VANCOUVER, March 19, 2020 /CNW/ - Northern Vertex Mining
Corp. (TSX.V: NEE)(OTC Nasdaq Intl.: NHVCF)(the "Company" or
"Northern Vertex") is pleased to announce the receipt by
Golden Vertex Corp. (the company's wholly owned Arizona subsidiary) of final federal
permitting approval for the Phase III expansion at the Moss Mine.
In short, this permitting approval allows the Company to expand its
current operations from its patented claims onto its surrounding
unpatented claims on federal Bureau of Land Management (BLM)
managed public lands. The expansion along with our recently
announced resource update (see press release dated March 17, 2020) is expected to significantly
extend the life of the Moss Mine.
Mr. Kenneth Berry, President
& CEO of Northern Vertex, states "We are very pleased with the
Decision Record, which is a tribute to the efforts of our employees
to protect the environment and ensure an efficient, sustainable
operation. This decision is of considerable importance to the more
than 150 employees and contractors of the Company. I thank our
technical team in Arizona, the
entire BLM team, and all of our respective advisors and
consultants, for their tireless efforts in this process."
"Furthermore, the expansion is a very important milestone for
the Company as it is expected to increase efficiencies that will
significantly reduce operating costs at the mine. In addition, the
expansion also allows for exploration drilling to be carried out in
order to expand the current mineral resource and extend the mine
life."
On March 18th, 2020, the BLM
issued a Decision Record announcing the completion of the
environmental review of the expansion at Moss Mine as proposed in
the Company's Mine Plan of Operation
(MPO) with a Finding of No Significant Impact (FONSI). This review
of the proposed mining, processing and exploration operations by
the BLM environmental specialists is required by the National
Environmental Policy Act (NEPA) whenever public lands are involved.
This means that the Environmental Assessment of Moss Mine found
that the Environmental Protection Measures incorporated into the
Moss Mine expansion plans protect natural resources and habitat and
prevent significant impacts to public land.
About Northern Vertex Mining Corp.
Northern Vertex Mining Corp. is focused on low cost gold and
silver production at its 100% owned Moss Mine in NW Arizona. The Company has experience across
all areas of operations, mine development, exploration,
acquisitions and financing of mining projects. With operations at
the flagship Moss Mine achieving commercial production the Company
intends to consolidate additional producing or near-term production
gold assets within the Western US. Through mergers and acquisitions
Northern Vertex's corporate goal is to become a mid-tier gold
producer with over 200,000 ounces of gold production annually.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"Kenneth Berry"
President & CEO
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 Regarding Forward-Looking
Statements:
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 scheduled, may, intend, plan, expect,
anticipate, believe or other similar words. Forward-looking
statements are necessarily based upon a number of factors and
assumptions that, while considered reasonable by the Company as of
the date of such statements, are inherently subject to significant
business, economic and competitive uncertainties and
contingencies. Many factors, known and unknown, could cause
actual results to be materially different from those expressed or
implied by such forward-looking statements. 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. Readers are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date made. As a general policy, we do not update forward-looking
statements except as required by securities laws and
regulations. US investors should be aware that mining
terminology used for Canadian mineral project reporting purposes
differs significantly from US terminology.
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SOURCE Northern Vertex Mining Corp.
