NORTH COUNTRY GOLD CORP DRILLS WIDE GOLD ZONES AT THREE BLUFFS
HIGH-GRADE INTERCEPT OF 5.52 G/T AU OVER 39.00 M
September 8, 2010
Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V)(NCG or the “Company”) today announces initial results from the 2010 summer drill program at the Three Bluffs deposit in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Drilling continues to confirm the continuity and expansion of the high grade hinge structure within the current Three Bluffs resource area.
“Drilling at Three Bluffs continues to improve our confidence in the high-grade open-pittable resource there.” stated John Williamson, President and CEO of North Country Gold Corp. “The Three Bluffs resource remains the cornerstone of the project as we continue to identify and expand the mineralization to the west along the Walker Lake Trend.”
Results from the initial four holes of nine holes completed within the current Three Bluffs Resource during the summer 2010 drill program are given in Table 1. In conjunction with the six holes completed during the spring program (Table 2) this brings the total holes completed within the Three Bluffs Resource area during 2010 to fifteen. The 2010 holes at the Three Bluffs Resource were drilled within the existing resource shell to intersect the antiformal hinge zone of folded iron formation which appears to be the primary control of high grade mineralization at Three Bluffs. The holes targeted the shallow up-dip portion of the hinge which was undercut by previous drilling and in-filled areas with sparse historic drill density. The 2010 shallow resource infill drilling is expected to positively impact the high grade, near surface gold resource at 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 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. Initial Summer 2010 Three Bluffs Resource Area Results
Hole # |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
| 10TB092 |
40.00 |
79.00 |
39.00 |
5.52 |
| including |
50.00 |
63.00 |
13.00 |
11.56 |
| 10TB093 |
16.00 |
22.98 |
6.98 |
3.63 |
| including |
19.00 |
22.98 |
3.98 |
5.54 |
| |
32.00 |
34.00 |
2.00 |
2.16 |
| 10TB094 |
25.00 |
27.55 |
2.55 |
2.02 |
| |
33.00 |
43.05 |
10.05 |
2.64 |
| including |
33.00 |
36.00 |
3.00 |
5.99 |
| 10TB095 |
13.00 |
14.92 |
1.92 |
9.90 |
| |
31.00 |
53.00 |
22.00 |
3.09 |
| including |
34.00 |
40.00 |
6.00 |
4.83 |
| and |
44.00 |
47.60 |
3.60 |
6.16 |
Table 2. Spring 2010 Three Bluffs Resource Area Results
Hole # |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
| 10TB079 |
7.00 |
10.49 |
3.49 |
2.27 |
| 10TB082 |
7.00 |
49.14 |
42.14 |
5.88 |
| including |
15.56 |
19.94 |
4.38 |
9.06 |
| and |
29.00 |
44.00 |
15.00 |
10.20 |
| 10TB083 |
38.00 |
41.50 |
3.50 |
10.24 |
| and |
57.00 |
76.00 |
19.00 |
2.41 |
| including |
67.00 |
74.50 |
7.50 |
4.28 |
| 10TB086 |
20.90 |
35.06 |
14.16 |
2.62 |
| including |
27.00 |
35.06 |
8.06 |
3.55 |
| 10TB087 |
19.00 |
44.00 |
25.00 |
4.17 |
| including |
33.00 |
42.00 |
9.00 |
7.35 |
| 10TB088 |
14.00 |
45.85 |
31.85 |
2.27 |
| including |
14.00 |
21.00 |
7.00 |
5.39 |
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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