North Country Extends High-Grade Gold Trend at Three Bluffs
06 Julho 2011 - 9:30AM
Marketwired
North Country Gold Corp. (TSX VENTURE: NCG) (NCG or the "Company")
today announces initial results from the 2011 drill program at
Three Bluffs West Zone within the Three Bluffs Gold Project in the
Committee Bay Greenstone Belt located northeast of Baker Lake,
Nunavut, Canada. Drilling has intersected high grade gold to depth,
west of the current resource area, increasing the strike length of
the core Three Bluffs zones to over 1300 metres.
"Our first results from the 2011 program in the Three Bluffs
area have again demonstrated the tremendous potential of the
project," stated John Williamson, President and CEO of North
Country Gold Corp. "These current diamond drill hole results are
from the western end of our resource area where previous shallow
drilling intersected relatively low-grades. NCG believes there is
an excellent opportunity to significantly increase the resource at
Three Bluffs as the mineralization remains open to depth along the
length of the Walker Lake Trend, and we are confident that ongoing
drilling will identify new mineralization and expand the existing
high grade shoots to depth," added Mr. Williamson.
The diamond drill holes included in this release are part of the
$25 million, 2011 drilling program 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 focused on delineating and expanding resources in the Antler
and Three Bluffs West areas. Full results for the currently
released 10 diamond drill holes are in Table 1, and a longitudinal
section displaying mineralized pierce points is given in Figure
1.
Two reverse circulation holes, 11TBC001 and 11TBC002, were
completed as infill holes within the current Three Bluffs resource
area. Results of 8.06 g/t Au over 30.49 metres and 2.20 g/t Au over
16.76 metres correlate favorably with surrounding historic diamond
drill holes, and support the use of the reverse circulation
technique as a cost effective exploration tool on the project.
Reverse circulation drilling in 2011 is primarily designed as
wide-spaced shallow exploration holes and drill fences 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 further
delineated utilizing diamond core drilling.
Table 1. 2011 Diamond Drill Results - Three Bluffs West
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Drill Hole Type From (m) To (m) Length (m) Au (g/t)
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11TW014 DD 170.00 172.00 2.00 2.09
190.00 199.00 9.00 2.92
including 195.00 199.00 4.00 5.26
---------------------------------------------------------------------------
11TW015 DD 105.00 109.00 4.00 43.02
126.80 155.00 28.20 2.24
including 148.00 155.00 7.00 6.07
---------------------------------------------------------------------------
11TW016 DD 146.00 157.25 11.25 7.36
including 152.00 157.25 5.25 12.66
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11TW017 Assays Pending
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11TW018 DD 170.00 175.00 5.00 1.61
182.00 184.00 2.00 5.41
---------------------------------------------------------------------------
11TB101 DD 94.40 149.00 54.60 1.25
including 145.00 149.00 4.00 7.69
---------------------------------------------------------------------------
11TB102 Assays Pending
---------------------------------------------------------------------------
11TB 103 DD 147.00 174.00 27.00 2.45
including 163.00 174.00 11.00 4.62
or 169.00 173.13 4.13 8.83
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11TB104 DD 108.00 133.00 25.00 7.34
Including 108.00 113.90 5.90 28.71
---------------------------------------------------------------------------
11TB105 DD 148.00 181.00 33.00 2.31
including 148.00 157.00 9.00 6.33
or 152.00 157.00 5.00 9.63
---------------------------------------------------------------------------
11TBC001 RC 24.37 54.86 30.49 8.06
including 41.15 51.81 10.66 18.71
---------------------------------------------------------------------------
11TBC002 RC 7.61 24.37 16.76 2.20
including 7.61 12.18 4.57 3.79
39.61 42.66 3.05 1.77
---------------------------------------------------------------------------
Click here to view Figure 1, drilling plan view:
http://bmcms1.com/staging/northcountrygold.com/projects/three_bluffs/
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 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 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.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 604-697-2861 brianb@northcountrygold.com
www.northcountrygold.com
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