- Sixty North Gold Mining Ltd. (SXTY) extends the east-limb of the A-Zone by 115 metres to the north through sampling on four exposures of the main vein
- The wide exposure on the east-limb returned high grades of gold from a sample
- Other targets on the property include recently discovered silver- and gold-rich targets
- The company also has an option to acquire the Hangstone Property, adjoining to the Mon Property to the east and south
- Sixty North Gold Mining Ltd. (SXTY) is down 9.09 per cent trading at $0.05 per share as of 1:33 p.m. ET
Sixty North Gold Mining (SXTY) has extended the east-limb of the A-Zone following underground sampling on its Mon Gold Property.
The wide exposure on the east-limb returned high grades of gold from a continuous chip sample. This discovery increases the potential beyond what the company had anticipated.
An undocumented stope of the main vein was sampled in three locations. Although the vein had been previously mined causing the removal of the well-mineralized vein, low-grade residual material remained and was sampled.
Sixty North Gold has permits to mine and mill at 100 tonnes per day making the Mon Mine the only gold project currently permitted for production in the NWT.
Sixty North Gold is developing the second level below the historic stopes to commence mining from depths of 40 metres below surface.
Other targets on the property include recently discovered silver- and gold-rich targets. Larger unexposed anomalies have been identified but have not yet been tested.
The property also hosts shear zones that are similar in nature to the deposits at Con and Giant Mines in Yellowknife where 14 million ounces of gold was produced from 28 million tonnes of ore.
The company also has an option to acquire a 100 per cent interest in the highly prospective and contiguous Hangstone Property from an independent prospector. It would adjoin to the Mon Property to the east and south.
Sixty North Gold Mining Ltd. (SXTY) is down 9.09 per cent trading at $0.05 per share as of 1:33 p.m. ET.