VANCOUVER, British Columbia, June 26, 2012 /PRNewswire/ --
Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to announce initial results from underground sampling of historic 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 initial assay results from the sampling program. The underground workings observed at Moss are far more extensive than originally anticipated. Current results are consistent with and support our previous phase I and phase II drill results which showed 1.5+ gpt gold equivalent grades extending across the Moss Gold-Silver system. The Main Drift East averaged 4.73 gpt gold eqv over 6.1 m and stopped in 7.58 gpt gold eqv mineralization. We expect these consistent and continuous high-grades encountered underground will play a significant role in further boosting the size and grade of our established Gold-Silver resource as we continue our resource expansion program underground and to the west of the Moss Gold-Silver system."
Metric Imperial Underground Sampling Area Intvl AuEq(1) From To Au Ag Intvl AuEq(1) (m) (gpt) (m) (m) (gpt) (gpt) (ft) (opt) Office Cross-Cut - 60 Level 41.15 1.81 48.77 89.92 1.61 8.3 135 0.053 including 22.86 2.68 62.48 85.34 2.38 11.8 75 0.078 Main Drift West - 60 Level 91.44 2.64 1.52 92.96 2.26 14.9 300 0.077 including 9.14 5.06 3.05 12.19 4.48 23.3 30 0.148 Main Drift East - 60 Level 6.10 5.60 1.52 7.62 4.73 35.1 20 0.163
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
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 http://www.northernvertex.com, or contact Investor Relations at: +1-604-601-3656
SOURCE Northern Vertex Mining Corp.