Sixty North Completes Non-Brokered $1,500,000 Unit Offering

Core Viewpoint - Sixty North Gold Mining Ltd. has successfully closed a non-brokered unit financing, raising gross proceeds of $1,500,000 to support exploration and development activities at the Mon Gold Property and for general working capital [1][2]. Financing Details - The financing included finder's fees totaling $51,000 in cash and 480,000 finder's warrants, which is an increase from the previously reported 204,000 finder's warrants [2]. - The proceeds will be allocated for further exploration and development of the Mon Gold Property located in Northwest Territories (NWT) [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 an estimated 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 - Additional targets for gold, silver, and base metals exist on the property and will be explored as warranted [4]. - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 grams per tonne (gpt) and two others averaging 15 gpt, contributing to a total production of over 14 million ounces of gold [4].