VANCOUVER, Feb. 6, 2018 /CNW/ - Northern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce that it has commenced stacking ore on the newly completed leach pad at the Moss mine. Approximately 7,800 tons of ore have been stacked to date, and production is ramping up towards an initial stacking rate of 2,500 tpd. All of the crushing plant components have been tested and commissioned and the crushing plant is operating on day shift.
Kenneth Berry, President and CEO, stated: "We are delighted for shareholders to see the tons of ore on the pad. The cohesive team work of our operations staff and their performance is encouraging. Commissioning continues at the Moss Mine as we prudently ramp-up our stacking rate initially to 2,500 tpd and then to 5,000 tpd. As piping on the heap leach pad has commenced and the refinery furnace is to be commissioned next week, we look forward to reporting our first gold pour."
OPERATIONAL HIGHLIGHTS INCLUDE:
- Successful start-up and commissioning being executed
- High of 600 tph through crusher versus nameplate capacity of 336 tph, 7800 tons total week-to-date.
Merrill Crowe Processing Plant
- Commissioning continues and piping on pad has commenced
- Processing through plant to commence in 10 days
- On site assay laboratory now operational and refinery furnace to be commissioned next week
- Site powerstation now online
- Overhead power being supplied to Crushing Plant and Merrill Crowe Processing Plant
- Pioneering top of Hill #1 continues and moving to the east side of Hill #2
- Work continues to expand level ground at ROM pad for stockpiling requirements
- Mining Contractor NA Degerstrom continues to optimize 12-monthproduction schedule
The foregoing technical information contained in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards for Disclosure for Minerals Projects) and reviewed on behalf the Company by James McDonald, P.Geo & Director for Northern Vertex, a Qualified Person.
About Northern Vertex
Northern Vertex Mining Corp. is an exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. To the best of management's knowledge, Northern Vertex is the next publicly traded company to initiate gold and silver production, scheduled for Q1 2018, in the USA. The Company's management comprises an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.
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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.
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. To the best of management's knowledge, Northern Vertex is the next publicly traded company to initiate gold and silver production scheduled for Q1 2018 in the USA. 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.
SOURCE Northern Vertex Mining Corp.
For further information: please visit www.northernvertex.com or contact Investor Relations at: 604-601-3656 or at 1-855-633-8798.