Sixty North Gold Mining Ltd. reported that recent work has defined the 3.2 km by 0.6 km alteration zone on its Mon Property as an Iron Oxide Copper Gold (IOCG) deposit. Petrographic work on a sample from the coincident large magnetic low and intensely hydrothermally altered rocks, together with a comprehensive review of the geochemistry of samples collected from this unit, characterizes the target. Mapping and prospecting of a 1.5 km portion of the zone reveals that the very large hydrothermally- altered unit had been incorrectly identified as a gabbro by government and company geologists over the past 80 years. Petrographic report by Ultra Petrography and Geoscience Inc. on a sample submitted this year shows it to be to be a strongly altered unit composed of xenoblastic albite with quartz and hematite with accessory minerals including chlorite, biotite, and minor sulphides and oxides (each <0.5%). This albitite has a geochemistry that has P2O5 values up to 5.91% (average 3.02%), Na2O values up to 4.26% (average 2.90%) with total rare earth oxides (TREO) of 0.09%. Additional targeted mapping and prospecting will examine other exposures of this IOCG target, focused
by 2018 Geotech VTEM Plus ¬ survey.