55 North Gold stock: Last Hope drilling extended 300 metres

Published on 11/02/2026 at 00:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

55 North Gold stock remains focused on advancing its Last Hope project in Manitoba. New drilling supports further resource expansion work.

Exploration expands Last Hope outlook

Drilling extended gold mineralization beyond the current resource estimate.
The Last Hope deposit remains open along strike and down-plunge.
Further drilling is expected to support an updated mineral resource estimate.

FFF, CA31680F4050, Illustration mit AI erstellt.

On July 8, 2026, 55 North Gold reported results from its winter diamond drill program at the Last Hope Gold Deposit in northern Manitoba. According to Simply Wall St, the program extended gold mineralization 300 metres beyond the limit of the current mineral resource estimate.

Drilling keeps the deposit open

The reported highlights included 19.42 metres grading 2.49 grams of gold per tonne, including 4.50 metres at 5.34 grams per tonne. Another hole returned 2.56 metres at 6.91 grams per tonne, including 1.33 metres at 12.60 grams per tonne.

The company said the seven-hole program combined infill drilling with southeast step-out holes. The results indicated continuity within the resource area, while the step-outs showed that the mineralized system remains open along strike and down-plunge. The company expects the results to support targeting for additional drilling and an updated mineral resource estimate.

Resource growth remains the next focus

Last Hope is located approximately 23 kilometres southeast of Lynn Lake, Manitoba. The deposit's 2021 mineral resource estimate comprised 71,100 ounces of indicated gold at 5.41 grams per tonne and 273,800 ounces of inferred gold at 5.48 grams per tonne, according to the company information reproduced by Simply Wall St. Mineral resources are not mineral reserves and do not establish economic viability.

For investors, the exploration case depends on whether further drilling can convert open extensions into a larger and economically meaningful resource. The project remains at an exploration stage, leaving funding, permitting and future technical studies as important factors for the shares.

Company profile and competitive position

55 North Gold acquires, explores and develops precious-metal properties in Canada, with its main focus on the Last Hope gold property in Manitoba. The company holds an option for a 100 percent interest in 15 claims covering 3,513 hectares. The company website lists CSE ticker FFF and Toronto, Ontario, as its corporate location. Simply Wall St identifies Pearl Gold and Pasinex Resources as comparable companies; 55 North is the smaller, exploration-stage player among these peers.