Tuesday 21 August 2012

Northern Vertex Mining reports further grade consistency at Moss project

Northern Vertex Mining Corp. (CVE:NEE) (OTCQX:NHVCF) unveiled today more underground channel sample results from its Moss gold-silver project in Mohave County, northwestern Arizona that showed "grade consistency".

The miner said it intersected 9.14 metres of 10.83 grams per tonne (g/t) gold equivalent, within a 24 metre intersection averaging 4.9 g/t gold equivalent. 

Channel samples were taken at 5-foot intervals across the roof of the 1921 Hill No 2 X-Cut, located 250 metres east of the Allen Shaft-Office X-Cut workings, from where results were released in June. 

"These  exceptional results demonstrate the potential for high-grade ore at  Moss," said the company's chief geologist, Dr. Bob Thompson. 

"A 24 m intersection of 4.9 gpt material provides excellent  potential for higher grade averages and enhanced future profitability.

"When combined with results from the Allen Shaft-Office X-cut workings located 250 metres west, along strike of the deposit, an increasingly clear picture of grade consistency and  continuity emerges."

The company said in a statement that additional results from the underground sampling program are expected in the near future. 

Northern Vertex has the right to earn a 70 per cent interest in the historic  Moss property from  Patriot Gold Corp. 

Last month, the company also reported results from historic underground workings at Moss, in the vicinity of the property's Allen Shaft. 

The junior miner said at the time that the underground channel samples returned consistent and greater than 1.5 grams per tonne (g/t) gold equivalent grades over broad intervals.

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