Eric Sprott: "Forces are at Work that can Move the Prices Down."

At the Casey Research/Sprott Summit When Money Dies, Eric Sprott speaks with Louis James for this week's Conversation with Casey. Eric Sprott makes the case for precious metals investment. (10/19/11)

Northern Vertex Announces $12.65 Million Non-Brokered Private Financing

October 18, 2011

Northern Vertex Announces $12.65 Million Non-Brokered Private Financing

Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to announce a Non-Brokered private placement (the “Private Placement”) of up to approximately 11 million units (each “Unit”) at a purchase price of $1.15 per Unit, for aggregate gross proceeds to the Company of up to $12,650,000.

Northern Vertex Reports Significant NI 43-101 Resource of 590,400 Ounces of Gold Equivalent Resources at the Moss Gold-Silver Project

Northern Vertex Reports Significant NI 43-101 Resource of 590,400 Ounces of Gold Equivalent Resources at the Moss Gold-Silver Project

Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to announce that it has obtained an independent resource estimate from the engineering firm Scott E. Wilson Consulting, Inc. (“SEWC”) with respect to its Moss Gold-Silver Project situated in the historic Oatman Mining district in Mohave County, Northwestern Arizona. The resource estimate was based on 288 exploration drill holes, 8 trenches and 53 channel samples of which 58 of the drill holes were part of a Northern Vertex Phase I drilling program recently conducted on the Moss Project.

Scott E. Wilson Consulting - October 2011 - Independent Resource Calculation

At a 0.3 gram per ton gold cutoff the current resource at Moss is reported as:

INDICATED RESOURCE at 0.3 g/t Au Cutoff
Tonnes	Grades (Grams/Tonne)1		Contained Metal (Ounces)2
x 1,000	Au	Ag	Au	Ag	Au Equivalent3
13,377	0.89	9.4	383,248	4,021,740	483,7924

INFERRED RESOURCE at 0.3 g/t Au Cutoff
Tonnes	Grades (Grams/Tonne)1		Contained Metal (Ounces)2
x 1,000	Au	Ag	Au	Ag	Au Equivalent3
4,731	0.55	6.2	83,124	940,164	106,6284

¹ Grams/Tonne = grams / metric tonne;

² ounces = troy ounces / short ton

³ AuEq (ozs) = Au (ozs) + 1/40th Ag (ozs)

⁴ Assumes 100% metallurgical recovery

Kootenay Gold: PROMONTORIO - Intercepts 47 Meters of 214.2 gpt Silver Eqv (84.47 gpt Ag, 3.04% Pb+Zn) and 54 meters of 197 gpt Silver Eqv (91.98 gpt Ag, 2.47% Pb+Zn) in NE Zone, 700 Meters from Current 43-101 Resource

High Grade Intervals Include 16 Meters of 492 gpt Silver Eqv (202.7 gpt Ag, 6.8% Pb+Zn) and 11 Meters of 480.6 gpt Silver Eqv (179.4 gpt Ag, 7.0% Pb+Zn) 

Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from its ongoing 25,000 meter, multi-phase drilling program on its Promontorio Silver project in Sonora, Mexico. At present, three diamond drill rigs are operating on site.

States Kootenay President and CEO James McDonald "We are extremely pleased with current drill results. Step out drilling returned multiple intercepts of high-grade silver mineralization in the Northeast Zone, which sits 700 meters outside of and on strike to the Company's established 43-101 Pit Resource. Equally critical to the current resource expansion program, hole DH 68 drilled in the Southwest expansion zone of the Pit Resource, returned widespread zones of medium to high-grade silver, showing excellent continuity of silver mineralization with the Pit Resource on strike and to depth, extending more than 50 meters outside the Pit Resource."