New Risk • May 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.1m free cash flow). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.9m market cap, or US$9.35m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Tillkännagivande • Apr 17
55 North Mining Inc., Annual General Meeting, Jun 22, 2026 55 North Mining Inc., Annual General Meeting, Jun 22, 2026. New Risk • Mar 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.2m (US$8.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$37k). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.2m market cap, or US$8.92m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Tillkännagivande • Feb 05
55 North Mining Inc. announced that it expects to receive CAD 1.18902 million in funding 55 North Mining Inc. announced a non-brokered flow-through private placement to issue 1,596,000 flow-through common shares (the “FT Shares”) at a price of CAD 0.745 per FT Share for aggregate gross proceeds of approximately CAD 1,189,020 on February 4, 2026. No warrants are being issued in connection with the Private Placement. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is expected to close on or about February 26, 2026, subject to customary closing conditions and regulatory approvals. New Risk • Jan 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.3m (US$9.62m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$37k). Shareholders have been substantially diluted in the past year (160% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.3m market cap, or US$9.62m). Tillkännagivande • Jan 01
55 North Mining Inc. Appoints Wayne Parsons as Executive Chair, Effective January 1, 2026 55 North Mining Inc. announced the appointment of Wayne Parsons as Executive Chair of the Board, effective January 1, 2026. Mr. Parsons brings over 20 years of experience in the investment business, having worked at BMO, RBC and most recently at National Bank Financial. He has since established a consulting practice focused on the mining sector and provides strategic advisory services to mining companies focused on capital markets strategy, financing execution and investor engagement. Mr. Parsons has served on a number of boards, most recently with Bunker Hill Mining Corp. Tillkännagivande • Oct 10
55 North Mining Inc. announced that it expects to receive CAD 6 million in funding 55 North Mining Inc announced a non-brokered private placement to issue 12,000,000 common shares at a price of CAD 0.5 per share for aggregate gross proceeds of CAD 6,000,000 on October 10, 2025. The transaction is expected to close on or about October 15, 2025. and is subject to all required regulatory approvals including approval from the CSE. The Company currently has approximately 24.5 million common shares issued and outstanding. Upon completion of the Offering, and assuming the maximum 12,000,000 shares are issued, the Company would have approximately 36.5 million common shares outstanding. New Risk • Jun 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (97% average weekly change). Negative equity (-CA$1.4m). Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.57m market cap, or US$3.33m). Tillkännagivande • May 23
55 North Mining Inc. announced that it expects to receive CAD 0.6 million in funding 55 North Mining Inc. announced anon-brokered private placement issuing 60,000,000 units at a price of CAD 0.01 for gross proceeds of CAD 600,000 on May 22, 2025. Each unit comprises one common share and one common share purchase warrant, entitling the holder to acquire one additional common share at a price of CAD 0.01 per share for a period of 48 months from the date of issuance. All common shares issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance. Board Change • Mar 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Sandra Jackson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Sandra Jackson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 13
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 50% to CA$0.01. The fair value is estimated to be CA$0.014, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Tillkännagivande • Apr 10
55 North Mining Inc., Annual General Meeting, Jun 20, 2024 55 North Mining Inc., Annual General Meeting, Jun 20, 2024. New Risk • Aug 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$486k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$486k free cash flow). Shares are highly illiquid. Negative equity (-CA$136k). Earnings have declined by 3.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.85m market cap, or US$5.78m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Tillkännagivande • May 04
55 North Mining Inc. announced that it has received CAD 0.04 million in funding On May 3, 2023, 55 North Mining Inc. closed the transaction. The company amended the terms of the transaction and issued 2,666,666 units at a price of CAD 0.015 per unit for the gross proceeds of CAD 40,000. The transaction included participation from individual investor, Bruce Reid Tillkännagivande • Feb 18
55 North Mining Inc., Annual General Meeting, Apr 27, 2023 55 North Mining Inc., Annual General Meeting, Apr 27, 2023. Tillkännagivande • Nov 04
55 North Mining Inc. announced that it has received CAD 0.385629 million in funding On November 2, 2022, 55 North Mining Inc. closed the transaction. The company has issued 19,281,444 units for gross proceeds of CAD 385,629 in the transaction. The company has received its third and final tranche. The company has issued 2,108,734 units for gross proceeds of CAD 42,174.68 in the tranche. Tillkännagivande • Oct 07
55 North Mining Inc. announced that it has received CAD 0.343454 million in funding On October 6, 2022, 55 North Mining Inc. closed the transaction. The company has issued 12,000,000 in its final tranche for gross proceeds of CAD 240,000. Tillkännagivande • Aug 30
55 North Mining Inc. announced that it expects to receive CAD 0.4 million in funding 55 North Mining Inc. announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.02 per unit for a total gross proceeds of up to CAD 400,000 on August 29, 2022. Each unit comprised of one common share and one common share purchase warrant entitling the holder to acquire one additional common share at a price of CAD 0.05 per share for 48 months from the date of issuance. The company will pay a finders' fee or commission up to 8% in cash on eligible subscriptions. All the securities issued in the transaction will subject to hold period of four months plus a day from the date of issuance.
On the same date the company has issued 5,172,710 units for gross proceeds of CAD 103,454.20. Tillkännagivande • May 08
55 North Mining Inc. announced that it has received CAD 0.07 million in funding 55 North Mining Inc. announced a private placement of 1,707,317 units at a price of CAD 0.041 per unit for a total gross proceeds of up to CAD 70,000 on May 6, 2022. Each unit comprised of one common share and one common share purchase warrant entitling the holder to acquire one additional common share at a price of CAD 0.05 per share for 48 months from the date of issuance. All the securities issued in connection with the financing will be subject to a statutory hold period of four months plus a day from the date of issuance. The transaction included participation from Bruce Reid. Tillkännagivande • Feb 26
55 North Mining Inc. Appoints Sandra Jackson, Herbert Urton as Directors 55 North Mining Inc. appointed Sandra Jackson, Herbert Urton as directors. Tillkännagivande • Feb 12
55 North Mining Inc., Annual General Meeting, Jun 07, 2022 55 North Mining Inc., Annual General Meeting, Jun 07, 2022. Tillkännagivande • Dec 31
55 North Mining Inc. announced that it has received CAD 0.125 million in funding 55 North Mining Inc. announced a private placement of 2,500,000 flow through common shares at a price of CAD 0.05 per share for gross proceeds of CAD 125,000 on December 30, 2021. All common shares issued in connection with the financing will be subject to a statutory hold period of four months plus a day from the date of issuance. Tillkännagivande • Sep 29
55 North Mining Inc. Reports Updated Gold Resource Estimate for Last Hope Project 55 North Mining Inc. report an updated NI 43-101 compliant Mineral Resource Estimate on its high grade Last Hope Gold Project in Lynn Lake Manitoba, including high grade near surface Mineral Resources: Indicated Mineral Resources increased by 87%, Inferred Mineral Resources increased by 48%. Mining of the near surface Mineral Resources by trench mining could conceptually provide a low cost method for mining 14,500 high grade ounces early in the potential mine life. The updated Mineral Resource Estimate reflects the previously announced results from the 2020/2021 winter drill program. The results indicated up and down plunge extensions of high grade shoots, and the extension along strike of high grade gold mineralization beyond the extent of the previous resource estimate dated February 2021. Indicated Mineral Resources increased 87% to 71,100 ounces from 38,000 ounces, and Inferred Mineral Resources increased 48% to 273,800 ounces from 184,100 ounces. The Last Hope Property is located within the Churchill Structural Province of the Canadian Shield, lying 5 km south of the southern portion of the Lynn Lake Greenstone Belt. The Lynn Lake Greenstone Belt, comprised of the North and older South Belts, is part of a larger litho-structural unit which extends in a north-easterly direction from the La Ronge Greenstone Belt in Saskatchewan. The Last Hope Deposit can be classified as a mesothermal lode gold deposit in a Paleoproterozoic setting. Lithologies which host the gold bearing structures have been altered to the upper greenschist to lower amphiboilite facies. The protoliths have not been determined. Gold is associated with disseminated to semi massive pyrite/pyrrhotite sulphide mineralization. Gold- bearing sulphide minerals are structurally controlled by a predominant north west to south east striking near vertical zone of deformation. This deformation zone is truncated to the north by the east west striking Johnson shear, the host of numerous gold occurrences and deposits. 55 North is planning the construction of a 5.6 km access road, subject to permitting, which would provide year-round road access to drill sites planned for its Phase 3 drill program, significantly lowering transportation costs of personnel and equipment. Tillkännagivande • Jul 20
55 North Mining Inc. announced that it has received CAD 0.55 million in funding On July 19, 2021, 55 North Mining Inc. closed the transaction. The company issued 5,500,000 flow-through units at a price of CAD 0.10 per share for a total gross proceeds of up to CAD 550,000 in the transaction. The company paid finder's fees of CAD 39,550 and 350,000 compensation warrants to eligible finders. Each compensation warrant will entitle the holder to purchase one common share of the Company at a purchase price of CAD 0.20 per share for a period of 60 months from the date of issuance. Recent Insider Transactions • Jul 10
Chairman recently bought CA$69k worth of stock On the 7th of July, Bruce Reid bought around 858k shares on-market at roughly CA$0.08 per share. This was the largest purchase by an insider in the last 3 months. Bruce has been a buyer over the last 12 months, purchasing a net total of CA$104k worth in shares. Tillkännagivande • Jun 30
55 North Mining Inc. Drills 4.09 G/T Au over 8.0 Metres, and Intersects Multiple Zones as It Extends Known Gold Mineralization 200 Metres Along Strike 55 North Mining Inc. announced assay results from the final 6 holes of its 2020/2021 diamond drill program at its high-grade Last Hope Gold Project, located near Lynn Lake, Manitoba. Highlights: 4.09 g/t over 8.0 m in hole LH-21-10 - 5.10 g/t over 4.3 m (and 2.47 g/t over 2.4m) in hole LH-21-16. 5.01 g/t over 4.0 m (and 3.47 g/t over 4.7m) in hole LH-21-18. Step-out Potential Along Strike: All drill holes reported here were part of a resource expansion drilling program, and were drilled
to extend the current resource along strike to the south east. Drill holes 9, 10, 12, and 13 were drilled on a section 90 metres beyond the southeasternmost drill hole to-date. Holes 16 and 18 were drilled 60 metres beyond that. All holes, except hole 13, returned mineable widths of high-
grade gold mineralization. However, hole 13 did encounter 1.06 g/t Au over 1.0 metre which
confirmed that the gold mineralization is continuous to depth.
Multiple Zones: This round of drilling in conjunction with a re-interpretation of the data has determined the
existence of multiple en-echelon gold mineralized zones of mineable widths along the strike of
the existing resource. Considering the southeasternmost holes, 16 and 18, there is indication that
this model continues to persist along strike. This is significant in that previous resource models
had not interpreted these en-echelon gold zones. The existence of the en-echelon veins has the
potential to significantly impact resource growth.
Future Drill Program: With assay results now in for all 29 holes of the 2020/2021 drill program, the Company is currently
analyzing the results and planning a Phase 2 drill program. Given the favorable results received
to-date, the design of the Phase 2 drill program will consider in part the following: Infill drilling in the areas of widening high-grade gold zones (LH-20-08 (19.25 g/t over 15.7m) and LH-21-20 (6.17 g/t over 8.0m)) - Infill drilling in areas of multiple en-echelon zones (holes LH-21-16 and LH-21-18). Drilling to extend down-plunge extensions of high-grade shoots. Step-out drilling to extend mineralization along strike to the southeast. Details will be made available once analysis is complete.
Gold mineralization occurs in disseminated and fracture-controlled veinlets of sulphide mineralization. The sulphide mineralization (primarily pyrite/pyrrhotite with minor
chalcopyrite/sphalerite) can be found in both quartz veins and in the moderately to strongly foliated amphibolite (possible basaltic protolith) which hosts both the sulphides and the quartz veins. This style of gold mineralization is consistent with gold mineralization in the past producing MacLellan and Burnt Timber deposits, part of Alamos' 2M oz Lynn Lake Gold Project, currently being permitted. The Last Hope deposit is a Lode Gold Deposit, and is situated approximately 5 km south of the southern portion of the Lynn Lake Greenstone Belt within the Churchill Province of the Canadian Shield. Gold mineralization is associated with sulphides within at least 2 shallow
plunging ore shoots in a NW-SE strike (for over 1,000 metres). The Last Hope deposit is the
subject of a February 2021 NI 43-101 compliant resource estimate (cut-off grade of 1.8 g/t) of
Indicated: 213,000 tonnes grading 5.53 g/t for 37,966 ounces Au, Inferred: 1,107,000 tonnes
grading 5.17 g/t for 184,120 ounces. QA/QC protocols: The drilled core is cut in half with the cut sample being placed in a bag which is sealed and
transported to TSL labs in Saskatoon. A certified standard with low grade, mid-grade and high-
grade gold values that approximates the lithology of the submitted sample is placed with random
grade values in the sample stream every 10 samples. A certified blank standard is placed in the
sample stream every 30 samples and a field duplicate is placed in the sample stream every 20
samples. In addition, TSL labs maintains their own QA/QC protocols consisting of selected
resampling of the submitted samples and the insertion of 6 internal standards.
Qualified Person: The technical content disclosed in this press release was reviewed and approved by Peter
Karelse, VP Exploration and a Qualified Person as defined under National Instrument 43-101. Mr.
Karelse consents to the publication of this announcement by 55 North Mining Inc. Mr. Karelse
certifies that this announcement fairly and accurately represents the information for which he is
responsible. Tillkännagivande • Jun 16
55 North Mining Inc. Announces Assay Results from 14 Additional Holes of Diamond Drill Program at its High-Grade Last Hope Gold Project 55 North Mining Inc. announced assay results from 14 additional holes of a diamond drill program at its high-grade Last Hope Gold Project, located near Lynn Lake, Manitoba. Highlights: 6.17 g/t over 8.0 m in hole LH-21-20; 4.08 g/t over 6.7 m in hole LH-21-17; 4.03 g/t over 5.8 m in hole LH-21-11; and 7.74 g/t over 1.9 m in hole LH-21-14. Resource Drilling: Drill holes 8, 11, 14, 15, 17 and 20 were drilled to extend down plunge the high-grade shoot which was pierced by the previously announced hole LH-20-08 which intersected 19.25 g/t over 15.7m. All holes, except hole 15, returned mineable widths of high-grade gold mineralization. Hole 15 appears to have been drilled below the plunge of the high-grade shoot. Hole LH-21-02 was drilled at a 225-degree azimuth to test for parallel zones of mineralization to the north east of the known zone. Two zones were intersected over narrow (1m) widths. A Phase 2 drill program will be planned once assay results from the remaining 6 holes from the Fall 2020/Winter 2021 drill program are received and analyzed. One focus of the Phase 2 drill program will be on infilling and extending the widening of high-grade mineralization around hole LH-20-08 (19.25 g/t over 15.7m) and LH-21-20 (6.17 g/t over 8.0m). Assays are pending from holes LH-21-09, LH-21-10, LH-21-12, LH-21-13, LH21-16 and LH-21-18 which were "step-out" holes drilled to test the continuity along strike to the south east beyond the known resource. Should these holes provide favourable results, Phase 2 will also include a continuation of this "step-out" drilling. Off-Resource Drilling (drill holes designated as "EXP"): Drill holes 1, 3,4, and 5 were part of a program designed to test a series of potential parallel mineralized zones to the north east identified by an IP geophysical survey completed last year. These targets were compelling as they were geophysical highs (Induced Polarization) coincident with geochemical highs (gold-in-soils), and were parallel to and similar in signature to that of the trend hosting the current resource estimate. It should be noted that the source for the geochemical highs in gold mineralization has not been determined by work to date. These holes intersected thick intersections of massive sulphides (pyrrhotite) but were barren of gold mineralization. Drill holes 6,7, and 19 tested three geophysical highs (Induced Polarization) to the north east of the resource area and were also barren of gold mineralization. The drill holes reported here are a part of an exploration/development program designed to infill/upgrade within the existing resource estimate limits and secondly to expand the resource beyond the current limits of the existing resource. Gold mineralization occurs in disseminated and fracture-controlled veinlets of sulphide mineralization. The sulphide mineralization (primarily pyrite/pyrrhotite with minor chalcopyrite/sphalerite) can be found in both quartz veins and in the moderately to strongly foliated amphibolite (possible basaltic protolith) which hosts both the sulphides and the quartz veins. This style of gold mineralization is consistent with gold mineralization in the past producing MacLellan and Burnt Timber deposits, part of Alamos' 2M oz Lynn Lake Gold Project, currently being permitted. The Last Hope deposit is a Lode Gold Deposit, and is situated approximately 5 km south of the southern portion of the Lynn Lake Greenstone Belt within the Churchill Province of the Canadian Shield. Gold mineralization is associated with sulphides within at least 2 shallow plunging ore shoots in a NW-SE strike (for over 1,000 metres). The Last Hope deposit is the subject of a February 2021 NI 43-101 compliant resource estimate (cut-off grade of 1.8 g/t) of Indicated: 213,000 tonnes grading 5.53 g/t for 37,966 ounces Au, Inferred: 1,107,000 tonnes grading 5.17 g/t for 184,120 ounces. Tillkännagivande • May 05
55 North Mining Inc. Intersects 19.25 g/t Au over 15.7 metres, a Significant Widening of High Grade Gold Mineralization at Depth 55 North Mining Inc. announced assay results from 4 additional holes of an ongoing diamond drill program at its high-grade Last Hope Gold Project, located near Lynn Lake, Manitoba. 19.25 g/t over 15.7 m in hole LH-20-08. 6.25 g/t over 4.0 m in hole LH-20-09. 6.27 g/t over 3.5 m in hole LH-20-07. Drill hole assay results extend and in-fill high grade shoot mineralization down plunge. They point to a significant widening of high-grade gold mineralization at depth. Hole 8 exhibits the widest intersection of high-grade mineralization drilled to-date (in over 180 holes) and was drilled down-plunge of a high-grade shoot, intersecting 19.25 g/t over 15.7m at approximately 345 metres vertical depth. Two follow-up holes were drilled around this intersection to potentially extend this wide zone: one was drilled 120 metres directly below hole 8, and another was drilled 65 metres along strike to the southwest. Assay results are currently pending. The drill holes reported here are a part of an exploration/development program designed to
infill/upgrade within the existing resource estimate limits and secondly to expand the resource beyond the current limits of the existing resource. To date eight of nine holes intersected significant gold values in disseminated and fracture-controlled veinlets of sulphide mineralization. The sulphide mineralization (primarily pyrite/pyrrhotite with minor chalcopyrite/sphalerite) can be found in both quartz veins and in the moderately to strongly foliated amphibolite (possible basaltic protolith) which hosts both the sulphides and the quartz veins. This style of gold mineralization is consistent with gold mineralization in the past producing MacLellan and Burnt Timber deposits, part of Alamos' 2M oz Lynn Lake Gold Project, currently being permitted. The Last Hope deposit is a Lode Gold Deposit, and is situated approximately 5 km south of the southern portion of the Lynn Lake Greenstone Belt within the Churchill Province of the Canadian Shield. Gold mineralization is associated with sulphides within at least 2 shallow plunging ore shoots in a NW- SE strike (for over 500 metres). The Last Hope deposit is the subject of a February 2021 NI 43- 101 compliant resource estimate (cut-off grade of 1.8 g/t) of Indicated: 213,000 tonnes grading 5.53 g/t for 37,966 ounces Au, Inferred: 1,107,000 tonnes grading 5.17 g/t for 184,120 ounces. Tillkännagivande • Apr 28
55 North Mining Inc. Intersects 7.59 G/T Au over 7 Metres 55 North Mining Inc. announced assay results from its first 5 holes of an ongoing diamond drill program at its high-grade Last Hope Gold Project, located 20 km south of Alamos' Lynn Lake Gold Project in Manitoba. The Last Hope deposit is a Lode Gold Deposit located in northern Manitoba, and is situated approximately 5 km south of the southern portion of the Lynn Lake Greenstone Belt within the Churchill Province of the Canadian Shield. Gold mineralization occurs associated with sulphides within at least 2 shallow plunging ore shoots in a NW-SE strike (for over 500 metres). The Last Hope deposit is the subject of a February 2021 NI 43-101 compliant resource estimate (cut-off grade of 1.8 g/t) of Indicated: 213,000 tonnes grading 5.53 g/t for 37,966 ounces Au, Inferred: 1,107,000 tonnes grading 5.17 g/t for 184,120 ounces. The drillholes reported here are a part of an exploration/development program designed to infill/upgrade within the existing resource estimate limits and secondly to expand the resource beyond the current limits of the existing resource. To date four of five holes intersected significant gold values in disseminated and fracture-controlled veinlets of sulphide mineralization. The sulphide mineralization (primarily pyrite/pyrrhotite with minor chalcopyrite/sphalerite) can be found in both quartz veins and in the moderately to strongly foliated amphibolite (possible basaltic protolith) which hosts both the sulphides and the quartz veins. This style of gold mineralization is consistent with gold mineralization in the past producing MacLellan and Burnt Timber deposits, part of Alamos' ongoing Lynn Lake Gold Project. The drilling results indicated above confirms the shallowly plunging high grade zones suggested in previous models. In addition, a detailed review of the historic data as it relates to this recent drilling suggests the existence of multiple steeply dipping en-echelon zones. These Phase 1 results continue to build on the existing resource by filling in areas with limited or no data. The current ongoing Phase 1 program will focus on continuing to enhance the resource model and also on providing potential targets outside of the current resource for the Phase 2 expansion of the resource. Tillkännagivande • Apr 27
55 North Mining Inc. announced that it has received CAD 0.31 million in funding On April 26, 2021, 55 North Mining Inc. (CNSX:FFF) closed the transaction. The company issued 1,550,000 flow through units for gross proceeds of CAD 310,000. The company paid a finder’s fee of CAD 23,730 and 105,000 compensation warrants to eligible finders.