NORTH COUNTRY GOLD CORP EXPANDS ANTLER MINERALIZATION
New High-Grade Intercepts of 11.14 g/t Au over 14.06 m and 10.67 g/t over 5.00 m
Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V)(NCG or the “Company”) today announces results from the 2010 summer drill program drilling at the Antler target within the Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Drilling continues to expand the Antler zone and has identified the presence of high-grade shoots within the pervasively mineralized structure.
Nine holes were drilled at the Antler target on the Walker Lake Trend during the summer 2010 program. The Antler target, located approximately 1.5 km from the western extent of the Three Bluffs Resource area, has now been tested by 21 drill holes along 700 metres of strike primarily by a series of two hole fences at a 60 metre spacing. All holes have intersected mineralization within the same stratigraphic horizon that hosts the Three Bluffs deposit. The latest drill results at Antler and Hayes have indentified the presence of high-grade shoots with abundant visible gold and grades similar to those seen at Three Bluffs. Complete assays are given in Table 1 and results from 2010 spring drilling at Antler are given in Table 2.
North Country Gold Corp is focusing exploration along the Walker Lake Trend, targeting new shallow gold resources and drilling has been conducted in three key areas Three Bluffs, Antler, and Hayes. In total approximately 2.5 kilometres of the 4.1 kilometres of the exposed trend has been tested by shallow drilling with significant gaps remaining to be tested between Three Bluffs and Antler and Antler and Hayes. The trend remains open to the west of Hayes and to depth with the majority of drill testing being less than 100 metres below surface.
“North County Gold’s summer drilling at Antler has delivered some exceptional results with wide, high grade gold intercepts” stated John Williamson, President and CEO of North Country Gold Corp, “.The magnitude of the Three Bluffs Project is becoming clearer as we have now identified gold mineralization in numerous rock types including iron formation, greywackes, felsic volcanic and granitoids all within a corridor of sheared supracrustal rocks termed the Walker Lake Trend. It is apparent that we are looking at a major shear-hosted gold system with significant resource potential that we can trace for at least 15 kilometres” continued Mr. Williamson.
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 2010 drilling indicates has the potential to be continuously mineralized. North Country Gold Corp 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.
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.
| Table 1. 2010 Antler Summer Results |
| Hole # |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
| 10AN008 |
67.42 |
69.00 |
1.58 |
1.32 |
| 10AN009 |
83.00 |
89.00 |
6.00 |
1.20 |
| 10AN010 |
75.85 |
89.91 |
14.06 |
11.14 |
| including |
75.85 |
80.00 |
4.15 |
32.97 |
| and |
85.00 |
89.91 |
4.91 |
3.36 |
| 10AN011 |
119.95 |
124.95 |
5.00 |
10.67 |
| 10AN012 |
37.20 |
40.42 |
3.22 |
2.46 |
| |
45.00 |
52.62 |
7.62 |
1.83 |
| 10AN013 |
82.00 |
96.00 |
14.00 |
3.51 |
| 10AN014 |
69.55 |
77.74 |
8.19 |
2.29 |
| including |
73.00 |
77.74 |
4.74 |
3.07 |
| 10AN015 |
94.00 |
100.00 |
6.00 |
1.28 |
| 10AN016 |
58.00 |
64.00 |
6.00 |
5.53 |
| Table 2. 2010 Spring Antler Results |
| Hole # |
From
(m) |
To
(m) |
Length
(m) |
Gold
(g/t) |
| 10TB084 |
63.00 |
70.00 |
7.00 |
2.48 |
| 10TB085 |
76.00 |
86.00 |
10.00 |
2.67 |
| including |
76.00 |
77.50 |
1.50 |
5.67 |
| and |
84.37 |
86.00 |
1.63 |
9.97 |
| 10TB089 |
140.76 |
146.00 |
5.24 |
0.92 |
| 10AN004 |
48.00 |
54.00 |
6.00 |
2.23 |
| including |
48.00 |
49.30 |
1.30 |
6.90 |
| and |
59.00 |
62.00 |
3.00 |
2.50 |
| 10AN005 |
78.21 |
90.50 |
12.29 |
4.51 |
| including |
80.00 |
87.67 |
7.67 |
6.00 |
| 10AN006 |
204.00 |
213.94 |
9.94 |
2.61 |
| including |
206.00 |
210.00 |
4.00 |
5.00 |
| 10AN007 |
249.00 |
253.00 |
4.00 |
3.47 |
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 Corp.
/s/"John Williamson"
For more information on North Country Gold, please visit the company’s website: www.northcountrygold.com or contact:
Brian Budd
Director of Corp. Development
Email:[email protected]
Tel: 604-646-4525
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
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