Monday, 2 April 2012

Northern Vertex hits multiple high grade gold intercepts at Moss project

Northern Vertex Mining Corp. (CVE:NEE) (OTCQX:NHVCF) unveiled Monday further results from core drill holes at its Moss gold-silver project in Mohave County, northwestern Arizona.
The results of core holes five through 10 were part of a phase II, 6,500 metre infill drill and resource expansion program to test the western extension of the Moss stockwork vein system.
Highlights included 6.26 grams per tonne (g/t) gold equivalent over 1.68 metres, 5.37 g/t gold equivalent over 1.83 metres, 4.03 g/t equivalent over 1.22 metres and 3.61 g/t gold equivalent over 4.57 metres.
"Results confirm the gold mineralization along Moss's western extension is expanding and robust," said the company's chief geologist, Dr. Bob Thompson.
"Significantly, the high-grade zones are contained within larger mineralized intersections which are above internal cut-off grades and are expected to play a key factor in adding additional tonnage and ounces to our current 43-101 Gold-Silver resource."
To date, the company has completed 28 holes of its phase II in-fill drill and resource expansion program to test the western extension of the Moss project, completing the campaign. Eighteen reverse circulation drill holes and 10 diamond drill, or core, holes were completed.
Results from the final holes of the program are expected in the near future, Northern Vertex said.
Last month, the company reported notable results from the first four diamond holes of the program, which included 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.
Northern Vertex has the right to earn a 70 percent interest in the historic Moss gold-silver property from Patriot Gold Corp.
The gold exploration and development company operates principally in the United States and Canada.

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