December 5, 2011
Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to
announce a phase II drilling and development program is underway to include RC and Core drilling on its
Moss Gold-silver project situated in the historic Oatman Mining District in Southwestern Arizona. The
Company reports the first 4 holes of the program were recently completed, with pending assay results
expected imminently. Approximately 20,000 feet of drilling is planned for the phase II program.
The phase II program is designed to expedite the path to a production decision on the Moss Gold-Silver
Project and will include: A multi-phase drill program to test the newly discovered western extension of
the Moss deposit; infill drilling to render 'inferred resources' into the 'indicated resources' category;
continued scoping and baseline studies to advance the mine permitting process and; additional
metallurgical testing to further define precious metal recoveries.
The program is supported by the favorable conclusions returned from a recent Independent Resource
Calculation, dated October 14, 2011, conducted on the Moss Gold-Silver project by the engineering firm
Scott E. Wilson Consulting that estimated Moss contains a gold eqv. resource totaling 590,400 ounces.
(See SEWC chart)
States Moss Project Manager Joe Kircher, “We are very pleased to initiate our phase II program on Moss
as we continue to advance the project towards a production decision. As evidenced by the SEWC
resource estimate, Moss has already demonstrated consistent grades and remarkably uniform gold and
silver distribution across its entire stockwork gold-silver vein system and has the attributes to become a
substantial, near-term gold-silver producer. Through the current resource expansion program, we plan to
further boost and expand the attractive resource foundation we currently have in place. We will also
continue to develop our metallurgical, geotechnical, environmental, hydrological and economic scoping
data base as a precursor to future mine permitting and feasibility.”
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 Equivalent
3
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 Equivalent
3
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 Baseline and Scoping Studies Ongoing. Schlumberger Water Services (SWS) continues to provide environmental permitting, hydrogeology and engineering services in support of the permitting process and mine design required for proposed open pit/heap leach mine at the Moss property. In addition, confirmatory metallurgical test work on the Moss deposit, being overseen by Kappas Cassidy and Associates (KCA) is advancing well as expected. KCA is also completing environmental test work on
both ore and overburden to support geochemical modeling, along with developing initial process capital
and operating costs for future mine design and budgeting purposes.
The historic Oatman Mining District has produced over 2 million ounces of gold, mainly from high-grade
underground operations. The Historic Moss Mine Property was the site of sporadic high-grade mining
dating back to the late 18th century. Historic workings are evident throughout the property and the
likelihood of finding additional mineralization is considered excellent.
Located in a mining friendly jurisdiction in Arizona with very manageable permitting characteristics, the
Moss Project is readily amenable to open pit- heap leach mining.
The mineral resource estimate was completed by Mr. Scott E. Wilson, C.P.G. and Dr. Stewart D.
Redwood, FIMMM, of SEWC, an independent qualified resource evaluator; this estimate has an effective
date of October 14, 2011, and complies with National Instrument 43-101 for the Standard of Disclosure
for Mineral Projects as adopted by the Canadian Securities Regulators.
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).
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 (see news March 9th, 2011).
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 precious metal projects
that demonstrate near term production potential and long-term sustainable growth.
