VANCOUVER, July 19, 2012 /PRNewswire/ --
Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is
pleased to announce additional assay results from historic
underground workings at the Moss Gold-Silver project in
Mohave County, Northwestern Arizona. Channel samples were
taken at 5-foot intervals across the 'back' (roof) of drifts and
cross-cuts on the minus 60 level in the vicinity of the property's
Allen Shaft.
States Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased with current
results from channel sampling at Moss. Assays continue to
demonstrate excellent continuity of mineralization both along and
across the Moss Gold-Silver structure. The consistent 1.5+ gpt gold
equivalent grades returned further demonstrate the remarkable
uniformity of the Moss stockwork vein Gold-Silver system both on
strike and at depth. Establishing continuity of grades along
tunnels (drifts) and sub-drifts will play an important factor in
future mine planning and development."
Initial results from the main Office x-Cut and Main East and
west drifts were previously announced (see NR June 26, 2012) .
Results from secondary drifts and X-cuts on the -65 level are as
follows:
Metric Imperial
Underground Sampling
Area Intvl AuEq(1) From To Au Ag Intvl AuEq(1)
(m) (gpt) (m) (m) (gpt) (gpt) (ft) (opt)
South X-Cut off Main
Drift Sta 30' W 6.10 1.98 1.52 7.62 1.83 6.4 20 0.058
North X-Cut off Main
Drift Sta 40' W 13.72 1.92 1.52 15.24 1.64 11.2 45 0.056
incl. 4.57 2.51 1.52 6.10 2.28 9.0 15 0.073
incl. 1.52 6.03 9.14 10.67 5.29 29.4 5 0.176
North X-Cut off Main
Drift Sta 60' W 7.62 1.28 1.52 9.14 0.98 12.1 25 0.037
North X-Cut off Main
Drift Sta 150' W 12.19 1.73 1.52 13.72 1.49 9.5 40 0.050
incl. 1.52 4.43 6.10 7.62 3.69 29.7 5 0.129
North X-Cut off Main
Drift Sta 200' W 1.52 2.14 9.14 10.67 1.88 10.3 5 0.062
Sub-Drift East from
Office X-Cut at Sta
260' N 4.57 2.79 1.52 6.10 2.40 15.5 15 0.081
Sub-Drift East from
Office X-Cut at Sta
275' N 3.05 1.39 1.52 4.57 1.24 6.0 10 0.041
July 19, 2012
(1) AuEq (gpt) = Au (gpt) + 1/40 x Ag (gpt)
opt = troy ounces / short ton (2000 lbs)
gpt = grams / metric tonne (1000 kg)
The Company reports underground sampling is continuing at the
Moss Gold-Silver Project and additional results from the program
are expected in the near future.
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
http://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
"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.
For further information:
For further information, please visit
http://www.northernvertex.com
or contact Investor Relations at: +1-604-601-3656