VANCOUVER, British Columbia,
April 2, 2012 /PRNewswire/ --
Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is
pleased to announce results from core holes 5 through 10 as part of
a Phase II, 20,000 foot (6500 meter) infill drill and resource
expansion program to test the western extension of the Moss
stockwork Gold-Silver vein system in Mohave County, Northwestern Arizona.
States Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased with current
results. Five out of 6 drill holes returned high-grade intercepts
including: 6.26 gpt Gold Equivalent¹ over 1.68 meters, 5.37 gpt
Gold eqv over 1.83 meters, 4.03 gpt Gold eqv over 1.22 meters and
3.61 gpt Gold eqv over 4.57 meters. Results confirm the Gold
mineralization along Moss's western extension is expanding and
robust. Significantly, the high-grade zones are contained within
larger mineralized intersections which are above internal cut-off
grades and are expected to play a key factor in adding additional
tonnage and ounces to our current 43-101 Gold-Silver resource."
To date, the Company has completed 28 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 drill holes and 10 diamond drill (core) holes. The
Company reports Phase II drilling on the western extension is now
complete. Results from the final holes of the program are expected
in the near future.
Metric Imperial
True True
Hole Intvl AuEq(1) From To Au Ag Width(2) Intvl AuEq(1) Width(2)
(m) (gpt) (m) (m) (gpt) (gpt) (m) (ft) (opt) (ft)
AR-143C 13.72 0.52 5.49 19.20 0.39 5.3 Unknown 45.0 0.015 Unknown
incl. 1.52 2.28 13.11 14.63 1.53 29.7 Unknown 5.0 0.066 Unknown
AR-143C 1.52 0.54 25.30 26.82 0.48 2.4 Unknown 5.0 0.016 Unknown
AR-143C 7.62 0.34 29.87 37.49 0.26 3.1 Unknown 25.0 0.010 Unknown
AR-143C 21.18 0.51 42.06 63.25 0.40 4.2 Unknown 69.5 0.015 Unknown
AR-143C 21.34 0.90 69.49 90.83 0.54 14.1 Unknown 70.0 0.026 Unknown
incl. 1.68 6.26 86.26 87.93 3.10 126.2 Unknown 5.5 0.182 Unknown
AR-143C 1.52 0.50 96.93 98.45 0.34 6.4 Unknown 5.0 0.014 Unknown
AR-143C 3.05 0.46 104.55 107.59 0.43 1.4 Unknown 10.0 0.013 Unknown
AR-149C 11.40 1.08 0.00 11.40 0.75 13.3 10.90 37.4 0.031 35.8
incl. 1.37 3.01 2.96 4.33 2.30 28.6 1.31 4.5 0.088 4.3
AR-149C 0.76 0.41 23.16 23.93 0.29 4.5 0.73 2.5 0.012 2.4
AR-149C 2.74 0.37 41.76 44.50 0.33 1.6 2.62 9.0 0.011 8.6
AR-149C 1.52 2.50 60.05 61.57 2.28 8.6 1.46 5.0 0.073 4.8
AR-151C 15.85 0.44 11.89 27.74 0.33 4.1 14.12 52.0 0.013 46.3
AR-152C 23.01 0.38 15.09 38.10 0.30 3.2 14.79 75.5 0.011 48.5
AR-152C 10.21 0.34 42.37 52.58 0.27 2.7 6.56 33.5 0.010 21.5
AR-152C 77.72 0.66 58.83 136.55 0.51 6.1 49.96 255.0 0.019 163.9
incl. 4.57 3.61 60.35 64.92 2.19 57.0 2.94 15.0 0.105 9.6
AR-154C 14.94 0.35 29.87 44.81 0.32 1.1 7.91 49.0 0.010 26.0
AR-154C 15.24 0.40 57.30 72.54 0.38 1.0 8.08 50.0 0.012 26.5
AR-154C 1.22 0.43 83.52 84.73 0.42 0.4 0.65 4.0 0.013 2.1
AR-154C 76.20 0.62 90.83 167.03 0.52 3.8 40.38 250.0 0.018 132.5
incl. 1.83 5.37 160.02 161.85 5.27 4.0 0.97 6.0 0.157 3.2
AR-154C 1.52 0.39 189.89 191.41 0.21 7.0 0.81 5.0 0.011 2.6
AR-154C 1.83 0.46 195.99 197.82 0.28 6.9 0.97 6.0 0.013 3.2
AR-154C 1.52 0.41 203.61 205.13 0.29 5.1 0.81 5.0 0.012 2.6
AR-154C 1.22 0.41 210.01 211.23 0.38 0.9 0.65 4.0 0.012 2.1
AR-154C 0.91 0.38 212.45 213.36 0.27 4.3 0.48 3.0 0.011 1.6
AR-156C 15.24 0.41 7.92 23.16 0.30 4.1 9.17 50.0 0.012 30.1
AR-156C 1.22 4.03 40.84 42.06 0.16 154.8 0.73 4.0 0.118 2.4
AR-156C 1.52 0.40 49.68 51.21 0.37 0.9 0.92 5.0 0.012 3.0
AR-156C 4.57 0.32 52.73 57.30 0.29 1.1 2.75 15.0 0.009 9.0
(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
http://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"
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.
For further information: please
visit http://www.northernvertex.com; or Investor Relations at:
+1-604-601-3656
