VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the "Company") is pleased to announce the award of two "Certificates of Achievement in Safety, 2013" by the United States Federal Department of Labor, Mine Safety and Health Administration (MSHA) to its wholly owned Arizona subsidiary, Golden Vertex Corp. One certificate was awarded in the category "OPEN PIT GROUP-SMALL" and the second certificate in the category of METAL-NONMETAL MILL GROUP-LARGE.
Criteria for the awards include stipulations that the mining operations have not experienced a work injury that resulted in a fatality, permanent disability, days away from work, or days of restricted work activity; have a No Days Lost (NDL) injury incidence rate (degree 6) no greater than the national incidence rate and have accumulated at least 4,000 employee-hours during the calendar year. Golden Vertex Corp has had zero "Lost Time Accidents (LTA's)" since the inception of operations in October, 2012.
Dick Whittington, President & CEO, states: "We are proud of the achievements made by our staff at the Moss Mine and receiving these awards recognizes the high level of commitment by all employees to workplace safety and developing and fostering a culture of safety. The awards are a testament to the level of professionalism by the operating management, in particular, Safety Director David Kinsey. David has spearheaded a first class safety program that includes the development and implementation of an MSHA approved training plan, which includes the highest Standard Operating Procedures (SOPs) for all facets of the mining and processing operations. Of particular note is the fact that a high percentage of the employees reside locally and had no previous experience in mining or ore processing and who enthusiastically and speedily acquired the knowledge and skills to conduct the various operations safely and efficiently. Safety will remain the number one priority for the company as we seek to progress the company's development of a mine at the Company's earn-in Moss Mine Project".
The Company has granted a stock option, under the terms of its stock option plan, to an officer who is also a director of the Company which entitles him to purchase up to an aggregate of 100,000 common shares at an exercise price of $0.30 per common share at any time until July 28, 2019.
About Northern Vertex: Northern Vertex Mining Corp. is a Canadian based exploration and mining company focused on the reactivation of the Moss Mine Gold-Silver Project located in Mohave County, NW Arizona, USA, where the Company has the right to earn-in to a 70% property interest through a Joint Venture with Patriot Gold Corp. The Moss Mine Gold-Silver Project is an epithermal, brecciated, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 220 meters vertically. It is a potential heap leach, open pit project being advanced under a three-phase business plan, specifically designed to ensure that technical, economic, permitting and funding requirements are met prior to each phase proceeding. The Company's management comprises an experienced team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.
To view photos of the Moss Mine Gold-Silver Project, please click on the following link: http://www.northernvertex.com/s/PhotoGallery.asp
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
J.R.H. (Dick) Whittington, President & CEO
For further information, please visit www.northernvertex.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: The information in this news release has been prepared as at July 10, 2014. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
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. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the completion of the Private Placement, the proposed use of the proceeds of the Private Placement, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such Statements.
2014 number 12