on 55 North Mining Inc. (CVE:FFF)
55 North Mining Secures Drill Permits and Grants Stock Options
55 North Mining Inc. has received drill permits from Manitoba for its Last Hope Gold Project. This approval allows the company to commence its 2025-2026 winter drilling program at the site near Wasekwan Lake in the Lynn Lake region. The focus will be on exploring down-plunge and along-strike extensions of the high-grade mineralized system.
CEO Bruce Reid emphasized the importance of the permits for staying on schedule. The company plans to mobilize promptly and begin drilling once conditions are suitable, with aims to expand the high-grade system through 2026.
Additionally, 55 North Mining's Board has approved 1,650,000 incentive stock options. These options enable acquisition of common shares at $0.50 each, valid for five years, and follow the company's Stock Option Plan and CSE policies.
R. H.
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