Northern Vertex Announces Two Key Contracts for the Construction of the Moss Mine Project
M3 Engineering Appointed Engineering Procurement and Construction Manager
Dr. David Stone PE, Appointed Northern Vertex's Construction Project Manager
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 25, 2016) - Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the "Company") is pleased to announce the appointment of M3 Engineering & Technology Corp. ("M3") of Tucson, Arizona, as the Engineering, Procurement and Construction Management ("EPCM") provider for the Company's Moss Mine Project near Bullhead City, Western Arizona. M3 will be responsible for the detailed design, procurement of the necessary equipment and supplies and managing the construction of all processing and auxiliary surface facilities required to support the planned 5,000 tonnes per day, open pit, heap leach, gold and silver mine as outlined in the Company's Feasibility Study released last year (see news release dated June 8th, 2015).
In addition, Dr. David Stone has been appointed Northern Vertex's construction Project Manager. Dr. Stone will be responsible for overseeing the design, procurement and construction activities of M3 and other site based contractors engaged by M3 as the mine gets built. Dr. Stone has authored numerous prefeasibility and feasibility studies and was most recently one of the co-authors of the Feasibility Study referred to above. He has extensive experience in the design and construction of heap leach mines dating back to the 1980's including Beal Mountain in Montana, Basin Creek in Montana, Yellow Aster in California, Manhattan in Nevada and Brewery Creek in the Yukon. Dr. Stone will report directly to Northern Vertex's President and CEO, Mr. Dick Whittington.
Dick Whittington, President and CEO, states: "We are delighted to have both M3 and Dr. Stone formally join our team as we look to move the Moss Mine forward to production. M3 have extensive experience in the design and construction of processing facilities for mines around the world and have a track record of building them on time and on budget. Meanwhile, Dr. Stone will provide invaluable input and guidance to the construction build process as we look to implement the mine and processing designs outlined in the Feasibility Study. We are excited to be pressing the starting gun on building one of the most economically robust, high margin, projects in one of the premier mining jurisdictions in the world. We look forward to transforming the Company from a development story to a production story over the coming year."
About Northern Vertex: Northern Vertex Mining Corp. is a Canadian exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. The Moss Mine Gold-Silver Project is an epithermal, brecciated, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 370 meters vertically. It is a potential heap leach, open pit project that has been advanced to the Feasibility Study stage that demonstrates the project to be a low Capex, high margin, high rate of return project, located in one of the world's premier mining jurisdictions. The Company's management comprises an experienced management team with a strong background in all aspects of exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"J.R.H. (Dick) Whittington"
President & CEO
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.
Cautionary Note About Forward Looking Information
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.
2016 number 16
Contact
Northern Vertex Mining Corp.
Investor Relations
604-601-3656 or at 1-855-633-8798
www.northernvertex.com