Welcome!

News Feed Item

Northern Vertex Provides Exploration Update

Airborne Magnetics Survey Identifies Multiple Blue Sky Targets

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/01/14 -- Northern Vertex Mining Corp. (the "Company") (TSX VENTURE: NEE) (OTCQX: NHVCF) is pleased to provide an update on the Company's property wide exploration plans and opportunities on its Moss Mine Gold-Silver property located in Mohave County, Arizona, USA.

Recent interpretation of an airborne magnetic survey carried out on the Company's Moss Mine property has shown that magnetics are effective in helping to map potential mineralized structures on the property - the resulting surveys are attached. Both magnetic highs and lows correspond with known mineralized structures on the Company's property. Highlights of this interpretation are:


--  The main Moss resource and hosting structure lies along a well-defined
    magnetic high and importantly shows there are 3 kilometers of unexplored
    potential on the one structure.

--  The current Moss resource sits along 1500 meters of strike exclusive of
    the 3 kilometers of untested structure.

--  Including the Moss structure there are 9 magnetic linear anomalies
    associated with known mineral occurrences or historic workings
    indicating potential for hosting new discoveries along these structures.

--  One of these structures includes nearly 6 kilometers of the mapped
    extension of the structure hosting the Gold Road deposit which produced
    nearly 500,000 ounces at 0.32 opt gold.

--  In all, there are approximately 21 kilometers of potential strike length
    along these structures defined by the magnetics. As well as the
    magnetics, field mapping and the abundance of historic mineral
    occurrences and old workings were used to interpret the data.

--  Several other linear magnetic lows and highs occur across the property
    and require ground work to determine if they are mineralized.

--  Historic production in the Oatman District is recorded at 2.2 million
    ounces gold production with 2 million coming from the United Eastern,
    Tom Read and Gold Road mines at a combined average grade of 0.59 opt.
    gold. The principle ore bodies in these mines occupied strike lengths of
    130 meters (450 feet) to 1160 meters (3800 feet). These are outlined on
    the attached chart.

In conclusion, this new data, and the implications of its interpretation, indicate that the exploration potential of the Company's Moss mine property - with 21 kilometers of structure to be explored - is very good. Given that the Moss Mine structure contains 654,000 ounces of M+I AuEq (see below for a detailed breakdown and assumptions used) and 82,000 ounces of inferred (see below for the details and assumptions used) along 1500 meters of mineralized structure and that the United Eastern, Tom Reed and Gold Road mines produced over 2.0 million ounces along a combined strike length of approximately 2 kilometers of mineralized structure, the Blue Sky exploration potential of the Moss mine property can be considered highly prospective. The Company is designing an exploration programme to assess this potential to run concurrent with completion of the feasibility study and development of the Phase II - Operations phase of the Company's business plan..

Dick Whittington, President & CEO Northern Vertex Mining Corp., states, "The Moss Mine property is in a highly prospective area for gold discoveries. This new data highlights the potential for further discoveries on the Company's Moss Mine property. This is pure "Blue Sky" right now but this type of airborne magnetics, along with site mapping, in a region of extensive historic workings, has been the foundation for many successful early stage exploration programmes."

Ongoing Activities:

The Company's operations currently focus solely on the leaching of gold from the pilot plant leach pad operation. The Company continues to exercise fiscal responsibility and has reduced costs, corporately and in the field, in order to preserve cash in the current market environment. Work on the Feasibility Study continues with the immediate focus on reviewing and enhancing the Company's block model based on the most recent drilling (see News Release dated October 17, 2013); and additional geological information made available as a result of the Company's Phase I - Pilot Plant operations.

Qualified Persons:

The foregoing geological disclosure has been reviewed and verified by James McDonald, P.Geo. Mr. McDonald is a director of Northern Vertex. and a Qualified Person ("QP") for the purpose of National Instrument 43-101 (Disclosure Standards for Mineral Projects).

Moss Mine Mineral Resource Estimate:

The Moss Mine deposit is an epithermal, brecciated, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 200 meters vertically. The Moss mineral resources as estimated in the Company's recent preliminary economic assessment as outlined in the Company's News Release dated June 18, 2013, are as follows:


                                                               Grade
                                                       ---------------------
                                                          AuEq     Au     Ag
                                                       ---------------------
Resource            Au
 Category    Eq(i)(oz)    Au (oz)    Ag (oz)     Tonnes  (g/t)  (g/t)  (g/t)
----------------------------------------------------------------------------
Measured       419,000    345,000  3,688,000 12,611,000   1.03   0.85   9.10
----------------------------------------------------------------------------
Indicated      235,000    192,000  2,142,000  9,978,000   0.73   0.60   6.70
----------------------------------------------------------------------------
M+I            654,000    537,000  5,830,000 22,589,000   0.90   0.74   8.00
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Inferred        82,000     66,000    801,000  3,957,000   0.64   0.52   6.30
----------------------------------------------------------------------------

--  Gold equivalency is based on a silver:gold ratio of 50:1 and assumes
    100% recovery of all metals.
--  A 0.30 g/t Au cut-off grade was used.
--  Mineral Resources are not Mineral Reserves and do not have demonstrated
    economic viability. There is no certainty that all or any part of the
    Mineral Resources estimated will be converted into Mineral Reserves
    estimates.
--  Mineral resource tonnage and contained metal have been rounded to
    reflect the accuracy of the estimate and numbers may not add due to
    rounding.
--  Resources were based on 36,805 meters of drilling in 658 exploration
    drill holes and 530 meters of channel sampling. There were a total of
    7,677- 5 meter composite samples used in the estimation of gold and
    silver. MMC used Inverse Power Distance (ID3) as the preferred
    estimation technique for the Moss Project.
--  MMC capped gold assays, prior to compositing 5 meter samples, at 17
    grams per tonne and silver at 140 grams per tonne in order to limit the
    effect of high grade outlier grades in the estimation of mineral
    resources.
--  MMC applied Industry Standards in the selection of the drill hole and
    assay information gathered from historic and current exploration
    programs in its determination of Measured Mineral Resources, Indicated
    Resources and Inferred Resources.

About Northern Vertex:

Northern Vertex Mining Corp. is a Canadian based exploration and mining company focused on the reactivation of the Moss Mine Gold-Silver Project located in NW Arizona, USA where the Company has the right to earn-in to a 70% property interest through a Joint Venture with Patriot Gold Corp. The Moss Mine Gold-Silver Project is an epithermal, brecciated, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 220 meters vertically. It is a potential heap leach, open pit project being advanced under a three-phase business plan, specifically designed to ensure that technical, economic, permitting and funding requirements are met prior to each phase proceeding. The Company's management comprises an experienced team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.

To view photos of the Moss Mine Gold-Silver Project, please click on the following link: http://www.northernvertex.com/s/PhotoGallery.asp

ON BEHALF OF THE BOARD OF DIRECTORS

J.R.H. (Dick) Whittington, 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 About Forward Looking Information

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 may, intend, plan, expect, anticipate, believe or other similar words. 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. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

Cautionary Note to U.S. Investors: This news release uses the terms "Measured", "Indicated", and "Inferred" resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. U.S. investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.

To view graphs associated with this press release, please click on the following link: http://media3.marketwire.com/docs/936868A.pdf.

2014 number 03

Contacts:
Northern Vertex Mining Corp.
Investor Relations
604-601-3656 or 1-855-633-8798
www.northernvertex.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ar...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...