55 North Mining
Exploring and Developing High Grade Gold in Manitoba
Investment Highlights
High Grade Gold Resource:
- 273,000 ounces Au Inferred grading 5.48 g/t.
- 71,000 ounces Au Indicated grading 5.41 g/t.
Exploration Upside:
- Open down plunge and along strike to the SE.
25 km south of Alamos Gold’s Lynn Lake Gold Project, which is currently permitted:
- Potential for: a) toll milling, or b) as a satellite deposit
Safe and Mining-Friendly Jurisdiction/Good Infrastructure:
- Lynn Lake gold mining camp in northern Manitoba has good infrastructure: low cost hydroelectric power, connections to an extensive road and rail network, jet aircraft capable airport with 5,000 ft. paved runway, abundant water sources.
- Signed Impact Benefit Agreement with Marcel Colomb First Nation Band.
Management Experience and Expertise in the Camp:
- Acquired, explored, developed and then sold the Lynn Lake Gold Project in 2016 to Alamos Gold for $140 million.
Undervalued:
- Currently trading at EV/M&I&I oz of ~ US$ 4/oz.
