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Last updated on April 18, 2014 at 21:21 EDT

Northern Vertex Announces Phase 1 Drilling Program Intercepts 22.86 Meters Grading 3.09 gpt Gold Eqv; Including 12.19 Meters Grading 5.02 gpt Gold Eqv

August 16, 2011

VANCOUVER, Aug. 16, 2011 /PRNewswire/ – Northern Vertex Capital Inc. (TSX.V:NEE) (“Northern Vertex”) is pleased to announce results from an additional 7 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.

States Northern Vertex Chief Geologist Dr. Bob Thompson. “We are very
pleased and encouraged with current assays from drilling that continue
to meet or surpass historical drill results where 30 to 50 meter
intervals of 1+ gram gold were reported. Significantly, six of the
seven holes (table below) returned intersections of 1+ gpt Au
equivalents, and the 3+, 4+ and 5+ gpt intervals portend high-grade
zones within the deposit, further demonstrating the consistently and
geologically robust nature of the Moss epithermal gold-silver system.”

Assays received from holes 22 through 28 further validate and build on
results reported May 19(th), June 22(nd) and July 21(st) (2011) for the first 21 holes of the phase 1 program.

Phase 1 drill results will be used in conjunction with the 305
historical holes previously drilled on the property between 1982 and
2008 to calculate an indicated resource that is NI 43-101 compliant.

     __________________________________________________________________________
    |                               Metric           |     | |      Imperial   |
    |________________________________________________|_____|_|_________________|
    |         |Interval|Grade|     |     |     |     |True | |     |Grade|True |
    | Hole ID |(Intvl) |*AuEq|From | To  | Au  | Ag  |Width| |Intvl|*AuEq|Width|
    |         |        |     | (m) | (m) |(gpt)|(gpt)|     | |(ft) |     |     |
    |         |  (m)   |(gpt)|     |     |     |     | (M) | |     |(opt)|(ft) |
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |AR-91R   |   39.62| 1.18|  6.1|45.72| 0.82| 14.5| 35.9| |  130|0.034|117.8|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |including|   21.33| 1.82|  6.1|27.43| 1.25| 22.8| 19.3| |   70|0.053| 63.4|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |including|    4.57| 4.97|22.86|27.43| 3.46| 60.5|  4.1| |   15|0.145| 13.6|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |AR-92R   |   19.81|  1.8|19.81|39.62| 1.19| 24.3|   18| |   65|0.052| 58.9|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |including|    7.62|  3.1|   32|39.62| 2.05| 42.2|  6.9| |   25|0.091| 22.7|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |AR-93R   |    3.05| 3.11|30.48|33.53| 2.06| 41.7|  2.8| |   10|0.091|  9.1|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |AR-95R   |   28.96| 0.41|   32|60.96| 0.22|  7.4| 26.2| |   95|0.012| 86.1|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |including|    3.05| 1.07|57.91|60.96| 0.54| 20.9|  2.8| |   10|0.031|  9.1|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |AR-96R   |    12.2| 1.02|54.86|67.06| 0.88|  5.4|  6.1| |   40| 0.03|   20|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |AR-97R   |    25.9| 1.04|28.96|54.86| 0.82|  8.9|   13| |   85| 0.03| 42.5|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |including|   10.67| 1.81| 38.1|48.77| 1.44| 14.9|  5.3| |   35|0.053| 17.5|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |AR-98R   |   22.86| 3.09|15.24| 38.1| 2.55| 21.6| 21.5| |   75| 0.09| 70.5|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|
    |including|   12.19| 5.02|21.34|33.53| 4.22|   32| 11.5| |   40|0.146| 37.6|
    |_________|________|_____|_____|_____|_____|_____|_____|_|_____|_____|_____|

* AuEq (gpt) = Au (gpt) + 1/40th Ag (gpt)        
* Estimated True Width calculated using 70 degree dip to zones of
mineralization, it ranges from 40 to 94%;

* 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
“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 involv
e inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in
such statements.

 

 

SOURCE Northern Vertex Inc.


Source: newswire