Sixty North Gold Mining Receives $122,040 from Warrant Exercise, and Provides Update on Operations
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) has received $122,040 from the exercise of 678,000 warrants at $0.18 each in July. The company has exposed the newly reported DD-Zone in the Main Ramp, averaging 1.2 m in width over 12 m. Historic drilling extends this vein 40 m to surface and 100 m along strike, with an estimated 13,000 tonnes of gold-bearing vein above ramp elevation.
Samples from the West Limb of the A-Zone and DD-Zone have been submitted for assay. The company expects to intersect the east limb of the A-Zone within two weeks. A geotechnical drill program has been completed and thermistors installed. The Mon Gold Property, located 40 km north of Yellowknife, NWT, is being developed for gold mining operations.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) ha ricevuto $122.040 dall'esercizio di 678.000 warrant a $0,18 ciascuno a luglio. L'azienda ha rivelato il nuovo DD-Zone nella Main Ramp, che presenta una larghezza media di 1,2 m su 12 m. Le perforazioni storiche estendono questo filone per 40 m fino alla superficie e 100 m lungo il strike, con una stima di 13.000 tonnellate di filone aurifero al di sopra dell'elevazione della rampa.
I campioni prelevati dal West Limb dell'A-Zone e DD-Zone sono stati inviati per analisi. L'azienda prevede di intersecare il limb est dell'A-Zone entro due settimane. Un programma di perforazione geotecnica è stato completato e sono stati installati termistori. Il Mon Gold Property, situato a 40 km a nord di Yellowknife, NWT, è in fase di sviluppo per operazioni minerarie d'oro.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) ha recibido $122,040 por el ejercicio de 678,000 warrants a $0.18 cada uno en julio. La empresa ha expuesto el recién informado DD-Zone en la Main Ramp, que promedia 1.2 m de ancho sobre 12 m. Las perforaciones históricas extienden este filón 40 m hasta la superficie y 100 m a lo largo del strike, con una estimación de 13,000 toneladas de filón aurífero por encima de la elevación de la rampa.
Se han enviado muestras del West Limb de la A-Zone y DD-Zone para su análisis. La empresa espera intersecar el limb este de la A-Zone en dos semanas. Se ha completado un programa de perforación geotécnica y se han instalado termistores. El Mon Gold Property, ubicado a 40 km al norte de Yellowknife, NWT, se está desarrollando para operaciones mineras de oro.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF)는 7월에 각각 $0.18에 678,000개의 워런트를 행사하여 $122,040를 받았습니다. 회사는 Main Ramp에서 평균 너비가 12m에 걸쳐 1.2m인 새로운 DD-Zone을 공개했습니다. 과거의 시추는 이 광맥을 40m에서 지표까지, 100m를 따라 연장하며, 경사 위에 약 13,000톤의 금 광맥이 있는 것으로 추정됩니다.
A-Zone 및 DD-Zone의 West Limb에서 샘플을 채취하여 분석을 위해 제출했습니다. 회사는 2주 내에 A-Zone의 동쪽 림을 교차할 것으로 예상하고 있습니다. 지질공학적인 시추 프로그램이 완료되었고, 써미스터가 설치되었습니다. Mon Gold Property는 Yellowknife, NWT에서 북쪽으로 40km 떨어진 곳에 위치하며, 금 채굴 작업을 위해 개발 중입니다.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) a reçu 122 040 $ suite à l'exercice de 678 000 bons de souscription à 0,18 $ chacun en juillet. L'entreprise a mis en évidence la nouvelle DD-Zone dans la Main Ramp, d'une largeur moyenne de 1,2 m sur 12 m. Les forages historiques prolongent ce filon sur 40 m jusqu'à la surface et 100 m le long de la direction, avec une estimation de 13 000 tonnes de filon aurifère au-dessus de l'élévation de la rampe.
Des échantillons provenant du West Limb de la A-Zone et de la DD-Zone ont été soumis pour analyse. L'entreprise prévoit de croiser le limb est de la A-Zone dans deux semaines. Un programme de forage géotechnique a été complété et des thermistances ont été installées. La Mon Gold Property, située à 40 km au nord de Yellowknife, NWT, est en cours de développement pour des opérations minières d'or.
Sixty North Gold Mining (CSE: SXTY, OTC: SXNTF) hat im Juli $122.040 durch die Ausübung von 678.000 Warrants zu je $0,18 erhalten. Das Unternehmen hat die neu berichtete DD-Zone in der Main Ramp aufgedeckt, die eine durchschnittliche Breite von 1,2 m über 12 m aufweist. Historische Bohrungen erstrecken diesen Gang 40 m bis zur Oberfläche und 100 m entlang der Strike, mit geschätzten 13.000 Tonnen goldhaltigem Erzganges über der Rampenhöhe.
Proben aus dem West Limb der A-Zone und DD-Zone wurden zur Analyse eingereicht. Das Unternehmen erwartet, in zwei Wochen den östlichen Limb der A-Zone zu erreichen. Ein geotechnisches Bohrprogramm wurde abgeschlossen und Thermistoren installiert. Die Mon Gold Property, die 40 km nördlich von Yellowknife, NWT, liegt, wird für Goldbergbauoperationen entwickelt.
- Received $122,040 from warrant exercise, improving cash position
- Exposed new DD-Zone with estimated 13,000 tonnes of gold-bearing vein above ramp elevation
- Advancing development with expected intersection of east limb of A-Zone within two weeks
- Completed geotechnical drill program and installed thermistors, complying with operational licenses
- None.
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2024) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold")
Sixty North Gold is pleased to announce that the exercise of 678,000 -
Operationally, the newly reported DD-Zone is exposed for 12 m in the 3m x 4m Main Ramp where it averages 1.2 m in width within intense pink altered metasedimentary rocks of the Burwash Formation. Historic diamond drilling extends this vein 40 m up to surface and along strike for 100m where it remains open to the south. An estimated 13,000 tonnes of this gold-bearing vein is located above the ramp elevation to surface. Samples from the West Limb of the A-Zone and the DD-Zone have been submitted for assay at independent certified laboratories in late July and the results will help guide development plans. Advances along the crosscut 970 XCE are expected to intersect the east limb of the A-Zone within two weeks (see Plan View of Mon Underground Development below).
Plan View of Mon Underground Development - August 1, 2024
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5873/218537_planviewimage.jpg
The Company has completed a geotechnical drill program and has installed thermistors in compliance with its operational licenses.
Dr. Dave Webb, Ph.D., P.Eng., P.Geol., President & CEO, Director stated, "We are pleased existing shareholders have exercised their warrants. These funds will help the Company advance development of the Mon Gold Mine. We have exposed one of the two principal gold-bearing structures in the A-Zone and expect to hit the second exposure shortly. We also exposed an additional gold-bearing vein in the DD-Zone that was not expected. Bulk sample material can be extracted from the DD-Zone and West Limb and have pending assay results. The two limbs of the A-Zone can each be developed to the north and south providing us with four faces for development."
Dr. D.R. Webb Ph.D., P.Geol., P.Eng. is the Qualified Person within the meaning of NI 43-101 and is responsible for the technical details of this release.
About the Company
The Company is developing mining operations for gold on its
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/218537
FAQ
How much did Sixty North Gold Mining (SXNTF) raise from warrant exercise in July 2024?
What is the DD-Zone discovered by Sixty North Gold Mining (SXNTF)?
When does Sixty North Gold Mining (SXNTF) expect to intersect the east limb of the A-Zone?
Where is Sixty North Gold Mining's (SXNTF) Mon Gold Property located?
