May 16, 2012
|
May
16, 2012
Northern Vertex Hits 17 Metres
of 1.03 gpt Gold Eqv and 15 Metres of 1.04 gpt Gold Eqv as Drilling Continues
to Expand Western Ext. of Moss Gold-Silver Project
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
|
AuEq¹
|
From
|
To
|
Au
|
Ag
|
True
Width²
|
|
Intvl
|
AuEq¹
|
True
Width²
|
|
(m)
|
(gpt)
|
(m)
|
(m)
|
(gpt)
|
(gpt)
|
(m)
|
|
(ft)
|
(opt)
|
(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
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
