|Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to announce an extensive confirmation in-fill and definition drilling program is underway on the Company's newly acquired Moss gold-silver property situated in the historic Oatman Mining district in Mohave County, Northwestern Arizona.|
The multi-phase program will include 25,000 feet of drilling and will employ both a diamond drill rig and a reverse circulation rig to confirm previous results reported from 305 historical holes drilled on the Moss property between 1982 and 2008. Confirmation and in-fill drilling will include an estimated 60 holes and will focus on the property's high priority stockwork gold-silver vein system that measures 45 feet thick and has been traced along a strike length of 5000 feet to an average depth of approximately 200 feet. The mineralized structure remains open on strike and at depth.
"The Moss stockwork vein system is an easy to access, outcropping gold zone that offers both near-term production potential and significant growth upside." States Northern Vertex Chief Geologist Bob Thompson "Because of the project's advanced stature, the current program will include requisite base line and scoping studies concurrent with drilling to fast track its development". Adds Thompson The overall objective of the systematic program will be to confirm the grades and widths within the main stockwork vein zone to determine the size and scope of the Moss gold-silver system and to provide samples for metallurgical testing throughout mineralized zone .
Exploration upside on the Moss property is considered very good and exists along strike of the main Moss vein, to depth, and along underexplored sub parallel hanging wall veins. Mineralization at the Moss and in the district is hosted in low sulfidation epithermal veins, vein breccias and stockworks.
The historic Oatman Mining District has produced over 2 million ounces of gold, mainly from high-grade underground operations. The Historic Moss Mine Property was the site of sporadic high-grade mining dating back to the late 18th century. Historic workings are evident throughout the property and the likelihood of finding additional bulk mineable ore is considered excellent.
Northern Vertex is a gold exploration and development company operating principally in Arizona, U.S.A. and British Columbia, Canada. The Company comprises an experienced management group with a strong background in all aspects of acquisition, exploration, development and financing of precious metal mining projects. Northern Vertex controls majority interests, subject to royalties, in 3 emerging gold prospects strategically located within productive mineral trends in Arizona and British Columbia. The Company's stated mandate is to acquire, develop and advance asset based precious metal projects that demonstrate near term production potential and long-term sustainable growth.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
For further information, please contact
Colin Clancy at Telephone: 604-601-3656
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Cautionary Note to US Investors:This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.