, 2026, the company reported the Last Hope drilling extension. In July 2026, it also changed its name to 55 North Gold Inc. and elected two new directors, as listed by 6ix.

October drilling sets the next date

Junior Mining Intelligence reported that Phase 3 drilling was expected to begin in October 2026 and that an updated resource supporting a prefeasibility study was targeted for the fourth quarter of 2026. Those milestones give the market two operational markers after the July assay release.

Quote and listing context

The company website lists CSE:FFF and 32,021,997 issued and outstanding shares. The last CSE quote was CAD 0.23 on October 13, 2026 at 3:48 p.m. ET, with a 52 week range of CAD 0.17 to CAD 0.65. The listing is on the Canadian Securities Exchange in the Basic Materials and Gold industry.

Market context: Market report S&P/TSX Composite.