"Moss Mine produces 1,004 oz gold during
nine day period"
VANCOUVER, March 8, 2019 /CNW/ - Northern Vertex Mining
Corp. (TSX.V: NEE) (OTC Nasdaq Intl.:
NHVCF) (the "Company" or "Northern Vertex")
is pleased to announce a record shipment of an estimated 1,004
ounces of gold was sent from the Moss Mine, located in Northwest Arizona, to a third party
refiner. These ounces were produced over a nine day period
during late February, which represents a significant increase over
the previous record shipment of 695 ounces recorded in August 2018.
Ken Berry, President and Chief
Executive Officer of Northern Vertex Mining, stated, "Optimization
efforts are beginning to yield measurable improvements in all areas
of operations at the Moss Mine. Our team will continue to work
diligently to improve efficiencies of our mining operations.
Production in the current quarter is expected to improve, and
Management will provide regular updates as we achieve future
milestones."
Recent Highlights
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8 Months Ended
September, 2018
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5 Months
Ended February,
2019
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Operating
Data
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Contained gold ounces
mined
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oz.
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23,723
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19,639
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Tonnes
stacked
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t
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885,400
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864,582 (1)
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Contained gold ounces
stacked
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oz.
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23,396
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19,431 (1)
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Gold ounces
produced
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oz.
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8,583
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9,140 (1)
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1
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Includes production
delays resulting from a three week crusher shutdown and commencing
stacking on the west side of the leach pad.
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Qualified Person
The foregoing technical information contained in this news
release has also been reviewed and verified by Mr. Joseph Bardswich, P.Eng., a director of the
Company and a Qualified Person ("QP") for the purpose of National
Instrument 43-101 (Disclosure Standards for Mineral Projects).
About Northern Vertex Mining Corp.
Northern Vertex Mining Corp., the newest gold producer in the
US, is focused on low cost gold and silver production at its 100%
owned Moss Mine in NW Arizona. The
Company has experience across all areas of operations, mine
development, exploration, acquisitions and financing of mining
projects. With operations at the flagship Moss Mine achieving
commercial production the Company intends to consolidate additional
producing or near-term production gold assets within the Western
US. Through mergers and acquisitions Northern Vertex's corporate
goal is to become a mid-tier gold producer with over 200,000 ounces
of gold production annually.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"Kenneth Berry"
President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements:
This news release contains statements about our future
business and planned activities. These are "forward-looking"
because we have used what we know and expect today to make a
statement about the future. Forward-looking statements including
but are not limited to comments regarding the timing and content of
upcoming work and analyses. Forward-looking statements usually
include words such as scheduled, may, intend, plan, expect,
anticipate, believe or other similar words. Forward-looking
statements are necessarily based upon a number of factors and
assumptions that, while considered reasonable by the Company as of
the date of such statements, are inherently subject to significant
business, economic and competitive uncertainties and
contingencies. Many factors, known and unknown, could cause
actual results to be materially different from those expressed or
implied by such forward-looking statements. We believe the
expectations reflected in these forward-looking statements are
reasonable. However, actual events and results could be
substantially different because of the risks and uncertainties
associated with our business or events that happen after the date
of this news release. Readers are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date made. As a general policy, we do not update forward-looking
statements except as required by securities laws and
regulations. US investors should be aware that mining
terminology used for Canadian mineral project reporting purposes
differs significantly from US terminology.
View original
content:http://www.prnewswire.com/news-releases/northern-vertex-records-largest-gold-shipment-to-date-300809086.html
SOURCE Northern Vertex Mining Corp.