{"success":true,"data":{"pressRelease":{"id":"90627","rtpr_id":"nNFC4SMDZN","ticker":"SXTY","exchange":"","all_tickers":["SXTY"],"title":"Sixty North Gold Advances Development at Mon Gold Mine, NWT","author":"Newsfile Corp","published_at":"2026-07-16T13:42:22.606Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - July 16, 2026) - Sixty North\nGold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the \"Company\" or\n\"Sixty North Gold\") is pleased to announce activities to commence gold\nproduction this year on its wholly-owned Mon Gold Mine, Yellowknife, NWT are\non schedule with only modest delays to date.\n\nSixty North Gold has assembled its camp and has received authorization from\nInspectors to clear the mill pad and commence constructing roads to the dry\nstack tailings facility (DSTF). Operations are proceeding as planned and a\nrevised Design and Construction Plan for the mill has been submitted to the\nMVLWB for review. Discussion with the MVLWB on the water management plan will\ncontinue, including the submission of an independent review of the past 25\nyears of sample results recognizing no significant change in water conditions\nafter material wildfire seasons in 2023 and other years. Drought conditions in\nadvance of all of the wildfire seasons reduced or eliminated water in our\nsample sites, resulting in missing data.\n\nOur plans to proceed include:\n1. Assemble the camp and infrastructure. (3 to 4 weeks)1. Crews are on site\nand active.\n\n2. Clear the mill pad of the blasted rock and use this rock for road\nconstruction purposes. (2 weeks)1. Crews are on site and will commence within\nthe next 2 weeks.\n\n3. Commence assembling the mill (9 to 13 weeks)1. Crews with support can\ncommence once approvals of the Design and Construction Plan - Mill are\napproved (re-submitted).\n\n4. Commence extracting mill feed1. This will commence one week prior to mill\nstart-up.\n\n5. Commence operations.1. This requires approvals of all remaining Management\nPlans. (all Management Plans have been submitted at least once. The Water and\nGroundwater Management Plan is subject to Board directive for two years of\npost-2023 wildfire baseline sampling).\nAll mining and milling equipment and necessary supplies and crews are on the\nproperty executing Items 1 and 2.\n\nDave Webb, President & CEO reports \"We had been operating under an Advanced\nExploration Plan under a board directive dated October 24, 2022 which allowed\nfor underground development, bulk sampling, infrastructure construction, and\nlimited processing.\n\n\"We are moving the project forward with full support of the federal,\nterritorial and indigenous governments, subject to the MVLWB regulations. The\nMVLWB is completing their review of the various remaining Management Plans and\nwill be requesting clarification and revisions as needed. We feel that we have\nbeen making progress and that we can meet the current requirements to move\nthrough the next steps to production.\"\n\nThe company is well funded and has engaged external technical experts to\nassist in the completion of the remaining plans. The mine site had been\nsubjected to an Archeological Overview Assessment including field visits in\n2016, but in June 2026 we initiated and completed a more extensive\nArcheological Impact Assessment to provide more confidence to the local First\nNations that the Mon Gold Mine will have minimal and acceptable impacts.\n\nDr. D.R. Webb, P.Geol, P.Eng., a \"qualified person\" under National Instrument\n43-101 and President and CEO of Sixty North Gold, has reviewed and approved\nthe technical content contained in this news release.\n\nAbout the Company\n\nSixty North Gold is developing mining operations on its 100-per-cent-owned Mon\nGold Project. The Company has designed its operation to be as sustainable as\npossible. In a first for the Yellowknife gold belt, our environmentally\nfriendly mill is a crush, grind, gravity, float, filter dry stack operation.\n1.\nThe gold-bearing rock is selectively mined from underground producing minimal\nwaste rock. The mine currently has one 3m x 4m access portal, and will have\none 2m x 2m raise for secondary egress. Mill feed is developed and trucked to\nsurface as needed.\n2.\nThe gold bearing rock is crushed in a closed two stage circuit before being\nfed into a ball mill where it is ground to p80 -150 mesh. Sixty has opted for\na fairly coarse grind because we can recover >95% of the gold as shown in test\nwork, and the tailings are therefore coarser and easier to deal with than fine\nground rock.\n3.\nGold is recovered in a gravity circuit where the concentrate can be melted to\nform raw gold, or doré bars. The gravity tailings pass to a flotation circuit\nwhere the residual gold is processed, resulting in up to 95% cumulative gold\nrecoveries in the two circuits. The gold flotation concentrate and all\nassociated sulphides are collected into mega bags for shipment off-site for\nsale or further processing.\n4.\nThe tailings are filtered in pressure filters to remove 80 to 85% of the water\nfor recycling. The residual tailings are damp sands comprised of quartz,\ncarbonate and minor rock fragments that get trucked to a Dry Stack Facility\nwhere they can be placed and monitored.\n\nThe 100 tpd mill will require 15 to 20 cubic meters of make-up water each day\nthat will be sourced first from mine water discharge and lastly from fresh\nsources. Net, the Mon Mine should use less water than a modest diamond drill\nprogram and have no liquid slurry to manage and net, the mill will have\nreduced fresh water usage by >85%.\n\nMining at the Mon Gold Mine in the 1990's extracted 15,000 tonnes of ore to\ndepths of only 15 metres below surface, recovering an estimated 15,000 ounces\nof gold (Company Technical Report NI 43-101, August 3, 2023 on SEDAR+ or\nhttps://sixtynorthgold.com/projects/technical-report/). Recently, underground\ndevelopment has intersected the productive A-Zone 17 m below the historic\nstopes as planned. A newly discovered zone, the DD-Zone is exposed in the main\nramp. The company plans to develop and mine stopes in the East Limb, West Limb\nand DD Zone and to extend the ramp to allow for the development of deeper\nlevels.\n\nThe silver-rich VMS deposits\n(https://sixtynorthgold.com/projects/volcanogenic-massive-sulphide-vms-deposits/),\nthe large shear zone-hosted gold targets\n(https://sixtynorthgold.com/projects/shear-zones/), and the\ncritical-element-enriched IOCG-style mineralization\n(https://sixtynorthgold.com/projects/iocg-target/) will be explored and\ndeveloped as warranted.\n\nThe Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better\n(Discovery Mine with one million ounces of gold produced, and Sixty North\nGold's Mon Mine), and two that averaged 15 gpt or better for a total\nproduction of over 14 million ounces of gold (Con Mine and Giant Mine); (ref.\nCompany Technical Report NI 43-101, August 3, 2023). The Yellowknife Gold Belt\nis an historic gold producing camp where all of the mines commenced production\nat <100 tpd. Yellowknife has the people, services and experience to bring this\nArchean gold belt back to life.\n\nFor more information, please refer to the Company's public filings available\non SEDAR+ (www.sedarplus.ca), under the Company's profile.\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\"Dave Webb\"\nDave Webb, President & CEO\n\nFor further information, please contact:\n\nDave Webb\nTel.: 604 818-1400\nEmail: dave@drwgcl.com\n\nWebsite: www.sixtynorthgold.com\n\nTHE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT\nOF THIS PRESS RELEASE.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains \"forward-looking information\" within the meaning of\napplicable Canadian securities legislation. Forward-looking information in\nthis news release includes, but is not limited to, statements regarding the\nanticipated timeline for mobilization of equipment and personnel to the mine\nsite as well as the receipt of necessary regulatory approvals.\n\nForward-looking information is based on certain assumptions that Sixty North\nGold believes are reasonable at this time, including assumptions as its\nability to receive, in a timely manner and on satisfactory terms, the\nnecessary regulatory and other third-party approvals.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause actual results to be materially\ndifferent from those expressed or implied by such forward-looking information.\nSuch risks and uncertainties include, but are not limited to: the risk that\nmobilization of equipment and personnel may not be completed on a timely basis\nor at all; the risk that doing so may involve unexpected costs, liabilities or\ndelays; the possible occurrence of an event, change or other circumstance that\ncould result in the Company being unable to commence operations; risks\nrelating to the failure to obtain necessary regulatory approvals; general\neconomic, market and business conditions; fluctuations in securities markets\nand the market price of precious metals and of the Company's shares; and other\nrisks inherent in the mining industry.\n\nReaders are cautioned not to place undue reliance on forward-looking\ninformation. The forward-looking information contained in this news release is\nmade as of the date hereof and, except as required by applicable securities\nlaws, Sixty North Gold does not undertake any obligation to update publicly or\nto revise any of the included forward-looking information, whether as a result\nof new information, future events or otherwise.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/305438","article_body_html":"","raw_payload":{"data":{"id":"nNFC4SMDZN","title":"Sixty North Gold Advances Development at Mon Gold Mine, NWT","author":"Newsfile Corp","ticker":"SXTY","created":"2026-07-16T13:42:22.606Z","tickers":["SXTY"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - July 16, 2026) - Sixty North\nGold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the \"Company\" or\n\"Sixty North Gold\") is pleased to announce activities to commence gold\nproduction this year on its wholly-owned Mon Gold Mine, Yellowknife, NWT are\non schedule with only modest delays to date.\n\nSixty North Gold has assembled its camp and has received authorization from\nInspectors to clear the mill pad and commence constructing roads to the dry\nstack tailings facility (DSTF). Operations are proceeding as planned and a\nrevised Design and Construction Plan for the mill has been submitted to the\nMVLWB for review. Discussion with the MVLWB on the water management plan will\ncontinue, including the submission of an independent review of the past 25\nyears of sample results recognizing no significant change in water conditions\nafter material wildfire seasons in 2023 and other years. Drought conditions in\nadvance of all of the wildfire seasons reduced or eliminated water in our\nsample sites, resulting in missing data.\n\nOur plans to proceed include:\n1. Assemble the camp and infrastructure. (3 to 4 weeks)1. Crews are on site\nand active.\n\n2. Clear the mill pad of the blasted rock and use this rock for road\nconstruction purposes. (2 weeks)1. Crews are on site and will commence within\nthe next 2 weeks.\n\n3. Commence assembling the mill (9 to 13 weeks)1. Crews with support can\ncommence once approvals of the Design and Construction Plan - Mill are\napproved (re-submitted).\n\n4. Commence extracting mill feed1. This will commence one week prior to mill\nstart-up.\n\n5. Commence operations.1. This requires approvals of all remaining Management\nPlans. (all Management Plans have been submitted at least once. The Water and\nGroundwater Management Plan is subject to Board directive for two years of\npost-2023 wildfire baseline sampling).\nAll mining and milling equipment and necessary supplies and crews are on the\nproperty executing Items 1 and 2.\n\nDave Webb, President & CEO reports \"We had been operating under an Advanced\nExploration Plan under a board directive dated October 24, 2022 which allowed\nfor underground development, bulk sampling, infrastructure construction, and\nlimited processing.\n\n\"We are moving the project forward with full support of the federal,\nterritorial and indigenous governments, subject to the MVLWB regulations. The\nMVLWB is completing their review of the various remaining Management Plans and\nwill be requesting clarification and revisions as needed. We feel that we have\nbeen making progress and that we can meet the current requirements to move\nthrough the next steps to production.\"\n\nThe company is well funded and has engaged external technical experts to\nassist in the completion of the remaining plans. The mine site had been\nsubjected to an Archeological Overview Assessment including field visits in\n2016, but in June 2026 we initiated and completed a more extensive\nArcheological Impact Assessment to provide more confidence to the local First\nNations that the Mon Gold Mine will have minimal and acceptable impacts.\n\nDr. D.R. Webb, P.Geol, P.Eng., a \"qualified person\" under National Instrument\n43-101 and President and CEO of Sixty North Gold, has reviewed and approved\nthe technical content contained in this news release.\n\nAbout the Company\n\nSixty North Gold is developing mining operations on its 100-per-cent-owned Mon\nGold Project. The Company has designed its operation to be as sustainable as\npossible. In a first for the Yellowknife gold belt, our environmentally\nfriendly mill is a crush, grind, gravity, float, filter dry stack operation.\n1.\nThe gold-bearing rock is selectively mined from underground producing minimal\nwaste rock. The mine currently has one 3m x 4m access portal, and will have\none 2m x 2m raise for secondary egress. Mill feed is developed and trucked to\nsurface as needed.\n2.\nThe gold bearing rock is crushed in a closed two stage circuit before being\nfed into a ball mill where it is ground to p80 -150 mesh. Sixty has opted for\na fairly coarse grind because we can recover >95% of the gold as shown in test\nwork, and the tailings are therefore coarser and easier to deal with than fine\nground rock.\n3.\nGold is recovered in a gravity circuit where the concentrate can be melted to\nform raw gold, or doré bars. The gravity tailings pass to a flotation circuit\nwhere the residual gold is processed, resulting in up to 95% cumulative gold\nrecoveries in the two circuits. The gold flotation concentrate and all\nassociated sulphides are collected into mega bags for shipment off-site for\nsale or further processing.\n4.\nThe tailings are filtered in pressure filters to remove 80 to 85% of the water\nfor recycling. The residual tailings are damp sands comprised of quartz,\ncarbonate and minor rock fragments that get trucked to a Dry Stack Facility\nwhere they can be placed and monitored.\n\nThe 100 tpd mill will require 15 to 20 cubic meters of make-up water each day\nthat will be sourced first from mine water discharge and lastly from fresh\nsources. Net, the Mon Mine should use less water than a modest diamond drill\nprogram and have no liquid slurry to manage and net, the mill will have\nreduced fresh water usage by >85%.\n\nMining at the Mon Gold Mine in the 1990's extracted 15,000 tonnes of ore to\ndepths of only 15 metres below surface, recovering an estimated 15,000 ounces\nof gold (Company Technical Report NI 43-101, August 3, 2023 on SEDAR+ or\nhttps://sixtynorthgold.com/projects/technical-report/). Recently, underground\ndevelopment has intersected the productive A-Zone 17 m below the historic\nstopes as planned. A newly discovered zone, the DD-Zone is exposed in the main\nramp. The company plans to develop and mine stopes in the East Limb, West Limb\nand DD Zone and to extend the ramp to allow for the development of deeper\nlevels.\n\nThe silver-rich VMS deposits\n(https://sixtynorthgold.com/projects/volcanogenic-massive-sulphide-vms-deposits/),\nthe large shear zone-hosted gold targets\n(https://sixtynorthgold.com/projects/shear-zones/), and the\ncritical-element-enriched IOCG-style mineralization\n(https://sixtynorthgold.com/projects/iocg-target/) will be explored and\ndeveloped as warranted.\n\nThe Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better\n(Discovery Mine with one million ounces of gold produced, and Sixty North\nGold's Mon Mine), and two that averaged 15 gpt or better for a total\nproduction of over 14 million ounces of gold (Con Mine and Giant Mine); (ref.\nCompany Technical Report NI 43-101, August 3, 2023). The Yellowknife Gold Belt\nis an historic gold producing camp where all of the mines commenced production\nat <100 tpd. Yellowknife has the people, services and experience to bring this\nArchean gold belt back to life.\n\nFor more information, please refer to the Company's public filings available\non SEDAR+ (www.sedarplus.ca), under the Company's profile.\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\"Dave Webb\"\nDave Webb, President & CEO\n\nFor further information, please contact:\n\nDave Webb\nTel.: 604 818-1400\nEmail: dave@drwgcl.com\n\nWebsite: www.sixtynorthgold.com\n\nTHE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT\nOF THIS PRESS RELEASE.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains \"forward-looking information\" within the meaning of\napplicable Canadian securities legislation. Forward-looking information in\nthis news release includes, but is not limited to, statements regarding the\nanticipated timeline for mobilization of equipment and personnel to the mine\nsite as well as the receipt of necessary regulatory approvals.\n\nForward-looking information is based on certain assumptions that Sixty North\nGold believes are reasonable at this time, including assumptions as its\nability to receive, in a timely manner and on satisfactory terms, the\nnecessary regulatory and other third-party approvals.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause actual results to be materially\ndifferent from those expressed or implied by such forward-looking information.\nSuch risks and uncertainties include, but are not limited to: the risk that\nmobilization of equipment and personnel may not be completed on a timely basis\nor at all; the risk that doing so may involve unexpected costs, liabilities or\ndelays; the possible occurrence of an event, change or other circumstance that\ncould result in the Company being unable to commence operations; risks\nrelating to the failure to obtain necessary regulatory approvals; general\neconomic, market and business conditions; fluctuations in securities markets\nand the market price of precious metals and of the Company's shares; and other\nrisks inherent in the mining industry.\n\nReaders are cautioned not to place undue reliance on forward-looking\ninformation. The forward-looking information contained in this news release is\nmade as of the date hereof and, except as required by applicable securities\nlaws, Sixty North Gold does not undertake any obligation to update publicly or\nto revise any of the included forward-looking information, whether as a result\nof new information, future events or otherwise.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/305438"},"type":"article","timestamp":"2026-07-16T13:42:22.671189301Z","server_sent_at_ms":1784209342671},"received_at":"2026-07-16T13:42:22.737Z","source_url":"https://www.newsfilecorp.com/release/305438"},"analysis":{"id":"79674","press_release_id":"90627","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Water and Groundwater Management Plan subject to Board directive for two years of post-2023 wildfire baseline sampling","Commencement of operations requires approvals of all remaining Management Plans"],"eventType":"operations_update","narrative":"Sixty North Gold reports that activities to commence gold production at its wholly-owned Mon Gold Mine are on schedule, with camp assembly complete and authorization received to clear the mill pad and construct roads to the dry stack tailings facility.\n\nThe company has submitted a revised Design and Construction Plan for the mill to the Mackenzie Valley Land and Water Board (MVLWB) and is continuing discussions regarding the water management plan, which remains subject to a Board directive for two years of post-2023 wildfire baseline sampling.\n\nManagement outlined a timeline of 9 to 13 weeks for mill assembly pending regulatory approval, with all necessary equipment, supplies, and crews currently on site executing the initial phases of the plan.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Junior miner advances construction milestones at Mon Gold Mine targeting near-term production."},"keyFigures":{"customDimensions":{"mill_capacity":"100 tpd","gold_recovery_rate":">95%","make_up_water_usage":"15-20 cubic meters/day","historical_ore_extracted":"15,000 tonnes","historical_gold_recovered":"15,000 ounces","mill_assembly_timeline_weeks":"9 to 13"}},"quotedText":"We are moving the project forward with full support of the federal, territorial and indigenous governments, subject to the MVLWB regulations.","namedEntities":{"people":[{"name":"Dave Webb","role":"President & CEO"}],"products":["Mon Gold Mine","Mon Gold Project"],"companies":[{"name":"Sixty North Gold Mining Ltd.","ticker":"SXTY"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Routine operational update regarding mine development and construction progress. While the company is advancing toward production, no commercial output or financial results have been realized yet, and the event lacks binary event characteristics typical of higher scores."},"tickerRelevance":{"others":[],"primary":"SXTY"},"globalImportance":5,"audienceRelevance":5,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"operational_update","sectorWeight":"low"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Sixty North Gold reports that activities to commence gold production at its wholly-owned Mon Gold Mine are on schedule, with camp assembly complete and authorization received to clear the mill pad and construct roads to the dry stack tailings facility.\n\nThe company has submitted a revised Design and Construction Plan for the mill to the Mackenzie Valley Land and Water Board (MVLWB) and is continuing discussions regarding the water management plan, which remains subject to a Board directive for two years of post-2023 wildfire baseline sampling.\n\nManagement outlined a timeline of 9 to 13 weeks for mill assembly pending regulatory approval, with all necessary equipment, supplies, and crews currently on site executing the initial phases of the plan.","key_figures":{"customDimensions":{"mill_capacity":"100 tpd","gold_recovery_rate":">95%","make_up_water_usage":"15-20 cubic meters/day","historical_ore_extracted":"15,000 tonnes","historical_gold_recovered":"15,000 ounces","mill_assembly_timeline_weeks":"9 to 13"}},"named_entities":{"people":[{"name":"Dave Webb","role":"President & CEO"}],"products":["Mon Gold Mine","Mon Gold Project"],"companies":[{"name":"Sixty North Gold Mining Ltd.","ticker":"SXTY"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-16T17:22:21.059Z","global_importance":5,"audience_relevance":5,"importance_components":{"tickerTier":"micro-cap","eventGravity":"operational_update","sectorWeight":"low"}},"durationMs":94875,"modelName":"glm-4.7"}}