Sixty North Gold Provides Project Update on Winter Road to Mon Gold Mine

Executive Summary

• Sixty North Gold reports that construction of the southern half of its winter road to the Mon Gold Mine has begun, enabling delivery of a 100 tpd mill and other supplies in February‑March.
• The company plans to begin mill assembly in late April with commissioning slated for June‑July, targeting 24/7 operation of the 100 tpd mill processing material from the second level of the A‑Zone vein.
• Additional development includes evaluation of the DD‑Zone for stope expansion and extension of the main ramp to a third level, underscoring progress toward first‑year gold production.

Key Details

• Winter Road Construction: Southern half (≈15 km) from Highway 4 east of Yellowknife is under construction; the remaining ≈30 km to the mine will be built by Matrix starting next month.
• Logistics: 19 truckloads of supplies, including the 100 tpd mill, scheduled for delivery to site in February and March.
• Mill Assembly & Commissioning: Assembly to start late April; initial commissioning expected in June‑July with continuous (24/7) operation thereafter.
• Processing Plan: Mill will treat ore from the second level of the A‑Zone vein beneath historic stopes; DD‑Zone being evaluated for future stope development.
• Ramp Extension: Plans to extend the main ramp to reach a third underground level, facilitating deeper mining.
• Partner Profile: Matrix, a Yellowknife‑based firm with 25+ years’ experience in remote project logistics and construction, selected as primary contractor for road and site services.
• Forward‑Looking Statements: All operational timelines are subject to typical risks and uncertainties associated with mineral development projects.

Notable Quotes

“We are very pleased with progress this winter. The installation of the winter road is an important part of our operations… Our plans are to get the mill operating as expeditiously as possible.” – Dave Webb, President & CEO, Sixty North Gold Ltd.