TORONTO, ON / ACCESS Newswire / July 7, 2026 / 55 North Gold Inc. (CSE:FFF)(FSE:6YF) ("55 North" or the "Company") is pleased to report that its 2026 winter diamond drill program on its Last Hope Gold Deposit has extended the gold mineralization 300 metres beyond the limit of the current mineral resource estimate. 55 North's Last Hope Gold Deposit is located in northern Manitoba, Canada, 10 kilometres south of Alamos Gold's Lynn Lake Project.
Highlights from 55 North's drill program include:
LH26-02: 2.49 g/t Au over 19.42 m starting at 211.58 metres downhole
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including 4.50 m grading 5.34 g/t Au
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LH26-04: 6.91 g/t Au over 2.56 m starting at 138.90 metres
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including 1.33 m grading 12.60 g/t Au
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LH26-04: 7.61 g/t Au over 1.50 m
LH26-07: 13.60 g/t Au over 1.00 m
Drilling demonstrated excellent internal grade continuity within the resource area, while southeast step-out holes confirmed the system remains open along strike and down-plunge, consistent with the geological model (see Figure 1).
Table 1 - Summary of Results 2026 Winter Drill Program (1) | |||||
Drill Hole ID | From | To | Interval | Au Grade | |
(metres) | (metres) | (metres) | (g/t) | ||
LH26-01 | 135.48 | 137.50 | 2.02 | 2.33 | |
LH26-02 | 211.58 | 231.00 | 19.42 | 2.49 | |
including | 211.58 | 213.00 | 1.42 | 5.49 | |
and | 217.50 | 222.00 | 4.50 | 5.34 | |
and | 229.50 | 231.00 | 1.50 | 8.71 | |
LH26-03 | 207.00 | 209.69 | 2.69 | 2.83 | |
LH26-04 | 138.90 | 141.46 | 2.56 | 6.91 | |
including | 140.13 | 141.46 | 1.33 | 12.60 | |
193.50 | 195.00 | 1.50 | 7.61 | ||
LH26-05 | 356.20 | 357.20 | 1.00 | 5.66 | |
LH26-06 | NSV | ||||
LH26-07 | 218.00 | 219.00 | 1.00 | 13.60 |
(1) Intervals above are drill indicated core length. True widths are estimated to be 75-85% of the reported downhole intervals. Average grades are calculated with un-capped gold assays.
"Results from our successful winter drill program have returned multiple high-grade gold intercepts, reinforcing continuity within the current resource envelope, infilling critical gaps, and extending the mineralized system along strike to the southeast," said Wayne Parsons, CEO of 55 North. "We are excited for the new team to capitalize on this momentum and drive the Last Hope Gold Project forward with more high-grade intercepts and an updated resource estimate."
Figure 1 - Long Section 2026 Winter Drill Program
The 2026 Last Hope Gold Project drill program consisted of seven diamond drill holes designed to both infill gaps within the current resource model and step-out to the southeast to test the extension of the shear zone-hosted gold system. All holes successfully intersected the targeted structures, returning visible quartz veining with disseminated pyrite and strong assay results. These new intersections are expected to contribute to ongoing targeting for upcoming drilling in support of an updated mineral resource estimate.