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Vancouver, British Columbia--(Newsfile Corp. - June 4, 2024) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold")
Sixty North Gold is pleased to announce that it has successfully moved crews to the Mon Gold Mine Property and has commenced installing a temporary camp and dock facilities. The Yellowknife area is experiencing extremely low water levels, challenging many shore-based facilities. The Company plans to bring mining crews to the property next week and full mining operations will commence shortly thereafter.
Mon Gold Mine Isometric View
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The Company plans to extend the existing North Ramp some 60 m to intercept the A-Zone vein 20 m below the historic stopes (see attached graphic). Historically, the vein has produced at 30 gpt gold grades and 1,000 ounces of gold for every vertical meter mined. Historic diamond drilling and limited diamond drilling reported by the Company show that the vein continues to be mineralized over minable widths at the target level (August 2023 NI 43-101 report, SEDAR+, https://sixtynorthgold.com/site/assets/files/3617/2023-08-mon-gold-tech-report.pdf).
Dr. Dave Webb, Ph.D., P.Eng., P.Geol., President & CEO, Director reports, "The Company's board and management are excited to be mining again. We have assembled an outstanding group of miners, camp operators and suppliers who have worked diligently to bring this project forward. Our Mon Gold Mine holds all licenses and permits needed to commence full mining and milling operations. We plan to open up stopes and to bring enough mineralization to surface to confirm the grade and tonnage potential of this project. A 100 tpd mill has been sourced and we plan to acquire it and install it onto the property to commence recovery of gold as quickly as possible."
Sixty North Gold plans to develop stopes (mining zones) during this phase of mining, and the extracted mineralized material will be stockpiled on surface, with assays reported as they are received. Visible gold is historically abundant in the vein and as viewed today, and panned drill-cuttings have been used as a guide to assess the tenor of mineralization during operations. The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery 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 Min and Giant Mine) (ref. Sixty North Gold NI 43-101, August, 2023).