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Northern Vertex Mining Corp. (USOTC: NHVCF) has expanded its property around the Moss Mine in NW Arizona from approximately 47 to 169 square kilometers through land acquisition and staking. The expansion highlights the district-scale exploration potential in the Oatman District, known for over two million ounces of historical gold production. The company has also acquired hyperspectral alteration mineral data to optimize exploration efforts. President Michael G. Allen emphasized the strategic importance of this acquisition for unlocking shareholder value.
Northern Vertex Mining Corp. (NHVCF) announced significant results from its drilling program at the Moss Mine in NW Arizona, targeting the Moss and Ruth veins. Notable findings include:
- 36.58 meters grading 1.46 g/t gold and 35.10 g/t silver from drillhole AR21-410C.
- 30.85 meters grading 1.65 g/t gold and 34.25 g/t silver from AR21-411C.
- 8.23 meters grading 3.22 g/t gold and 18.10 g/t silver from AR21-414C.
These results suggest robust mineralization potential at depths of 20 to 170 meters, supporting further resource expansion and exploration plans.
Northern Vertex Mining Corp. (OTC: NHVCF) announced the appointment of Raymond Threlkeld to its Board of Directors. Threlkeld brings over 30 years of experience in mineral exploration and executive management, previously holding significant roles in companies like Calibre Mining and Kirkland Lake Gold. His past successes include the sale of Newmarket Gold for $1 billion and leading the development of the Rainy River gold deposit. The Company also held its Annual General Meeting, electing new directors and thanking departed co-founders Kenneth Berry and James McDonald for their contributions.
Northern Vertex Mining Corp. announced positive results from its recent resource expansion drilling program at the Moss Mine in NW Arizona. Significant drillholes include AR21-424R, which yielded 21.34 meters grading 1.98 g/t gold and 23.75 g/t silver, and AR21-425R, showing 22.86 meters grading 1.32 g/t gold and 17.43 g/t silver. The drilling indicates that mineralization extends over 140 meters from current operations, suggesting further resource expansion potential. The company aims to explore extensively to assess the full potential of the Moss Property as Arizona's largest pure precious metals producer.
Northern Vertex Mining Corp. reported strong financial results for the quarter ending March 31, 2021. The Company achieved $16.4 million in revenue, a notable increase from $13.1 million in Q1 2020. Cash on hand stood at $13.9 million, with earnings from mine operations reaching $5.3 million. Gold production totaled 8,787 ounces, with gold equivalent production at 9,912 ounces. Additionally, the Company completed the acquisition of Eclipse Gold Mining Corp., enhancing its exploration potential in Nevada and Arizona.
Northern Vertex Mining reported significant results from its resource expansion drilling program at the Moss Mine in Arizona. Notable intersections include 9.15 meters grading 4.90 g/t Au and 57.18 g/t Ag at the Moss vein and 4.6 meters grading 4.01 g/t Au and 27.97 g/t Ag at the Ruth vein. The Ruth vein has shown consistent gold and silver mineralization over 500 meters. President Michael G. Allen emphasized plans to optimize and expand Moss Mine operations for larger-scale production.
Northern Vertex Mining Corp. (NHVCF) announced a new drill program targeting the West Oatman vein system, located 2.3 km from the Moss Mine, known for its historical gold production. The program consists of seven holes to explore mineralization that previously showed high grades, particularly drill hole AR20-259R, which reported 53.34 meters at 0.81 g/t gold. Previous drilling indicates mineralization is open along strike and depth with promising results from historical data. The West Oatman system is viewed as a potential area for significant resource expansion.
Northern Vertex Mining Corp. (NHVCF) announced significant findings from an airborne geophysical survey at its Hercules Gold Project in Nevada, identifying at least 45 new exploration targets. The survey revealed a vast alteration zone of 13 kilometers long by 6 kilometers wide, enhancing the company's geological model. Notable drill results included 30.48 meters grading 1.63 g/t gold and 18.27 g/t silver. This data supports the potential for further mineral discoveries in the region.
Northern Vertex Mining Corp. (OTC: NHVCF) reports 9,912 gold equivalent ounces produced in Q1 2021 from its Moss Gold Mine. Key highlights include 8,787 ounces of gold and 84,382 ounces of silver produced, with cash on hand at $13.8 million. The company has completed nearly 50,000 feet of drilling and is transitioning mining from the Center to East and West Pits to enhance efficiency. Although forecast production is expected to be lower in 2021 than 2020, the team is optimistic about improving resource models through ongoing drilling at the mine.
Northern Vertex Mining Corp. reports strong results for the fiscal year ending December 31, 2020. Revenue reached $52.7 million with an Adjusted EBITDA of $23.3 million. Significant achievements include gold production of 24,207 ounces and a positive working capital position of $10.9 million. For Q4, the company generated $25.9 million in revenue and a net income of $11.7 million. The operational metrics improved with cash costs at $894/oz. Management emphasized ongoing exploration and production expansion efforts.
