Monday, 29 October 2012

Northern Vertex expects Moss drill results from current program soon, files bigger NI 43-101 resource

Northern Vertex Mining Corp. (CVE:NEE) (OTCQX:NHVCF) said in a statement Monday that it will report initial results from current drilling at its Moss gold-silver project in Arizona in the near future, as it filed its NI 43-101 technical report on the asset this morning.
The company filed the report that estimated 956,800 ounces of measured and indicated gold equivalent resources, and 266,340 ounces of inferred gold equivalent resources. 
The inferred resource category as it was filed is higher than the initial 199,100 gold equivalent ounces as announced in its September news statement. 
The company said that on final review and compilation of results by Scott E. Wilson Consulting, an additional 67,240 ounces of gold equivalent resources met the 0.3 grams per tonne (g/t) cutoff criteria, and were therfore added to the inferred resource total. 
Northern Vertex also said that samples from a total of 75 percussion drill holes have been sent for assaying from its current 5,000 metre drilling program at Moss, with results anticipated shortly. 
A rig capable of operating on hillsides is being used to drill closely-spaced holes to provide enough data for mine design and mine planning purposes. 
The Moss mine, in Mojave County, Arizona, is a low-sulfidation epithermal deposit, with a 2 km strike length. 

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