Northern Vertex Announces Underground Channel Samples Return Consistent 1.5+ gpt Gold Equivalent Grades Over Broad Intervals at Moss Gold-Silver Project in Arizona
VANCOUVER, July 19, 2012 /CNW/ - Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to announce additional assay results from historic underground 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 current results from channel sampling at Moss. Assays continue to demonstrate excellent continuity of mineralization both along and across the Moss Gold-Silver structure. The consistent 1.5+ gpt gold equivalent grades returned further demonstrate the remarkable uniformity of the Moss stockwork vein Gold-Silver system both on strike and at depth. Establishing continuity of grades along tunnels (drifts) and sub-drifts will play an important factor in future mine planning and development."
Initial results from the main Office x-Cut and Main East and west drifts were previously announced (see NR June 26, 2012) . Results from secondary drifts and X-cuts on the -65 level are as follows:
July 19, 2012
|Underground Sampling Area||Intvl||AuEq¹||From||To||Au||Ag||Intvl||AuEq¹|
|South X-Cut off Main Drift Sta 30' W||6.10||1.98||1.52||7.62||1.83||6.4||20||0.058|
|North X-Cut off Main Drift Sta 40' W||13.72||1.92||1.52||15.24||1.64||11.2||45||0.056|
|North X-Cut off Main Drift Sta 60' W||7.62||1.28||1.52||9.14||0.98||12.1||25||0.037|
|North X-Cut off Main Drift Sta 150' W||12.19||1.73||1.52||13.72||1.49||9.5||40||0.050|
|North X-Cut off Main Drift Sta 200' W||1.52||2.14||9.14||10.67||1.88||10.3||5||0.062|
|Sub-Drift East from Office X-Cut at Sta 260' N||4.57||2.79||1.52||6.10||2.40||15.5||15||0.081|
|Sub-Drift East from Office X-Cut at Sta 275' N||3.05||1.39||1.52||4.57||1.24||6.0||10||0.041|
|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 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
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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For further information, please visit www.northernvertex.com
or contact Investor Relations at: 604-601-3656