VANCOUVER, British Columbia,
June 26, 2012 /PRNewswire/ --
Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is
pleased to announce initial results from underground sampling of
historic workings at the Moss Gold-Silver project in Mohave County, Northwestern Arizona. Channel samples were
taken at 5-foot intervals across the 'back' (roof) of drifts and
cross-cuts on the minus 60 level in the vicinity of the property's
Allen Shaft.
States Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased with initial
assay results from the sampling program. The underground workings
observed at Moss are far more extensive than originally
anticipated. Current results are consistent with and support our
previous phase I and phase II drill results which showed 1.5+ gpt
gold equivalent grades extending across the Moss Gold-Silver
system. The Main Drift East averaged 4.73 gpt gold eqv over 6.1 m
and stopped in 7.58 gpt gold eqv mineralization. We expect these
consistent and continuous high-grades encountered underground will
play a significant role in further boosting the size and grade of
our established Gold-Silver resource as we continue our resource
expansion program underground and to the west of the Moss
Gold-Silver system."
Metric Imperial
Underground Sampling
Area Intvl AuEq(1) From To Au Ag Intvl AuEq(1)
(m) (gpt) (m) (m) (gpt) (gpt) (ft) (opt)
Office Cross-Cut - 60
Level 41.15 1.81 48.77 89.92 1.61 8.3 135 0.053
including 22.86 2.68 62.48 85.34 2.38 11.8 75 0.078
Main Drift West - 60
Level 91.44 2.64 1.52 92.96 2.26 14.9 300 0.077
including 9.14 5.06 3.05 12.19 4.48 23.3 30 0.148
Main Drift East - 60
Level 6.10 5.60 1.52 7.62 4.73 35.1 20 0.163
¹ AuEq (gpt) = Au (gpt) + 1/40 x Ag (gpt)
opt = troy ounces / short ton (2000 lbs)
gpt = grams / metric tonne (1000 kg)
The Company reports underground sampling is continuing at the
Moss Gold-Silver Project and additional results from the program
are expected in the near future.
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, please visit
http://www.northernvertex.com, or contact Investor Relations at:
+1-604-601-3656
