Business
55 North Mining Inc. Intersects 19.25 g/t Au over 15.7 metres, a Significant Widening of High Grade Gold Mineralization at Depth
TORONTO, ON / ACCESSWIRE / May 4, 2021 / 55 North Mining Inc. (CSE:FFF) ("55 North" or the "Company") is pleased to announce assay results from 4 additional hol
About this update from 55 North Mining Inc.
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / May 4, 2021 / 55 North Mining Inc. (CSE:FFF) (\"55 North\" or the \"Company\") is pleased to announce 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. Highlights - Significant Widening of High-Grade Gold Mineralization 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. Bruce Reid, President and Chief Executive Officer commented \"Hole 8 has intersected high-grade gold over widths not seen on this project before. We are extremely excited about this development, and will be following up with drilling to expand this previously undiscovered potential wide, high grade zone of gold mineralization. Our drilling continues to indicate the excellent potential to grow the resource at the Last Hope Gold Project. This project is strategically located in close proximity to Alamos' Lynn Lake Gold Project, currently in the permitting phase. We will release assay results from our drill program as they become available.\" Discussion of Drill Results Table 1: Results from All drill holes from this stage of the drill program Drill Hole From(m) To(m) Length(m) Au(g/t) LH-20-06 131.0 134.0 3.0 2.71 and. 170.0 181.0 11.0 1.97 LH-20-07 301.0 304.5 3.5 6.27 LH-20-08 346.0 361.7 15.7 19.25 LH-20-09 355.0 359.0 4.0 6.25 Note: All holes drilled at an azimuth of 45 degrees and a dip angle of - 58 to - 72 degrees. True widths are estimated at 75% of drilled length. Figure 1 illustrates drill hole pierce points (latest holes depicted as larger points) on a long section of the current resource estimate (View Here) Figure 2 is a Plan View showing drill hole collar locations and drill hole traces (View Here). 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 be...