Drilling has successfully intercepted high-grade gold and widespread district scale mineralization within a 2-kilometer radius of mining operations.
Initial results from Northern Vertex's drill campaign, follows three consecutive quarters of increased gold production and record revenues for the quarter ended
High-Grade Gold Intercepted in
Hole AR20-286R returned 15.2 meters of 9.11 gpt gold and 85.99 gpt silver including 6.1 meters of 21.8 gpt gold and 211.48 gpt silver and 1.5 meters of 69.3 gpt gold (2.02 ounces of gold) and 716 gpt silver within; (estimated true width is calculated to be 85% of the drilled intercept).
Hole AR20-255R returned 3.0 meters of 3.73 gpt gold and 22.85 gpt silver.
Resource Expansion within the 5.6Km Mineralized
Hole AR20-251R returned 6.1 meters of 0.93 gpt gold in the West Extension area, representing significant mineralization on strike and 1.2 km to the west of the current boundary of the Moss open-pit
Holes AR20-246R intercepted 21.3 meters of 0.57 gpt gold and AR20-248R returned 25.9 meters of 0.5 gpt gold indicating extensive mineralization at
Hole AR20-253R in Midwest returned intercepts of 45.7 meters of 0.323 gpt gold and 1.21 gpt silver; 4.6 meters of 0.442 gpt gold and 1.53 gpt silver; 3.0 meters of 1.182 gpt gold and 0.7 gpt silver and 4.6 meters of 0.539 gpt gold and 0.76 gpt silver. Hole AR20-253R, located in Midwest, was drilled into disseminated mineralization over a wide area for which insufficient information is available at this stage to determine deposit characteristics and true width of the intercept.
Emerging Discovery to Feed Hub & Spoke Production Model
Hole AR20-259R at the
Drilling Discussion and Assay Results Overview
The Program continues with two reverse circulation drill rigs, which are expected to remain on the property until
West and Midwest Extensions: 1.7km mineral trend adjacent to current operations and on strike with the Moss Vein
Eastern Extension: 1.5-kilometer mineral trend adjacent to current Moss Mine Operations
The Ruth Vein
The Ruth Veinis a former producing high-grade vein subparallel to the Moss Vein and dipping north back towards the Moss Vein. An objective of the 2020 drill program is to find high-grade ore shoots within the Ruth Vein and to test the downdip intersection of the Ruth and Moss veins, with the goal of developing higher grade resources and expanding the pit to the south. The Ruth Vein outcrops less than 500 feet south of the Center open-pit boundary. Current drilling demonstrates continuous down-dip gold mineralization from a surface outcrop for at least 260 feet longitudinally and to at least 215 feet below the surface.
The West Extension
TheWest Extensionof the Moss Vein is a 1.7 kilometer-long zone of vein and stockwork veining along the Moss structure west of the
Hole AR20-253R was drilled furthest to the west into stockwork veining at the Midwest Extension. Several holes were drilled between AR20-253R and the current mining operations including one hole at the Mordor Vein, and two widely spaced wildcat holes along the mineralized corridor.
West Oatman Prospect
The
Eastern Extension
The Eastern Extension is a continuation of the Moss Vein to the east of the current mining operations. Only shallow drilling has been completed to date and returned results of only narrow low-grade mineralized intervals within the Moss Vein structure near surface. Two additional exploration drill holes were completed in the Far East Extension which targeted the intersection of the
QA/QC
Samples of drill cuttings were collected by the drilling crew using a wet rotary splitter to ensure a representative sample of each five-foot interval. Field notes were recorded for each sample documenting what was sampled and how the sample was taken. Samples were collected in bags with a sample tag inserted and delivered to a secure on-site location prior to pick-up by
At the lab, rock samples are dried, crushed and pulverized to 85% passing through a 200-mesh sieve. The pulps are assayed for gold using a 30 g split, Fire Assay (FA) and Atomic Absorption (AA) finish. Over limit assays for both gold and silver (10 gpt for gold and 100 gpt for silver) were rerun using a gravimetric procedure. Rejects and pulps are stored at Golden Vertex's warehouse in
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