Sixty North Gold completes winter road to Mon

Executive Summary

• Sixty North Gold Mining Ltd. has completed construction of the winter road to its wholly owned Mon gold mine in the NWT and is mobilizing crews and equipment to commence gold production in 2026.
• The company plans to operate a 100-tonne-per-day mill 24/7, treating material from the second level of the A-zone vein, with mill assembly scheduled for late April 2026 and initial commissioning in late June or early July 2026.
• The release includes a material update on recent capital raising, noting the issuance of 1,475,000 common shares following warrant exercises for gross proceeds of $156,750 since the fiscal year ended Oct. 31, 2025.

Key Details

• Infrastructure & Logistics: Construction of the winter road from Highway 4 (20 km east of Yellowknife) to the mine site is complete. Ice thicknesses are increasing with late February temperatures between -20°C and -41°C. Road maintenance (snow clearing and flooding portages) continues.
• Equipment Shipment: The company's mill shipment from China is expected to arrive at Deltaport (Vancouver area) on March 6, 2026. It will be transshipped by rail to Edmonton and then by truck to Yellowknife and the mine site.
• Production Timeline:
  • Mill assembly: Late April 2026.
  • Initial commissioning: Late June or early July 2026.
• Mining Plan:
  • The 100-tonne-per-day mill will operate 24/7.
  • Initial production will treat material extracted from the second level of the A-zone vein below historic stopes.
  • The DD-zone will be evaluated for potential stope development.
  • The main ramp will be extended to the third level to establish another mining site.
• Recent Financing: Since the fiscal year ended Oct. 31, 2025, 1,475,000 common shares were issued following the exercise of warrants, generating gross proceeds of $156,750.
• Historical Context: The Mon mine project previously extracted 15,000 tonnes of ore to depths of 15 meters below surface in the 1990s, recovering an estimated 15,000 ounces of gold. Recent underground development has intersected the productive A-zone 17 meters below historic stopes and a newly identified DD-zone.

Notable Quotes

• "We are excited to re-establish gold mining in this historic camp at a time the existing diamond mines are closing. The government and first nations have been very supportive of responsible development." — Dr. Dave Webb, President and CEO