Update on Sixty North Gold Mining Ltd. and the Development of the Mon Property, Yellowknife, NWT
Update on Sixty North Gold Mining Ltd. and the Development of the Mon Property, Yellowknife, NWT
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2024) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") provides an update on its recent activities.
不列顛哥倫比亞省溫哥華--（Newsfile Corp.，2024年3月7日）——Sixty North Gold Mining Ltd.（CSE：SXTY）（FSE：2F40）（場外交易鏈接：SXNTF）（the”公司“或”六十北金“) 提供了其近期活動的最新情況。
The Company was impacted by the wildfires in the Northwest Territories in 2023 with our camp burning in August 2023. We have accepted a $388,138.19 insurance settlement of our claim.
該公司在 2023 年受到西北地區野火的影響，我們的營地在 2023 年 8 月被燒燬。我們已經接受了388,138.19美元的索賠保險和解協議。
All major equipment and supplies required for the mining operation were not impacted by the fire. We are planning to install a temporary camp to restart activities.
採礦作業所需的所有主要設備和物資都沒有受到火災的影響。我們計劃安裝一個臨時營地以重新開始活動。
We are aware that junior mining market has suffered the past few years and many shareholders have abandoned this sector, despite gold prices attaining record highs. To create the most value for our current and future shareholders, we plan to execute on the project's development towards early cash flow, while minimising the effects of financings and dilution. Insiders own over 40% of the issued shares in the Company, aligning their interests with external shareholders. Our goal is to restart mining operations in a few months, developing the vein below the historic stopes and bringing gold-bearing vein material to the surface for assessment. We plan to install a mill in early 2025 with gold production commencing shortly afterward.
我們知道，在過去的幾年中，初級礦業市場遭受了損失，儘管金價創下歷史新高，但許多股東還是放棄了該行業。爲了爲我們當前和未來的股東創造最大價值，我們計劃在實現早期現金流的同時，將融資和稀釋的影響降至最低。內部人士擁有公司40％以上的已發行股份，使他們的利益與外部股東保持一致。我們的目標是在幾個月後重啓採礦業務，在歷史停靠點下方開發礦脈，並將含金礦脈材料帶到地表進行評估。我們計劃在2025年初安裝一座工廠，不久之後開始生產黃金。
The Company's strategy is to obtain the best information on the narrow vein, nuggety mineral structure and grade, with the most effective use of scarce cash resources, by completing the bulk sample described above. NI 43-101 prohibits the use of certain terms like "ore" or reporting any financial details without completing prescribed Preliminary Feasibility or Feasibility studies, which includes independence of the authors. Sixty North Gold's team includes registered professional engineers and geologists with many decades of experience on this property, including past mine development and operation, who would be excluded from completing such reports. The Company does not believe it would be in the shareholders' best interest to expend the funds to complete these reports at this time. With all mining equipment and bulk supplies already on site, the project's capital cost for development to production is substantially de-risked.
該公司的戰略是通過完成上述批量樣本，獲得有關狹窄礦脈、塊狀礦物結構和品位的最佳信息，同時最有效地利用稀缺的現金資源。NI 43-101禁止在未完成規定的初步可行性或可行性研究（包括作者的獨立性）的情況下使用諸如 “礦石” 之類的某些術語或報告任何財務細節。Sixty North Gold的團隊包括註冊的專業工程師和地質學家，他們在該地產上擁有數十年的經驗，包括過去的礦山開發和運營，他們將無法完成此類報告。該公司認爲，此時花費資金來完成這些報告不符合股東的最大利益。由於所有采礦設備和大宗供應已經在現場，該項目從開發到生產的資本成本已大大降低了風險。
Dr. D.R. Webb Ph.D., P.Geol., P.Eng. is the QP within the meaning of NI 43-101 and is responsible for the technical details of this release.
D.R. Webb 博士、P.Geol.、P.Eng. 是 NI 43-101 所指的 QP，負責本版本的技術細節。
About the Company
關於本公司
Sixty North Gold has been developing its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT, within the rich Yellowknife Gold Camp. This high-grade past producer averaged a mined grade of an estimated 30 gpt gold and produced an estimated 15,000 ounces of gold from a folded quartz vein to depths of only 15 m below surface.
Sixty North Gold一直在開發其100％持股的Mon Gold地產，該地產位於西北西部耶洛奈夫以北40公里處，位於富饒的耶洛奈夫金營地內。這家過去的高品位生產商平均開採的黃金品位估計爲30 gpt，從摺疊的石英礦脈到地表以下僅15米的深度生產了約15,000盎司的黃金。
The North Ramp has been reopened and has been extended to within 60 m of the target portion of the vein. The Company plans to extend the ramp to where some high-grade historic holes intersected the vein beneath the previously mined stopes. The plan is to install cross-cuts and raises within the vein to extract and stockpile the vein material on surface. Upon confirmation of the grade and tonnage, a permitted mill will be brought in to process this and ongoing mined material.
北坡道已重新開放，並已延伸至距離礦脈目標部分的60米以內。該公司計劃將坡道延伸到一些高等級的歷史洞穴與先前開採的礦脈相交的地方。計劃在礦脈內安裝橫切口和豎井，以便在地表提取和儲存靜脈材料。在確認等級和噸位後，將引進一座經許可的工廠來加工這種和正在開採的材料。
The property also hosts an outcropping precious-metals rich VMS showing and has four modeled geophysical targets along strike within felsic tuffs, lithic and lapilli tuffs. These are plans to drill these when it is appropriate.
該物業還展示了露出的富含貴金屬的VMS，並在長石凝灰岩、岩石和青金石凝灰岩的走向上有四個建模的地球物理目標。這些計劃是在適當的時候進行鑽探。
The Mon Gold Property mining leases and mineral claims are located 45 km north of the City of Yellowknife, NWT.
Mon Gold Property的採礦租約和礦產索賠位於西北部耶洛奈夫市以北45公里處。
For more information, please refer to the Company's public filings available on SEDAR (), under the Company's profile.
欲了解更多信息，請參閱公司在SEDAR上提供的公開文件（），在公司的簡介下。
ON BEHALF OF THE BOARD OF DIRECTORS
代表董事會
"Dave Webb"
Dave Webb, President & CEO
“戴夫·韋伯”
戴夫·韋伯，總裁兼首席執行官
For further information, please contact:
Dave Webb
Tel.: 604 818-1400
Email: dave@drwgcl.com
Website:
欲了解更多信息，請聯繫：
戴夫·韋伯
電話：604 818-1400
電子郵件： dave@drwgcl.com
網站：
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.
關於公司未來預期的陳述以及本新聞稿中除歷史事實之外的所有其他陳述均爲 “前瞻性陳述”。此類前瞻性陳述基於多種假設，涉及已知和未知的風險、不確定性和其他因素，包括礦產勘探和開發固有的風險，這些風險可能導致公司的實際業績、業績或成就與此類前瞻性陳述所表達或暗示的任何預期未來業績、業績或成就存在重大差異。有關適用於公司的風險的更多詳細信息包含在SEDAR上提供的公司公開文件中（），在公司的簡介下。
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
加拿大證券交易所尚未批准或不批准本新聞稿的內容。
譯文內容由第三人軟體翻譯。