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Gold Inventory Information – Sixty North Gold (CSE: SXTY) Identifies Two 900 Metre Lengthy Multi-Factor Geochemical Anomalies Inside the Lately Found IOCG Goal on Its Wholly-Owned Mon Gold Mine Property

Vancouver, British Columbia – December 15, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the “Firm” or “Sixty North Gold”) gives replace on progress on its wholly-owned Mon Gold Property.

Two strongly elevated geochemical zones have been recognized inside the massive albitite unit from latest outcomes from 48 seize and chip samples.

The Wayne Zone correlates to a weakly anomalous magnetic zone, 890 m lengthy averaging 90 m broad, characterised by weakly gossanous breccias and fractures. 9 seize samples have been collected alongside strike of the Discovery Outcrop returning copper values as much as 0.28%, cobalt to 0.01%, silver to 1.8 gpt, nickel to 0.21%. Uncommon earth components have been solely barely elevated.

The Bear Zone additionally correlates to a weakly magnetic zone, 860 m lengthy averaging 100 m in width, characterised by weakly gossanous breccias and fractures. 9 seize samples collected from this zone additionally reveal gold values as much as 5.9 gpt, three samples with elevated palladium, silver to 11.35 gpt, copper to 0.02%, zinc to 0.08%, result in 0.14%, and nickel to 0.05%, uncommon earth components weren’t elevated.

A lot of different magnetic anomalies inside the albitite unit weren’t sampled as a result of cowl, or logistical constraints.

In early 2022 the Firm introduced the invention of a brand new and sudden IOCG (Iron Oxide Copper Gold) goal on its wholly-owned Mon Gold Undertaking. Economically-significant nickel, cobalt, gold and silver, plus platinum, palladium, and uncommon earth components have been recognized in six seize samples from a weakly gossanous albitite unit (the Discovery Outcrop), averaging >0.41% Ni, 0.05% Co, 0.17 gpt Au, 0.03 gpt Pt and 0.01 gpt Pd. The host albitite unit was mapped for 3,000 m in strike (open) and as much as 620 m in width with minor metasedimentary lenses. Gossanous breccias have been mapped and sampled in three separate areas.

Dr. D.R. Webb studies that, “We’re happy to have recognized a big potential IOCG goal on our property and have now refined goal areas inside the albitite to deal with. The Discovery outcrop recognized economically important Ni, Co, Au, Ag, Pt, Pd and REE concentrations in seize samples from mineralized breccias and fracture zones. Comply with-up sampling reveals that anomalous to very anomalous breccias and fracture zones might be traced alongside geophysical anomalies and these correspond to materials enrichments within the IOCG suite of components.

Due to the scale of IOCG deposits world-wide, typically within the tens of thousands and thousands of tonnes, with many exceeding lots of of thousands and thousands of tonnes such because the Olympic Dam in Australia or the Salobo in Brazil, we’re understandably excited in regards to the potential. Additional work can be targeted on extra detailed mapping and sampling on the identified zones in addition to the unsampled geophysical targets inside the albitite zone. Petrographic samples have been collected and are being evaluated.”

The albitite unit consists of 81 to 83% albite, 10 to fifteen% quartz, 4 to five% hematite with minor accent minerals, sulphides and oxides, and has been mapped overlaying 200 hectares in dimension, 50% of which is roofed by lakes and swamps. The 41 hectare Southern Albite Gossan (SAG) has yielded one of the best outcomes thus far solely has 3.8 hectares of rock exposures, the remaining is roofed by quaternary deposits.

Seize samples are selective and will not characterize the typical grades of the exhibiting. They have been analyzed at an ALS World, an impartial licensed laboratory and requirements and blanks inserted within the discipline and within the laboratory returned acceptable outcomes. Dr. D.R. Webb is the Certified Individual in response to NI-43-101 for this launch.

Concerning the Firm

The Firm is growing mining operations for gold on the Mon Gold Property, 40 km north of Yellowknife, NWT. Previous manufacturing extracted 15,000 tonnes of ore to depths of solely 15 m under floor, recovering an estimated 15,000 ounces of gold. The North Ramp has been reopened and has been prolonged to inside 60 m of the goal portion of the vein.

The Mon Gold Property mining leases and mineral claims are positioned within the South MacKenzie Mining District, NWT.

For extra info, please confer with the Firm’s Prospectus dated January 19, 2018 out there on SEDAR (www.sedar.com), underneath the Firm’s profile.

ON BEHALF OF THE BOARD OF DIRECTORS

“Dave Webb”
Dave Webb, President & CEO

For additional info, please contact:

Dave Webb
Tel.: 604 818-1400
E mail: dave@drwgcl.com

Web site: www.sixtynorthgold.com

Statements in regards to the Firm’s future expectations and all different statements on this press launch aside from historic details are “ahead trying statements”. Such forward-looking statements are primarily based on quite a few assumptions, and contain identified and unknown dangers, uncertainties and different components, together with dangers inherent in mineral exploration and growth, which can trigger the precise outcomes, efficiency, or achievements of the Firm to be materially totally different from any projected future outcomes, efficiency, or achievements expressed or implied by such forward-looking statements. Additional particulars in regards to the dangers relevant to the Firm are contained within the Firm’s Prospectus dated January 19, 2018 out there on SEDAR (www.sedar.com), underneath the Firm’s profile.

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

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