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Sixty North Gold Announces Drill Intersection of Massive Sulphides Returns Anomalous Gold Values

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Sixty North Gold Mining (OTC: SXNTF) has reported initial drilling results from its Volcanogenic Massive Sulphide (VMS) program. The company completed two drill holes testing one of six identified targets from a VTEM Plus© geophysical survey. The drilling intersected massive and semi-massive sulphide horizons, primarily composed of iron sulphides with limited precious metals at subeconomic levels. No significant base metal enrichment was found. The upper conductor tested is interpreted as an iron-rich cap-rock of the VMS system. The company plans to focus future drilling on the lower horizon conductors, which are on strike with the mineralized 5656 Zone. Drilling was suspended early due to warm weather affecting snowmobile trail access. The project's location near the Bluefish Hydroelectric Power Plant and Yellowknife road network provides potential infrastructure advantages.
Sixty North Gold Mining (OTC: SXNTF) ha comunicato i risultati preliminari delle perforazioni del suo programma Volcanogenic Massive Sulphide (VMS). L'azienda ha completato due fori di sondaggio per testare uno dei sei obiettivi individuati tramite un'indagine geofisica VTEM Plus©. Le perforazioni hanno intercettato orizzonti di solfuri massivi e semi-massivi, principalmente composti da solfuri di ferro con quantità limitate di metalli preziosi a livelli subeconomici. Non è stata riscontrata una significativa arricchimento di metalli di base. Il conduttore superiore testato è interpretato come una roccia di copertura ricca di ferro del sistema VMS. L'azienda prevede di concentrare le future perforazioni sui conduttori degli orizzonti inferiori, che sono in continuità con la zona mineralizzata 5656. Le perforazioni sono state sospese anticipatamente a causa del clima mite che ha compromesso l'accesso tramite sentieri per motoslitte. La posizione del progetto, vicino alla centrale idroelettrica Bluefish e alla rete stradale di Yellowknife, offre potenziali vantaggi infrastrutturali.
Sixty North Gold Mining (OTC: SXNTF) ha informado los resultados iniciales de perforación de su programa de Sulfuros Masivos Volcanogénicos (VMS). La compañía completó dos perforaciones para probar uno de los seis objetivos identificados mediante una encuesta geofísica VTEM Plus©. La perforación intersectó horizontes de sulfuros masivos y semi-masivos, compuestos principalmente por sulfuros de hierro con cantidades limitadas de metales preciosos en niveles subeconómicos. No se encontró un enriquecimiento significativo de metales base. El conductor superior probado se interpreta como una capa rica en hierro que actúa como tapa del sistema VMS. La empresa planea enfocar futuras perforaciones en los conductores del horizonte inferior, que están en continuidad con la zona mineralizada 5656. La perforación se suspendió temprano debido a un clima cálido que afectó el acceso por senderos para motos de nieve. La ubicación del proyecto cerca de la planta hidroeléctrica Bluefish y la red vial de Yellowknife ofrece posibles ventajas de infraestructura.
Sixty North Gold Mining(OTC: SXNTF)ëŠ� 화산ì„� 대규모 황화ë¬�(VMS) 프로그램ì� 초기 시추 ê²°ê³¼ë¥� 보고했습니다. 회사ëŠ� VTEM Plus© 지구물ë¦� 조사ì—서 확ì¸ë� 6ê°� 목표 ì¤� 하나ë¥� 시험하기 위해 ë‘� ê°œì˜ ì‹œì¶”ê³µì„ ì™„ë£Œí–ˆìŠµë‹ˆë‹¤. 시추 ê²°ê³¼ 주로 ì²� 황화물로 구성ë� 대규모 ë°� 반대규모 황화ë¬� ì§€ì¸µì„ ê´€í†µí–ˆìœ¼ë‚˜ ê·€ê¸ˆì† í•¨ëŸ‰ì€ ê²½ì œì„±ì„ ê°–ì¶”ì§€ 못한 수준ì´ì—ˆìŠµë‹ˆë‹�. 주요 ê¸ˆì† í•¨ëŸ‰ ì¦ê°€ëŠ� 발견ë˜ì§€ 않았습니ë‹�. ìƒë¶€ ë„ì „ì¸µì€ VMS ì‹œìŠ¤í…œì˜ ì² ì´ í’ë¶€í•� ë®ê°œì•”으ë¡� í•´ì„ë©ë‹ˆë‹�. 회사ëŠ� 향후 시추ë¥� ê´‘í™”ë� 5656 지대와 ì¼ì§ì„ ìƒì—� 있는 하부 ì§€ì¸� ë„ì „ì¸µì— ì§‘ì¤‘í•� 계íšìž…니ë‹�. 따뜻í•� 날씨ë¡� ì¸í•´ 스노모빌 경로 ì ‘ê·¼ì� ì–´ë ¤ì›� 시추가 조기ì—� 중단ë˜ì—ˆìŠµë‹ˆë‹�. ì� 프로ì íЏëŠ� Bluefish 수력 발전소와 Yellowknife ë„로ë§� 근처ì—� 위치í•� 있어 ì¸í”„ë� 측면ì—서 잠재ì � ì´ì ì� 제공합니ë‹�.
Sixty North Gold Mining (OTC : SXNTF) a annoncé les premiers résultats de forage de son programme de Sulfures Massifs Volcanogènes (VMS). La société a réalisé deux forages pour tester l'une des six cibles identifiées lors d'une enquête géophysique VTEM Plus©. Le forage a intercepté des horizons de sulfures massifs et semi-massifs, principalement composés de sulfures de fer avec une présence limitée de métaux précieux à des niveaux sous-économiques. Aucun enrichissement significatif en métaux de base n'a été détecté. Le conducteur supérieur testé est interprété comme une roche-couvercle riche en fer du système VMS. La société prévoit de concentrer les futurs forages sur les conducteurs des horizons inférieurs, qui sont en continuité avec la zone minéralisée 5656. Le forage a été suspendu prématurément en raison de conditions météorologiques douces affectant l'accès par les pistes de motoneige. L'emplacement du projet, à proximité de la centrale hydroélectrique Bluefish et du réseau routier de Yellowknife, offre des avantages potentiels en termes d'infrastructure.
Sixty North Gold Mining (OTC: SXNTF) hat erste Bohrergebnisse aus seinem Volcanogenic Massive Sulphide (VMS)-Programm veröffentlicht. Das Unternehmen hat zwei Bohrlöcher abgeschlossen, um eines von sechs identifizierten Zielen aus einer VTEM Plus© geophysikalischen Untersuchung zu testen. Die Bohrungen schnitten massive und halbmassive Sulfidhorizonte an, die hauptsächlich aus Eisensulfiden bestehen, mit begrenzten Edelmetallen auf unterwirtschaftlichem Niveau. Es wurde keine signifikante Anreicherung von Basismetallen gefunden. Der getestete obere Leiter wird als eisenreicher Deckgestein des VMS-Systems interpretiert. Das Unternehmen plant, zukünftige Bohrungen auf die unteren Horizontleiter zu konzentrieren, die in Fortsetzung mit der mineralisierten Zone 5656 liegen. Die Bohrungen wurden frühzeitig unterbrochen, da warme Wetterbedingungen den Zugang über Schneemobilwege beeinträchtigten. Die Lage des Projekts in der Nähe des Bluefish-Wasserkraftwerks und des Straßennetzes von Yellowknife bietet potenzielle infrastrukturelle Vorteile.
Positive
  • Successful identification of massive and semi-massive sulphide horizons confirms presence of VMS system
  • Strategic location near Bluefish Hydroelectric Power Plant and road network reduces potential infrastructure costs
  • Six drilling targets identified with geophysical confirmation of conductor locations
Negative
  • Initial drill results showed only subeconomic levels of precious metals
  • No significant base metal enrichment found in tested zones
  • Drilling program suspended early due to weather conditions

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces the first drilling results in its Volcanogenic Massive Sulphide ("VMS") drill program. The Company has successfully tested one of the six targets identified from the VTEM Plus © geophysical survey and subsequent analysis of that data by Mira Geosciences ("Mira").

Dr. Dave Webb, CEO, states, "We are pleased that the first two drill holes have identified massive and semi-massive sulphide horizons in the first of six targets to be tested. Drilling was suspended early due to warmer weather making our snowmobile trails inaccessible.

"Assays reveal this horizon to be composed primarily of iron sulphides with limited but continuous enrichment of precious metals at subeconomic levels. No significant base metal enrichment was encountered. The upper conductor we tested is now interpreted to be the iron-rich cap-rock of the VMS system. We are now confident that we are in a VMS system and that geophysics correctly identifies where the lenses are located. The Company can now focus on the lower horizon to determine if these conductors carry grade similar to that found in the 5656 Zone along strike to the north or the Likely or Homer Lake Deposits to the south. We believe the lower conductor represents the best target for further work."

Webb further reports that, "We have six targets we plan on testing, with the lower horizon conductors now being the highest priority as they are on strike and within the same horizon as the well-mineralized 5656 Zone. The attached Figure 1 shows our planned drill program. Our first hole at Location A was setup on lake ice to test the lower horizon, but upon completion of set-up, significant and unexpected water overflowed the ice forcing a rapid demobilization from this target and onto the Set up B that had been prepared for drilling. The two holes completed were from Location B. Additional drill holes are planned on the lower horizon."



Plan View VMS Drilling

To view an enhanced version of this graphic, please visit:

"The proximity to the Bluefish Hydroelectric Power Plant, and the road network from Yellowknife makes these targets appealing for potential development in the future, with reduced infrastructure costs. The VMS zones provide the Company with an exciting diversification and a potential portfolio of strategic metals, in addition to our planned underground Mon Gold Mine on the same property."

Drill Hole Results

DDHAzimuthInclinationFrom (m)To (m)Width (m)Est. True W.Gold gptSilver gpt
VMS 1080-5059.563.03.52.7 m0.03<1.0
VMS 2080-7081.291.09.84.9 m0.04nsv.

 

nsv = No Significant Value

Six conductors were modeled by Mira, including an exposed VMS showing, the 5656 Zone which grades 1.0 gpt gold, 203 gpt silver, 0.59% lead and 0.96% zinc over 0.45 m in trench samples over 150 m of strike (see news release November 6, 2018). A cluster of much larger, more prominent conductors along strike include the Lower Horizon which includes the Mac Tuff showing 2 km to the south (not on the Mon Property). The Upper Horizon occurs in a mixed mafic and felsic tuff horizon, 300 m stratigraphically above the Lower Horizon.

Core was delivered to camp where it was logged by a registered Professional Geologist. The core was sawn and half samples were bagged and tagged and delivered to ALS Global in Yellowknife NWT with suitable Certified Reference Standards and Blanks. These samples were crushed and pulverized (CRU-31, PUL-31) in Yellowknife and shipped to ALS Global's Geochemistry site in North Vancouver where they were analyzed by ME-ICP61a, AU-AA23, and OA-GRA08. All standards reported acceptable results. ALS Global is a certified laboratory, independent of the Company.

Dr. D.R. Webb, Ph.D., P.Geol., P.Eng., President & CEO the the Company, is the Qualified Person for this release and has reviewed and approved of its technical content.

About the Company

Sixty North is developing mining operations for gold on its 100-per-cent-owned Mon Gold Project, which extracted 15,000 tonnes of ore to depths of only 15 metres below surface, recovering an estimated 15,000 ounces of gold in the 1990s (NI 43-101, August, 2023). The North Ramp has been reopened and has been extended to the target portion of the vein. The Company plans to develop stopes in the East Limb, West Limb and DD Zone to extract and stockpile the vein material on surface. Upon confirmation of the grade and tonnage, the Company plans to bring a permitted mill in to process this and continuing mined material.

The VMS target, and the shear zones are separate targets on the property and will continue to be tested as circumstances permit.

For more information, please refer to the Company's public filings available on SEDAR+ (), 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: [email protected]
Website:

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+ (), 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

FAQ

What were the initial drilling results for Sixty North Gold Mining (SXNTF) VMS program?

The initial drilling intersected massive and semi-massive sulphide horizons with subeconomic levels of precious metals and no significant base metal enrichment. The first two holes returned gold values of 0.03 g/t over 2.7m and 0.04 g/t over 4.9m.

How many drilling targets has SXNTF identified in their VMS program?

Sixty North Gold has identified six targets from their VTEM Plus© geophysical survey and subsequent analysis by Mira Geosciences.

Why was Sixty North Gold's drilling program suspended?

The drilling program was suspended early due to warmer weather conditions making snowmobile trails inaccessible.

What are the infrastructure advantages of SXNTF's VMS project location?

The project is located near the Bluefish Hydroelectric Power Plant and has access to the Yellowknife road network, which could reduce potential development and infrastructure costs.

What are Sixty North Gold's next steps for their VMS drilling program?

The company plans to focus future drilling on the lower horizon conductors, which are on strike with the mineralized 5656 Zone, as they represent the best targets for further work.
Sixty Notrh Gold Mining Ltd

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