Longtime lurker posting here. My wife just got me a Model 60 as an anniversary/birthday gift.
We took it to the range after I ran a .22 bore snake down the barrel to ensure the bore was clean, dry, and unobstructed. The rifle was very accurate at 50 yards, and I could adjust the rear sight elevation, but we kept getting stove pipe type jams, i.e. failures to eject i guess, using Federal lead 40gr. .22lr ammunition. We stopped shooting. I disassembled the rifle and cleaned it thoroughly with patches and CLP. I found that the interior of the receiver was already scuffed up, but I don't mind that so much, just that it works right. After cleaning, I reassembled the rifle, double checking the screws and so on. We shot a bit more, but the stove pipes continued. Looks like usually there is a round about half in the chamber, but the .22 empty case is either stuck in the chamber and a bit torn up, or turned sideways with the case head facing out through the ejection port.
We switched to Winchester 40gr. ammo with some kind of brass or bronze plating on the bullets, and while that ammo does not seem quite as accurate, it did not stovepipe or fail to eject. I have been told that it might need breaking in, or that I need to find some ammo that it likes. I've read the problem-solving portion of the site on Model 60s and this thread. Hopefully I'll get it working right soon.