North Country Gold Corp.: Exploration Ramp Up at Three Bluffs Gold Project
18 Maio 2011 - 10:00AM
Marketwired
North Country Gold Corp. (TSX VENTURE: NCG) (NCG or the "Company")
is pleased announce that an additional four diamond core rigs have
commenced drilling at the company's 100% owned Three Bluffs Gold
Project on the Walker Lake Trend located in the Committee Bay
Greenstone Belt, northeast of Baker Lake in Nunavut Territory,
Canada.
The Company now has a total of five diamond core rigs and one RC
rig in operation and systematically exploring the 4.1km Walker Lake
Trend.
"North Country Gold Corp. is well ahead of schedule with the
2011 Walker Lake Exploration program," stated Mr. John Williamson,
President and CEO of North Country Gold Corp. "We have now
completed the mobilization of all fuel and equipment required to
complete our 2011 program and we are well on track for the most
aggressive exploration campaign in the project's history."
The 2011 Walker Lake Trend drill campaign is designed to
systematically test 4.1 km of stratigraphy extending southwest from
the company's 750,000 oz Three Bluffs gold deposit, and
encompassing 2010 discoveries made at Antler and Hayes.
2011 proposed drill plan:
http://www.northcountrygold.com/projects/
The Three Bluffs Gold Project 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) at the Three Bluffs Deposit which remains open to the
west and to depth. The deposit occurs at the eastern end of a
package of auriferous iron formation bearing supracrustral rocks
(Walker Lake Trend) that has been traced at least five kilometers
west which the spring 2010 drilling has indicates may be
continuously mineralized. North Country Gold Corp. believes that
significant potential exists along the Walker Lake trend and has
developed a strategy to identify 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 Three Bluffs Deposit.
North Country Gold Corp. is pleased to announce today the
appointment of Mr. Brian Budd as a Director and Vice President of
Corporate Development of the Company. Also, effective May 11, 2011,
Mr. John Robins has stepped down as Director and will remain
available to the Company in an advisory capacity.
The Company would like to thank Mr. Robins for his years of
dedication to the advancement of the Three Bluffs Project and the
Committee Bay Greenstone belt. His financial expertise and
geological knowledge have been invaluable to the growth of
development of North Country Gold Corp.
For the past two years, Mr. Brian Budd has been with North
Country Gold in the role of Director of Corporate Development. He
has a background in management with over 17 years of
entrepreneurial and sales leadership experience. During these years
Brian has implemented and executed on business plans, corporate
communication programs and strategies for the resource and high
tech sectors. As Director of Corporate Development he was involved
in the company's public relations, financing and corporate
development duties.
About North Country Gold
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 approximately 557,323
acres (225,569 hectares) of land comprising 216 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.
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
North Country Gold.
John Williamson
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address 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. 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 VP of Corp.
Development, Director 604. 646.4525 brianb@northcountrygold.com
www.northcountrygold.com
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