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Sixty North Gold Mining Intersects East Limb of the Rich Gold-Bearing A-Zone

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Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has intersected the East Limb of the A-Zone at its Mon Gold Property, revealing a 1.0 m wide quartz vein with visible gold. The intersection occurred in the 970 Crosscut East, 50 m from the Main Ramp and 42 m east of the West Limb. This discovery is 8 m below a previously mined area that yielded 2,085 tonnes at 25.57 gpt gold.

The company has also identified an estimated 2,800 tonnes of East Limb vein, 5,500 tonnes of West Limb vein, and 18,000 tonnes of DD Zone vein above the 970 XCE. All zones remain open to depth and along strike. Assay results from the first batch of samples are expected in early September, with a second batch to follow in October.

Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) ha intersecato il East Limb dell'A-Zone presso la sua proprietà Mon Gold, rivelando un vein di quarzo largo 1,0 m con oro visibile. L'intersezione è avvenuta nel 970 Crosscut East, a 50 m dalla Main Ramp e 42 m a est del West Limb. Questa scoperta è 8 m al di sotto di un'area precedentemente estratta che ha prodotto 2.085 tonnellate a 25.57 gpt di oro.

La società ha anche identificato una stima di 2.800 tonnellate di vein East Limb, 5.500 tonnellate di vein West Limb e 18.000 tonnellate di vein DD Zone sopra il 970 XCE. Tutte le zone rimangono aperte in profondità e lungo il fronte. I risultati delle analisi del primo lotto di campioni sono attesi all'inizio di settembre, con un secondo lotto previsto per ottobre.

Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) ha intersectado el East Limb de la A-Zone en su propiedad Mon Gold, revelando una veta de cuarzo de 1.0 m de ancho con oro visible. La intersección ocurrió en el 970 Crosscut East, a 50 m de la Main Ramp y 42 m al este del West Limb. Este descubrimiento se encuentra a 8 m por debajo de un área previamente excavada que produjo 2,085 toneladas a 25.57 gpt de oro.

La compañía también ha identificado un estimado de 2,800 toneladas de la veta East Limb, 5,500 toneladas de la veta West Limb y 18,000 toneladas de la veta DD Zone por encima del 970 XCE. Todas las zonas permanecen abiertas en profundidad y a lo largo de la estructura. Se esperan los resultados de los ensayos del primer lote de muestras a principios de septiembre, con un segundo lote que seguirá en octubre.

Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF)이 Mon Gold 자산에서 A-Zone의 East Limb를 관통하여 가시적인 금이 포함된 1.0 m 너비의 석영 veins를 발견했습니다. 이 교차점은 Main Ramp에서 50 m, West Limb에서 동쪽으로 42 m 떨어진 970 Crosscut East에서 발생했습니다. 이 발견은 이전에 채굴된 지역보다 8 m 아래에 위치하며, 해당 지역에서는 2,085 톤의 금을 25.57 gpt로 생산했습니다.

회사는 또한 970 XCE 위에 있는 East Limb vein 2,800 톤, West Limb vein 5,500 톤, DD Zone vein 18,000 톤을 추정했습니다. 모든 구역은 깊이와 길이에 따라 열려 있습니다. 첫 번째 샘플 배치의 분석 결과는 9월 초에 예상되며, 두 번째 배치는 10월에 이어질 것입니다.

Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) a intercepté la East Limb de l'A-Zone sur sa propriété Mon Gold, révélant une veine de quartz de 1,0 m de large avec de l'or visible. L'intersection a eu lieu dans le 970 Crosscut East, à 50 m de la Main Ramp et à 42 m à l'est du West Limb. Cette découverte se trouve à 8 m en dessous d'une zone précédemment exploitée, qui a produit 2.085 tonnes à 25,57 gpt d'or.

La société a également identifié une estimation de 2.800 tonnes de veine East Limb, 5.500 tonnes de veine West Limb et 18.000 tonnes de veine DD Zone au-dessus du 970 XCE. Toutes les zones restent ouvertes en profondeur et le long de l'axe. Les résultats des analyses du premier lot d'échantillons sont attendus début septembre, suivis d'un second lot en octobre.

Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) hat den East Limb der A-Zone in seinem Mon Gold Grundstück durchschnitten und eine 1,0 m breite Quarzader mit sichtbarem Gold entdeckt. Die Schnittstelle fand im 970 Crosscut East, 50 m von der Main Ramp und 42 m östlich des West Limb statt. Diese Entdeckung liegt 8 m unter einem zuvor abgebauten Gebiet, das 2.085 Tonnen bei 25,57 gpt Gold ergab.

Das Unternehmen hat auch geschätzt, dass 2.800 Tonnen der East Limb Ader, 5.500 Tonnen der West Limb Ader und 18.000 Tonnen der DD Zone Ader über dem 970 XCE vorhanden sind. Alle Zonen bleiben in der Tiefe und entlang des Verlaufs offen. Die Analyseergebnisse der ersten Probegruppe werden Anfang September erwartet, gefolgt von einer zweiten Gruppe im Oktober.

Positive
  • Intersection of East Limb A-Zone with visible gold in quartz vein
  • Estimated 26,300 tonnes of vein material identified above 970 XCE
  • All zones remain open to depth and along strike, indicating potential for expansion
  • Plans to install a permitted 100 tpd mill for on-site processing
Negative
  • Assay results pending, actual gold content yet to be confirmed

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") intersected the East Limb of the A-Zone, exposing a 1.0 m wide quartz vein and silicified zone containing visible gold with associated <2% sulphides, pyrrhotite > pyrite > sphalerite = galena. Galena is typically associated with higher-grade gold values in the quartz veins. The vein was encountered in the 970 Crosscut East (970 XCE) 50 m from the Main Ramp, 42 m east of the West Limb of the A-Zone at elevation 212 AMSL. This is 8 m below the East Stope where 2,085 tonnes grading 25.57 gpt was mined and 16 m below the West Stope where an estimated 12,500 tonnes were mined at a reconciled grade of 30.7 gpt gold (NI 43-101 Technical Report, Webb, 2023). The 970 XCE intersected the East Limb 10 m north of DDH 89-14 25.37 gpt gold / 1.7 m, 18 m north of DDH 89-23 23.86 gpt gold / 1.2 m, and 9 m below DDH 89-7 45.95 gpt gold / 3.1 m. The first batch of samples submitted July 24 have been received, logged, prepared and are undergoing fire assay fusion. They will be analyzed and reported in the first week of September. The second set of samples are currently being collected and will be submitted before the end of the month with results anticipated in the first week of October.

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West-facing Inclined Longitudinal Section, 167Az 84dip

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Dr. Dave Webb, Ph.D., P.Eng., P.Geol., President & CEO, Director stated, "We are pleased to have reached and exposed the two areas on the A-Zone we had targeted, and to have discovered a new gold-bearing quartz vein in the Main Ramp now referred to as the DD-Zone. The geological model we developed has been supported from this work. There are an estimated 2,800 tonnes of the East Limb vein, 5,500 tonnes of West Limb vein, and 18,000 tonnes of DD Zone vein above the 970 XCE. All Zones are open to depth and along strike.

The successful completion of this next phase will see the company commence the acquisition and installation of the permitted 100 tpd mill and relevant infrastructure to restart processing on site. Assays from an independent certified laboratory will be reported as they are received and confirmed."

Dr. D.R. Webb, PhD., P.Geol., P.Eng is the Qualified Person and is responsible for the technical details in this release.

About the Company

The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company Technical Report, August 3, 2023, on SEDAR or https://sixtynorthgold.com/projects/technical-report/. The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery and Sixty North Gold's Mon Mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con Min and Giant Mine) (ref. Sixty North Gold NI 43-101, August, 2023).

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/221106

FAQ

What did Sixty North Gold Mining (SXNTF) discover in their recent drilling?

Sixty North Gold Mining intersected the East Limb of the A-Zone, revealing a 1.0 m wide quartz vein with visible gold and associated sulphides in the 970 Crosscut East at their Mon Gold Property.

When will Sixty North Gold Mining (SXNTF) release assay results from their recent discovery?

The first batch of assay results is expected in the first week of September 2024, with a second set anticipated in the first week of October 2024.

How much potential vein material has Sixty North Gold Mining (SXNTF) identified above the 970 XCE?

Sixty North Gold Mining has identified an estimated 2,800 tonnes of East Limb vein, 5,500 tonnes of West Limb vein, and 18,000 tonnes of DD Zone vein above the 970 XCE, totaling 26,300 tonnes.

What are Sixty North Gold Mining's (SXNTF) plans for processing ore at the Mon Gold Property?

Sixty North Gold Mining plans to acquire and install a permitted 100 tpd mill and relevant infrastructure to restart processing on site at the Mon Gold Property.

SIXTY NORTH GOLD MNG LTD

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