Sixty North Gold Announces Option Grants
April 28, 2025 5:26 PM EDT | Source: Sixty North Gold Mining Ltd.
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces the Company has granted incentive stock options to its directors, officers, and consultants to purchase up to 802,500 common shares of the Company at an exercise price of $0.115 per share until April 28, 2030.
Dr. D.R. Webb, Ph.D., P.Geol., P.Eng., President & CEO of 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. Historically, the Project has 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 was drill tested this month with several zones of sulphide enrichment. Assays are pending. The shear zones are separate targets on the property and will be tested when it is appropriate to do so.
For more information, please refer to the Company's public filings available on SEDAR (www.sedarplus.com), under the Company's profile.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dave Webb"
Dave Webb, President & CEO
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 (www.sedarplus.com), 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 https://www.newsfilecorp.com/release/250051
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