NORTH COUNTRY GOLD CORP.: EXPLORATION RAMP UP AT THREE BLUFFS GOLD PROJECT
May 18, 2011
Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) is pleased announce that an additional four diamond core rigs have commenced drilling at the company’s 100% owned Three Bluffs Gold Project on the Walker Lake Trend located in the Committee Bay Greenstone Belt, northeast of Baker Lake in Nunavut Territory, Canada.
The company now has a total of five diamond core rigs and one RC rig in operation and systematically exploring the 4.1km Walker Lake Trend.
“North Country Gold Corp. is well ahead of schedule with the 2011 Walker Lake Exploration program.” stated Mr. John Williamson, President and CEO of North Country Gold Corp. “We have now completed the mobilization of all fuel and equipment required to complete our 2011 program and we are well on track for the most aggressive exploration campaign in the project’s history”.
The 2011 Walker Lake Trend drill campaign is designed to systematically test 4.1 km of stratigraphy extending southwest from the company’s 750,000 oz Three Bluffs gold deposit, and encompassing 2010 discoveries made at Antler and Hayes.
2011 Proposed Drill Program: http://northcountrygold.com/projects/
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 spring 2010 drilling has indicates may be continuously mineralized. North Country Gold Corp. 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 Three Bluffs Deposit.
North Country Gold Corp. is pleased to announce today the appointment of Mr. Brian Budd as a Director and Vice President of Corporate Development of the Company. Also, effective May 11, 2011, Mr. John Robins has stepped down as Director and will remain available to the Company in an advisory capacity.
The Company would like to thank Mr. Robins for his years of dedication to the advancement of the Three Bluffs Project and the Committee Bay Greenstone belt. His financial expertise and geological knowledge have been invaluable to the growth of development of North Country Gold Corp.
For the past two years, Mr. Brian Budd has been with North Country Gold in the role of Director of Corporate Development. He has a background in management with over 17 years of entrepreneurial and sales leadership experience. During these years Brian has implemented and executed on business plans, corporate communication programs and strategies for the resource and high tech sectors. As Director of Corporate Development he was involved in the company’s public relations, financing and corporate development duties.
About North Country Gold
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.
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.
/s/"John Williamson"
For more information on North Country Gold, please visit the company’s website: www.northcountrygold.com or contact:
Brian Budd 604.646.4525
VP of Corp. Development, Director
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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