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."

Kootenay Gold Initiates Geotechnical, Hydrogeologic, Environmental Baseline and Metallurgical Studies to Accelerate Development of Promontorio Silver Project

  
Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce the Company has contracted U.S. based companies Hatch Engineering out of Scottsdale, Arizona and Sanguaro Geosciences Inc., as well as Canadian based G&T Metallurgical Services Ltd and independent Consulting Engineer Patricia Aguayo Hurtado to conduct preliminary environmental baseline, scoping studies and metallurgical work with respect to the Company's plans to proceed with a pre-feasibility study and mine modeling analysis on the Company's Promontorio Silver Project in Sonora, Mexico.

Eric Sprott - From Here Silver is a 30 Bagger to $1,200

With stocks plunging and gold and silver still consolidating recent gains, today King World News interviewed billionaire Eric Sprott, Chairman of the $10 billion strong Sprott Asset Management to get his take on the action.  When asked about gold Sprott replied, “I think it’s explosive.  As you know James Sinclair said, ‘When it goes through $1,764 it’s going to $12,000,’ and I for one am not ruling out that kind of development here.  It could be very explosive as more and more people worry about one, fiat currencies, two, sovereign debt and three, bank deposits.  It would take very little to spill into gold to make a dramatic difference in where the price will be.”

Drilling Success Continues at Promontorio as Kootenay Hits 205 meters of 117 gpt Silver Equivalent in Step-Out Drilling in Southwest Zone

Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from the first seven holes of its ongoing 25,000 meter multi-phase drilling program on its Promontorio Silver project in Sonora, Mexico.

Results include three holes (DH 54 to 56) of in-fill drilling of the Pit Resource and four holes (DH 58 to 61) into the Southwest Zone outside of the Pit Resource designed to confirm continuity between the two mineralized areas. Results from the first seven holes demonstrate widely disseminated Zones of silver mineralization extend beyond current resource boundaries and continuation of higher grades within the Pit Resource.

States Kootenay President and CEO James McDonald "We are very pleased with results from the first seven holes of our 25,000 meter drill program. Not only is diamond drilling continuing to hit higher grades of silver at depth where previous drilling bottomed out in silver mineralization within the Pit resource itself, equally important to our resource expansion program, we are seeing continuity of silver mineralization developing in the Southwest Zone from step-out drilling that returned impressive intervals and grades of widespread silver mineralization extending to depth".

Globe and Mail: Think Gold May Lose Some Lustre? Eric Sprott Sees a Silver Lining

Eric Sprott, the perennial gold enthusiast, has his sights set on a new precious metal.
Mr. Sprott’s charitable organization, The Sprott Foundation, is selling two million units of its gold holdings and using the money to buy silver.
The move comes as gold veers close to $1,800 (U.S.) per ounce, and less than a week after Mr. Sprott had declared the metal “the investment of the last decade” in an interview with GoldMoney Foundation. “I think silver is going to be the investment of this decade.”

Since the commodity boom kicked into high gear last fall, Mr. Sprott has been touting silver’s merits. To demonstrate his conviction, he set up and invested his own money in the exchange-traded Sprott Physical Silver Trust (PHS.U-T19.40-0.93-4.57%), which buys silver bullion and stores it at the Royal Canadian Mint. Investors in the trust can cash in their units, or take delivery of silver in physical form if they wish.
He also launched a Silver Bullion Fund that enables investors to speculate on the metal’s market price, but without the physical redemption option.

Investorplace: China’s New Futures Market Will Lift Silver

Why Hong Kong Mercantile Exchange is a game-changer

By Keith Fitz-Gerald

If you’re still bearish on long-term silver prices, you’d better reconsider your stance.
Dollar-denominated Chinese silver futures were scheduled to begin trading on the Hong Kong Mercantile Exchange early today. This development will grant Asian investors direct access to the metal and will blunt the U.S. dominance in silver-bullion trading.
It’s also highly bullish for long-term silver prices.
Let me explain …