Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to announce results from an additional three holes of its 27,000 foot (8,300 meter) drilling program on the Moss Gold-Silver Project situated in the historic Oatman Mining district in Mohave County, Northwestern Arizona.
The Company reports drill results from three holes distributed along the strike of the Moss deposit from near the eastern limit of drilling (AR-86), westward 500m. "We continue to be very pleased with both intersection widths and grades" states Northern Vertex Chief Geologist Dr. Bob Thompson, "hole AR-86R returned a 41+ m intersection grading 1.37 gpt gold equivalent (ref. table below) supporting the understanding that the Moss Deposit is a strong and consistent system to the east; the 4.5 m intersection of 6.9 gpt gold equivalent shows that high-grade zones continue to be present to the eastern limit of the system."
Holes AR-90R and AR-99R are located 400 m and 500 m west of AR-86R, respectively, near the outcrop limit of the stockwork system. "The 10+ m intersection grading 3.49 gpt gold equivalent (AR-90R) and 27 m intersection grading 1.91 gpt gold equivalent (AR-99R) including a 9+ m interval of 4+ gpt gold equivalent further demonstrate the consistency of the Moss gold-silver system along strike" says Thompson.
The Company additionally reports a new, precise, topographic base for the property was recently delivered by contract. Detailed topographic control is necessary when planning future drill programs, for plotting cross section results, and for engineering activities including pit design.
|Hole ID||Interval (Intvl)||Grade *AuEq||From||To||Au||Ag||True Width||Intvl||Grade *AuEq||True Width|
* AuEq (gpt) = Au (gpt) + 1/40th Ag (gpt)
* Estimated True Width calculated using 70 degree dip to zones of mineralization, it ranges from 34 to 91%;
* opt = troy ounces / short ton
*gpt = grams / metric tonne
*Assumes 100% metallurgical recovery
Assays received from holes 86, 90 and 99 further validate and build on results reported May 19th, June 22nd , July 21st, August 16th, and August 24th 2011 for the first 34 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.
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
For further information, please visit www.northernvertex.com
or contact Colin Clancy at Telephone: 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
2011 number 17