VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 28, 2016) –
Editors Note: There is a photo associated with this press release.
Northern Vertex Mining Corp. (the “Company”) (TSX VENTURE:NEE) is pleased to announce the commencement of a second reconnaissance and mapping exploration program on the Moss and Silver Creek Claim blocks in its Moss project area in Mojave County, Arizona. The 2016 program is designed to generate specific drill targets on vein trends previously identified, using reconnaissance rock sampling and geological mapping. The 2016 program focuses on the Moss & GVC unpatented claims and the Silver Creek claims to the east. This program is an extension of previous work and builds on the success of that program (News Release dated March 24th, 2015).
Dick Whittington, President and CEO, commented: “This is an exciting step in our ongoing efforts to outline the exploration potential of the Moss Mine Property. Numerous target areas have been previously outlined and our objective now is to take this work to the next step to define drill targets for a future exploration drilling program. This work, coupled with previously highlighted mine exploration potential adjacent to the main Moss vein system, will add to our exploration potential knowledge base. That is a key objective as we seek to both extend the Moss Mine life and enlarge our resource base”.
Fieldwork will consist of geological mapping focusing on vein structures and structural intersections and collection of chip samples to infill the previous sampling as well as to sample new areas. The program will be sample intensive with an estimate of 300 grab and chip samples to be collected. Results will be integrated with existing geologic, geochemical and geophysical data to define future drill targets.
Drill sites and access routes for each drill target will be laid out to facilitate permitting of future drill programs. The ultimate goal is to position the Company to both replace ounces as mining progresses and add additional ounces to the resource base.
Six exploration target areas (see attached map) on the Moss and GVC unpatented claims will be investigated:
- Old Timer vein/stockwork system
- Old Timer South
- Western extension of Moss vein
- West Oatman vein/stockwork
- eastern extension of Moss vein
- Arrastre vein
Two broad target areas on the Silver Creek claims will be mapped and evaluated
- Grapevine
- Florence Hill – extension of Gold Road Structure
Work has commenced and results will be announced at the completion of the program. For further details of the exploration potential at the Moss Mine and on the Moss Mine Property, please, see the link below.
http://northernvertex.com/i/pdf/GV_Property_Wide_Exploration_Potential-06-2016.pdf
About Northern Vertex
Northern Vertex Mining Corp. is a Canadian exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. The Moss Mine Gold-Silver Project is an epithermal, brecciated, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 370 meters vertically. It is a potential heap leach, open pit project that has been advanced to the Feasibility Study stage to ensure that technical, economic, permitting and funding requirements are met prior to proceeding with the development of the mine. The Company’s management comprises 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.
Qualified Persons:
The foregoing technical information contained in this news release has been approved by Mr. D. B. Kilby, P. Eng., General Manager Exploration, and a Qualified Person (“QP”) for the purpose of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
ON BEHALF OF THE BOARD OF DIRECTORS
J.R.H. (Dick) Whittington, President & CEO
For further information, please visit www.northernvertex.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note About Forward Looking Information
This news release contains statements about our future business and planned activities. These are “forward-looking” because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.
Cautionary Note to US Investors:
This news release uses the terms “Measured”, “Indicated”, and “Inferred” resources. US investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. US investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. US Investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
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