Northern Vertex Announces Results From First 33 Holes of 10,000 Meter Drill and Resource Definition Program at Lemhi Gold Project, Idaho

Oct 19, 2012  Share:  Share on Facebook   Share on Twitter   Share on Google Plus   Share on LinkedIn

Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to announce assay results from the first 33 drill holes of its Phase I, 10,000 meter drill program at its Lemhi Gold Project located 25 miles north of Salmon, Idaho. The current program is designed to confirm and validate historic results derived from previous drilling conducted on the property.

Two sets of results are recorded in the attached table: 1) infill and incremental step-out holes designed to better-define the known deposit and to begin probing its lateral extent; and 2) results from a twin program designed to validate historical results and to calibrate between core and reverse circulation (RC) values.

States Northern Vertex's Chief Geologist, Bob Thompson, PhD, PEng: "We are pleased with initial assays from the first phase of our program. Importantly, results indicate gold mineralization is far more widespread than originally thought. This is demonstrated in holes such as LGT12-064R which intersected 4.57 m grading 4.35 gpt gold followed by 41.15 m grading 1.19 gpt gold (ref. table); one of the 4 mineralized intersections in hole LGT12-015C comprises 16.76 m grading 2.62 gpt gold including 3.05 m grading 12.37 gpt gold; hole LGT12-023C intersected 30 m grading 1.06 gpt gold. These values provide valuable infill data and indicate incremental southward extension of the main zone of mineralization at Lemhi."

Results are presented in the attached table:
Drill Hole Results

MetricImperial
HoleIntvlFromToAu¹IntvlAu¹
(m)(m)(m)(gpt)(ft)(opt)
LGT12-013C1.5266.4567.971.105.00.032
LGT12-013C1.52127.41128.931.235.00.036
LGT12-013C3.05150.27153.310.9010.00.026
LGT12-013C1.37185.32186.692.674.50.078
LGT12-014C10.3661.5771.933.4634.00.101
incl.4.2767.6771.937.2414.00.211
LGT12-015C16.7632.9249.682.6255.00.076
incl.3.0532.9235.9712.3710.00.361
LGT12-015C5.49109.12114.612.0818.00.061
LGT12-015C13.26124.36137.620.5643.50.016
LGT12-015C8.69144.17152.860.8228.50.024
LGT12-017C4.5777.4281.990.7915.00.023
LGT12-017C16.0092.66108.661.6052.50.047
incl.9.1492.66101.802.4030.00.070
LGT12-017C50.60116.74167.340.67166.00.020
LGT12-018C3.2341.8245.051.2210.60.036
LGT12-018C10.8255.7866.600.6235.50.018
incl.0.6161.8762.484.672.00.136
LGT12-018C10.67144.17154.840.6935.00.020
LGT12-019C2.7416.7619.511.129.00.033
LGT12-019C1.0724.5425.602.713.50.079
LGT12-019C5.7934.1439.931.2119.00.035
Drill Hole Results
LGT12-019C13.5698.76112.320.8744.50.025
LGT12-019C12.50123.75136.251.6741.00.049
incl.3.96132.28136.253.2513.00.095
LGT12-019C1.52219.15220.681.575.00.046
LGT12-023C

8.54123.14131.670.7128.00.021
LGT12-023C29.87137.16167.031.0698.00.031
incl.6.10138.38144.482.3720.00.069
LGT12-023C9.30168.71178.000.9830.50.029
LGT12-027C9.4568.2877.721.5631.00.046
incl.1.5272.0973.616.535.00.190
LGT12-027C23.93106.83130.760.6578.50.019
incl.3.96106.83110.792.0013.00.058
LGT12-027C26.97136.86163.830.7588.50.022
1.52144.48146.004.895.00.143
LGT12-027C1.37187.60188.981.264.50.037
LGT12-064R4.5721.3425.914.3515.00.127
LGT12-064R41.1588.39129.541.19135.00.035
incl.12.19105.16117.352.2440.00.065
LGT12-064R9.14131.06140.210.9330.00.027
LGT12-064R21.34149.35170.690.6870.00.020
incl.4.57156.97161.541.6615.00.048
LGT12-065R25.919.1435.050.6785.00.019
LGT12-065R15.24102.11117.350.5250.00.015
LGT12-066R1.5242.6744.205.245.00.153

LGT12-066R

32.00

121.92

153.92

1.53

105.0

0.045

incl.

4.57

131.06

135.64

3.82

15.0

0.111

LGT12-066R

22.86

160.02

182.88

0.94

75.0

0.027

LGT12-073R

12.19

30.48

42.67

2.06

40.0

0.060

incl.

6.10

32.00

38.10

3.58

20.0

0.104

LGT12-074R

1.52

36.58

38.10

1.31

5.0

0.038



Twin Holes

MetricImperial
HoleIntvlFromToAu¹IntvlAu¹
(m)(m)(m)(gpt)(ft)(opt)
LGT12-001C51.8225.6077.420.11170.00.003
9502751.8225.9177.720.17170.00.005
LGT12-002C155.913.81159.720.59511.50.017
LGT12-067R155.454.57160.020.49510.00.014
86069155.454.57160.020.93510.00.027
LGT12-003C142.9510.06153.010.70469.00.020
LGT12-063R143.269.14152.400.71470.00.021
87036143.269.14152.401.09470.00.032
LGT12-004C193.703.35197.050.74635.50.021
LGT12-060R193.553.05196.600.80635.00.023
93004193.553.05196.601.80635.00.053
LGT12-005C187.152.90190.040.72614.00.021
LGT12-061R187.453.05190.500.74615.00.021
86035187.453.05190.500.96615.00.028
LGT12-006C148.593.51152.100.40487.50.012
LGT12-062R149.353.05152.400.43490.00.012
85007149.353.05152.401.06490.00.031
C1148.443.35151.790.66487.00.019
LGT12-007C195.071.22196.290.45640.00.013
93024195.071.52196.600.62640.00.018
LGT12-008C174.0410.06184.100.32571.00.009
LGT12-070R173.749.14182.880.26570.00.007
93008173.749.14182.880.48570.0

0.014
LGT12-009C200.4113.41213.820.38657.50.011
LGT12-071R199.6413.72213.360.21655.00.006
94003199.6413.72213.360.37655.00.011
LGT12-010C180.142.13182.270.74591.00.022
LGT12-072R179.831.52181.360.56590.00.016
93002179.831.52181.361.81590.00.053
LGT12-011C152.866.86159.721.06501.50.031
LGT12-069R153.926.10160.020.56505.00.016
86004153.926.10160.020.66505.00.019
LGT12-016C42.6743.5986.260.43140.00.012
9503342.6744.2086.870.50140.00.014
LGT Core hole
LGT RC Hole
Historical RC Hole
Historical Core Hole

1 True Width estimated to be similar to drilled intervals due to sub-horizontal zones of mineralization
opt = troy ounces / short ton (2000 lbs)
gpt = grams / metric tonne (1000 kg)


The Lemhi Property
The Lemhi Property consists of contiguous patented mining claims comprising 613 acres located in Sections 4, 5, 8 and 9 of T25N, R21E and Sections 28, 29, 32 and 33 of T26N, R21E in Lemhi County, Idaho. It was consolidated from numerous underlying property holders providing Northern Vertex with an interest in a newly consolidated regional exploration opportunity.

The geological disclosure in this press release 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).

About Northern Vertex: 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 gold projects that demonstrate near term production potential and long-term sustainable growth.

ON BEHALF OF THE BOARD OF NORTHERN VERTEX

"Kenneth Berry", President & CEO

For further information, please visit www.northernvertex.com
or contact Investor Relations at: 604-601-3656 or at 1-855-633-8798.

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.

2012 number 19