60 North Gold: Mining for Gold in Yellowknife
Gold Stocks to Invest in
Mon Gold Property
Restarting High-grade Gold Mining at the Mon Gold Mine in the Yellowknife Greenstone Belt
60 North Gold is developing the Mon Gold Property, 40km north of Yellowknife, NWT for gold mining. The property has a history of producing 15,000 ounces of gold from 15,000 tonnes of ore extracted from depths of only 15 m below surface. The North Ramp has been reopened and extended to within 60m of the target portion of the vein. The property's mining leases and mineral claims are in the South MacKenzie Mining District, NWT. Mon Gold is the only permitted gold project in the NWT, with production permitted at 100 tpd. The mining equipment and camp are on site, with over $1 million invested and total exploration expenditures of $5.4 million. The company is preparing for underground development, bulk sample, and mill acquisition and installation, estimated to cost $4 million. The management team is highly experienced in underground mining and corporate management making this company a stock to watch.
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