Sixty North GOLD Announces Drill Intersection of Massive Sulphides Returns Anomalous GOLD Values
SIXTY NORTH GOLD ANNOUNCES DRILL INTERSECTION OF
MASSIVE SULPHIDES RETURNS ANOMALOUS GOLD VALUES
VANCOUVER, British Columbia -- (Newsfile Corp. – May 5, 2025) Sixty North Gold
Mining Ltd. (CSE: SXTY, FKT: 2F40, OTC-Pink: SXNTF) (the “Company” or “Sixty
North Gold”) announces the first drilling results in its Volcanogenic Massive Sulphide
(“VMS”) drill program. The Company has successfully tested one of the six targets
identified from the VTEM Plus © geophysical survey and subsequent analysis of that
data by Mira Geosciences (“Mira”).
Dr. Dave Webb, CEO, states, “We are pleased that the first two drill holes have
identified massive and semi-massive sulphide horizons in the first of six targets to be
tested. Drilling was suspended early due to warmer weather making our snowmobile
trails inaccessible.
“Assays reveal this horizon to be composed primarily of iron sulphides with limited but
continuous enrichment of precious metals at subeconomic levels. No significant base
metal enrichment was encountered. The upper conductor we tested is now interpreted
to be the iron-rich cap-rock of the VMS system. We are now confident that we are in a
VMS system and that geophysics correctly identifies where the lenses are located. The
Company can now focus on the lower horizon to determine if these conductors carry
grade similar to that found in the 5656 Zone along strike to the north or the Likely or
Homer Lake Deposits to the south. We believe the lower conductor represents the best
target for further work.”
Webb further reports that “We have six targets we plan on testing, with the lower
horizon conductors now being the highest priority as they are on strike and within the
same horizon as the well-mineralized 5656 Zone. The attached Figure 1 shows our
planned drill program. Our first hole at Location A was setup on lake ice to test the
lower horizon, but upon completion of set-up, significant and unexpected water
overflowed the ice forcing a rapid demobilization from this target and onto the Set up B
that had been prepared for drilling. The two holes completed were from Location B.
Additional drill holes are planned on the lower horizon.”
The proximity to the Bluefish Hydroelectric Power Plant, and the road network from
Yellowknife makes these targets appealing for potential development in the future, with
reduced infrastructure costs. The VMS zones provide the Company with an exciting
diversification and a potential portfolio of strategic metals, in addition to our planned
underground Mon Gold Mine on the same property.”
Drill Hole Results
nsv = No Significant Value
DDH Azimuth Inclination From (m) To (m) Width (m)Est. True W.Gold gptSilver gpt
VMS 1 080 -50 59.5 63.0 3.5 2.7 m 0.03 <1.0
VMS 2 080 -70 81.2 91.0 9.8 4.9 m 0.04 nsv.
Six conductors were modeled by Mira, including an exposed VMS showing, the 5656
Zone which grades 1.0 gpt gold, 203 gpt silver, 0.59% lead and 0.96% zinc over
0.45 m in trench samples over 150 m of strike (see news release November 6,
2018). A cluster of much larger, more prominent conductors along strike include the
Lower Horizon which includes the Mac Tuff showing 2 km to the south (not on the Mon
Property). The Upper Horizon occurs in a mixed mafic and felsic tuff horizon, 300 m
stratigraphically above the Lower Horizon.
Core was delivered to camp where it was logged by a registered Professional Geologist.
The core was sawn and half samples were bagged and tagged and delivered to ALS
Global in Yellowknife NWT with suitable Certified Reference Standards and Blanks.
These samples were crushed and pulverized (CRU-31, PUL-31) in Yellowknife and
shipped to ALS Global’s Geochemistry site in North Vancouver where they were
analyzed by ME-ICP61a, AU-AA23, and OA-GRA08. All standards reported acceptable
results. ALS Global is a certified laboratory, independent of the Company.
Dr. D.R. Webb, Ph.D., P.Geol., P.Eng., President & CEO the the Company, is the
Qualified Person for this release and has reviewed and approved of its technical
content.
About the Company
Sixty North is developing mining operations for gold on its 100-per-cent-owned Mon
Gold Project, which extracted 15,000 tonnes of ore to depths of only 15 metres below
surface, recovering an estimated 15,000 ounces of gold in the 1990s (NI 43-101,
August, 2023). The North Ramp has been reopened and has been extended to the
target portion of the vein. The company plans to develop stopes in the East Limb, West
Limb and DD Zone to extract and stockpile the vein material on surface. Upon
confirmation of the grade and tonnage, the Company plans to bring a permitted mill in to
process this and continuing mined material.
The VMS target, and the shear zones are separate targets on the property and will
continue to be tested as circumstances permit.
For more information, please refer to the Company’s public filings available on SEDAR+
(www.sedarplus.ca), under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dave Webb”
Dave Webb, President & CEO
For further information, please contact:
Dave Webb
Tel.: 604 818-1400
Email: [email protected]
Website: www.sixtynorthgold.com
Statements about the Company's future expectations and all other statements in this press
release other than historical facts are "forward looking statements". Such forward-looking
statements are based on numerous assumptions, and involve known and unknown risks,
uncertainties and other factors, including risks inherent in mineral exploration and
development, which may cause the actual results, performance, or achievements of the
Company to be materially different from any projected future results, performance, or
achievements expressed or implied by such forward-looking statements. Further details
about the risks applicable to the Company are contained in the Company’s public filings
available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept
responsibility for the adequacy or accuracy of this news release.