VANCOUVER, Aug. 13, 2019 /CNW/ - Northern Vertex Mining
Corp. (TSX.V: NEE) (OTC Nasdaq Intl.:
NHVCF) (the "Company" or "Northern Vertex")
is pleased to announce gold and silver production totaling
3,299 gold equivalent ounces (3,001 oz gold and
22,383 oz silver) during the month July at the Moss Gold
Mine, located in Northwest
Arizona.
Kenneth Berry, President and
CEO, states: "We are pleased to report our best production
month ever at the Moss Mine. The improvement in production is a
direct reflection of our management team's transparent operational
culture, modifications to the Merrill Crowe facility and
adjustments to Pad Management."
Production Results for the Months Ended March 31, 2019 to July 31,
2019:
Production
for
the Months
Ended
|
March 31,
2019
|
April
30,2019
|
May
31,2019
|
June 30,
2019
|
July 31,
2019
|
Gold
ounces
|
2,135
|
2,247
|
2,655
|
2,580
|
3,001
|
Silver
ounces
|
9,702
|
12,885
|
14,940
|
18,051
|
22,383
|
Gold equivalent
ounces
|
2,264
|
2,419
|
2,854
|
2,821
|
3,299
|
*Gold to
Silver Ratio 75:1
|
Joel Murphy, General Manager
commented, "Work continues at site to build a world class
management team. To this end the site underwent a structural
reorganization in Management that will set the Operational team
going forward. Now that we have gone into steady state production,
our goal is to build the best mining team we can. The hiring of
safe dedicated personnel to fill our positions is paramount to our
future. Now that all aspects of our operations are reaching steady
state operations, work is focused on the reduction of operating
costs. We have several large projects on site to keep things
operating well into the future with a pad expansion by year end and
reviews for building a power line to site."
Exploration
Preparation is underway for a reverse
circulation (RC) in-fill drill program on the Western Extension
resource area and to test known surface mineralization on strike to
the east and west of the current mining operations. Roads and pads
are being constructed and commencement of drilling is scheduled to
begin in September 2019.
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. 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.