Northern Vertex Files NI 43-101 Technical Report Regarding Previously Announced Resource Update
(firmenpresse) - VANCOVER, BRITISH COLUMBIA -- (Marketwired) -- 12/31/14 -- Northern Vertex Mining Corp. (the "Company") (TSX VENTURE: NEE)(OTCQX: NHVCF) is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 ("NI 43-101") in support of the Company's November 17th, 2014 news release, which outlined an updated Mineral Resource estimate at its Moss Gold-Silver Project in Mohave County, Arizona, USA.
The independent technical report is entitled "Technical Report on the 2014 Mineral Resource Update, Moss Mine Gold-Silver Project, Mohave County, Arizona, USA" (the "Technical Report") is dated December 30th, 2014, and has an effective date of October 31, 2014. It was prepared by MineFill Services, Inc. of Washington, USA. The Technical Report was authored by David M.R. Stone, P.Eng., David Thomas, P.Geo., Daniel Kilby, P.Eng. and Douglas Brownlee, P.Geo., all Qualified Persons as defined by NI 43-101 requirements. All of the Qualified Persons are independent of the Company. The Technical Report is available on SEDAR at and will be available on the Company's website:
The information in this release related to the Technical Report has been approved by David M.R. Stone, P.Eng., David Thomas, P.Geo., Daniel Kilby, P.Eng. and Douglas Brownlee, P.Geo., who are independent Qualified Persons as defined under National Instrument 43-101.
About Northern Vertex
Northern Vertex Mining Corp. is a Canadian based exploration and mining company focused on the reactivation of the Moss Mine Gold-Silver Project located in NW Arizona, USA where the Company has the right to earn-in to a 70% property interest through a Joint Venture with Patriot Gold Corp. The Moss Mine Gold-Silver Project is an epithermal, brecciated, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 370 meters vertically. It is a potential heap leach, open pit project being advanced to the Feasibility Study stage to ensure that technical, economic, permitting and funding requirements are met prior to proceeding with the development of the mine. 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 DIRECTORS
J.R.H. (Dick) Whittington, 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 About Forward Looking Information
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. 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. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.
Cautionary Note to U.S. Investors:
This news release uses the terms "Measured", "Indicated", and "Inferred" resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. U.S. Investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
2014 number 19
Contacts:
Northern Vertex Mining Corp.
Investor Relations
604-601-3656 or 1-855-633-8798
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Datum: 31.12.2014 - 20:36 Uhr
Sprache: Deutsch
News-ID 361930
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VANCOVER, BRITISH COLUMBIA
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Mining & Metals
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