Sixty North GOLD Mining Intersects TWO GOLD-Bearing Quartz Veins During Mining Operation
SIXTY NORTH GOLD MINING INTERSECTS TWO GOLD-BEARING
QUARTZ VEINS DURING MINING OPERATION
VANCOUVER, Bri.sh Columbia -- (Newsfile Corp. – July 22, 2024) Sixty North Gold Mining Ltd.
(CSE: SXTY , FKT: 2F40, OTC-Pink: SXNTF) (the “Company” or “Sixty North Gold”)
Sixty North Gold is pleased to announce that two gold zones have been encountered during
development of its wholly-owned Mon Gold Mine. The target of this development, the A-Zone
quartz vein has been intersected in the 970E crosscut at eleva.on 212m AMSL, 16 m below the
historic West Stope (shown on the graphic below). Visible gold was noted in a 30 cm wide vein
dipping steeply to the west with 3% sulphides, pyrrho.te > sphalerite > galena > chalcopyrite >
pyrite (key pathfinder minerals for gold at the Mon Gold Mine) and significant visible gold in a
14 m wide intensely potassic-altered gabbro. The A-Zone is exposed on surface where it
extends over 100m in strike. Twenty samples from 10 trenches collected by an independent
geologist in this vein averaged 116.34 gpt gold over 1.1 m width (Malahoff, 2017). An es.mated
10,000 tonnes of this vein was mined to a depth of 15 m below surface to 228m AMSL and
5,000 tonnes was mined from the east limb of the vein averaging 30 gpt gold (NI 43-101
Technical Report, Mon Gold Property, Northwest Territories, Canada, August 3, 2023, author Dr .
D. R. Webb, Ph.D., P .Geol., P .Eng.).
Mon Gold Mine Isometric View - Operations to July 21, 2024
The newly reported DD-Zone is located 10 m west of the A Zone and is exposed within the Main
Ramp. It is defined by five historic drill holes with grades up to 12 gpt gold over 0.30 m within
1.5 metres grading 3.74 gpt gold and is exposed for 7 m along the west-wall and in the back of
the ramp. The DD Zone pinches and swells and sub parallels the A-Zone but dips steeply to the
east, averaging 0.3 to 1.2 m in width with 5% sulphides, pyrite > pyrrho .te > sphalerite with
trace arsenopyrite and visible gold within a 1 to 2 m characteris.c pink altera.on enveloping
the vein.
Mining star.ng on June 25 and has advanced the Main Ramp 44 m by slash and drii rounds. All
services have been installed, all equipment is func.oning well with addi.onal equipment on site
in case of mechanical issues. There have been no lost-.me accidents. Sixty North Gold plans to
commence subdriiing north and south on the A-Zone to collect material for stockpiling. We
plan to con.nue the 970 cross cut another 20 m +/- to the east and drive addi.onal crosscuts
into the A-Zone quartz vein to expose more of the vein below the historic stopes on the eastern
limb. The A-Zone eastern limb was tested by a number of historic drill holes within 20 m of this
area including:
Table 1 These drill holes are historic in nature and cannot be relied upon but are presented for completeness of this release.
Samples of the A-Zone and DD-Zone have been collected and submi led to independent
cer.fied laboratories for analysis, the results of which will be released as received and
confirmed.
The Company has also commenced a geotechnical drill program to install thermistors in
compliance with its opera.onal licenses.
Dr . Dave Webb, Ph.D., P .Eng., P .Geol., President & CEO, Director stated “We are pleased with
progress made by an excep.onal group of miners, mechanics, service providers, cook/medics,
and expeditors. The team has delivered in a most efficient manner and deserves credit for our
progress. We have succeeded in exposing the A-Zone in four loca.ons 115 m and 30 m along
strike of the East and West stopes respec.vely and 16 m below these historic stopes. Past
produc.on of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company
Drill Hole Width (m)Grade (gpt)
89-7 3.1 45.95
89-14 1.7 25.37
89-15 1.5 7.10
87-20 1.5 19.82
89-23 1.2 23.86
Technical Report, August 3, 2023, on SEDAR or hlps://sixtynorthgold.com/projects/technical-
report/.
“A 100 tpd mill has been sourced and we plan to acquire and install it onto the property to
commence recovery of gold as quickly as possible.”
Maps and photographs can be found on the company’s website.
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 its 100%-owned 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 in the 1990’s. The
Yellowknife gold camp hosts two mines that averaged 30 gpt gold or beler (Discovery and Sixty
North Gold’s Mon Mine), and two that averaged 15 gpt or beler for a total produc.on of over
14 million ounces of gold (Con Min and Giant Mine) (ref. Sixty North Gold NI 43-101, August,
2023). NI 43-101 defini.ons prohibit the use of the words Ore, Mineral Reserves or Mineral
Resources without an independent report on Mineral Resources, a Preliminary Feasibility or
Feasibility Study.
For more informa.on, 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.