Moss

Operator : Northern Vertex (100%)

Sustainability : Corporate Responsibility

Acquisition Date : August 28, 2020

Acquisition Price: $7.6 Million

Terms

• 1% NSR royalty on all production from 7 patented lode claims in which there are no other royalties
• 0.5% NSR royalty on all production from patented lode claims that have other royalty interest
• 3% NSR royalty from all production from 63 unpatented lode claims and on public lands within one mile of the outer perimeter of the present claim boundary

Upcoming Catalysts & Milestones

2021:

• H1: Infill Drilling, Property-Wide Exploration Update, Define Drill Targets for Resource Expansion
• H2:  Resource Expansion Drilling, Regional Geophysics, Priority Regional Target Drilling Campaign

2022:

• H1: Drilling of Moss Mine Extensions, Greenfield Drill Target Definition
• H2: Define resources on extensions, Begin Greenfield Drilling

2023: 

• H1: Extension Resource Published, Greenfield Results
• H2: Greenfield Resources

Overview

The Moss gold mine is located in Arizona, about one hour and a half drive south of Las Vegas, Nevada. Northern Vertex optioned the Moss Property in 2011 and advanced the project by completing a pilot plant test facility in 2014 as well as a Feasibility Study in 2015.

Northern Vertex also completed a Preliminary Economic Assessment in 2017, which featured an extension to the mine life from 5 to 10 years.

Following the construction and the commissioning process the commercial production was declared at the Moss mine, effective September 2018.