VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2016) - Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the "Company") announces the appointment of Christopher Park, CPA, CGA as its new Chief Financial Officer, effective September 1st. Mr. Park has several years' experience in senior financial positions in the mining industry, including Corporate Controller for a mid-tier producing mining company which recently completed a major mine project in British Columbia. He will play a key role as Northern Vertex moves to its next stage of corporate development as it prepares to commence construction of commercial scale operations at its 100% owned, 5,000 tonnes per day, open pit, heap leach, Moss Mine gold/silver project in Western Arizona.
The Company also announces the resignation of Ed Duda as Chief Financial Officer of the Company, effective August 31st. Ed is leaving to pursue alternative career opportunities going forward. The Company thanks Ed Duda for his contributions over the past four years and for his efforts in assisting with last year's Feasibility Study, the Patriot Arbitration and the successful purchase of Patriot's 30% interest in the Moss Mine Project, achievements which have laid the foundation for the Company to move to the next phase in its development. Mr. Duda will remain as a consultant to the Company and will assist with the transition to the new CFO.
Dick Whittington, President and CEO, commented: "We welcome Chris onto the team at this pivotal moment for Northern Vertex, as we start the transition to becoming a near-term producer. Chris brings recent mine building experience, skill sets and competencies that have been stress tested through the mine building process as well as great energy to the mission. In the meantime, we appreciate Ed's past contributions and wish him continued success in his future endeavours. The Company has an exciting year ahead of it and I am pleased to be putting the building blocks in place to ensure we meet our deliverables going forward."
About Northern Vertex: Northern Vertex Mining Corp. is a Canadian exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. 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 370 meters vertically. It is a potential heap leach, open pit project that has been advanced to the Feasibility Study stage that demonstrates the project to be a low Capex, high margin, high rate of return project, located in one of the world's premier mining jurisdictions. The Company's management comprises an experienced management team with a strong background in all aspects of 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.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
J.R.H. (Dick) Whittington, President & CEO
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.
Cautionary Note About Forward Looking Information
This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.
2016 number 18