Business
Sixty North Gold Mining Commences Construction of the Winter Road to the Mon Gold Mine, Yellowknife Gold Belt, NWT
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2022) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the "Company" or "Sixt
About this update from Sixty North Gold Mining Ltd
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 24, 2022) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the \"Company\" or \"Sixty North Gold\"): Sixty North Gold is pleased to announce that construction of the winter road from Highway #4 to the Bluefish Hydroelectric Plant commenced this past weekend. This represents approximately 18 km of the 45 km road to the Mon Gold Mine. The construction of the balance of the road to the mine will be completed over the next several weeks. As with all winter roads, once constructed the ice thickness will continue to increase more rapidly once the insulating layer of snow is removed from the surface and the cold temperatures can thicken ice rapidly. Continuous monitoring of ice thickness will occur and once deemed adequate, transportation of supplies to the mine will commence. This is expected to occur in early March. As previously reported, the Company plans to: Continue underground development from elevation 213 m AMSL to 177 m AMSL allowing access to 30,000 tonnes of vein below the historic stopes (produced 15,000 tonnes at 30 gpt from 15 vertical metres to surface at 240 m AMSL). Initiate preliminary work to develop the next level below this to elevation 165m AMSL (another 45 m below the current development), targeting an additional 25,000 tonnes of vein. Acquisition of additional tankage for fuel needs for an extended season. Dave Webb reports, \"We believe that the Mon Mine has potential to return to production with very little additional investment required. All mining and support equipment is on site, and the resupply of the mine uses proven winter road technologies, as had been used for the very profitable Discovery Mine, Lupin Mine, Tundra Mine, Salmita Mine, and is currently used for the Northwest Territories diamond mines. We also wish to report that we are still awaiting receipt of the analytical results from last year's underground program. The laboratory has confirmed imminent completion of these analyses, and the results will be reported upon receipt and confirmation QA/QC checks.\" Dr. D.R. Webb is the QP within the meaning of NI 43-101 and has reviewed and approved the technical content of this release. About the Company The Company is focused on bringing its Mon Mine back into production. The Company has determined that risk verses benefi...