VANCOUVER, April 2, 2012 /CNW/ - Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to announce results from core holes 5 through 10 as part of a Phase II, 20,000 foot (6500 meter) infill drill and resource expansion program to test the western extension of the Moss stockwork Gold-Silver vein system in Mohave County, Northwestern Arizona.
States Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased with current results. Five out of 6 drill holes returned high-grade intercepts including: 6.26 gpt Gold Equivalent¹ over 1.68 meters, 5.37 gpt Gold eqv over 1.83 meters, 4.03 gpt Gold eqv over 1.22 meters and 3.61 gpt Gold eqv over 4.57 meters. Results confirm the Gold mineralization along Moss's western extension is expanding and robust. Significantly, the high-grade zones are contained within larger mineralized intersections which are above internal cut-off grades and are expected to play a key factor in adding additional tonnage and ounces to our current 43-101 Gold-Silver resource."
To date, the Company has completed 28 holes of its Phase II in-fill drill and resource expansion program to test the western extension of the Moss Gold-Silver project. Included in the total are 18 RC drill holes and 10 diamond drill (core) holes. The Company reports Phase II drilling on the western extension is now complete. Results from the final holes of the program are expected in the near future.
|Hole||Intvl||AuEq¹||From||To||Au||Ag||True Width²||Intvl||AuEq¹||True Width²|
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 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.
For further information:
please visit www.northernvertex.com; or Investor Relations at: 604-601-3656