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Sixty North Gold Mining Ltd.
Summary
| Project: | Mon Gold | |
|---|---|---|
| Deposit: | Mon Gold | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-1-2018: Sixty North Gold Mining Ltd. announces an Exploration/Drilling Update report for its Mon Gold deposit at the Mon Gold project. Technical Report of the property. David Dupre, B.Sc., P. Geo. (an “Author”) of D.G. Dupre and Associates Inc. and Kev | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David G. Dupre (D.G. Dupre and Associates Inc.) | |
| ABSTRACT: | David Dupre, B.Sc., P. Geo. (an “Author”) of D.G. Dupre and Associates Inc. and Kevin Fitzpatrick, P.Eng. (an “Author”) were asked to prepare a report by Sixty North Gold Mining Ltd., with offices at Suite 280 – 1090 West Georgia Street, Vancouver, B.C. V6E3V7, to provide an independent Qualified Persons’ Review and Technical Report (“Report”) for the Mon Gold Property (“the Project”) located in the Northwest Territories. They were asked to prepare this report in accordance with guidelines set out in National Instrument 43-101 (43-101). The Mon Gold Property is located 45 kilometers north of Yellowknife and is covered by 11 Mining Leases and 2 Mineral Claims owned 100% by New Discovery Mines Ltd. subject to a 2.0% NSR held by Giauque Holdings Ltd. Effective September 2, 2016, 1082138 B.C. Ltd. (whose name changed to Sixty North Gold Mining Ltd. on February 20, 2017) entered into an agreement as restated to acquire 80% of the Mon Gold Property by spending C$6.0 million by December 31, 2020. The Mon Gold Property is intended to be the qualifying property for the purposes of meeting the listing requirements of the Canadian Securities Exchange (CSE). A number of gold-bearing quartz veins occur on the property. Only the A-Zone has seen significant exploration. A five-hole diamond drilling campaign (383 meters) by Sixty North Gold Mining Ltd. in October 2016 has shown continuity of the A-Zone to a vertical depth of 54 m below the East Stope and to a vertical depth of 63 m below the West Stope. The assay results are similar to those obtained from previous drilling and underground sampling programs. During August 2017, D.R. Webb (geologist) and Wayne Kendrick (prospector) investigated most of the known showings and other areas deemed to have economic potential. | |
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