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 Scheduled to Be the Next Producing Gold Mine in the USA at its 100% Owned Moss Gold Mine

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: "Our team continues to execute its development plan to become the next producing Arizona Gold Mine. I would like to recognize the contributions of Dr. David Stone (Project Manager), Joseph Bardswich, P.Eng (President, Golden Vertex), M3 Engineering, Golder Associates, N.A. Degerstrom, Goodfellow Crushers, KPI/JCI, Great Basin Industrial and the numerous other US based companies for their diligent efforts and fiscal responsibility toward achieving our goal of pouring gold in Q4, 2017."

 

Moss Mine - Construction Progress

 

Concrete Work

 

Great Basin Industrial continues to make good progress in the concrete works for the Merrill Crowe and refinery areas. The columns for the refinery building have been poured along with the sumps under the filter presses. In the Merrill Crowe area GBI has completed the tank pedestals and containment walls for the solution tanks. The foundation ring for the fire water tank has been poured and it ready to receive the tank steel. The concrete foundations for the crushing plant are scheduled to commence next week.

 

Structural, Mechanical and Piping (SMP)

 

The SMP contract for the Merrill Crowe and Refinery areas has been awarded to Great Basin Industrial and this work is expected to commence in about 2 weeks.

 

Electrical and Instrumentation (E&IC)

 

The E&IC contract for the Merrill Crowe and Refinery areas has also been awarded to Great Basin Industrial and this work is expected to commence in mid-September.

 

Decommissioning of the Pilot Plant ("Phase I") Heap and Ponds

 

The decommissioning activities at the Phase I pilot heap and ponds are nearing completion. The spent ore from the Phase I pilot heap is 90% unloaded, and this material is now being incorporated into the leach pad as a liner bedding layer. The Phase I ponds have been completely dismantled and the liners have been disposed of. The ponds have been filled in and the area is now being regraded for Phase II.

 

Phase II Heap and Ponds

 

The heap leach earthworks are advancing in two areas: the west pad and the east pad. The west pad is essentially complete with final grading, and the liner bedding placement is well advanced. The east pad work consists of rough grading. The leach pad grading is expected to be complete in mid-September.

 

Liner Installation

 

American Environmental Group ("AEG") has finished the liner installation in the West Event pond with 81,500 sq/ft installed and QC is complete . The focus is now the leach pad liner in the west pad area. Progress to date is 112,000 of 310,000 sq/ft installed. AEG is expected to be onsite until the end of September. A QA/QC technician from Golder Associates is onsite to inspect the completed liner and earthworks.

 

Crushing Plant

 

Twelve truckloads of crusher components have arrived at the project site. The deliveries to date include 2 K500 tertiary cone crushers, a 115 ft long product conveyor, support frames, conveyor bents, decking, ladders, and ore chutes. Additional shipments are due weekly until the end of August.

 

The Westpro Manufacturing agglomeration drum arrived at site on August 7, and Westpro has advised the cement silo is ready to ship.

 

Moss Mine Optimization Program

 

Powerline & Infrastructure Optimization Program

 

The optimization program continues with emphasis on obtaining the Right of Way (ROW) permits for optimized power delivery and road improvements from the BLM. The BLM has expressed minor concerns with certain aspects of the project as proposed. The working relationship has been co-operative, and steps were undertaken by the company to address the concerns. Minor design changes were made by Civil Works Engineering for the Moss Mine Access Road Re-construction Project and by AMEC Foster Wheeler on the Powerline to lessen environmental impacts and to avoid certain areas.

 

Now that the powerline re-design has been completed, each pole location will be staked out in the field to assist in the background surveys required for the Environmental Assessment document. Westland Resources Inc. has already completed a substantial portion of the extensive work required for the Cultural Inventory Surveys and the Biological Surveys.

 

The company is very appreciative of the support shown by the local Community for the Moss Mine Re-activation and for the powerline and road re-construction projects. Most recent was the passing of a resolution by the Bullhead City Council on July 20, endorsing the two projects and encouraging the BLM to expedite the process.

 

Mine Life Extension

 

The Company is preparing an updated report which will analize the technical and economic viability of extending the Moss Gold Mine. The Moss Mine project is scheduled to commence commercial gold-silver production in Q4 2017. A Feasibility Technical Report (see news release dated July 23, 2015) estimated Capital Cost at US$33m, Annual Production of 42,000 AuEq ounces, gold equivalent cash costs of US$514.27, All-in Sustaining Costs of US$624/oz gold and an After-tax IRR of 44% (based on $1,250/oz gold and $20/oz silver).

 

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 Mining Corp.

 

Northern Vertex Mining is an exploration and mining company focused on the reactivation of its 100-per-cent-owned Moss mine gold/silver project located in northwest Arizona, U.S. The company's experienced management team has 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 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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