THREE BLUFFS GOLD DEPOSIT: HIGH-GRADE ZONES PERSIST TO DEPTH
November 8, 2011
Intercepts of 18.13 g/t Au over 13.00 m (incl. 28.75 g/t Au over 8.00 m), 3.09 g/t Au over 36.00 m (incl. 13.85 g/t Au over 4.00 m) and 4.19 g/t Au over 15.00 m
November 8, 2011, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces the fifth 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. The latest results from 29 diamond drill holes combined with existing drilling at the Three Bluffs-Antler-Hayes (The 4 km long Walker Lake Trend) indicate that the gold mineralization system is extensive, strong and persists to depth.
“These latest results have confirmed the presence of new moderately east-plunging high-grade shoots at the western end of the Three Bluffs Zone” said John Williamson, President and CEO of North Country Gold Corp, “ This new trend has now been delineated over at least 600 m of strike and demonstrates increasing grades as we continue to drill to depth To date the deepest drill hole in this new trend is only 250 m below surface and mineralization remains wide open to depth along the extent of its strike” added Mr. Williamson.
TABLE 1: HIGHLIGHTS FROM THE 2011 WESTERN THREE BLUFFS DIAMOND DRILLING
Drill Hole |
From(m) |
To(m) |
Au (g/t) |
Length(m) |
Grade Thickness |
| 11TB128* |
261.00 |
274.00 |
18.13 |
13.00 |
235.69 |
| 11TB126* |
233.00 |
269.00 |
3.09 |
36.00 |
111.24 |
| 11TB125* |
180.00 |
195.00 |
4.19 |
15.00 |
62.85 |
| 11TW015** |
105.00 |
109.00 |
43.02 |
4.00 |
172.08 |
| 11TB104** |
108.00 |
133.00 |
7.34 |
25.00 |
183.50 |
| 11TW016** |
146.00 |
157.25 |
15.00 |
11.25 |
168.75 |
| 11TB122** |
225.00 |
243.00 |
12.34 |
18.00 |
222.12 |
*Denotes holes highlighted in this release. Complete results for the 29 holes are given in Table 3. **Denotes holes released on July 16th, August 9th, and October 23rd , 2011.
At the Three Bluffs Gold Deposit, which comprises part of the Walker Lake Trend, drilling now confirms continuous gold mineralization over at least 1.4 km in strike extent and to depths of over 300 m. In addition, drilling at the Antler gold deposit has intersected continuous gold mineralization over at least 1 km and also to depths of at least 300 m (Figure 1).
It is clear that the Walker Lake Trend is a significant long lived gold mineralizing system over 4 km in strike extent and to depths of at least 320 m. In general, virtually all diamond drill holes that intercept the 30 to 50 m wide sheared zone of silicified and altered Achaean greenstone rocks contain intervals of 1 gram level gold grades. Modeling of the gold zones using a 0.5 gram cut-off confirms that the gold mineralization is continuous along strike (red zone in upper portion of Figure 1). Within the broader gold mineralizing system, high-grade portions or shoots are developed (up to 7.37 g Au/t across 68.30 m, Eastern Three Bluffs, and 18.13 g Au/t across 13.06 m, Western Three Bluffs)(Figure 1). To date, the 3 deepest holes contain significant high-grade gold mineralization at greater than 250 m below surface (Table 2, and Figure 1).
TABLE 2 HIGH-GRADE GOLD INTERCEPTS BELOW 250 M
Drill Hole |
From(m) |
To(m) |
Au (g/t) |
Length(m) |
Grade Thickness |
| 11AN042 |
308.00 |
319.00 |
4.35 |
10.00 |
43.50 |
| 11TB128* |
261.00 |
274.00 |
18.13 |
13.00 |
235.69 |
| 05TB038N** |
379.73 |
384.54 |
36.25 |
4.81 |
174.36 |
| 05TB038S** |
298.00 |
301.74 |
9.03 |
3.74 |
33.77 |
*Denotes holes highlighted in this release. **Denotes North and South limb zones intersected in Hole 05TB038.
The 3 deepest holes in Table 2 above are drilled over a strike length of approximately 2.5 km and are coincident with strong Titan 24 deep IP chargeability-resistivity geophysical anomalies that persist to at least 500 m in depth, further supporting the depth potential of the high-grade zones within the Walker Lake system.
About North Country Gold Corp.
North Country Gold Corp. controls one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The gold-rich Committee Bay Greenstone Belt is located 180 km northeast of the of Agnico Eagle’s Meadowbank gold mine. The Three Bluffs deposit is geologically comparable, with similar grades, type of mineralization and age as Meadowbank and Meliadine Gold Deposits. The Company holds 100% interest in 530,630 acres along the 300 km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.
NORTH COUNTRY GOLD CORP. WILL BE RELEASING AN UPDATED GOLD RESOURCE IN 2012.
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.
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
Vice President of Corporate Development and 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
TABLE 3: THREE BLUFFS DRILL HOLE COMPLETE RESULTS NOVEMBER 8, 2011
Drill Hole |
Target |
From (metres) |
To (metres) |
Length (metres) |
Au (g/t) |
11TB128 |
TB |
261.00 |
274.00 |
13.00 |
18.13 |
including |
|
263.00 |
271.00 |
8.00 |
28.75 |
|
|
309.00 |
318.00 |
9.00 |
1.63 |
11TB126 |
TB |
206.00 |
208.00 |
2.00 |
2.02 |
|
|
233.00 |
269.00 |
36.00 |
3.09 |
including |
|
245.00 |
249.00 |
4.00 |
13.85 |
and |
|
259.00 |
264.00 |
5.00 |
4.01 |
11TB125 |
TB |
180.00 |
195.00 |
15.00 |
4.19 |
including |
|
187.00 |
194.30 |
7.30 |
5.46 |
|
|
217.00 |
220.00 |
3.00 |
1.13 |
11TB123 |
TB |
145.00 |
158.00 |
13.00 |
3.88 |
|
|
191.00 |
197.00 |
6.00 |
1.12 |
11TW028 |
TB |
202.00 |
230.00 |
28.00 |
1.53 |
including |
|
202.00 |
203.00 |
1.00 |
3.95 |
and |
|
211.00 |
217.00 |
6.00 |
3.62 |
and |
|
223.00 |
225.00 |
2.00 |
3.39 |
11TW032 |
TB |
262.00 |
264.00 |
2.00 |
19.38 |
11TB130B |
TB |
201.00 |
204.00 |
3.00 |
1.80 |
|
|
235.00 |
252.00 |
17.00 |
1.71 |
including |
|
235.00 |
238.00 |
3.00 |
3.24 |
and |
|
248.00 |
252.00 |
4.00 |
2.06 |
11TB121 |
TB |
135.00 |
142.00 |
7.00 |
2.17 |
|
|
171.00 |
182.00 |
11.00 |
2.26 |
11TB113 |
TB |
151.00 |
163.36 |
12.36 |
1.76 |
including |
|
157.00 |
161.00 |
4.00 |
2.89 |
|
|
195.00 |
206.00 |
11.00 |
1.60 |
11TB0111 |
TB |
9.00 |
10.00 |
1.00 |
1.89 |
|
|
16.00 |
17.00 |
1.00 |
1.05 |
|
|
29.00 |
30.00 |
1.00 |
1.37 |
|
|
38.00 |
39.00 |
1.00 |
1.31 |
|
|
53.00 |
54.00 |
1.00 |
1.29 |
|
|
98.00 |
111.33 |
13.33 |
1.24 |
|
|
114.00 |
115.00 |
1.00 |
1.22 |
|
|
133.00 |
134.00 |
1.00 |
1.50 |
|
|
139.00 |
140.30 |
1.30 |
2.60 |
11TB112C |
TB |
109.00 |
131.00 |
22.00 |
0.73 |
including |
|
109.00 |
110.00 |
1.00 |
1.41 |
and |
|
113.00 |
114.00 |
1.00 |
2.21 |
and |
|
121.52 |
125.00 |
3.48 |
1.29 |
and |
|
130.00 |
131.00 |
1.00 |
1.10 |
|
|
164.00 |
177.05 |
13.05 |
0.93 |
including |
|
164.00 |
172.00 |
8.00 |
1.13 |
11TW026 |
TB |
160.00 |
164.00 |
4.00 |
3.63 |
|
|
204.00 |
205.00 |
1.00 |
3.54 |
11TB127 |
TB |
288.00 |
291.00 |
3.00 |
4.81 |
|
|
299.00 |
300.00 |
1.00 |
5.00 |
11TB0115 |
TB |
92.00 |
98.00 |
4.00 |
1.12 |
|
|
113.00 |
117.00 |
4.00 |
3.21 |
including |
|
116.00 |
117.00 |
1.00 |
9.75 |
|
|
126.00 |
127.00 |
1.00 |
1.36 |
|
|
140.00 |
141.44 |
1.44 |
1.41 |
|
|
144.00 |
145.00 |
1.00 |
1.56 |
|
|
146.00 |
147.00 |
1.00 |
1.14 |
|
|
149.00 |
150.00 |
1.00 |
1.59 |
11TW027 |
TB |
204.35 |
208.00 |
3.65 |
3.47 |
11TW031 |
TB |
245.00 |
249.00 |
4.00 |
3.12 |
11TB0114 |
TB |
162.00 |
163.00 |
1.00 |
1.57 |
|
|
170.96 |
172.00 |
1.03 |
1.74 |
|
|
184.05 |
189.71 |
5.66 |
1.79 |
including |
|
188.00 |
189.71 |
1.71 |
3.72 |
|
|
194.00 |
195.00 |
1.00 |
2.60 |
|
|
214.00 |
224.00 |
10.00 |
1.24 |
|
|
230.00 |
231.00 |
1.00 |
1.05 |
11TB117 |
TB |
143.00 |
153.00 |
10.00 |
0.98 |
including |
|
143.00 |
145.00 |
2.00 |
2.61 |
|
|
199.00 |
207.47 |
8.47 |
1.27 |
|
|
222.00 |
223.00 |
1.00 |
2.31 |
|
|
239.00 |
242.00 |
3.00 |
1.47 |
11TB0112B |
TB |
52.00 |
55.15 |
3.15 |
1.49 |
|
|
126.00 |
134.00 |
8.00 |
1.32 |
11TW030 |
TB |
207.00 |
212.19 |
5.19 |
1.99 |
11TB118 |
TB |
188.00 |
189.00 |
1.00 |
2.96 |
|
|
201.00 |
202.00 |
1.00 |
1.15 |
|
|
204.00 |
205.00 |
1.00 |
1.06 |
|
|
259.00 |
263.00 |
4.00 |
2.07 |
11TW029 |
TB |
224.00 |
227.00 |
3.00 |
1.11 |
11TW022 |
TB-ANT GAP |
234.00 |
235.33 |
1.33 |
2.37 |
|
|
236.00 |
237.00 |
1.00 |
2.84 |
|
|
256.00 |
257.00 |
1.00 |
1.30 |
11TW023 |
TB-ANT GAP |
175.00 |
176.07 |
1.07 |
2.71 |
11TW021B |
TB-ANT GAP |
173.00 |
174.00 |
1.00 |
1.45 |
11TW019 |
TB |
141.00 |
142.00 |
1.00 |
1.06 |
|
|
170.00 |
170.89 |
0.89 |
1.54 |
11TW025B |
TB-ANT GAP |
118.00 |
119.00 |
1.00 |
1.20 |
11TW021C |
TB-ANT GAP |
NSI |
|
|
|
11TW024 |
TB-ANT GAP |
NSI |
|
|
|
TB- Three Bluffs, TB-ANT GAP – Exploration holes between Three Bluffs and Antler
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