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Thread: 60 North Gold Mining Ltd.

  1. #11

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    I had around 40 miners and exploration company's myself when I sold them off. I have kept a watch list of about 32 of them that did real well so at the end of the next stock market correction getting back into them is just a few mouse clicks away. The market is goofy right now and super hard to predict, good news and numbers come out on a company and the stock sells off in general (weird). I have been scratching my head the last few months, as up is down, and down is up. I think there are a lot of uneducated traders just following trends so they buy and sell on a whim even when holding some of those stocks long term would have paid off well. Q3/Q4 may be rough one this year like you said so having a bunch of dry powder is not a bad thing. The whole green thing stock pile in, was way to early and was based off of legislation that hasn't even gone through yet. It seems like being in to early right now just ties up capital and with stock selloffs can be mated with capital losses. At this point I sold off my longer term holds (for decent profits) and just do some day trading for short term gains without over extending in case the carpet gets pulled out again. The super fast recovery from February of 2020 has brought us right back to where we were before it, and possibly worse since the fed injected 10 Trillion or so into the market when it collapsed. For now, the old saying " A bird in the hand is better than two in the bush" is serving me well...
    Last edited by Hombre Plata; 06-05-2021 at 08:01 PM.
    Anyone that identifies themselves by the color of their skin, is a racist.
    There is only ONE race of people on this planet, the human race.

    Do not be deceived, Darwin’s theory of Evolution is racist. When Darwin is properly understood, it leads to the justification for believing that certain races of people are by birth and nature superior to others and that is the definition of racism.

  2. #12

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    Heres a really good article on Ares mining: https://energymetalnews.com/2021/03/...rnment-action/
    Anyone that identifies themselves by the color of their skin, is a racist.
    There is only ONE race of people on this planet, the human race.

    Do not be deceived, Darwin’s theory of Evolution is racist. When Darwin is properly understood, it leads to the justification for believing that certain races of people are by birth and nature superior to others and that is the definition of racism.

  3. #13

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    Latest release:

    "Please find to follow Sixty North Gold Mining’s latest news release. We are very pleased to have commenced mobilization onto the Mon Gold Mine, to commence operations.

    SIXTY NORTH GOLD ANNOUNCES MOBILIZATION OF CREW TO THE MON MINE SITE

    Vancouver, British Columbia--(Newsfile Corp. – June 14, 2021) – Sixty North Gold Mining Ltd. (CSE: SXTY; FKT: 2F4; OTC-Pink: SXNTF) (the “Company” or “Sixty North Gold”)

    Sixty North Gold is pleased to report that crews have commenced mobilizing to the Mon Property, Yellowknife Belt, NWT. 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 20 m beneath the historic stopes. The Company plans to extract a bulk sample of 4,000 to 6,000 tonnes to confirm the previous mined grades from the mine. Initially crews will be setting up all of the equipment and materials that had been trucked in this past winter and underground work will commence once all preparation is complete.

    Dr. Dave Webb, President & CEO, states, “Sixty North Gold continues to execute on its stated plans in preparation for extracting a bulk sample this year. We have a management team skilled in underground mining in the Yellowknife Gold belt and at the Mon Mine in particular. We are excited to have within reach our goal of bringing the permitted Mon Gold Mine back into production.”

    Dr. D.R. Webb, Ph.D., P.Geol., P.Eng. is the Qualified Person within the meaning of NI 43-101 and is responsible for the technical details of this release.

    About the Company

    The Mon Gold Property consists of 11 contiguous mining leases and 3 mineral claims, comprising an aggregate 622 hectares, located in the South Mackenzie Mining District, NWT. The Mon Mine produced 15,000 ounces of gold from 15,000 tonnes of ore between 1989 and 1997. Permits to explore, mine and mill at 100 tpd are in place, and the Mon is the only gold project permitted for production in the NWT. Other targets on the property include recently discovered silver- and gold-rich volcanogenic massive sulphide (VMS) targets, as well as shear zone-hosted gold mineralization. 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. gold.

    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. The Mon Property shear zone and VMS targets can be projected onto the Hangstone Property. Geochemical samples have been collected and are being shipped for analysis.

    For more information, please refer to the Company’s profile on SEDAR (www.sedar.com) or visit the Company’s website at www.sixtynorthgold.com."
    Anyone that identifies themselves by the color of their skin, is a racist.
    There is only ONE race of people on this planet, the human race.

    Do not be deceived, Darwin’s theory of Evolution is racist. When Darwin is properly understood, it leads to the justification for believing that certain races of people are by birth and nature superior to others and that is the definition of racism.

  4. #14

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    I sold some other miners that weren't moving at the beginning of last week and managed to pick up more shares of SXNTF, AAMMF & VIPRF.
    American Legion Preamble: https://www.legion.org/preamble

  5. #15

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    I'm still more positive that Heliostar Metals is a better short term investment that 60 North. both should do very well. I just believe that Heliostar has a tiger by the tail with their Alaskan mines. As a follow on, they are also sitting on a huge potential silver mining area in Mexico that could be even bigger. I own shares in both companies.
    American Legion Preamble: https://www.legion.org/preamble

  6. #16

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    "Vancouver, British Columbia--(Newsfile Corp. - December 8, 2021) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold"):

    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 30, 2019. The extension will become effective as of December 21, 2021. The warrants continue to be subject to accelerated or forced conversion provisions.

    About the Company

    The Company is focused on bringing its Mon Mine back into production. The Mon Mine produced 15,000 ounces of gold from 15,000 tonnes of ore between 1989 and 1997, operating on a seasonal basis to a depth of 15 m below surface, with gold prices generally averaging between US$350 and US$400 per ounce. Permits to mine and mill at 100 tpd are in place, making the Mon Mine the only gold project permitted for production in the NWT. The Company is currently working to develop the second level below the historic stopes to commence mining. Management believes the similarity to the Discovery Mine, located to the north of the Mon Property where 1 million ounces were mined from 1 million tons of ore, indicates the potential for the Mon Mine.

    Other targets on the property include recently discovered silver- and gold-rich volcanogenic massive sulphide (VMS) targets (NR October 17, 2019), as well as shear zone-hosted gold mineralization. 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. gold.

    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. The Mon Property shear zone and VMS targets can be projected onto the Hangstone Property.

    For more information, please refer to the Company's profile on SEDAR (www.sedar.com) or visit the Company's website at www.sixtynorthgold.com.

    ON BEHALF OF THE BOARD OF DIRECTORS

    s/ "David Webb"

    David Webb,

    President & Chief Executive Officer"
    American Legion Preamble: https://www.legion.org/preamble

  7. #17

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    "Vancouver, British Columbia--(Newsfile Corp. - January 24, 2022) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold"):

    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 thickness will continue to increase more rapidly once the insulating layer of snow is removed from the surface and the cold temperatures can thicken ice rapidly. Continuous monitoring of ice thickness will occur and once deemed adequate, transportation of supplies to the mine will commence. This is expected to occur in early March.

    As previously reported, the Company plans to:

    Continue underground development from elevation 213 m AMSL to 177 m AMSL allowing access to 30,000 tonnes of vein below the historic stopes (produced 15,000 tonnes at 30 gpt from 15 vertical metres to surface at 240 m AMSL).

    Initiate preliminary work to develop the next level below this to elevation 165m AMSL (another 45 m below the current development), targeting an additional 25,000 tonnes of vein.

    Acquisition of additional tankage for fuel needs for an extended season.

    Dave Webb reports, "We believe that the Mon Mine has potential to return to production with very little additional investment required. All mining and support equipment is on site, and the resupply of the mine uses proven winter road technologies, as had been used for the very profitable Discovery Mine, Lupin Mine, Tundra Mine, Salmita Mine, and is currently used for the Northwest Territories diamond mines. We also wish to report that we are still awaiting receipt of the analytical results from last year's underground program. The laboratory has confirmed imminent completion of these analyses, and the results will be reported upon receipt and confirmation QA/QC checks."

    Dr. D.R. Webb is the QP within the meaning of NI 43-101 and has reviewed and approved the technical content of this release.

    About the Company

    The Company is focused on bringing its Mon Mine back into production.

    The Company has determined that risk verses benefit to restart a past producing mine compares very favourably to that of an "explore and develop" project. The time and cost to identify a target, drill it, complete resource studies, preliminary assessments, preliminary feasibility and feasibility studies typically taking four to seven years, and cost over $40 to define an ounce of gold into a resource estimate, on average. This assumes success at each step along the way. A further four to seven years or more in regulatory affairs together with all necessary ESG consultations is needed to prepare to start acquiring and installing all infrastructure, which may take another two years. We note that in the past, high-grade gold mines were often explored and developed by small scale mining. Success would recover capital quickly (Mon Gold Mine, Discovery Mine) and could lead to much larger operations (Con Mine, Giant Mine), but failure in these types of operations rarely costs more than the cost of a large diamond drill program.

    The Mon Mine produced 15,000 ounces of gold from 15,000 tonnes of ore between 1989 and 1997, operating on a seasonal basis to a depth of 15 m below surface, with gold prices generally averaging between US$350 and US$400 per ounce. Permits to mine and mill at 100 tpd are in place, making the Mon Mine the only gold project permitted for production in the NWT. The Company is currently working to develop the second level below the historic stopes to commence mining. Management believes the similarity to the Discovery Mine, located to the north of the Mon Property where 1 million ounces were mined from 1 million tons of ore, indicates the potential for the Mon Mine.

    Other targets on the property include recently discovered silver- and gold-rich volcanogenic massive sulphide (VMS) targets (NR October 17, 2019), as well as shear zone-hosted gold mineralization. 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. gold.

    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. The Mon Property shear zone and VMS targets can be projected onto the Hangstone Property.

    The Company cautions that there is not now, nor has there been any Mineral Resources or Reserves on the Mon Property. Past operators mined a gold-bearing quartz vein system that contained economically recoverable gold.

    For more information, please refer to the Company's profile on SEDAR (www.sedar.com) or visit the Company's website at www.sixtynorthgold.com.

    ON BEHALF OF THE BOARD OF DIRECTORS

    s/ "David Webb"

    David Webb,

    President & Chief Executive Officer

    For further information, please contact David Webb 604-818-1400 "
    American Legion Preamble: https://www.legion.org/preamble

  8. #18

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    I don't remember when I sold all my Sixty North shares, but I did some time ago. Today, I'm thinking with the change in management that it might be worth taking a small interest into them again since mining companies in general are in a better place than a few years ago.
    American Legion Preamble: https://www.legion.org/preamble

  9. #19

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    "Vancouver, British Columbia--(Newsfile Corp. - June 12, 2023) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold").

    In connection with the first closing of Sixty North's recent unit private placement offering, David R. Webb (the "purchaser"), the Company's President, Chief Executive Officer and a director, and all persons acting jointly or in concert with the purchaser, have acquired, directly and indirectly, 875,000 common shares of the Company (the "Shares") and warrants to purchase an additional 875,000 Shares of the Company (the "Warrants"), representing approximately 6.1% of the total issued shares of the Company on a partially diluted basis (assuming exercise of these Warrants only).

    The purchaser, and all persons acting jointly or in concert with the purchaser, previously held 5,283,608 Shares, and 80,000 incentive stock options, representing approximately 24.8% of the then issued and outstanding Shares of the Company on a partially diluted basis. After the recent distribution described above, the purchaser now holds or has control or direction over a total of 6,158,608 Shares, 875,000 Warrants, and 80,000 stock options, representing approximately 24.9% of the total issued and outstanding Shares of the Company on a partially diluted basis (assuming the exercise of these Warrants and stock options only).

    The purchaser intends to hold the Shares and Warrants for investment purposes. Depending upon market conditions and other factors, the purchaser may from time to time acquire additional securities of the Company, dispose of some or all of the existing or additional securities it holds in the Company, or will hold or may continue to hold its current position.

    Additional information concerning the foregoing is contained in the Early Warning Report filed by the purchaser on SEDAR under the Company's profile.

    s/"David R. Webb"

    David R. Webb

    For further information, please contact David Webb 604-818-1400

    THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any securities laws of any state of the United States and may not be offered or sold within the United States or to a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and any applicable securities laws of any state of the United States or an exemption from such registration requirements is available."
    American Legion Preamble: https://www.legion.org/preamble

  10. #20

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    "Vancouver, British Columbia--(Newsfile Corp. - August 24, 2023) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces an update on the Yellowknife NWT wildfire situation and its impact on the Mon Property.

    The NWT and western Canada has been experiencing a devastating wildfire season with many communities and properties under evacuation orders. The 19,200 hectare ZF012-23 fire north of Yellowknife is still out of control and has swept through the area around the Mon Property. On August 16, Yellowknife and surrounding communities were placed on evacuation orders.

    Sixty North Gold supported a visit to the mine site on August 21 by a supplier, to examine it and assess any damage to equipment left on site. He reported that all equipment appears to have survived the fire unscathed with the exception of the six-trailer 20-man camp, two pick-up trucks and a quad ATV at the north-end of the property. The camp generator and sewage treatment plant appear to be in good shape. All assets away from the camp at the mine are undamaged. This includes the compressors and generators, scooptrams and rock trucks, shops, bulldozer, diamond drill and miscellaneous equipment. The explosive magazines and fuel tanks also are in good shape. The Company has contacted its insurance company to advise them of a potential claim and will be visiting with adjusters at an appropriate time.

    Dr. Webb, President and CEO states, "We are very lucky to have survived this fire with what can best be described as minimal damage, when there is so much devastation in the NWT and elsewhere in Canada. Replacement accommodations for the mine will be sought to support continued underground development and exploration across the property."

    The accompanying image shows a previous year's image labeling in yellow the damaged property, and the balance of the assets that are undamaged."
    American Legion Preamble: https://www.legion.org/preamble

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