Sixty North Gold Mining Ltd. report that initial mapping and sampling on the recently discovered IOCG target on its 100% owned Mon Property in the Yellowknife Gold Belt has identified three weakly gossanous areas within the albitite unit that defines the zone. Samples have been delivered to the laboratory with analyses expected in 6 to 8 weeks. The A-Zone Target is exposed immediately west of the Mon Gold Mine currently being developed for production.

It is at least 600 m long and up to 80 m wide. Four grab samples of more intense gossan development on the eastern-side of this zone collected in June have yielded very anomalous values up to 8.03 gpt gold, 0.78 gpt silver, and 0.003 % cobalt associated with metre- wide quartz veins. The Discovery Target is exposed east of Discovery Lake and can be traced discontinuously for 1,800 m and up to 350 m wide.

It encompasses the discovery outcrop (see grab samples reported on Table 1, as well as the historic V and S gold zones. Three grab samples had been collected over 330 m from the discovery outcrop to the north along the eastern-side of the gossan in June. These samples returned values up to 0.21% nickel, 0.1 gpt gold, 0.3 gpt silver, 0.01% cobalt, 0.76% P2O5.

The two samples to the north had lower nickel and cobalt values but had silver values of 1.69 and 1.81 gpt. Two historic gold showings that had been trenched in the 1940's lie within the Discovery Target. The V-Zone had two trench samples resampled in 1989, separated by 5 m reported to grade 35.86 gpt gold over 0.9 m and 4.94 gpt gold over 0.9 m from composite chip samples.

These are historical in nature and cannot currently be verified. They are presented for reference. The North Target is exposed over an area 300 m x 50 m north of Discovery Lake.

No samples had been collected from the gossanous albitite unit in June, however seven samples have been collected in September and have been submitted for analytical work.