NCG Outlines Strategy and 2014 Work Plan
02 Julho 2014 - 10:30AM
Marketwired
NCG Outlines Strategy and 2014 Work Plan
EDMONTON, ALBERTA--(Marketwired - Jul 2, 2014) - North Country
Gold Corp. (TSX-VENTURE:NCG)(OTCQX:NCGDF) ("North Country", "NCG"
or the "Company") today announced the company's 2014 work plan, in
conjunction with a near term strategy centered on underground
exploration, bulk sampling and focused drilling designed to
accelerate future project development at its flagship Three Bluffs
Gold Deposit.
"Our work strategy, derived from ongoing geological analysis and
the results of the high-level trade off and logistical studies
announced January 22, 2014, is focused on cost effective activities
which we believe will move the project towards our ultimate goal of
becoming Nunavut's next gold producer," stated Brian Budd,
President of North Country Gold. "We believe the value of the Three
Bluffs project lies within what we have already discovered and that
by focusing our efforts on understanding the geology and
demonstrating the quality of the known mineralization we can better
deliver on our mandate," added Mr. Budd.
2014 Plan
- Advance the project towards preparation of a possible PEA
- Geotechnical, acid-base accounting, engineering and logistical
work to support bulk sample permit applications
- Focused drill program targeting the high grade hinge area
slated for initial underground exploration
2015-2016 Plan
- Initiate Bulk Sampling Program
- Drill testing for potential resource extensions, new
mineralized structures and regional satellite targets
- Ongoing environmental and engineering baseline studies
The 2014 work program will revolve around activities required to
obtain the necessary information to prepare for and obtain the
required permits to allow the company to initiate a 2 year
underground exploration and bulk sampling of the Three Bluffs gold
project planned in conjunction with focused drilling targeted at
further delineating high grade mineralized structures identified to
date. The company also plans to implement strategies to realize the
potential of other assets within its property portfolio across the
remainder of the Committee Bay Belt.
To view the maps accompanying this press release please click on
the following link:
http://media3.marketwire.com/docs/NCG0902.pdf
Three Bluffs Gold Deposit
The Three Bluffs gold project is a structurally controlled lode
gold system hosted within oxide facies iron formation and
greywackes. The deposit currently hosts a resource of 4.30 Mt at
4.91 g/t gold for 683,000 ounces gold (indicated) and 5.52Mt at
5.43 g/t gold for 965,000 ounces gold (inferred) (See press release
dated April 23, 2013). To date, Three Bluffs has been drill tested
along a strike length of 4.1 kilometres to depths of 500 metres
below surface with gold mineralization persisting to depth where
the company has identified additional mineral potential* comprising
4.5 to 7.5 million tonnes grading between 3.8 g/t and 7.3 g/t gold
(see press release date April 23, 2013. *Estimates of the potential
quantity and grade of additional mineral potential' at Three Bluffs
are conceptual in nature as there has been insufficient exploration
to define a mineral resource and it is uncertain if further
exploration will result in the target being delineated as a mineral
resource.
About North Country Gold Corp.
North Country Gold Corp. controls the gold-rich Committee Bay
Greenstone Belt located 180km northeast of the of Agnico Eagle's
Meadowbank gold mine in Nunavut Canada. It is one of the largest
under-explored greenstone belts in Canada with numerous drill-ready
high-grade gold targets. The Company holds a 100% interest in
243,620 acres along the 300km long belt and has identified 5
distinct exploration centres with numerous high-grade gold drill
intercepts. North Country operations are currently focused on
advancement of the Three Bluffs deposit, which is geologically
comparable, with similar grades, type of mineralization and age, to
the Lupin, Meadowbank and Meliadine gold deposit.
North Country Gold's vision is the build the company into a long
term junior to mid-tier gold producer through disciplined
exploration and development of high quality gold assets in stable
safe mining jurisdictions.
On behalf of the Board
North Country Gold,
John Williamson
North Country Gold Corp. maintains an extensive quality control
program in the preparation, shipping and checking of all samples
from the property. The content of this news release and the
Company's technical disclosure has been reviewed and approved by
Peter Kleespies, M.Sc., P.Geol., who is the Qualified
Person as defined by NI 43‐101 Standards of Disclosure for
Mineral Projects. A detailed description of North Country Gold
Corp.'s QA/QC program is provided on the Company's website at
www.northcountrygold.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.
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.
North Country Gold Corp.Brian BuddPresident &
Director604-697-2861brianb@northcountrygold.comwww.northcountrygold.com
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