Sixty North Gold Announces Intersection of Massive Sulphides Encountered in Drilling of the Upper Conductor on the Mon Property
Sixty North Gold Mining (OTC: SXNTF) has announced significant drilling results from its Volcanogenic Massive Sulphide (VMS) program. The company intersected three sulphide zones in drill hole VMS1 and two in VMS2 at their Mon Property. The drilling confirmed substantial sulphide concentrations where geophysical surveys had identified them.
In VMS1, Zone 2 showed 4-15% sulphides over 3.5m (true width 3.0m), while VMS2's Zone 2 contained more sulphides with four 1cm massive sulphide zones across an estimated true width of 7m. The property's location near the Bluefish Hydroelectric Power Plant and Yellowknife road network presents potential development advantages with reduced infrastructure costs.
The company plans additional drill holes on the Upper Horizon and will test the Lower Horizon after ice breakup. These VMS deposits could potentially yield copper, zinc, lead, silver, and gold, diversifying the company's portfolio beyond their planned underground Mon Gold Mine.
Sixty North Gold Mining (OTC: SXNTF) ha annunciato risultati significativi dalle perforazioni nel suo programma di Volcanogenic Massive Sulphide (VMS). La società ha intercettato tre zone di solfuri nel foro di sondaggio VMS1 e due nel VMS2 nella proprietà Mon. Le perforazioni hanno confermato concentrazioni sostanziali di solfuri nelle aree precedentemente individuate da indagini geofisiche.
In VMS1, la Zona 2 ha mostrato dal 4 al 15% di solfuri su 3,5 m (spessore reale 3,0 m), mentre la Zona 2 di VMS2 conteneva una maggiore quantità di solfuri con quattro zone di solfuri massivi da 1 cm ciascuna, distribuite su uno spessore reale stimato di 7 m. La posizione della proprietà, vicino alla centrale idroelettrica Bluefish e alla rete stradale di Yellowknife, offre potenziali vantaggi di sviluppo con costi infrastrutturali ridotti.
La società prevede ulteriori perforazioni sull'Upper Horizon e testerà il Lower Horizon dopo lo scioglimento del ghiaccio. Questi depositi VMS potrebbero contenere rame, zinco, piombo, argento e oro, diversificando il portafoglio dell'azienda oltre la prevista miniera sotterranea Mon Gold Mine.
Sixty North Gold Mining (OTC: SXNTF) ha anunciado resultados significativos de perforación en su programa de Sulfuros Masivos Volcanogénicos (VMS). La compañía interceptó tres zonas de sulfuros en el pozo de perforación VMS1 y dos en VMS2 en su propiedad Mon. La perforación confirmó concentraciones sustanciales de sulfuros donde las encuestas geofísicas las habían identificado.
En VMS1, la Zona 2 mostró entre 4 y 15% de sulfuros a lo largo de 3,5 m (ancho verdadero 3,0 m), mientras que la Zona 2 de VMS2 contenía más sulfuros con cuatro zonas de sulfuros masivos de 1 cm a lo largo de un ancho verdadero estimado de 7 m. La ubicación de la propiedad cerca de la central hidroeléctrica Bluefish y la red vial de Yellowknife presenta ventajas potenciales para el desarrollo con costos de infraestructura reducidos.
La compañía planea perforar más pozos en el Upper Horizon y probará el Lower Horizon después del deshielo. Estos depósitos VMS podrían contener cobre, zinc, plomo, plata y oro, diversificando la cartera de la empresa más allá de su planificada mina subterránea Mon Gold Mine.
Sixty North Gold Mining (OTC: SXNTF)는 화산성 대규모 황화물(VMS) 프로그램에서 중요한 시추 결과를 발표했습니다. 회사는 Mon 광산 부지에서 VMS1 시추공에서 3개의 황화물 구역과 VMS2 시추공에서 2개의 황화물 구역을 관통했습니다. 시추 결과는 지구물리 조사에서 확인된 황화물 농도가 상당함을 입증했습니다.
VMS1의 2구역은 3.5m 구간(실제 두께 3.0m)에서 4~15%의 황화물을 보였으며, VMS2의 2구역은 약 7m 실제 두께에 걸쳐 1cm 크기의 대규모 황화물 구역 4개가 포함되어 더 많은 황화물을 함유하고 있었습니다. Bluefish 수력 발전소와 Yellowknife 도로망 인근에 위치한 이 부지는 인프라 비용 절감과 함께 개발에 유리한 조건을 제공합니다.
회사는 Upper Horizon에 추가 시추를 계획하고 있으며, 빙하 해빙 후 Lower Horizon을 시험할 예정입니다. 이 VMS 광상은 구리, 아연, 납, 은, 금을 생산할 가능성이 있어 회사의 포트폴리오를 계획 중인 Mon Gold Mine 지하 광산 외에도 다양화할 수 있습니다.
Sixty North Gold Mining (OTC : SXNTF) a annoncé des résultats de forage significatifs dans le cadre de son programme de Sulfures Massifs Volcaniques (VMS). La société a intercepté trois zones de sulfures dans le forage VMS1 et deux dans VMS2 sur leur propriété Mon. Le forage a confirmé des concentrations substantielles de sulfures là où les relevés géophysiques les avaient identifiées.
Dans VMS1, la Zone 2 a montré entre 4 et 15 % de sulfures sur 3,5 m (épaisseur réelle de 3,0 m), tandis que la Zone 2 de VMS2 contenait davantage de sulfures avec quatre zones massives de sulfures de 1 cm chacune réparties sur une épaisseur réelle estimée de 7 m. La localisation de la propriété à proximité de la centrale hydroélectrique Bluefish et du réseau routier de Yellowknife offre des avantages potentiels pour le développement avec des coûts d'infrastructure réduits.
La société prévoit des forages supplémentaires sur l'Upper Horizon et testera le Lower Horizon après la fonte des glaces. Ces gisements VMS pourraient potentiellement produire du cuivre, du zinc, du plomb, de l'argent et de l'or, diversifiant ainsi le portefeuille de la société au-delà de leur projet de mine souterraine Mon Gold Mine.
Sixty North Gold Mining (OTC: SXNTF) hat bedeutende Bohrergebnisse aus seinem Programm für Vulkanogene Massivsulfid-Lagerstätten (VMS) bekanntgegeben. Das Unternehmen durchteufte drei Sulfidzonen im Bohrloch VMS1 und zwei im VMS2 auf ihrem Mon-Grundstück. Die Bohrungen bestätigten erhebliche Sulfidkonzentrationen an den Stellen, die durch geophysikalische Untersuchungen identifiziert worden waren.
In VMS1 zeigte Zone 2 Sulfidanteile von 4–15 % über 3,5 m (wahre Mächtigkeit 3,0 m), während Zone 2 von VMS2 mehr Sulfide enthielt, mit vier 1 cm dicken massiven Sulfidzonen über eine geschätzte wahre Mächtigkeit von 7 m. Die Lage des Grundstücks in der Nähe des Bluefish-Wasserkraftwerks und des Straßennetzes von Yellowknife bietet potenzielle Entwicklungsvorteile durch reduzierte Infrastrukturkosten.
Das Unternehmen plant weitere Bohrungen im Upper Horizon und wird den Lower Horizon nach dem Eisabgang testen. Diese VMS-Lagerstätten könnten Kupfer, Zink, Blei, Silber und Gold liefern und so das Portfolio des Unternehmens über die geplante unterirdische Mon Gold Mine hinaus diversifizieren.
- Strategic location near power plant and road infrastructure reduces potential development costs
- Discovery of multiple sulphide zones confirms geophysical survey predictions
- Potential for portfolio diversification beyond gold with multiple valuable metals
- Substantial sulphide concentrations found in both drill holes
- Actual metal grades and economic viability still unknown pending laboratory assays
- Lower Horizon testing delayed due to ice conditions and operating costs
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces the first drilling results in its Volcanogenic Massive Sulphide ("VMS") drill program. It has intersected three sulphide zones within diamond drill hole ("DDH") DDH VMS1, and two in DDH VMS 2 testing the targets identified from the VTEM Plus © geophysical survey and subsequent analysis of that data by Mira Geosciences ("Mira").
Dr. Dave Webb, CEO, states, "We are very encouraged from these first two drill holes and will be submitting cores to a certified, independent laboratory for assays shortly. We have additional drill holes planned on the Upper Horizon, and plan to test the Lower Horizon when ice breakup reduces our operating costs. We have confirmed significant concentrations of sulphides where our geophysical surveys had identified them. These conductors are on strike of other known economically encouraging VMS mineralization in a belt that hosts other silver and gold-rich lead, zinc, +/- copper sulphide concentrations. Our proximity to the Bluefish Hydroelectric Power Plant, and the road network from Yellowknife makes these targets appealing for potential development in the future, with reduced infrastructure costs. The VMS zones provide the Company with an exciting diversification and a potential portfolio of strategic metals, in addition to our planned underground Mon Gold Mine on the same property."
VMS deposits are polymetallic and produce
VMS 1 was drilled west to east at -50 degrees to test the strong conductor in the Upper Horizon at Ewe Lake within the Sito Lake mixed mafic to felsic tuff horizon. It was collared in mafic tuffs, transitioned into felsic crystal tuffs at 71.2 m and ended at 130 m in felsic tuffs, intersecting three mineralized horizons.
DH VMS 1
| Zone | From (m) | To (m) | Mineralization | Alteration |
| 1 | 8.7 | 9.8 | 6 | Chl, bio |
| 2 | 59.5 | 63.0 | 4 | Chl, bio |
| 3 | 71.2 | 76.2 | 0.1 to | Chl, bio |
po=pyrrhotite; py=pyrite; cpy=chalcopyrite; aspy=arsenopyrite; chl=chlorite, bio=biotite
Zone 2 is thought to explain the conductor with multiple iron and base metal sulphides within mafic and felsic tuffs over 3.5 m. The true width is estimated to be 3.0 m. Three 1 cm thick massive sulphide domains within up to
VMS 2 was drilled at the same set-up and azimuth as VMS 1 but at a -65 degree inclination to intersect the target zone at a deeper level. The drill hole was collared in mafic tuffs, transitioned into felsic crystal tuffs at 81.2 m and ended at 182 m in gabbro, intersecting two mineralized horizons.
DH VMS 2
| Zone | From (m) | To (m) | Mineralization | Alteration |
| 2 | 58.4 | 69.2 | 1 | Chl, bio |
| 3 | 81.2 | 91.0 | 8 | Chl, bio |
po=pyrrhotite; py=pyrite; cpy=chalcopyrite; aspy=arsenopyrite; chl=chlorite, bio=biotite
Zone 2 correlates with the sulphide-rich zone intersected in VMS 1. It contains more sulphides including four 1 cm massive sulphide zones and what is believed to be fine-grained brown sphalerite. The true width of this horizon is estimated to be 7 m.
Six conductors were modeled by Mira, including an exposed VMS showing, the 5656 Zone which grades 1.0 gpt gold, 203 gpt silver,
Dr. D.R. Webb, Ph.D., P.Geol., P.Eng., President & CEO of the Company, is the Qualified Person for this release and has reviewed and approved of its technical content.
About the Company
Sixty North is developing mining operations for gold on its 100-per-cent-owned Mon Gold Project. Historically, the Project has extracted 15,000 tonnes of ore to depths of only 15 metres below surface, recovering an estimated 15,000 ounces of gold in the 1990s (NI 43-101, August, 2023). The North ramp has been reopened and has been extended to the target portion of the vein. The company plans to develop stopes in the East Limb, West Limb and DD Zone to extract and stockpile the vein material on surface. Upon confirmation of the grade and tonnage, the Company plans to bring a permitted mill in to process this and continuing mined material.
The VMS target, and the shear zones are separate targets on the property and will be tested when it is appropriate to do so.
For more information, please refer to the Company's public filings available on SEDAR (www.sedarplus.ca), under the Company's profile.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dave Webb"
Dave Webb, President & CEO
For further information, please contact:
Dave Webb
Tel.: 604 818-1400
Email: dave@drwgcl.com
Website: www.sixtynorthgold.com
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward-looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR (www.sedarplus.ca), under the Company's profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248627
FAQ
What significant mineral deposits did SXNTF discover in their latest drilling program?
Where is SXNTF's Mon Property located and what infrastructure advantages does it have?
What are the potential metals that SXNTF's VMS deposits could yield?
What are SXNTF's next steps in their drilling program?
