55 North Mining to Initiate LiDAR Survey and Winter Drilling at Last Hope Gold Project
55 North Mining to Initiate LiDAR Survey and Winter Drilling at Last Hope Gold Project
Toronto, Ontario – October 20, 2025 – 55 North Mining Inc. (CSE:FFF) (FSE:6YF) (“55 North”
or the “Company”) is pleased to announce that it will commence a detailed LiDAR survey over its
wholly owned Last Hope Gold Project in Manitoba.
The airborne LiDAR (Light Detection and Ranging) survey commenced on October 16, 2025, and
will provide high-resolution topographic data across the project area. The data will enable the
Company to refine geological interpretations, optimize drill targeting, and support upcoming winter
access and logistics planning. LiDAR technology uses pulsed laser light from aircraft, drones, or
ground-based systems to capture precise 3D representations of the terrain and surface features.
When combined with existing geological and geophysical datasets, this information allows for highly
accurate planning of drill hole locations and a better understanding of structural controls on
mineralization.
The Company intends to initially drill 8 fences of 2 holes per fence, spaced at nominal 120 metre
centres to expand the known mineralized footprint and to test for potential extensions along strike.
Drilling is expected to advance at a rate of 6 - 8 holes per month, with the first phase winter operations
scheduled to conclude by late March 2026. The Company estimates all -in drilling costs of
approximately $250 per metre, inclusive of all mobilization, supervision, assay, and logistical costs.
Bruce Reid, CEO of 55 North Mining, commented: “This LiDAR program is a key step in positioning
us for an efficient and well-targeted winter drill campaign. The enhanced topographic detail will help
us identify subtle geological features that may control gold mineralization. Our focus this winter is to
extend known zones and continue building the scale of the Last Hope system with a disciplined,
data-driven approach.”
About 55 North Mining Inc.
55 North Mining Inc. is a Canadian exploration and development company advancing its high-grade
Last Hope Gold Project located in Manitoba, Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Bruce Reid
Chief Executive Officer
55 North Mining Inc.
Phone: 647-500-4495
Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of 55 North contains statements that constitute “forward -looking statements.”
Such forward-looking statements involve known and unknown risks, uncertainties and other factors
that may cause the Company’s actual results, performance or achievements, or developments in the
industry to differ materially from the anticipated results, performance or achievements expressed or
implied by such forward-looking statements.