After being halted on Monday, Northern Vertex reported high-grade intercepts at high-grade Ruth vein, adjacent to open-pit at its Moss Project :
- 15.2m @ 9.11 g/t Au and 86 g/t Ag
- Including 6.1m @ 21.8 g/t Au and 211 g/t Ag
- 1.5m @ 69 g/t Au and 716 g/t Ag
- 3m @ 3.73 g/t Au and 22.85 g/t Ag
The emerging discovery at West Oatman:
- 53.3m @ 0.81 g/t Au and 14.7 g/t Ag
The intercepts at the Ruth vein are exceptionally high-grade relative to the reserve and resource grades. There is potential for the unification of the west and center pits and expansion of the center pit to the south to incorporate the former producing, high-grade Ruth vein. The West extension show solid continuity to the current resource with sporadic higher-grade intercepts along a strike length of more than 1.2km.
The stock is reacting positively on the news:
About the author
Chief Mining Analyst with GoldSeek.com and SilverSeek.com. Author of the Gold Seeker Report weekly newsletter and analyst at the 24K Gold Fund. Previously he was the Senior Mining Equity and Economic Analysis at The Morgan Report. He was a Co-Founder and Director of Lemuria Royalties, before it was acquired in March 2018. He also co-authored The Silver Manifesto with David Morgan in 2015.
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