Northern Vertex Mining Corp. (CVE:NEE) (OTCQX:NHVCF) unveiled Monday results from its phase II, 6,500 metre in-fill drill and resource expansion program at the Moss gold-silver project in Mohave County, Arizona.
The results Monday are from core holes 11 through 17 of the program,
which was designed to test the western extension of the Moss stockwork
Highlights included hole AR-140C, which returned 50.29 metres of 0.89
grams per tonne (g/t) gold equivalent, including 20 metres of 1.67 g/t
"We are very pleased with current drill results that demonstrate the
gold and silver-bearing epithermal system continues to broaden westward,
extending an additional 1000 feet from our existing NI 43-101 gold
resource," said chief geologist Dr. Bob Thompson.
"Equally encouraging, the higher-grade zones encountered, occur
within a series of thick mineralized intersections that continue to
average above internal cut-off grades, remaining open to the west and at
"Importantly, as we continue our resource expansion to the west, we
are encountering the same type of higher-grade zones and consistent
internal gold distribution that was instrumental in developing our
initial NI 43-101 gold resource."
So far, the company has reported on 35 holes of its phase II in-fill
drill and resource expansion program. Included in the total are 18
reverse circulation drill holes and 17 diamond drill, or core, holes.
Northern Vertex said phase II drilling is now complete, with results for the remaining six holes expected shortly.
Earlier this month, the company reported on the results of core holes
five through 10. Highlights included 6.26 grams per tonne (g/t) gold
equivalent over 1.68 metres, 5.37 g/t gold equivalent over 1.83 metres,
4.03 g/t equivalent over 1.22 metres and 3.61 g/t gold equivalent over
The company has the right to earn a 70 percent interest in the historic Moss gold-silver property from Patriot Gold Corp.
Canadian exploration and mining company's strategy is to acquire,
develop and advance precious metal projects in Canada and the US,
targeting the conversion of historical resource estimates to NI 43-101
In March of last year, Northern Vertex
acquired the rights to 70 percent of the Moss gold-silver project, where
the company has since delineated a substantial NI 43-101 compliant
It drilled off a current resource of
590,000 ounces of gold equivalent, 90 percent of which is in the
measured and indicated category.