NORTH COUNTRY GOLD CORP. EXTENDS HIGH-GRADE GOLD TREND AT THREE BLUFFS AND THREE BLUFFS WEST TO DEPTH AND ALONG STRIKE
August 9, 2011
New high grade intersections of 16.23 g/t Au over 10.00 m and 15.00 g/t Au over 11.25 m
August 9, 2011, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) announces the third tranche of results from the 2011 drill program at the Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Drilling has intersected high grade gold to depth and along strike, west of the current resource area at the Three Bluffs and Three Bluffs West zones, increasing the strike length of the core Three Bluffs zones to over 1300 metres. Drilling has also confirmed the presence of mineralization over an additional 700 metres of strike between the Three Bluffs West and Antler zones.
"The presence of significant gold grade intercepts at depth and along strike of Three Bluffs and Three Bluffs West area continue to confirm the significant resource potential along the Walker Lake Trend” said John Williamson, President and CEO of North Country Gold Corp. “We are beginning to see a trend of increasing grades and thicknesses to depth as we continue to explore the area west of our current Three Bluffs resource. Additionally, the confirmation of mineralization in the Three Bluffs - Antler gap opens up further resource opportunities as we continue to explore this area to depth,” added Mr. Williamson.
Highlights from the 5 diamond drill and 3 reverse circulation drill holes at Three Bluffs include 16.23 g/t Au over 10.00 m (11TB107B) obtained along the depth extension of the shear zone at approximately 200 m below the surface. Highlights from the 3 diamond drill holes at Three Bluffs West include 15.00 g/t Au over 11.25 m (11TW016) and 4.85g/t Au over 8 m (11TW020) obtained along the strike and depth extension of the shear zone (note: 11TW016 has been upgraded from the previously released 7.36 g/t Au over 11.25 m (see press release dated July 6, 2011) upon completion of metallic screen assays over the mineralized interval). These intersections have significant potential to increase the gold resources to depth at Three Bluffs and Three Bluffs West.
Table 1. Three Bluffs – Three Bluffs West Results
|
Drill Hole |
Type |
From (metres) |
To (metres) |
Length (metres) |
Au (g/t ) |
|
|
11TBC003 |
RC |
22.86 |
45.72 |
22.86 |
1.98 |
|
including |
|
32 |
36.57 |
4.57 |
3.33 |
|
and |
|
41.14 |
45.72 |
4.58 |
4.35 |
|
|
|
57.91 |
76.19 |
18.28 |
1.47 |
|
|
|
109.72 |
111.25 |
1.52 |
12.20 |
|
|
11TBC004 |
RC |
16.76 |
30.47 |
13.71 |
1.49 |
|
including |
|
16.76 |
19.81 |
3.04 |
3.80 |
|
|
|
41.14 |
48.76 |
7.62 |
1.22 |
|
|
11TBC005 |
RC |
9.14 |
13.71 |
4.57 |
1.94 |
|
|
|
21.33 |
25.90 |
4.57 |
1.85 |
|
|
11TB102 |
DD |
112.30 |
114.00 |
1.70 |
1.63 |
|
|
|
118.00 |
122.69 |
4.69 |
1.39 |
|
|
|
131.00 |
137.00 |
6.00 |
2.38 |
|
including |
|
131.00 |
135.00 |
4.00 |
3.00 |
|
|
11TB106 |
DD |
123.00 |
124.00 |
1.00 |
1.20 |
|
|
|
125.00 |
126.00 |
1.00 |
1.24 |
|
|
|
129.50 |
136.00 |
6.50 |
2.96 |
|
including |
|
131.00 |
134.00 |
3.00 |
4.21 |
|
|
|
153.00 |
169.39 |
16.39 |
2.10 |
|
including |
|
162.00 |
168.00 |
6.00 |
2.92 |
|
|
11TB107 |
DD |
169.00 |
187.00 |
18.00 |
2.41 |
|
including |
|
172.00 |
175.00 |
3.00 |
3.42 |
|
and |
|
178.00 |
182.00 |
4.00 |
3.71 |
|
and |
|
186.00 |
187.00 |
1.00 |
7.09 |
|
|
11TB107B |
DD |
188.00 |
200.00 |
12.00 |
15.00 |
|
including |
|
191.00 |
196.00 |
5.00 |
27.53 |
|
|
|
221.00 |
227.00 |
6.00 |
2.15 |
|
|
11TB108B |
DD |
128.00 |
136.00 |
8.00 |
1.19 |
|
|
|
145.52 |
156.00 |
10.48 |
2.43 |
|
including |
|
149.00 |
153.00 |
4.00 |
3.64 |
|
|
|
162.00 |
163.00 |
1.00 |
3.70 |
|
|
11TW016 |
DD |
146.00 |
157.25 |
11.25 |
15.00 |
|
including |
|
152.00 |
157.25 |
5.25 |
29.02 |
|
|
11TW017 |
DD |
101.00 |
110.00 |
9.00 |
2.11 |
|
including |
|
105.00 |
110.00 |
5.00 |
2.93 |
|
|
11TW020 |
DD |
150.94 |
153.00 |
2.06 |
1.84 |
|
|
|
159.00 |
167.00 |
8.00 |
4.85 |
|
including |
|
163.00 |
167.00 |
4.00 |
8.58 |
|
Three Bluffs West - Antler Gap
Results, including 8.67 g/t Au over 4.57 m from five wide-spaced reverse circulation drill holes drilled between Three Bluffs West and Antler zones indicate that the Walker Lake structure is continuously mineralized through the previously un-drilled gap. These initial exploratory drill holes targeted the near-surface projection of the mineralized corridor and have confirmed the presence and location of the mineralization. Results of the 2010 Quantec Titan 24 survey indicate that mineralization in this section of the trend is best developed at depth, well below the level of the present drill holes. North Country is currently testing the deeper portion of the Three Bluffs-Antler gap, targeting Titan 24 resisitivity lows, which are directly associated with high grade mineralization at Three Bluffs, Three Bluffs West and Antler.
Table 2. Three Bluffs West – Antler Gap results
|
Drill Hole |
Type |
From (metres) |
To (metres) |
Length (metres) |
Au (g/t ) |
|
|
11TWC004 |
RC |
48.77 |
50.29 |
1.52 |
1.93 |
|
|
|
|
59.43 |
62.47 |
3.04 |
2.23 |
|
|
11TWC005 |
RC |
108.20 |
112.77 |
4.57 |
1.94 |
|
|
|
|
124.96 |
129.53 |
4.57 |
8.67 |
|
|
11TWC008 |
RC |
57.91 |
59.43 |
1.52 |
4.93 |
|
|
11TWC009 |
RC |
88.39 |
92.96 |
4.57 |
2.16 |
|
|
11TWC011 |
RC |
88.39 |
94.48 |
6.09 |
2.44 |
|
Click here for drilling plan view: http://northcountrygold.com/projects/drill_results/
About North Country Gold Corp.
The Three Bluffs deposit currently hosts an indicated resource of 508,000 ounces (2,700,000 tonnes at 5.85 g/t Au) and an additional inferred resource of 244,000 ounces (1,270,000 tonnes 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 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 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 kilometres 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 Corp., please visit the company’s website: www.northcountrygold.com or contact:
Brian Budd
VP of Corp. Development & Director
Email: [email protected]
Tel: 604.697.2861
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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