CONFIRMS CONTINUITY OF HIGH-
- Strike length of
Ruth Vein extended for 150 meters and the drilling continues to confirm continuity of mineralization for +650 meters with potential for high-grade ore shoots running parallel to our producingMoss Mine Central Pit . - Drilling discovered an unexpectedly thick stockwork mineralized area surrounding the Ruth Vein; specifically hole AR20-315R returning an interval of 109.8 meters from 184.5 meters to the bottom of the hole @ 0.79 gpt gold and 24.40 gpt silver including intervals of 15.25 meters of 1.75 gpt gold and 41.10 gpt silver and 15.25 meters @ 1.85 gpt gold and 85.10 gpt silver.
- Two RC drill rigs are currently supporting the multi-phased exploration and resource expansion program.
Ruth Vein high-grade intercepts are typical of mineralized shoots mined in theOatman District .
The Ruth Vein strikes subparallel to the Moss Vein, dips to the north into the south-dipping
Recent drilling of the Ruth vein has focused on following up high-grade vein intercepts in holes AR20-286R and AR20-313R (see news release dated
Intersection of the Ruth and Moss veins was tested by hole AR20-315R, which drilled the Ruth Vein approximately 185 meters beneath the surface and then intersected the Moss Vein at approximately 274 meters down hole. Here, very thick zone of quartz stockwork veining was encountered between the two veins and intercepted:
- 109.8 meters (from 184.5m to 294.3m) @ 0.79 gpt gold and 24.41 gpt silver
- including 15.25m (from 196.7m to 212.0m) @ 1.75 gpt gold and 41.10 gpt silver
- and including 15.25m (from 274.5m to 289.8m) @ 1.85 gpt gold and 85.10 gpt silver
Click the link to view a cross section of hole AR20-315R (figure 2).
A north-south fence of drill holes AR20-315R, AR20-314R and AR20-313R demonstrate continuity of gold-silver mineralization along a down-dip length of approximately 274 meters on the Ruth Vein from the surface to the Moss Vein intersection.
Internal modelling indicates the intersection between the Moss Vein and the Ruth Vein may become shallower on strike to the east. Additional drilling is underway to target the untested intersection along strike. Discovery of thick mineralization along this extensive zone of structural preparation could lead to a future expansion of the Moss open pit mine to depth.
Ruth Vein Extensions
The Ruth Vein out-crop can only be traced on surface for about 170 meters along strike, however scattered historic prospect pits have exposed veining for another 320 meters to the west. Similar scattered vein exposures could be followed for about 220 meters to the east, giving the vein a surface expression of approximately 710 meters. A north-dipping vein in the hanging wall of the Moss Vein outcrops on surface east of the current pit limit, roughly one kilometer farther east of the last indication of the Ruth Vein, and extends for a minimum of 250 meters to the east. This vein is similar to the Ruth vein in width, texture, orientation, and position relative to the Moss vein. The area between the two veins is characterized by scattered veins and stockworks and likely correlates with the Ruth vein. As a result, this vein has been named the East
- 48.8 meters (from 38.1 to 86.9 meters) @ 0.74 gpt gold & 4.19 gpt silver
- Including 7.6 meters (from 74.7 to 82.4 meters) @ 1.36 gpt gold & 5.56 gpt silver
- And 35.0 meters (from 161.7 to 196.7 meters) @ 0.59 gpt gold & 11.37 gpt silver
- Including 4.5 meters (from 192.2 to 196.7 meters) @ 2.84 gpt gold & 48.73 gpt silver
In addition to the stockwork mineralization, some higher-grade veins have been drilled within the stockwork, such as AR20-293R, containing a vein assaying 9.15m @ 2.40 gpt gold and 2.78 gpt silver.
The Company continues to evaluate recent assay results received for the 15 holes, including 10 from the
Detailed Drill Results
Location | Hole ID | Azimuth | Dip | From (m) | To (m) | From (ft) | To (ft) | Length (m) | Length (ft) | Au (g/t) | Ag (g/t) |
Ruth | AR20-306R | 180 | -45 | 35.08 | 45.75 | 115 | 150 | 10.68 | 35 | 2.664 | 5.557 |
including | 38.13 | 44.23 | 125 | 145 | 6.10 | 20 | 4.258 | 8.7 | |||
and | 88.45 | 97.60 | 290 | 320 | 9.15 | 30 | 2.964 | 29.917 | |||
including | 89.98 | 94.55 | 295 | 310 | 4.58 | 15 | 5.62 | 57.567 | |||
AR20-307R | 180 | -65 | 0.00 | 7.63 | 0 | 25 | 7.63 | 25 | 0.354 | 1.7 | |
and | 103.70 | 126.58 | 340 | 415 | 22.88 | 75 | 1.107 | 14.9 | |||
including | 109.80 | 120.48 | 360 | 395 | 10.68 | 35 | 1.815 | 29.1 | |||
and | 141.83 | 150.98 | 465 | 495 | 9.15 | 30 | 0.35 | 4.5 | |||
AR20-310R | 180 | -88 | 106.8 | 111.3 | 350 | 365 | 4.6 | 15 | 0.53 | 2.37 | |
172.3 | 190.6 | 565 | 625 | 18.3 | 60 | 1.02 | 26.45 | ||||
including | 175.4 | 183.0 | 575 | 600 | 7.6 | 25 | 1.97 | 57.04 | |||
207.4 | 233.3 | 680 | 765 | 25.9 | 85 | 0.46 | 12.87 | ||||
including | 207.4 | 213.5 | 680 | 700 | 6.1 | 20 | 1.18 | 27.13 | |||
AR20-311R | 180 | -70 | 125.1 | 131.2 | 410 | 430 | 6.1 | 20 | 0.63 | 11.23 | |
AR20-312R | 180 | -45 | 94.6 | 100.7 | 310 | 330 | 6.1 | 20 | 5.18 | 37.35 | |
AR20-314R | 180 | -65 | 134.2 | 149.5 | 440 | 490 | 15.3 | 50 | 0.83 | 18.29 | |
including | 134.20 | 140.30 | 440 | 460 | 6.10 | 20 | 1.55 | 21.85 | |||
AR20-315R | 180 | -85 | 184.53 | 294.33 | 605 | 965 | 109.80 | 360 | 0.79 | 24.41 | |
including | 196.73 | 211.98 | 645 | 695 | 15.25 | 50 | 1.75 | 41.10 | |||
and including | 274.50 | 289.75 | 900 | 950 | 15.25 | 50 | 1.85 | 85.10 | |||
AR20-316R | 185 | -50 | 56.43 | 77.78 | 185 | 255 | 21.35 | 70 | 0.43 | 2.04 | |
including | 56.43 | 59.48 | 185 | 195 | 3.05 | 10 | 0.92 | 4.40 | |||
and including | 64.05 | 67.10 | 210 | 220 | 3.05 | 10 | 0.67 | 7.05 | |||
and including | 73.20 | 76.25 | 240 | 250 | 3.05 | 10 | 0.75 | 0.30 | |||
AR20-317R | 150 | -45 | 65.58 | 77.78 | 215 | 255 | 12.20 | 40 | 0.44 | 0.74 | |
AR20-318R | 140 | -70 | 64.05 | 67.10 | 210 | 220 | 3.05 | 10 | 1.48 | 0.55 | |
AR20-290R | 185 | -45 | 33.6 | 62.5 | 110 | 205 | 29.0 | 95 | 0.43 | 0.23 | |
including | 44.2 | 51.9 | 145 | 170 | 7.6 | 25 | 0.67 | 0.24 | |||
AR20-293R | 50 | -55 | 28.98 | 38.13 | 95 | 125 | 9.15 | 30 | 2.40 | 2.78 | |
47.28 | 57.95 | 155 | 190 | 10.68 | 35 | 0.69 | 3.26 | ||||
68.63 | 71.68 | 225 | 235 | 3.05 | 10 | 0.43 | 1.65 | ||||
122.00 | 132.68 | 400 | 435 | 10.68 | 35 | 0.27 | 1.34 | ||||
AR20-294R | 100 | -45 | 4.6 | 12.2 | 15 | 40 | 7.6 | 25 | 1.18 | 0.92 | |
and | 29.0 | 48.8 | 95 | 160 | 19.8 | 65 | 0.28 | 0.40 | |||
AR20-295R | 315 | -45 | 65.6 | 70.2 | 215 | 230 | 4.6 | 15 | 0.42 | 1.07 | |
AR20-296R | 215 | -45 | 22.9 | 39.7 | 75 | 130 | 16.8 | 55 | 0.59 | 1.25 | |
including | 33.6 | 36.6 | 110 | 120 | 3.1 | 10 | 2.03 | 1.50 | |||
and | 67.1 | 70.2 | 220 | 230 | 3.1 | 10 | 0.60 | 1.35 | |||
and | 86.9 | 99.1 | 285 | 325 | 12.2 | 40 | 0.29 | 0.78 | |||
AR20-297R | 185 | -45 | 10.7 | 25.9 | 35 | 85 | 15.3 | 50 | 0.29 | 0.88 | |
and | 58.0 | 80.8 | 190 | 265 | 22.9 | 75 | 0.55 | 0.79 | |||
including | 61.0 | 68.6 | 200 | 225 | 7.6 | 25 | 1.00 | 1.06 | |||
AR20-298R | 40 | -75 | 29.0 | 32.0 | 95 | 105 | 3.1 | 10 | 0.67 | 1.85 | |
and | 41.2 | 53.4 | 135 | 175 | 12.2 | 40 | 0.59 | 9.36 | |||
and | 67.1 | 77.8 | 220 | 255 | 10.7 | 35 | 0.31 | 11.84 | |||
and | 100.7 | 105.2 | 330 | 345 | 4.6 | 15 | 0.43 | 4.60 | |||
and | 120.5 | 129.6 | 395 | 425 | 9.2 | 30 | 0.42 | 22.78 | |||
and | 181.5 | 187.6 | 595 | 615 | 6.1 | 20 | 0.55 | 6.53 | |||
and | 204.4 | 207.4 | 670 | 680 | 3.1 | 10 | 0.59 | 1.90 | |||
AR20-299R | 355 | -80 | 4.6 | 10.7 | 15 | 35 | 6.1 | 20 | 0.38 | 0.53 | |
and | 30.5 | 157.1 | 100 | 515 | 126.6 | 415 | 0.37 | 10.39 | |||
including | 44.2 | 64.1 | 145 | 210 | 19.8 | 65 | 0.65 | 8.28 | |||
and including | 114.4 | 123.5 | 375 | 405 | 9.1 | 30 | 0.65 | 40.63 | |||
and | 176.9 | 181.5 | 580 | 595 | 4.6 | 15 | 0.43 | 14.10 | |||
and | 198.3 | 201.3 | 650 | 660 | 3.0 | 10 | 0.68 | 14.10 | |||
and | 216.6 | 225.7 | 710 | 740 | 9.2 | 30 | 0.44 | 1.65 | |||
AR20-300R | 285 | -55 | 12.2 | 15.3 | 40 | 50 | 3.1 | 10 | 0.73 | 2.50 | |
and | 38.1 | 86.9 | 125 | 285 | 48.8 | 160 | 0.74 | 4.19 | |||
including | 74.7 | 82.4 | 245 | 270 | 7.6 | 25 | 1.36 | 5.56 | |||
and | 131.2 | 134.2 | 430 | 440 | 3.0 | 10 | 0.61 | 25.75 | |||
and | 161.7 | 196.7 | 530 | 645 | 35.1 | 115 | 0.59 | 11.37 | |||
including | 192.2 | 196.7 | 630 | 645 | 4.6 | 15 | 2.84 | 48.73 | |||
and | 204.4 | 213.5 | 670 | 700 | 9.2 | 30 | 0.37 | 4.60 | |||
AR20-301R | 248 | -45 | 30.5 | 41.2 | 100 | 135 | 10.7 | 35 | 0.37 | 1.74 | |
and | 96.1 | 128.1 | 315 | 420 | 32.0 | 105 | 0.45 | 1.70 | |||
AR20-304R | 185 | -45 | 39.7 | 45.8 | 130 | 150 | 6.1 | 20 | 1.13 | 0.98 | |
AR20-305R | 215 | -45 | 16.8 | 22.9 | 55 | 75 | 6.1 | 20 | 0.28 | 0.35 | |
and | 42.7 | 58.0 | 140 | 190 | 15.3 | 50 | 0.96 | 1.37 | |||
including | 45.8 | 53.4 | 150 | 175 | 7.6 | 25 | 1.72 | 2.16 | |||
and | 111.3 | 117.4 | 365 | 385 | 6.1 | 20 | 0.83 | 0.83 |
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
Qualified Person
The foregoing technical information contained in this news release has also been reviewed and verified by Mr.
Neither
About
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"Kenneth Berry"
President & CEO
Cautionary Note Regarding 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 scheduled, may, intend, plan, expect, anticipate, believe or other similar words. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. 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. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations. US investors should be aware that mining terminology used for Canadian mineral project reporting purposes differs significantly from US terminology.
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