VANCOUVER, Aug. 16, 2011 /PRNewswire/ - Northern Vertex
Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to
announce results from an additional 7 holes of its 27,000 foot
drilling program on the Moss Gold-Silver Project situated in the
historic Oatman Mining district in Mohave
County, Northwestern
Arizona.
States Northern Vertex Chief Geologist Dr.
Bob Thompson. "We are very pleased
and encouraged with current assays from drilling that continue to
meet or surpass historical drill results where 30 to 50 meter
intervals of 1+ gram gold were reported. Significantly, six of the
seven holes (table below) returned intersections of 1+ gpt Au
equivalents, and the 3+, 4+ and 5+ gpt intervals portend high-grade
zones within the deposit, further demonstrating the consistently
and geologically robust nature of the Moss epithermal gold-silver
system."
Assays received from holes 22 through 28 further
validate and build on results reported May
19th, June
22nd and July
21st (2011) for the first 21 holes of the phase 1
program.
Phase 1 drill results will be used in
conjunction with the 305 historical holes previously drilled on the
property between 1982 and 2008 to calculate an indicated resource
that is NI 43-101 compliant.
| Metric |
|
|
Imperial |
| Hole ID |
Interval
(Intvl)
(m) |
Grade
*AuEq
(gpt) |
From
(m)
|
To
(m)
|
Au
(gpt)
|
Ag
(gpt)
|
True
Width
(M) |
|
Intvl
(ft)
|
Grade
*AuEq
(opt) |
True
Width
(ft) |
| AR-91R |
39.62 |
1.18 |
6.1 |
45.72 |
0.82 |
14.5 |
35.9 |
|
130 |
0.034 |
117.8 |
| including |
21.33 |
1.82 |
6.1 |
27.43 |
1.25 |
22.8 |
19.3 |
|
70 |
0.053 |
63.4 |
| including |
4.57 |
4.97 |
22.86 |
27.43 |
3.46 |
60.5 |
4.1 |
|
15 |
0.145 |
13.6 |
| AR-92R |
19.81 |
1.8 |
19.81 |
39.62 |
1.19 |
24.3 |
18 |
|
65 |
0.052 |
58.9 |
| including |
7.62 |
3.1 |
32 |
39.62 |
2.05 |
42.2 |
6.9 |
|
25 |
0.091 |
22.7 |
| AR-93R |
3.05 |
3.11 |
30.48 |
33.53 |
2.06 |
41.7 |
2.8 |
|
10 |
0.091 |
9.1 |
| AR-95R |
28.96 |
0.41 |
32 |
60.96 |
0.22 |
7.4 |
26.2 |
|
95 |
0.012 |
86.1 |
| including |
3.05 |
1.07 |
57.91 |
60.96 |
0.54 |
20.9 |
2.8 |
|
10 |
0.031 |
9.1 |
| AR-96R |
12.2 |
1.02 |
54.86 |
67.06 |
0.88 |
5.4 |
6.1 |
|
40 |
0.03 |
20 |
| AR-97R |
25.9 |
1.04 |
28.96 |
54.86 |
0.82 |
8.9 |
13 |
|
85 |
0.03 |
42.5 |
| including |
10.67 |
1.81 |
38.1 |
48.77 |
1.44 |
14.9 |
5.3 |
|
35 |
0.053 |
17.5 |
| AR-98R |
22.86 |
3.09 |
15.24 |
38.1 |
2.55 |
21.6 |
21.5 |
|
75 |
0.09 |
70.5 |
| including |
12.19 |
5.02 |
21.34 |
33.53 |
4.22 |
32 |
11.5 |
|
40 |
0.146 |
37.6 |
* AuEq (gpt) = Au (gpt) + 1/40th Ag
(gpt)
* Estimated True Width calculated using 70 degree dip to zones
of mineralization, it ranges from 40 to 94%;
* opt = troy ounces / short ton
*gpt = grams / metric tonne
The foregoing geological disclosure has been
reviewed Dr. Bob Thompson, PhD P.Eng
(a qualified person for the purpose of National Instrument 43-101,
Standards of Disclosure for Mineral Projects).
For full QC/QA procedures please visit
www.northernvertex.com/QCQA.html
For complete drill results and estimates please
visit www.northernvertex.com/extras/drillresults.pdf
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 gold projects that demonstrate near
term production potential and long-term sustainable growth.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"Joseph Bardswich"
Director
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.
SOURCE Northern Vertex Inc.
