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Remote sensing

55 North Mining Inc. Commences LiDAR Survey at Last Hope Gold Project

Strategic Insights

— 1 min read

The Canadian-based 55 North Mining Inc. has begun a detailed LiDAR (Light Detection and Ranging) survey over its wholly owned Last Hope Gold Project in Manitoba. This airborne LiDAR survey, which started on October 16, 2025, aims to provide high-resolution topographic data across the project area. The Company intends to use this data 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.

Key Takeaways:

  • The LiDAR survey will provide high-resolution topographic data across the Last Hope Gold Project area, enabling 55 North to refine geological interpretations and optimize drill targeting.
  • The Company will use LiDAR technology in combination with existing geological and geophysical datasets to plan drill hole locations and understand structural controls on mineralization.
  • 55 North intends to drill 8 fences of 2 holes per fence, spaced at nominal 120 metre centres, to expand the known mineralized footprint and test for potential extensions along strike.
  • 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, emphasized the importance of this LiDAR program in positioning the Company for an efficient and well-targeted winter drill campaign.
  • The enhanced topographic detail from the LiDAR program will help identify subtle geological features that may control gold mineralization.
  • The Company's focus this winter is to extend known zones and continue building the scale of the Last Hope system with a disciplined, data-driven approach.

Statistics:

  • 8 fences of 2 holes per fence, spaced at nominal 120 metre centres, will be drilled to expand the known mineralized footprint and 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.
  • All-in drilling costs are estimated at approximately $250 per metre, inclusive of all mobilization, supervision, assay, and logistical costs.

Sources:

  • 55 North Mining Inc.
  • ACCESS Newswire
  • MarketWatch
  • Globe Newswire ( could not verify this source, but Market watch uses this source for quotes)
  • Mr. Bruce Reid Chief Executive Officer, 55 North Mining Inc.
  • Mr. Vance Loeber Corporate Development Phone: 778-999-3530 cvl@tydewell.com)

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