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Sixty North Gold Mining Identifies Two 900 Metre Long Multi-Element Geochemical Anomalies Within the Recently Discovered IOCG Target on Its Wholly-Owned Mon Gold Mine Property
Vancouver, British Columbia--(Newsfile Corp. - December 15, 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. - December 15, 2022) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the \"Company\" or \"Sixty North Gold\") provides update on progress on its wholly-owned Mon Gold Property. Two strongly elevated geochemical zones have been identified within the large albitite unit from recent results from 48 grab and chip samples. The Wayne Zone correlates to a weakly anomalous magnetic zone, 890 m long averaging 90 m wide, characterized by weakly gossanous breccias and fractures. Nine grab samples were collected along strike of the Discovery Outcrop returning copper values up to 0.28%, cobalt to 0.01%, silver to 1.8 gpt, nickel to 0.21%. Rare earth elements were only slightly elevated. The Bear Zone also correlates to a weakly magnetic zone, 860 m long averaging 100 m in width, characterized by weakly gossanous breccias and fractures. Nine grab samples collected from this zone also reveal gold values up to 5.9 gpt, three samples with elevated palladium, silver to 11.35 gpt, copper to 0.02%, zinc to 0.08%, lead to 0.14%, and nickel to 0.05%, rare earth elements were not elevated. A number of other magnetic anomalies within the albitite unit were not sampled due to cover, or logistical constraints. In early 2022 the Company announced the discovery of a new and unexpected IOCG (Iron Oxide Copper Gold) target on its wholly-owned Mon Gold Project. Economically-significant nickel, cobalt, gold and silver, plus platinum, palladium, and rare earth elements were identified in six grab samples from a weakly gossanous albitite unit (the Discovery Outcrop), averaging >0.41% Ni, 0.05% Co, 0.17 gpt Au, 0.03 gpt Pt and 0.01 gpt Pd. The host albitite unit was mapped for 3,000 m in strike (open) and up to 620 m in width with minor metasedimentary lenses. Gossanous breccias were mapped and sampled in three separate locations. Dr. D.R. Webb reports that, \"We are pleased to have identified a large prospective IOCG target on our property and have now refined target areas within the albitite to focus on. The Discovery outcrop identified economically significant Ni, Co, Au, Ag, Pt, Pd and REE concentrations in grab samples from mineralized breccias and fracture zones. Follow-up sampling shows that anomalous to very anomalous breccias and fracture zones can be traced along geophysical anoma...