Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to announce results from core holes 18 through 23 as part of its Phase II, 20,000 foot (6500 metres) infill drill and resource expansion program to test the western extension of the Moss Gold-Silver Project's stockwork vein system in Mohave County, Northwestern Arizona.
States Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased to report that Phase II drill results have further extended mineralization on the western extension at Moss. The gold/silver mineralized structure now spans 6,000 ft on strike, remaining open to the West, East and at depth. High-grade feeder veins were intersected to the south and are believed to be associated with historic mining activity dating back to the early 1900's.
"Overall, results further confirm that the Western Extension at Moss contains remarkably uniform gold and silver distribution over substantial widths. We continue to encounter multi-metre, 1+ gpt Gold Eqv intervals and multi-gram hot spots, contained within 40+metre intersections, running well above internal cut-off grades. It is this type of consistent mineralization that will undoubtedly play a vital role in boosting the overall size and tonnage of the contained Gold-Silver resource at Moss, as we continue our expansion west of our current NI 43-101 Gold-Silver resource."
Results have now been reported for all Phase II drilling: 18 RC (reverse circulation) drill holes and 23 diamond drill (core) holes. Table of Results follows
| Metric | Imperial | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hole | Intvl (m) | AuEq1 (gpt) | From (m) | To (m) | Au (gpt) | Ag (gpt) | True Width2 (m) | Intvl (ft) | AuEq1 (opt) | True Width2 (ft) | ||||
| AR-141C | 42.06 | 0.71 | 0 | 42.06 | 0.65 | 2.2 | 34.5 | 138.0 | 0.021 | 113 | ||||
| incl. | 9.14 | 1.42 | 2.44 | 11.58 | 1.35 | 2.9 | 7.5 | 30.0 | 0.041 | 24.6 | ||||
| AR-141C | 52.27 | 0.57 | 62.94 | 115.21 | 0.44 | 5.0 | 42.8 | 171.5 | 0.017 | 140.5 | ||||
| incl. | 1.52 | 2.67 | 87.78 | 89.31 | 2.46 | 8.3 | 1.2 | 5.0 | 0.078 | 4.1 | ||||
| AR-144C | 17.07 | 1.03 | 0 | 17.07 | 0.91 | 4.9 | 16.5 | 56.0 | 0.030 | 54.1 | ||||
| incl. | 1.37 | 5.09 | 2.44 | 3.81 | 4.45 | 25.3 | 1.3 | 4.5 | 0.148 | 4.3 | ||||
| AR-144C | 43.28 | 0.68 | 35.36 | 78.64 | 0.55 | 5.1 | 41.8 | 142.0 | 0.020 | 137.2 | ||||
| AR-144C | 0.76 | 0.99 | 151.18 | 151.94 | 0.66 | 13.2 | 0.7 | 2.5 | 0.029 | 2.4 | ||||
| AR-146C | 12.19 | 0.39 | 7.32 | 19.51 | 0.32 | 3.0 | 11.2 | 40.0 | 0.011 | 36.8 | ||||
| AR-146C | 1.52 | 2.05 | 53.04 | 54.56 | 2.03 | 0.8 | 1.4 | 5.0 | 0.060 | 4.6 | ||||
| AR-150C | 13.56 | 0.39 | 93.12 | 106.68 | 0.23 | 6.5 | 5.5 | 44.5 | 0.011 | 18.1 | ||||
| AR-150C | 43.89 | 0.42 | 126.49 | 170.38 | 0.33 | 3.8 | 17.9 | 144.0 | 0.012 | 58.6 | ||||
| AR-150C | 35.36 | 0.57 | 178.00 | 213.36 | 0.44 | 5.2 | 14.4 | 116.0 | 0.017 | 47.2 | ||||
| AR-155C | 15.54 | 0.37 | 15.85 | 31.39 | 0.29 | 3.0 | 3.5 | 51.0 | 0.011 | 11.5 | ||||
| AR-159C | 9.14 | 1.02 | 0 | 9.14 | 0.44 | 23.5 | 5.0 | 30.0 | 0.030 | 16.3 | ||||
| incl. | 1.52 | 3.11 | 0 | 1.52 | 0.56 | 101.9 | 0.8 | 5.0 | 0.091 | 2.7 | ||||
| AR-159C | 30.18 | 0.39 | 21.34 | 51.51 | 0.27 | 4.9 | 16.4 | 99.0 | 0.011 | 53.9 | ||||
| AR-159C | 15.54 | 1.04 | 74.37 | 89.92 | 0.71 | 13.2 | 8.5 | 51.0 | 0.030 | 27.8 | ||||
1 AuEq (gpt) = Au (gpt) + 1/40 x Ag (gpt)
2 True Width estimated using 70 degree dip to zones of mineralization
opt = troy ounces / short ton (2000 lbs); gpt = grams / metric tonne (1000 kg)
The geological disclosure in this press release has been reviewed and verified by Northern Vertex's Chief Geologist, Dr. Bob Thompson, PhD P.Eng.(a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects).
All analyses were performed by Inspectorate America, Reno, using industry standard protocols. For full QC/QA procedures please visit www.northernvertex.com/QCQA.html
Northern Vertex has the right to earn a 70% interest in the historic Moss Gold-Silver Property located in Mohave County, Arizona from Patriot Gold Corp. Subsequent to the Northern Vertex earn-in, financing of project will be on a proportional basis.
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
"Joseph Bardswich"
Director
For further information, please contact Investor Relations at: 604-601-3656
or visit: www.northernvertex.com
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 11