VANCOUVER, BC, Sept. 8, 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.
Douglas J. Hurst, Northern
Vertex Chairman, commented, "The increase of our geological
understanding of the Moss Mine and surrounding district is a
testament to the work of Dr. Warwick Board, Vice President of Exploration
of the Company, and the geological team at site. We believe
the potential of the district is largely untapped and we see the
potential for a generational mine at Moss"
Results presented in this release are focused on the Moss-Ruth
Intersection drilling project beneath the active Center and East
pits, and on the greenfield West Oatman Target (Figure 1. Moss
Project Drilling Update Location).
Key Points, Moss Mine Drilling:
- Multiple high-grade epithermal gold and silver intervals of the
Moss vein and its associated hanging wall stockwork zone were
intersected in numerous drillholes along the approximately 600
meters strike length tested in this round of drilling:
-
- Drillhole AR21-486R, drilled beneath the eastern flank of the
Center pit, returned 64.01 meters grading 1.65 g/t gold and 15.39
g/t silver, including 35 g/t gold and 252 g/t silver over 1.52
meters
- Drillhole AR21-490R, drilled below the highwall between the
Center and East pits, intersected 50.29 meters grading 1.61 g/t
gold and 20.39 g/t silver, including 18.29 meters grading 3.55 g/t
gold and 40.04 g/t silver
- Drillhole AR21-469R, drilled beneath the East pit, returned
65.53 meters grading 0.49 g/t gold and 6.15 g/t silver, including
4.57 meters grading 2.19 g/t gold and 20.90 g/t silver, and 6.10
meters grading 1.01 g/t gold and 16.05 g/t silver
- Drillhole AR21-479R, under the eastern side of the East pit,
intersected 83.82 meters grading 0.44 g/t gold and 4.67 g/t silver,
including 9.14 meters grading 2.34 g/t gold and 10.17 g/t
silver
- A broad interval of 207.46 meters grading 0.77 g/t gold and
11.80 g/t silver was intersected in drillhole AR21-491R, also
drilled beneath the highwall between the Center and East pits.
Although this drillhole was drilled down dip of the Moss vein, it
highlights the potential extent of mineralized Moss vein to depths
of at least 200 meters beneath this part of the mine.
- Drilling continues to intersect thick, quartz stockwork zones,
up to 205.74 meters grading 0.42 g/t gold and 4.07 g/t silver
(AR21-488R)
Northern Vertex President, Michael G.
Allen commented, "Thick zones of gold-silver
mineralization beneath the current mining operations at Moss mine
continue to highlight the opportunity for substantial intra-mine
resource growth. We are excited for our upcoming resource update
and subsequent resource updates in the future as we continue to
demonstrate the significant district-scale potential of our 168
square kilometer land package surrounding the Moss Mine."
Moss-Ruth Intersection Geology
The Moss and Ruth veins are fault-hosted epithermal
quartz-calcite veins with associated vein stockwork that are
younger than and cut across the Moss quartz monzonite porphyry host
rock in the vicinity of the mine. The Moss vein strikes slightly
north of west (~275-285 degrees) and dips steeply (~70-75 degrees)
to the south in the vicinity of the mine. Locally, the Moss vein
develops a more northerly strike. The Ruth vein, which is
approximately 175 meters to the south of the Moss vein on surface,
is sub-parallel to, and dips moderately (~50-60 degrees) north
towards the Moss vein, with the distance between the two veins
diminishing with depth. The two veins intersect at depths of
between 180 meters and 230 meters below the current surface.
Moss vein hanging wall stockworks are present both above and below
the intersection between the two veins.
Moss Mine Drill Results
Assay results for 20 reverse circulation (RC) drillholes, and
one diamond core hole drilled from five different locations are
presented in this news release (Table 1). These results are
from drilling spanning a strike length of greater than 600 meters
(Figure 2. Moss and Ruth Drilling Location). The majority of
these drillholes were drilled towards the north and northeast, from
the south side of the active Center and East pits, targeting the
Moss vein. Drillholes AR21-490R (subvertical) and AR21-491R
(inclined to the south) were drilled in the highwall area between
the Center and East Pits, targeting the Moss vein in this
area. Drillhole AR21-491R was drilled down dip of the Moss
vein due to drillhole location challenges associated with active
mining in this part of the pit. Drillhole AR21-489R was
drilled subvertically, targeting the Ruth vein and associated vein
stockwork to the south of the Center pit.
Results continue to indicate the presence of thick zones of
epithermal gold and silver mineralization in the Moss vein and its
hanging wall stockwork beneath the current mine (Figure 3. Cross
Section Line C, Moss-Ruth Intersection Drilling). Higher
grade gold and silver mineralization was generally intersected in
the main Moss vein, with narrow intersections of high-grade gold
and silver also intersected in parts of the hanging wall stockwork
zone. Drilling continues to intersect significant
precious metal mineralization in undrilled parts of the highwall
area between the Center and East pit, with mineralization being
intersected from surface in drillhole AR21-490R down to a depth of
at least 200 meters below the current base of mining in drillhole
AR21-491R.
Table 1: Results of Northern Vertex's 2021 Resource
Expansion Drilling targeting the Moss vein, the Ruth vein, and the
Moss-Ruth Intersection beneath the Moss Mine
Location
|
Hole
ID
|
Target
|
Az/Dip
(Degrees)
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
AuEq
(g/t)
|
Otto
Load 2
|
AR21-463R
|
Moss vein
|
032/-60
|
190.50
|
196.60
|
6.10
|
0.53
|
3.75
|
0.58
|
AR21-464R
|
Moss-Ruth
Intersection
|
032/-67
|
161.54
|
170.69
|
9.14
|
0.47
|
2.98
|
0.51
|
and
|
211.84
|
237.74
|
25.91
|
0.28
|
3.94
|
0.33
|
incl.
|
224.03
|
227.08
|
3.05
|
0.66
|
8.65
|
0.77
|
and
|
277.37
|
284.99
|
7.62
|
0.27
|
1.56
|
0.29
|
Fuel
Tanks
|
AR21-469R
|
Moss vein
|
004/-45
|
193.55
|
259.08
|
65.53
|
0.49
|
6.15
|
0.57
|
incl.
|
199.64
|
204.22
|
4.57
|
2.19
|
20.90
|
2.47
|
incl.
|
249.94
|
256.03
|
6.10
|
1.01
|
16.05
|
1.22
|
AR21-470R
|
Moss vein
|
004/-51
|
228.60
|
263.65
|
35.05
|
0.48
|
3.85
|
0.53
|
incl.
|
237.74
|
246.89
|
9.14
|
1.05
|
4.83
|
1.11
|
and
|
294.13
|
301.75
|
7.62
|
0.30
|
1.12
|
0.32
|
AR21-472R
|
Moss vein
|
032/-45
|
176.78
|
179.83
|
3.05
|
0.46
|
4.60
|
0.52
|
and
|
219.46
|
222.50
|
3.05
|
2.20
|
13.50
|
2.38
|
and
|
236.22
|
256.03
|
19.81
|
0.55
|
11.17
|
0.70
|
AR21-473R
|
Moss vein
|
032/-53
|
181.36
|
280.42
|
99.06
|
0.29
|
3.35
|
0.34
|
incl.
|
181.36
|
187.45
|
6.10
|
0.71
|
4.43
|
0.77
|
incl.
|
196.60
|
202.69
|
6.10
|
0.85
|
11.80
|
1.00
|
AR21-474R
|
Moss vein
|
032/-60
|
234.70
|
237.74
|
3.05
|
0.51
|
9.25
|
0.63
|
and
|
303.28
|
307.85
|
4.57
|
0.28
|
10.10
|
0.41
|
Butt
Dumps
|
AR21-456C
|
Moss vein
|
025/-55
|
173.13
|
210.62
|
37.49
|
0.41
|
3.19
|
0.45
|
incl.
|
177.70
|
182.91
|
5.21
|
0.81
|
5.40
|
0.88
|
AR21-479R
|
Moss vein
|
330/-60
|
164.59
|
248.41
|
83.82
|
0.44
|
4.67
|
0.51
|
incl.
|
234.70
|
243.84
|
9.14
|
2.34
|
10.17
|
2.48
|
AR21-480R
|
Moss vein
|
003/-45
|
143.26
|
175.26
|
32.00
|
0.27
|
3.07
|
0.31
|
AR21-481R
|
Moss vein
|
003/-52
|
156.97
|
172.21
|
15.24
|
0.37
|
3.48
|
0.41
|
and
|
202.69
|
204.22
|
1.52
|
1.07
|
2.00
|
1.10
|
AR21-482R
|
Moss vein
|
003/-65
|
No significant
Intersection
|
AR21-483R
|
Moss vein
|
003/-70
|
163.07
|
185.93
|
22.86
|
0.27
|
3.13
|
0.31
|
Line C
|
AR21-484R
|
Moss
vein
|
013/-45
|
118.87
|
158.50
|
39.62
|
0.74
|
15.12
|
0.94
|
incl.
|
138.68
|
149.35
|
10.67
|
1.37
|
34.34
|
1.83
|
AR21-485R
|
Moss vein
|
013/-63
|
103.63
|
167.64
|
64.01
|
0.59
|
7.44
|
0.69
|
incl.
|
123.44
|
128.02
|
4.57
|
3.89
|
74.97
|
4.89
|
incl.
|
161.54
|
164.59
|
3.05
|
2.13
|
7.30
|
2.23
|
AR21-486R
|
Moss vein
|
013/-70
|
128.02
|
192.02
|
64.01
|
1.65
|
15.39
|
1.85
|
incl.
|
167.64
|
181.36
|
13.72
|
6.46
|
62.28
|
7.29
|
incl.
|
167.64
|
169.16
|
1.52
|
35.00
|
252.00
|
38.36
|
AR21-487R
|
Moss-Ruth
Intersection
|
013/-75
|
120.40
|
252.98
|
132.59
|
0.51
|
5.78
|
0.59
|
incl.
|
120.40
|
129.54
|
9.14
|
2.28
|
6.77
|
2.37
|
incl.
|
204.22
|
217.93
|
13.72
|
1.12
|
26.26
|
1.47
|
AR21-488R
|
Moss-Ruth
Intersection
|
013/-80
|
73.15
|
278.89
|
205.74
|
0.42
|
4.07
|
0.47
|
incl.
|
73.15
|
79.25
|
6.10
|
3.83
|
54.23
|
4.55
|
incl.
|
100.58
|
108.20
|
7.62
|
0.81
|
3.78
|
0.87
|
incl.
|
149.35
|
152.40
|
3.05
|
3.11
|
2.15
|
3.14
|
incl.
|
274.32
|
278.89
|
4.57
|
1.51
|
0.73
|
1.52
|
AR21-489R
|
Ruth
vein
|
013/-88
|
132.59
|
243.84
|
111.25
|
0.33
|
3.12
|
0.37
|
incl.
|
155.45
|
160.02
|
4.57
|
0.70
|
15.53
|
0.91
|
incl.
|
173.74
|
179.83
|
6.10
|
0.72
|
3.95
|
0.77
|
incl.
|
208.79
|
213.36
|
4.57
|
0.80
|
8.40
|
0.91
|
Site F6
|
AR21-490R
|
Moss vein
|
180/-88
|
0.00
|
50.29
|
50.29
|
1.61
|
20.39
|
1.88
|
incl.
|
4.57
|
22.86
|
18.29
|
3.55
|
40.04
|
4.08
|
AR21-491R*
|
Moss vein;
Moss-Ruth
Intersection
|
180/-68
|
24.38
|
231.65
|
207.26
|
0.77
|
11.80
|
0.93
|
incl.
|
24.38
|
89.92
|
65.53
|
1.48
|
17.96
|
1.72
|
Note: True thickness ranges between
approximately 30% of the reported interval thickness for
subvertical drilling and 88% for drilling inclined at -45 degrees
to the Moss vein; *Note that drillhole AR21-491R was drilled down
dip of the Moss vein due to drillhole location issues in this part
of the active mine, and hence is not representative of the true
thickness of the vein. Assay data are uncapped. AuEq = Au + Ag/75.
RC Drilling was completed by Boart Longyear, core drilling was
completed by Timberline Drilling. RC samples, were collected
every 1.52 m. Both core and RC samples 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 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.
|
The 2021 Moss-Ruth Intersection drilling program is ongoing,
with two RC drill rigs currently in operation. One of the
rigs is targeting the eastern extension of the Moss vein to the
east of the East pit. The other RC rig is working on
connecting the West and Center pits in the Gold Bridge area. Results from this
program will continue to be released following receipt, compilation
and review.
West Oatman Vein System
The West Oatman vein system is
located approximately 2.3 kilometers south of the Moss Mine
crusher. The fault-hosted vein, vein stockwork, and
quartz-calcite breccia system is sub-parallel (N70W) and appears to
be analogous to the Moss vein system. The vein system dips
moderately steeply (~50-65 degrees) to the north. A
significant zone of silicification and stockwork veining is present
in the footwall to the vein. The host fault has been mapped
over a strike length of approximately 4.5 kilometers and is
interpreted to be an extension of the Gold Road structure to the
southeast. Previous drilling on the West Oatman structure indicated that
mineralized intersections appear to increase in both grade and
thickness with depth (see News Release dated 11 May 2021).
West Oatman Drill Results
Seven diamond core drillholes were drilled from three sites on
the West Oatman Target, covering a strike length of approximately
275 meters of the vein system (Figure 4. West Oatman Target
Drilling Location Map). Two drillholes were drilled from each
of Sites 5 and 6, with three drillholes drilled from Site
1. The three holes drilled from Site 1 followed-up on
drillhole AR21-259R which was drilled in 2020 (see News Release
dated 12 August 2020; Figure 5. Cross
Section: West Oatman Target Site 1).
Highlight results include drillhole WO21-20C, which
intersected:
- 35.97 meters grading 0.36 g/t gold and 1.64 g/t silver,
including
-
- 10.97 meters grading 0.63 g/t gold and 0.98 g/t silver
- and 19.51 meters grading 0.31 g/t gold and 0.82 g/t silver,
including
-
- 7.01 meters grading 0.46 g/t gold and 1.32 g/t silver
- and 3.05 meters grading 0.59 g/t gold and 11.35 g/t silver
- and 1.68 meters grading 0.37 g/t gold and 14.60 g/t silver
Results continue to indicate the presence of relatively broad
zones of epithermal gold and silver mineralization in the upper
parts of the West Oatman vein
system with an apparent increase in grade at depth.
Importantly, these drilling results indicate that the footwall
silcification zone contains gold and silver mineralization,
suggesting the presence of thicker than expected mineralization
zones that are open at depth and along strike.
This tranche of drilling targeted gaps in the upper parts of the
large quartz-calcite breccia in the central parts of the
West Oatman vein system.
Drilling locations have been permitted along approximately 2.7
kilometers of the West Oatman vein
system. More drilling is being planned for Q4 2021 to test
the deeper parts of the West
Oatman vein system and the footwall silicification zone.
Table 2: Results of Northern Vertex's 2021
West Oatman diamond core drilling
program
Location
|
Hold
ID
|
Target
|
Az/Dip
(Degrees)
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
AuEq
(g/t)
|
Site 5
|
WO21-014C
|
West
Oatman
|
200/-45
|
46.12
|
53.95
|
7.83
|
0.36
|
2.63
|
0.40
|
WO21-015C
|
170/-45
|
27.65
|
30.33
|
2.68
|
0.55
|
4.96
|
0.62
|
and
|
46.63
|
55.78
|
9.14
|
0.27
|
4.60
|
0.33
|
and
|
96.62
|
101.50
|
4.88
|
0.53
|
0.68
|
0.53
|
Site 6
|
WO21-016C
|
160/-53
|
22.04
|
41.91
|
19.87
|
0.28
|
2.54
|
0.31
|
and
|
63.40
|
67.97
|
4.57
|
0.61
|
0.90
|
0.62
|
WO21-017C
|
160/-65
|
20.73
|
25.30
|
4.57
|
0.30
|
5.83
|
0.38
|
and
|
37.49
|
43.59
|
6.10
|
0.44
|
1.80
|
0.46
|
and
|
61.87
|
65.96
|
4.08
|
0.26
|
0.75
|
0.27
|
Site 1
|
WO21-018C
|
210/-45
|
32.16
|
77.42
|
45.26
|
0.25
|
1.14
|
0.26
|
Incl.
|
32.16
|
36.88
|
4.72
|
0.35
|
1.98
|
0.38
|
Incl.
|
63.09
|
71.93
|
8.84
|
0.38
|
0.97
|
0.39
|
WO21-019C
|
210/-65
|
31.42
|
99.97
|
68.55
|
0.25
|
2.33
|
0.28
|
Incl.
|
35.97
|
39.01
|
3.05
|
0.94
|
17.40
|
1.17
|
WO21-020C
|
210/-80
|
44.96
|
80.92
|
35.97
|
0.36
|
1.64
|
0.38
|
Incl.
|
62.94
|
73.91
|
10.97
|
0.63
|
0.98
|
0.64
|
and
|
91.74
|
111.25
|
19.51
|
0.31
|
0.82
|
0.32
|
Incl.
|
95.10
|
102.11
|
7.01
|
0.46
|
1.32
|
0.48
|
and
|
121.46
|
124.51
|
3.05
|
0.59
|
11.35
|
0.74
|
and
|
136.86
|
138.53
|
1.68
|
0.37
|
14.60
|
0.56
|
Note: True thickness ranges between
approximately 94% and 64% of the reported interval thickness for
drilling inclined at between -45 degrees and -80 degrees,
respectively, to the West Oatman vein. Assay data are uncapped.
AuEq = Au + Ag/75. Core Drilling was completed by Timberline
Drilling. Core samples 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 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
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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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SOURCE Northern Vertex Mining Corp.