Vancouver, British Columbia–(Newsfile Corp. – July 22, 2024) – Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the “Company” or “Sixty North Gold”) is excited to report the discovery of two gold zones during the development of its Mon Gold Mine. This development has uncovered the A-Zone quartz vein, located in the 970E crosscut at elevation 212m AMSL, 16 m below the historic West Stope. Visible gold was observed in a 30 cm wide vein dipping steeply to the west, accompanied by significant pathfinder minerals for gold, reinforcing the potential of the Mon Gold Mine. Additionally, a 14 m wide intensely potassic-altered gabbro containing visible gold was found in the A-Zone.
**Additional Insight:** The discovery of these gold zones showcases the potential for significant gold mineralization at the Mon Gold Mine. The presence of pathfinder minerals and visible gold indicates a promising future for the Company’s mining operations.
The A-Zone extends over 100m on the surface and samples collected from trenches in this vein averaged 116.34 gpt gold over 1.1 m width, as per an independent geologist’s report. Furthermore, historic mining activities extracted 10,000 tonnes from this vein, emphasizing its mineralization potential.
The newly reported DD-Zone, situated 10 m west of the A Zone, showed promising results with historic drill holes returning grades up to 12 gpt gold. The DD Zone, while sub parallel to the A-Zone, dips steeply to the east and exhibits visible gold within a characteristic pink alteration enveloping the vein.
Mining Progress and Plans
The Company has made significant progress in its mining operations, advancing the Main Ramp by 44 m and installing all necessary services and equipment. Sixty North Gold intends to continue development by subdrifting north and south on the A-Zone while extending the 970 crosscut to expose more of the A-Zone quartz vein below the historic stopes.
As part of its exploration efforts, the Company has collected samples from the A-Zone and DD-Zone for analysis at independent certified laboratories. The results from these analyses will provide valuable insights into the mineralization potential of these zones.
Geotechnical Exploration and Future Plans
Sixty North Gold has initiated a geotechnical drill program to install thermistors in compliance with operational licenses, demonstrating a commitment to safe and efficient mining practices.
The Company’s President & CEO, Dr. Dave Webb, expressed satisfaction with the progress made by the mining team and emphasized the successful exposure of the A-Zone in multiple locations. Plans are underway to acquire and install a 100 tpd mill on the property to expedite gold recovery.
About the Company
Sixty North Gold Mining Ltd. is focused on developing gold mining operations on its Mon Gold Property, located 40 km north of Yellowknife, NWT. With a rich history of gold production in the area, the Company aims to leverage this legacy and unlock the full potential of the Mon Gold Mine.
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.
