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.
States Northern Vertex Chief Geologist Dr.
Bob Thompson, "We are very 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 system".
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 |
| Hole ID |
Interval
(Intvl)
(m) |
Grade *AuEq
(gpt) |
From (m) |
To
(m) |
Au (gpt) |
Ag (gpt) |
True Width
(M) |
|
Intvl (ft) |
Grade *AuEq
(opt) |
True Width
(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
"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 involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Northern Vertex Inc.