Sixty Notrh Gold Mining Ltd Stock Price, News & Analysis

Sixty North Gold (OTC: SXNTF) has ordered a complete 100 tpd crush-grind-gravity-flotation-thicken-filter tailings mill for delivery to the Mon Gold Mine via winter road in early 2026.

Company management says this will be the first gold mill installed on the Yellowknife greenstone belt in over 80 years and will be the only permitted and operating gold mine in the Northwest Territories. Recent site work reopened underground workings, extended the main production ramp to the second level, and intersected the A-Zone 17 m below historic stopes on both east and west limbs, enabling development of four working areas. Ramp development to a third level is planned while the newly discovered DD zone is assessed for stope potential.

Sixty North Gold (OTC: SXNTF) updates progress to restart sustainable gold production at its wholly-owned Mon Gold Mine and announces a fully subscribed non-brokered unit offering.

Key facts: the company says it invested $9 million to acquire and develop Mon Gold, plans to commission a 100 tpd mine and mill in summer 2026, and arranged a fully subscribed offering of 5,250,000 units at $0.06 to raise up to $315,000. Each unit includes one share and one-half warrant (exercise price C$0.10, 12-month term) with an accelerated 30-day call provision if shares trade >C$0.15 for 10 consecutive days. Proceeds will fund exploration, development and working capital.

Sixty North Gold Mining (OTC:SXNTF) has provided a comprehensive update on its Mon Gold Mine development and future operational plans. The company has invested $6.2 million in the project since 2017, including $2.6 million in acquisition costs and $3.6 million in exploration and development.

The company has completed 226 metres of development work and accessed the A-Zone quartz veins. For 2026, Sixty North plans to extract approximately 20,000 tonnes of the A-Zone vein using a mechanized resue method. The company intends to install a 100 tpd mill with estimated capital costs of $1 million. Full production will require additional crew members, increasing daily labor costs to $15,000.

[ "Successfully accessed A-Zone quartz veins below historic stopes that previously yielded 30 gpt gold", "Historic production demonstrated 1,000 ounces of gold per vertical metre", "Plans to extract 20,000 tonnes of A-Zone vein in 2026", "100 tpd mill secured for installation, indicating progression towards production" ]

Sixty North Gold Mining (OTC: SXNTF) has reported initial drilling results from its Volcanogenic Massive Sulphide (VMS) program. The company completed two drill holes testing one of six identified targets from a VTEM Plus© geophysical survey. The drilling intersected massive and semi-massive sulphide horizons, primarily composed of iron sulphides with limited precious metals at subeconomic levels. No significant base metal enrichment was found. The upper conductor tested is interpreted as an iron-rich cap-rock of the VMS system. The company plans to focus future drilling on the lower horizon conductors, which are on strike with the mineralized 5656 Zone. Drilling was suspended early due to warm weather affecting snowmobile trail access. The project's location near the Bluefish Hydroelectric Power Plant and Yellowknife road network provides potential infrastructure advantages.

Sixty North Gold Mining (CSE: SXTY, FSE: 2F40, OTC Pink: SXNTF) has announced a new stock option grant for its leadership team and consultants. The company has authorized incentive stock options allowing the purchase of up to 802,500 common shares.

Key details of the option grant:

• Exercise price set at $0.115 per share
• Options valid until April 28, 2030
• Recipients include directors, officers, and consultants

The technical content of this announcement has been reviewed and approved by Dr. D.R. Webb, who serves as the company's President & CEO and acts as the Qualified Person. Dr. Webb holds Ph.D., P.Geol., and P.Eng. credentials.

Sixty North Gold Mining (OTC: SXNTF) has announced significant drilling results from its Volcanogenic Massive Sulphide (VMS) program. The company intersected three sulphide zones in drill hole VMS1 and two in VMS2 at their Mon Property. The drilling confirmed substantial sulphide concentrations where geophysical surveys had identified them.

In VMS1, Zone 2 showed 4-15% sulphides over 3.5m (true width 3.0m), while VMS2's Zone 2 contained more sulphides with four 1cm massive sulphide zones across an estimated true width of 7m. The property's location near the Bluefish Hydroelectric Power Plant and Yellowknife road network presents potential development advantages with reduced infrastructure costs.

The company plans additional drill holes on the Upper Horizon and will test the Lower Horizon after ice breakup. These VMS deposits could potentially yield copper, zinc, lead, silver, and gold, diversifying the company's portfolio beyond their planned underground Mon Gold Mine.

Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has announced debt settlements with certain company officers, a director, and a consultant. The company will settle a total indebtedness of $151,426.15 through the issuance of 1,514,261 common shares at a deemed value of $0.10 per share, plus GST (paid in cash). The debt represents accrued management and consulting fees from May 1, 2024, to February 28, 2025, and other services. The issued shares will be subject to a 4-month and one-day resale restriction period from their issuance date.

Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has initiated the mobilization of drilling crews to Yellowknife to test multiple Volcanogenic Massive Sulphide (VMS) targets on its wholly-owned Mon Gold Property. The targets were identified through recent geological, geochemical, and geophysical surveys.

The company's 5656 Zone has shown promising results from trench samples, including 1.0 gpt gold, 203 gpt silver, 0.59% lead and 0.96% zinc over 0.45m. Nearby deposits within the same Kam Group volcanics have demonstrated significant mineralization, with the Likely Lake deposit yielding 7.6 metres of 2.5 gpt gold, 204 gpt silver, 6.0% lead, 10.8% zinc, 0.6% copper.

The property features an 8m thick massive sulphide unit within the Mac Tuff, with a one-kilometer-long geochemical anomaly extending south of the 5656 Zone. Multiple TDEM anomalies have been identified with significant conductivity measurements and strike lengths exceeding 200m.

Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has announced plans to drill test several Volcanogenic Massive Sulphide (VMS) targets on its wholly-owned Mon Gold Property this winter. The targets were identified through recent geological, geochemical, and geophysical surveys.

The property features significant geological structures including an 8m thick massive sulphide unit within the Mac Tuff. Notable findings include Anomaly C with samples grading 1.0 gpt gold, 203 gpt silver, 0.59% lead and 0.96% zinc over 0.45m, and Anomalies D, E, F, and G showing various levels of conductivity up to >500,000 S/m.

The company draws comparisons to other significant deposits in the region, such as the Hacket River VMS deposits and the Sunrise Lake deposit, highlighting the potential of the area for substantial mineral resources.