Tuesday, 27 March 2012

Northern Vertex hits 1.08 g/t gold equivalent over 29.57 metres at Moss project

Northern Vertex Mining Corp. (CVE:NEE) (OTCQX: NHVCF) unveiled Tuesday results from the first four diamond drill holes as part of its 6,500 metre phase 2 program at its Moss project in Mohave County, northwestern Arizona, showing potential for further tonnage.
The infill and resource expansion program is designed to test the western extension of the Moss stockwork gold-silver vein system.
So far, the company has completed a total of 22 holes as part of the campaign on the Moss project, including 18 reverse circulation holes and four diamond drill holes.
Notable results from the first four diamond holes reported include 45.02 metres of 0.45 grams per tonne (g/t) of gold equivalent in hole AR-139C, and 89 metres of 0.83 g/t gold equivalent in hole AR-142C, including 5.64 metres of 4.04 g/t gold equivalent, 9.14 metres of 1.01 g/t gold equivalent and 1.52 metres of 4.96 g/t gold equivalent.
In addition, hole AR-145C hit 29.57 netres of 1.08 g/t gold equivalent.
The diamond holes, which represent the second part of the phase 2 program, are drilled using a specialized core rig to address the steeper terrain of Moss's western extension, the company said.
"We are very pleased with results from the first 4 core holes from our Phase II program at Moss," said chief geologist, Dr. Bob Thompson.
"Significantly, the positive gold-silver grades and intervals encountered in all 4 holes average substantially above internal cut-off grades, in an elevated ridge where little or no stripping is required.
"These factors indicate potential to add significant tonnage to Moss's already established NI 43-101 gold-silver resource. Moreover, we are equally encouraged to report results demonstrate the gold and silver-bearing system is widening to the west."
Northern Vertex has the right to earn a 70 percent interest in the historic Moss property from Patriot Gold Corp. After the earn-in period is complete, financing of project will be on a proportional basis.
Northern Vertex is a gold exploration and development company operating principally in the United States and Canada.

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