Northern Vertex Mining Corp. (CVE:NEE) (OTCQX:NHVCF) unveiled Wednesday drill results from its phase II, 6,500 metre (20,000 ft) infill and resource expansion program at its Moss gold-silver project in Mohave County, northwestern Arizona.
The results from core holes 18 through 23 tested the western extension of the Moss stockwork vein system.
The company said it hit 17 metres of 1.03 grams per tonne (g/t) of
gold equivalent in hole AR-144C, including 1.37 metres of 5.09 g/t gold
equivalent, and 15 metres of 1.04 g/t gold equivalent in hole AR-159C,
as drilling continued to expand the western extension.
“We are very pleased to report that Phase II drill results have
further extended mineralization on the western extension at Moss," said
chief geologist, Dr. Bob Thompson.
"The gold/silver mineralized structure now spans 6,000 ft on strike,
remaining open to the West, East and at depth. High-grade feeder veins
were intersected to the south and are believed to be associated with
historic mining activity dating back to the early 1900’s.
"Overall, results further confirm that the Western Extension at Moss
contains remarkably uniform gold and silver distribution over
The company said results have now been reported for all phase II
drilling, including 18 reverse circulation drill holes and 23 diamond
drill (core) holes.
"We continue to encounter multi-metre, 1+ gpt Gold Eqv intervals and
multi-gram hot spots, contained within 40+metre intersections, running
well above internal cut-off grades," continued Thompson.
"It is this type of consistent mineralization that will undoubtedly
play a vital role in boosting the overall size and tonnage of the
contained Gold-Silver resource at Moss, as we continue our expansion
west of our current NI 43-101 Gold-Silver resource."
In March of last year, Northern Vertex acquired the rights to 70
percent of the Moss gold-silver project, where the company drilled a
substantial amount to delineate an NI 43-101 compliant gold-silver
CEO Ken Berry says the company drilled off a current resource of
590,000 ounces of gold equivalent, 90 percent of which is in the
measured and indicated category.
A resource update is expected to follow shortly.
Earlier this month, the company announced results which included
20.12 metres of 1.67 grams per tonne (g/t) of gold equivalent in hole
Since the joint venture project with Northern was announced in March
2011, the project has completed 87 drill holes through reverse
circulation, diamond drill and coring techniques.
Northern Vertex is a gold exploration and development company
operating principally in the United States and Canada. The company also
has the earlier stage Copley project to its name, which is located in
the Nechako region of central British Columbia.