VANCOUVER, BC, May 18, 2021 /CNW/ - Northern Vertex Mining
Corp. (TSXV: NEE) (OTC Nasdaq Intl.: NHVCF) (the "Company"
or "Northern Vertex") a U.S.-focused gold producer with
district-scale exploration projects in the Walker Lane Trend, is
pleased to report recent results from its multi-phase infill and
resource expansion drilling program at the Moss Mine in
NW Arizona. Results presented in
this release are focused on the Ruth and Moss veins immediately
south and down dip of the Moss Mine Center pit.
Key Points:
- Significant intersections included 9.15 meters grading 4.90
g/t Au and 57.18 g/t Ag for the Moss vein in drillhole
AR20-359R and 4.6 meters grading 4.01 g/t Au and 27.97 g/t
Ag for the Ruth Vein in drillhole AR20-364R.
- The north-dipping Ruth Vein is subparallel and related to the
Moss Vein
- The distance between the Ruth and Moss veins is approximately
175 meters on surface, diminishing with depth as the two veins dip
towards each other, intersecting at a depth of approximately 100
meters below the south wall of the Center pit.
- Drilling indicates consistent intersections of elevated gold
and silver mineralization along more than 500 meters of the Ruth
Vein, approximately 100 meters south of the crest of the Moss
Center pit.
Northern Vertex President, Michael G.
Allen commented, "The Ruth Vein is one of the many
intra-mine opportunities we have identified to optimize and expand
existing Moss Mine operations. Our vision is to scale up the Moss
Mine into a much larger operation by capturing these optimization
opportunities, expanding resources and making new regional
discoveries like we aim to do through our recently announced
work at West Oatman."
Vein Geology South of the Center Pit: Ruth Vein Drilling
Area
The Ruth Vein is a fault-hosted epithermal quartz-calcite vein
and vein stockwork that is very similar to and was likely formed at
the same time as the Moss Vein. The Ruth vein strikes slightly
north of east and dips to the north towards the south-dipping Moss
Vein. The intersection of the two veins is approximately 100
meters below the south wall of the Center pit. The Ruth Vein is
subparallel to the Moss Vein and has been delineated over a strike
length of approximately 510 meters. The Ruth Vein ranges from less
than a meter to almost 15 meters thick. When hanging wall
stockworks are included, especially in the upper parts of the
fault-hosted vein system, overall thickness increases to almost 30
meters in places. The Moss Vein dips to the south at
approximately 70 degrees in this area.
Resource Expansion Drilling
Assay results for 18 reverse circulation (RC) drillholes drilled
from four different locations are included in this news release
(see Table 1). Numerous thick zones of epithermal vein-hosted gold
and silver mineralization have been intersected adjacent to the
Moss Center Pit (Figure 1 Ruth Vein Drilling Area Location Map;
Figure 2 Drillhole Location Map).
Significant intersections include drillhole AR20-359R which
returned 28.96 meters grading 2.28 g/t gold, and 28.84 g/t
silver (2.66 g/t gold equivalent), including 9.15 meters
grading 4.90 g/t gold and 57.18 g/t silver (5.67 g/t gold
equivalent) for the Moss Vein below the Center pit, and drillhole
AR20-364R, which returned 16.76 meters grading 1.75 g/t gold, and
14.08 g/t silver, (1.94 g/t gold equivalent), including 4.6
meters grading 4.01 g/t gold and 27.97 g/t silver (4.37 g/t gold
equivalent), in the Ruth Vein to the south of and below the Center
pit (Figure 3 Cross Section: Well 16 Site, Ruth Vein Drilling
Area).
The Moss Mine resource expansion drilling continues to
demonstrate strong and consistent gold and silver mineralization
along the Ruth vein approximately 100 meters south of the crest of
the Moss mine Center pit, and in the Moss Vein approximately 100
meters below the Center pit.
Table 1: Results of Northern Vertex's 2020 Resource
Expansion RC Drilling in the Ruth Vein Drilling Area
Drillhole
|
Location
|
Az/Dip
(Degrees)
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
AuEq
(g/t)
|
AR20-352R
|
Well 17
|
205/-45
|
16.76
|
27.43
|
10.67
|
0.29
|
0.71
|
0.30
|
Including
|
|
21.34
|
24.38
|
3.05
|
0.48
|
0.30
|
0.48
|
And
|
|
83.82
|
88.39
|
4.57
|
0.27
|
0.53
|
0.28
|
And
|
|
118.87
|
140.21
|
21.34
|
0.27
|
3.14
|
0.31
|
Including
|
|
129.54
|
132.59
|
3.05
|
0.53
|
7.15
|
0.63
|
AR20-355R
|
25/-83
|
141.73
|
260.60
|
118.87
|
0.30
|
4.67
|
0.36
|
Including
|
|
167.64
|
179.83
|
12.19
|
0.41
|
4.53
|
0.47
|
And
|
|
192.02
|
205.74
|
13.72
|
0.55
|
19.17
|
0.80
|
AR20-359R
|
Well 16
|
0/-85
|
118.87
|
147.83
|
28.96
|
2.28
|
28.84
|
2.66
|
Including
|
|
129.54
|
138.68
|
9.14
|
4.90
|
57.18
|
5.67
|
And
|
|
173.74
|
186.05
|
12.31
|
0.32
|
5.81
|
0.40
|
And
|
|
202.69
|
211.84
|
9.14
|
0.85
|
18.63
|
1.10
|
AR20-363R
|
180/-45
|
99.06
|
103.63
|
4.57
|
0.53
|
5.33
|
0.60
|
AR20-364R
|
180/-65
|
109.73
|
126.49
|
16.76
|
1.75
|
14.08
|
1.94
|
Including
|
|
109.73
|
114.30
|
4.57
|
4.00
|
27.97
|
4.37
|
And
|
|
179.83
|
182.88
|
3.05
|
0.66
|
2.25
|
0.69
|
AR20-366R
|
180/-81
|
140.21
|
167.64
|
27.43
|
0.32
|
4.91
|
0.39
|
Including
|
|
140.21
|
149.35
|
9.14
|
0.53
|
8.07
|
0.63
|
And
|
|
175.26
|
178.31
|
3.05
|
0.39
|
13.25
|
0.57
|
And
|
|
195.07
|
199.64
|
4.57
|
0.35
|
1.57
|
0.37
|
AR20-369R
|
205/-65
|
114.30
|
141.73
|
27.43
|
0.42
|
5.06
|
0.48
|
Including
|
|
123.44
|
128.02
|
4.57
|
1.27
|
11.63
|
1.43
|
AR20-356R
|
Mid-Tier
|
180/-88
|
No Significant
Intersections
|
AR20-357R
|
180/-70
|
No Significant
Intersections
|
AR20-358R
|
180/-45
|
No Significant
Intersections
|
AR20-360R
|
270/-75
|
50.29
|
67.06
|
16.76
|
0.30
|
2.67
|
0.33
|
AR20-361R
|
310/-85
|
74.68
|
77.72
|
3.05
|
0.38
|
3.35
|
0.42
|
AR20-362R
|
200/-80
|
No Significant
Intersections
|
AR20-367R
|
ROM Pad
2
|
0/-75
|
56.39
|
85.34
|
28.96
|
0.30
|
4.96
|
0.37
|
Including
|
|
68.58
|
71.63
|
3.05
|
0.81
|
10.25
|
0.94
|
AR20-368R
|
0/-65
|
32.00
|
45.72
|
13.72
|
0.44
|
10.72
|
0.59
|
Including
|
|
42.67
|
45.72
|
3.05
|
1.13
|
29.40
|
1.52
|
And
|
|
70.10
|
80.77
|
10.67
|
0.28
|
1.27
|
0.30
|
And
|
|
120.40
|
126.49
|
6.10
|
0.29
|
1.70
|
0.31
|
And
|
|
256.03
|
275.84
|
19.81
|
0.45
|
0.88
|
0.46
|
Including
|
|
268.22
|
272.80
|
4.57
|
1.12
|
0.70
|
1.13
|
AR20-370R
|
45/-75
|
60.96
|
85.34
|
24.38
|
0.29
|
4.46
|
0.35
|
Including
|
|
60.96
|
68.58
|
7.62
|
0.57
|
8.06
|
0.68
|
AR20-371R
|
45/-60
|
27.43
|
303.28
|
275.84
|
0.27
|
3.75
|
0.32
|
Including
|
|
28.96
|
41.15
|
12.19
|
0.45
|
1.55
|
0.47
|
Including
|
|
85.34
|
92.96
|
7.62
|
0.66
|
1.30
|
0.67
|
Including
|
|
140.21
|
144.78
|
4.57
|
0.43
|
0.77
|
0.44
|
Including
|
|
198.12
|
295.66
|
97.54
|
0.41
|
8.61
|
0.52
|
Including
|
|
216.41
|
225.55
|
9.14
|
0.74
|
19.88
|
1.01
|
Including
|
|
234.70
|
243.84
|
9.14
|
1.01
|
26.88
|
1.37
|
Including
|
|
286.51
|
294.13
|
7.62
|
0.49
|
3.32
|
0.54
|
AR20-372R
|
340/-60
|
25.91
|
30.48
|
4.57
|
0.36
|
15.57
|
0.57
|
And
|
|
64.01
|
70.10
|
6.10
|
1.10
|
21.57
|
1.38
|
And
|
|
96.01
|
109.73
|
13.72
|
0.33
|
1.19
|
0.34
|
And
|
|
123.44
|
126.49
|
3.05
|
0.26
|
0.95
|
0.27
|
And
|
|
143.26
|
147.83
|
4.57
|
0.61
|
4.50
|
0.67
|
And
|
|
176.78
|
187.45
|
10.67
|
0.28
|
2.37
|
0.32
|
And
|
|
234.70
|
242.32
|
7.62
|
0.24
|
1.18
|
0.25
|
And
|
|
251.46
|
260.60
|
9.14
|
0.35
|
1.20
|
0.37
|
Note: True thickness ranges between
approximately 62% of the reported interval thickness for
subvertical drilling and 99% for drilling inclined at -45 degrees
to the Ruth vein. Assay data are uncapped. AuEq = Au + Ag/75. RC
drilling was conducted by Boart Longyear. RC samples, collected
every 1.52 m, were transported in sealed bags to Skyline Assayers
and Laboratories (Skyline) in Tucson, AZ. Field control QAQC
samples, including standards, blanks, and field duplicates, were
inserted into the sample stream at a rate of three field control
samples approximately every 20 regular samples. Gold was determined
by fire-assay fusion of a 30 g sub-samples with atomic absorption
spectroscopy (method FA-01). Overlimit samples of gold were assayed
by gravimetric means (FA-02). Skyline Laboratories is accredited in
accordance with ISO/IEC 17025:2017 and ISO 9001:2015.
|
Qualified Person
Dr. Warwick Board, P.Geo., Vice
President Exploration of Northern Vertex, is the Qualified Person
as defined by NI 43-101 responsible for the Moss Regional
Exploration Project and has reviewed and approved the scientific
and technical information in this news release related thereto.
About Northern Vertex Mining Corp.
Northern Vertex offers investors a rare combination of cash
flow, production, top-tier management, and exceptional exploration
potential within two projects on the Walker Lane Gold Trend of
western Nevada and Arizona. Management is executing a clear
strategy that expands production and resources at the Moss Mine in
Arizona while aggressively
exploring the Hercules Project in Nevada.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX MINING CORP
"Michael G. Allen"
President
TSXV: NEE | Nasdaq Intl: NHVCF | Frankfurt: 54N | ISIN: CA6660061012 | WKN:
A1JUA0
Neither the 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 Statement Regarding Forward-Looking
Information
All statements, trend analysis and other information contained
in this press release about anticipated future events or results
constitute forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "expect" and
"intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. All statements, other than statements of historical
fact, included herein, are forward-looking statements. Although
Northern Vertex believes that the expectations reflected in such
forward-looking statements and/or information are reasonable, undue
reliance should not be placed on forward-looking statements since
Northern Vertex can give no assurance that such expectations will
prove to be correct. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements, including the risks, uncertainties
and other factors identified in Northern Vertex's periodic filings
with Canadian securities regulators. Forward-looking statements are
subject to business and economic risks and uncertainties and other
factors that could cause actual results of operations to differ
materially from those contained in the forward-looking statements.
Important factors that could cause actual results to differ
materially from Northern Vertex's expectations include risks
associated with the business of Northern Vertex; risks related to
reliance on technical information provided by Northern Vertex;
risks related to exploration and potential development of Northern
Vertex's projects; business and economic conditions in the mining
industry generally; fluctuations in commodity prices and currency
exchange rates; uncertainties relating to interpretation of drill
results and the geology, continuity and grade of mineral deposits;
the need for cooperation of government agencies in the exploration
and development of properties and the issuance of required permits;
the need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs and
uncertainty of meeting anticipated program milestones; uncertainty
as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time and
additional risks identified in Northern Vertex's filings with
Canadian securities regulators on SEDAR (available at
www.sedar.com). Forward-looking statements are based on estimates
and opinions of management at the date the statements are made.
Northern Vertex does not undertake any obligation to update
forward-looking statements except as required by applicable
securities laws. Investors should not place undue reliance on
forward-looking statements.
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