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Northern Vertex Mining Corp. (TSXV:NEE) reported updates on its Phase I Pilot Plant Operations, such as: construction on the Moss Mine Gold-Silver project in Mohave County, Arizona is 100% complete, as well as mining operations and mineralized material loaded onto leach pad.
As quoted in the press release:
- Construction 100% complete
- Mining operations 100% complete
- Mineralized material loaded onto leach pad 100% complete
- Gold extraction commenced 4.5 months ahead of Preliminary Economic Assessment (“PEA”) scheduled timeline
- Initial gold extraction rates in line with PEA expectations, 61% after 40 days
- Stripping has commenced and gold sales underway
- Applications for Pilot Plant permitable tonnage increases underway
Northern Vertex Mining Corp. President and CEO, Dick Whittington, said:
We are extremely pleased with results to date of our Phase I – Pilot Plant operations. The Pilot Plant phase was an integral part of our strategic three-phase business plan as this allowed us the opportunity to prove – or disprove – PEA operational expectations with actual results in the field. It is, in essence, our ‘proof of concept’. The intention was to test, evaluate, re-test and re-evaluate for optimal performance at every stage of the mining, processing, heap leaching and recovery operations. Pilot Plant technical operations experience to-date has supported and de-risked the project and has substantially validated the operational assumptions of the PEA. Indications are that we should be able to successfully move into Phase II operations with a higher degree of confidence.
Click here to read the Northern Vertex Mining Corp. (TSXV:NEE) press release
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