April 30, 2012
Vancouver,
B.C. - Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to
announce results from core holes 11 through 17 as part of its Phase II, 20,000
foot (6500 meter) in-fill 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 with current drill results that
demonstrate the gold and silver-bearing epithermal system continues to broaden
westward, extending an additional 1000 feet from our existing NI 43-101 gold
resource. Equally encouraging, the higher-grade zones encountered, occur within
a series of thick mineralized intersections that continue to average above
internal cut-off grades, remaining open to the west and at depth. Importantly,
as we continue our resource expansion to the west, we are encountering the same
type of higher-grade zones and consistent internal gold distribution that was
instrumental in developing our initial NI 43-101 gold resource.”
To date, the Company has reported on 35
holes of its Phase II in-fill drill and resource expansion program to test the
western extension of the Moss Gold-Silver Project. Included in the total are 18
RC (reverse circulation) drill holes and 17 diamond drill (core) holes. Phase
II drilling on the western extension is now complete and results for the
remaining six holes of the program are expected in the near future.
|
Metric
|
Imperial
|
||||||||||
|
Hole
|
Intvl
|
AuEq¹
|
From
|
To
|
Au
|
Ag
|
True Width²
|
Intvl
|
AuEq¹
|
True Width²
|
|
|
(m)
|
(gpt)
|
(m)
|
(m)
|
(gpt)
|
(gpt)
|
(m)
|
(ft)
|
(opt)
|
(ft)
|
||
|
AR-140C
|
1.52
|
1.44
|
14.94
|
16.46
|
1.43
|
0.4
|
1.17
|
5
|
0.042
|
3.8
|
|
|
AR-140C
|
39.47
|
0.4
|
31.85
|
71.32
|
0.3
|
4.1
|
30.24
|
129.5
|
0.012
|
99.2
|
|
|
AR-140C
|
1.52
|
0.44
|
83.52
|
85.04
|
0.36
|
3.3
|
1.17
|
5
|
0.013
|
3.8
|
|
|
AR-140C
|
50.29
|
0.89
|
89.61
|
139.9
|
0.48
|
16.3
|
38.53
|
165
|
0.026
|
126.4
|
|
|
incl.
|
20.12
|
1.67
|
93.88
|
114
|
0.85
|
33
|
15.41
|
66
|
0.049
|
50.6
|
|
|
AR-140C
|
10.67
|
0.43
|
150.57
|
161.24
|
0.35
|
3.4
|
8.17
|
35
|
0.013
|
26.8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AR-148C
|
1.22
|
0.37
|
7.62
|
8.84
|
0.34
|
1.2
|
1.08
|
4
|
0.011
|
3.5
|
|
|
AR-148C
|
3.11
|
0.53
|
17.62
|
20.73
|
0.37
|
6.4
|
2.75
|
10.2
|
0.015
|
9
|
|
|
AR-148C
|
1.52
|
1.08
|
28.35
|
29.87
|
1.05
|
1.2
|
1.35
|
5
|
0.031
|
4.4
|
|
|
AR-148C
|
1.52
|
0.33
|
55.78
|
57.3
|
0.16
|
6.8
|
1.35
|
5
|
0.01
|
4.4
|
|
|
AR-148C
|
18.14
|
0.82
|
65.07
|
83.21
|
0.7
|
4.5
|
16.01
|
59.5
|
0.024
|
52.5
|
|
|
incl.
|
13.56
|
0.97
|
65.07
|
78.64
|
0.85
|
4.9
|
11.98
|
44.5
|
0.028
|
39.3
|
|
|
AR-148C
|
15.24
|
0.54
|
93.88
|
109.12
|
0.33
|
8.2
|
13.46
|
50
|
0.016
|
44.1
|
|
|
AR-148C
|
1.22
|
0.32
|
115.52
|
116.74
|
0.25
|
3
|
1.08
|
4
|
0.009
|
3.5
|
|
|
AR-148C
|
1.62
|
0.33
|
119.94
|
121.55
|
0.26
|
2.9
|
1.43
|
5.3
|
0.01
|
4.7
|
|
|
AR-148C
|
4.57
|
1.56
|
122.83
|
127.41
|
1.23
|
13.1
|
4.04
|
15
|
0.045
|
13.2
|
|
|
AR-148C
|
5.94
|
0.32
|
141.28
|
147.22
|
0.31
|
0.4
|
5.25
|
19.5
|
0.009
|
17.2
|
|
|
Metric
|
|
Imperial
|
||||||||||||
|
Hole
|
Intvl
|
AuEq¹
|
From
|
To
|
Au
|
Ag
|
True Width²
|
|
Intvl
|
AuEq¹
|
True Width²
|
|||
|
(m)
|
(gpt)
|
(m)
|
(m)
|
(gpt)
|
(gpt)
|
(m)
|
|
(ft)
|
(opt)
|
(ft)
|
||||
|
AR-153C
|
2.29
|
0.33
|
26.21
|
28.5
|
0.29
|
1.5
|
0.55
|
7.5
|
0.01
|
1.8
|
||||
|
AR-153C
|
3.35
|
0.37
|
43.89
|
47.24
|
0.34
|
1.3
|
0.81
|
11
|
0.011
|
2.7
|
||||
|
AR-153C
|
1.52
|
0.62
|
86.26
|
87.78
|
0.53
|
3.9
|
0.37
|
5
|
0.018
|
1.2
|
||||
|
AR-153C
|
3.05
|
0.45
|
104.55
|
107.59
|
0.41
|
1.5
|
0.74
|
10
|
0.013
|
2.4
|
||||
|
AR-153C
|
3.05
|
0.6
|
149.96
|
153.01
|
0.44
|
6.4
|
0.74
|
10
|
0.017
|
2.4
|
||||
|
AR-153C
|
1.52
|
0.42
|
162.46
|
163.98
|
0.3
|
5
|
0.37
|
5
|
0.012
|
1.2
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
AR-157C
|
24.38
|
0.39
|
6.1
|
30.48
|
0.3
|
3.7
|
23.32
|
80
|
0.011
|
76.5
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
AR-158C
|
12.8
|
0.67
|
3.05
|
15.85
|
0.57
|
4.1
|
12.52
|
42
|
0.02
|
41.1
|
||||
|
incl.
|
1.22
|
2.24
|
10.67
|
11.89
|
2.22
|
0.8
|
1.19
|
4
|
0.065
|
3.9
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
AR-160C
|
19.2
|
0.43
|
0
|
19.2
|
0.28
|
6.1
|
18.04
|
63
|
0.013
|
59.2
|
||||
|
AR-160C
|
1.52
|
0.46
|
28.35
|
29.87
|
0.33
|
5.2
|
1.43
|
5
|
0.013
|
4.7
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
AR-161C
|
1.52
|
0.41
|
25.3
|
26.82
|
0.39
|
0.8
|
Unknown
|
5
|
0.012
|
Unknown
|
||||
|
AR-161C
|
12.19
|
0.57
|
61.87
|
74.07
|
0.54
|
1.2
|
Unknown
|
40
|
0.017
|
Unknown
|
||||
|
incl.
|
2.74
|
1.47
|
63.4
|
66.14
|
1.44
|
1.4
|
Unknown
|
9
|
0.043
|
Unknown
|
||||
|
AR-161C
|
0.76
|
0.35
|
114.45
|
115.21
|
0.31
|
1.3
|
Unknown
|
2.5
|
0.01
|
Unknown
|
||||
|
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 (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 / 1-855-633-8798
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 09
