55 North Mining Announces Upcoming 2026 Drill Program - Winter Drilling May Commence in Late 2025 Pending Weather Conditions

Executive Summary

• 55 North Mining announced its planned 2026 drill program, which could start as early as late 2025 pending safe winter conditions.
• The program will focus on step‑out drilling south of existing zones, targeting eight fences (two holes per fence) spaced ~120 m apart.
• Estimated all‑in drilling cost is about $250 per metre; drilling rate projected at 6–8 holes per month with winter work ending by late March 2026.

Key Details

• Program Timing: Potential start in late 2025; primary activities through winter 2025‑2026, concluding by late March 2026.
• Drill Footprint: Eight fences, each comprising two holes, spaced approximately every 120 metres to expand known mineralization and test strike extensions.
• Drilling Rate: Planned execution of six to eight holes per month.
• Cost Estimate: All‑in drilling cost estimated at $250 per metre, covering mobilization, supervision, assays, and logistics.
• Objective Statement: “Systematically test new ground immediately south of our current zones to enhance our understanding of the mineralized system and guide future development.” – Bruce Reid, CEO.
• Future Communications: Company will release additional details on specific targets, contractors, and timing as the program approaches.

Notable Quotes

“Our goal with this program is to systematically test new ground immediately south of our current zones to enhance our understanding of the mineralized system and guide future development,” – Bruce Reid, CEO, 55 North Mining.