July 21, 2011
Northern Vertex Announces Phase 1 Drilling Program Intercepts 53.34 Meters Grading 1.10 gpt Gold Eqv; Including 9.14 Meters Grading 3.00 gpt Gold Eqv
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.
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
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 | | | Imperial | |__________________________________________________|_____|_|_________________| | |Interval|Grade|From | To | Au | Ag |True | |Intvl|Grade|True | | Hole ID |(Intvl) |*AuEq| (m) | (m) |(gpt)|(gpt)|Width| |(ft) |*AuEq|Width| | | (m) |(gpt)| | | | | (M) | | |(opt)|(ft) | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| | AR-69C | 13.11 |6.01 |77.72 |90.83 |4.86 |45.8 | 9.3 | | 43 |0.175|30.4 | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| |including| 5.03 |12.75| 85.8 |90.83 |10.26|99.5 | 3.6 | | 17 |0.372|11.7 | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| | AR-70C | 36.58 |0.75 | 38.1 |74.68 |0.61 | 5.5 | 28 | | 120 |0.022|91.9 | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| |including| 4.57 |1.24 | 38.1 |42.67 |1.12 | 4.9 | 3.5 | | 15 |0.036|11.5 | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| |including| 6.1 |2.03 |62.48 |68.58 |1.56 |18.6 | 4.7 | | 20 |0.059|15.3 | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| | AR-71C | 53.34 | 1.1 |19.81 |73.15 |0.84 |10.4 |37.7 | | 175 |0.032|123.7| |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| |including| 9.14 | 3 |59.44 |68.58 |2.35 |25.9 | 6.5 | | 30 |0.087|21.2 | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| | AR-79R | 65.43 |0.35 |111.25|176.68|0.24 | 4.4 |22.4 | | 215 |0.01 |73.4 | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| | AR-81R | 16.77 | 0.6 |96.01 |112.78|0.52 | 3.2 | 8.4 | | 55 |0.017|27.5 | |_________|________|_____|______|______|_____|_____|_____|_|_____|_____|_____| | AR-83R | 22.86 |0.51 |204.22|227.08|0.44 | 2.7 |13.1 | | 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 www.northernvertex.com/QCQA.html
For complete drill results and estimates please visit 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
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.
SOURCE Northern Vertex Inc.