OVERVIEW
Northern Vertex Mining Corp. (TSXV:NEE,OTCQX:NHVCF) is a Canadian based resource company focused on the acquisition and development of precious metals properties in the United States and Canada. The Company?s key properties include the Moss Gold-Silver project in Arizona and the Lemhi Gold-Silver Project in Idaho. An NI 43-101 resource estimate on the Moss project shows Measured and Indicated Resources of 956, 800 gold equivalent ounces with an additional 199,100 ounces in the Inferred category.
Northern Vertex is managed by an experienced team with a strong background in all aspects of acquisition, exploration, development and financing of precious metal mining projects.
INVESTMENT HIGHLIGHTS
- Management has proven track record in mine development, operations and financing
- Operations in mining-friendly states with excellent infrastructure
- Key project advancing toward production
- NI 43-101 resource estimate on Moss shows Measured and Indicated resources of 956, 800 gold equivalent ounces with an additional 199,100 ounces in the Inferred category
KEY PROJECTS
Moss Gold-Silver Project ? Mohave County, Arizona, United States
The Moss Gold-Silver Project is located in Arizona?s historic Oatman Mining District in Mohave County. The District has previously produced over 2 million ounces of gold principally from high-grade underground operations.
In September 2012, Northern Vertex announced the completion of an updated National Instrument 43-101-compliant Resource Estimate on Moss showing Measured and Indicated resources of 956, 800 gold equivalent ounces with an additional 199,100 ounces in the Inferred category all at a cut-off of 0.3 gpt Au. Gold equivalency is based on a silver:gold ratio of 50:1 and assumes 100% recovery of all metals. The Measured and Indicated gold-equivalent resource at Moss comprises 30,879,000 tonnes having an average gold grade of 0.79 grams per tonne, and an average silver grade of 8.90 grams per tonne. The additional Inferred gold-equivalent resource comprises 7,096,000 tonnes having an average gold grade of 0.71 grams per tonne and an average silver grade of 8.13 grams per tonne.
| Summarized Updated Resource Estimate | |||||||
|---|---|---|---|---|---|---|---|
| Grade | |||||||
| Resource Category | AuEq* (oz) | Au (oz) | Ag (oz) | Tonnes | AuEq (gpt) | Au (gpt) | Ag (gpt) |
| Measured (M) | 427,820 | 348,000 | 3,991,000 | 12,465,000 | 1.07 | 0.87 | 9.96 |
| Indicated (I) | 528,980 | 432,000 | 4,849,000 | 18,414,000 | 0.89 | 0.73 | 8.19 |
| M+I | 956,800 | 780,000 | 8,840,000 | 30,879,000 | 0.96 | 0.79 | 8.9 |
| Inferred | 199,100 | 162,000 | 1,855,000 | 7,096,000 | 0.87 | 0.71 | 8.13 |
Northern Vertex has focused work efforts on further expanding the gold-silver resource to the west and east of the main deposit. The Company plans to begin a resource definition drill program to assist its technical team in the preliminary design and modeling of a potential starter pit on the property. The program will focus on two central hills within the property where mineralization is exposed at surface. The drill program is also specifically targeted to convert a substantial portion of the NI 43-101 resources from the Inferred category into the Measured and Indicated categories.
Previous underground sampling of a cross-cut in hill #2 yielded a width of 24 meters averaging 4.9 gpt gold equivalent including 9.14 meters of 10.83 gpt gold equivalent grade (see August 16, 2012 news release). The current drill hole spacing on hill #1 is sufficiently close that cross sections and pit bench plans can be constructed. Through the upcoming drill program, the proposed drill hole spacing on hill #2 is expected to allow for similar cross sections and pit bench plans.
Northern Vertex expects to commence a new drill program in early October 2012. The drill program is intended to provide sufficient data for mine design and mine planning purposes as required for the submission of an application to the Arizona Dept. of Environmental Quality for an Aquifer Protection Permit.
Lemhi Gold-Silver Project ? Salmon, Idaho, United States
The Lemhi Gold-Silver Project is located 25 miles north of Salmon, Idaho. The Lemhi Property was recently assembled from four underlying property holders?including Yamana Gold?s interest in the Humbug Gold Deposit? to form a newly consolidated advanced exploration opportunity. The project is a joint venture between Northern Vertex (51 percent) and Idaho State Gold Company, LLC (49 percent). Northern Vertex is the operator of the project and has the right to increase its interest to 75.5 percent (See September 21, 2011 news release).
The property contains a shear-hosted intrusive (porphyry)-related gold deposit within cataclasized quartzite and phyllite of the Mesoproterozoic Lemhi Group. Gold and minor silver, copper, and molybdenum mineralization occurs in a series of discontinuous shallowly dipping lenses spatially related to a sub-horizontal quartz porphyry intrusion.
Northern Vertex initiated a 10,000 meter (30,000 ft) drill and resource confirmation program in the spring of 2012. Assay results from the first 33 drill holes of Lemhi Gold Project indicate gold mineralization is far more widespread than originally thought. The goal of the program is to expand the extensive historical gold resource contained on the property and bring it up to NI 43-101 reporting standards.
Copley Gold Project ? Nechako Plateau, British Columbia, Canada
The Copley Gold Project is located in the emerging Nechako Plateau mining district of central British Columbia, Canada. The project encompasses a 2,926 hectare property, which contains a large gold-bearing epithermal system measuring 7 km long and 2 km wide, and lies on trend to the recent Blackwater-Davidson bulk-tonnage discovery 40 km to the south. Copley?s distinct geological similarities and the presence of magnetic lows all point to the discovery of a potential Blackwater-style bulk-tonnage discovery in B.C.?s Nechako Plateau.
A recent 1,200 meter, 12 hole drilling program conducted on the Copley property successfully identified several large gold bearing structures encountering significant gold intersections over a large area. Results indicate the mineralized zoning is near surface and confirmed that gold occurs in silicified volcanic rocks containing disseminated- or vein-pyrite and anomalous concentrations of zinc and mercury, which are the same associations observed at Richfield?s Blackwater project.
SUMMARY
Northern Vertex is focused on the acquisition and development of precious metals properties in Canada and the United States. The Company is led by a strong management team experienced in all aspects of acquisition, exploration, development and financing of precious metal mining projects.
Northern Vertex?s key properties include the Moss Gold-Silver project in Arizona and the Lemhi Gold-Silver Project in Idaho. An NI 43-101 resource estimate on Moss shows Measured and Indicated Resources of 956, 800 gold equivalent ounces with an additional 199,100 ounces in the Inferred category. The Company is aggressivley advancing the Moss Gold-Silver Project toward near-term production and is applying the same strategy to the promising Lemhi project.
MANAGEMENT
Kenneth Berry, B.Comm ? CEO, Director
Mr. Berry has over twenty years experience in financing and corporate communications for public companies. He has served as an investment advisor and founder of various public companies including Northern Vertex, Theia Resources, Kootenay Gold and Highpoint Telecommunications. His involvement resulted in more than $275 million in financings for public companies.
Mr. Berry currently holds the position of CEO/Director of Northern Vertex, Director of Theia Resources and Chairman/Director of Kootenay Gold. He also participated in the 1980 and 1988 Winter Olympics, and played professional hockey in North America and Europe.
Ed J. Duda, BBA, CMA ? Chief Finanical Officer and Corporate Secretary
Mr. Duda is a Certified Management Accountant who brings Northern Vertex over 22 years of senior industry experience within private and public companies in all aspects of corporate finance, administration, strategic planning, operations, business development, risk management and technology implementation. He is a former Senior Vice-President and Chief Financial Officer of Vancouver-based Union Securities Ltd. During his tenure with the full-service broker dealer, he served as a senior member of the Executive Committee and was responsible for overseeing finance, regulatory reporting & risk management for 14 offices and over 300 employees, located nationwide and in the UK. Prior to his role at Union, he was Vice-President, Chief Financial Officer & Privacy Officer of GroupHealth Global Partners Inc.; Chief Operating Officer of Haywood Securities Inc. and Vice-President, Administration & Credit of Blackmont Capital Inc. (formerly First Associates Investments Inc. and Yorkton Securities Inc.)
Mr. Duda obtained his CMA designation in 1988 and Bachelor of Business Administration Degree (Accounting & Finance) from Simon Fraser University in 1983.
Tiziano Romagnoli, CMA ? Financial Advisor
Mr. Romagnoli has an extensive career in the banking and brokerage industries. He has worked for a number of renowned firms such as Banco di Roma, Overland Trust Bank, AG Becker Paribas, Paine Webber, Tucker Anthony, SOGENAL and Nesbitt Burns. He has served as a senior member of the Investment Banking arm of a Geneva based group which provides its clients with a fully integrated, personalized investment banking service. Mr. Romagnoli has been instrumental in the setting up of two foreign mutual funds not registered for public offering with the Swiss Banking Commission: Mohawk Capital International Limited and Ecosol Natural Resources Fund Limited.
Dr. Bob Thompson, PhD P.Eng ? Chief Geologist
Dr. Thompson has more than 35 years experience as a field geologist. In the course of managing major multi-parameter geological programs for the Geological Survey of Canada, he has mapped extensively in the Yukon, northeastern British Columbia, the Queen Charlotte Islands, south central British Columbia and the Kootenays. From each project came innovative ideas that underscored geological understanding, new models, and resource potential.
Mr. Thompson has served as a consultant to the mining industry for the past five years. He is a Queen?s grad, having obtained a BSc (hons) in 1968 and a PhD in 1972. The Canadian Society of Petroleum Geologists awarded him the R.J.W. Douglas medal in 1998.
Source: http://goldinvestingnews.com/29136/northern-vertex-mining-gold.html
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