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Northern Vertex Announces Moss Mine Optimization Plan23.02.2017 | 12:15 Uhr | CNW
"Improved Infrastructure and Enhanced Economics" VANCOUVER, Feb. 23, 2017 /CNW/ - Northern Vertex Mining Corp. (TSX.V:NEE) (OTC:NHVCF) (the "Company" or "Northern Vertex") is pleased to provide an update on its Mine Optimization Plan at the company's 100% owned Moss Mine gold-silver project ("Moss Mine"), located in the historic Oatman Mining district in North West Arizona. The Moss Mine, which is scheduled to commence commercial gold-silver production in Q4 2017, has a capital cost estimated at US$33 million, and is expected to generate an average annual production of 42,000 oz gold Eqv. with an all-in sustaining costs of US$662/oz gold and an after-tax IRR of 48% (based on US$1,250/oz gold and US$20/oz silver). Highlights of the Northern Vertex Optimization Plan:
Northern Vertex President and CEO, Kenneth Berry stated "We are very pleased to implement a detailed optimization plan that will significantly enhance the overall economics of the Moss Mine in addition to positively impacting the local community. The energy cost savings, road improvements and reduction of fossil fuels derived from the program further supports our mandate to adhere to the highest level of operational efficiency and social and environmental responsibility." Powerline to Mine Site The sale and distribution of Aggregate and Rip Rap within the Region Upgrade and maintain the Silver Creek Road Reduction of fossil fuel emissions Job creation in Local Communities and the State of Arizona Schedule Qualified Person: About Northern Vertex ON BEHALF OF THE BOARD OF NORTHERN VERTEX 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. Forward-Looking Statements: 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 US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States 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. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable. SOURCE Northern Vertex Mining Corp. Contact please visit www.northernvertex.com or contact Investor Relations at 604-601-3656 or at 1-855-633-8798 Dieser Artikel stammt von Rohstoff-Welt.de
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