2022-09-06. Sixty North Gold Mining (CSE:SXTY) (OTCPink:SXNTF) (FSE:2F4) has defined a large IOCG target on its Mon Property in the North West Territories.
The Mon Gold Project, located 45 kilometers north of Yellowknife in the prolific Yellowknife Greenstone Belt, NWT, consists of 11 contiguous mining leases and 3 mineral claims and comprises an aggregate 1537 hectares.
Following the recently optioned contiguous Hangstone Property, the total property size is now 5,500 acres. Past mining in this Belt exceeds 15 million ounces of gold at grades exceeding 0.5 ounces per tonne, including the Con, Giant and Discovery Mines. Recent work has defined the 3.2 km by 0.6 km alteration zone on its Mon Property as an Iron Oxide Copper Gold (IOCG) deposit.
Petrographic work on a sample from the coincident large magnetic low and intensely hydrothermally altered rocks, together with a comprehensive review of the geochemistry of samples collected from this unit, characterizes the target.