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Bullboard - Stock Discussion Forum Sixty North Gold Mining Ltd C.SXTY

Alternate Symbol(s):  SXNTF

Sixty NorthGold Mining Ltd. is a Canada-based company, which is developing mining operations for gold on the 100% owned Mon Gold Property, approximately 40 kilometers (km) north of Yellowknife, Northwest Territories (NWT). The Mon Gold Property consists of over 13 contiguous mining leases encompassing approximately 494.28 hectares and one mineral claim, comprising an additional 127.75 hectares,... see more

CSE:SXTY - Post Discussion

Sixty North Gold Mining Ltd > news out this morning folks
View:
Post by 2021Gamble on Jul 26, 2021 9:14am

news out this morning folks

Sixty North Gold Announces Discovery of Bulk-Minable Gold Mineralization on Hangstone Claims

Vancouver, British Columbia--(Newsfile Corp. - July 26, 2021) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold").

Sixty North Gold has identified a prospective bulk-minable gold target on its optioned Hangstone claims during initial field investigations this month. Crews in camp during startup of the Mon A-Zone underground mining examined targets identified by the Hangstone vendor at Narrow Lake. The newly discovered zone has significant similarities to the Clan Lake Zone located on the adjacent claims owned by GoldMining Inc.

The Narrow Lake Zone is a poorly-exposed trend of gold showings in gabbros near a mixed pelitic and felsic volcanic rock contact within Yellowknife Supergroup rocks. Irregular quartz veining and silicification of the altered gabbros include an exposure 24 m long by 14 m wide zone containing 5% quartz in narrow anastomosing networks with associated carbonate, arsenopyrite, pyrite, and galena. Sixty grab and chip samples over a 2,300 m strike length (open to the north) average 5.7 gpt gold and have 22 samples greater than 1 gpt ranging up to 210 gpt gold. Additional samples have been collected.

Dr. Dave Webb, who examined the Narrow Lake Zone states "the exposure at the north-end is very similar geologically to the exposure at Clan Lake where GoldMining Inc. reports 2.77 million tonnes grading 2.23 gpt gold containing 198,600 ounces of gold in an Inferred Mineral Resource (GoldMining Inc., 2019). The similarity is not unexpected as our claims are contiguous with the Clan Lake Property of GoldMining Inc. They also report 12.27 million tonnes of Measured and Indicated Mineral Resource grading 2.29 gpt gold containing 902,000 ounces and 2.8 million tonnes of Inferred Mineral Resource containing 271,000 ounces of gold in their similarly mineralized Ormsby Zone 34 km to the northeast. We anticipate more of these "Ormsby-style" gold deposits to be located in the Yellowknife Gold Belt and are pleased our prospecting crew has been so diligent." Dr. Webb and his team is credited with the discovery and development of both the Ormsby Zone and the Clan Lake Zone.

Comment by GenHandgrenade on Sep 02, 2021 3:17pm
Wow no posts since july 26 where is everybody? Up there panning gold i bet.
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