Sixty North Gold Mining (CSE: SXTY) recently announced the successful intersection of the East Limb of the A-Zone, unveiling a new gold-bearing quartz vein with visible gold. Drilling activities exposed a 1.0-meter-wide quartz vein and silicified zone containing visible gold, with less than 2% sulphide, with pyrrhotite, pyrite, sphalerite, and galena. The presence of galena typically indicates higher-grade gold values in the quartz veins.
Shares of Sixty North Gold Mining have experienced a 14.71% decrease, trading at C$0.14 as of 10:10 am ET. The company shared that the intersection occurred in the 970 Crosscut East, located approximately 50 meters from the Main Ramp and 42 meters east of the West Limb. This discovery was made eight meters below a previously mined area that yielded 2,085 tons at 25.57 grams per ton (g/t) gold.
Dave Webb, CEO of Sixty North Gold Mining, expressed satisfaction with the targeted areas on the A-Zone being reached and exposed, leading to the discovery of a new gold-bearing quartz vein in the Main Ramp known as the DD-Zone. The company’s geological model has been supported by this recent work.
The company estimates the presence of 2,800 tons of the East Limb vein, 5,500 tons of the West Limb vein, and 18,000 tons of the DD Zone vein above the 970 Crosscut East. Sampling and analysis processes are underway, with results from the first batch expected in early September and the second batch in early October.
Sixty North Gold Mining’s primary project, the Mon Gold Project, consists of 11 contiguous mining leases and three mineral claims in the Northwest Territories. The company also holds an option agreement to acquire a 100% interest in the Hangstone Property adjacent to the Mon Property.
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