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Sixty North Gold Mining Announces Four Distinct Drill Targets for Its Silver- and Gold-Rich VMS Deposits from Preliminary Results of Mira Geoscience Review
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2020) - Sixty North Gold Mining Ltd. (CSE: SXTY) (OTC Pink: SXNTF) (FSE: 2F4) (the "Company" or "Sixt
About this update from Sixty North Gold Mining Ltd
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 14, 2020) - Sixty North Gold Mining Ltd. (CSE: SXTY) (OTC Pink: SXNTF) (FSE: 2F4) (the \"Company\" or \"Sixty North Gold\") Sixty North Gold is pleased to announce that it has received preliminary results on a review of our 2019 VTEM Plus © airborne survey from Mira Geoscience. Dave Webb states \"It is very exciting to have identified four distinct drill targets on the property. Mira Geoscience has the tools and experience to help us focus on bigger and better geophysical targets within favourable rocks that have been shown in places to host economically significant grades. Our proximity to power and transportation makes these viable exploration targets and the company is currently permitted to drill test these.\" Trenching had identified a 240 m long zone of massive and disseminated sulphides that returned trench assays including 0.45m of 203 gpt silver, 1.0 gpt gold, 0.59% lead and 0.96% zinc and 1.0 m of 82 gpt silver, 1.2 gpt gold, 0.26% lead and 0.02% zinc (see NR October 17, 2019) from volcanogenic massive sulphides (\"VMS\"). The geophysical survey was designed to identify the extent and potential of our newly discovered gold and silver-rich VMS deposit, particularly in areas covered by swamps or lakes. Mira's review is ongoing, however preliminary results have focused on three distinct areas, each area covering potential VMS mineralization. None of the targets are exposed. The conductors are all conformable to semi-conformable conductors within favourable stratigraphy, two of which are associated with magnetic anomalies. There are very encouraging lithogeochemical and/or biogeochemical anomalies proximal to these targets. The 5757 Target is a newly recognized target. It is a relatively strong 45 m long conductor with a steep westward dip, parallel to the enclosing felsic to intermediate volcanic rocks. It extends to depth and is associated with a 250 m by 200 m magnetic low, elongated in the strike direction in the footwall rocks. This localized magnetic low is believed to represent a magnetite-destructive hydrothermal alteration zone. Strong Cu, Pb, Zn, Ag, and Hg lithogeochemical anomalies occur within 200 m. The 6247 Target occurs 1 km to the south of 5757 within the same felsic to intermediate volcanic rocks. It is a local conductivity high within a 1,000 ...