VANCOUVER, British Columbia,
April 30, 2012 /PRNewswire/ --
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
True True
Hole Intvl AuEq(1) From To Au Ag Widthsquared Intvl AuEq(1) Widthsquared
(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
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
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"
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.
For further information:
please contact Investor Relations at: +1-604-601-3656 /
+1-855-633-8798
or visit http://www.northernvertex.com
(NEE. NHVCF)
