Business
Sixty North Gold Mining Completes Construction of the Winter Road to the Mon Gold Mine, Yellowknife Gold Belt, NWT
Vancouver, British Columbia--(Newsfile Corp. - February 16, 2022) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the "Company" or "Six
About this update from Sixty North Gold Mining Ltd
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - February 16, 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 Company's Mon Gold Mine was completed late last week. We now await gradual thickening of the ice, as temperatures are forecast to remain below -20o C all this week, reaching below -40o C on the coldest nights. Trucking of supplies to site is expected to commence in March. The Company also acquired a small drill rig to enable short underground drillholes to be completed to assist in defining areas to be mined in 2024 and beyond. In addition, a number of short drill holes are required for environmental purposes to maintain our operating licenses. These holes at <30 m total depth are expensive to contract out, but are required to properly maintain our site licenses. We will now be able to complete this quickly and efficiently. Dave Webb, Company CEO, 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. We have been informed to expect these results in early March.\" 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 Mon Mine produced 15,000 ounces of gold from 15,000 tonnes of ore between 1989 and 1997, operating on a seasonal basis to a depth of 15 m below surface, with gold prices generally averaging between US$350 and US$400 per ounce. Permits to mine and mill at 100 tpd are in place, making the Mon Mine the only gold project permitted for production in the NWT. The Yellowknife Gold Be...