VANCOUVER, March 27, 2012 /PRNewswire/ --
Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX: NHVCF)
("Northern Vertex") is pleased to announce results from the
first 4 diamond drill holes 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 results
from the first 4 core holes from our Phase II program at Moss.
Significantly, the positive gold-silver grades and intervals
encountered in all 4 holes average substantially above internal
cut-off grades, in an elevated ridge where little or no stripping
is required. These factors indicate potential to add significant
tonnage to Moss's already established NI 43-101 gold-silver
resource. Moreover, we are equally encouraged to report results
demonstrate the gold and silver-bearing system is widening to the
west."
To date, the Company has completed a total of 22 holes of its
current Phase II in-fill drill and resource expansion program on
the Moss Gold-Silver project. Included in the total are 18 RC
(reverse circulation) drill holes and 4 diamond drill holes. The
Company reports the first 4, of several planned upcoming diamond
drill holes, which represent the second segment of the phase II
program, were conducted utilizing a specialized core-drilling rig
to address the steeper terrain of Moss's western extension.
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-139C 45.02 0.45 16.76 61.78 0.38 2.7 36.42 147.7 0.013 119.5
AR-139C 6.61 0.38 82.08 88.7 0.25 5.6 5.35 21.7 0.011 17.6
AR-139C 10 0.58 96.01 106 0.41 6.8 8.09 32.8 0.017 26.5
AR-139C 24.38 0.47 114.3 138.7 0.33 5.8 19.73 80 0.014 64.7
AR-139C 12.34 0.57 148 160.3 0.42 6.1 9.99 40.5 0.017 32.8
AR-142C 89 0.83 0 89 0.62 8.2 72.91 292 0.024 239.2
incl. 5.64 4.04 2.9 8.53 2.84 47.9 4.62 18.5 0.118 15.2
incl. 9.14 1.01 55.78 64.92 0.9 4.2 7.49 30 0.029 24.6
incl. 1.52 4.96 75.59 77.11 3.86 43.9 1.25 5 0.145 4.1
AR-145C 1.52 0.51 0 1.52 0.29 8.6 1.36 5 0.015 4.5
AR-145C 29.57 1.08 4.57 34.14 0.84 9.5 26.34 97 0.031 86.4
incl. 3.47 3.61 22.74 26.21 3.05 22.7 3.1 11.4 0.105 10.2
AR-145C 3.05 0.4 44.2 47.24 0.31 3.5 2.72 10 0.012 8.9
AR-145C 3.05 0.37 52.88 55.93 0.31 2.1 2.72 10 0.011 8.9
AR-145C 1.95 0.69 70.1 72.05 0.59 3.7 1.74 6.4 0.02 5.7
AR-145C 4.57 0.57 77.72 82.3 0.47 4.2 4.07 15 0.017 13.4
AR-145C 1.83 0.39 88.39 90.22 0.24 5.8 1.63 6 0.011 5.3
AR-145C 1.52 0.63 115.8 117.4 0.62 0.4 1.36 5 0.018 4.5
AR-145C 4.57 0.46 153.9 158.5 0.37 3.5 4.07 15 0.013 13.4
AR-147C 20.57 0.64 0 20.57 0.52 4.8 20.5 67.5 0.019 67.2
incl. 7.62 1.02 5.49 13.11 0.86 6.7 7.59 25 0.03 24.9
AR-147C 1.52 0.36 26.52 28.04 0.34 0.6 1.52 5 0.01 5
¹ AuEq (gpt) = Au (gpt) + 1/40 x Ag (gpt)
²True Width estimated using 70 degree dip to zones of
mineralization
oz/ton = 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"
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. 2012 number
05
For further information, please visit
http://www.northernvertex.com or contact Investor Relations at:
+1-604-601-3656