Northern Vertex Files Second Quarter Fiscal 2016 Financial Results

ID: 1418512
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(businesspress24) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/29/16 -- Northern Vertex Mining Corp. (the "Company") (TSX VENTURE: NEE) announces that the Company''s unaudited interim consolidated financial results for the second quarter fiscal 2016 ended December 31, 2015 have been filed on SEDAR. The full version of the Financial Statements and Management''s Discussion & Analysis can be viewed on the Company''s website at or on SEDAR at .

Financial and Corporate Highlights for the Quarter Ended December 31, 2015

Dick Whittington, President & CEO, states, "2016 promises to be a transformative year for the Company. We are looking forward to finalizing our JV LLC agreement with Patriot Gold, completing the Macquarie debt financing and securing the necessary equity funds to commence our development plans for the Moss Mine. The robust economics, the excellent location and the relatively straightforward nature of the planned operation put us in a good position to deliver on these plans. It is an exciting time for the Company and its shareholders."

Cost Management

Operating Results

Operations

Exploration

Feasibility Study

Debt Financing

Corporate

Tax Pools

Arbitration

Strategic Priorities

The Company''s directors and management believe that these priorities are formulating a solid foundation for Northern Vertex Mining Corp., and its shareholders, as it continues working towards building a prosperous, well-respected and long-term mining company.

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 NW Arizona, USA where the Company has recently earned a 70% property interest and will form an LLC 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 370 meters vertically. It is a potential heap leach, open pit project that has been advanced to the Feasibility Study stage to ensure that technical, economic, permitting and funding requirements are met prior to proceeding with the development of the mine. The Company''s management comprises an experienced management 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.

Qualified Persons:

The foregoing technical information contained in this news release has been approved by Mr. L.J. Bardswich, P. Eng., General Manager Moss Project, and a Qualified Person ("QP") for the purpose of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

ON BEHALF OF THE BOARD OF DIRECTORS

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.

Cautionary Note to US Investors:

This news release uses the terms "Measured", "Indicated", and "Inferred" resources. US investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. US investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. US Investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.

2016 number 03

Contacts:


Northern Vertex Mining Corp.
Investor Relations
604-601-3656 or 1-855-633-8798



More information:
http://dtsservicecentre.com.au http://www.starbulk.com http://www.northernvertex.com



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Date: 02/29/2016 - 16:48
Language: English
News-ID 1418512
Character count: 2793
Kontakt-Informationen:
Firma: Northern Vertex Mining Corp.
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Stadt: VANCOUVER, BRITISH COLUMBIA
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