202616 releases
Sixty North Gold Announces Debt Settlements and Option Grants
Debt settlements have been arranged with certain officers and directors to settle $130,000 in accrued management and consulting fees from October 1, 2025 to September 30, 2026, through the issuance of 928,570 common shares at $0.14 per share within five business days, subject to no CSE objection, with a four-month-and-a-day resale restriction. The company also granted stock options to directors, officers and consultants for up to 1,275,000 common shares at $0.14 until October 2, 2031, with no vesting provisions.
CorporatePlanned Arctic Economic And Security Corridor All-Weather Road Positively Affects Sixty North Gold’s Mon Gold Mine, NWT
The proposed route for the Arctic Economic and Security Corridor, agreed between the Yellowknives Dene First Nation and Tłı̨chǫ Government, encompasses Sixty North Gold's wholly-owned Mon Gold Mine near Yellowknife, NWT. The AESC is a proposed 400 km +/- all-season highway through the Slave Geological Province to the Nunavut border, connecting with the Grays Bay Road; it was referred to the federal Major Projects Office in March 2026. The Company says all-weather road access would reduce operating costs by avoiding winter road construction.
NewsSixty North Gold Updates Activities at Mon Gold Mine, NWT
A 20-man camp is assembled and operational at the wholly-owned Mon Gold Mine near Yellowknife, NWT, with equipment maintenance complete, blast rock cleared from the mill pad, and mill assembly ready to begin, with mining to start as the mill nears completion. Of the sixteen Management Plans required under the Type B Water License, nine have been accepted by the MVLWB and the remainder are under review; the Water and Groundwater Management and Monitoring Plan was rejected with direction to collect samples over 14 months before resubmission. A board directive permitting advanced exploration activities was changed in spring 2026 to allow only activities in approved Management Plans.
CorporateSixty North Gold Advances Development At Mon Gold Mine, NWT
Development work to start gold production this year at the wholly-owned Mon Gold Mine near Yellowknife, NWT, is on schedule with only modest delays. Camp assembly is complete and inspectors have authorized clearing of the mill pad and road construction to the dry stack tailings facility, with a revised mill Design and Construction Plan submitted to the MVLWB. Mill assembly (9 to 13 weeks) awaits approval, and operations require remaining Management Plan approvals, including the Water and Groundwater Management Plan.
CorporateSixty North Gold Updates Scheduled Development At Mon Gold Mine, NWT
Planned start-up of gold production at the wholly-owned Mon Gold Mine near Yellowknife, NWT will be delayed after the Mackenzie Valley Land and Water Board asked all mine and mill developers lacking an approved Water Management Plan to collect additional baseline sampling before submitting that plan; only limited on-site activity is currently permitted. Twelve management plans have been submitted and six approved. The Advanced Exploration Plan under an October 24, 2022 board directive is no longer effective; equipment and supplies are on site and crews are mobilizing.
CorporateSixty North Gold Updates Scheduled Development At Mon Gold Mine, NWT
All mining and milling equipment is on site at the wholly-owned Mon Gold Mine north of Yellowknife, NWT, with a May 6 site visit confirming partial snow cover and ice-covered lakes; breakup remains on schedule for late May to early June, when crews and supplies can be flown in. Six of twelve management plans submitted to the Mackenzie Valley Land and Water Board have been approved. Mill construction is expected to take a minimum of 60 days, with operations at the permitted 100 tpd rate planned to start this summer from four prepared stopes.
CorporateSixty North Gold Clears Another Hurdle To Production As Equipment Now Mobilized To Mon Gold Mine, NWT
All equipment has been mobilized by winter road to the wholly owned Mon Gold Mine north of Yellowknife, NWT, within budgeted expenditures and with no lost time accidents or environmental incidents; residual material from the burned camp, spent batteries and garbage were removed to authorized facilities in Yellowknife. Mill construction and operations at the permitted 100 tpd design rate are planned to commence this summer, extracting vein material from four stopes on the second level below historic stopes that averaged 30 gpt gold.
CorporateSixty North Gold Crews And Equipment Mobilized To Mon Gold Mine, NWT
Substantially all equipment for the wholly-owned Mon Gold Mine near Yellowknife, NWT, has been mobilized to Yellowknife or is being prepared for shipment from Edmonton, including the mill, excavators, bulldozers, camp, steel, lumber and fuel, with more than 300,000 kg of supplies estimated to reach site before winter road access ends in late March or early April. The mill, shipped from China, will be trucked this week for commissioning at its 100 tpd design rate. Spending is within budget, though fuel costs may exceed initial amounts. Mining is planned from four stopes on the second level.
CorporateSixty North Gold Crews And Equipment Mobilized To Mon Gold Mine, NWT
Construction of the winter road from Highway 4, 20 km east of Yellowknife, to the wholly-owned Mon Gold Mine in the NWT is complete, and crews are mobilizing to move equipment onto the property. The mill shipment from China is expected at Deltaport on March 6, 2026, for rail and truck transport to the mine, with assembly starting late April and commissioning of the 100 tpd mill planned for late June or early July, operating 24/7 on second-level A-Zone material. Since the fiscal year ended October 31, 2025, 1,475,000 shares were issued on warrant exercises for gross proceeds of $156,750.
CorporateSixty North Gold Provides Update On Mon Gold Mine Logistics And Development
A new 100 tpd mill is on a container ship due to land in Canada on February 20, 2026, bound for the wholly owned Mon Gold Mine near Yellowknife, NWT. Construction of the winter road from Highway 4, 20 km east of Yellowknife, to the mine site is progressing, with 19 truckloads of supplies to be hauled in February and March. Mill assembly is planned for late April, with commissioning in June and July and 24/7 operation treating material from the second level of the A-Zone vein.
CorporateSixty North Completes Non-Brokered $1,500,000 Unit Offering
A non-brokered unit financing has closed for gross proceeds of $1,500,000, as detailed in the company's January 21, 2026 release. Two finders received fees totaling $51,000.00 in cash and 480,000 finder's warrants, rather than the 204,000 finder's warrants previously reported; the finder's warrants carry the same terms as the offering warrants. Proceeds will fund further exploration and development of the Mon Gold Property in NWT and general working capital.
FinancingSixty North Gold To Close Non-Brokered $1,500,000 Unit Offering
A non-brokered offering of 6,000,000 units at $0.25 per unit for gross proceeds of $1,500,000 is expected to close within the next five business days, subject to the CSE raising no objection. Each unit includes one common share and one-half warrant exercisable at $0.30 for one year, with a four month and a day hold period; two finders will receive $51,000 in cash and 204,000 finders warrants. Proceeds will fund exploration and development at the Mon Gold Property in NWT and general working capital.
FinancingSixty North Gold Provides Project Update On Winter Road To Mon Gold Mine
Construction has begun on the southern half of the winter road to the wholly-owned Mon Gold Mine near Yellowknife, NWT, running approximately 15 km north from Highway 4 across Prosperous Lake; Matrix will build and manage the remaining roughly 30 km starting next month. A total of 19 truckloads of supplies, including the 100 tpd mill, will be hauled to site in February and March. Mill assembly is planned for late April, with commissioning in June and July.
CorporateSixty North Gold Announces Non-Brokered $1,500,000 Unit Offering
A non-brokered offering of up to 6,000,000 units at $0.25 per unit for gross proceeds of up to $1,500,000 is planned, with each unit comprising one share and one-half warrant exercisable at $0.30 for one year from closing. Eligible finders may receive up to 8% in cash and 8% in warrants, with Leede Financial Inc. acting as finder. Proceeds will fund exploration and development of the Mon Gold Property in NWT and general working capital. Insiders may participate.
FinancingSixty North Gold Provides Project Update
Mill equipment for the wholly-owned Mon Property near Yellowknife, NWT will be ready for shipping next week, travelling by ship to Vancouver and rail to Edmonton. A refurbished six-unit trailer camp purchased in Alberta will be delivered in February 2026 along with the mill and ancillary equipment and supplies, with contract crews engaged for movement and assembly. Sixty North Gold expects mining to restart in the first half of 2026, with gold pours within two months of that.
CorporateSixty North Gold Announces Two New Board Members And Option Grants
Daniel Martin, a CFA charterholder and former investment banker based in Calgary, and Michelle Legat, P.Geo., Senior Vice President, Geosciences at GeologicAI, have joined the board of Sixty North Gold Mining Ltd. as it advances its 100%-owned Mon Gold Project near Yellowknife, NWT. The Company also granted incentive stock options to directors, officers and consultants covering up to 1,537,500 common shares at an exercise price of $0.30 per share until January 5, 2031, with no vesting provisions.
Management
202523 releases
Sixty North Gold Closes Project Financing to Restart Operations at the High-Grade Mon Gold Mine
A $3,600,000 term loan from Vesta Wealth Partners Ltd., first announced November 17, 2025, has closed, with proceeds directed to development to production at the wholly-owned Mon Gold Mine, 45 km north of Yellowknife, NWT. The loan is advanced in three scheduled payments, repayable within 36 months, bearing 12% interest annually with no principal payments until December 2026, and includes 6,650,000 warrants at $0.14 for three years, a 2.5% net smelter return royalty and two Vesta board nominees. The mine is designed to feed 100 tpd to its recently purchased mill.
FinancingSixty North Gold Announces Closing of Second Tranche of Unit Offering
The second and final tranche of Sixty North Gold's unit offering closed with 8,904,320 units sold for gross proceeds of $979,475.20, bringing total gross proceeds from both tranches to $1,649,969.20. Each $0.11 unit included one common share and one non-transferable warrant exercisable at $0.15 for 24 months from closing, with resale restricted until March 22, 2026. Finder's fees of $76,758 cash and 697,800 finder's warrants were paid; no insiders participated. Proceeds will fund exploration and development at the Mon Gold Property in NWT and working capital.
FinancingSixty North Gold Announces Project Financing To Restart Operations At The High-Grade Mon Gold Mine
A binding commitment letter signed November 17, 2025 with Vesta Wealth Partners Ltd. provides a $3,600,000 term loan, paid in three scheduled instalments and repayable within 36 months of closing, to fund development to production at the wholly-owned Mon Gold Mine, 45 km north of Yellowknife, NWT. Terms include 12% annual interest with no principal payments until December 2026, 6,650,000 warrants at $0.14 for three years, a 2.5% net smelter return royalty buyable back for up to $5,000,000, first-ranking security over the mine, and two Vesta board nominees. Closing is subject to definitive agreements and CSE approval.
FinancingSixty North Gold To Close Second And Final Tranche Of Unit Offering
The second and final tranche of the unit offering is expected to close, consisting of 8,904,320 units for gross proceeds of $979,475.20, bringing total gross proceeds from both tranches to $1,649,969.20. Each $0.11 unit includes one common share and one non-transferable warrant exercisable at $0.15 for 24 months from closing; finder's fees of $76,758 cash and 697,800 finder's warrants were paid on portions of the tranche. Net proceeds will fund exploration and development of the Mon Gold Property in NWT and general working capital.
FinancingSixty North Gold Announces Closing of First Tranche of Unit Offering
The first tranche of Sixty North Gold's unit offering has closed, consisting of 6,095,400 units for gross proceeds of $670,494, with each unit comprising one share and one warrant exercisable at $0.15 for 24 months from closing. Finder's fees of $14,039.52 cash and 127,632 finder's warrants were paid, and securities carry a resale legend until March 7, 2026. CEO David Webb subscribed for 1,000,000 units, bringing his holdings to 16,077,790 shares, or 26.8%. Proceeds will fund exploration and development at the Mon Gold Property in NWT and working capital; a second tranche is expected shortly.
FinancingSixty North Gold Announces Purchasing 100 TPD Mill For Its Wholly-Owned Mon Gold Mine
An order has been placed for a complete 100 tpd crush-grind-gravity-flotation-thicken and filter tailings mill, to be delivered to the wholly-owned Mon Gold Mine site by winter road in early 2026. Recent underground work has reopened workings and extended the main production ramp to the mine's second level, with cross cuts intersecting the A-Zone 17 m below historic stopes on both the east and west limbs, allowing four working areas.
NewsSixty North Gold Increases Size of Non-Brokered Unit Offering
The non-brokered unit offering first announced October 22, 2025 has been increased to up to $1,650,000 in gross proceeds, consisting of up to 15,000,000 units at $0.11 per unit, on the same terms as previously announced. Underlying securities carry a hold period of four months and a day from issuance. Proceeds will fund further exploration and development of the Mon Gold Property in the Northwest Territories and general working capital.
FinancingSixty North Gold to Close First Tranche of Non-Brokered $1,500,000 Unit Offering
A first tranche of up to 5,454,545 units at $0.11 per unit for gross proceeds of up to $600,000 is expected to close on or about November 5, 2025, under a non-brokered offering of up to 13,636,363 units announced October 22, 2025, subject to CSE raising no objection. Each unit includes one common share and one warrant exercisable at $0.15 for 24 months. Finders receive 8% cash and 8% warrants; Leede Financial acted as finder. Proceeds are for exploration and development of the Mon Gold Property in NWT and working capital.
FinancingSixty North Gold Announces Closing of Second and Final Tranche of Unit Offering
A second and final tranche of 833,333 units closed for gross proceeds of $50,000, bringing total gross proceeds from the offering to $307,100. Each $0.06 unit consists of one share and one-half warrant exercisable at $0.10 for twelve months, subject to accelerated expiry if the shares close above $0.15 for ten consecutive trading days; securities are restricted from resale until February 25, 2026 and no finder's fees were paid on this tranche. Proceeds are for exploration and development of the Mon Gold Property in NWT and general working capital.
FinancingSixty North Gold Announces Debt Settlements
Debt settlements totalling $105,000 have been arranged with certain officers and directors of Sixty North Gold Mining Ltd., covering accrued management and consulting fees from March 1, 2025 to September 30, 2025. The debt will be settled through the issuance of 954,543 common shares at a deemed value of $0.11 per share, subject to a four-month-and-a-day resale restriction, with GST paid in cash. As related party transactions under MI 61-101, the Company intends to rely on exemptions from formal valuation and minority approval requirements.
CorporateSixty North Gold Announces Closing of First Tranche of Unit Offering
A non-brokered offering of up to 13,636,363 units at $0.11 per unit for gross proceeds of up to $1,500,000 is planned, with each unit comprising one common share and one non-transferable warrant exercisable at Cdn.$0.15 for 24 months from closing. Leede Financial Inc. will act as finder for 8% cash and 8% warrant fees on proceeds from investors it introduces. Proceeds will fund exploration and development at the Mon Gold Property in NWT and general working capital, including plans to install a 100 tpd gold mill in summer 2026.
FinancingSixty North Gold Announces Non-Brokered $1,500,000 Unit Offering
A non-brokered offering of up to 13,636,363 units at $0.11 per unit for gross proceeds of up to $1,500,000 is planned, with each unit comprising one common share and one non-transferable warrant exercisable at Cdn$0.15 for 24 months from closing. Leede Financial Inc. will act as finder for 8% cash and 8% warrant fees on proceeds from investors it introduces. Proceeds will fund exploration and development of the Mon Gold Property in NWT and general working capital. Insiders may participate.
FinancingSixty North Gold Provides Mon Gold Mine Update and Announces Non-Brokered Unit Offering
A fully subscribed non-brokered offering of up to 5,250,000 units at $0.06 for gross proceeds of up to $315,000 has been arranged, with each unit comprising one share and half a warrant exercisable at Cdn.$0.10 for twelve months, subject to an acceleration clause above $0.15 for ten consecutive trading days. Proceeds will fund exploration and development at the wholly-owned Mon Gold Property in NWT and working capital. The Company plans to commission a 100 tpd gold mine and mill in summer 2026, having invested over $9 million to date.
CorporateSixty North Gold Announces Mine Development Update
A total of 226 metres of development has been completed at the Mon Gold Mine, accessing the A-Zone quartz veins below two historic stopes, with $6.2 million invested in the project since 2017, including $2.6 million in acquisition and $3.6 million in exploration and development costs. In 2026 the Company plans 137 m of subdrifting on the east and west limbs to extract about 20,000 tonnes via mechanized resue, and to acquire and install a 100 tpd mill in spring 2026 at a quoted cost of about $1,000,000 plus $344,564 in environmental bonding. No NI 43-101 technical report recommending a production decision has been completed.
CorporateSixty North Gold Announces Drill Intersection of Massive Sulphides Returns Anomalous Gold Values
The first two holes of a VMS drill program at the Mon Gold Project near Yellowknife, NWT intersected massive and semi-massive sulphides: VMS 1 returned 0.03 gpt gold over 3.5 m (2.7 m estimated true width) from 59.5 m, and VMS 2 returned 0.04 gpt gold over 9.8 m (4.9 m true width) from 81.2 m, with no significant silver or base metal values. Drilling was suspended early as warm weather made snowmobile trails inaccessible. One of six geophysical targets was tested; the lower horizon conductors are now the priority.
Drill resultsSixty North Gold Announces Option Grants
Incentive stock options to purchase up to 802,500 common shares have been granted to directors, officers and consultants at an exercise price of $0.115 per share, expiring April 28, 2030. Sixty North Gold is developing its 100-per-cent-owned Mon Gold Project, where the North ramp has been reopened and extended to the target portion of the vein. A VMS target was drill tested in April with several zones of sulphide enrichment; assays are pending.
CorporateSixty North Gold Announces Intersection of Massive Sulphides Encountered in Drilling of the Upper Conductor on the Mon Property
The first two holes of a VMS drill program on the Mon Property intersected three sulphide zones in DDH VMS 1 and two in DDH VMS 2, testing Upper Horizon conductors identified by VTEM Plus surveying and Mira Geosciences modelling. VMS 1 returned 4-15% pyrrhotite, pyrite, chalcopyrite and arsenopyrite from 59.5 m to 63 m (estimated 3.0 m true width), while VMS 2 returned 8-20% sulphides from 81.2 m to 91 m. Core will be submitted for assay shortly, with further Upper Horizon holes planned and Lower Horizon testing after ice breakup.
Drill resultsSixty North Gold Announces Closing of Second and Final Tranche of Non-Brokered Unit Offering
The second and final tranche of a non-brokered unit offering closed, with 1,737,500 units sold at $0.0825 for gross proceeds of $143,343.75, bringing total net proceeds from both tranches to $242,094.75. Each unit includes one common share and one warrant exercisable at $0.11 for 18 months, subject to an acceleration clause if shares trade above $0.18 for ten consecutive days. Finders' fees of $1,485 cash and 18,000 warrants were paid. Proceeds fund exploration and development at the Mon Gold Property, NWT, and working capital.
FinancingSixty North Gold Mining Announces Debt Settlements
Debt settlements have been arranged with certain officers, a director and a consultant to settle $151,426.15 in indebtedness for accrued management and consulting fees from May 1, 2024 to February 28, 2025 and other services. The debt will be paid through the issuance of 1,514,261 common shares at a deemed value of $0.10 per share, plus GST paid in cash, subject to a four-month-and-a-day resale restriction. Sixty North Gold is developing its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT.
CorporateSixty North Gold Announces Closing of First Tranche of Unit Offering
A first tranche of 1,214,982 units has closed for gross proceeds of $100,236. Each unit comprises one common share and one non-transferable warrant exercisable at $0.11 for 18 months, subject to acceleration if the CSE closing price exceeds $0.18 for ten consecutive trading days; securities are restricted from resale until July 22, 2025. An additional tranche is expected shortly, with net proceeds directed to exploration and development of the Mon Gold Property in NWT and general working capital.
FinancingSixty North Gold Announces a Non-Brokered Unit Private Placement to Raise up to $250,000
A non-brokered private placement of up to 3,030,303 units at $0.0825 per unit will raise gross proceeds of up to $250,000. Each unit comprises one common share and one non-transferable warrant exercisable at $0.11 for 18 months, subject to an acceleration clause if the CSE closing price exceeds $0.18 for ten consecutive trading days; securities carry a four-month-and-a-day hold period. Net proceeds are for exploration and development of the Mon Gold Property in NWT and general working capital.
FinancingSixty North Gold Mobilizes Drill Crews To Test The Recently Discovered Precious Metals-Rich VMS Targets On Its Wholly-Owned Mon Gold Property, Yellowknife, NWT
Drill crews are being mobilized to Yellowknife starting this week to test volcanogenic massive sulphide targets on the wholly-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Targets were defined by geological, geochemical and geophysical surveys, including composite VTEM Plus TDEM anomalies E, F and G with modeled conductivities from 1 S/m to greater than 500,000 S/m, widths over 30 m and individual strike lengths over 200 m. Trench samples at the 5656 Zone graded 1.0 gpt gold, 203 gpt silver, 0.59% lead and 0.96 zinc over 0.45 m.
Drill resultsSixty North Gold Updates Its Drilling Plans On The Wholly-Owned Mon Gold Property, Yellowknife, NWT
Drilling of several volcanogenic massive sulphide targets on the wholly-owned Mon Gold Property, 40 km north of Yellowknife, NWT, is planned to begin this winter, with targets defined by recent geological, geochemical and geophysical surveys. Anomaly C sits on a massive sulphide horizon with trench samples grading 1.0 gpt gold, 203 gpt silver, 0.59% lead and 0.96 zinc over 0.45 m; VTEMplus conductivities for the anomalies range from 1 S/m to over 500,000 S/m.
Drill results
202414 releases
Sixty North Gold Mining Plans Diamond Drilling On Its Wholly-Owned Mon Gold Property, Yellowknife, NWT
Diamond drilling is planned this winter on the wholly-owned Mon Gold Property, 40 km north of Yellowknife, NWT. A six-hole surface program will test the newly discovered 2 m wide DD-Zone adjacent to the past-producing A-Zone, up dip and along strike of a 17 m underground exposure that returned 37.5 gpt gold from a muck sample and chip samples ranging from nil to 62.6 gpt gold across 30 cm. A second program will test four volcanogenic massive sulphide targets, where up to five conductors 45 to 180 m long and 16 to 36 m thick have been modeled.
Drill resultsSixty North Gold Mining Update on Mining Operations at its Wholly-Owned Mon Gold Mine, Yellowknife, NWT
A second batch of chip assays from the newly developed A-Zone East Limb at the wholly-owned Mon Gold Mine, 40 km north of Yellowknife, NWT, returned 3.56 gpt gold over 1 m, with 2024 program results ranging from 62 gpt over 0.3 m to <0.05 gpt over 1 m. The newly encountered DD Zone averaged 17.24 gpt from seven samples, up to 62.6 gpt over 0.3 m, exposed over 17 m and averaging 2.0 m wide. Mining ran 44 days, costing $140 per tonne mined; operations are suspended for the season with about 250 tonnes stockpiled.
CorporateSixty North Gold Mining Reports Initial Assays Return High-Grade Gold Values up to 62.6 gpt from the A-Zone and DD-Zone
Initial assays from the newly recognized DD-Zone at the 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT, returned seven samples averaging 17.24 gpt gold, up to 62.6 gpt over 0.3 m, with the zone exposed over 17 m in the Main Ramp at an average 2.0 m width. A single 0.3 m sample from the A-Zone West Limb graded 5.5 gpt. East Limb A-Zone samples submitted August 27 are expected in late September, and 250 tonnes of mineralized material has been stockpiled.
Drill resultsSixty North Gold Mining Intersects East Limb Of The Rich Gold-Bearing A-Zone
Underground development at the Mon Gold Property, 40 km north of Yellowknife, NWT, intersected the East Limb of the A-Zone, exposing a 1.0 m wide quartz vein and silicified zone with visible gold and less than 2% sulphides. The vein was cut in the 970 Crosscut East, 50 m from the Main Ramp and 42 m east of the West Limb at 212 AMSL. Assays from samples submitted July 24 are due the first week of September, with a second batch expected in early October.
Drill resultsSixty North Gold Mining Receives $122,040 From Warrant Exercise, And Provides Update On Operations
The exercise of 678,000 warrants at $0.18 delivered $122,040 to the company in July. At the 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT, the newly reported DD-Zone is exposed for 12 m in the 3m x 4m Main Ramp, averaging 1.2 m in width, with an estimated 13,000 tonnes of gold-bearing vein above ramp elevation to surface. Samples from the A-Zone West Limb and DD-Zone were submitted for assay in late July, and crosscut 970 XCE is expected to intersect the A-Zone east limb within two weeks.
FinancingSixty North Gold Mining Intersects Two Gold-Bearing Quartz Veins During Mining Operation
Two gold-bearing quartz veins were intersected during development at the wholly-owned Mon Gold Mine, 40 km north of Yellowknife, NWT. The A-Zone was cut in the 970E crosscut at 212m AMSL, 16 m below the historic West Stope, showing visible gold in a 30 cm wide vein with 3% sulphides; the DD-Zone, 10 m west, is exposed for 7 m in the Main Ramp. Mining began June 25 and has advanced the Main Ramp 44 m; samples have been submitted for analysis and a 100 tpd mill has been sourced.
Drill resultsSixty North Gold Mining Commences Mining
Mining has commenced at the 100%-owned Mon Gold Mine Property, 40 km north of Yellowknife, NWT, with two shifts per day, seven days per week, following installation of a temporary camp and dock facilities and checks of mobile and fixed equipment. The company plans to extend the existing ramp to intercept the A-Zone vein 20 m below historic stopes, anticipating 30 m of advance per week and encountering the vein in 15 to 20 days. A 100 tpd mill has been sourced for planned acquisition and installation.
CorporateSixty North Gold Mining Operational Update
Crews have mobilized to the 100%-owned Mon Gold Mine Property, 40 km north of Yellowknife, NWT, where installation of a temporary camp and dock facilities has begun; mining crews arrive next week with full mining operations to follow. The company plans to extend the existing North Ramp about 60 m to intercept the A-Zone vein 20 m below historic stopes, stockpiling mineralized material on surface with assays reported as received. A 100 tpd mill has been sourced for acquisition and installation. All resolutions passed at the May 27 AGM.
CorporateSixty North Gold Mining Announces Operational Update, Debt Settlements, and Option Grants
A tent camp has been purchased and other light equipment and supplies are being acquired for the restart of mining at the 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT, with mining crews expected on site around the end of May 2024. The company will settle $233,000 in accrued management and consulting fees owed to officers, a director and a consultant through 3,883,332 shares at a deemed $0.06 per share, plus $19,900 in bonuses via 331,666 shares on the same terms. It also granted 2,750,000 options at $0.08 until May 14, 2029.
CorporateSixty North Gold Mining Announces Closing of Unit Offering
A non-brokered private placement closed on 9,980,000 units at $0.05 per unit for gross proceeds of $499,000, out of the up to 13,800,000 units and $690,000 announced April 17, 2024. Each unit includes one common share and one non-transferable warrant exercisable at $0.08 for one year, subject to accelerated exercise if the share price exceeds $0.16 for ten consecutive trading days. Insiders subscribed for $400,000; finders fees of $1,760 and 35,200 finders warrants are payable. Proceeds will fund claim maintenance, exploration and development of the company's properties, including the Mon Gold Property near Yellowknife, NWT, and general corporate purposes.
FinancingSixty North Gold Mining Announces a Unit Offering
A non-brokered private placement of up to 13,800,000 units at $0.05 per unit has been proposed, for gross proceeds of up to $690,000. Each unit comprises one common share and one non-transferable warrant exercisable at $0.08 for one year from closing, subject to an acceleration provision if the CSE closing price exceeds $0.16 for ten consecutive trading days. Proceeds will fund claim maintenance, exploration and development of the Company's properties and general corporate purposes; a 10.0% finder's fee may be paid.
FinancingSixty North Gold Mining Discloses Plans for the Development of the Mon Property, Yellowknife, NWT
Plans for 2024 at the past-producing Mon Gold Mine, 40 km north of Yellowknife, NWT, include installing a temporary camp to replace trailers destroyed by a wildfire last year and restarting mining of the A-Zone. The North Ramp was previously widened to three by four metres and advanced 132 m, to within 60 m of the planned initial mining location, 20 m below historic stopes that produced 15,000 tonnes grading 30 gpt. Crews are expected to take four weeks to reach the initial mining level, after which a bulk sample will be brought to surface and assayed. The Company holds permits to mine and mill on site.
CorporateUpdate on Sixty North Gold Mining Ltd. and the Development of the Mon Property, Yellowknife, NWT
A $388,138.19 insurance settlement has been accepted for the Company's camp at the Mon Gold Property near Yellowknife, NWT, which burned in August 2023 during the Northwest Territories wildfires. Major equipment and supplies were unaffected, and a temporary camp is planned so mining can restart within a few months, developing the vein below the historic stopes and bringing vein material to surface. A mill is planned for installation in early 2025, with gold production shortly afterward. The North Ramp has been extended to within 60 m of the target vein.
Corporate