Northern Vertex triples land position around its Moss gold mine in Arizona
(Kitco News) - Northern Vertex Mining (TSX.V: NEE), a Western U.S. gold producer with district-scale exploration projects in the Walker Lane Trend, announced Tuesday that it has significantly expanded its property holdings around the Moss gold mine in NW Arizona and has obtained property-wide hyperspectral alteration mineral data.
Northern Vertex said it has increased the size of its property around the Moss mine in NW Arizona from approximately 47 square kilometers to almost 169 square kilometers through a combination of staking and land acquisition.
Northern Vertex added it now controls a district-scale property of approximately 169 square kilometers in size around the Moss mine. Property-scale hyperspectral alteration mineral maps have been acquired and are being used in combination with the company's historical database for the broader district to better prioritize exploration targets.
Property expansion was driven by the results of a detailed review of the regional geology, publicly available online mineral resources spatial data, and information in a comprehensive historical database compiled by the company, which highlighted the district-scale exploration potential around the Moss Mine.
President Michael G. Allen commented, "The presence of numerous historic mines, adits, workings, and showings in the broader Oatman Mining District and their apparent relationship to key regional to local geological structures, underlined the district-scale potential around the Moss Mine and was the driver behind acquiring more land. A preliminary review of the hyperspectral alteration mineral data has already supported the decision to expand our land package, and it is being used to optimize our exploration plans."
Northern Vertex's 100% owned Moss gold mine is located in Arizona, approximately one hour and a half drive south of Las Vegas, Nevada. Shortly after a successful construction and the commissioning process in 2018, Northern Vertex declared commercial production at the Moss mine, effective September 2018.