Sixty North Gold Crews and Equipment Mobilized to Mon Gold Mine, NWT

Executive Summary

• Sixty North Gold reports that the majority of equipment for its wholly‑owned Mon Gold Mine in Yellowknife has been mobilized, with the mill arriving from China and en route to the site.
• The company plans to begin mining and stockpiling ore weeks before mill commissioning (100 tpd design rate) and aims to extract gold‑bearing vein material from four stopes on the second level, targeting grades similar to historic stopes (~30 g/t Au).
• Over 300 t of supplies have been delivered to the mine site ahead of the winter road closure; expenditures remain within budget, though fuel costs may exceed initial estimates.

Key Details

• Equipment Mobilization: Mill, excavators, bulldozers, camp infrastructure, steel, lumber, fuel and miscellaneous supplies are either on‑site in Yellowknife or staged for shipment from Edmonton.
• Supply Volume: >300,000 kg of materials expected to be on‑site before the winter road closes (late March/early April).
• Budget Status: Current expenditures are within budget; potential overruns anticipated for fuel.
• Mill Arrival: Mill shipped from China to Canada, transported by rail to Edmonton, and scheduled for a two‑day truck haul to Yellowknife.
• Production Plan:
• Begin mining and stockpiling mill feed several weeks prior to commissioning.
• Target extraction from four stopes on the second level beneath historic stopes that averaged ~30 g/t Au.
• Continue development to greater depth after initial production phase.
• Design Capacity: Mill designed for 100 tonnes per day (tpd).
• Historical Context: 1990s mining extracted 15,000 t of ore (~15,000 oz Au) from depths ≤15 m; recent underground work intersected the productive A‑Zone at 17 m depth and identified a new DD‑Zone in the main ramp.

Notable Quotes

• Dave Webb, President & CEO: “Our mill, the last major piece of equipment needed to commence production, landed in Canada from China and was transported to Edmonton by rail… We plan to extract gold‑bearing vein material from four stopes developed on the second level, below the historic stopes that produced at an average gold grade of 30 gpt.”