North Country Gold Corp Commences $25 Million Drilling Program at Three Bluffs Gold Project
19 Abril 2011 - 9:30AM
Marketwired
North Country Gold Corp. (TSX VENTURE: NCG) (NCG or the "Company")
is pleased to announce that it has commenced drilling with two
drill rigs at its 100% owned Three Bluffs gold project in the
Committee Bay Greenstone Belt located northeast of Baker Lake,
Nunavut, Canada. This program will be the most aggressive drilling
campaign to date on the project, this year NCG expects to more than
double the existing historic drill meterage.
"We are very pleased to have gotten this year's Three Bluffs
drill program started ahead of our anticipated schedule," stated
John Williamson, President and CEO of North Country Gold Corp.
"With two rigs now operational and an additional four rigs coming
on line soon, NCG is now in the position to rapidly delineate and
define resources along the 4.1 kilometre Walker Lake Trend," added
Mr. Williamson.
One (1) reverse circulation drill rig and one (1) diamond drill
rig commenced drilling on April 18th. A further four (4) diamond
drill rigs are onsite and will be commissioned over the coming
weeks and it is anticipated that all six rigs will be fully
operational by mid-May.
In addition, mobilization of heavy equipment, fuel, camp and
drill supplies is ongoing, utilizing the 5200' ice airstrip located
on Sandspit Lake adjacent to the main camp.
The Three Bluffs deposit currently hosts an indicated resource
of 508,000 ounces (2,700,000 tones at 5.85 g/t Au) and an
additional inferred resource of 244,000 ounces (1,270,000 tones at
5.98 g/t Au). The Three Bluffs deposit occurs at the eastern end of
a package of auriferous iron formation bearing supracrustral rocks
(Walker Lake Trend) along which North Country Gold Corp is focusing
exploration and has conducted drilling in three key areas over a
4.1 kilometer segment of the trend during 2010: Three Bluffs,
Antler, and Hayes.
NCG believes that significant potential exists along the Walker
Lake trend and has developed a strategy to indentify additional
near-surface open-pittable gold resources along the strike length
of the trend, which will incrementally add to the existing
high-grade resource inventory underpinned by the Three Bluffs
Deposit.
About North Country Gold Corp.
North Country Gold Corp. controls one of the largest under
explored greenstone belts within Canada, and has numerous
drill-ready high-grade gold targets, in addition to those at Three
Bluffs. The gold-rich Committee Bay Greenstone Belt is located
approximately 300 kilometers north of Baker Lake within Nunavut
Territory, Canada. North Country Gold Corp is currently the 100%
beneficial owner of the mineral rights to 202 active mineral claims
and 14 mineral leases.
North Country Gold Corp. maintains an extensive quality control
program in the preparation, shipping and checking of all samples
from the property. The program is supervised by Peter Kleespies,
M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101.
A detailed description of North Country Gold Corp.'s QA/QC program
is provided on the Company's website at www.northcountrygold.com or
m.northcountrygold.com on your mobile phone.
North Country Gold Corp. is a member of the Discovery Group of
companies, for more information on the group visit
www.discoveryexp.com.
On behalf of the Board
John Williamson, P.Geo, President and CEO
This release includes certain statements that may be deemed to
be forward-looking statements. All statements in this release,
other than statements of historical facts that address access to
capital, regulatory approvals, exploration drilling, exploitation
activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and
title and delays due to third party opposition, changes in
government policies regarding mining and natural resource
exploration and exploitation, and continued availability of capital
and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date it is
expressed in this press release, and the Company undertakes no
obligation to update publicly or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws. For
more information on the Company, investors should review the
Company's continuous disclosure filings that are available at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: North Country Gold Corp. Brian Budd Director of Corp.
Development 604-646-4525 brianb@northcountrygold.com
www.northcountrygold.com
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