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 a 100% interest in the Mon Gold Property, subject to a 2% net smelter returns royalty.   
  • The project has multiple exploration targets defined in the 2017 and 2018 prospecting programs outside the former-producing A-Zone, with two parallel gold trends over 3 km long and a 2.5 km long horizon hosting VMS.
  • The Company also announced in 2022 discovery of a 3.2 km by 0.6 km alteration zone on its Mon Property, identified as Iron Oxide Copper Gold (IOCG), with potentially economic nickel, cobalt, gold, platinum, palladium, and by-product strategic elements which may include uranium, phosphorus, and rare earth elements (REE).
  • The Company intends to conduct an underground bulk sample on the A-Zone and has acquired the mining equipment for this program
  • 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.
  • Mechanized trenching 2017 of the A-Zone crown pillar showed samples ranging in grade from 1.2 gpt gold over 0.90m to 688 gpt gold over 0.50m.
  • Metallurgical testing with a simple gravity and flotation mill circuit yielded recoveries averaging 98.8%.
  • Mining equipment, camp, and bulk supplies were delived to site in March 2021 via winter road, and the Company opened the North Portal and rehabilitated 125 m of ramp, exposing three sections of the high-grade A-Zone vein.
  • Next phases of work planned:   
    • Expand the underground development from elevation 213 m AMSL to 177 m AMSL to open up and expected 30,000 tonnes of vein material below the previous stope
    • Conduct drilling program on various VMS and gold shear zone targets, and an airborne survey of the Hangstone property.
    • Acquire mill equipment and mobilize to Yellowknife, in preparation for transport to site in March 2023.
    • Initiate preliminary work to develop the next level below this to elevation 165 m AMSL (another 45 m below the current development), targeting an additional 25,000 tonnes of vein
  • Sixty North Gold is listed on the Canadian Securities Exchange under the ticker symbol SXTY, on the Frankfurt Stock Exchange under the ticker symbol 2F4, and trades on the OTC-Pink under the symbol SXNTF.
  • The Company has an experienced mine operating, geology and public company team in place.

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