Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to announce results from 6 holes (10 through 15) of its 27,000 feet drilling program on the Moss Gold-Silver Project situated in the historic Oatman Mining district in Mohave County, Northwestern Arizona.
The Company reports results received from holes 10 through 15 demonstrate the thicknesses and grades encountered are compatible with and build on historical drill results (Table) where 30 to 50 m intervals of 1+ gram gold were reported. The current drill results are consistent with and build on results reported May 19th for the first 9 holes of the phase 1 program.
Stated Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased with our current assay results. We continue to meet or surpass the objective of our program, which is to verify, build on and extend the limits of previously established precious metal mineralization delineated across Moss's 5,000ft mineralized system. The consistency of results amongst the first 15 drill holes suggests mineralization is both widespread and dependable."
Phase 1 drill results will be used in conjunction with the 305 historical holes previously drilled on the property between 1982-2008, to calculate a NI 43-101 compliant resource.
|Hole ID||Interval (Intvl)|
|From (m)||To (m)||Au (gpt)||Ag (gpt)||Intvl (ft)||Grade *AuEq|
* 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
For complete drill results and estimates please visit www.northernvertex.com/drillresult.html
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
Northern Vertex is a gold exploration and development company operating principally in Arizona, U.S.A. and British Columbia, 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 precious metal 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 13