Shares Outstanding 21,593,000
VANCOUVER, April 14 /CNW/ - Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to announce an extensive confirmation
in-fill and definition drilling program is underway on the Company's
newly acquired Moss gold-silver property situated in the historic
Oatman Mining district in Mohave County, Northwestern Arizona.
The multi-phase program will include 25,000 feet of drilling and will
employ both a diamond drill rig and a reverse circulation rig to
confirm previous results reported from 305 historical holes drilled on
the Moss property between 1982 and 2008. Confirmation and in-fill
drilling will include an estimated 60 holes and will focus on the
property's high priority stockwork gold-silver vein system that
measures 45 feet thick and has been traced along a strike length of
5000 feet to an average depth of approximately 200 feet. The
mineralized structure remains open on strike and at depth.
"The Moss stockwork vein system is an easy to access, outcropping gold
zone that offers both near-term production potential and significant
growth upside." States Northern Vertex Chief Geologist Bob Thompson
"Because of the project's advanced stature, the current program will
include requisite base line and scoping studies concurrent with
drilling to fast track its development" adds Thompson.
The overall objective of the systematic program will be to confirm the
grades and widths within the main stockwork vein zone to determine the
size and scope of the Moss gold-silver system and to provide samples
for metallurgical testing throughout mineralized zone.
Exploration upside on the Moss property is considered very good and
exists along strike of the main Moss vein, to depth, and along
underexplored sub parallel hanging wall veins. Mineralization at the
Moss and in the district is hosted in low sulfidation epithermal veins,
vein breccias and stockworks.
The historic Oatman Mining District has produced over 2 million ounces
of gold, mainly from high-grade underground operations. The Historic
Moss Mine Property was the site of sporadic high-grade mining dating
back to the late 18th century. Historic workings are evident throughout
the property and the likelihood of finding additional bulk mineable ore
is considered excellent.
Northern Vertex is a gold exploration and development company operating principally in
Arizona, U.S.A. and British Columbia, 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. Northern Vertex controls majority interests, subject
to royalties, in 3 emerging gold prospects strategically located within
productive mineral trends in Arizona and British Columbia. The
Company's stated mandate is to acquire, develop and advance asset based
precious metal 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
SOURCE Northern Vertex Inc.
For further information:
Colin Clancy at Telephone: 604-601-3656