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[Ferro-Alloys.com]

Northern Vertex Mining Corp, a Western US gold producer with district-scale exploration projects in the Walker Lane Trend, announced that it has significantly expanded its property holdings around the Moss Mine in NW Arizona and has obtained property-wide hyperspectral alteration mineral data. Northern Vertex President Mr Michael G Allen said "We are pleased to be able to establish ourselves as the dominant mineral rights holder in the Oatman District via staking. The Oatman district has historical production of over two million ounces of gold but has seen very little modern exploration. Establishing a large highly prospective land package then systematically exploring it is a time-tested strategy for unlocking shareholder value. We are uniquely positioned by having an established mine in the district."

 

Northern Vertex 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. 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.

 

Key Points:

 

Northern Vertex 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.

 

source：SteelGuru Business News