The Company plans to reopen the existing North Ramp and extend the decline a further approximately 200 m, to access between 30,000 to 40,000 tonnes of vein material about 20 m beneath the historic stopes.
Dave Webb, President & CEO, states, “Sixty North Gold continues to execute on its stated plans in preparation for extracting a bulk sample this year.
The shear zones are similar in nature to, and hosted in the same rocks as, the world-class deposits at the Con and Giant Mines in Yellowknife which produced 14 million oz.
The Company also has an option agreement to acquire a 100% interest in the highly prospective and contiguous 2,394 hectare Hangstone Property adjoining the Mon Property to the East and South from an independent prospector.
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.