VANCOUVER, May 16, 2012 /PRNewswire/ --
Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is
pleased to announce results from core holes 18 through 23 as part
of its Phase II, 20,000 foot (6500 metres) infill 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 to report
that Phase II drill results have further extended mineralization on
the western extension at Moss. The gold/silver mineralized
structure now spans 6,000 ft on strike, remaining open to the West,
East and at depth. High-grade feeder veins were intersected to the
south and are believed to be associated with historic mining
activity dating back to the early 1900's.
"Overall, results further confirm that the Western Extension at
Moss contains remarkably uniform gold and silver distribution over
substantial widths. We continue to encounter multi-metre, 1+ gpt
Gold Eqv intervals and multi-gram hot spots, contained within
40+metre intersections, running well above internal cut-off grades.
It is this type of consistent mineralization that will undoubtedly
play a vital role in boosting the overall size and tonnage of the
contained Gold-Silver resource at Moss, as we continue our
expansion west of our current NI 43-101 Gold-Silver resource."
Results have now been reported for all Phase II drilling: 18 RC
(reverse circulation) drill holes and 23 diamond drill (core)
holes. Table of Results follows
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-141C 42.06 0.71 0 42.06 0.65 2.2 34.5 138.0 0.021 113
incl. 9.14 1.42 2.44 11.58 1.35 2.9 7.5 30.0 0.041 24.6
AR-141C 52.27 0.57 62.94 115.21 0.44 5.0 42.8 171.5 0.017 140.5
incl. 1.52 2.67 87.78 89.31 2.46 8.3 1.2 5.0 0.078 4.1
AR-144C 17.07 1.03 0 17.07 0.91 4.9 16.5 56.0 0.030 54.1
incl. 1.37 5.09 2.44 3.81 4.45 25.3 1.3 4.5 0.148 4.3
AR-144C 43.28 0.68 35.36 78.64 0.55 5.1 41.8 142.0 0.020 137.2
AR-144C 0.76 0.99 151.18 151.94 0.66 13.2 0.7 2.5 0.029 2.4
AR-146C 12.19 0.39 7.32 19.51 0.32 3.0 11.2 40.0 0.011 36.8
AR-146C 1.52 2.05 53.04 54.56 2.03 0.8 1.4 5.0 0.060 4.6
AR-150C 13.56 0.39 93.12 106.68 0.23 6.5 5.5 44.5 0.011 18.1
AR-150C 43.89 0.42 126.49 170.38 0.33 3.8 17.9 144.0 0.012 58.6
AR-150C 35.36 0.57 178.00 213.36 0.44 5.2 14.4 116.0 0.017 47.2
AR-155C 15.54 0.37 15.85 31.39 0.29 3.0 3.5 51.0 0.011 11.5
AR-159C 9.14 1.02 0 9.14 0.44 23.5 5.0 30.0 0.030 16.3
incl. 1.52 3.11 0 1.52 0.56 101.9 0.8 5.0 0.091 2.7
AR-159C 30.18 0.39 21.34 51.51 0.27 4.9 16.4 99.0 0.011 53.9
AR-159C 15.54 1.04 74.37 89.92 0.71 13.2 8.5 51.0 0.030 27.8
(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 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
For further information:
Investor Relations at: +1-604-601-3656 or
visit: http://www.northernvertex.com
(NEE. NHVCF)