Hercules Project Phase II Drilling Results

VANCOUVER - Northern Vertex Mining Corp. reported recent drilling results from its Hercules project in Lyon County, Nevada. Phase II drilling conducted on the Hercules Gold Project during the second half of 2020 focused on the Cliffs and Hercules targets. Results from Phase II drilling appear to have confirmed the presence of a high-grade, near surface core of mineralization at the Hercules target. In addition, drilling at Cliffs discovered new gold mineralization further to the east than was intersected in previous drilling. Results also suggest additional discoveries may be made in the largely untested overburden-covered area between Hercules and Cliffs.

"Hercules continues to show its promise as a district-scale project with significant, near-surface grades for an open pit scenario," said, Michael G. Allen, President. "Broad zones of potentially bulk mineable mineralization were intersected in drillholes from both targets. This program indicates that zones of mineralization drilled at depth appear to correlate with mineralized surface samples in line with our evolving structural interpretation for the area."

The Hercules 2020 Phase II drill program comprised 7,320 meters (m) of reverse circulation (RC) drilling in 28 drillholes. The drilling was focused on the Hercules (4,420 meters in 19 RC drillholes) and Cliffs Targets (2,460 meters in 8 RC drillholes), with a single RC drillhole testing a geophysical anomaly between the two targets (440 meters in hole H20019).

Both targets remain open along strike, across strike, and at depth, particularly east of the Hercules target where additional high-grade surface samples remain untested by drilling. Extensional structures appear to have been the primary conduits along which gold and silver mineralization was emplaced into the volcaniclastic sequence on the Hercules property. Broad zones of disseminated gold mineralization appear to have been formed where the metal-bearing structures have intersected permeable units (e.g., block-and-ash tuff) in the volcaniclastic sequence. Mineralization has largely been oxidized with local relicts of transitional mineralization remaining.

Potential new zones: Hole H20019 was drilled between the Hercules and Cliffs targets testing a geophysical target. Two zones of low-grade mineralization were cut suggesting additional discoveries may be made in the largely untested overburden-covered area between Hercules and Cliffs.