Corporate Highlights

  • The Mon Gold Project is a former underground producer that ran 1989 – 1997 until closure due to low gold prices.
  • Located in the Yellowknife Greenstone Belt, NWT, Canada. Past production in this Belt exceeds 15 million ounces of gold at grades >0.5 oz/tonne, including the Con, Giant and Discovery Mines.
  • Sixty North Gold Mining Ltd. has an option to earn an 80% interest in the Mon Gold Project, subject to a 20% carried interest and a 2% net smelter returns royalty by spending $6m on the project to the end of 2020.
  • Land Use Permit and Water License for limited mining and milling production at 100 tpd are in place; the Mon Gold Project is the only gold project in the NWT permitted for any level of production.
  • Technical Report completed under NI 43-101, dated December 11, 2017.
  • The Mon Gold project is an Archean, turbidite-hosted, stratabound, non-stratiform quartz shear/vein deposit and as such has substantial potential.
  • The overall size, grade and form of the mineralization as well as its host rock assemblage is similar to the Discovery Mine (located 50 km to the north) where 1 million tons of ore were mined and 1 million ounces of gold were recovered between 1949 and 1969. There are no known resources or reserves on the Mon Gold Property and the presence of mineral deposits on properties adjacent to or in close proximity to the Mon Gold Property is not necessarily indicative of mineralization on the Mon Gold Property. The mineralization identified in the A-Zone appears to be a viable exploration target for a “Discovery Mine” type of deposit.
  • Verification continuous chip samples (2016) at the mouth of the central adit (crown pillar) in the former-producing A-Zone averaged grades of 147g/t of gold over 3 m (see NI 43-101 report Dupre and Fitzpatrick, 2017).
  • Next phases of work planned: conducting surface exploration on several targets identified in the 2017 field program; acquisition of the balance of mining equipment and bulk consumables needed to conduct a bulk sample on the A-Zone; mobilize to site via winter road (2019); develop the decline to 20m below the old stope and extract a 1,000 tonne bulk sample (2019).
  • Sixty North Gold is listed on the Canadian Securities Exchange under the ticker symbol SXTY.

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