Northern Vertex Announces Updated NI 43-101 Resource Estimate Totals 956,800 Measured and Indicated Gold Equivalent Ounces on Moss Gold-Silver Project, Arizona

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Northern Vertex Announces Updated NI 43-101 Resource Estimate Totals 956,800 Measured and Indicated Gold Equivalent Ounces on Moss Gold-Silver Project, Arizona PR Newswire VANCOUVER, British Columbia, September 10, 2012 VANCOUVER, British Columbia, September 10, 2012 /PRNewswire/ -- Scott E. Wilson Consulting Inc. Summarized Updated Resource Estimate: Table 1 Reported at 0.3 gpt Au Cutoff Resource AuEq* Category (oz) Au (oz) Ag (oz) Tonnes Grade AuEq Au Ag (gpt) (gpt) (gpt) Measured 427,820 348,000 3,991,000 12,465,000 1.07 0.87 9.96 Indicated 528,980 432,000 4,849,000 18,414,000 0.89 0.73 8.19 M+I 956,800 780,000 8,840,000 30,879,000 0.96 0.79 8.90 Inferred 199,100 162,000 1,855,000 7,096,000 0.87 0.71 8.13 199,100 ounces of inferred gold equivalent resources. * Gold equivalency is based on a silver:gold ratio of 50:1 and assumes 100% recovery of all metals. * Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves estimate.

Informations

• Publié par: northern-vertex-mining-corp
• Nombre de lectures: 31
• Langue: English

Extrait

Northern Vertex Announces Updated NI 43-101 Resource Estimate Totals 956,800 Measured and Indicated Gold Equivalent Ounces on Moss Gold-Silver Project, Arizona

PRNewsiwer VANCOUVER,BrtisihCoulmibaS,epetmbre10,2012

VANCOUVER,BrsitihCulombi,a S2100r,be1empte2/er/--NePRwiws

 ScottE. Wilson Consulting Inc. Summarized Updated Resource  Estimate:Table 1  Reportedat 0.3 gpt Au Cutoff  Resource AuEq*  Category (oz)Au (oz)Ag (oz)Tonnes Grade  AuEqAu Ag  (gpt)(gpt) (gpt)  Measured427,820 348,000 3,991,000 12,465,000 1.07 0.87 9.96  Indicated 528,980 432,000 4,849,000 18,414,000 0.89 0.73 8.19  M+I956,800 780,000 8,840,000 30,879,000 0.96 0.79 8.90  Inferred199,100 162,000 1,855,000 7,096,000 0.87 0.71 8.13

199,100ouncesofinferredgoldeqiuvaelntresource.s

 *Gold equivalency is based on a silver:gold ratio of 50:1 and assumes  100%recovery of all metals.  *Mineral Resources are not Mineral Reserves and do not have demonstrated  economicviability. There is no certainty that all or any part of the  MineralResources estimated will be converted into Mineral Reserves  estimate.  *Mineral resource tonnage and contained metal have been rounded to  reflectthe accuracy of the estimate, and numbers may not add due to  rounding.  *Resources were based on 28,871 m of drilling in 330 exploration drill  holesand 590 meters of channel sampling from surface and underground  trenchesand cross-cuts. There were a total of 5,872 drill composite  samplesand 269 rock channel samples used in the estimation of gold and  silver.SEWC used Inverse Power Distance (ID3) as the preferred estimation  techniquefor the Moss Project

NotrhernVertexPresidentandCEO,KennethBerr,yB.Comm.states, "Theoutstandingresultsachievedfromtheresourcestudyisatrbiuttetohe quailytworkofourentrieexlporaoitnteamniaonizArCybdeloeGfeih.roligtsD BobThompsonandProjetcManageJroeBardswci.hSupporetdbyasubtsantial nearsufraceo,pe-nattiplbreesourc,eourojbectiveoffats-rtacnikgMossnitoa near-term,lowc-ostgodls-liverproducersielcalrycomniigntofocus. Concurrentwtihourdillirnagnedxolprationacitviite,swecontniuetoadvance theproejtcforwartdhroughtsraetigcdeveolpmentthatinculdesongoing envrionmentlabaseilnestueids,metlaulrgywork,prileminarpyti-design, economicevaulatoinanpdermittin.g" NorthernVerte'xsCheifGeoolgsi,tDr.BobThompson,PhD,P.Eng. adds,igeldreaWe"dteehtadpufdemorsreturnnclusionhhteocthdewti independentresourcestudyonMoss.Notonylhavewedramaticlaylincreased thesizeofourcurrengtols-dvlierresource,thedepoistremaniospenfoerven furtherresourceexpanoisn.Wtihlcosetoonemilliognloedqiuvelantounces nowesatbilshedontheproject,ourimmediategoalwillbeotconitnueto expandtheMosgso-dlsvlierresourceotthewetsandeasotfthemanideposti antdaodvanctehecurrent19,9100ounceinferredglodis-vlerresourcetothe measureadndincidaetdcategory".

Updated NI 43-101 Resource Estimate:

Theupdaetd9568,00ouncgeo-dlequivalentresourceatMos,scalsisifedas measureadnnidcidaetd,comprsies30,8790,00otnneshanivganaverageglod gradeof.079gramsperotnne,andanaveragevlisergradeof89.0gramsper otnn.eAnadiditonalinferredgold-equivalentresourceof19,9100ounces comprsies0,79,600ot0nneshavinganaverageglodgradoef0.71gramsper otnneanadanverageisvlergradeof8.13gramspeotrnn.e Thfeollownigmaetirlachangescontirbutedtothe(sgifincian)tincreaseinthe mineralresourceesitma:et

Subatstnlaiaddtiionalrdillni(gPhase2)conisstnigfo42RCancdoderllirholes ttoaling5105m(fer.NotrheVnrreetNxewsReelases;) Comperhenisveundrergoundchannelsampnilgconssitnigfo148fvie-ofot1(5.2m) nietvralsorientedacrossandlaonghtestrikeofthedepos;ti Rileanceonpost2004drlilersutls1(61RCandcorehoelsa)ndundreorgundsamplnig tocalculatemeasuredandniidcaetrdesoucres.

CurrentExploraitonandDevelopmentIntiiaitves:

ThecurrentongiongphaseeIIxolpraitoannddevleopmentprogramonMoss, desginedotexpeditethepathotparodutcoindeicison,consitsosfthefloolwing components:

nIilfldirllingterondreni'freerdresoruces'inottheni'idcaetd'caetgoyr; Contniuesdconipagndbaselnietsudeistoadvancehtepremtiitngporces;s Comprehensivemelatlcigrulaettsnigotdteermnierpecoiusmetalrecoveries; Plerimnirayptidesignforopenp-it,heap-leachminingand; Theintiaiitonofenvorinmeatnilmpactandfeasibilitytsudeisniatimelyfasihon.

TheetchncialrepootrtnheMossdepoistinOatmanMninigidirtstcinMohave County,zorinoNwhtretseAnrawlilfbe.seeaelraysofthisnewslidewtiihn54d TheMossmnisieolaw-sulifdaitonepithermladepotishaivngexceptiongrade contsisencyandhomogeneityaolngist2kmtsirkeelngthr(ef.NorthernVeretx NewsReleasesat:http/:/wwwn.otrhernveetrxc.om//sNewsReelasea.ssp) ThemnieralresourcesireportedinaccordancewtihCanaaidnSecuriites Admnisirtatoin(CSA)N4I3-101andhasbeenlcasiseifdniaccordancewtih satndardasdsefniebdytheCanaidanInsittuteofMnini,gMetallurgyand Perteloum(ICM)andcessourlReenarriMsofaddranStnioitinefDMICneMilra Reserves. ThemnieralresourceestimatewascompeletdbyMr.Scott.EWliso,nC.P.G.of Scott.EWilsonConsulnitgnIca.ndindependentqualifeidresourceevaulaotr;s tsihetsimatehasaneffetcviedaetofSeptember 9, 201,2moceilpdnawisth NatoinalInstrument4-3101fortheSatndardofDiscolsureforMnierPlarejocts asadoptedbytheCanaidanSecuriitesRegluaotsr.Mr.Wislonsiannidependent QuailifedPersonasdeifnedunderNI43-101andsiresponsbielforthemineral resourceetsimaetpresentedinthereelas.eTheetchcinalrepotrontheMoss depoistniOatmanMninigidstirctinMohave Count,ozanyNorthwesternAriw li l beifeldwithni45daysofthisnewsreelas.e Thfeoregionggeoloigcaldsicolsurehasslaobeenreveiwedandverfieidby NorthernVetrexs'ChiefGeologi,tsD.rBobThompsonPhD,PEng(aquaileifd pesronforthepurposoefNatoinlaIntsrument4-310,1SatndardsofDsiolcsure forMnieralPrjoecst). NotrhernVetrexhastherighttoearn7a0%nietrestintheihtsorciMossGlo-d iSvlerPropertylocatedinavohCoeMnoziaytnurA,otGoldomPatrirfoCpr. SubsequenttotheNotrhernVeretexarni-,nfinancingoftheproejctwlilbeona propooitrnlabasis. ForfullQC/QAprocedurespelaseivis:t htt:p//www.notrhernvertex.com/QCQAh.tm.lForcomlpetedrillresutlsand etsimateslpeasevsii:thtt:p//www.notrhernveetrc.xome/xrtas/drilrlesultsp.df About Northern Vertex:lpxedlonoitarodansixgaVnretreNohert developmentcompanyoperaitngprnicipallyinehttinUSdeetatsandCanada. TheCompanycomprsiesanexperiencedmanagementgroupwtihrtsaong backgroundniallaspetcsoafcqusiitoi,nexpolraoit,ndevleopmentand fniancingofpreoicusmeatlmiinngproejtcs.TheCompany'satsetdmandaties toacqurie,deveolpandadvanceglodprojectsthadtemonrtsaetnearterm productionpotentialandlon-getrmsutsianalbegrowth. ON BEHALF OF THE BOARD OF NORTHERN VERTEX "oJsephBardswich",Direotcr TheTSXVentureExchangheasnotreveiwedanddoensotacceptresponsibiliyt fotrheadequacyortheaccuracyotfihsrelease. Cautionary Note to US Investors:leasemaycontainsihTweners ifnormaitonaboutadajcentpropereitsonwhcihwehavenoirghttoexlporoer mine.WeadvsieUS..nivetsorsthatthSeEs'Cmniniggudileniessirttcylproihibt niformatoinofthitsypeidnocumentsifeldwiththeSEC.U..Sinveotsrsare cauitonedthatmnieradlepoisostnajdacentpropertiesarenotniidcatvieof mineraldeposistonouprropetrei.sTihsnewsreelasemayconatniforward- lookingstatemenstniulcnidbgutnotlimtiedtocommenstregardingthetiming andconetntofupcomnigworpkrograms,geologcialnietrpreatoitn,srecepitof propetryltites,poetntialmineralrecoveryprocesse,setc.Forwar-dlooikng tsaetmenstaddressfutureevenstandconidtoinsandthereforenivovleniherent risksandunceiatrntei.sAtculareslustmaydfifermaetrilalyrfomthose currentlyanticipateidsnuchatsetment.s Thsipressreelasuesestheterms"Measured","Indicated",andI"fnerred" resources.tatSeniUdteisliethwtreushcadvarethaisedsevnsrotreams recoginzeadnrdeqriuedbyCanadainregualtions,theUniteSdtaetSsecutiries andExchangeCommsisoindoesnotrecognizethem".fnIerredMnierla Resource"shaveagreatamounotufncetrniatyastothiereixetsnce,andasot thiereconomicandelglafeaisbility.Itcannotbeassumedthaatollarnpyartof anIfnerredMnierlaResourcewlileverbeupgradedtaohgihercategory.Under Canaaidnruels,estimatesofInferredMineralResourcesmaynotformthe baissoffeasibitilyorothereconomcitsudei.sStdesatUinetasrernvitoes cautoinednoottassumethatlaloranypaotrfMeasureodrIndciatedMnieral ResourceswlileverbeconveetrdniotMnieralReserves.UteniStdeatsnvitoessr araeslcoauitonednottoassumethatlaloranypatrofaMinerlaResourcsie economicallyorelgallymineabel.2012 number 15 Videowithcapiton:"NorthernVertexAnnouncesUpdaetdNI4-3101Resource EtsimatTeoatls956,800MeasuredandIndicatedGodlEquvilaentOunceson MossGdlo-iSvlerProejct,zonaArielalibaaavdioe".Vt: htt:p//tsreamn.1ewswric.ec/a-igbnip/alybac.kcig? file=20120910_C5141_VIDEO_EN_17614.mp4&posterulr=htt:p//photo.snewswire.c/aimage2/s0120910_C5141_PHOTO_EN_17614j.pg&cilentName=Notrhern%20Veetrx%20Miinng%20Corp%2E&captoin=Northern%20Vertex%20Announces%20Updated%20NI%2043%2D101%20Resource%20Etsimaet%20Totlas%20956%2C800%20Measured%20and%2I0ndicated%20Gdlo%20Eqviuelant%20Ounces%20on%20Moss%20Glod%2DSilver%20Project%2C%20Airzona&tltie=NORTHERN%20VERTEX%20MINING%20CORP%2E%20%2D%20Northern%20Veretx%20Announces%20Updaetd%20NI%2043%2D101%20Resource%20Esitmaet%20Toatls%20956%2C800%20Measured%20and%20Inidcaetd%20Glod%20Eqiuvlaent%20Ounces%20on%20Moss%20Godl%2DSivler%20Projetc%2C%20Arizona&heanilde=Notrhern%20Vertex%20Announces%20Updaetd%20NI%2043%2D101%20Resource%20Estimate%20Totals%20956%2C800%20Measured%20and%2I0ndicated%20Glod%20Equvilaent%20Ounces%20on%20Moss%20Gdlo%2DvliSer%20Prjoect%2C%20Azirona Fofrutrherinformatio:n Pleasevisithttp/:/wwwn.orthernvertex.com orconatctnIvetsorRelaitonsat:[phone]o6rat+1-855-633-879.8 (NE.ENHVC)F