Northern Vertex Drills Further Widespread Mineralized Intercepts Along The Ruth Vein, Parallel to Moss Mine Open Pit
Highlights:
- 15.25 meters @ 3.35 g/t gold and 23.09 g/t silver within 33.55 meters @ 1.83 g/t gold and 13.49 g/t silver in hole AR20-350R
- 1.5 meters @ 8.74 g/t gold and 80.10 g/t silver in hole AR20-322R, which is 183 meters east of AR20-350R
- 3.0 meters @ 3.82 g/t gold and 56.0 g/t silver in hole AR20-321R, which is 457 meters east of AR20-350R
- Results are from the Ruth vein, 160 meters south of, and parallel to, Moss Mine open pit
December 10, 2020, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF) (the “Company” or “Northern Vertex”) is pleased to announce recent drill results from its multi-phase drilling and resource expansion program (the “Program”) at the Moss Mine in NW Arizona. The most notable results are set out above and are taken from 37 new reverse circulation (RC) drill holes from the Ruth vein area, which hosts multiple high-grade zones within larger zones of typical Moss Mine bulk-tonnage grade mineralization along the Ruth vein. Three rigs (1 core and two RC) are currently operating within the Company’s Phase II of a multi-phase drill program and the program will transition to target the intersection between the Ruth vein and the Moss vein in the coming months.
Ken Berry, President & CEO stated: “We are pleased to report another round of drilling results, including new high-grade intercepts along with thick low-grade zones, from our resource expansion drill program at the Moss Mine. Drilling at the Ruth Vein, which runs parallel to our Moss Open Pit, continues to encounter encouraging drill intercepts. The Ruth is located just 160 meters off the southern edge of our open pit mine and dips north toward the Moss Vein, which dips to the south, with the two veins intersecting at a contact zone approximately 225 meters below surface. This Ruth/Moss Contact Zone is a prime geological drill target for our ongoing resource expansion program at the Moss Mine.”
Ruth Vein Highlights
Definition drilling along the Ruth vein shows a strike length of greater than 500 meters with multiple high-grade zones intersected. Click the link to view a plan map showing drill-hole locations at the Ruth Vein (figure 1 - https://northernvertex.com/site/assets/files/2263/2020-12-09-moss_plan_ls_figure1.png).
The latest intercept comes from hole AR20-350R, which was drilled within 15 meters of the active Center pit crest and returned 15.25 meters @ 3.35 gpt gold and 23.09 gpt silver, within 33.55 meters @ 1.83 gpt gold and 13.49 gpt silver (true thickness approximately 21.3 meters). Also, drill holes AR20-322R (183 meters east of AR20-350R) and AR20-321R (457 meters east of AR20-350R) intercepted zones of high-grade gold and silver including:
- AR20-322R: 1.5 meters @ 8.74 gpt gold and 80.10 gpt silver within 29.0 meters @ 0.75 gpt gold and 7.15 gpt silver (true thickness approximately 18.3 meters)
- AR20-321R: 3.0 meters @ 3.82 gpt gold and 56.0 gpt silver within 10.68 meters @ 1.369 gpt gold and 20.81 gpt silver (true thickness approximately 7.6 meters)
AR20-350R specifically targeted the Ruth vein, while hole AR20-355R, drilled from the same platform, targeted the intersection between the Ruth and Moss veins. Click the link to view a cross section of hole AR20-350R (figure 2 - https://northernvertex.com/site/assets/files/2262/ar20-350_xsect_wswv_figure-2.jpg). Samples from hole AR20-355R are in preparation at Skyline Laboratories and assay results are pending. During this drill program, high-grade (>3.0 gpt gold) zones have been intersected in 14 different drills holes along the 500 meters of defined Ruth vein strike length, confirming that the Ruth vein hosts multiple high-grade zones.
The drilling program continues with two reverse circulation drill rigs and one core drill rig in-filling along the Ruth vein. In the coming months, mining will transition from the Center pit to the West and East pits.
Ruth Vein Detailed Drill Results
Hole ID
Azimuth
Dip
From (m)
To (m)
From (ft)
To (ft)
Length (m)
Length (ft)
Au (g/t)
Ag (g/t)
AR20-308R
180
-85
0.00
3.05
0
10
3.05
10
0.435
2.6
and
131.15
135.73
430
445
4.57
15
0.654
5.8
and
157.08
160.13
515
525
3.05
10
0.645
13.6
and
172.33
201.30
565
660
28.98
95
0.396
8.363
and
218.08
222.65
715
730
4.58
15
0.419
25.6
and
276.03
279.08
905
915
3.05
10
0.636
5.1
AR20-309R
195
-88
86.93
93.03
285
305
6.10
20
1.131
11.375
and
106.75
112.85
350
370
6.10
20
0.232
3.15
and
126.58
131.15
415
430
4.58
15
0.417
2.8
and
138.78
143.35
455
470
4.57
15
0.275
1.9
and
157.08
164.70
515
540
7.63
25
0.266
1.62
and
172.33
175.38
565
575
3.05
10
0.361
0.6
AR20-319R
No significant results
AR20-320R
No significant results
AR20-321R
180
-85
125.05
129.63
410
425
4.58
15
0.249
0.767
and
201.30
211.98
660
695
10.68
35
1.369
20.814
including
205.9
208.9
675
685
3.0
10
3.82
56.00
and
222.7
227.2
730
745
4.6
15
1.08
22.67
AR20-322R
180
-88
54.9
83.9
180
275
29.0
95
0.75
7.15
including
68.6
70.2
225
230
1.5
5
8.74
80.10
AR20-323R
No significant results
AR20-324R
No significant results
AR20-325R
No significant results
AR20-326R
No significant results
AR20-327R
180
-85
143.4
146.4
470
480
3.1
10
0.44
0.95
AR20-328R
180
-65
0.0
3.1
0
10
3.1
10
0.52
4.75
and
35.1
41.2
115
135
6.1
20
0.52
0.18
and
47.3
51.9
155
170
4.6
15
0.29
0.70
AR20-329R
180
-85
0.00
12.20
0
40
12.20
40
0.27
3.18
and
54.90
56.43
180
185
1.53
5
1.40
5.80
AR20-330R
No significant results
AR20-331R
150
-45
16.78
25.93
55
85
9.15
30
0.23
2.13
and
38.13
44.23
125
145
6.10
20
0.52
12.78
AR20-332R
230
-65
10.68
15.25
35
50
4.58
15
0.81
7.43
AR20-333R
180
-85
0.0
4.6
0
15
4.6
15
1.01
10.60
and
18.30
30.50
60
100
12.20
40
0.31
9.04
and
39.65
57.95
130
190
18.30
60
0.60
2.56
including
39.65
48.80
130
160
9.15
30
0.94
2.08
and
71.68
79.30
235
260
7.63
25
0.26
1.94
and
97.60
102.18
320
335
4.58
15
0.39
5.93
and
117.43
122.00
385
400
4.58
15
0.26
3.47
AR20-334R
140
-70
10.68
25.93
35
85
15.25
50
0.72
7.04
including
15.25
16.78
50
55
1.53
5
3.30
28.60
and
70.15
82.35
230
270
12.20
40
0.35
5.75
and
93.03
105.23
305
345
12.20
40
0.55
3.59
AR20-335R
No significant results
AR20-336R
No significant results
AR20-337R
180
-85
123.53
131.15
405
430
7.63
25
1.16
2.66
AR20-338R
165
-45
67.10
70.15
220
230
3.05
10
0.57
2.25
AR20-339R
No significant results
AR20-340R
120
-80
117.43
129.63
385
425
12.20
40
0.78
5.51
AR20-341R
180
-45
0.00
10.68
0
35
10.68
35
0.29
2.97
AR20-342R
No significant results
AR20-343R
No significant results
AR20-344R
No significant results
AR20-345R
250
-70
42.70
45.75
140
150
3.05
10
0.42
0.65
AR20-346R
No significant results
AR20-347R
180
-88
51.85
74.73
170
245
22.88
75
0.24
3.39
including
56.43
57.95
185
190
1.53
5
1.00
5.10
AR20-348R
0
-45
6.10
24.40
20
80
18.30
60
0.41
2.26
35.08
42.70
115
140
7.63
25
0.40
2.60
59.48
65.58
195
215
6.10
20
0.26
8.25
184.53
201.30
605
660
16.78
55
0.24
0.86
and
218.08
231.80
715
760
13.73
45
0.44
4.66
including
219.60
222.65
720
730
3.05
10
1.08
15.55
AR20-349R
No significant results
AR20-350R
205
-85
102.18
108.28
335
355
6.10
20
0.27
2.48
and
125.05
158.60
410
520
33.55
110
1.83
13.49
including
128.10
143.35
420
470
15.25
50
3.35
23.09
AR20-351R
205
-70
0.00
3.05
0
10
3.05
10
0.42
2.25
and
106.75
123.53
350
405
16.78
55
0.23
1.21
AR20-353R
230
-45
0.00
4.58
0
15
4.58
15
0.32
1.67
and
13.73
16.78
45
55
3.05
10
0.35
1.45
and
89.98
93.03
295
305
3.05
10
0.29
0.60
and
106.75
112.85
350
370
6.10
20
0.32
0.93
and
143.35
146.40
470
480
3.05
10
0.37
9.80
AR20-354R
10
-80
193.68
219.60
635
720
25.93
85
0.37
4.26
* Note: estimated true widths range from 65 to 90% depending on dip of the vein and inclination of the drill-hole
QA/QC
Samples of drill cuttings were collected by the drilling crew using a wet rotary splitter to ensure a representative sample of each five-foot interval. Field notes were recorded for each sample documenting what was sampled and how the sample was taken. Samples were collected in bags with a sample tag inserted and delivered to a secure on-site location prior to pick-up by Skyline Labs, a commercial laboratory in Tucson, Arizona. Skyline Labs is an ISO 9001:2008 qualified assay lab that uses and makes available internal assaying controls. Quality control consisted of one certified gold standard, one blank, and one duplicate sample inserted into every twenty samples submitted to Skyline Laboratories.
At the lab, rock samples are dried, crushed and pulverized to 85% passing through a 200-mesh sieve. The pulps are assayed for gold using a 30 g split, Fire Assay (FA) and Atomic Absorption (AA) finish. Over limit assays for both gold and silver (10 gpt for gold and 100 gpt for silver) were rerun using a gravimetric procedure. Rejects and pulps are stored at Golden Vertex’s warehouse in Bullhead City for future reference.
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).
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.
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.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
“Kenneth Berry”
President & CEO
For further information, please visit www.northernvertex.com or contact Investor Relations at: 604-601-3656 or at 1-855-633-8798
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.
2020 number 24