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Elevation Gold Mining Corp. (OTCQX: NHVCF) announces significant results from its drilling program at the Moss Mine in NW Arizona. The ongoing program targets the Moss and Ruth veins, revealing remarkable intersections of gold and silver mineralization. Notably, drillhole AR21-515R showed 144.78 meters of 0.36 g/t gold and 3.22 g/t silver, while AR21-498R indicated 76.20 meters of 0.73 g/t gold and 6.50 g/t silver. These findings suggest strong continuity in mineralization and underscore the potential for connecting existing pits. Additional assay results are pending.
Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQX: NHVCF) announced the filing of an updated Technical Report for its Moss Mine in Arizona. The report includes new Mineral Reserve and Resource estimates and was prepared in compliance with Canadian regulations. The report, effective July 1, 2021, was completed by Independent Mining Consultants and others, detailing the company's exploration strategy and production plans. This development is part of Elevation Gold's efforts to enhance production and resource capability at the Moss Mine while exploring the Hercules Project in Nevada.
Elevation Gold Mining Corporation (OTCQX: NHVCF) has commenced trading on the OTCQX Best Market, enhancing its visibility to U.S. investors. The company also trades on the TSX Venture Exchange under the symbol ELVT. President Michael Allen notes this milestone will improve liquidity for the company's shares. Elevation Gold focuses on cash flow and production, operating projects in the Walker Lane Gold Trend in Nevada and Arizona, with plans to expand production at the Moss Mine while exploring the Hercules Project.
Northern Vertex Mining Corp. (USOTC: NHVCF) announced significant changes effective September 24, 2021. The company will consolidate its shares on a six-for-one basis and change its name to Elevation Gold Mining Corporation. Following this consolidation, approximately 60,863,620 shares will be outstanding, and the trading symbol will change to ELVT. New CUSIP numbers for the shares and warrants have been assigned. Registered shareholders will receive instructions for exchanging their old shares for new ones.
Northern Vertex Mining Corp. (OTC: NHVCF) has announced a share consolidation, reducing its outstanding shares from approximately 364.9 million to 60.8 million at a ratio of 1:6. Concurrently, the company will change its name to Elevation Gold Mining Corporation. This consolidation aims to enhance business flexibility and facilitate financing opportunities. Moreover, approximately 19.5 million shares related to the merger with Eclipse Gold Mining will be cancelled. The changes are pending approval from the TSXV and will allow trading on the OTCQX platform for U.S. investors.
Northern Vertex Mining Corp. (NHVCF) has reported promising results from its ongoing drilling program at the Moss Mine in Arizona. Key drill holes unveiled significant gold and silver grades, including 64.01 meters grading 1.65 g/t gold and 15.39 g/t silver. The drilling is revealing extensive mineralization below current operations, indicating potential resource growth. President Michael G. Allen expressed excitement over the 168 square kilometer land package surrounding Moss, emphasizing the generation of a substantial future resource update.
Northern Vertex Mining Corp. (NHVCF) announced promising developments at its Hercules Gold Project in Nevada. The company identified four new gold target areas—Ursa, Como Ridge, Hades, and Jurassic Park—using advanced exploration techniques. Notably, a surface sample returned 72.40 g/t gold and 2,690 g/t silver, marking the highest-grade sample to date. Notice of Intent permits for drilling have been granted, with exploration drilling planned for Q4 2021. The project’s exploration potential continues to grow as more data confirms connections between target areas.
Northern Vertex Mining Corp. announced its financial results for the quarter ending June 30, 2021. The company reported revenue of $16.6 million and a cash balance of $6.9 million. Key highlights included earnings from mine operations at $5 million, gold equivalent production of 7,823 ounces, and gold sales of 8,045 ounces. The completion of the 3A Heap Leach construction project is noted as significant, enhancing production capabilities. The company focuses on cost reductions and improvements in operational efficiency.
Northern Vertex Mining Corp. reported promising results from its resource expansion drilling program at the Moss Mine in Arizona, targeting the Moss and Ruth veins. Key findings include intervals of significant gold and silver mineralization, with highlights such as 38.10 meters grading 1.43 g/t gold and 19.22 g/t silver. These results support the potential for a long-life precious metals mine and suggest further discoveries may arise from additional drilling, particularly in undrilled areas. Overall, the drilling results bolster confidence in the continuity and geology of the mineralization at the Moss Mine.
Northern Vertex Mining Corp. (USOTC: NHVCF) announced its decision to settle C$166,371 in interest on C$6.71 million convertible debentures by issuing 519,910 common shares to debenture holders. The conversion equates to approximately 7.75 shares per $100 of principal on the interest payment date of June 30, 2021. Additionally, the company granted stock options for 7 million shares at C$0.32 each. Northern Vertex also engaged Proconsul Capital Ltd. for investor outreach at a monthly fee of $2,500, pending TSX Venture Exchange approval.
