Northern Vertex Declares Commercial Production
at Moss Gold Mine
Northern Vertex Mining Corp. (TSX.V: NEE) (OTC: NHVCF) has reached commercial production at the Moss Gold Mine in NW Arizona effective September 1, 2018.
Ken Berry, President and Chief Executive Officer of Northern Vertex announces, “Commercial production is a significant milestone for our team of approximately 100 men and women operating the Moss Gold Mine. In less than two years we were successful in obtaining financing, completing construction and achieving commercial rates of production.”
Production Guidance: As a result of the exceptional performance of the crushing plant, our operational team and our mining contractor N.A. Degerstrom, production is expected to be significantly higher than previously stated in the Feasibility Study: Guidance for gold and silver production at the Moss Mine for the fiscal years 2019 and 2020 as follows:
Fiscal Year 2019: 32,000-36,000 oz. gold and 224,000-248,000 oz. silver. Gold Equivalent Ounces: 36,000-40,000.
In Fiscal Year 2020, Northern Vertex forecasts production of 52,000-57,000 oz. gold and 451,000-487,000 oz. silver. Gold Equivalent Ounces: 59,000-65,000.
The Company’s fiscal year end is June 30th. Fiscal 2019 includes ten months of production after commercial production.
Gold equivalent ounces were calculated using a 60:1 silver to gold conversion ratio.
Bill Martinich, General Manager, stated: “We’ve built a great operations team over the past 12 months and being able to push through commissioning to achieve commercial production is proof-positive of it. Continued performance of the team at this level will enable us to exceed the gold production forecast in the Feasibility Study over the next two years. “
About Northern Vertex Mining Corp.
Northern Vertex Mining Corp., the newest gold producer in the US, is focused on low cost gold and silver production at its 100% owned Moss Mine in NW Arizona. The Company’s has experience across all areas of operations, mine development, exploration, acquisitions and financing of mining projects. With operations at the flagship Moss Mine achieving commercial production the Company intends to consolidate additional producing or near-term production gold assets within the Western US. Through mergers and acquisitions Northern Vertex’s corporate goal is to become a mid-tier gold producer with over 200,000 ounces of gold production annually.
For further information on Northern Vertex Mining Corp., contact Investor Relations at: 604-601-3656 or at 1-855-633-8798 or visit the website at www.northernvertex.com.
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