The former Mon mine produced 15,000 tonnes of ore grading 30 g/t from a folded quartz vein. Recent and historic drilling shows the vein continues to the planned depth and beyond with widths and grades similar to what was mined before.
Sixty North believes the A zone is similar to the Discovery mine, located 45 km to the north, where 1.0 million tonnes of ore yielded 1.0 million oz. of gold from a marginally smaller vein.
CEO Dave Webb said, “We are well positioned to take advantage of the recent record high gold prices, with our potential for early gold production. Our next two milestones to production are within reach – the completion of the underground development with bulk sampling of the vein, and once grade and tonnage are confirmed, installation and commissioning of the mill circuit.”
The company holds permits for both mining and milling at Mon.
