NORTH COUNTRY GOLD ANNOUNCES NEW GOLD DISCOVERY AT ANTLER
July 26, 2010
(Including 4.51 g/t Au over 12.29 metres)
July 26, 2010, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V)(NCG or the “Company”) is pleased to announce a new gold discovery at the Antler gold target located 1.5 km West of its Three Bluffs deposit, in the Committee Bay Greenstone Belt, Nunavut, Canada. Results from the spring drilling program have successfully confirmed new zones of mineralization along the Walker Lake Trend and have identified significant resource potential at the Antler target.
“We are very encouraged by our initial drill testing of the Antler Target which located to the west of the Three Bluffs deposit along the Walker Lake structure.” stated John Williamson, President and CEO of North Country Gold Corp., “The discovery of a new mineralized zone at Antler demonstrates the potential of the trend which remains untested along much of its length and underpins the opportunity to develop new near surface gold resources which compliment the high grade ounces identified at Three Bluffs”.
2010 Spring Drill Program
Nine holes were drilled along the Walker Lake Trend during the spring 2010 program. Seven of these were drilled as two hole fences, at 60 to 120 metre spacing along strike at the Antler target located approximately 1.5 km from the western extent of the Three Bluffs Resource area. All holes intersected mineralized iron formation within the same stratigraphic horizon that hosts the Three Bluffs deposit, (Complete assays are given in Table 1)
North Country Gold Corp. is currently conducting additional drilling along the Walker Lake Trend focused on targeting new shallow gold resources in three key areas; immediately west of the Three Bluffs Resources area, in the Antler area and at the Hayes occurrence located 1.5 kilometres west of Antler.
| Table 1. 2010 Antler Spring Drill 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 |
53.00 |
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 |
13.73 |
2.61 |
| including |
206.00 |
210.00 |
4.00 |
5.00 |
| 10AN007 |
249.00 |
253.00 |
4.00 |
3.47 |
Three Bluffs Deposit
The Three Bluffs Gold Project located NorthEast of Agnico-Eagles Meadowbank mine, 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. The deposit remains open to the west and to depth and 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.. 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 at the Three Bluffs Deposit
ABOUT NCG
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.northcountrygoldcom.
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
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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