Northern Vertex Mining Corp. (CVE:NEE) (OTCQX: NHVCF) unveiled Tuesday results from the first four diamond drill holes as part of its 6,500 metre phase 2 program at its Moss project in Mohave County, northwestern Arizona, showing potential for further tonnage.
The infill and resource expansion program is designed to test the
western extension of the Moss stockwork gold-silver vein system.
So far, the company has completed a total of 22 holes as part of the
campaign on the Moss project, including 18 reverse circulation holes and
four diamond drill holes.
Notable results from the first four diamond holes reported include
45.02 metres of 0.45 grams per tonne (g/t) of gold equivalent in hole
AR-139C, and 89 metres of 0.83 g/t gold equivalent in hole AR-142C,
including 5.64 metres of 4.04 g/t gold equivalent, 9.14 metres of 1.01
g/t gold equivalent and 1.52 metres of 4.96 g/t gold equivalent.
In addition, hole AR-145C hit 29.57 netres of 1.08 g/t gold equivalent.
The diamond holes, which represent the second part of the phase 2
program, are drilled using a specialized core rig to address the steeper
terrain of Moss's western extension, the company said.
"We are very pleased with results from the first 4 core holes from
our Phase II program at Moss," said chief geologist, Dr. Bob Thompson.
"Significantly, the positive gold-silver grades and intervals
encountered in all 4 holes average substantially above internal cut-off
grades, in an elevated ridge where little or no stripping is required.
"These factors indicate potential to add significant tonnage to
Moss's already established NI 43-101 gold-silver resource. Moreover, we
are equally encouraged to report results demonstrate the gold and
silver-bearing system is widening to the west."
Northern Vertex has the right to earn a 70 percent interest in the
historic Moss property from Patriot Gold Corp. After the earn-in period
is complete, financing of project will be on a proportional basis.
Northern Vertex is a gold exploration and development company operating principally in the United States and Canada.