Northern Vertex Mining Corp. (NHVCF: OTC Link) | Northern Vertex Announces Results From First 33 Holes of 10,000 Meter Drill and Resource Definition Program at Lemhi Gold Project, Idaho

OTC

Northern Vertex Announces Results From First 33 Holes of 10,000 Meter Drill and Resource Definition Program at Lemhi Gold Project, Idaho

Oct 19, 2012

OTC Disclosure News Service

Vancouver, BC, Canada –

October 19, 2012

 

Northern Vertex Announces Results From First 33 Holes of 10,000Meter Drill and Resource Definition Program at Lemhi Gold Project, Idaho

 

Vancouver, B.C. – Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF)is pleased to announce assayresults from the first 33drill holes of its Phase I, 10,000 meter drill program at its Lemhi Gold Projectlocated 25 miles north of Salmon, Idaho. The current program is designed to confirm and validate historic resultsderived from previous drilling conducted on the property.

 

Two sets of results arerecorded in the attached table: 1) infill and incremental step-out holesdesigned to better-define the known deposit and to begin probing its lateralextent; and 2) results from a twin program designed to validate historicalresults and to calibrate between core and reverse circulation (RC) values.

 

States Northern Vertex’s Chief Geologist, BobThompson, PhD, PEng: “We are pleased withinitial assays from the first phase of our program. Importantly, resultsindicate gold mineralization is far more widespread than originally thought. Thisis demonstrated in holes such as LGT12-064R which intersected 4.57 m grading4.35 gpt gold followed by 41.15 m grading 1.19 gpt gold (ref. table); one ofthe 4 mineralized intersections in hole LGT12-015C comprises 16.76 m grading2.62 gpt gold including 3.05 m grading 12.37 gpt gold; hole LGT12-023Cintersected 30 m grading 1.06 gpt gold. These values provide valuable infilldata and indicate incremental southward extension of the main zone ofmineralization at Lemhi.”

 

Results are presented inthe attached table:

 

Drill Hole Results

 

 

 

 

 

 

Metric

 

Imperial

Hole

Intvl

From

To

Au¹

 

Intvl

Au¹

(m)

(m)

(m)

(gpt)

 

(ft)

(opt)

LGT12-013C

1.52

66.45

67.97

1.10

 

5.0

0.032

LGT12-013C

1.52

127.41

128.93

1.23

 

5.0

0.036

LGT12-013C

3.05

150.27

153.31

0.90

 

10.0

0.026

LGT12-013C

1.37

185.32

186.69

2.67

 

4.5

0.078

LGT12-014C

10.36

61.57

71.93

3.46

 

34.0

0.101

incl.

4.27

67.67

71.93

7.24

 

14.0

0.211

LGT12-015C

16.76

32.92

49.68

2.62

 

55.0

0.076

incl.

3.05

32.92

35.97

12.37

 

10.0

0.361

LGT12-015C

5.49

109.12

114.61

2.08

 

18.0

0.061

LGT12-015C

13.26

124.36

137.62

0.56

 

43.5

0.016

LGT12-015C

8.69

144.17

152.86

0.82

 

28.5

0.024

LGT12-017C

4.57

77.42

81.99

0.79

 

15.0

0.023

LGT12-017C

16.00

92.66

108.66

1.60

 

52.5

0.047

incl.

9.14

92.66

101.80

2.40

 

30.0

0.070

LGT12-017C

50.60

116.74

167.34

0.67

 

166.0

0.020

LGT12-018C

3.23

41.82

45.05

1.22

 

10.6

0.036

LGT12-018C

10.82

55.78

66.60

0.62

 

35.5

0.018

incl.

0.61

61.87

62.48

4.67

 

2.0

0.136

LGT12-018C

10.67

144.17

154.84

0.69

 

35.0

0.020

LGT12-019C

2.74

16.76

19.51

1.12

 

9.0

0.033

LGT12-019C

1.07

24.54

25.60

2.71

 

3.5

0.079

LGT12-019C

5.79

34.14

39.93

1.21

 

19.0

0.035

LGT12-019C

13.56

98.76

112.32

0.87

 

44.5

0.025

LGT12-019C

12.50

123.75

136.25

1.67

 

41.0

0.049

incl.

3.96

132.28

136.25

3.25

 

13.0

0.095

LGT12-019C

1.52

219.15

220.68

1.57

 

5.0

0.046

LGT12-023C

8.54

123.14

131.67

0.71

 

28.0

0.021

LGT12-023C

29.87

137.16

167.03

1.06

 

98.0

0.031

incl.

6.10

138.38

144.48

2.37

 

20.0

0.069

LGT12-023C

9.30

168.71

178.00

0.98

 

30.5

0.029

LGT12-027C

9.45

68.28

77.72

1.56

 

31.0

0.046

incl.

1.52

72.09

73.61

6.53

 

5.0

0.190

LGT12-027C

23.93

106.83

130.76

0.65

 

78.5

0.019

incl.

3.96

106.83

110.79

2.00

 

13.0

0.058

LGT12-027C

26.97

136.86

163.83

0.75

 

88.5

0.022

 

1.52

144.48

146.00

4.89

 

5.0

0.143

LGT12-027C

1.37

187.60

188.98

1.26

 

4.5

0.037

LGT12-064R

4.57

21.34

25.91

4.35

 

15.0

0.127

LGT12-064R

41.15

88.39

129.54

1.19

 

135.0

0.035

incl.

12.19

105.16

117.35

2.24

 

40.0

0.065

LGT12-064R

9.14

131.06

140.21

0.93

 

30.0

0.027

LGT12-064R

21.34

149.35

170.69

0.68

 

70.0

0.020

incl.

4.57

156.97

161.54

1.66

 

15.0

0.048

LGT12-065R

25.91

9.14

35.05

0.67

 

85.0

0.019

LGT12-065R

15.24

102.11

117.35

0.52

 

50.0

0.015

LGT12-066R

1.52

42.67

44.20

5.24

 

5.0

0.153

LGT12-066R

32.00

121.92

153.92

1.53

 

105.0

0.045

incl.

4.57

131.06

135.64

3.82

 

15.0

0.111

LGT12-066R

22.86

160.02

182.88

0.94

 

75.0

0.027

LGT12-073R

12.19

30.48

42.67

2.06

 

40.0

0.060

incl.

6.10

32.00

38.10

3.58

 

20.0

0.104

LGT12-074R

1.52

36.58

38.10

1.31

 

5.0

0.038

 

Twin Holes

 

 

 

 

 

 

 

Metric

 

Imperial

Hole

Intvl

From

To

Au¹

 

Intvl

Au¹

(m)

(m)

(m)

(gpt)

 

(ft)

(opt)

LGT12-001C

51.82

25.60

77.42

0.11

 

170.0

0.003

95027

51.82

25.91

77.72

0.17

 

170.0

0.005

 

 

 

 

 

 

 

 

LGT12-002C

155.91

3.81

159.72

0.59

 

511.5

0.017

LGT12-067R

155.45

4.57

160.02

0.49

 

510.0

0.014

86069

155.45

4.57

160.02

0.93

 

510.0

0.027

 

 

 

 

 

 

 

 

LGT12-003C

142.95

10.06

153.01

0.70

 

469.0

0.020

LGT12-063R

143.26

9.14

152.40

0.71

 

470.0

0.021

87036

143.26

9.14

152.40

1.09

 

470.0

0.032

 

 

 

 

 

 

 

 

LGT12-004C

193.70

3.35

197.05

0.74

 

635.5

0.021

LGT12-060R

193.55

3.05

196.60

0.80

 

635.0

0.023

93004

193.55

3.05

196.60

1.80

 

635.0

0.053

 

 

 

 

 

 

 

 

LGT12-005C

187.15

2.90

190.04

0.72

 

614.0

0.021

LGT12-061R

187.45

3.05

190.50

0.74

 

615.0

0.021

86035

187.45

3.05

190.50

0.96

 

615.0

0.028

 

 

 

 

 

 

 

 

LGT12-006C

148.59

3.51

152.10

0.40

 

487.5

0.012

LGT12-062R

149.35

3.05

152.40

0.43

 

490.0

0.012

85007

149.35

3.05

152.40

1.06

 

490.0

0.031

C1

148.44

3.35

151.79

0.66

 

487.0

0.019

 

 

 

 

 

 

 

 

LGT12-007C

195.07

1.22

196.29

0.45

 

640.0

0.013

93024

195.07

1.52

196.60

0.62

 

640.0

0.018

 

 

 

 

 

 

 

 

LGT12-008C

174.04

10.06

184.10

0.32

 

571.0

0.009

LGT12-070R

173.74

9.14

182.88

0.26

 

570.0

0.007

93008

173.74

9.14

182.88

0.48

 

570.0

0.014

 

 

 

 

 

 

 

 

LGT12-009C

200.41

13.41

213.82

0.38

 

657.5

0.011

LGT12-071R

199.64

13.72

213.36

0.21

 

655.0

0.006

94003

199.64

13.72

213.36

0.37

 

655.0

0.011

 

 

 

 

 

 

 

 

LGT12-010C

180.14

2.13

182.27

0.74

 

591.0

0.022

LGT12-072R

179.83

1.52

181.36

0.56

 

590.0

0.016

93002

179.83

1.52

181.36

1.81

 

590.0

0.053

 

 

 

 

 

 

 

 

LGT12-011C

152.86

6.86

159.72

1.06

 

501.5

0.031

LGT12-069R

153.92

6.10

160.02

0.56

 

505.0

0.016

86004

153.92

6.10

160.02

0.66

 

505.0

0.019

 

 

 

 

 

 

 

 

LGT12-016C

42.67

43.59

86.26

0.43

 

140.0

0.012

95033

42.67

44.20

86.87

0.50

 

140.0

0.014

 

 

 

 

 

 

 

 

LGT Core hole

 

 

 

 

 

 

 

LGT RC Hole

 

 

 

 

 

 

 

Historical RC Hole

 

 

 

 

 

 

Historical Core Hole

 

 

 

 

 

 

¹ True Width estimated to be similar to drilled intervals due to

 

  sub-horizontal zones of mineralization

 

 

 

 

opt = troy ounces / short ton (2000 lbs)

 

 

 

 

gpt = grams / metric tonne (1000 kg)

 

 

 

 

 

The Lemhi Property

The Lemhi Propertyconsists of contiguous patented mining claims comprising 613 acres located inSections 4, 5, 8 and 9 of T25N, R21E and Sections 28, 29, 32 and 33 of T26N,R21E in Lemhi County, Idaho. It was consolidated from numerous underlyingproperty holders providing Northern Vertex with an interest in a newlyconsolidated regional exploration opportunity.

 

The geologicaldisclosure in this press release has been reviewed Dr. Bob Thompson, PhD P.Eng(a qualified person for the purpose of National Instrument 43-101, Standards ofDisclosure for Mineral Projects).

AboutNorthern Vertex: Northern Vertex is agold exploration and development company operating principally in the UnitedStates and Canada. The Company comprises an experienced management group with astrong background in all aspects of acquisition, exploration, development andfinancing of precious metal mining projects. The Company’s stated mandate is toacquire, develop and advance gold projects that demonstrate near termproduction potential and long-term sustainable growth.

ON BEHALF OF THE BOARD OF NORTHERN VERTEX

 

“KennethBerry”, President CEO

 

For further information, please visit www.northernvertex.com

or contact Investor Relations at: 604-601-3656 or at1-855-633-8798.

The TSX Venture Exchangehas not reviewed and does not accept responsibility for the adequacy or theaccuracy of this release.

Cautionary Note to US Investors: This news release maycontain information about adjacent properties on which we have no right toexplore or mine. We advise U.S. investors that the SEC’s mining guidelinesstrictly prohibit information of this type in documents filed with the SEC.U.S. investors are cautioned that mineral deposits on adjacent properties arenot indicative of mineral deposits on our properties. This news release maycontain forward-looking statements including but not limited to commentsregarding the timing and content of upcoming work programs, geologicalinterpretations, receipt of property titles, potential mineral recoveryprocesses, etc. Forward-looking statements address future events and conditionsand therefore involve inherent risks and uncertainties. Actual results maydiffer materially from those currently anticipated in

such statements.

2012 number 19

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Leave a Reply