Northern Vertex Mining Corp Provides Corporate Update on Moss Gold-Silver Property
Northern Vertex Mining Corp. (NEE.V) provided a corporate update on exploration and project development plans for the Moss Gold-Silver Project located in Mojave County, Arizona, USA with highlights as follows:
NI 43-101 compliant mineral resource 956,800 AuEq (oz) measured and indicated, 266,340 AuEq (oz) inferred.
Low strip ratio in initial mining areas possible
Amenable to low cost, heap leach, open pit mining
Major stockwork vein system outcropping at surface for 5,000 feet
Metallurgical test-work underway
Additional resource definition drill program currently underway to increase resources adjacent to proposed pits and for data use in mine design and planning - targeting an additional 250,000 AuEq (oz)
3 Phase model approach now in place for mine development, to minimize initial Capex and to ensure technical and economic objectives are met for subsequent Phases prior to proceeding
Application for Aquifer Protection Permit for 90,000 tonne Pilot Phase I quarry/leach pad will be submitted to Arizona Department of Environmental Quality (DEQ) by month end
Phase II production target, 5,000 tpd
Phase III production target 10,000 tpd
Preliminary Economic Assessment (PEA) underway and expected early in new year
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.