Phase II Drill Program to Follow Successful Phase I Program At Moss Mine Gold Project


VANCOUVER - Northern Vertex Mining Corp. reported plans to proceed with an accelerated $2.5 million, 13,700 meter Phase II infill drilling and resource expansion program on its 100% owned Moss Mine project in NW Arizona. The Phase II program will immediately proceed upon the conclusion the Company's current Phase I, 18,000-meter drilling and resource expansion program.

2020/21 Phase II Drilling Program: The Phase II infill and near mine drilling program is scheduled to commence in November 2020 and extend through February 2021. The combined multi-phase drill programs represent 32,000 meters of drilling, which is the largest drilling and resource expansion campaigns conducted by Northern Vertex to date on the Moss Mine gold and silver project. The Phase II program will employ three drilling rigs and will begin with an initial 13,700 meters of drilling across multiple targets. Drilling will focus on expanding on the positive results returned from the Phase I program, which began to further delineate the extent of the Ruth Vein structure and extensive stockwork gold and silver mineralization both on strike and at depth at the Moss Mine.

Ken Berry, President & CEO, said, "I am excited for shareholders during this period of organic growth and development as we continue to streamline our mining operations and focus on the aggressive expansion of Moss's gold and silver resources. Our upcoming Phase II infill drill program will play a decisive role in determining the inherent size and potential of our existing gold and silver resource and how that will translate into Moss's future long-term mine life and operations."

The four priority targets for the Phase II drill program include: Ruth Vein – Drilling will target the East/West strike length of the Ruth, located just 150m off the southern edge of the Moss Open Pit, the Ruth Vein has been mapped for over 2kms on surface; Intersection of Ruth Vein and Moss Vein – The South dipping Moss Vein and the North dipping Ruth Vein, intersect at approx. 200m below surface, drilling will target this prime geological zone along its East/West strike; Gold Bridge Zone – Infill drilling to upgrade the resource between the West and Central pit; and Gold Tower Zone – Drilling to expand the West pit stepping out toward the Mordor target.

Immediate Exploration Upside at the Moss Mine (Long-section).

In addition to the multi-phased exploration program, the Company continues to successfully implement a number of new initiatives to further optimize operations and reduce costs at the Moss Mine. Initiatives completed or underway intended to reduce costs: Transition to McCoy and Sons as our dedicated mining and blasting contractor. Terms of this agreement are expected to result in a significant reduction of mining costs; A twelve-month study testing an opportunity to lower ASIC with a transition from 1/4" to 3/8" crush size is nearing completion. Final sampling was completed on the 40,000-ton test panel that has been under leach since July 1. Definitive data review is being finalized and will be presented and reviewed by our Technical Committee prior to making a production level decision.