Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to announce results from an additional six holes of its 27,000 foot (8,300 meter) drilling program on the Moss Gold-Silver Project situated in the historic Oatman Mining district in Mohave County, Northwestern Arizona.
The Company reports drill results from the along-strike distribution of the six cored holes provide additional evidence that the Moss deposit has a consistent and reliable distribution of gold and silver along its strike length. Composites from the core holes are being utilized to perform metallurgical and environmental testwork in support of the Project's feasibility and permitting. The independent testwork is currently underway at Kappes Cassiday and Associates metallurgical complex, located in Reno, Nevada.
States Northern Vertex Chief Geologist Dr. Bob Thompson. "We are extremely pleased to see a distinct consistency and predictability of gold values materializing along the Moss stockwork gold-silver system's entire 5,000 foot (1+ km) strike length as we continue to meet or surpass historical drill results where 30 to 50 meter intervals of 1+ gram gold were reported."
"AR-76C, drilled near the eastern limit of the system, produced an impressive 24+ m intersection averaging 2.88 gpt gold equivalent -- including 6+ m averaging more than 8 gpt; AR-73C, located more than 1 km to the west, intersected 43.89 m averaging 2.76 gpt -- including 9.15 m averaging 5.22 gpt. The holes in between -- AR-72, AR-74 and AR-75 -- also yielded equally impressive values, highlighted by hole AR-74 which intersected 71+ m averaging 1.64 gpt gold equivalent -- including 12+ m exceeding 4.4 gpt". Further states Dr. Thompson
Assays received from holes 29 through 34 further validate and build on results reported May 19th, June 22nd , July 21st and August 16th (2011) for the first 28 holes of the phase 1 program.
Phase 1 drill results will be used in conjunction with the 305 historical holes previously drilled on the property between 1982 and 2008 to calculate an indicated resource that is NI 43-101 compliant.
| Metric | Imperial | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hole ID | Interval (Intvl) (m) | Grade *AuEq (gpt) | From (m) | To (m) | Au (gpt) | Ag (gpt) | True Width (M) | Intvl (ft) | Grade *AuEq (opt) | True Width (ft) | |
| AR-72C | 34.13 | 1.92 | 51.82 | 85.95 | 1.67 | 10.3 | 11.7 | 112 | 0.056 | 38.3 | |
| including | 5.03 | 6.65 | 78.03 | 83.06 | 6.3 | 14.1 | 1.7 | 17 | 0.194 | 5.6 | |
| AR-73C | 43.89 | 2.76 | 3.05 | 46.94 | 1.98 | 31.1 | 15 | 144 | 0.081 | 49.2 | |
| including | 9.15 | 5.22 | 32 | 41.15 | 3.52 | 67.8 | 3.1 | 30 | 0.152 | 10.3 | |
| AR-74C | 71.63 | 1.64 | 18.29 | 89.92 | 1.2 | 17.5 | 50.7 | 235 | 0.048 | 166.2 | |
| including | 12.95 | 4.49 | 70.87 | 83.82 | 3.24 | 49.8 | 9.2 | 42 | 0.131 | 30 | |
| AR-75C | 13.72 | 3.24 | 45.72 | 59.44 | 2.7 | 21.7 | 10.5 | 45 | 0.094 | 34.5 | |
| including | 4.57 | 6.86 | 53.34 | 57.91 | 5.69 | 46.5 | 3.5 | 15 | 0.2 | 11.5 | |
| AR-76C | 24.99 | 2.88 | 51.82 | 76.81 | 2.11 | 31.1 | 19.1 | 82 | 0.084 | 62.8 | |
| including | 6.71 | 8.38 | 70.1 | 76.81 | 6.45 | 77 | 5.1 | 22 | 0.244 | 16.9 | |
| AR-77C | 22.86 | 1.55 | 32 | 54.86 | 1.06 | 19.5 | 17 | 75 | 0.045 | 55.7 | |
* AuEq (gpt) = Au (gpt) + 1/40th Ag (gpt)
* Estimated True Width calculated using 70 degree dip to zones of mineralization, it ranges from 40 to 94%;
* opt = troy ounces / short ton
*gpt = grams / metric tonne
The foregoing geological disclosure has been reviewed Dr. Bob Thompson, PhD P.Eng (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects).
For full QC/QA procedures please visit www.northernvertex.com/QCQA.html
For complete drill results and estimates please visit www.northernvertex.com/extras/drillresults.pdf
Northern Vertex is a gold exploration and development company operating principally in the United States and 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 gold 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.
2011 number 16