VANCOUVER – Northern Vertex Mining Corp. announced it has filed on SEDAR its Moss Gold-Silver Project, NI 43-101 Technical Report, Preliminary Economic Analysis, Extended Mine Life, dated as of November 22, 2017. The PEA results were previously disclosed in the company’s news release dated October 9th, 2017. The PEA sets out the technical and economic viability of extending the Moss mine to include resources onto the Company’s adjacent un-patented mining claims. This scenario includes surface disturbance and an expansion of the mine facilities onto federal public lands administered by the Bureau of Land Management (BLM) and would therefore require the submission and approval of a Mine Plan of Operations.
Moss Gold Mine. Photo by Northern Vertex Mining.
Kenneth Berry, President and CEO, stated: “This PEA is further encouragement of the scalability of production in the initial years as well as the potential longevity of the Moss Gold Mine. Eliminating the patented boundary constraints and increasing production to a peak of 60,000 gold equivalent ounces in year four, the PEA indicates the Moss mine project has the potential to measurably improve the economics stated in the Company’s Phase II Feasibility Study published in June, 2015. Management, in consultation with its board of directors, advisors and financial partners will review the merits of implementing this accelerated schedule at the Moss Mine on an expedited basis. To further expand our existing resources, management intends to conduct an aggressive exploration and resource expansion program during the first two years of production.”
To review the complete PEA Report please visit www.northernvertex.com.