NORTH COUNTRY GOLD CORP. EXTENDS HIGH GRADE HINGE ZONE AT THREE BLUFFS. (INCLUDING 5.88 G/T AU OVER 42.14 METRES AND 4.17 G/T AU OVER 25.00 METRES.)
July 19, 2010
Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces spring drill results from Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Drilling has successfully extended the near surface high grade hinge structure within the western portion of Three Bluffs Resource area.
“The spring drilling within the Three Bluffs resource area has successfully extended the high grade hinge mineralization at shallow levels to the west.” stated John Williamson, President and CEO of North Country Gold Corp., “We expect this to positively impact the high grade, near surface gold resource at Three Bluffs which we view as the key gold zone in our strategy to develop a significant minable gold resource along the highly prospective five kilometer Walker Lake trend.” added Mr. Williamson.
Six holes targeting the western extension of the hinge zone were completed during the spring 2010 program. (Complete assay results are given in Table 1) These holes were drilled within the existing Three Bluffs 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 western up-dip portion of the hinge which was undercut by previous drilling. An additional 11 holes targeting the shallow hinge extension are planned for the recently commenced summer 2010 drill program.
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) and remains open to the west and to depth. The Three Bluffs deposit occurs at the eastern end of a package of auriferous iron formation bearing supracrustral rocks (Walker Lake Trend) that have been traced at least five kilometers west. Surface sampling and cursory exploratory drilling has indicated this package to be continuously mineralized. This mineralized trend is interpreted to represent a second order splay of the regional Walker Lake Shear Zone. North Country Gold Corp believes that significant potential exists along the Walker Lake trend and has developed a strategy to initially indentify near surface open-pittable gold resources along the exposed strike length of the trend.
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 Three Bluffs Spring Drill 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 |
| |
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 604.646.4525
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
Print Page