VANCOUVER, July 21, 2011 /PRNewswire/ --
Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern
Vertex") is pleased to announce results from an additional 6
holes of its 27,000 foot drilling program on the Moss Gold-Silver
Project situated in the historic Oatman Mining district in
Mohave County, Northwestern Arizona.
The Company reports assays received from holes 16 through 21
demonstrate the thicknesses and grades encountered are compatible
with and build on historical drill results where 30 to 50 meter
intervals of 1+ gram gold were reported. The current drill results
further validate and build on results reported May 19 and June 22,
2011 for the first 15 holes of the phase 1 program.
States Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased with the
thicknesses and grades returned from the recent 6 holes of drilling
at Moss, including Hole AR-69C (Table below) that returned 6+ gpt
gold equivalent over 13.1 meters. The stockwork system is robust,
and the distribution of gold is proving to be consistent both along
and across its 5,000 ft strike. Importantly, results to date
continue to support the three primary objectives of our current
drill program: to verify, build on and extend the Moss epithermal
gold-silver system".
Phase 1 drill results will be used in conjunction with the 305
historical holes previously drilled on the property between
1982-2008, to calculate an indicated resource that is NI 43-101
compliant.
Metric
Interval Grade True
(Intvl) *AuEq To Width
Hole ID (m) (gpt) From (m) (m) Au (gpt) Ag (gpt) (M)
AR-69C 13.11 6.01 77.72 90.83 4.86 45.8 9.3
including 5.03 12.75 85.8 90.83 10.26 99.5 3.6
AR-70C 36.58 0.75 38.1 74.68 0.61 5.5 28
including 4.57 1.24 38.1 42.67 1.12 4.9 3.5
including 6.1 2.03 62.48 68.58 1.56 18.6 4.7
AR-71C 53.34 1.1 19.81 73.15 0.84 10.4 37.7
including 9.14 3 59.44 68.58 2.35 25.9 6.5
AR-79R 65.43 0.35 111.25 176.68 0.24 4.4 22.4
AR-81R 16.77 0.6 96.01 112.78 0.52 3.2 8.4
AR-83R 22.86 0.51 204.22 227.08 0.44 2.7 13.1
Imperial
Grade *AuEq True Width
Hole ID Intvl (ft) (opt) (ft)
AR-69C 43 0.175 30.4
including 17 0.372 11.7
AR-70C 120 0.022 91.9
including 15 0.036 11.5
including 20 0.059 15.3
AR-71C 175 0.032 123.7
including 30 0.087 21.2
AR-79R 215 0.01 73.4
AR-81R 55 0.017 27.5
AR-83R 75 0.015 43
* 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
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
http://www.northernvertex.com/QCQA.html
For complete drill results and estimates please visit
http://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
"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:
For further information, please
visit http://www.northernvertex.com
or contact Colin Clancy at
Telephone: +1-604-601-3656, ir@northernvertex.com
