Wednesday, February 29, 2012
Eric Sprott: Silver is Investment of the Next Decade
Tuesday, February 28, 2012
Phase II Drill Program at Moss Project Intercepts 24.38 Metres Grading 1.45 gpt Gold Eqv (1.13 g/t Au, 12.8 g/t Ag); 1.52 Metre High-Grade Intercept of 19.39 Gold Eqv (17.71 g/t Au, 67 gpt Ag) outside Main Target Area gpt
Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V:NEE)(OTCQX: NHVCF) (“Northern
Vertex”) is pleased to announce results from the first 18 holes of its 20,000 foot (6500 meter) in-fill drill
and resource expansion program on the Moss Gold-Silver Project situated in the historic Oatman Mining
district in Mohave County, Northwestern Arizona.
States Northern Vertex Chief Geologist, Dr. Bob Thompson. “We are pleased to report all five of the
Phase II infill holes, AR-124, 125, 127, 128 and 133, designed to convert resources from the inferred to
the indicated category, were successful, with each hole intersecting at least 24 metre widths of
mineralized material.
The significant intersections returned from Phase II drilling are consistent with results from our Phase 1
drill program. Importantly, they demonstrate the consistent internal distribution of gold we’ve come to
expect from the Moss gold-silver system. Holes AR-121, 122 and 123 returned a series of promising
intercepts, despite being stopped in mineralization grading 1 gpt gold equivalent. These holes were
collared approximately 160 meters south from the outcropping Moss stockwork system, where
intersections suggest a broader zone of mineralization at depth.”
You can view the complete release here
Vertex”) is pleased to announce results from the first 18 holes of its 20,000 foot (6500 meter) in-fill drill
and resource expansion program on the Moss Gold-Silver Project situated in the historic Oatman Mining
district in Mohave County, Northwestern Arizona.
States Northern Vertex Chief Geologist, Dr. Bob Thompson. “We are pleased to report all five of the
Phase II infill holes, AR-124, 125, 127, 128 and 133, designed to convert resources from the inferred to
the indicated category, were successful, with each hole intersecting at least 24 metre widths of
mineralized material.
The significant intersections returned from Phase II drilling are consistent with results from our Phase 1
drill program. Importantly, they demonstrate the consistent internal distribution of gold we’ve come to
expect from the Moss gold-silver system. Holes AR-121, 122 and 123 returned a series of promising
intercepts, despite being stopped in mineralization grading 1 gpt gold equivalent. These holes were
collared approximately 160 meters south from the outcropping Moss stockwork system, where
intersections suggest a broader zone of mineralization at depth.”
You can view the complete release here
Kootenay Silver firmly focused on Promontorio project, updated resource expected
Vancouver-based junior explorer Kootenay Silver (CVE:KTN) is firmly pinning its hopes on the Promontorio silver project in Mexico.
Kootenay Silver’s flagship property is the former-producing Promontorio silver mine in Sonora State, Mexico. The company is also actively developing other mineral projects in Mexico and British Columbia, Canada.
But the company's focus on Promontorio was a driver in the recent change of its name from Kootenay Gold.
Speaking to Proactive Investors, Kootenay Silver’s chairman, Ken Berry, said: "Our focus is on the Promontorio property and building that silver resource. We feel that we're at a real stage in development where that resource is a significant asset.
"Our core asset has grown to such a stature it warranted a name change."
Kootenay Silver’s flagship property is the former-producing Promontorio silver mine in Sonora State, Mexico. The company is also actively developing other mineral projects in Mexico and British Columbia, Canada.
But the company's focus on Promontorio was a driver in the recent change of its name from Kootenay Gold.
Speaking to Proactive Investors, Kootenay Silver’s chairman, Ken Berry, said: "Our focus is on the Promontorio property and building that silver resource. We feel that we're at a real stage in development where that resource is a significant asset.
"Our core asset has grown to such a stature it warranted a name change."
Thursday, February 23, 2012
Silver Price Could Double By Year's End - Wealthwire
Were you cursing at your computer screen when silver nearly tripled during the short 9 months from September 2010 to May 2011? Silver at $20 seemed like an insurmountable threshold for quite some time. This caused many silver investors to give up just prior to the ascent, completely missing the ride towards $50. I believe silver is about to offer a similar ride. While it is unlikely to match the 180% advance mentioned above, look for silver to make new highs in the coming months, with the potential to double to $65 by year end.
Tuesday, February 21, 2012
Kootenay Announces Name Change to Kootenay Silver Inc.
Vancouver, B.C. - Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce
that the Company has completed all necessary application processes and obtained regulatory
approval to change its name to "Kootenay Silver Inc." from "Kootenay Gold Inc.". The
Company's shares will trade on the TSX Venture Exchange under the new name at market
open on Tuesday, February 21, 2012. The trading symbol of the Company will remain as
"KTN".
States Kootenay CEO, James McDonald, "We feel the name change to Kootenay Silver Inc.
better reflects our core assets as we continue to advance drilling and development on our
flagship Promontorio Silver Project in Sonora, Mexico.”
Friday, February 17, 2012
History Lessons: Northern Vertex Elevating Historic Gold Resources Toward New Valuation
Amidst a marketplace that favours assets of the more advanced variety, any opportunity to leapfrog beyond the grassroots phase en route to production is enticing to the financial community. For Northern Vertex Mining Corp. (formerly known as “Northern Vertex Capital Corp.”) (TSX-V:NEE) (NHVCF.PK), tapping into that mentality has landed them a pair of near-term projects in a relatively short amount of time, and at a $10 per ounce-in-the-ground cost that's far below the industry average.
Over a span of 7 months, the NEE team managed to raise $16 million in order to fund the acquisition of its two flagship properties in Idaho and Arizona. The business model is to negotiate the acquisition of historic gold resources at a discount, prove them up to 43-101 compliance through confirmation drilling, initiating baseline studies and in turn adding value over a short period of time. By seeking non-compliant resources, the Northern Vertex team managed to acquire ounces in the ground at a rate of less than $10/ounce, among a field that is paying on average more than $100/ounce.
Over a span of 7 months, the NEE team managed to raise $16 million in order to fund the acquisition of its two flagship properties in Idaho and Arizona. The business model is to negotiate the acquisition of historic gold resources at a discount, prove them up to 43-101 compliance through confirmation drilling, initiating baseline studies and in turn adding value over a short period of time. By seeking non-compliant resources, the Northern Vertex team managed to acquire ounces in the ground at a rate of less than $10/ounce, among a field that is paying on average more than $100/ounce.
Thursday, February 9, 2012
Northern Vertex Announces Drill Rig Mobilized to Test Western Extension on Moss Gold-Silver Project, Arizona. Phase I Confirmation Drill and Resource Expansion Program progressing at Lemhi Gold Project, Idaho
Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to
announce progress of its 2012 exploration and development programs on its newly consolidated Lemhi
Gold project in Idaho, its Moss Gold-Silver project in Arizona, and its Copley Gold project in central
British Columbia. The Company reports that budget allocations for drilling contracts, technical and
manpower requirements for multi-phase exploration and drill programs at both the Lemhi Gold and Moss
have been finalized for the Q1 and Q2, 2012 multi-phase programs.
States Northern Vertex CEO, Ken Berry, “We are pleased to report on Company activities as we prepare
for a busy year ahead. Our main objective this year is to aggressively develop our gold and silver assets
by building on our established ounces. Supported by our recent $13.3 million non-brokered financing, we
are currently well funded for an extensive confirmation drill and resource expansion program on the
Lemhi Gold project and to accelerate activities at Moss. On the acquisition front, we will continue to
evaluate accretive opportunities to grow the company”.
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