Land purchase Canada’s Northern Vertex Mining has purchased additional land surrounding the Moss gold-silver mine in Arizona, in the U.S., paving the way for a potential increase in the project’s production capacity.
“Northern Vertex has increased the size of its property around the Moss Mine in NW Arizona from approximately 47 square kilometers to almost 169 square kilometers through a combination of staking and land acquisition,” the company said in a statement.
“Property expansion was driven by the results of a detailed review of the regional geology, publicly available online mineral resources spatial data, and information in a comprehensive historical database compiled by the Company, which highlighted the district-scale exploration potential around the Moss Mine,” according to the miner.
The value of the latest expansion was not disclosed.
Michael G. Allen, the president of Northern Vertex, said that his company was “pleased to be able to establish ourselves as the dominant mineral rights holder in the Oatman District via staking.”