North Country Gold Corp. Expands Gold Mineralization at Antler
28 Junho 2011 - 9:50AM
Marketwired
North Country Gold Corp. (TSX VENTURE: NCG) (NCG or the "Company")
announces initial results from the Antler target at the Three
Bluffs Gold Project in the Committee Bay Greenstone Belt, northeast
of Baker Lake, Nunavut, Canada. These preliminary results are part
of the $25 million exploration program targeting at least 30,000
metres of drilling in 2011. Diamond drilling continues to expand
the Antler zone to depth and reverse circulation drilling has
extended the trace of the known gold mineralization for at least
360 metres west of the zone discovered in 2010.
"The initial 2011 drill results at Antler continue to outline
the potential of the Walker Lake Trend," stated John Williamson,
President and CEO of North Country Gold Corp., "The four diamond
drill holes confirm the presence of east-plunging, high-grade
shoots which persist to depth within the pervasively mineralized
structure and with the addition of the widely spaced reverse
circulation drilling results, the strike length of the known Antler
mineralization is now over 1000 metres. NCG is confident that with
continued drilling at Antler we will be able to define significant
resources along this portion of the trend," added Mr.
Williamson.
The four diamond drill holes completed at Antler are part of the
2011 diamond drill program which is designed to develop resources
at nominal 50 x 50 metre spacing to an initial vertical depth of
200 metres along the 4.1 kilometre Walker Lake Trend. Diamond
drilling has thus far focused on delineating and expanding
resources in the Antler and Three Bluffs West areas. Results from
the initial four diamond drill holes at Antler are shown in Table
1.
Table 1. 2011 Diamond Drill Results - Antler
-----------------------------------------------------------
Drill Hole Type From (m) To (m) Length (m) Au (g/t)
-----------------------------------------------------------
11AN018 DD 157.00 158.00 1.00 1.57
173.00 175.00 1.00 1.24
181.00 186.00 5.00 2.37
Including 181.00 184.00 3.00 3.22
-----------------------------------------------------------
11AN019 DD 192.00 193.00 1.00 2.24
196.00 201.69 5.69 1.81
-----------------------------------------------------------
11AN020 DD 157.91 167.39 9.48 7.58
including 163.80 167.39 3.59 15.38
-----------------------------------------------------------
11AN021C DD 206.00 214.00 8.00 4.33
including 210.00 214.00 4.00 5.93
-----------------------------------------------------------
To view the Plan View of 2011 Antler Drilling, click here:
http://northcountrygold.com/projects/antler/
Reverse circulation drilling in 2011 is primarily designed as
wide-spaced (120 metres spaced sections), shallow exploration holes
along untested portions of the Walker Lake Trend. The results of
the reverse circulation drilling are anticipated to rapidly
identify additional new high-grade gold mineralized zones along the
covered and untested portion of the trend, which will then be
aggressively delineated utilizing diamond core drilling. Results
for the reverse circulation holes completed at Antler are given in
Table 2.
Table 2. 2011 Reverse Circulation Drill Results - Antler
-----------------------------------------------------------
Drill Hole Type From (m) To (m) Length (m) Au (g/t)
-----------------------------------------------------------
11ANC001 RC 65.53 71.62 6.09 1.13
-----------------------------------------------------------
11ANC002 RC 65.53 67.05 1.52 2.35
76.19 77.72 1.52 1.69
-----------------------------------------------------------
11ANC003 RC 25.90 27.43 1.53 1.97
41.14 48.76 7.62 3.89
including 45.72 48.76 3.04 6.83
-----------------------------------------------------------
11ANC004 RC 27.43 28.95 1.52 2.65
-----------------------------------------------------------
11ANC005 RC NSI
-----------------------------------------------------------
11ANC006 RC 22.86 30.47 7.61 3.63
including 22.86 25.9 3.04 6.10
-----------------------------------------------------------
11ANC007 RC 48.76 51.81 3.05 5.66
-----------------------------------------------------------
The Three Bluffs deposit currently hosts an indicated resource
of 508,000 ounces (2,700,000 tonnes at 5.85 g/t Au) and an
additional inferred resource of 244,000 ounces (1,270,000 tonnes 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 NCG 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 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 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 Golds 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.Geol, 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 VP of Corp.
Development & Director 604-697-2861 brianb@northcountrygold.com
www.northcountrygold.com
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