"The Moss Mine Gold/Silver Project Scheduled for Production in Q4, 2017"
VANCOUVER, July 17, 2017 /PRNewswire/ - Northern Vertex Mining Corp. (TSX.V:NEE) (the "Company" or "Northern Vertex") is pleased to provide the following update on construction activities at its 100% owned Moss Mine project located near Bullhead City, Arizona.
Kenneth Berry, President and CEO, stated: "The delivery of the Crushing Plant ahead of schedule furthers our goal of pouring gold in Q4, 2017. Under the guidance of Dr. David Stone (Project Manager), Joseph Bardswich, P.Eng (President, Golden Vertex), M3 Engineering, Golder and Associates and N.A. Degerstrom, we continue to achieve considerable progress at the Moss Gold/Silver Mine and significantly de-risk the project both technically and financially."
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Advancing the Moss Mine – Construction Progress
The concrete contractor mobilized to site on June 26. The work completed to date includes foundation preparation for the Merrill Crowe and Refinery buildings, pouring of concrete footings, and formwork/rebar for the columns. Great Basin Industrial (GBI) is also preparing the foundation ring for the firewater tank.
Decommissioning of the Pilot Plant ("Phase I") Heap and Ponds
N.A. Degerstrom has made significant progress in the decommissioning of the Phase I heap and ponds. The spent ore removal from the pilot heap measuring 122,000 tonnes is 75 percent complete and this treated, inert material is being stockpiled for use as liner bedding in the newly constructed leach pad and ponds. The two Phase I ponds are being dismantled in advance of re-grading for the Phase II replacement ponds.
Phase II Heap and Ponds
The heap leach earthworks are advancing in two areas: the west pad and the east pad. The west pad is essentially complete with final grading, and liner bedding placement is underway. The west pad area will be ready for lining next week. The east pad work consists of rough grading. The leach pad grading is expected to be complete in mid-September.
American Environmental Group ("AEG") is scheduled to mobilize to the Moss Project site on Monday, July 17 to commence liner installations. The first priority will be liner installation in the west event pond, followed by the leach pad liner in the west pad area. AEG is expected to be onsite until the end of September.
The Company has been advised that the primary jaw crusher skid package, the tertiary K500 cone crusher and screens, and the K400 cone crusher frame have been completed and are ready for delivery to the project site. Fabrication of several other components of the crushing plant are ahead of schedule. The last delivery of crushing plant components is due at the end of August.
Powerline & Infrastructure Optimization Program
The Moss Mine is fully permitted for commercial production utilizing on-site Tier IV CAT diesel generators. In the continuing efforts to optimize savings and minimize the environmental impacts the Company and Stakeholders are working together to supply clean utility power to the Mine Site. Mohave Electric Co-operative, (MEC) Bullhead City's hometown utility, has been particularly helpful. Engineering Consultant Amec Foster Wheeler has been commissioned to design a 24.9 KV powerline connecting from the MEC infrastructure on the Bullhead Parkway to the Moss Mine.
Subsequent to a public meeting held on July 3, 2017, the Mohave County Board of Supervisors unanimously approved the granting of a license to the Company authorizing the construction and operation of a power supply line across County Rights of Way (ROW) to the Moss Mine. The City of Bullhead City has granted a ROW on Silver Creek Road within the City Limits in co-operation with adjacent property owners.
Bureau of Land Management ("BLM") ROW permit approval is also required before construction of certain portions of the powerline can begin. The company has applied for a ROW permit based on the Amec Foster Wheeler design. The company has also applied to the BLM for a ROW permit to re-construct and widen the Moss Mine Access Road. On July 11, 2017 Company personnel and consultants attended a National Environmental Policy Act ("NEPA") meeting at the Kingman Field Office with BLM Management and Resource Personnel to discuss the applications. The BLM will assess both projects simultaneously with one EA in order to maximize efficiencies.
Construction of the powerline will enable utility power to replace the Company's diesel generators and eliminate the emissions from burning an estimated 200,000 gallons of diesel fuel per month. The road re-construction project will enhance safety factors for all users of the road including Company personnel and the public.
The foregoing technical information contained in this news release has also been reviewed and verified by Mr. Joseph Bardswich, P.Eng.,President, Golden Vertex Corp., and a Qualified Person ("QP") for the purpose of National Instrument 43-101 (Disclosure Standards for Mineral Projects). Mr. Bardswich is a director of the Company.
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. 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.
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.
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 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.
SOURCE Northern Vertex Mining Corp.