Sixty North Gold Mining Ltd. is pleased to announce that it has entered into a consulting agreement with Countryman Investments Ltd. for Countryman to provide to the Company, through David Richardson, general corporate and public company advisory services, including advice on capital markets, strategic initiatives, the business of the Company, financings, corporate development and acquisitions. Countryman will be paid a [...]
Sixty North Gold Mining Ltd. : Sixty North Gold is pleased to announce that construction of the winter road from Highway #4 to the Company's Mon Gold Mine was completed late last week. We now await gradual thickening of the ice, as temperatures are forecast to remain below -20o C all this week, reaching below -40o C on the coldest nights. Trucking of supplies to site is expected to commence in March. The Company also [...]
Sixty North Gold Mining Ltd. : Sixty North Gold is pleased to announce that construction of the winter road from Highway #4 to the Bluefish Hydroelectric Plant commenced this past weekend. This represents approximately 18 km of the 45 km road to the Mon Gold Mine. The construction of the balance of the road to the mine will be completed over the next several weeks. As with all winter roads, once constructed the ice [...]
Sixty North Gold Mining Ltd. : The board of directors of Sixty North Gold has approved an extension to August 30, 2024 of the expiry date of certain warrants to purchase up to 6,360,000 common shares of the Company exercisable at a price of $0.10 per share, and previously extended to expire on December 31, 2021. The warrants were issued to investors in connection with a private placement completed by the Company on August [...]
Sixty North Gold Mining Ltd. : Sixty North Gold is pleased to announce that the Board of Directors met and has reviewed the results of the 2021 development program and have approved an expanded work planned for 2022. This includes: Expanding the underground development from 213 m AMSL to elevation 177 m AMSL to open up an expected 30,000 tonnes of vein below the previous stopes . Initiate preliminary work to develop the [...]
Sixty North Gold Mining Ltd. : Sixty North Gold is pleased to announce that it has successfully completed the first phase of opening the high-grade Mon Gold Mine, located 45 km north of Yellowknife in the prolific Yellowknife Gold Belt. The Company opened the North Portal and rehabilitated 125 meters , of ramp, exposing three sections of the high-grade A-Zone vein. One exposure is 17 m below the West Stope, and the other [...]
Sixty North Gold Mining Ltd. : Sixty North Gold is pleased to announce that it has renewed the marketing and consulting agreement with FronTier Flex Marketing to provide marketing and investor relations. FronTier is a marketing and investor relations group with a home office in Toronto, Canada. FronTier will continue to assist the Company by increasing market awareness for the Company using a number of financial market [...]
Sixty North Gold Mining Ltd. : Sixty North Gold is pleased to announce that it has arranged debt settlements with certain directors and officers of the Company and a consultant to settle $144,250 in indebtedness for accrued management and consulting fees from the period January 1, 2021 to August 31, 2021, to be paid by the issuance and delivery of a total of 2,219,228 common shares of the Company in the aggregate, at a [...]
Sixty North Gold Mining Ltd. . Further to our news release of July 12, 2021, the Company is pleased to report that it has closed the second and final tranche of its non-brokered private placement, originally announced on July 5, 2021. The second tranche consisted of 11,494,260 units at an offering price of $0.065 per Unit to raise additional gross proceeds of $747,126.90 . Each Unit consisted of one common share , and one [...]
Sixty North Gold Mining Ltd. . Sixty North Gold has identified a prospective bulk-minable gold target on its optioned Hangstone claims during initial field investigations this month. Crews in camp during startup of the Mon A-Zone underground mining examined targets identified by the Hangstone vendor at Narrow Lake. The newly discovered zone has significant similarities to the Clan Lake Zone located on the adjacent claims [...]
Sixty North Gold Mining Ltd. The board of directors of Sixty North Gold has approved an extension to December 31, 2021 of the expiry date of certain warrants to purchase up to 6,360,000 common shares of the Company exercisable at a price of $0.10 per share, and previously expiring on August 30, 2021. The warrants were issued to investors in connection with a private placement completed by the Company on August 30, 2019 [...]
Sixty North Gold Mining Ltd. Further to the news release of July 5, 2021 where the Company announced plans to complete a non-brokered private placement of up to 23,076,923 units at an offering price of $0.065 per Unit, to raise gross proceeds of up to $1.5 million , Sixty North Gold is pleased to report that it has closed on 21,981,150 units raising gross proceeds of $1,428,774.75. Each Unit consisted of one common share [...]