Sixty North Gold Resupply of the Mon Gold Property, NWT
Vancouver, April 11, 2022 - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold"):
Sixty North Gold is pleased to announce that the resupply of the mine site has been fully completed without any lost-time accidents or incidents. A total of 95,000 litres of diesel, 5 tonnes of explosives, plus propane, lumber, steel, and miscellaneous consumable materials as well as the recently acquired diamond drill were moved to site over a 14 day period on a winter road that attained minimum ice thickness of 92 cm with a maximum thickness reported of 182 cm. Photographs and videos of this activity will be available soon on the company's website.
Dr. D.R. Webb, reports, "We wish to thank our contractors and employees for performing in a most professional way, ensuring environmental protection while efficiently carrying out this logistics project. We are now well prepared to recommence mining by driving an additional 70 m of 3m x 4m ramp to the high-grade portion of the A-Zone, below the historic stopes where 15,000 tonnes of 30 gpt ore was mined and processed. Crews are being lined up to restart operations as soon as possible. Historic diamond drilling supports the size and grade of the vein at our target location."
About the Company
The Company is developing mining operations for gold on the Mon Gold Property, 40 km north of Yellowknife, NWT. Past production extracted 15,000 tonnes of ore to depths of only 15 m below surface, recovering an estimated 15,000 ounces of gold.
The Mon Gold Property consists of 11 contiguous mining leases and 3 mineral claims, comprising an aggregate 1,536.92 acres, located in the South MacKenzie Mining District, NWT. The Company is commencing mining and milling the high-grade A-Zone in a manner similar to past operations. The Discovery Mine, located 45 km north of the Mon Property started at 100 tpd and increased its production over 20 years to nearly 100,000 ounces per year, shutting down in 1969 (total production 1 million ounces of gold). The Con Mine, located 45 km to the south commenced at 100 tpd in 1938 and produced over 6 million ounces of gold. We feel that history of gold production in this belt supports our plans and designs. For more information, please refer to the Company's Prospectus dated January 19, 2018, available on SEDAR (www.sedar.com), 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, 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 Prospectus dated January 19, 2018, available on SEDAR (www.sedar.com), under the Company's profile.
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119977