Sixty North Gold Defines a Large IOCG Target on the Mon Property
SIXTY NORTH GOLD DEFINES A LARGE IOCG TARGET ON THE MON PROPERTY
VANCOUVER, Bri.sh Columbia -- (Newsfile Corp. – September 6, 2022) Sixty North Gold Mining Ltd.
(CSE:SXTY , FKT:2F4, OTC-Pink:SXNTF) (the “Company” or “Sixty North Gold”):
The Company is pleased to report that recent work has defined the 3.2 km by 0.6 km altera.on zone
on its Mon Property as an Iron Oxide Copper Gold (IOCG) deposit. Petrographic work on a sample
from the coincident large magne.c low and intensely hydrothermally altered rocks, together with a
comprehensive review of the geochemistry of samples collected from this unit, characterizes the
target.
Dr . Webb reports,!"We are very excited to make this game-changing discovery, adding a very
valuable and sought-a‘er target class to our company. Iron oxide-copper-gold (IOCG) systems are
among the world#s richest and largest mineral deposits. In addi.on to poten.ally economic nickel,
cobalt, gold, pla.num, palladium (see Table 1, below), by-product strategic elements may include
uranium, phosphorus, and rare earth elements (REE) which add to its abrac.veness. This is a virgin,
grass-roots discovery outlining a very large prospec.ve target that was discovered by our team using
standard explora.on methodology. Addi .onal geophysical and geochemical targets remain
untested and will be reviewed by crews currently mobilizing to the property. We an.cipate finding
other poten.ally economic zones within the large target area.”
Webb further states "The metals iden.fied in our IOCG discovery include many of the babery or
cri.cal elements (BE, or CE) being sought territorially, and by federal governments around the
world.”
Mapping and prospec.ng of a 1.5 km por .on of the zone reveals that the very large
hydrothermally-altered unit had been incorrectly iden .fied as a gabbro by government and
company geologists over the past 80 years. Petrographic report by Ultra Petrography and
Geoscience Inc. on a sample submibed this year shows it to be to be a strongly altered unit
composed of xenoblas.c albite with quartz and hema .te with accessory minerals including
chlorite, bio.te, and minor sulphides and oxides (each <0.5%). This albi.te has a geochemistry that
has P2O5 values up to 5.91% (average 3.02%), Na2O values up to 4.26% (average 2.90%) with total
rare earth oxides (TREO) of 0.09%.
Table 1. Selected analyses from all of the January 2022 grab samples from the discovery outcrop.
Grab samples are selec,ve and do not represent average grades of the showing. The 31958xx series
of samples were collected through snow cover in January of this year. They were prepared and
analysed by ALS Global, an independent cer,fied laboratory using High-grade four acid diges,on
(MEICP61a) and ICP AES analysis. Blanks and standards reported acceptable results.
Addi.onal targeted mapping and prospec.ng will examine other exposures of this IOCG target,
focused by our 2018 Geotech VTEM Plus © survey.
Dr . D.R. Webb, Ph.D., P .Geol., P .Eng. is the Qualified Person within the meaning of NI 43-101
and is responsible for the technical details of this release.
About the Company
The Company is developing mining opera.ons for gold on the Mon Gold Property, 40 km
north of Yellowknife, NWT . Past produc.on extracted 15,000 tonnes of ore to depths of only
15 m below surface, recovering an es.mated 15,000 ounces of gold.
The Mon Gold Property consists of 11 contiguous Mining Leases and 3 Mineral Claims, comprising an
aggregate 1,537 acres, located in the South MacKenzie Mining District, NWT . Eight additional Mineral
Claims and one other Mining Lease are controlled under option totaling 5,500 acres.
For more information, please refer to the Company’s Prospectus dated January 19, 2018 available on
SEDAR (www.sedar .com), under the Company’s profile.
Sample Ni % Co % Au gpt Pt gpt Pd gpt
NDM-WK-467 >1 0.183 0.430 Na Na
3195829 0.33 0.025 0.158 0.089 0.017
3195830 0.34 0.015 0.116 0.023 0.01
3195832 0.24 0.019 0.055 0.012 0.005
3195833 0.34 0.028 0.167 0.029 0.007
3195834 0.24 0.014 0.068 0.005 0.004
Average >0.41 0.047 0.166 0.032 0.009
ON BEHALF OF THE BOARD OF DIRECTORS
“Dave Webb”
Dave Webb
President & CEO
For further information, please contact:
Dave Webb, 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 Prospectus dated January 19,
2018 available on SEDAR (www.sedar .com), under the Company’s profile.
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF
THIS PRESS RELEASE.