VANCOUVER, June 11, 2019 /CNW/ - Northern Vertex Mining
Corp. (TSX.V: NEE) (OTC Nasdaq Intl.:
NHVCF) (the "Company" or "Northern Vertex")
is pleased to announce, for the third consecutive month, increased
gold and silver production totaling 2,868 gold equivalent ounces
(2,655 oz gold and 14,940 oz silver) during May from
the Moss Gold Mine, located in Northwest Arizona. See table
below for details of operating results for May 2019, April
2019 and Nine Months ended March 31,
2019.
Kenneth Berry, President and
CEO, states: "We are pleased with the continued increase in
gold and silver production at the Moss Mine. Building on the
achievements realized by our operational team over the past few
months, yields have significantly improved and are reflected in the
increased gold and silver production. In addition, we have now
stacked more than 30,703 oz's of contained gold which sits in
inventory on the leach pad. Based on metallurgical work from our
original 125,000 tonne pilot heap, our feasibility and from a
recently established column testing program, we believe we will
recover in the range of 24,000 to 26,000 ounces of gold from our
heap inventory over the coming months, in addition to ounces placed
on the pad each month."
Operating Results for May 2019,
April 2019 and Nine Months Ended Year
to Date:
|
One Month
Ended
May 31,
2019
|
One Month
Ended
April 30,
2019
|
Nine Months
Ended
March 31,
2019(1)
|
Mining
|
|
|
|
Ore mined
(tonnes)
|
143,580
|
146,555
|
1,423,890
|
Waste mined
(tonnes)
|
445,946
|
520,733
|
2,608,396
|
Total mined
(tonnes)
|
589,526
|
667,289
|
4,032,286
|
Strip ratio
(waste/ore)
|
3.11
|
3.55
|
1.83
|
Crushing
|
|
|
|
Tonnes
stacked
|
196,803
|
182,824
|
1,546,967
|
Tonnes stacked per
day (average)
|
6,348
|
6,094
|
5,646
|
Tonnes stacked per
operating day
|
7,569
|
8,310
|
8,490
|
Tonnes stacked per
operating hour
|
432
|
447
|
453
|
Contained gold ounces
stacked
|
3,800
|
4,643
|
35,501
|
Contained silver
ounces stacked
|
68,515
|
66,060
|
514,179
|
Gold grade
(g/t)
|
0.60
|
0.79
|
0.71
|
Silver
grade(g/t)
|
10.83
|
11.24
|
10.34
|
Processing
|
|
|
|
Merrill Crowe
recovery – gold (%)
|
78
|
79
|
81
|
Merrill Crowe
recovery – silver (%)
|
89
|
92
|
93
|
Gold ounces
produced
|
2,655
|
2,247
|
16,829
|
Silver ounces
produced
|
14,940
|
12,885
|
67,204
|
Sales
|
|
|
|
Gold ounces
sold
|
2,585
|
1,742
|
17,010
|
Silver ounces
sold
|
9,851
|
6,236
|
49,796
|
(1) Includes pre-commercial
production results
|
Operations Team:
Our strength is our people.
Commencing in March, daily production and weekly staff meetings
were implemented which have resulted in improvements in all aspects
of our operation. Site safety and production goals are communicated
to all employees and production data is shared in real time through
daily reports and on information boards. In addition, the Company
is investing in its team, with the initiation of an internationally
recognized training program for all Supervisors and Managers.
The Company is also pleased to announce the following additions
to our Operating Team:
General Manager
- Joel Murphy was appointed as the
Company's new General Manager at Moss. Mr. Murphy is a proven
leader, who cultivates a collaborative team approach while
implementing measurable goals. He has a broad range of experience
in all aspects of mining, processing, crushing and project
management He has managed expansion projects up to $750 million. and built operating teams in the US
and Australia.
Process Manager
- Jim Gubler was appointed to the
position of Process Manager. Mr. Gubler's experience in
Merrill Crowe processing and heap
leach management will be valuable to the Company. Mr. Gubler has
made an immediate impact by identifying and implementing several
corrective measures to the mine's processing.
Site Maintenance and Crushing Manager
- Kesler Morris was appointed
Maintenance Manager in addition to his duties as Crushing Manager.
Led by Kesler, the crushing team continues to surpass projections
set out in the Feasibility Study. Preventative maintenance programs
are now underway in all departments.
Chief Mine Geologist
- Steve Sabo has been appointed
Chief Mine Geologist. Steve's
guidance and leadership have been called upon throughout the early
stages of development. Steve has been instrumental in reworking the
current block model in order to ensure we have the most accurate
grade control for future mining. As we move forward Steve plans
additional improvements to the ore definition and grade control
programs.
Senior Engineer
- William Werner has been
appointed Senior Engineer. William is a valued team member; whose
management of the mining activities are critical to our success.
William is responsible for overseeing the mining contractor and
overseeing the mine plan.
Exploration Geologist
- Bob Cuffney was appointed Chief
Exploration Geologist. Bob's initial focus will be the development
and execution of a multi-phased exploration and resource expansion
program with the near term priority on resource expansion.
Chief Metallurgist
- Benjamin Garcia was appointed as
the Company's Chief Metallurgist. Mr. Garcia brings to the Company
over 10 years of experience in laboratory, leach pad, column tests
and processing. Mr. Garcia is overseeing the metallurgical program
and refinery operations as well as providing support on all site
technical issues.
Electrical and Instrumentation Supervisor
- John Hoefle has been appointed
Electrical Supervisor. John was instrumental in identifying
computer software issues with our Programable Logic Controls
(PLC's) which have plagued our clarifying filters since
commissioning.
Mining
The Company and its mining contractor, NAD
Degerstrom have worked hard to improve product size, highwalls,
benches, pit floors, blasting, reporting and safety. All areas are
showing improvement. Work continues to improve costs, availability
and efficiencies.
Crushing Operations
Our crushing plant has continued
to excel. Crushing, agglomeration, and stacking of ore totaled
196,803 dry tonnes, with an hourly average of 432 tonnes per hour.
Waste rock was crushed for blast hole stemming material that
totaled 5,279 waste tonnes. Process maintenance has been
significantly upgraded with the initiation of a preventative
inspection and maintenance program.
Leach Pad/ Inventory
To date we have stacked 30,703
ounces of contained gold on the heap leach pad. To confirm
gold/silver inventory, the Company has trenched to a depth of 25ft
each in six areas of the pad which had not been under leach for 85
days. Initial test work has confirmed there are no dry areas,
channeling is not occurring, and the pad is retaining its moisture
as expected. Further results are pending. The ongoing column test
program (using material derived from the actual hourly crushing
sample collection program) show ultimate column recoveries of 80%+
for gold and 60%+ for silver. The Column work on crusher samples
and the trench work will be used to optimize and shorten the
recovery curves going forward, utilizing live ore panels for
testing rather than bulk samples that are used in the feasibility.
Every current test being run shows that we can outperform the
feasibility curve with live pad conditions set to our column
testing protocols.
Merrill
Crow/Processing
Our Operations Team has made
significant progress in identifying and correcting issues that have
hampered the process plant since start up. Modifications to the
filter presses, clarifiers and vacuum pump system are underway.
These changes are expected to continue to stabilize the daily
performance of the plant, increase recovery and result in increased
production.
Phase III Mine Plan of Operations ("MPO")
The MPO
(Final) was submitted to the Kingman Field Office (KFO) of the BLM
on May 22, 2019. There has been a
high level of communication between the Company's Environmental
Consultants and the BLM Resource Specialists from both the
Kingman and Lake Havasu Field
Offices to address, explain and mitigate concerns regarding the
potential impacts of the Company's proposed expansion onto public
lands.
Qualified Person
The foregoing technical information
contained in this news release has also been reviewed and verified
by Mr. Joseph Bardswich, P.Eng., a
director of the Company and a Qualified Person ("QP") for the
purpose of National Instrument 43-101 (Disclosure Standards for
Mineral Projects).
About Northern Vertex Mining Corp.
Northern Vertex
Mining Corp., the newest gold producer in the US, is focused on low
cost gold and silver production at its 100% owned Moss Mine in
NW Arizona. The Company has
experience across all areas of operations, mine development,
exploration, acquisitions and financing of mining projects. With
operations at the flagship Moss Mine achieving commercial
production the Company intends to consolidate additional producing
or near-term production gold assets within the Western US. Through
mergers and acquisitions Northern Vertex's corporate goal is to
become a mid-tier gold producer with over 200,000 ounces of gold
production annually.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"Kenneth Berry"
President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements:
This news release contains statements about our future
business and planned activities. These are "forward-looking"
because we have used what we know and expect today to make a
statement about the future. Forward-looking statements including
but are not limited to comments regarding the timing and content of
upcoming work and analyses. Forward-looking statements usually
include words such as scheduled, may, intend, plan, expect,
anticipate, believe or other similar words. Forward-looking
statements are necessarily based upon a number of factors and
assumptions that, while considered reasonable by the Company as of
the date of such statements, are inherently subject to significant
business, economic and competitive uncertainties and
contingencies. Many factors, known and unknown, could cause
actual results to be materially different from those expressed or
implied by such forward-looking statements. We believe the
expectations reflected in these forward-looking statements are
reasonable. However, actual events and results could be
substantially different because of the risks and uncertainties
associated with our business or events that happen after the date
of this news release. Readers are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date made. As a general policy, we do not update forward-looking
statements except as required by securities laws and
regulations. US investors should be aware that mining
terminology used for Canadian mineral project reporting purposes
differs significantly from US terminology.
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SOURCE Northern Vertex Mining Corp.