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Last C$0.19 CAD
Change Today -0.01 / -5.00%
Volume 20.0K
NEE On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 11:53 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

northern vertex mining corp (NEE) Snapshot

Open
C$0.20
Previous Close
C$0.20
Day High
C$0.20
Day Low
C$0.19
52 Week High
08/29/14 - C$0.32
52 Week Low
03/10/15 - C$0.09
Market Cap
16.3M
Average Volume 10 Days
8.3K
EPS TTM
C$0.04
Shares Outstanding
86.0M
EX-Date
--
P/E TM
4.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for NORTHERN VERTEX MINING CORP (NEE)

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northern vertex mining corp (NEE) Details

Northern Vertex Mining Corp. acquires, explores for, and develops mineral properties principally in the United States and Canada. It primarily holds interest in the Moss gold–silver project located in Mohave County, Arizona. The company was formerly known as Northern Vertex Capital Inc. and changed its name to Northern Vertex Mining Corp. in February 2012. Northern Vertex Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

northern vertex mining corp (NEE) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$355.3K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$189.8K
General Manager of Moss Property, Director an...
Total Annual Compensation: C$225.2K
Compensation as of Fiscal Year 2014.

northern vertex mining corp (NEE) Key Developments

Northern Vertex Mining Corp Announces Feasibility Study Results for the Moss Mine Project

Northern Vertex Mining Corp. announced the results of a recently completed Feasibility Study on the Moss Gold-Silver Project located in Mohave County, Arizona. The Feasibility Study, which was completed on time and on budget, was prepared in accordance with standard industry practices and is summarized and disclosed in accordance with Canadian Securities Administrators NI 43 ­ 101. The Feasibility Study will also serve as the Bankable Feasibility Study required by the company's 2011 Exploration and Option to Enter Joint Venture Agreement, Moss Mine Project with Patriot Gold Corp. Under the Earn-in Agreement, Northern Vertex will earn 70% of the Project with the BFS being the final material requirement of the earn-in. The Feasibility Study envisions an open-pit mining operation with crushing, agglomeration and stacking of ore onto a conventional heap leach pad. Gold and silver recovery will be achieved by a Merrill Crowe process to produce doré bar at the project site. The Project has been designed to have a 5 year mine life at a projected mining rate of 5,000 tons per day. The Moss Gold-Silver Project encompasses 15 patented lode claims covering 102.8 hectares and 468 unpatented lode claims for a total of 4,030.8 hectares. The focus of the Feasibility Study is the gold-silver mineralization associated with the Moss Vein, the West Extension and adjacent stock works on the patented claims. All of the project facilities, including the open-pit, heap leach pad, waste dumps and other ancillary works are designed to be constrained wholly within the patented claims. The Feasibility Study is based on contract mining for the full 5 year mine life. Mine production will ramp up from an initial 2,500 tons per day at Month 1, to 3,500 tons per day at Month 7 and then full production of 5,000 tons per day in Month 13. The base assumptions assume a gold price of USD 1,250/oz and a silver price of USD 20/oz for the life of the project. Consumable prices for process reagents, cement, cyanide and fuel are based on quotes received from local vendors. Capital is based on equipment quotes received from suppliers and service providers.

Northern Vertex Mining Corp. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended March 31, 2015

Northern Vertex Mining Corp. announced unaudited consolidated financial results for the third quarter and nine months ended March 31, 2015. For the quarter, net loss was $0.43 million against $0.91 million a year ago, excluding a non-cash, unrealized foreign exchange gain of $3.27 million (2014: $1.03 million); For the nine months, net loss, excluding non-cash, unrealized foreign exchange gain of $6.08 million, was $1.09 million compared to $4.06 million for the comparative period last year.

Northern Vertex Mining Corp. Provides Exploration Update of Property Wide Exploration Program on its Moss Mine Gold-Silver Earn-in Property and Adjacent Silver Creek Earn-In Property

Northern Vertex Mining Corp. provided an update on the company's property wide exploration program on its Moss Mine Gold-Silver earn-in property and adjacent Silver Creek earn-in property, located in Mohave County, Arizona, USA. The program commenced in September 2014 with the objective of identifying and prioritizing areas for future exploration mapping, surface sampling and possible drilling. Reconnaissance mapping followed by a rock chip sampling program, totaling 681 samples, was carried out to investigate a number of vein trends on Northern Vertex's unpatented claims surrounding the company's Moss Deposit. Initial coverage was focused on prominent quartz carbonate veins and breccia zones. A number of the aeromagnetic and structural trends were tested while others still remain to be sampled. Several of the previously identified structures have been shown to be mineralized over significant strike lengths, as follows: The prominent aeromagnetic feature near the southern boundary of the Moss claim block is interpreted to be a westerly continuation of the structural trend that hosts the Gold Road Deposit. Gold Road produced 484,000 ounces at 10 gpt between 1897 and 1942. Sampling of a quartz carbonate brecciated zone on the West Oatman vein. A sub-parallel structure located 420m to the north of the above zone the "Silver Creek Spring' vein - shows a number of samples grading in excess of 1 gpt over a strike length of 1320m. Additional quartz-carbonate veins - termed The Old Timer trend - to the northwest of the Moss Deposit - shows a number of samples grading in excess of 0.5 gpt over a strike length of 930m. Airborne geophysics has been very effective in highlighting potential structures for exploration. A number of additional aeromagnetic and vein trends remain to be mapped and sampled and others require follow-up sampling. These will be followed up at a later date. Results to date indicate that a low sulphidation, epithermal, depositional model applies to the vein systems outlined to date, similar to the Moss deposit and those exploited at Oatman. The Oatman deposits are low sulphidation deposits and are similar to the Midas deposit, the Hollister deposit and others.

 

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