VANCOUVER, May 21, 2020 /CNW/ - Northern Vertex Mining
Corp. (TSX.V: NEE) (OTC Nasdaq Intl.:
NHVCF) (the "Company" or "Northern Vertex")
is pleased to announce that a multi-phase reverse circulation
drill program is underway with the sixth hole having recently been
completed at the Moss Gold Mine, located in Northwest Arizona.
The program will begin with an initial 6,000 feet of drilling
across multiple targets, and results will direct subsequent
programs. The immediate focus is on resource expansion, with a
priority on adding 'in pit' ounces, followed by near-mine targets
immediately to the west of the mine. The follow-up drilling
is expected to continue over several months and result in another
resource expansion for the Moss Mine.
The program follows the successful 2019 drill
program, which resulted in a meaningful increase in gold
ounces to the Moss resource (see NEE News Release dated
March 17, 2020) and showed that
widespread stockwork mineralization continues westward beyond the
current limits of the boundary of the open-pit deposit.
Previous Exploration, which included drilling, mapping,
sampling, and airborne geophysics conducted on strike with the Moss
Mine Pit has identified a mineralized corridor extending for 5.6
kilometers in length. In addition to resource expansion
potential in the immediate proximity to the Moss Mine, numerous
drill ready mineralized targets exist within the 10,000-acre claim
package. The following images demonstrate the upside
exploration potential of the Moss Vein Extensions: Long Section of the Moss Vein
Extensions and Plan of the Moss
Mine.
Qualified Person
The foregoing technical
information contained in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 (Standards of Disclosure for Minerals
Projects) and reviewed on behalf the Company by Mr. Joseph Bardswich, P.Eng., a director of the
Company, and a Qualified Person.
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.
