Projects

Overview

Location

Last Hope

The Last Hope Property is located approximately 23 km southeast of the mining town of Lynn Lake and is accessed by an all-weather gravel road, the Burnt Timber Mine road, to the mine site and subsequently an 8 km winter road from the Burnt Timber mine to the Property. Highways 6 and 391 connect Lynn Lake to Winnipeg and the Trans Canada Highway. Lynn Lake is also connected by railway which extends south to the Pas, Manitoba, and from there, to the rest of Canada.  Lynn Lake Airport (YYL) has a 5,000 ft. paved runway that can land commercial jet aircraft.

Lynn Lake (population of 800) has a hospital, hotel and general store, and was founded to service Sherritt Gordon’s nickel discovery in 1950.

Lynn Lake has an annual average temperature of -3°C. The average summer temperature is 22°C with an average winter temperature of -20°C. Annual precipitation averages approximately 530 mm.  The vegetation in the Lynn Lake area is typical of northern Manitoba. Most of the area is covered by northern boreal forest, consisting chiefly of jack pine, black spruce and balsam with a few stands of birch and poplar. The Property has patches of northern boreal forest and relief that is low lying, consisting of scattered marsh or moss-covered swampy areas.  Historically, drilling has been conducted year-round with warm weather drilling assisted by helicopter.

Water is abundant in nearby lakes and rivers.  Hydroelectric power is available in the town of Lynn Lake.  Manitoba has a long history of mining with world class mining centres in Flin Flon and Thompson Manitoba.

The Last Hope Property comprises 15 claims covering an area of 3,513 ha. The Company has an option agreement in place to acquire 100% of the Last Hope Property, subject to a 2% NSR royalty. The fifteen Last Hope claims (3,513 ha) have an annual total of $87,825 ($25/ha) due at various anniversary dates throughout the year. All claims are in good standing.

History

Gold was first discovered at Last Hope in 1937. Core from most of the historical 204 diamond drill holes is available at the Property. In August 2020, the shareholders of 55 North and 2552883 Ontario Inc. voted to amalgamate under the name of 55 North, whereby 55 North effectively acquired the Last Hope Gold project. The table below outlines historical work done on the property:

Historical Exploration on the Last Hope Property