Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to announce effective immediately, Dr. Bob Thompson has been appointed to the position of Chief Geologist. Dr. Thompson will be responsible for directing and overseeing the multi-phase 25,000 foot confirmation in-fill and reserve definition drilling program that recently commenced on the Company's Moss gold-silver property in the historic Oatman Mining district, Northwestern Arizona.
Dr. Thompson is a highly respected and accomplished Geologist who brings Northern Vertex over 37 years of technical, management and geological modeling experience in Canada, the U.S. and abroad. Stated Northern Vertex Director Joe Bardswich, "We are very pleased to welcome Dr. Bob Thompson to the Northern Vertex team. Bob is a high caliber geologist and his extensive geological and technical experience will play a vital role in the success of our programs going forward as we continue to target near-term production on the Moss Gold-Silver project".
Among his credentials, over an18 year period Dr. Thompson held several senior positions with the Geological Survey of Canada, specializing in mapping, structural analysis and resource evaluation. His pioneering approach paved the way to new exploration models in the Canadian Cordillera.
During his tenure with the GSC, Dr. Thompson led several large multi disciplinary projects including a 40 person investigation of the mineral and petroleum potential of the Queen Charlotte Islands region. His scientific and leadership contributions led to his appointment as Senior Advisor to the Deputy Minister of Energy Mines and Petroleum Resources in 1991. He then returned to the "field" as leader of multiparameter regional mapping and resource evaluation projects under the auspices of GSC's Frontier Geoscience Program.
Dr. Thompson chaired the 1990 annual convention of the Geological Association of Canada and represented PCIAC (PetroCanada International Aid Corporation) as a consultant to the Bolivian government on mineral and petroleum potential of that country. He is also the author of over 75 peerreviewed publications in the geologic and mining sector.
Among several awards to his credit, Dr. Thompson is a recipient of the prestigious RJW Douglas Medal from the Canadian Society of Petroleum Geologists for contributions to the structural and stratigraphic understanding of Canada's western sedimentary basin. Dr. Thompson received his BSc Degree (Honors) from Queen's University in 1968 followed by a PhD in 1972.
Northern Vertex has also issued a total of 250,000 incentive stock options exercisable for a period of five years at $1.15 per share to consultants of the company.
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. 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
"Joseph Bardswich"
Director
For further information, please visit www.northernvertex.com
or 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.