Also being "parallel tracked" prior to the release of the PEA is the procurement of certain long lead time items such as the pumps used throughout the leach circuit process, the agglomeration drum for mixing crushed ore with agglomeration materials and a 5 column carbon absorption unit used in the gold extraction process.
In addition to equipment procurement, the Company is currently sending out official Bid Packages for competent mining contractors specifically for the Phase I Pilot Plant but also for Phase II, where production levels of 5,000 tpd are targeted. Depending on the competitiveness of these bids, the mine will be either contractor operated or owner operated.
With equipment procured and mining contractors secured, construction on Phase I could commence at the end of Q1 or early in Q2 of this year, once all necessary permits are received and Northern Vertex's Board has approved the Project.
The Company is actively working with the necessary authorities to secure the permits required to proceed with the Phase I Pilot Plant. Arizona Department of Environmental Quality (ADEQ) has advised that the Substantive Review is now in progress for Phase I Aquifer Protection Permit. The Company anticipates that final permit authorization will be received in Q1 2013. The Air Quality Permit Determination Request for Phase 1 is also currently being reviewed by ADEQ.
Permit applications for Phase II will be pursued in due course should the PEA indicate Phase II is an economically viable option for the Company.
The Company has established a local "Moss Project Advisory Council". A diverse group of local stakeholders have agreed to participate in this forum as a means to facilitate open and transparent communications of the Company's plans going forward. Advisory Council meetings will be held regularly throughout the development and operations of the Moss Project.
Local Office Opened in Arizona:
Golden Vertex Corp, an Arizona corporation wholly owned by Northern Vertex Mining Corp. has opened an office in Bullhead City, Mohave County, NW Arizona, 90 miles south of Las Vegas and a short 20 minute drive from the Moss Project site. "Establishing a Northern Vertex presence in Bullhead City is an important step for us" says Joe Bardswich, General Manager - Moss Project. "Logistically and administratively it makes sense from a mine development point of view but it also allows us to establish a presence for the local community. A mine of this nature brings employment and business opportunities for the communities but will inevitably have unanticipated impacts on the local communities as well so we want the lines of communication to be open." The Company will be, wherever possible, hiring locally and securing supplies locally to support local business. Where possible, training programs will be set up to facilitate this objective.
Board of Directors Strengthened:
On December 28, 2012, at the Annual Meeting of Shareholders of Northern Vertex Mining Corp. approval was given to increase the number of Board Members from four to six. Both Mr. Dick Whittington, P.Eng, President and CEO Northern Vertex Mining Corp. as well as Mr. Jim McDonald, P.Geo will bring their extensive mining expertise and business acumen to an already qualified and skilled Board including Mr. Ken Berry, B.Comm, Chairman of the Board, Mr. David Farrell, B.Comm, LL.B, Director, Mr. Joe Bardswich, P.Eng, General Manager - Moss Project, Director and Mr. Mark Schnarr, BA, Director.
Most Popular Stories
- American Airlines, US Airways Complete Merger
- ACA Delay Stresses Small Businesses
- Questions Remain in Jenni Rivera's Death
- Unemployed Wait as Lawmakers Debate
- Harley Issues Motorcycle Recall
- General Dynamics Plans 200 New Jobs in N.M.
- Auto Dealer Builds Big Solar Project
- Entrepreneurs' Next Creation May Be New Laws
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Dell Offers Undisclosed Number of Employee Buyouts