Business
Sixty North Gold Mining Announces Debt Settlements
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces that it has arranged debt settlements with certain officers and a director of the Company, as well as a consultant of the Company, to settle a total of $151,426.15 in indebtedness for accrued management and consulting fees from the period May 1, 2024 to February 28, ...
About this update from Sixty North Gold Mining Ltd
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 24, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces that it has arranged debt settlements with certain officers and a director of the Company, as well as a consultant of the Company, to settle a total of $151,426.15 in indebtedness for accrued management and consulting fees from the period May 1, 2024 to February 28, 2025, and other services, to be paid by the issuance and delivery of a total of 1,514,261 common shares of the Company in the aggregate, at a deemed value of $0.10 per share, plus GST (paid in cash). The shares will be subject to resale restrictions for a period of 4 months and a day from their date of issuance.","length":784,"tagName":"p"},{"type":"text","content":"About the Company","length":17,"tagName":"p"},{"type":"text","content":"The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company Technical Report, August 3, 2023, on SEDAR or https://sixtynorthgold.com/projects/technical-report/. The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery and Sixty North Gold's Mon Mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con Min and Giant Mine) (ref. Sixty North Gold NI 43-101, August, 2023).","length":613,"tagName":"p"},{"type":"text","content":"Other targets on the property include silver and gold-rich volcanogenic massive sulphide (VMS) targets, as well as partially-exposed shear zone-hosted gold mineralization.","length":171,"tagName":"p"},{"type":"text","content":"For more information, please refer to the Company's public filings available on SEDAR+ (www.sedarplus.ca), under the Company's profile.","length":143,"tagName":"p"},{"type":"text","content":"ON BEHALF OF THE BOARD OF DIRECTORS","length":35,"tagName":"p"},{"type":"text","content":""Dave Webb"Dave Webb, President & CEO","length":52,"tagName":"p"},{"type":"text","content":"For further information, please contact:","length":40,"tagName":"p"},{"type":"text","content":"Dave WebbTel.: 604 818-1400 Email: [email protected]: www.sixtynort...