Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold")
Sixty North Gold Mining Ltd. has received the first batch of assays from the recently developed A-Zone West Limb and the parallel DD-Zone located 12 m to the west. A second set of samples of the East Limb of the A-Zone were submitted August 27 with results anticipated in late September.
The newly recognized DD Zone had seven samples collected with the results as shown below:
Sample
Date
Zone
Details
Description
Gold gpt
J089401
2024-07-09
DD Zone
muck
Quartz with pink alteration
37.5
J089402
2024-07-10
DD Zone
1.3m chp
Quartz with pink alteration
6.3
J089403
2024-07-13
DD Zone
30-32 (2m) chp
Edge qtz with pink alteration
<0.9
J089404
2024-07-13
DD Zone
32-34 (2m) chp
Quartz with pink alteration
9.7
J089411
2024-07-22
DD Zone
970 XCE 1m chp
Quartz with pink alteration
<0.9
J089413
2024-07-23
DD Zone
970 XCE 0.3m chp
Quartz with pink alteration vg
62.6
J089417
2024-07-24
DD Zone
MR 1.5m chp
Quartz with pink alteration
<0.9
muck=composite grab sample from blasted rock. chp = chip sample
The seven samples average 17.24 gpt gold and have an average measured SG of 2.83 gm/cc over sample widths of 0.3 to 2 m.
Figure 1. Fourteen metre slice of an inclined (12% @ 152o) horizontal plane on A-Zone and DD-Zone, Mon Gold Mine.
The East Limb of the A-Zone has been encountered 32 m east of the West Limb where it exposed over 1 m in the 970 XCE. Samples have been collected and will be reported when they are received.
Photo 3. North-facing east limb of A-Zone. Hammer for scale.
Dr. Dave Webb, Ph.D., P.Eng., P.Geol., President & CEO, Director stated, "We are very happy to have confirmed the location of the A-Zone quartz veins of a size and grade as to be economically interesting. Our plan was to expose these veins in preparation for the mining and milling planned for 2025. The discovery of the DD-Zone is an unexpected bonus. Additional sampling will refine these results.
The DD Zone has returned an average grade of 17.24 gpt from seven samples, ranging up to 62.6 gpt gold/0.3 m. It is exposed over 17 m in the Main Ramp where it averages 2.0 m in width. The face of the Main Ramp hosts the DD-Zone where it is 2 m wide on the west-side of the ramp. The West Limb of the A-Zone is narrower than normal and will be tested along strike to confirm widths and grades.
The East Limb of the A-Zone appears to be well mineralized with assays anticipated in late September.
A total of 250 tonnes of mineralized material has been placed on a separate pile. The successful completion of this phase will support the company's acquisition and installation of the permitted 100 tpd mill and relevant infrastructure to restart processing on site. Twelve vein samples were submitted for specific gravity analysis (SPG-04) returning an average of 2.83 gm/cc."
Samples were collected by D.R. Webb and delivered to Bureau Veritas Laboratories (BVI). All assays were completed by BVI, an independent certified laboratory using PRP70-250 preparation and fire assay (FA530-Au) analytical techniques. Two Certified Reference Standards, one at 9.43 gpt +/- 0.44 gpt gold and one blank at <0.01 gpt gold were submitted and returned acceptable results out of 15 submitted samples.
Dr. D.R. Webb, PhD., P.Geol., P.Eng is the Qualified Person and is responsible for the technical details in this release.
About the Company
The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company Technical Report, August 3, 2023, on SEDAR or https://sixtynorthgold.com/projects/technical-report/. 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).
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: dave@drwgcl.com 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.
