Canadian explorer Northern Vertex (CVE:NEE) said Thursday that its Moss gold-silver joint venture project in Arizona continues to return "robust" results from phase 2 drilling of the western extension.
The results announced are from core holes 11 through 17, as part of a phase 2 program being conducted by Northern Vertex.
So far, the company has completed a total of 35 holes of its phase 2
program, including 18 reverse circulation holes and 17 diamond drill
holes. Results from six remaining holes are expected shortly, Northern
"We are very pleased with current results that demonstrate the gold
and silver-bearing epithermal system continues to broaden westward,
extending an additional 1000 feet from our existing 43-101 gold
resource," said chief geologist for Northern, 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
"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
43-101 gold resource."
Highlights of the results reported Thursday include 20.12 metres of
1.67 grams per tonne (g/t) of gold equivalent in hole AR-140C.
The Moss Mine project is situated in the historic Oatman Mining
district in northwestern Arizona, and is held under a joint venture with
Las Vegas, Nevada-based Patriot Gold Corp (OTC:PGOL).
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.
The Moss deposit is a low-sulfidation epithermal stockwork deposit, Northern said, with a strike length in excess of one mile.
"The latest results further increase our confidence as we make
progress toward a production decision for the Moss site," said CEO of
Patriot, Bob Coale.
"The continued robust results we see in the Western extension further
our belief in the viability of the Moss site's production potential."
Patriot Gold holds a portfolio of three projects in Nevada and
Arizona at varying stages of development from grassroots to advanced