OTCPK:NORZF - Post by User
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phoenix_traderon Jun 03, 2022 10:26am
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Gold, next up Zinc,Lead and silver
Gold, next up Zinc,Lead and silverIt has been nearly two decades since Yellowknife’s last gold mine closed. Sixty North Gold Mining is hoping to revive the industry. ![]()
An aerial view of the Mon Mine. Photo: Sixty North Gold Mining The junior mining company said it plans to soon restart mining for gold at Mon Mine, located about 45 kilometres north of Yellowknife. Previously owned by Cominco, the small underground mine produced an estimated 15,000 ounces of gold between 1989 and 1997 before closing due to falling gold prices.
David Webb, president and chief executive of Sixty North, said his company has been permitted to mine and mill 100 tonnes a day at the site and plans to move into production this summer.