Northern Vertex Moves Closer to Feasibility Study Completion

Northern Vertex Mining Corp. (TSXV:NEE,OTCQX:NHVCF) released an updated mineral resource estimate for its Arizona-based Moss Mine deposit. The company said it will form the basis of a feasibility study that is currently underway.

As quoted in the press release:

At a cut-off grade of 0.25 g/t gold, the updated Mineral Resource Estimate consists of a Measured resource of 4.86 million tonnes grading 0.97 g/t Au and 10.4 g/t Ag for 1.10 g/t AuEq and 172,000 ounces of contained AuEq and an Indicated resource of 10.62 million tonnes grading 0.66 g/t Au and 8.7 g/t Ag for 0.77 g/t AuEq containing 263,000 ounces AuEq, for a total M&I resource of 435,000 ounces AuEq. Inferred resources are 2.18 million tonnes grading 0.55 g/t Au and 5.6 g/t Ag for 0.62 g/t AuEq, containing 43,000 ounces AuEq.

Dick Whittington, president and CEO of Northern Vertex, commented:

This updated Mineral Resource estimate represents another step forward for the Company, as we seek to make the transition from an exploration company to a development stage mining company. The new geological model has established a solid foundation to assess the potential for a low cost, openpit mine at the Moss Mine project site, as previously outlined in the Company’s PEA. At the same time, the deposit is open on strike and to depth highlighting long term exploration potential.

Click here to read the full Northern Vertex Mining Corp. (TSXV:NEE,OTCQX:NHVCF) press release.