Welcome to our dedicated page for Sixty Notrh Gold Mining news (Ticker: SXNTF), a resource for investors and traders seeking the latest updates and insights on Sixty Notrh Gold Mining stock.
Sixty North Gold Mining Ltd (SXNTF) operates the Mon Gold Property near Yellowknife, focusing on gold exploration and underground mining through modern techniques. This page provides investors with timely updates on operational milestones, exploration results, and corporate developments critical to understanding the company's progress.
Access press releases and news covering infrastructure upgrades, quartz vein analysis, and regulatory compliance. Key updates include A-Zone and DD-Zone exploration, geophysical surveys, and equipment acquisitions. All content adheres to NI 43-101 standards, ensuring technical accuracy and transparency.
Bookmark this page for centralized access to Sixty North Gold Mining's latest announcements. Check regularly for updates on resource expansion, safety protocols, and strategic initiatives in Canada's historic Yellowknife Gold Camp.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has received $122,040 from the exercise of 678,000 warrants at $0.18 each in July. The company has exposed the newly reported DD-Zone in the Main Ramp, averaging 1.2 m in width over 12 m. Historic drilling extends this vein 40 m to surface and 100 m along strike, with an estimated 13,000 tonnes of gold-bearing vein above ramp elevation.
Samples from the West Limb of the A-Zone and DD-Zone have been submitted for assay. The company expects to intersect the east limb of the A-Zone within two weeks. A geotechnical drill program has been completed and thermistors installed. The Mon Gold Property, located 40 km north of Yellowknife, NWT, is being developed for gold mining operations.
Sixty North Gold Mining (CSE: SXTY, OTC Pink: SXNTF) has intersected two gold-bearing quartz veins during development of its Mon Gold Mine. The A-Zone quartz vein was encountered in the 970E crosscut, showing visible gold in a 30 cm wide vein with 3% sulphides. The newly reported DD-Zone, located 10 m west of the A Zone, averages 0.3 to 1.2 m in width with 5% sulphides and visible gold.
Mining operations, which started on June 25, have advanced the Main Ramp by 44 m. The company plans to commence subdrifting on the A-Zone and continue the 970 cross cut. Samples from both zones have been submitted for analysis. A 100 tpd mill has been sourced for future gold recovery operations.
Sixty North Gold Mining has commenced operations at its Mon Gold Mine Property, located 40 km north of Yellowknife, NWT. The company has successfully set up camp and dock facilities and verified all equipment. Mining is now underway with two shifts operating daily. The plan includes extending the existing ramp to access the A-Zone vein 20 meters below historic stopes, with an anticipated 30 meters of progress per week. Gold recovery operations are expected to start soon with a 100 tpd mill.
Sixty North Gold Mining has initiated operations at the Mon Gold Mine Property, setting up a temporary camp and dock facilities amid low water levels in Yellowknife. Mining crews are scheduled to arrive soon, with full operations commencing shortly thereafter. The company aims to extend the North Ramp by 60m to reach the A-Zone vein, known for producing 30 gpt gold grades. Historical data and recent drilling indicate significant mineralization at this level. The company plans to stockpile extracted material and report assays as they are received. A 100 tpd mill will be installed on-site to expedite gold recovery. All resolutions were passed at the recent Annual General Meeting.
Sixty North Gold Mining has issued an early warning report after completing recent debt settlements. The company's President and CEO, David R. Webb, along with associated parties, acquired 1,000,000 common shares, increasing their total holdings to 15,178,607 shares, 8,875,000 warrants, and 805,000 stock options. This represents approximately 48.25% of the company's issued shares on a partially diluted basis. The debt settlements with insiders qualify as related party transactions under MI 61-101 but are exempt from formal valuation and majority approval due to the company's market status and the transaction's value. David Webb plans to hold these shares for investment purposes and may adjust his holdings based on market conditions.
Sixty North Gold Mining announced progress on its operations, purchasing essential equipment and preparing for mining crew deployment by late May 2024. The focus is on redeveloping a high-grade gold mine in the Yellowknife camp. Past operations have yielded significant results, and the company aims to extend the North Ramp to access high-grade historic veins. Additionally, Sixty North Gold has settled $233,000 in debt through share issuance and approved bonuses totaling $19,900, also payable in shares. The company granted stock options to key personnel, allowing the purchase of up to 2,750,000 shares at $0.08 each until May 2029.
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