Sixty North GOLD Provides MON GOLD MINE Update and Announces Non-Brokered Unit Offering
SIXTY NORTH GOLD PROVIDES MON GOLD MINE UPDATE AND ANNOUNCES
NON-BROKERED UNIT OFFERING
VANCOUVER, British Columbia -- (Newsfile Corp. – October 14, 2025) Sixty North Gold
Mining Ltd. (CSE: SXTY, FKT: 2F40, OTC-Pink: SXNTF) (the “Company” or “Sixty
North Gold”) is pleased to update shareholders on its progress to restart sustainable
gold production at its wholly-owned Mon Gold Mine.
Dr. Dave Webb, President and CEO states, “Sixty North Gold Mining Ltd. plans to
commission a 100 tpd gold mine and mill in the summer of 2026. The Company has
invested over $9 million in acquiring and developing its wholly-owned past producing
Mon Gold Mine. This includes investments in mining equipment, camps, supplies and
development to the second level below the historic stopes that were produced ore
grading one ounce gold per tonne. The Yellowknife Gold Belt hosts many large high-
grade gold mines and deposits.
“We believe that restarting this historic one ounce per tonne past producer will allow our
shareholders to benefit directly in the gold market in this time of record prices.”
Financing Arranged
Sixty North Gold is also pleased to report that the Company has arranged a non-
brokered financing of up to 5,250,000 units (the “Units”) at an offering price of $0.06 to
raise gross proceeds of up to $315,000 (the “ Offering”). The offering is fully
subscribed.
Each Unit is comprised of one Share and one-half of one common share purchase
warrant of the Company (each whole warrant, a “Warrant”). Each Warrant will be
exercisable to purchase one Share at a price of Cdn.$0.10 for a period of twelve (12)
months from the Closing Date, provided that if the closing market price for the Issuer's
common shares on the Exchange is greater than $0.15 per share for a period of ten
(10) consecutive trading days, then the Company may deliver a notice (the "Notice") to
the Purchaser notifying such Purchaser that the Warrants must be exercised within
thirty (30) days from the date of delivery of such Notice, otherwise the Warrants will
expire at 4:00 p.m. (Vancouver time) on the thirty-first (31st) day after the date of
delivery of the Notice.
The securities for the Offering will bear a legend restricting resale until four months from
closing. Finder’s fees, as allowed, may be paid on portions of this financing.
The proceeds from the Offering will be used for further exploration and development of
the Mon Gold Property located in NWT, and for the Company’s general working capital
requirements.
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 (Company
Technical Report NI 43-101, August 3, 2023 on SEDAR or https://sixtynorthgold.com/
projects/technical-report/. 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 to feed a 100 tpd gravity-flotation mill.
Additional gold, silver and base metal targets occur on the property and will be explored
and developed as warranted.
The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better
(Discovery Mine with one million ounces of gold produced, and Sixty North Gold’s Mon
Mine), and two that averaged 15 gpt or better for a total production of over 14 million
ounces of gold (Con Mine and Giant Mine); (ref. Company Technical Report NI 43-101,
August 3, 2023).
The technical content of this release has been reviewed and approved by Dr. D.R.
Webb, P.Geol, President and CEO of Sixty North Gold Mines Ltd..
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.
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