Northern Vertex is a Canadian based exploration and mining company focused on the development of precious metals deposits in Canada and the United States. The Company’s objective is to acquire, develop and advance precious metal projects that demonstrate near term production potential and long term sustainable growth.

 

In the last 12 months Northern Vertex has successfully negotiated the acquisition of two US based properties that fit within its mandate and implememted a strategy designed to convert historical resource estimates into National Instrument 43-101 standards.

 

The Moss Gold-Silver Project in Arizona was acquired in March 2011. Since the acquisition, Northern Vertex has completed an extensive 27,000 foot drill program, which has resulted in the delineation of a substantial NI 43-101 compliant gold-silver resource. As a result of the success of the program, Baseline and Scoping studies have been initiated to fast-track the project towards its ultimate goal of gold-silver production.

 

The Company is targeting a low-cost heap leachable gold-silver resource at Moss in the order of one million ounces of gold equivalent. A recently released 43-101 Independent Resource Calculation conducted by the engineering firm Scott E. Wilson Consulting, Inc. pegs the total indicated and inferred resource at Moss at 590,400 Gold Equivalent ounces (483,792 indicated ounces and 106,628 inferred ounces. Upcoming drilling on the western extension of the resource offers significant potential for even further resource expansion. This is an area where an extensive, previous surface sampling program by Northern Vertex returned promising gold-silver values extending an additional 1,135 feet on strike and beyond the current 43-101 resource.

 

A 25,000 foot drill program is now underway on the Project.

 

The Lemhi Gold-Silver Project in Idaho represents a milestone acquisition for the Company. Northern Vertex plans to mirror the success of the Moss program on Lemhi with a similar 30,000 foot infill drill and resource definition program to begin aggressively validating the property’s non-compliant historical gold resource.

The Lemhi Property has a historical non-compliant 43-101 resource of 32.36 million short tons at a grade of 0.0375 ounces per short ton for 1.21 million contained ounces of gold, as reported by Pincock Allen & Holt in 1996 (the “PAH Report”).

 

Northern Vertex and ISGC (the “JV Partners”) have agreed to an initial funding commitment totaling US$15 million that will cover the cost of the Acquisition and the initial work program in connection with the upcoming 30,000 foot drill program.

 

The Company’s Copley Gold property is situated in the emerging Nechako Plateau of Central British Columbia, Canada. The 2,926 hectare property, which contains a large gold-bearing epithermal system measuring 7 kilometers long x 2 kilometers wide, lies on trend to the recent Blackwater-Davidson bulk-tonnage discovery 40 km to the south.

 

A recent 1100 meter, 11 hole drilling program conducted on the Copley property was successful identifying several large gold bearing structures encountering significant gold intersections over a large area and promising gold values in 9 out of 11 holes.

 

 

Latest News Release

Northern Vertex Provides Construction Update from its 100% Owned Moss Gold/Silver Mine in NW Arizona

Northern Vertex Mining Corp. has provided the following update on construction activities at its 100-per-cent-owned Moss mine project located near Bullhead City, Ariz.

 

Kenneth Berry, President and CEO, stated: "Activities on site at the Moss Mine continue to accelerate with the daily arrival and assembly of equipment. Our partnerships with Greenstone Resources, Sprott Lending and CAT Financial have enabled our team to execute its development plan to become the next producing gold mine in Arizona. I encourage Stakeholders to visit our website to view the daily transformation taking place at the Moss Mine site as our Team works toward pouring gold in Q4, 2017."

 

Moss Mine {A –} Construction Progress

 

Concrete Works

 

Great Basin Industrial ("GBI") has completed the concrete pads for the primary, secondary and two tertiary crushers along with the secondary and tertiary rock boxes.

 

In the Merrill Crowe area, GBI has completed all of the tank pedestals, containments/sumps and has poured the floor slab for the equipment area. The cinder block walls in the Motor Control Center are nearing completion.

 

Leach Pad and Ponds

 

N.A. Degerstrom ("NAD") is now completing the final grading for the initial leach pad cell just north of the solution ponds in anticipation of the first ore stacking in early October. NAD has already completed the liner bedding in the West pad, Central pad and East pad.

 

Liner Installation

 

American Environmental Group ("AEG") has completed the secondary liner in the West pad and is awaiting the installation of the leak detection piping. The pregnant leach solution pond is complete with a primary liner, leak detection geonet, and secondary liner. AEG will move over to completing the GCL liners for the upper sections of the West pad and Central pad this coming week. The central pad area is scheduled to be completed and ready for over-liner placement starting in mid-September.

 

Superstition Crushing

 

Superstition Crushing of Mesa, Arizona was awarded the contract to produce 150,000 tons of crushed and screened pad over-liner material. Superstition commenced mobilization this past week and is scheduled to commence crushing and screening operations on September 15, 2017.

 

Pilot Plant Decommissioning

 

The decommissioning of the Pilot Plant, which successfully produced 4,000 oz gold, 20,000 oz silver and established recoveries of 82%, is now complete. Crews have removed the two ponds, equipment, liners and 125,000 tons of neutralized heap material. The entire Pilot Plant area has been regraded in preparation for Production.

 

Crushing Plant

 

Deliveries of the crushing plant from Goodfellow's Boulder City, Nevada; Eugene, Oregon, and Yankton, South Dakota, fabrication plants are nearing completion and all the primary, secondary and tertiary crusher units are now on site. The remaining deliveries, include some of the larger conveyor runs, are expected to arrive at site early next week. The radial stacker and agglomeration units have been received on site.

 

Mechanical assembly of the crushing plant has been awarded to GBI and this work began in earnest last week. GBI has already completed the primary crusher skid package and set the jaw crusher. The secondary and tertiary skid packages are also complete and the crushing units are due to be placed next week. The next focus will be completion of the three rock boxes for the primary, secondary and tertiary crushers.

 

Mine Life Optimization

 

The Company is preparing a Preliminary Economic Assessment of the technical and economic viability of extending the Moss mine life to include resources that can only be accessed from the adjacent un-patented lands. This scenario would include an expansion of the mine facilities onto BLM lands and would therefore require the submission and approval of a Mine Plan of Operations. The key metrics for the mine life extension would remain the same as outlined in the Company's Feasibility Technical Report filed on SEDAR; namely open pit mining, crushing, heap leaching and metals recovery in a Merrill Crowe plant. Work on the Mine Plan of Operations has not yet commenced.

 

Powerline and Access Road ROW Permit Applications

 

Work continues on the permitting processes for the Powerline to replace the on-site diesel generators, and for the permit for re-construction of the Moss Mine Access Road as part of the Moss Mine Optimization Project. Westland Resources Inc. has completed all the field mapping work required for compilation of the Biological Report and the Cultural Inventory Report, which will be supplemental to the permit applications. The permit applications enjoy broad public support as these projects will reduce diesel emissions and improve safety for the Company's personnel, contractors, suppliers and the general public.

 

Closing of Non-brokered Private Placement:

 

The Company has closed the final tranche of its non-brokered private placement (the "Private Placement") as previously announced on May 26, 2017 and July 13, 2017, raising total gross proceeds to the Company of $3,031,860, with $248,560 being closed in the final tranche.

 

The Company has issued an aggregate of 478,000 units (each a "Unit") at a purchase price of $0.52 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant has a term of five years and entitles the holder to acquire one common share of the Company at an exercise price of $0.91 for a period of two years from the date of issuance of the Warrant and at a price of $1.04 for the remainder of the term of the Warrant. Cash finders' fees of 6% on a portion of the gross proceeds raised under the Private Placement, totaling $4,617, will be paid to certain finders at arm's length to the Company.

 

The Company intends to use the net proceeds of the Private Placement for the continued development and construction of its Moss Mine Gold/Silver Project located in Mohave County, Arizona. All of the securities issued under the initial tranche of the Private Placement are subject to a hold period under applicable Canadian securities laws expiring on January 15, 2018. The Private Placement remains subject to certain conditions including, but not limited to, regulatory approval and the acceptance of the TSX Venture Exchange.

 

Qualified Person:

 

The foregoing technical information contained in this news release has also been reviewed and verified by Mr. Joseph Bardswich, P.Eng., President, Golden Vertex Corp., and a Qualified Person ("QP") for the purpose of National Instrument 43-101 (Disclosure Standards for Mineral Projects). Mr. Bardswich is a director of the Company.

 

About Northern Vertex

 

Northern Vertex Mining Corp. is an exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. To the best of management's knowledge, Northern Vertex is the next publicly traded company to initiate gold and silver production scheduled for Q4, 2017, in the USA. The Company's management comprises of an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.

 

 

ON BEHALF OF THE BOARD OF NORTHERN VERTEX

“Kenneth Berry “

President & CEO

 

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This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.

 

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