Sixty North Gold Mining Ltd. reports project developments tied to its wholly owned Mon Gold Mine near Yellowknife in the Northwest Territories. Company updates center on moving the past-producing gold property toward operations, including winter-road access, equipment and camp mobilization, mill delivery and assembly, regulatory reporting, and planned work on the A-Zone and DD-Zone areas.
News also covers financing used for mine development, board and option-grant matters, contractor logistics, site cleanup after wildfire damage, and exploration references to additional gold, silver, base-metal and critical-element targets on the property.
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.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has announced plans for diamond drilling at its wholly-owned Mon Gold Property. The program focuses on two main targets: The DD-Zone, a newly discovered 2m wide vein system adjacent to the past-producing A-Zone, which showed samples up to 62.6 gpt gold, and VMS targets, consisting of four separate volcanogenic massive sulphide locations.
The DD-Zone drilling will involve six holes to test the zone where previous muck samples showed 37.5 gpt gold. The VMS program targets areas with conductors ranging from 45 to 180m in length and 16 to 36m in thickness, with some showing associated magnetic anomalies. Previous samples from the area included intervals with 203 gpt silver, 1.0 gpt gold, 0.56% lead, and 0.96% zinc.
Sixty North Gold Mining (CSE: SXTY) has provided an update on its mining operations at the Mon Gold Mine in Yellowknife, NWT Canada. The company has received a second batch of assays from the recently developed A-Zone East Limb, with chip assays ranging from 62 gpt over 0.3 m to 0.05 gpt over 1 m. In 2024, the company continued mining, reopened the Main Ramp, and completed a cross cut exposing the East and West Limbs of the A-Zone.A new vein, the DD-Zone, was discovered 45 m below surface. The company mined for 44 days in 2024, with no lost time accidents. Approximately 250 tonnes of development muck from the east limb of the A-Zone have been stockpiled. The company plans to install a permitted 100 tpd mill and relevant infrastructure to restart processing on site.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has reported high-grade gold assays from its Mon Gold Property. The newly discovered DD-Zone returned an average of 17.24 gpt gold from seven samples, with values up to 62.6 gpt gold over 0.3m. The DD-Zone is exposed over 17m in the Main Ramp, averaging 2.0m in width.
The West Limb of the A-Zone returned 5.5 gpt gold over 0.3m, while assays for the East Limb are pending. The company has stockpiled 250 tonnes of mineralized material and plans to install a 100 tpd mill to restart on-site processing in 2025.
These results support Sixty North Gold's goal of developing mining operations at the Mon Gold Property, which is part of the Yellowknife gold camp that has historically produced over 14 million ounces of gold.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has intersected the East Limb of the A-Zone at its Mon Gold Property, revealing a 1.0 m wide quartz vein with visible gold. The intersection occurred in the 970 Crosscut East, 50 m from the Main Ramp and 42 m east of the West Limb. This discovery is 8 m below a previously mined area that yielded 2,085 tonnes at 25.57 gpt gold.
The company has also identified an estimated 2,800 tonnes of East Limb vein, 5,500 tonnes of West Limb vein, and 18,000 tonnes of DD Zone vein above the 970 XCE. All zones remain open to depth and along strike. Assay results from the first batch of samples are expected in early September, with a second batch to follow in October.
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.