Northern Vertex is a Canadian based exploration and mining company focused on the development of precious metals deposits in Canada and the United States. The Company’s objective is to acquire, develop and advance precious metal projects that demonstrate near term production potential and long term sustainable growth.

 

In the last 12 months Northern Vertex has successfully negotiated the acquisition of two US based properties that fit within its mandate and implememted a strategy designed to convert historical resource estimates into National Instrument 43-101 standards.

 

The Moss Gold-Silver Project in Arizona was acquired in March 2011. Since the acquisition, Northern Vertex has completed an extensive 27,000 foot drill program, which has resulted in the delineation of a substantial NI 43-101 compliant gold-silver resource. As a result of the success of the program, Baseline and Scoping studies have been initiated to fast-track the project towards its ultimate goal of gold-silver production.

 

The Company is targeting a low-cost heap leachable gold-silver resource at Moss in the order of one million ounces of gold equivalent. A recently released 43-101 Independent Resource Calculation conducted by the engineering firm Scott E. Wilson Consulting, Inc. pegs the total indicated and inferred resource at Moss at 590,400 Gold Equivalent ounces (483,792 indicated ounces and 106,628 inferred ounces. Upcoming drilling on the western extension of the resource offers significant potential for even further resource expansion. This is an area where an extensive, previous surface sampling program by Northern Vertex returned promising gold-silver values extending an additional 1,135 feet on strike and beyond the current 43-101 resource.

 

A 25,000 foot drill program is now underway on the Project.

 

The Lemhi Gold-Silver Project in Idaho represents a milestone acquisition for the Company. Northern Vertex plans to mirror the success of the Moss program on Lemhi with a similar 30,000 foot infill drill and resource definition program to begin aggressively validating the property’s non-compliant historical gold resource.

The Lemhi Property has a historical non-compliant 43-101 resource of 32.36 million short tons at a grade of 0.0375 ounces per short ton for 1.21 million contained ounces of gold, as reported by Pincock Allen & Holt in 1996 (the “PAH Report”).

 

Northern Vertex and ISGC (the “JV Partners”) have agreed to an initial funding commitment totaling US$15 million that will cover the cost of the Acquisition and the initial work program in connection with the upcoming 30,000 foot drill program.

 

The Company’s Copley Gold property is situated in the emerging Nechako Plateau of Central British Columbia, Canada. The 2,926 hectare property, which contains a large gold-bearing epithermal system measuring 7 kilometers long x 2 kilometers wide, lies on trend to the recent Blackwater-Davidson bulk-tonnage discovery 40 km to the south.

 

A recent 1100 meter, 11 hole drilling program conducted on the Copley property was successful identifying several large gold bearing structures encountering significant gold intersections over a large area and promising gold values in 9 out of 11 holes.

 

Northern Vertex Mining Corp. has provided results from core holes 18 through 23 as part of its phase II, 20,000-foot (6,500-metre) infill drill and resource expansion program to test the western extension of the Moss gold-silver project's stockwork vein system in Mohave county, northwestern Arizona.

 

States Northern Vertex chief geologist Dr. Bob Thompson: "We are very pleased to report that phase II drill results have further extended mineralization on the western extension at Moss. The gold/silver mineralized structure now spans 6,000 feet on strike, remaining open to the west, east and at depth. High-grade feeder veins were intersected to the south and are believed to be associated with historic mining activity dating back to the early 1900s.

 

"Over all, results further confirm that the Western extension at Moss contains remarkably uniform gold and silver distribution over substantial widths. We continue to encounter multimetre, plus-one-gram-per-tonne gold equivalent intervals and multigram hot spots, contained within 40-plus-metre intersections, running well above internal cut-off grades. It is this type of consistent mineralization that will undoubtedly play a vital role in boosting the overall size and tonnage of the contained gold-silver resource at Moss, as we continue our expansion west of our current NI 43-101 gold-silver resource."

 

Results have now been reported for all phase II drilling: 18 RC (reverse

circulation) drill holes and 23 diamond drill (core) holes.

 

The geological disclosure in this press release has been reviewed and verified by Northern Vertex's chief geologist, Dr. Bob Thompson, PhD, PEng (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 quality control/quality assurance procedures please visit the company's website.

 

Northern Vertex has the right to earn a 70-per-cent 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.