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Northern Vertex Announces Phase II Drilling and Development Program Underway On Moss Gold-Silver Project in Southwestern Arizona

Dec 5, 2011  Share:  Share on Facebook   Share on Twitter   Share on Google Plus   Share on LinkedIn

Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to announce a phase II drilling and development program is underway to include RC and Core drilling on its Moss Gold-silver project situated in the historic Oatman Mining District in Southwestern Arizona. The Company reports the first 4 holes of the program were recently completed, with pending assay results expected imminently. Approximately 20,000 feet of drilling is planned for the phase II program. The phase II program is designed to expedite the path to a production decision on the Moss Gold-Silver Project and will include: A multi-phase drill program to test the newly discovered western extension of the Moss deposit; infill drilling to render 'inferred resources' into the 'indicated resources' category; continued scoping and baseline studies to advance the mine permitting process and; additional metallurgical testing to further define precious metal recoveries.

The program is supported by the favorable conclusions returned from a recent Independent Resource Calculation, dated October 14, 2011, conducted on the Moss Gold-Silver project by the engineering firm Scott E. Wilson Consulting that estimated Moss contains a Gold Eqv. Resource totaling 590,400 ounces (483,792 indicated ounces and 106,628 inferred ounces; see SEWC chart).

States Moss Project Manager Joe Kircher, "We are very pleased to initiate our phase II program on Moss as we continue to advance the project towards a production decision. As evidenced by the SEWC resource estimate, Moss has already demonstrated consistent grades and remarkably uniform gold and silver distribution across its entire stockwork gold-silver vein system and has the attributes to become a substantial, near-term gold-silver producer. Through the current resource expansion program, we plan to further boost and expand the attractive resource foundation we currently have in place. We will also continue to develop our metallurgical, geotechnical, environmental, hydrological and economic scoping data base as a precursor to future mine permitting and feasibility."

Scott E. Wilson Consulting - October 2011 - Independent Resource Calculation

At a 0.3 gram per ton gold cutoff the current resource at Moss is reported as:

INDICATED RESOURCE at 0.3 g/t Au Cutoff
Tonnes
x 1,000
Grades (Grams/Tonne)1Contained Metal (Ounces)2
AuAgAuAgAu Equivalent3
13,3770.899.4383,2484,021,740483,7924
INDICATED RESOURCE at 0.3 g/t Au Cutoff
Tonnes
x 1,000
Grades (Grams/Tonne)1Contained Metal (Ounces)2
AuAgAuAgAu Equivalent3
4,7310.556.283,124940,164106,6284


1Grams/Tonne = grams / metric tonne;
2ounces = troy ounces / short ton
3AuEq (ozs) = Au (ozs) + 1/40th Ag (ozs)
4Assumes 100% metallurgical recovery


Baseline and Scoping Studies Ongoing. Schlumberger Water Services (SWS) continues to provide environmental permitting, hydrogeology and engineering services in support of the permitting process and mine design required for proposed open pit/heap leach mine at the Moss property. In addition, confirmatory metallurgical test work on the Moss deposit, being overseen by Kappas Cassidy and Associates (KCA) is advancing well as expected. KCA is also completing environmental test work on both ore and overburden to support geochemical modeling, along with developing initial process capital and operating costs for future mine design and budgeting purposes.

The historic Oatman Mining District has produced over 2 million ounces of gold, mainly from high-grade underground operations. The Historic Moss Mine Property was the site of sporadic high-grade mining dating back to the late 18th century. Historic workings are evident throughout the property and the likelihood of finding additional mineralization is considered excellent.

Located in a mining friendly jurisdiction in Arizona with very manageable permitting characteristics, the Moss Project is readily amenable to open pit- heap leach mining.

The mineral resource estimate was completed by Mr. Scott E. Wilson, C.P.G. and Dr. Stewart D. Redwood, FIMMM, of SEWC, an independent qualified resource evaluator; this estimate has an effective date of October 14, 2011, and complies with National Instrument 43-101 for the Standard of Disclosure for Mineral Projects as adopted by the Canadian Securities Regulators.

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).

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 (see news March 9th, 2011).

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 precious metal projects that demonstrate near term production potential and long-term sustainable growth.

ON BEHALF OF THE BOARD OF NORTHERN VERTEX

"Kenneth Berry"
Chief Executive Officer

For further information, please visit www.northernvertex.com
or contact Colin Clancy at Telephone: 604-601-3656
Toll Free: 1-888-NEE-TSXV (1-888-633-8798)

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.

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