Vancouver, British Columbia–(Newsfile Corp. – May 2, 2024) – Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the “Company” or “Sixty North Gold”).
Closing of Private Placement
Following the announcement on April 17, 2024, regarding the non-brokered private placement, Sixty North Gold Mining Ltd. has successfully closed on 9,980,000 units, raising gross proceeds of $499,000. The private placement consisted of units priced at $0.05 each, with each unit comprising a common share and a non-transferable share purchase warrant.
The insiders participating in the financing and the use of the net proceeds for claim maintenance and exploration signify a strong commitment to the company’s growth and development.
Insights into Mining Operations
The Company owns the Mon Gold Property, located 40 km north of Yellowknife, NWT, where historic production yielded significant amounts of gold in the 1990s. With ongoing exploration efforts and plans to extract high-grade material, Sixty North Gold is strategically positioned for further success in the mining sector.
Future Prospects and Exploration
With identified geophysical targets and plans for drilling additional precious metals rich VMS showings, the Company is poised to expand its resource base and enhance shareholder value through continued exploration and development activities.
Overall, the progress made in securing financing, advancing mining operations, and exploring new resource areas underscores the Company’s commitment to long-term growth and success in the gold mining industry.
To view the source version of this press release, please visit
