For thousands of other reports visit RSC's Mineral Intellingence Map
Northern Vertex Mining Corp.
Summary
| Project: | Moss | |
|---|---|---|
| Deposit: | Moss | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 10/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2017: Northern Vertex Mining Corp. announces a PEA report for its Moss deposit at the Moss project. PEA results incl. post-tax NPV (5%) of $93M, IRR of 52.5%, LOM of 5yrs. This technical report has been prepared for Northern Vertex Mining Corporatio | |
| Resources: | (Reserve, P+P): 8.035Mt @ 0.82g/t Au, 9.28g/t Ag at project | |
| CP/QP: | [Overall Report]: David Stone (MineFill Services Inc.) | |
| ABSTRACT: | This technical report has been prepared for Northern Vertex Mining Corporation (the “Company”) that is incorporated in British Columbia, Canada (“B.C.”). The Company has its offices at Vancouver, B.C., and it is listed on the TSX-V (trading symbol: NEE) and on the OTCQX (trading symbol: NHVCF). The Company’s focus is on the reactivation of the Moss Mine Gold-Silver Project in Mohave County, northwest Arizona, USA (the “Moss Mine Project”), which is the only project or property that the Company has an interest in. The Company is the 100% owner and operator of the Moss Project. The Moss Mine Project area is located approximately 22 km by road to the east of Bullhead City, in the historically significant Oatman Mining District of Mohave County, Arizona. It comprises a total area of approximately 4,150.0 hectares, centered on Latitude 35º 6’ 00” North, Longitude 114º 26’ 52” West, which was the approximate location of a historical headframe associated with (limited) historical underground mine workings that exploited the Moss Vein. The Company’s activities have thus far mainly focused on the exploitation of the Moss Vein, West Extension and their associated stockworks that contain the gold-silver mineralization of interest. The target mineralization outlined is contained within a central area of 15 patented lode claims (102.8 hectares). The Phase II Moss mine, currently under construction, encompasses crushing, agglomeration and stacking of ore onto a conventional heap leach pad. Gold and silver recovery will be achieved by a Merrill Crowe process to produce doré bars at the project site. The Phase II mine was designed to have a 5-year mine life at a projected mining rate of 5,000 tonnes per day. The Phase II project is expected to be in production in late Q4 2017. At the time of this report, construction of the Phase II Moss Project was roughly 80% complete. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report