Sixty North Gold Increases Size of Non-Brokered Unit Offering
Newsfile·2025-10-31 21:00

Core Viewpoint - Sixty North Gold Mining Ltd. is increasing its non-brokered unit financing to up to $1,650,000, offering 15,000,000 units at $0.11 per unit to fund exploration and development of the Mon Gold Property and general working capital [1][2]. Company Overview - Sixty North Gold is focused on developing gold mining operations at its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore, recovering approximately 15,000 ounces of gold in the 1990s [3]. - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in the East Limb, West Limb, and DD Zone to support a 100 tonnes per day gravity-flotation mill [3]. Exploration Potential - The Mon Gold Property has additional targets for gold, silver, and base metals that will be explored and developed as necessary [4]. - The Yellowknife gold camp, where the Mon Gold Project is located, has a history of high-grade gold production, with two mines averaging 30 grams per tonne (gpt) and two others averaging 15 gpt, contributing to over 14 million ounces of gold produced [4].