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Sixty North Gold Mining Ltd
Symbol SXTY
Shares Issued 144,384,102
Close 2021-09-27 C$ 0.065
Market Cap C$ 9,384,967
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Sixty North hires FronTier for marketing, IR services

2021-09-28 12:31 ET - News Release

Dr. Dave Webb reports

SIXTY NORTH GOLD ANNOUNCES RENEWAL OF A MARKETING AND INVESTOR RELATIONS AGREEMENT WITH FRONTIER FLEX MARKETING

Sixty North Gold Mining Ltd. has renewed the marketing and consulting agreement with FronTier Flex Marketing to provide marketing and investor relations services. FronTier is a marketing and investor relations group with a home office in Toronto, Canada. FronTier will continue to assist the company by increasing market awareness for the company using a number of financial market communication initiatives, including: (i) facilitating in-person introductions for the company with institutional and retail brokers in Toronto and other financial capitals; and (ii) media distribution on national television, radio and multiple on-line channels.

Under the terms of the engagement, FronTier has been retained for a 12-month period to Sept. 16, 2022, at $90,000 (plus applicable sales tax), plus direct expenses. The company has granted 300,000 stock options at an exercise price of 10 cents per share until Sept. 22, 2022, to FronTier.

Dr. Dave Webb, president and chief executive officer, stated, "We are pleased to have renewed the engagement of FronTier, as they have greatly extended market awareness of Sixty North Gold over the last year through a variety of media channels and direct investor presentations."

About Sixty North Gold Mining Ltd.

The company is focused on bringing its Mon mine back into production, and crews have been preparing the site to commence mining. The Mon mine produced 15,000 ounces of gold from 15,000 tons of ore between 1989 and 1997, operating on a seasonal basis to a depth of 15 metres below surface, with gold prices generally averaging between $350 (U.S.) and $400 (U.S.) per ounce. Permits to mine and mill at 100 tons per day are in place, making the Mon mine the only gold project permitted for production in the Northwest Territories. The company plans to drive a ramp to depth below the old stopes as well as extract a bulk sample confirming grade and continuity. Management believes the similarity to the Discovery mine, located to the north of the Mon property, where one million ounces were mined from one million tons of ore, indicates the potential for the Mon mine.

Other targets on the property include recently discovered silver- and gold-rich volcanogenic massive sulphide targets as well as shear-zone-hosted gold mineralization. The shear zones are similar in nature to, and hosted in the same rocks as, the world-class deposits at the Con and Giant mines in Yellowknife, which produced 14 million ounces of gold.

The company also has an option agreement to acquire a 100-per-cent interest in the highly prospective, contiguous, 2,394-hectare Hangstone property, adjoining the Mon property to the east and south, from an independent prospector. The Mon property shear zone and VMS targets can be projected onto the Hangstone property.

We seek Safe Harbor.

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