Northern Vertex Announces a PEA of the Moss Mine Gold-Silver Project, NW Arizona
Northern Vertex Mining Corp. (NEE.V) today announced the results of a PEA for its Moss Mine Gold-Silver Project, Mohave County Arizona, USA. Northern Vertex has the right to earn a 70% interest in the Moss Gold-Silver Property from Patriot Gold Corp. by spending $8 million and preparing a feasibility study. The Company has spent $5.6 million to date.
Mine life 5 yrs, 5000 tpd, 42,000 AuEq oz/yr
Pre-tax IRR of 117.9%
Pre-tax payback of 15 months
Pre-tax NPV @5% $110 million
Capital expenditures $26.6 million
Capital / average annual oz AuEq production $633/oz
Cash Costs/oz AuEq $490/oz
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.