Northern Vertex Mining (NEE-V) Sept 4th 2014 has provided an update on the company's exploration activities at its earn-in Moss mine project site near Bullhead City, Ariz.
The company has commenced a geologic mapping and sampling program at the Moss project. The objective of this program is to identify and prioritize areas for future drilling where new resources may be discovered. The potential for discovering new gold deposits is considered by management to be excellent.
Dick Whittington, president and chief executive officer, stated: "It's exciting to commence the first exploration program on the Moss property outside the main Moss vein system. The combination of the Moss property -- of which only 5 per cent has been explored to date -- and the Silver Creek property, provide excellent potential for new gold discoveries."
As previously announced, there are 21 kilometres of untested strike length in at least nine different structures within the Moss claims as defined by magnetic airborne surveys, historic workings, and mapping and preliminary sampling. Additionally, the recent Silver Creek claim option has added another 1,450 hectares of prospective ground with potential to host both high-grade vein-controlled mineralization and low-grade stockwork mineralization. There are five previously identified target areas with gold mineralization ranging from background to 6.23 grams per tonne (g/t) gold on the Silver Creek claims.
Specific target areas include:
- 1,500 metres of underexplored Moss structure outside the current resource limits;
- Nearly six kilometres of unexplored extension of the Gold Road structure that hosts the Gold Road mine that produced 484,000 ounces of gold at 10.0 g/t gold;
- Numerous historic workings along known unexplored veins including the Rattan vein where the single drill hole (AR 136) intersected 1.5 m (five feet) grading 13.072 g/t Au (0.381 ounce per ton Au) and 67.0 g/t Ag (1.95 ounces per ton Ag);
- Intersection of the Gold Road and Eastern United structures (Gold Road produced 484,000 ounces at 10 g/t and United Eastern produced 769,000 ounces at 35.76 g/t gold;
- Five previously identified target areas of the Silver Creek claims.
The geologic mapping and sampling program is the first step in evaluating the resource upside of the project. The upside is considered very good given the extensive untested strike length on mineralized/altered structures totalling approximately 21 kilometres and that the three principal orebodies of United Eastern, Tom Reid and Gold Road occupied strike lengths of 130 to 1,160 metres. |
