News Releases - northcountrygold.com http://northcountrygold.com/news/ News Releases Wed, 08 May 2024 16:17:57 en 491 Acquisition By Auryn Resources Inc. Approved By Shareholders Of North Country North Country Gold Corp. (TSX V: NCG) (“North Country”) and Auryn Resources Inc. (TSX V:AUG, OTCQX:GGTCF) ("Auryn") are pleased to announce that the plan of arrangement (the “Arrangement”), pursuant to which Auryn will acquire all of the issued and outsta http://northcountrygold.com/news/index.php?content_id=491 2015-09-18 14:08:00 September 18, 2015, Edmonton, Alberta – North Country Gold Corp. (TSX‑V: NCG) (“North Country”) and Auryn Resources Inc. (TSX‑V:AUG, OTCQX:GGTCF) ("Auryn") are pleased to announce that the plan of arrangement (the “Arrangement”), pursuant to which Auryn will acquire all of the issued and outstanding common shares of North Country (“North Country Shares”), was approved by North Country shareholders at the special meeting of North Country shareholders held on September 18, 2015. At the meeting, approximately 99.85% of the votes cast by North Country shareholders were voted in favour of the Arrangement.  A total of 49,345,323 North Country Shares were voted at the meeting, representing approximately 33.34% of the votes attached to all outstanding North Country Shares.

The Arrangement is being proposed under, and is subject to the terms and conditions of, an arrangement agreement dated August 13, 2015 between North Country and Auryn (the “Arrangement Agreement”). Assuming the Arrangement becomes effective, holders of North Country Shares will receive 0.1 of a common share of Auryn (each whole common share, an “Auryn Share”) for each North Country Share held (such exchange ratio being hereinafter referred to as the “Exchange Ratio”). In addition, each outstanding option to acquire North Country Shares is to be amended to convert into Auryn Shares with the number and price adjusted by the Exchange Ratio.

North Country is seeking a final order of the Court of Queen’s Bench of Alberta to approve the Arrangement at a hearing expected to be held on or about September 22, 2015. In addition to the approval of the court, the Arrangement is subject to the satisfaction of other closing conditions customary in a transaction of this nature. It is currently expected that, subject to receipt of all approvals, the Arrangement will close on or about September 25, 2015.

The deadline has passed for registered holders of North Country Share to provide a written objection to the Arrangement Resolution to North Country in order to exercise dissent rights pursuant to the Interim Order obtained in connection with the Arrangement.

Full details of the Arrangement and certain other matters are set out in the management information circular of North Country dated August 20, 2015 (the “Information Circular”). A copy of the Information Circular and other meeting materials can be found under North Country’s profile on SEDAR at www.sedar.com.

A Letter of Transmittal was sent to each registered holder of North Country Shares together with the Information Circular.  It contains instructions for obtaining delivery of a Direct Registration System Advice evidencing ownership of Auryn Shares which such registered holder of North Country Shares is entitled to receive upon the Arrangement becoming effective.  For further details see the Information Circular.

On Behalf of North Country Gold Corp.:
Brian Budd

On Behalf of Auryn Resources Inc.:
Shawn Wallace

For further details on the North Country Gold Corp., contact Brian Budd (604) 697-2861.

For further details on Auryn Resources Inc., contact Shawn Wallace (778) 729-0600.

Neither 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 events or developments that the companies expect are forward-looking statements. Although the companies believe 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. The principal factors that could cause actual results to differ materially from those in forward-looking statements in connection with this news release include the outcome of regulatory and judicial approvals. 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 companies, investors should review the companies’ continuous disclosure filings that are available at www.sedar.com.

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490 North Country and Auryn Resources Execute Formal Agreement For Previously Announced Acquisition North Country Gold Corp. (TSX-V:NCG) (“North Country”) and Auryn Resources Inc. (TSXV:AUG, OTCQX:GGTCF) (“Auryn”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) http://northcountrygold.com/news/index.php?content_id=490 2015-08-13 19:03:00


Edmonton (August 13, 2015) – North Country Gold Corp. (TSX-V:NCG) (“North Country”) and Auryn Resources Inc. (TSXV:AUG, OTCQX:GGTCF) (“Auryn”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Auryn will acquire 100% of North Country under a plan of arrangement (the “Arrangement”) on the terms disclosed in their joint news release issued on June 30, 2015.  Under the Arrangement, North Country shareholders will receive one Auryn common share for each ten North Country common shares held at the time of completion of the Arrangement.

Completion of the Arrangement is principally subject to (a) approval of at least 66⅔% of the votes cast at a special meeting of North Country shareholders (the “Meeting”) and a simple majority of the votes cast at the Meeting by North Country shareholders other than certain insiders; (b) TSX Venture Exchange (“TSXV”) approval; and (c) Alberta Queen’s Bench Court approval.  Full details of the Arrangement will be set out in the information circular of North Country which North Country expects to mail to its shareholders in respect of the Meeting within two weeks. Assuming all the requisite approvals are received, Auryn and North Country still expect to close the proposed Arrangement before the end of September 2015. Further details of the Arrangement are found in the June 30, 2015 news release.

Directors and officers of North Country, holding an aggregate of approximately 5.3% of the issued and outstanding North Country common shares, have entered into voting and lock-up agreements in which they have agreed, among other things, that they will support the transaction and vote their North Country shares in favour of the Arrangement. The Arrangement Agreement provides for, among other things, customary board support and non-solicitation covenants of North Country, with a “fiduciary out” provision that allows North Country to accept a superior proposal in certain circumstances and a three business day “right to match period” in favour of Auryn. There is also provision for a bridge loan of up to $1 million from Auryn to North Country if required.

Primary Capital Inc., North Country’s financial adviser in connection with the Arrangement, has re-affirmed its opinion to the board of directors of North Country that, as of the date hereof and subject to the assumptions, limitations and qualifications set out therein, the Arrangement is fair, from a financial point of view, to the shareholders of North Country other than Auryn.

North Country's board of directors, acting on the recommendation of a special committee of independent directors, after consultation with North Country’s financial and legal advisors, has unanimously determined that the consideration to be received by North Country shareholders pursuant to the Arrangement is fair from a financial point of view to North Country Shareholders, other than Auryn, and that the Arrangement is in the best interests of North Country and its shareholders, and has unanimously recommended that North Country shareholders vote in favour of the Arrangement.

Copies of the Arrangement Agreement, support agreements, information circular and certain related documents will be filed with securities regulators and will be available on SEDAR at www.sedar.com in due course. In accordance with the terms of the Arrangement Agreement which permits Auryn to raise up to an additional $10 million in new equity at a price of not less than $1.00 per share prior to completion of the Arrangement, Auryn has announced a proposed financing of $4.8 million through the sale of 4 million equity units (common share plus warrant) at $1.20. The warrants are exercisable for two years, subject to accelerated expiry, for $1.70 per common share. The relative percentage ownership of Auryn after the acquisition of North Country will vary slightly from that previously announced if the new equity money is secured.

The status of the acquisition and financing transactions and projected completion dates will be updated by news releases from time to time.

On Behalf of North Country Gold Corp.:

Brian Budd


On Behalf of Auryn Resources Inc.

Shawn Wallace


For further details on the North Country Gold Corp., contact Brian Budd (604) 697-2861. 

For further details on Auryn Resources Inc., contact Investor Services (778) 729-0600.

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 events or developments that the companies expect are forward-looking statements. Although the companies believe 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. The principal factors that could cause actual results to differ materially from those in forward-looking statements in connection with this news release include the uncertainty of North Country shareholders approvals, and the outcome of regulatory and judicial approvals. 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 companies, investors should review the companies’ continuous disclosure filings that are available at www.sedar.com.

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489 North Country Gold and Auryn Resources initiates exploration and commences drilling on the SW region of the Committee Bay Gold Project North Country Gold Corp. (NCG: TSXV, “North Country”), and Auryn Resources Inc. (TSX-V: AUG, OTCQX: GGTCF “Auryn”) are pleased to announce the initiation of a $4 million 2015 summer exploration program at the Committee Bay Gold Project (“Committee Bay”) l http://northcountrygold.com/news/index.php?content_id=489 2015-07-08 06:56:00


July 8, 2015 Edmonton, Alberta North Country Gold Corp. (NCG: TSXV, “North Country”), and Auryn Resources Inc. (TSX-V: AUG, OTCQX: GGTCF “Auryn”) are pleased to announce the initiation of a $4 million 2015 summer exploration program at the Committee Bay Gold Project (“Committee Bay”) located in Nunavut, Canada. The 2015 exploration program will focus on existing drill-ready targets as well as new areas identified through a recently completed prospectivity analysis on the southwest region of the Committee Bay belt.

The completion of geological, geophysical, and geochemical analysis on the existing data from the Committee Bay project has resulted in the identification of several targets that are collectively considered as potential deposit “footprints” (please see Figure 1).  These targets will be the focus of North Country and Auryn’s near-term exploration efforts in the Committee Bay belt.  Further analysis across the central and northeast regions of Committee Bay are expected to be completed by Q4, 2015.

The focus of the summer program is to bring an innovative exploration approach to the Arctic with the goal of maximizing operational efficiencies to reduce the cost of drilling and regional exploration work.  The exploration program will be comprised of 3,000 to 5,000 metres of rotary air blast (“RAB”) drilling utilizing a light weight mobile drill, drone aerial imagery acquisition at 10 cm resolution across the entire project area, 60 line km of IP geophysics, structural mapping, and a till sampling program utilizing bulk cyanide leach methodology.

Brian Budd, President of North Country stated, "We are pleased to recommence joint exploration at Committee Bay where North Country’s past exploration successes have established its significant gold endowment. Through collaboration with our partners we look forward to testing new and existing areas, methods and technologies during the 2015 campaign in order to unlock the full potential of the belt in 2016 and beyond.”

Shawn Wallace President and CEO of Auryn stated, “The results of the comprehensive analysis completed to date further confirms the high prospectivity for gold exploration at the district scale Committee Bay project. This study reinforces our belief that this is an area that is vastly underexplored with numerous additional targets to be identified.”

The planned exploration program will focus on known and newly identified targets in the West Plains and Raven areas. Previous drilling highlights from these areas are listed in Table 1 below.  The RAB drilling will focus on expanding known mineralized trends along strike as well as testing newly identified targets areas.  Ground IP geophysical surveys and till sampling will be conducted across newly identified target areas prior to drill testing.

Table 1 Committee Bay Greenstone Belt – West Plains and Raven Drilling Highlights1

  Hole ID Depth from (m) Depth to (m) Length (m)1 Grade (g/t Au)
West Plains 05WP004*2 56.85 65.58 8.73 14.76
West Plains 06WP006*3 109.00 117.00 8.00 13.14
Raven 05RV001*4 102.38 107.79 5.49 12.60
Raven 05RV002*4 38.81 41.24 2.43 36.22

Notes:
1 Drill hole intersections are recorded as down the hole lengths.  True thicknesses of intersections are unknown.

* Please see press releases dated 2August 25th, 2005, 3October 6th 2006, and 4May 19th, 2005 filed on Sedar under Niblack Mineral Development Inc.

On Behalf of North Country Gold:
Brian Budd

On Behalf of Auryn Resources:
Shawn Wallace

About the Committee Bay Gold Project

Committee Bay comprises one of a number of Archean aged greenstone belts occurring within the larger Western Churchill province of north-eastern Canada. The character and history of rock packages, and the timing and nature of mineralization occurring across the belt is considered to be equivalent to that of other significant gold bearing Archean greenstones within the same province, which host deposits such as Meadowbank and Meliadine.

About North Country Gold and Auryn Resources

As a proven industry leader, North Country Gold applies disciplined scientific exploration methods in stable and safe mining jurisdictions to discover, acquire, develop and enhance the value of high quality gold projects.

On June 30, 2015, Auryn and North Country announced that they have entered into a letter agreement pursuant to which Auryn will acquire North Country under a plan of arrangement (the “Arrangement”). The consideration for 100% of the North Country shares which Auryn does not already own will be the issuance of approximately 13.8 million Auryn shares valued at approximately $20.4 million based on $1.48 per share volume weighted average price of Auryn shares on the TSXV for the 20-day period ending June 29, 2015. Under the proposed Arrangement, North Country shareholders will receive one Auryn share for each ten North Country common shares held at the time of completion of the Arrangement. The acquisition price represents a premium of 65.5% to the volume weighted average price of North Country shares on the TSX Venture Exchange for the 20-day period prior to June 30, 2015 and a 48% premium to the June 29, 2015 closing price of North Country (June 29, 2015 being the last trading day prior to announcement of the transaction).

Completion of the Arrangement is principally subject to negotiation of a definitive Arrangement agreement, special majority approval by North Country security holders, as well as TSX Venture Exchange approval and Alberta Queen’s Bench Court approval. Full details of the Arrangement will be set out in North Country’s information circular which will be prepared in respect of the meeting of security holders to consider the Arrangement. North Country intends to mail the information circular within the next 45 days. The transaction is expected to close before the end of September 2015. No broker’s or success fees are payable in connection with the transaction.

The content of this news release and the Company’s technical disclosure has been reviewed and approved by Simeon Robinson, B.Sc., P.Geo., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com

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 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. The principal factors that could cause actual results to differ materially from those in forward-looking statements in connection with this news release include the uncertainty of North Country shareholders approvals, and the outcome of regulatory and judicial approvals. 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.

Figure 1:  Prospectivity Analysis SW region of Committee Bay Belt.

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487 Auryn Resources to Acquire North Country Gold Auryn Resources Inc. (TSXV:AUG, OTCQX:GGTCF) ("Auryn") and North Country Gold Corp. (TSX-V:NCG) ("North Country") are pleased to announce that they have entered into a letter agreement pursuant to which Auryn will acquire North Country under a plan of arr http://northcountrygold.com/news/index.php?content_id=487 2015-06-30 15:21:00 Acquisition Provides Auryn with 100% Ownership of Committee Bay Gold Project

Vancouver (June 30, 2015) – Auryn Resources Inc. (TSXV:AUG, OTCQX:GGTCF) ("Auryn") and North Country Gold Corp. (TSX-V:NCG) ("North Country") are pleased to announce that they have entered into a letter agreement pursuant to which Auryn will acquire North Country under a plan of arrangement (the "Arrangement"). The consideration for 100% of the North Country shares which Auryn does not already own will be the issuance of approximately 13.8 million Auryn shares valued at approximately $20.4 million based on $1.48 per share volume weighted average price of Auryn shares on the TSXV for the 20-day period ending June 29, 2015.  Under the proposed Arrangement, North Country shareholders will receive one Auryn share for each ten North Country common shares held at the time of completion of the Arrangement. The acquisition price represents a premium of 65.5% to the volume weighted average price of North Country shares on the TSX Venture Exchange for the 20-day period prior to June 30, 2015 and a 48% premium to the June 29, 2015 closing price of North Country (June 29, 2015 being the last trading day prior to announcement of the transaction). 

The letter agreement requires that directors and officers of North Country (representing an aggregate of approximately 4.5% of the issued and outstanding North Country common shares) will enter into support agreements concurrently with execution of a definitive arrangement agreement to be entered into between Auryn and North Country within approximately 30 days. The support agreements will provide that these key shareholders will, amongst other things, support the transaction and vote their North Country shares in favour of the Arrangement. 

The approximately 13.8 million Auryn shares to be issued will constitute approximately 30.7% of Auryn's outstanding shares after completion of the Arrangement. Auryn does not believe approval of its shareholders will be required in connection with the Arrangement but is confident that if such approval is required by the TSX Venture Exchange, it can be readily obtained.

North Country owns a 100% interest in the Committee Bay project located in Nunavut, Canada, subject to a 51% earn-in right held by Auryn (see the joint press release dated February 5, 2015). The Committee Bay project includes 66,160 hectares situated along the Committee Bay Greenstone Belt (the “CBGB”) which occurs approximately 180 km northeast of Agnico Eagle Mines’ Meadowbank mine and extends for more than 300 km.

For additional details on the Committee Bay project, please refer to the North Country and Auryn websites, www.northcountrygold.com and www.aurynresources.com

Shawn Wallace President and CEO of Auryn Stated: “The acquisition of North Country gives Auryn a 100% ownership of the district scale, high quality, high grade Committee Bay Gold Project. In the past few months we have undertaken extensive studies on the work already completed by North Country and believe in the opportunity for the discovery of multiple major high grade gold deposits across the district.”

Completion of the Arrangement is principally subject to negotiation of a definitive Arrangement agreement, special majority approval by North Country security holders, as well as TSX Venture Exchange approval and Alberta Queen’s Bench Court approval.  Full details of the Arrangement will be set out in North Country's information circular which will be prepared in respect of the meeting of security holders to consider the Arrangement.  North Country intends to mail the information circular within the next 45 days.  The transaction is expected to close before the end of September 2015. No broker’s or success fees are payable in connection with the transaction.

Pursuant to the letter agreement, North Country is subject to customary non-solicitation covenants and has agreed to pay a termination fee of $0.5 million to Auryn in the event it terminates the Agreement in favour of a superior offer or completes any alternative transaction within six months of termination for any reason. Auryn will make a credit facility of $1.0 million available to North County pending completion to ensure continued progress at Committee Bay during this period. 

North Country’s financial adviser in connection with the Arrangement is Primary Capital Inc. and its legal counsel is Dentons Canada LLP.  Primary Capital has provided a verbal opinion to the board of directors of North Country that, as of the date thereof and subject to the assumptions, limitations and qualifications set out therein, the Arrangement is fair, from a financial point of view, to the shareholders of North Country other than Auryn.

North Country's board of directors has unanimously determined that the Arrangement is in the best interests of North Country and its security holders.  It is expected that, upon execution of a definitive Arrangement agreement, North Country’s board of directors will unanimously recommend that North Country security holders vote in favour of the Arrangement.

Copies of the letter agreement, Arrangement agreement, support agreements, management information circular and certain related documents will be filed with securities regulators and will be available on SEDAR at www.sedar.com in due course. The status of the transaction and projected completion date will be updated by news releases from time to time.

About Auryn Resources:  Auryn Resources is a junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company's management team is highly experienced with an impressive track record of success in the discovery, development, financing and monetizing of mining assets for shareholders.

 

On Behalf of North Country Gold:

Brian Budd

 

On Behalf of Auryn Resources

Shawn Wallace

 

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 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. The principal factors that could cause actual results to differ materially from those in forward-looking statements in connection with this news release include the uncertainty of North Country shareholders approvals, and the outcome of regulatory and judicial approvals. 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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486 North Country Gold and Auryn Resources sign Definitive Joint Exploration Agreement for the High Grade Committee Bay Gold Project and complete Private Placement North Country Gold Corp. (TSX-V: NCG, “North Country”) and Auryn Resources Inc. (TSX-V: AUG, “Auryn”) jointly announce the execution of a definitive Joint Exploration Agreement (the “JEA”) http://northcountrygold.com/news/index.php?content_id=486 2015-03-20 05:01:00


Edmonton, Alberta – March 20, 2015 - North Country Gold Corp. (TSX-V: NCG, “North Country”) and Auryn Resources Inc. (TSX-V: AUG, “Auryn”)  jointly announce the execution of a definitive Joint Exploration Agreement (the “JEA”) whereby Auryn can earn a 51% interest in North Country’s Committee Bay Project in Nunavut, Canada, under the terms of the Letter of Intent previously announced on February 5, 2015.  

Under the JEA, Auryn has the option to spend $6,000,000 CDN over a 30-month period to earn a 51% interest in the mineral concessions comprising the Committee Bay Project at which time the parties will share costs pro-rata in a customary joint venture. Of this amount, $500,000 is a firm commitment to be incurred within the first 12 months. A technical committee will be formed to jointly plan and oversee exploration programs. Auryn will have ultimate discretion over the nature and manner of exploration undertaken during the earn-in period and will become the Operator of the ensuing joint venture, while North Country will provide staff, equipment and consumables as the Contractor to implement programs.

As a condition of the JEA, Auryn has agreed to purchase 10 million North Country common shares at a price of $0.05 each as part of a non-brokered private placement of 20 million common shares of North Country (the “Common Shares”) also previously announced on February 5, 2015 (the “Private Placement”). 

The TSX Venture Exchange has provided final approval for the JEA and the Private Placement. 

The Common Shares are subject to a hold period expiring on July 20, 2015. 

In connection with the Private Placement, North Country paid finders’ fees of 5% cash to certain agents with respect to certain subscription agreements.  The total finders’ fees paid was $14,375.

With the completion of the JEA, the parties are currently formulating exploration strategies for the 2015 season. The 2015 program is designed to create a district scale geologic model that will pave the way for more intensive drill campaigns in 2016 and 2017.

Brian Budd, President of North Country stated, “North Country Gold welcomes Auryn to the Committee Bay Project, and is very pleased to have a partner that shares our belief in the exploration potential of the belt. The combined expertise of the two companies will continue to create significant shareholder value through discovery by implementing new ideas and technologies, and accessing new investment for the project.”

Shawn Wallace President and CEO of Auryn Resources stated: “We are very pleased to have completed the definitive agreement with North Country on the Committee Bay Project.  Auryn is very excited to be participating in unlocking the value of a district scale, high grade gold exploration opportunity in Canada.”

About Auryn Resources:  Auryn Resources is a junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company's management team is highly experienced with an impressive track record of success in the discovery, development, financing and monetizing of mining assets for shareholders.

About North Country Gold Corp:  As a proven industry leader, North Country Gold’s vision is to acquire, and aggressively enhance existing assets while growing  the aggregate  value of its high quality gold projects. Applied through disciplined scientific exploration and development,  in stable and safe mining jurisdictions.

On Behalf of North Country Gold:

Brian Budd
President & 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 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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485 Auryn Resources and North Country Gold to jointly explore the high-grade Committee Bay Gold Belt Edmonton, Alberta – February 5, 2015 - North Country Gold Corp. (TSX-V: NCG: NCGDF: OTCQX, “North Country”) and Auryn Resources Inc. (TSX-V: AUG, “Auryn”), jointly announce that they have signed a letter of intent (the “LOI”) whereby Auryn can earn a 51% http://northcountrygold.com/news/index.php?content_id=485 2015-02-05 10:16:12 Edmonton, Alberta – February 5, 2015 - North Country Gold Corp. (TSX-V: NCG: NCGDF: OTCQX, “North Country”) and Auryn Resources Inc. (TSX-V: AUG, “Auryn”), jointly announce that they have signed a letter of intent (the “LOI”) whereby Auryn can earn a 51% interest in North Country’s Committee Bay Project in Nunavut, Canada. This mineral project includes 184,481 acres situated along the Committee Bay Greenstone Belt (the “CBGB”). The CBGB occurs approximately 180 km NE of Agnico Eagle Mines' Meadowbank mine and extends more than 300 km northeast.

Shawn Wallace, President and CEO of Auryn stated, "We are very pleased to have successfully formed a working relationship with North Country. The opportunity to leverage the large amount of quality exploration work completed to date in order to exploit the exploration potential of this highly productive, prolific high grade gold district presents an excellent opportunity for value creation that will benefit both companies’ shareholders. Entering into this agreement also signifies Auryn’s first step at realizing its aspirations of becoming a formidable high grade gold exploration and development company in the Americas.”

Brian Budd, President North Country stated, "We are pleased that Auryn shares North Country’s enthusiasm for the unequalled investment opportunity offered by our high-grade Committee Bay Gold Project and look forward to creating significant shareholder value together by applying our combined technical and market expertise to advance the Project toward an economic outcome.”

Under the terms of the LOI, Auryn shall have the option to spend $6,000,000 over a 30 month period to earn a 51% interest in the Committee Bay Project at which time the parties will share costs pro rata in a customary joint venture. Of this amount, $500,000 is a firm commitment upon signing of a definitive option agreement (the “Definitive Agreement”), which is to supersede the LOI. A technical committee will be formed to jointly plan and oversee exploration programs. Auryn will have ultimate discretion over the nature and manner of exploration undertaken during the earn-in period and will become the Operator of the ensuing joint venture, while North Country will provide staff, equipment and consumables as the Contractor to implement programs. Upon execution of the Definitive Agreement, Auryn will purchase 10 million North Country common shares at price of $0.05 each (the “Auryn Placement”) as part of a non-brokered private placement of 20 million common shares to be completed by North Country at a price of $0.05 per share.  Completion of these transactions is subject to negotiation of definitive agreements and TSX Venture Exchange approval.

The CBGB comprises one of a number of Archean aged greenstone belts occurring within the larger Western Churchill province of north-eastern Canada. The character and history of rock packages, and the timing and nature of mineralization occurring within the CBGB is considered to be equivalent to that of other significant gold bearing Archean greenstones within the Western Churchill Province, which hosts deposits such as Meadowbank and Meliadine.

High-grade gold occurrences are found throughout the 300 km strike length of the CBGB with the most significant being the Three Bluffs deposit that contains resources as listed in the table below: *(refer to NI43-101 report dated May 18, 2012 filed under North Country’s profile at www.sedar.com)


Class
Cut off grade (g/t Au) Tonnes (000 t) Gold grade (g/t Au) Contained Au (oz)
Indicated 3.5 1837.9 8.43 497,800
Inferred 3.5 2486.8 8.11 648,300

Cautionary Note About Mineral Resources:

Mineral Resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.

Numbers may not add-up due to rounding.

Three Bluffs resource estimations were completed by Roscoe Postle Associates Ltd in April of 2012 (see North Country press release dated April 4th, 2012 and the Technical Report on the Three Bluffs Project, Nunavut Territory, Canada filed on Sedar, May 18, 2012).

There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.

Three Bluffs deposit remains open for expansion both along strike and at depth and is considered to have excellent exploration upside to significantly increase the resource base within 5km of the currently defined deposit trend. 

Importantly, a high quality pipeline of targets exists within the CBGB that are both drill ready and can quickly be advanced to drill stage.  The most advanced of these targets are high-grade occurrences that have been defined through initial diamond drill testing.  These include the Inuk, West Plains, and Raven targets that have the following drilling highlights listed in the table below.  Collectively, these advanced targets demonstrate the potential to define additional high-grade resources within the CBGB.


Prospect
Hole ID Depth from (m) Depth to (m) Length (m) Grade (g/t Au)
Inuk 3I001B*1** 62.00 74.60 12.60 16.04
Inuk 07IN006*2** 67.00 78.00 11.00 11.18
West Plains 05WP004*3** 56.85 65.58 8.73 14.76
West Plains 06WP006*4** 109.00 117.00 8.00 13.14
Raven 05RV001*5** 102.38 107.79 5.49 12.60
Raven 05RV002*5** 38.81 41.24 2.43 36.22

* Please see press releases dated 1September 2nd, 2003, 2September 5th, 2007, 3August 25th, 2005, 4October 6th 2006, and 5May 19th, 2005 filed on Sedar under Niblack Mineral Development Inc.

** True width of intercept unknown

Regional exploration targets will be developed through an integrated geochemical, geophysical, and geological evaluation of the extensive database developed across the CBGB by North Country over the last 20 years.  The database has highlighted 115 rock samples grading greater than 5g/t Au that fall across nine broad areas that have not had any follow up first pass drilling within a 200m radius.

About Auryn Resources:  Auryn Resources is a junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company's management team is highly experienced with an impressive track record of success in the discovery, development, financing and monetizing of mining assets for shareholders.

About North Country Gold Corp:  North Country Gold’s vision is to build the company into a long term junior to mid-tier gold producer through disciplined exploration and development of high quality gold assets in stable safe mining jurisdictions.

The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. 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 North Country Gold:

Brian Budd

President & Director

Email: [email protected]

Tel: 604.671.5291

On Behalf of Auryn Resources Inc.:

Shawn Wallace

President, CEO and Director

Email: [email protected]

Tel: 778.729.0600

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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483 NCG Completes Infrastructure Maintenance At Three Bluffs Project North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country”, “NCG” or the “Company”) today announced the company has completed a site and infrastructure maintenance program at its Three Bluffs Gold project located northeast of Baker Lake, in Nu http://northcountrygold.com/news/index.php?content_id=483 2014-09-30 05:58:00 September 30, 2014, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country”, “NCG” or the “Company”) today announced the company has completed a site and infrastructure maintenance program at its Three Bluffs  Gold project located  northeast of Baker Lake, in Nunavut, Canada. The four week program addressed servicing of camp infrastructure, motive and drill equipment fleet and included site visits by key consultants to allow completion of a PEA if permissible during Q4, 2014 and Q1, 2015.

“After significant redefinition of the Three Bluffs Gold project in terms of its exploration potential, we are now preparing to recommence exploration activity. North Country Gold’s 2014 maintenance program was conducted to ensure availability of the site infrastructure, drilling fleets and mobile support vehicles for a highly anticipated late winter/early spring start to our 2015 exploration campaign”, stated Brian Budd, President of North Country Gold. “In addition the completion of site visits by key consultants during the program will allow for preparation and completion of a possible PEA during the remainder of 2014 and early 2015” added Mr. Budd.

Three Bluffs Gold Deposit
The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a combined open pit/underground resource of 4.30 Mt at 4.91 g/t gold for 683,000 ounces gold (indicated) and 5.52Mt at 5.43 g/t gold for 965,000 ounces gold (inferred) (See press release dated April 23, 2013), including a high grade underground resource subset of 1.164Mt at 10.95 g/t gold for 410,000 ounces (indicated) and 2.002Mt at 9.26 g/t gold for 587,000 ounces (inferred) (see press release dated July 10, 2014).  To date, Three Bluffs has been drill tested along a strike length of 4.1 kilometres to depths of 500 metres below surface with gold mineralization persisting to depth where the company has identified additional mineral potential* comprising 4.5 to 7.5 million tonnes grading between 3.8 g/t and 7.3 g/t gold (see press release date April 23, 2013). *Estimates of the potential quantity and grade of additional mineral potential at Three Bluffs are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

About North Country Gold Corp.
North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 239,747 acres along the 300km long belt and has identified 5 distinct exploration centres with numerous high-grade gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposit.

North Country Gold’s vision is the build the company into a long term junior to mid-tier gold producer through disciplined exploration and development of high quality gold assets in stable safe mining jurisdictions.

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
President & Director
Email: [email protected]
Tel: 604-697-2861

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

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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482 North Country Gold Engages Zone Capital Partners North Country Gold Corp. (NCG: TSX-V; NCGDF:OTCQX) ("North Country" or the "Company") is pleased to announce that Zone Capital Partners, LLC ("ZCP") has been hired to provide financial consulting and investor relations services to the Company. http://northcountrygold.com/news/index.php?content_id=482 2014-07-10 17:19:00 July 10, 2014 Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF:OTCQX) (“North Country” or the “Company”) is pleased to announce that Zone Capital Partners, LLC ("ZCP") has been hired to provide financial consulting and  investor relations services to the Company.

ZCP provides investor relations and other consulting services to small and mid-cap companies.  It is based in Dana Point, California and owned by Ira Miller.  Mr. Miller has over 25 years of capital markets and advisory experience, including providing investor relations services to companies listed on the TSX Venture Exchange.  Other than North Country options that are anticipated to be granted to ZCP as partial compensation for investor relations services, neither ZCP nor Mr. Miller has any interest, directly or indirectly, in North Country or its securities, or any right or intent to acquire such an interest.

ZCP will be paid a monthly fee of $10,000 USD for an initial term of 4 months and will be granted 500,000 stock options of the Company, exercisable at $0.10 cents per share. The options will vest as to 25% every three months from the date of the grant and will be exercisable for a period of 5 years. The Agreement and the grant of options are subject to regulatory approval.

Three Bluffs Gold Deposit
The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a resource of 4.30 Mt at 4.91 g/t gold for 683,000 ounces gold (indicated) and 5.52Mt at 5.43 g/t gold for 965,000 ounces gold (inferred) (See press release dated April 23, 2013).  To date, Three Bluffs has been drill tested along a strike length of 4.1 kilometres to depths of 500 metres below surface with gold mineralization persisting to depth where the company has identified additional mineral potential* comprising 4.5 to 7.5 million tonnes grading between 3.8 g/t and 7.3 g/t gold (see press release date April 23, 2013. *Estimates of the potential quantity and grade of additional mineral potential’ at Three Bluffs are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

About North Country Gold Corp.
North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 243,620 acres along the 300km long belt and has identified 5 distinct exploration centres with numerous high-grade gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposit.

North Country Gold’s vision is the build the company into a long term junior to mid-tier gold producer through disciplined exploration and development of high quality gold assets in stable safe mining jurisdictions.

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. 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
President & 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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481 NCG Focusses On High-Grade Subset Of Three Bluffs Resource Estimate North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) ("North Country", "NCG" or the "Company") today announced the Company has completed a review of the existing combined open-pit/underground resource estimate for the Three Bluffs Gold Deposit published in http://northcountrygold.com/news/index.php?content_id=481 2014-07-10 17:01:00 July 10, 2014, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) ("North Country", "NCG" or the "Company") today announced the Company has completed a review of the existing combined open-pit/underground resource estimate for the Three Bluffs Gold Deposit published in April 2013 and is pleased to highlight a potential high-grade underground subset contained within the current estimate, which the Company considers to demonstrate the potential existence of a conceptual high-grade underground deposit at Three Bluffs.

“From the results of our high-level trade off analysis and logistical studies announced January 22, 2014, and North Country’s belief that the Three Bluffs Gold Project may be suited to a possible medium sized operation which focusses on coherent trends of high grade gold mineralization, this subset of the resource estimate clearly demonstrates the presence of considerable high grade components to the deposit”, stated Brian Budd, President of North Country Gold. “Our ongoing work programs will continue to upgrade our geological knowledge of these structures as we pursue strategies to potentially grow the present high-grade resource base and advance the project towards preparation of a possible PEA” added Mr. Budd.

High-Grade Subset

Utilizing an overall block cut-off grade of 5.0 g/t, which the company believes better reflects underground mining costs at these deposits and at this location, a possible high-grade underground subset of the existing Three Bluffs resource estimate contains an indicated resource of 1.140 Mt grading 11.21 g/t Au for 411,000 ounces gold and an inferred resource of 1.900 Mt grading 9.15 g/t for 558,000 ounces gold.

Table 1 summarizes the current Three Bluffs resource estimate queried at a 5.0 g/t grade cut-off, which is a high-grade underground subset of the existing combined open pit and underground resource estimate previously released April 23, 2013 as summarized in Table 2 below.

Table 1.  Three Bluffs Resource Estimate*  (Subset of April 2013 resource estimate)

High Grade Underground* - 1.0 g/t Au Model
Classification
Grade Cut-off
g/t
Tonnage
Tonnes
Au
g/t
Au
ounces
Indicated
5.00 g/t
1,140,000
11.21
411,000
Inferred
5.00 g/t
1,900,000
9.15
558,000

(See footnotes below Table 2)

Three Bluffs Gold Deposit

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts an open-pit/underground resource of 4.30 Mt at 4.91 g/t gold for 683,000 ounces gold (indicated) and 5.52Mt at 5.43 g/t gold for 965,000 ounces gold (inferred) using a cut-off grade of 1.35 g/t for open pit (inside Whittle shell) and a cut-off grade of 2.5 g/t for underground (outside Whittle shell) (See press release dated April 23, 2013, Table 2, and applicable notes).

To date, Three Bluffs has been drill tested along a strike length of 4.1 kilometres to depths of 500 metres below surface with gold mineralization persisting to depth where the company has identified additional mineral potential* comprising 4.5 to 7.5 million tonnes grading between 3.8 g/t and 7.3 g/t gold (see press release date April 23, 2013). *Estimates of the potential quantity and grade of additional mineral potential’ at Three Bluffs are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Table 2.  Three Bluffs Resource Estimate, April 2013*


Open Pit- Three Bluffs Inside Whittle Shell
Classification
Grade
Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated
1.35 g/t
3,600,000
4.81
557,000
Inferred
1.35 g/t
1,000,000
5.24
169,000
 
Underground - Three Bluffs Outside Whittle Shell
Classification
Grade
Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated
2.50 g/t
716,000
5.46
126,000
Inferred
2.50 g/t
4,520,000
5.48
796,000
 
Total Three Bluffs Resource
 
Tonnage
Tonnes
Au
g/t
Au
ounces
Total Indicated OP+UG
 
4,320,000
4.91
683,000
Total Inferred OP+UG
 
5,520,000
5.43
965,000

*Notes (Applicable to Tables 1 and 2)

  1. A total of 17 domains utilized in grade estimation of the 0.50g/t wireframes and 16 domains for the 1.0 g/t wireframes, Au capping by domain from 75 g/t Au to 30 g/t Au
  2. Block grade estimation of 0.50 g/t and 1.00 g/t wireframes utilizing ID3 interpolation
  3. Block grade estimation for 0.50 g/t and 1.0 g/t wireframes performed by successive search ellipsoids with first pass of 15m x 15m x 5m, second pass 30m x 30m x 10m and third pass 75m x 75m x 20m
  4. Open pit resources (inside whittle) are estimated at a pit discard grade of 1.35 g/t Au with 93% Au recovery utilizing a long term gold price of US$1,500 per ounce, whittle pit shell on the 0.50g/t block model was utilized to constrain the open-pit resources
  5. Underground resources constrained from 1.0 g/t wireframe block model below the optimized Whittle pit using a 2.5 g/t block cut-off
  6. Numbers may not add-up due to rounding
  7. Prior resources for Three Bluffs were completed by Roscoe Postle Associates Ltd in April of 2012 (see press release dated April 4th, 2012 and the Technical Report on the Three Bluffs Project, Nunavut Territory, Canada filed on Sedar, May 18, 2012)
  8. Mineral resources, which are not mineral reserves, do not have demonstrated economic viability
  9. The quantity and grade of reported Inferred resources are uncertain in nature and there has been insufficient exploration to classify these Inferred resources as Indicated or Measured, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured category
  10. There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources
  11. *Underground high grade subset constrained by applying strict 5.0 g/t block cut-off to the existing 1.0 g/t wireframe block grade estimation. This subset is not in addition to the current open pit and underground indicated and inferred resource but rather is that portion of the 1.0 g/t Au mode resource that reports to the higher block grade cut-offs.
  12. The information contained in this announcement is not intended to change the existing resource estimate for Three Bluffs as previously announced by the Company on April 23, 2013.

Resource Methodology
The 2013 Three Bluffs Resource estimate has been prepared by Dave Rennie, P.Eng. with independent resource consultants,  RPA Inc., in accordance with Canadian regulatory requirements set out in NI 43-101 and CIM resource definitions.

The Three Bluffs resource is based on drilling completed between 1994 and 2012, with drill hole spacing ranging from 100m x120m down to 30m x 30m in denser drilled portions of the deposit. Wireframes were constructed of correlatable mineralized envelopes utilizing cut-off grades of 0.50 g/t Au and 1.0g/t Au.  Seventeen individual wireframes were constructed for the 0.50 g/t model and sixteen individual wireframes were constructed for the 1.0 g/t model. Grade capping levels were determined separately for each domain.

Inverse distance cubed (ID3) interpolation using three progressive search volumes (15m x 15m x 5m, 30m x 30m x 10m, and 75m x 75m x 20m) on 1.5 metre down hole composites were utilized to assign gold grades to 10m x 10m x 2m blocks. Resource classification was applied using a combination of distance to nearest composite, number of holes used in the estimate, and manual adjustment based on inspection of the blocks.  Inferred was provisionally assigned to any block within 75m of the nearest composite.  Blocks within 30m of the nearest composite (generally within the 30m x 30m drill pattern), for which at least two drill holes contributed composites, were provisionally assigned to the Indicated category.  These provisional assignments were reviewed in section and plan and manually adjusted to eliminate isolated small groups of unrealistically classified blocks.

To determine the open pit resources, a Whittle pit shell was generated on the 0.50 g/t Au model. The analysis utilized a long-term gold price of US$1,500 per ounce, process gold recovery of 93%, a calculated discard grade of 1.35 g/t Au, and pit batter angles of 50 degrees. The pit discard grade is based on break-even costs of mining, milling and G &A per tonne converted to grams/tonne Au at the gold price used for the optimization.
The underground portion of the resource was estimated from the 1.0 g/t Au model using a 5.0 g/t block cut-off.

About North Country Gold Corp.

North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 243,620 acres along the 300km long belt and has identified 5 distinct exploration centres with numerous high-grade gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposit.

North Country Gold’s vision is the build the company into a long term junior to mid-tier gold producer through disciplined exploration and development of high quality gold assets in stable safe mining jurisdictions.

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
President & Director
Email: [email protected]
Tel: 604-697-2861

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

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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480 NCG Outlines Strategy And 2014 Work Plan North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) ("North Country", "NCG" or the "Company") today announced the company's 2014 work plan, in conjunction with a near term strategy centered on underground exploration, bulk sampling and focused drilling de http://northcountrygold.com/news/index.php?content_id=480 2014-07-02 09:26:00 July 2, 2014, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country”, “NCG” or the “Company”) today announced the company’s 2014 work plan, in conjunction with a near term strategy centered on underground exploration, bulk sampling and focused drilling designed to accelerate future project development at its flagship Three Bluffs Gold Deposit.

“Our work strategy, derived from ongoing geological analysis and the results of the high-level trade off and logistical studies announced January 22, 2014, is focused on cost effective activities which we believe will move the project towards our ultimate goal of becoming Nunavut’s next gold producer”, stated  Brian Budd, President of North Country Gold. “We believe the value of the Three Bluffs project lies within what we have already discovered and that by focusing our efforts on understanding the geology and demonstrating the quality of the known mineralization we can better deliver on our mandate” added Mr. Budd.

2014  Plan

  1. Advance the  project towards preparation of a possible PEA
  2. Geotechnical, acid-base accounting, engineering and logistical work to support bulk sample permit applications
  3. Focused drill program targeting the high grade hinge area slated for initial underground exploration

2015- 2016 Plan

  1. Initiate Bulk Sampling Program
  2. Drill testing for potential resource extensions, new mineralized structures and regional satellite targets
  3. Ongoing environmental and engineering baseline studies

The 2014 work program will revolve around activities required to obtain the necessary information to prepare for and obtain the required permits to allow the company to initiate a 2 year underground exploration and bulk sampling of the Three Bluffs gold project planned in conjunction with focused drilling targeted at further delineating high grade mineralized structures identified to date.  The company also plans to implement strategies to realize the potential of other assets within its property portfolio across the remainder of the Committee Bay Belt.

Figure 1. Proposed Three Bluffs bulk sample target zones on Longitudinal Section

Three Bluffs Gold Deposit

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a resource of 4.30 Mt at 4.91 g/t gold for 683,000 ounces gold (indicated) and 5.52Mt at 5.43 g/t gold for 965,000 ounces gold (inferred) (See press release dated April 23, 2013).  To date, Three Bluffs has been drill tested along a strike length of 4.1 kilometres to depths of 500 metres below surface with gold mineralization persisting to depth where the company has identified additional mineral potential* comprising 4.5 to 7.5 million tonnes grading between 3.8 g/t and 7.3 g/t gold (see press release date April 23, 2013. *Estimates of the potential quantity and grade of additional mineral potential’ at Three Bluffs are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

About North Country Gold Corp.

North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 243,620 acres along the 300km long belt and has identified 5 distinct exploration centres with numerous high-grade gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposit.

North Country Gold’s vision is the build the company into a long term junior to mid-tier gold producer through disciplined exploration and development of high quality gold assets in stable safe mining jurisdictions.

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
President & Director
Email: [email protected]
Tel: 604-697-2861

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

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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471 North Country Gold Corp. Closes Private Placement North Country Gold Corp. (NCG: TSX-V; NCGDF:OTCQX) (“North Country” or the “Company”) is pleased to announce that it has closed its non-brokered private placement http://northcountrygold.com/news/index.php?content_id=471 2014-02-27 16:55:00 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

February 27, 2014 Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF:OTCQX) (“North Country” or the “Company”) is pleased to announce that it has closed its non-brokered private placement ("Private Placement") financing previously announced on February 3, 2014. The Company issued 10,000,000 common shares of the Company at a price of $0.05 per share for gross proceeds of $500,000. The Common Shares will be subject to a hold period, which will expire four months and one day from the date of closing, being June 28, 2014.

The Company intends to use the proceeds of the Offering for general working capital.

This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements.

Subject to approval by the TSXV, the Company will pay a 5% finders' fee to Quattro Stella Sempre Holdings Ltd. on $100,000 of the gross proceeds raised.

About North Country Gold Corp.

North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt located 180 kilometres ("km") northeast of the Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 339,240 acres along the 300km long belt and has identified 5 distinct exploration centres with numerous high-grade gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposits. (Please see the Company’s announcement on January 22, 2014.

On behalf of the Board of Directors,

North Country Gold Corp.
/s/"John Williamson"

For more information on North Country Gold Corp., please visit the company’s website: www.northcountrygold.com or contact:

Brian Budd
President & Director
Email: [email protected]
Tel: 604-697-2861

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

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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470 North Country Gold Corp. Announces Changes in Management and Non-Brokered Private Placement North Country Gold Corp. (NCG: TSX-V; NCGDF:OTCQX) (“North Country” or the “Company”) is pleased to announce that Mr. Brian Budd has been appointed to the Board of Directors in conjunction with his being promoted to President after serving as Vice Preside http://northcountrygold.com/news/index.php?content_id=470 2014-02-04 11:52:00

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

February 04, 2014, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF:OTCQX) (“North Country” or the “Company”) is pleased to announce that Mr. Brian Budd has been appointed to the Board of Directors in conjunction with his being promoted to President after serving as Vice President of Corporate Development. The Founder and former President of the Company, John Williamson, will remain as Chairman, CEO and Director.

"Brian has demonstrated the highest degree of integrity while tirelessly promoting North Country Gold Corp and our flagship Three Bluffs Project as it has developed into a high-grade gold deposit”, stated Mr. Williamson, “His leadership will be key as we work toward a Preliminary Economic Assessment and redouble efforts to attract investors with our strategy to emphasize operations that will be sustainable in volatile markets and economic conditions.”

Mr. Budd has an extensive management background with over 25 years of entrepreneurial and sales leadership experience in the resource and high tech industries. In addition to his role as Vice President of Corporate Development, Mr. Budd has served the Company as Corporate Secretary and Director. He has also served as a Director for Graphite One Resources Inc. (GPH: TSXV) and as CEO and Director for Altiplano Minerals Ltd. (APN: TSXV).

Grant of Options

In conjunction with this change in management, the Board of Directors has granted 800,000 stock options in aggregate to Mr. Budd and to Mr. Peter Kleespies, the Vice-President of Exploration and Qualified Person for the Company.  The stock options were granted in accordance with the Company’s stock option plan and are exercisable for five years at a price of $0.15 per common share.

Financing

The Company also intends to complete a non-brokered private placement (the "Private Placement") of up to 10,000,000 common shares of the Company ("Common Shares") at a price of $0.05 per share, to raise gross proceeds of up to approximately $500,000.  The Company intends to use the gross proceeds of the Common Shares for general working capital.

Closing of the Private Placement is anticipated to occur on or before February 28, 2014 and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The Common Shares will be subject to a four month hold period following the closing date in accordance with applicable Canadian securities laws.

This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements.

About North Country Gold Corp.

North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt located 180kilometres (“km”) northeast of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 339,240 acres along the 300km long belt and has identified 5 distinct exploration centres with numerous high-grade gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposits. (Please see the Company’s announcement on January 22, 2014.)

On behalf of the Board of Directors,

North Country Gold Corp.
/s/"John Williamson"

For more information on North Country Gold Corp., please visit the company’s website: www.northcountrygold.com or contact:

Brian Budd
President & Director
Email: [email protected]
Tel: 604-697-2861

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

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 , the proposed financing 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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469 North Country Gold Advances Strategic Planning At Three Bluffs North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country”, “NCG” or the “Company”) today announced that the company, has completed a preliminary high-level engineering and logistics study on the Three Bluffs Gold Project, located within Nunavut http://northcountrygold.com/news/index.php?content_id=469 2014-01-22 07:11:00


January 22, 2014, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country”, “NCG” or the “Company”) today announced that the company, has completed a preliminary high-level engineering and logistics study on the Three Bluffs Gold Project, located within Nunavut, Canada.  The study was initiated by NCG to assess potential project metrics and to assist in the development of strategies for efficient, directed future exploration and accelerated project development.

The study reviewed a number of potential mining and processing scenarios for possible future development of the Three Bluffs Gold Project including extraction via underground mining only, or via combined open pit and underground mining methods occurring either parallel or in sequence.  Consideration was also given to potential onsite processing using a stand-alone gravity and/or carbon–in-leach plant was also assessed for potential operations processing between 500 to 3000 tonnes of ore per day.  Capital costs and operating costs for each scenario were estimated using industry analogues and global mining databases enabling the impact of cut off grades to be assessed and potential project metrics to be calculated intended to be considered for a planned PEA study.

Based on results of the study and sensitivity analysis the Three Bluffs Gold Project is more sensitive to increased grade than to increased mineralized tonnes.  North Country believes that the Three Bluffs Gold Project is best suited to a possible medium sized operation which focusses on coherent trends of high grade gold mineralization occurring within the present resource.

 “The results of the high-level trade off and logistical studies has provided NCG with invaluable information on how to focus ongoing work and fast track the Three Bluffs Gold Project to the PEA stage and to future development” stated John Williamson, President and CEO of North Country Gold Corp. 

The Three Bluffs gold deposit is a structurally controlled lode gold deposit which occurs along the 4.3 km section of the 15 km long Walker Lake trend.  Drilling along the 4.3 km section has shown this trend to be continually mineralized. Surface sampling on undrilled portions have returned high grade sample results over its entire length.  The potential to add additional resources along strike and below the 500m current depth of drilling is high.

 

 

Table 1. Three Bluffs Resource Estimate, April 2013 (see press release dated April 23, 2013)

Open Pit- Three Bluffs Inside Whittle Shell
Classification Grade
Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated 1.35 g/t 3,600,000 4.81 557,000
Inferred 1.35 g/t 1,000,000 5.24 169,000
 
Underground - Three Bluffs Outside Whittle Shell
Classification Grade
Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated 2.50 g/t    716,000 5.46 126,000
Inferred 2.50 g/t 4,520,000 5.48 796,000
 
Total Three Bluffs Resource   Tonnage
Tonnes
Au
g/t
Au
ounces
Total Indicated OP+UG   4,320,000 4.91 683,000
Total Inferred OP+UG   5,520,000 5.43 965,000

Table 2. Three Bluffs Additional Mineral Potential, April 2013 (see press release dated April 23, 2013)

Additional Mineral Potential
tonnage Grade Contained Au
(tonnes) (g/t Au) (ounces)
4,500,000 to 7,500,000 3.8 to 7.3 550,000 to 1,736,000

Additional mineral potential exists in the down-dip extensions of the Antler, North, South and West as current drilling in these area has encountered high-grade intersections indicating that high grade mineralization is open to depth. 

About North Country Gold Corp.

North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 339,240 acres along the 300km long belt and has identified 5 distinct exploration centres with numerous high-grade gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposits.

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
Corporate Secretary & VP of Corporate Development
Email: [email protected]
Tel: 604-697-2861

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

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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467 North Country Gold Updates Three Bluffs Resource North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) ("North Country" or the "Company") today announced an updated mineral resource estimate for its 100% owned Three Bluffs Gold Project located northeast of Baker Lake, Nunavut. The revised estimate incorpo http://northcountrygold.com/news/index.php?content_id=467 2013-04-23 12:25:00 16.4% Increase in Inferred Ounces – Additional Mineral Potential Identified to Depth

April 23, 2013, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country” or the “Company”) today announced an updated mineral resource estimate for its 100% owned Three Bluffs Gold Project located northeast of Baker Lake, Nunavut. The revised estimate incorporates 12 deep, wide-spaced drill holes completed during 2012. The new estimate comprises an Indicated Mineral Resource of 4.32 million tonnes grading 4.91 g/t Au for 683,000 oz Au and an Inferred Mineral Resource of 5.52 million tonnes grading 5.43 g/t Au for 965,000 oz Au. The updated Three Bluffs resource has increased the estimate by 136,000 ounces Au (or 16.4%) in the inferred category.

“We have significantly increased the Three Bluffs resource estimate based on our modest 2012 drilling program, stated John Williamson, President and CEO of North Country Gold, “While continuously adding tonnes at grades that may support underground mining scenarios, we have developed a model that clearly demonstrates the Three Bluffs gold resource is a large and open ended system with significant exploration potential for further increases. It is our mission to persevere in delivering shareholder value by unlocking this potential in the near term”.

Table 1. Three Bluffs Resource Estimate, April 2013


Open Pit- Three Bluffs Inside Whittle Shell
Classification
Grade
Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated
1.35 g/t
3,600,000
4.81
557,000
Inferred
1.35 g/t
1,000,000
5.24
169,000
 
Underground - Three Bluffs Outside Whittle Shell
Classification
Grade
Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated
2.50 g/t
716,000
5.46
126,000
Inferred
2.50g/t
4,520,000
5.48
796,000
 
Total Three Bluffs Resource
Tonnage
Tonnes
Au
g/t
Au
ounces
Total Indicated OP+UG
 
4,320,000
4.91
683,000
Total Inferred OP+UG
 
5,520,000
5.43
965,000

Notes

  1. A total of 17 domains utilized in grade estimation of the 0.50g/t wireframes and 16 domains for the 1.0 g/t wireframes, Au capping by domain from 75 g/t Au to 30 g/t Au
  2. Block grade estimation of 0.50 g/t and 1.00 g/t wireframes utilizing ID3 interpolation
  3. Block grade estimation for 0.50 g/t and 1.0 g/t wireframes performed by successive search ellipsoids with first pass of 15m x 15m x 5m, second pass 30m x 30m x 10m and third pass 75m x 75m x 20m
  4. Open pit resources (inside whittle) are estimated at a pit discard grade of 1.35 g/t Au with 93% Au recovery utilizing a long term gold price of US$1,500 per ounce, whittle pit shell on the 0.50g/t block model was utilized to constrain the open-pit resources
  5. Underground resources constrained from 1.0 g/t wireframe block model below the optimized Whittle pit using a 2.5 g/t block cut-off
  6. Numbers may not add-up due to rounding
  7. Prior resources for Three Bluffs were completed by Roscoe Postle Associates Ltd in April of 2012 (see press release dated April 4th, 2012 and the Technical Report on the Three Bluffs Project, Nunavut Territory, Canada filed on Sedar, May 18, 2012)
  8. Mineral resources, which are not mineral reserves, do not have demonstrated economic viability
  9. The quantity and grade of reported Inferred resources are uncertain in nature and there has been insufficient exploration to classify these Inferred resources as Indicated or Measured, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured category
  10. There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources

Resource Methodology

The 2012 Three Bluffs Resource estimate has been prepared by Dave Rennie, P.Eng. with independent resource consultants,  RPA Inc., in accordance with Canadian regulatory requirements set out in NI 43-101 and CIM resource definitions.

The Three Bluffs resource is based on drilling completed between 1994 and 2012, with drill hole spacing ranging from 100m x120m down to 30m x 30m in denser drilled portions of the deposit. Wireframes were constructed of correlatable mineralized envelopes utilizing cut-off grades of 0.50 g/t Au and 1.0g/t Au.  Seventeen individual wireframes were constructed for the 0.50 g/t model and sixteen individual wireframes were constructed for the 1.0 g/t model. Grade capping levels were determined separately for each domain.

Inverse distance cubed (ID3) interpolation using three progressive search volumes (15m x 15m x 5m, 30m x 30m x 10m, and 75m x 75m x 20m) on 1.5 metre down hole composites were utilized to assign gold grades to 10m x 10m x 2m blocks. Resource classification was applied using a combination of distance to nearest composite, number of holes used in the estimate, and manual adjustment based on inspection of the blocks.  Inferred was provisionally assigned to any block within 75m of the nearest composite.  Blocks within 30m of the nearest composite (generally within the 30m x 30m drill pattern), for which at least two drill holes contributed composites, were provisionally assigned to the Indicated category.  These provisional assignments were reviewed in section and plan and manually adjusted to eliminate isolated small groups of unrealistically classified blocks.

To determine the open pit resources, a Whittle pit shell was generated on the 0.50 g/t Au model. The analysis utilized a long-term gold price of US$1,500 per ounce, process gold recovery of 93%, a calculated discard grade of 1.35 g/t Au, and pit batter angles of 50 degrees. The pit discard grade is based on break-even costs of mining, milling and G &A per tonne converted to grams/tonne Au at the gold price used for the optimization.

The underground portion of the resource was estimated from the 1.0 g/t Au model on that portion of the resource which lies below the pit limits, utilizing a block cut-off grade of 2.5 g/t Au.

Additional Mineral Potential at Three Bluffs

As demonstrated by the 2012 drilling, mineralization at Three Bluffs remains open to depth (see press releases dated April 26, May 24, and June 4th, 2013), which brings significant upside potential for increasing underground resources. Detailed geological compilation indicates that four high-grade shoots project to depth below the current level of drilling.

Table 2. Additional Mineral Potential at Three Bluffs

 
Tonnage
(Million)
Grade
(Au g/t)
Ounces
(Au)

Three Bluffs

4.50 to 7.50
3.8 to 7.3
550,000 to 1,736,000

*The potential quantity and grade is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The approximate grades and tonnages have been determined by taking the average underground inferred resource grade (5.48 g/t Au) plus or minus 30 percent and considering the cumulative strike extent of the four high grade shoots, average widths, and a 300 to 500 metre depth extension below existing resources.

Additional exploration targets comprising potentially open-pittable zones remain to be tested along strike of the main Three Bluffs trend and significant potential for parallel zones of mineralization remains in flanking iron formations.

Figure 1. April 2013 Three Bluffs Resource Model and Mineral Potential, the figure can also be viewed at the following link: http://www.northcountrygo ld.com/_resources/maps/block-model.jpg

About North Country Gold Corp.

North Country Gold controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 483,564 acres along the 300km long belt and has identified 5 distinct exploration centres with multi-ounce over multi-metre gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Meadowbank and Meliadine gold deposits.

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

About Three Bluffs Gold Deposit

North Country Gold holds a 100% interest in the Three Bluffs Gold Deposit, which is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. Gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres and remains open along strike and at depth. The deposit has been extensively drilled over the easternmost 1.3 kilometres of the trend, reaching depths of 300 metres below surface. During 2012, North Country completed 7,005 metres of diamond core drilling in twelve holes in the eastern part of the deposit, extending the mineralized envelope to depths of 500 metres below surface with mineralization remaining strong and open to depth. The Three Bluffs deposit currently hosts a NI 43-101 resource of 4.32 Mt at 4.91 g/t gold for 683,000 oz gold (Indicated) and 5.52 Mt at 5.43 g/t gold for 965,000 oz gold (Inferred).

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
Corporate Secretary & VP of Corporate Development
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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466 North Country Gold Clarifies Technical Disclosure North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) ("North Country" or the "Company") today announces that the Company has completed a review of technical disclosure contained on its website and investor presentation materials disseminated on or about Ja http://northcountrygold.com/news/index.php?content_id=466 2013-03-22 13:54:38 March 22, 2013, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country” or the “Company”) today announces that the Company has completed a review of technical disclosure contained on its website and investor presentation materials disseminated on or about January 30 and 31, 2013 in conjunction with the AMEBC Mineral Exploration Roundup (the “Roundup”) held in Vancouver, British Columbia. Pursuant to this review, the Company wishes to clarify and/or retract certain of its disclosure on its Three Bluffs Project in Nunavut.

Resource disclosure as set out in the table below was included on the Company’s website and investor presentation materials, along with unclassified depictions of total tonnes of mineralization and total contained ounces at various cut-off grades, which incorrectly combined inferred and indicated resources. These depictions were developed for planning and comparison purposes in consideration of the exploration potential for the mineralized envelope of the project and were not intended to disclose a material change in the resource estimate for the Three Bluffs Project.

In particular, on Slide 14 of the slide deck from these materials, reference was made to a global block model estimate of tonnes and grade using 0.50 grams gold per tonne as a block cut-off. Although this figure was derived from data underlying sensitivity tables contained in the Company’s current independent technical report, these unclassified depictions were not in accordance with NI 43-101 and should not be misconstrued as a material change in the resource estimate. Therefore, the Company hereby retracts its previous disclosure in Slide 14 and advises the public not to rely on these estimates. The Company has amended its presentation slide deck as follows: removal of unclassified totals from Slide 13 entitled “Three Bluffs 43-101 Resource Estimate – April 2012” and removal of Slides 14 and 15 entitled “Global Block Model” and “Three Bluffs - High Grade Resource”.

Further, the Company’s website included a table disclosing the “Top Ten Drill Holes” from the Three Bluffs Project which ranked previously disclosed drill results in terms of a grade thickness calculation using intercept widths rather than true thickness.  Although the primary disclosure of drill results did not include grade thickness and this calculation was utilized only as an informal ranking method for comparison purposes, the use of intercept widths is potentially misleading in that it may overstate the actual grade thickness relative to estimates of true thickness. Therefore, the Company has removed the table from its website.

For greater clarity, the Company’s NI 43-101 disclosure of indicated and inferred resources for the potential pit and underground deposits of the Three Bluffs Project as set out in the table below is supported by an independent technical report prepared for the Company by Roscoe Postle Associates Inc. dated May 18, 2012 and filed on SEDAR, which is not affected by these retractions and remains unchanged.

MINERAL RESOURCES AS OF DECEMBER 2011
North Country Gold Corp. - Three Bluffs Project
 
 
 
 
 
 
Class
Type
Cut-Off
Tonnes
Gold Grade
Contained Gold
 
 
(g/t)
(000 t)
(g/t Au)
(oz Au)

Indicated
Open Pit
1.35
3,600
4.81
557,000
Underground
2.50
695
5.43
121,000
 
 
 
 
 

TOTAL  INDICATED
 
4,300
4.90
678,000

Inferred
 
 
 
 
 
Open Pit
1.35
1,000
5.24
169,000
Underground
2.50
3,530
5.81
660,000

TOTAL INFERRED
 
4,530
5.69
829,000

Investors should continue to rely upon the Company’s NI 43-101 resource disclosure as set out in the table above and referenced in its independent technical report dated May 18, 2012 filed on SEDAR.  The Company is continuing to review all technical disclosure and will add footnote references where appropriate to encourage investors to view the relevant supporting information as required by sections 3.2 to 3.5 of NI 43-101.

About North Country Gold Corp.
North Country controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 483,564 acres along the 300km long belt and has identified 5 distinct exploration centres with multi-ounce over multi-metre gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Meadowbank and Meliadine gold deposits.

About Three Bluffs Gold Deposit
North Country holds a 100% interest in the Three Bluffs Gold Deposit, which is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. Gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres and remains open along strike and at depth. The deposit has been extensively drilled over the easternmost 1.3 kilometres of the trend, reaching depths of 300 metres below surface. During 2012, North Country completed 7,005 metres of diamond core drilling in twelve holes in the eastern part of the deposit, extending the mineralized envelope to depths of 500 metres below surface with mineralization remaining strong and open to depth. The Three Bluffs deposit currently hosts a NI 43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 oz gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 oz gold (inferred).  Drilling results from 2012 are expected to increase the underground, inferred resource of the deposit.

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The content of this news release and the Company’s technical disclosure has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43‐101 Standards of Disclosure for Mineral Projects. 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
Corporate Secretary & VP of Corporate Development
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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465 North Country Gold Announces Change To Board North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country” or the “Company”) today announces that Kerry Curtis has stepped down from the Board of Directors effective March 1, 2013. http://northcountrygold.com/news/index.php?content_id=465 2013-03-01 14:53:00 March 01, 2013, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country” or the “Company”) today announces that Kerry Curtis has stepped down from the Board of Directors effective March 1, 2013.

"On behalf of my fellow directors, I would like to thank Mr. Curtis for his contribution to the advancement of the Three Bluffs Project and the Committee Bay Greenstone Belt”, stated John Williamson, President and Chief Executive Officer of North Country Gold, “We wish him well in his future endeavors.”

About North Country Gold Corp.
North Country controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 483,564 acres along the 300km long belt and has identified 5 distinct exploration centres with multi-ounce over multi-metre gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Meadowbank and Meliadine gold deposits.

About Three Bluffs Gold Deposit
North Country holds a 100% interest in the Three Bluffs Gold Deposit, which is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. Gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres and remains open along strike and at depth. The deposit has been extensively drilled over the easternmost 1.3 kilometres of the trend, reaching depths of 300 metres below surface. During 2012, North Country completed 7,005 metres of diamond core drilling in twelve holes in the eastern part of the deposit, extending the mineralized envelope to depths of 500 metres below surface with mineralization remaining strong and open to depth. The Three Bluffs deposit currently hosts a NI 43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 oz gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 oz gold (inferred).  Drilling results from 2012 are expected to increase the underground, inferred resource of the deposit.

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 - Standards of Disclosure for Mineral Projects.  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
Corporate Secretary & VP of Corporate Development
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

]]>
462 North Country Gold Announces New Addition To Board North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country” or the “Company”) today announces that it has appointed Toby Pierce, BSc., MBA as an independent director of North Country Gold Corp., subject to regulatory approval. http://northcountrygold.com/news/index.php?content_id=462 2013-01-22 05:39:00


January 22, 2013, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country” or the “Company”) today announces that it has appointed Toby Pierce, BSc., MBA as an independent director of North Country Gold Corp., subject to regulatory approval.

"On behalf of my fellow directors, I would like to welcome Mr. Pierce to the North Country board of directors. This appointment comes at an exciting time as we advance the Three Bluffs high-grade gold deposit located in Nunavut, Canada" states John Williamson, President and Chief Executive Officer of North Country. “With Mr. Pierce being based out of London, UK, this will enable North Country to broaden its capital markets reach significantly”, added Mr. Williamson.

Mr. Pierce brings 17 years of geological and financial understanding within the resource sector as well as corporate development and general corporate affairs.  Mr. Pierce holds a Masters in Business Administration from the Rotman School of Business and a Bachelors of Science in Earth Sciences from the University of Victoria.   Further, Mr. Pierce is currently a director of Crest Petroleum (CTP.P on the TSX-V), Jordan Energy and Mining Ltd (a UK domiciled private company) and Redtail Metals (RTZ on the TSX-V).

Mr. Pierce was most recently a Partner & Senior Equity Analyst with GMP Securities in London, England from 2009 through 2012 and covered a broad range of international oil equities for the group.  His role required extensive interaction with the natural resources investment community in the UK, Europe, and North America and the provision of strategic and investment advice to both companies and institutional equity providers. Prior to GMP, Mr. Pierce served as Director, Institutional Equity Research at Tristone Capital in London, England from 2005 through to 2009. Over his eight years in the finance industry he has built up extensive experience in mergers and acquisitions, IPO’s, fund raisings, equity and asset valuations and investment advice. 

Previous engagements include the successful formation, operation and sale of a company in a five year period that provided well-site geological services for numerous publicly traded oil and gas companies across the Western Canadian Sedimentary Basin.  In addition, he has worked for four years across North and Latin America as a geologist in the mining and exploration industry for Hunter Dickinson Inc., Kennecott Canada, and the Geological Survey of Canada. 

Three Bluffs Gold Deposit

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred).  To date, gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres. The deposit has been most extensively drilled over the eastern 1.3 kilometres of the trend where drilling up to 2011 reached depths of 300 metres below surface. In the spring of 2012, North Country completed 7,005 metres of diamond core drilling in twelve holes to depth in the eastern part of the deposit, which extended the mineralized envelope to depths of 500 metres below surface with mineralization remaining strong and open to depth. This new drilling is expected to result in an increase in the underground inferred resource of the deposit.

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 180km 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 now holds 100% interest in 550,101 acres along the 300km long belt and has identified 5 distinct mineral development centres, focusing in on the Three Bluffs deposit.  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 - Standards of Disclosure for Mineral Projects.  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
Corporate Secretary & VP of Corporate Development
Email: [email protected]
Tel: 604-697-2861

 

A Gilden Group 3 Cs North Country Gold Corp. is a member of the Gilden Group of companies, for more information on the group please visit the company’s website: www.gildengroup.com.

 

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

]]>
457 North Country Identifies Emerald Occurrence At Anuri Research Initiated to Evaluate Potential of new Emerald Discovery http://northcountrygold.com/news/index.php?content_id=457 2012-10-16 13:19:00

Research Initiated to Evaluate Potential of new Emerald Discovery

October 16, 2012, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country” or the “Company”) today announces that it has identified emerald mineralization within drill core at the Anuri prospect within its 100% owned Committee Bay Greenstone Belt Property. The occurrence will be the focus of a research project at the University of British Columbia under the direction of Professor Lee Groat, which will investigate the origin of the emeralds and will form the basis of an exploration strategy to fully assess the potential for discovery of economic emerald mineralization in the Committee Bay greenstone belt.

“The discovery of emeralds at Anuri is only the fourth documented occurrence in Canada”, stated John Williamson, President and CEO of North Country Gold, “North Country is pleased to have one of the world’s foremost emerald experts, Professor Lee Groat, initiate research on the emerald mineralization in the Committee Bay Greenstone Belt and we are intrigued by the implications of further exploration and the potential for more discoveries of economic deposits.”

Professor Lee Groat of the University of British Columbia comments “The discovery of emerald mineralization at North Country Gold's Anuri property is exciting for a number of reasons. Emerald is extremely rare because it requires unusual geologic and geochemical conditions to form, and evaluating these conditions will provide important clues to the genesis of the Anuri prospect as a whole. We at UBC are excited to be working with North Country Gold on characterizing the world's most recently discovered emerald occurrence.”

Emerald crystals were initially noted by a North Country Gold geologist when investigating highly elevated beryllium values contained within potassic altered Prince Albert Group komatiites from drill core at the Anuri prospect which North Country was evaluating as a gold target. Preliminary evaluation of the crystals by Professor Lee Groat utilizing X-ray diffraction and electron microprobe have confirmed that the crystals are beryl and that the dominant chromophore is chromium with essentially no vanadium.

The Anuri occurrence is highly prospective for gold-silver mineralization and is characterized by a 0.5km-wide by 1.5km-long zone of intensely altered and sulphidized mafic and ultramafic volcanic float boulders. Sampling of this boulder train has produced high-grade gold and silver values up to 291.2 g/t Au and 1,769.5 g/t Ag, 20.68 g/t Au and 333.0 g/t Ag, and 14.44 g/t Au and 394.0 g/t Au. Initial drill testing intersected gold and silver mineralization, with elevated copper, bismuth, lead, zinc and cadmium values with hole 06AR007B intersecting 3.75 g/t Au, 63.7 g/t Ag, 0.75% Cu and 158.2 ppm Bi over 10.21 metres. Strong to intense potassic alteration along with silicification and sulphidation was encountered in the mafic and ultramafic stratigraphy.

The distribution of Prince Albert Group komatiites in the Committee Bay greenstone belt is extensive forming a 25 kilometre by 10 kilometre belt in the southwest portion of the area. Potassic alteration has been identified throughout the area in association with broad zones of shearing and emplacement of late granitoid intrusions, which has implications for the widespread occurrence of emerald mineralization in the area.

The results of the research into the genesis of the emeralds will provide key information to develop an exploration model to fully evaluate the potential of this exciting new discovery in the Committee Bay Greenstone Belt.

figure1

Three Bluffs Gold Deposit

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred).  To date, gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres. The deposit has been most extensively drilled over the eastern 1.3 kilometres of the trend where drilling up to 2011 reached depths of 300 metres below surface. In the spring of 2012, North Country completed 7,005 metres of diamond core drilling in twelve holes to depth in the eastern part of the deposit, which extended the mineralized envelope to depths of 500 metres below surface with mineralization remaining strong and open to depth. This new drilling is expected to result in an increase in the underground inferred resource of the deposit.

Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within the iron formation. In 2010, North Country Gold completed a Quantec Titan 24 geophysical survey over the Three Bluffs project, which indicated that known gold zones at shallow to intermediate depths display an excellent correlation with DC-resistivity lows. These resistivity lows extend to least 500 metres depth over much of the surveyed area, and the correlation of gold mineralization with the resistivity lows to depth has been confirmed by high grade intersections to these depths within the 2012 drill program.

The Three Bluffs Gold Deposit was ranked number 31 of 250 undeveloped gold deposits globally by grade, which contain greater than one million ounces of gold in a recent compilation by Natural Resource Holdings. From an initial list of 1,896 companies, Natural Resource Holdings was able to identify 212 entities (Public, Private and Government Sponsored Corporations) that own 439 gold deposits hosting over 1,000,000 ounces in all categories representing a total of 3,015,542,164 ounces of gold.  Please click here to go to the direct site. 

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 180km 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 now holds 100% interest in 550,101 acres along the 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  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 - Standards of Disclosure for Mineral Projects.  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
Corporate Secretary & VP of Corporate Development
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

]]>
456 North Country Gold Aquires Key Strategic Claims North Country Gold Corp. (NCG: TSX-V; NCGDF:OTCQX) (NCG or the “Company”) today announces that it has acquired eight claims totaling 19,369 acres (7,838 hectares) from Bruce Goad located in key strategic positions adjacent to the Company’s Three Bluffs an http://northcountrygold.com/news/index.php?content_id=456 2012-10-10 14:19:00 Eight Additional Claims in Three Bluffs, West Plains and Pickle Target Areas

October 10, 2012, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V; NCGDF:OTCQX) (NCG or the “Company”) today announces that it has acquired eight claims totaling 19,369 acres (7,838 hectares) from Bruce Goad located in key strategic positions adjacent to the Company’s Three Bluffs and West Plains target areas.

“We are very pleased to have added these claims to our property portfolio”, stated John Williamson, President and CEO of North Country Gold,. “North Country believes that the potential for discovery of new ounces on these claims is excellent, and given the proximity to demonstrated resources and mineralization at Three Bluffs and West Plains respectively, this will provide the Company with additional opportunities in developing the gold potential along the belt” added Mr. Williamson.

The Wrench Group comprises of five claims covering approximately 12,913 acres (5,226 hectares) located immediately east of the Company’s flagship project, the Three Bluffs deposit, which currently hosts a NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred). The Wrench claims are underlain by a package of banded iron formation, which is the most significant host rock at Three Bluffs. Rock chip sampling by the previous operators returned six assays greater than 1.00 g/t Au including a high of 100.45 g/t Au. The claims also host numerous coincident magnetic-HLEM geophysical anomalies primarily in areas of sparse bedrock exposure, a feature that characterizes economic mineralization at Three Bluffs.

The West Group comprises of a single claim covering approximately 1,291 acres (523 hectares) located immediately north of North Country’s West Plains project where previous drilling has returned significant gold intersections including 6.04 g/t Au over 36.77 metres and 13.14 g/t over 8.00 metres. No bedrock exposure is present on the West claims, however a coincident magnetic-EM anomaly identical and parallel to an anomaly hosting the West Plains iron formation, hosts mineralization that transects the claim and constitutes a drill-ready target for North Country.

The Pickle Group comprises of two claims totaling approximately 5,165 acres (2,090 hectares) located five kilometres north of West Plains. The claims cover a package of thick, poorly exposed, folded banded iron formations with a one kilometre wide associated magnetic high. Historic rock chip sampling in the mid 1990’s returned gold values of up to 8.00 g/t Au.

Under terms of the deal, North Country Gold will acquire the claims by completing the necessary work to bring the claims to lease status and granting Goad a 1.5% Net Smelter Return (NSR). At any point in time within two years of commencement of commercial production, North Country Gold will have the right to buy all or a portion of the NSR Royalty for the sum of $2,000,000 for each one‑third (0.5%) of the NSR Royalty. 

Three Bluffs Gold Deposit

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred).  To date, gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres. The deposit has been most extensively drilled over the eastern 1.3 kilometres of the trend where drilling up to 2011 reached depths of 300 metres below surface. In the spring of 2012, North Country completed 7,005 metres of diamond core drilling in twelve holes to depth in the eastern part of the deposit, which extended the mineralized envelope to depths of 500 metres below surface with mineralization remaining strong and open to depth. This new drilling is expected to result in an increase in the underground inferred resource of the deposit.

Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within the iron formation. In 2010, North Country Gold completed a Quantec Titan 24 geophysical survey over the Three Bluffs project, which indicated that known gold zones at shallow to intermediate depths display an excellent correlation with DC-resistivity lows. These resistivity lows extend to least 500 metres depth over much of the surveyed area, and the correlation of gold mineralization with the resistivity lows to depth has been confirmed by high grade intersections to these depths within the 2012 drill program.

The Three Bluffs Gold Deposit was ranked number 31 of 250 undeveloped gold deposits globally by grade, which contain greater than one million ounces of gold in a recent compilation by Natural Resource Holdings. From an initial list of 1,896 companies, Natural Resource Holdings was able to identify 212 entities (Public, Private and Government Sponsored Corporations) that own 439 gold deposits hosting over 1,000,000 ounces in all categories representing a total of 3,015,542,164 ounces of gold.  Please click here to go to the direct site.

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 kilometres 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 now holds 100% interest in 550,101 acres along the 300 kilometre long belt and has identified 5 distinct mineral development centres, focusing in on the Three Bluffs deposit.  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 - Standards of Disclosure for Mineral Projects.  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
Corporate Secretary & VP of Corporate Development
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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455 North Country Gold Corp. Presenting at Global Resources Conference in Florida, USA North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) is pleased to announce that it will be attending and presenting at the Global Resources Conference by Canaccord Genuity this year in Miami, Florida. http://northcountrygold.com/news/index.php?content_id=455 2012-10-09 11:47:00 October 9, 2012 - North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) is pleased to announce that it will be attending and presenting at the Global Resources Conference by Canaccord Genuity this year in Miami, Florida.

Date: October 16th to 18th 2012

Location: Fontainebleau Hotel, Miami, Florida

The Global Resource Conference will provide institutional investors a unique opportunity to listen to the strategies from senior management teams representing these global companies with business in over 15 countries. This conference will be thematic and focus on important mining and oil and gas regions of the world including, North America, Australia, Asia, South America, Europe, the Middle East and Africa.

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.

For more information on North Country Gold, please visit the company’s website: www.northcountrygold.com or contact:

Jennifer Paterson
Investor Relations Manager
Email: [email protected]
Tel: 604-697-2860

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450 North Country Gold Joins OTCQX North Country Gold Corp. (NCGDF: OTCQX; NCG: TSX-V) (NCG or the “Company”) today announces that it is now trading, as of September 6, 2012, in the United States on the highest OTC marketplace, the OTCQX®. The OTCQX® is operated by OTC Markets Group Inc. ( http://northcountrygold.com/news/index.php?content_id=450 2012-09-06 14:23:00 September 6, 2012, Edmonton, Alberta – North Country Gold Corp. (NCGDF: OTCQX; NCG: TSX-V) (NCG or the “Company”) today announces that it is now trading, as of September 6, 2012, in the United States on the highest OTC marketplace, the OTCQX®. The OTCQX® is operated by OTC Markets Group Inc. (OTCM:OTCQX), operator of Open, Transparent and Connected financial marketplaces.

North Country Gold began trading today on the OTC market’s prestigious tier, OTCQX International, under the symbol “NCGDF”.  Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on http://www.otcmarkets.com/stock/NCGDF/quote .

“We are very pleased to join the OTCQX”, stated John Williamson, President & CEO. “We feel this will further increase North Country Gold’s profile with new private and institutional investors in the United States and we look forward to communicating our exciting progress as we advance the Three Bluffs gold deposit and continue to build our ounces of exceptionally high-grade gold.”

Dorsey & Whitney LLP will serve as North Country Gold’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for investors to easily trade almost 10,000 equity and debt securities through the broker of their choice. Our OTC Link® ATS directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into tiered marketplaces to inform investors of opportunities and risks - OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our data-driven platform enables efficient trading through any broker at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create smarter financial marketplaces, visit www.otcmarkets.com .

Three Bluffs Gold Deposit
The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a NI 43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred). Prior to 2012, gold mineralization was drill tested at shallow levels to evaluate open-pittable resource potential along a strike length of 4.2 kilometres. The eastern 1.3 kilometres of the trend is currently the focus of underground resource development and recent drilling has reached depths of 500 metres below surface with mineralization remaining strong and open to depth. Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within iron formation.

About North Country Gold Corp.
North Country Gold Corp. (NCGDF: OTCQX; NCG: TSX-V) 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 180km 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 the Meliadine gold deposits. The Company holds 100% interest in 530,630 acres along the 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  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 - Standards of Disclosure for Mineral Projects.  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
Corporate Secretary & Vice President of Corporate Development
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

]]>
445 North Country Continues Three Bluffs Gold Deposit Expansion North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces results for a further five drill holes from the 2012 spring drilling program at its 100% owned Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of http://northcountrygold.com/news/index.php?content_id=445 2012-06-04 04:35:00

Highlights from wide-spaced exploration drilling below deposit include: 11.95 g/t gold over 9.00 metres;
7.71 g/t gold over 6.00 metres and 4.81 g/t gold over 7.00 metres


June 4, 2012, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces results for a further five drill holes from the 2012 spring drilling program at its 100% owned Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Results from wide-spaced exploration drilling, including 11.95 g/t Au over 9.00 metres, 7.71 g/t Au over 6.00 metres and 4.81 g/t Au over 7.00 metres, extend high-grade mineralization to depth beneath the current NI 43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred).

 “Combined with previously released results from our 2012 drilling, these latest results further support our goal of significantly expanding the size and improving grade of Three Bluffs below current resources”, stated John Williamson, President and CEO of North Country Gold, “We are very pleased with the continuity and grade of mineralization in these new wide-spaced intersections and confident that we are moving towards a threshold which will allow us to consider an economic evaluation of the project”, added Mr. Williamson.

The five drill holes in this release targeted the depth extension of the eastern and western portion of the Three Bluffs zone. All holes intersected significant grades and widths and assay results are provided in Table 1.  Mineralization remains open in a down dip direction. True widths are estimated to be 50-60% of intersect length. 

Table 1. Results June 4, 2012

Drill Hole
From (m)
To (m)
Width (m)
Au (g/t)
12TB137
297.00
298.00
1.00
3.59
 
374.00
383.00
9.00
11.95
 
417.00
419.00
2.00
2.12
 
422.00
422.61
0.61
5.45
12TB139
258.00
259.00
1.00
2.76
 
261.00
262.00
1.00
2.38
 
356.00
364.00
8.00
3.73
including
362.00
364.00
2.00
9.26
 
444.00
447.00
3.00
2.10
 
475.00
478.00
3.00
1.80
 
494.00
496.00
2.00
1.98
12TB140
480.00
483.00
3.00
1.31
 
491.00
501.00
10.00
2.06
including
493.00
495.00
2.00
5.19
12TB141B
430.00
453.00
23.00
2.25
including
434.00
441.00
7.00
4.81
or
434.00
436.00
2.00
8.14
and
440.00
441.00
1.00
14.70
12TB142
304.00
310.00
6.00
7.71
including
307.00
310.00
3.00
14.97

The current released drill hole is part of the 2012 spring drill program at Three Bluffs which is planned to test the potential beneath the current resource area. Drilling is targeting high-grade gold mineralization over a strike length of 1,200 metres and a vertical extent of 300 metres from the interval between 300 and 600 metres below surface.

Notes:

Resource estimates were prepared by Dave Rennie, P.Eng., an independent Qualified Person with resource consultants Roscoe Postle Associates Inc.  in accordance with Canadian regulatory requirements set out in NI 43-101 and CIM resource definitions.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.

Three Bluffs Gold Deposit

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a NI 43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred). Prior to 2012, gold mineralization was drill tested at shallow levels to evaluate open-pittable resource potential along a strike length of 4.2 kilometres. The eastern 1.3 kilometres of the trend is currently the focus of underground resource development and recent drilling has reached depths of 500 metres below surface with mineralization remaining strong and open to depth. Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within iron formation.

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 180km 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 the Meliadine gold deposits. The Company holds 100% interest in 530,630 acres along the 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  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 - Standards of Disclosure for Mineral Projects.  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
Corporate Secretary & Vice President of Corporate Development
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

 

]]>
443 North Country Continues To Extend High Grades To Depth At Three Bluffs North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces additional results from the 2012 spring drilling program at its 100% owned Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut http://northcountrygold.com/news/index.php?content_id=443 2012-05-24 10:57:00

Drill Highlights of 10.20 g/t Au over 4.00 metres and 9.78 g/t Au over 3.00 metres from Western portion of Deposit


May 24, 2012, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces additional results from the 2012 spring drilling program at its 100% owned Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Results from four wide-spaced holes drilled on the western portion of the deposit, include 10.20 g/t over 4.00 metres and 9.78 g/t over 3.00 metres. These drill holes demonstrate continuation of higher grade mineralization to depth and beneath the current NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred).

“Our first results from the western portion of the Three Bluffs have again yielded positive indications that high-grade gold mineralization continues to persist at depth along the 1.3 kilometre strike length of the deposit”, stated John Williamson, President and CEO of North Country Gold, “North Country is very pleased with these drill holes which demonstrate excellent depth continuity, both in thickness and grade, from relatively wide spaced drill holes”.

The four drill holes in this release targeted the depth extension of the western portion of the Three Bluffs zone over a strike length of 360 metres and between 300 and 400 metres below surface, at the base of the current resource (see figure). All holes intersected significant grades and widths. Assay results are given in Table 1. Mineralization remains open for expansion at depth.

Table 1. Results 12TB131-135

Drill Hole
From (m)
To (m)
Width (m)
Au (g/t)
11TB131
258.00
274.00
16.00
1.31
 
293.00
312.00
19.00
2.20
including
300.00
306.00
6.00
4.48
11TB132
130.00
133.00
3.00
2.24
 
237.00
239.00
2.00
5.55
 
273.00
281.00
8.00
5.03
including
278.00
281.00
3.00
9.78
 
285.00
289.00
4.00
3.27
 
297.85
294.00
1.15
5.06
12TB133
316.00
322.00
6.00
2.59
 
334.00
338.00
4.00
1.76
 
355.00
365.00
10.00
3.07
including
355.00
360.00
5.00
5.13
12TB135
308.00
340.48
32.48
2.99
including
323.00
333.00
10.00
6.82
or
325.00
329.00
4.00
10.20
and
335.00
337.00
2.00
4.51

Note: True widths estimated to be 50-60% of intersect length

These drill holes are part of the 2012 spring drill program at Three Bluffs, which is testing a large area beneath the current resource. Drilling is targeting high-grade gold mineralization over a strike length of 1,200 metres and a vertical extent of 300 metres from the interval between 300 and 600 metres below surface.

Three Bluffs Gold Deposit

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred). Prior to 2012, gold mineralization was drill tested at shallow levels to evaluate near surface resource potential along a strike length of 4.1 kilometres. The eastern 1.3 kilometres of the trend is currently the focus of exploration for deeper, high-grade resources. Recent drilling has reached depths of 500 metres below surface with mineralization remaining strong and open to depth. Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within iron formation. In 2010 NCG completed a Quantec Titan 24 geophysical survey over the Three Bluffs project which indicated that known gold zones at shallow to intermediate depths displays an excellent correlation with DC-resistivity lows. These resistivity lows extend to least 500 metres depth over much of the surveyed area, and recent deep drilling at Three Bluffs has confirmed the spatial association of the DC resistivity lows with gold mineralization persists to depth.

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 180km 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 the Meliadine Gold Deposit. The Company holds 100% interest in 530,630 acres along the 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  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 NI43-101 - Standards of Disclosure for Mineral Projects.  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 Corp.
/s/"John Williamson"

 

For more information on North Country Gold Corp., please visit the company’s website: www.northcountrygold.com or contact:

Brian Budd
Corporate Secretary & Vice President of Corporate Development
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

 

]]>
442 North Country Completes Technical Report For Resource Estimate North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) announced today the completion of the technical report for the previously announced Three Bluffs Gold Project resource update. http://northcountrygold.com/news/index.php?content_id=442 2012-05-23 12:32:00 May 23, 2012, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) announced today the completion of the technical report for the previously announced Three Bluffs Gold Project resource update. The detailed 43-101 technical report was filed on SEDAR on May 18, 2012.

Table 1. Three Bluffs Resource Estimate (effective Dec 31, 2011)

Open Pit- Three Bluffs Inside Whittle Shell
Classification
Grade Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated
1.35 g/t
3,600,000
4.81
557,000
Inferred
1.35 g/t
1,000,000
5.24
169,000
 
 
 
 
 
Underground - Three Bluffs Outside Whittle Shell
Classification
Grade Cutoff
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated
2.50 g/t
695,000
5.43
121,000
Inferred
2.50g/t
3,530,000
5.81
660,000
 
 
 
 
 
Total Three Bluffs Resource
 
Tonnage
tonnes
Au
g/t
Au
ounces
 
 
 
 
 
Total Indicated OP+UG
 
4,300,000
4.90
678,000
Total Inferred   OP+UG
 
4,530,000
5.69
829,000

A summary of the resources was announced on April 4, 2012. A correction to the original resource summary table, whereby the open pit inferred and underground indicated values were inadvertently switched, has been made in the final report and is provided above. This typographical error does not affect the originally stated total indicated or total inferred resources.

Notes:
Resource Estimates have been prepared by Dave Rennie, P.Eng., an independent Qualified Person with resource consultants Roscoe Postle Associates Inc.  in accordance with Canadian regulatory requirements set out in NI 43-101 and CIM resource definitions.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.

Three Bluffs Gold Deposit
The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a NI 43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred).  Prior to 2012, gold mineralization was drill tested at shallow levels to evaluate near surface exploration potential along a strike length of 4.1 kilometres. The eastern 1.3 kilometres of the trend is currently the focus of exploration for deeper, high-grade resources.  Recent drilling has reached depths of 500 metres below surface with mineralization remaining strong and open to depth. Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within iron formation. In 2010, NCG completed a Quantec Titan 24 geophysical survey over the Three Bluffs project which indicated that known gold zones at shallow to intermediate depths displays an excellent correlation with DC-resistivity lows. These resistivity lows extend to least 500 metres depth over much of the surveyed area, and recent deep drilling at Three Bluffs has confirmed the spatial association of the DC resistivity lows with gold mineralization persists to depth.

Peter Kleespies, M.Sc., P.Geol., is the Company's Qualified Person as defined by National Instrument 43-101. Mr. Kleespies is responsible for the accuracy of the technical information in this news release.

On behalf of the Board

North Country Gold Corp.
/s/"John Williamson"

For more information on North Country Gold Corp., please visit the company’s website: www.northcountrygold.com or contact:

Brian Budd
Corporate Secretary & Vice President of Corporate Development
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

]]>
441 North Country Drills High Grades, 200m Below Previous Holes At Three Bluffs Hole 12TB134 intersects multiple zones including 6.74g/t Au over 17.4m http://northcountrygold.com/news/index.php?content_id=441 2012-04-26 14:09:00 Hole 12TB134 intersects multiple zones including 6.74g/t Au over 17.4m

April 26, 2012, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces initial results from the 2012 spring drilling program, at its 100% owned Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Deep drilling at the eastern end of the deposit has extended the depth of gold mineralization by a further 200 metres. Hole 12TB134 intersected multiple zones, including 6.74 g/t Au over 17.4 metres, indicating significant expansion potential below current resources. Last month, the Company announced a NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred) at the project.

“The initial results of our 2012 spring drill program have yielded positive indications that high grade gold mineralization persists to at least 500 metres depth from surface and remains strong and open”, stated John Williamson, President and CEO of North Country Gold, “Our 2012 drill program will continue to explore the deeper potential at Three Bluffs with a goal of rapidly expanding the updated resources we announced last month.”

Drill hole 12TB134 tested an area 200m below drill hole 05TB038 which returned 36.25 g/t Au over 4.71m and prior to this program was one of the deepest drill holes at Three Bluffs. The following intersections represent down -hole intervals only. Additional drilling (see figure) is underway to better define the orientation and true thickness of mineralization at these depths.

Table 1. Results 12TB134

Drill Hole
From (m)
To (m)
Width (m)
Au (g/t)
12TB134
492.00
596.00
104.00
2.00
including
507.00
513.00
5.00
6.00
and
562.00
595.40
33.40
4.01
or
578.00
595.40
17.40
6.74
or
589.00
595.40
6.40
10.21

The current released drill hole is part of the 2012 spring drill program at Three Bluffs which is exploring the potential beneath the recently updated resource. Wide spaced drilling is targeting high grade gold mineralization over a strike length of 1200 metres and a vertical extent between 300 and 600 metres below surface.

Three Bluffs Gold Deposit

The Three Bluffs Gold Project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred). Gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres. The deposit has been most extensively drilled over the eastern 1.3 kilometres of the trend where pre-2012 drilling  reached depths of 300 metres below surface with mineralization remaining strong and open to depth. The deepest holes on the deposit have all returned significant high grade intercepts. Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within iron formation. In 2010 NCG completed a Quantec Titan 24 geophysical survey over the Three Bluffs project which indicated that known gold zones at shallow to intermediate depths displays an excellent correlation with DC-resistivity lows. These resistivity lows extend to least 500 metres depth over much of the surveyed area, further supporting the potential to extend significant gold mineralization to depths beyond those drilled to date.

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 180km 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 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  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 NI43-101 - Standards of Disclosure for Mineral Projects.  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
Corporate Secretary and Vice President of Corporate Development
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

]]>
439 North Country Announces Significant Increase In Three Bluffs Resource North Country Gold Corp. (NCG: TSX-V) (NCG or the "Company") today announces a significant increase in the gold resource at the 100% owned Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. The http://northcountrygold.com/news/index.php?content_id=439 2012-04-04 15:31:00 240% increase in inferred ounces, 34% increase in indicated ounces

April 4, 2012, Edmonton, Alberta - North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces a significant increase in the gold resource at the 100% owned Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. The resource at the project now comprises of an Indicated resource of 4.30 mt grading 4.90 g/t for 678,000 ounces and Inferred resource of 4.53 mt grading 5.69 g/t for 829,000 ounces.

“The updated resource model marks a major milestone for the Three Bluffs Project with the new resource essentially doubling since the last estimate completed in early 2009” stated John Williamson, President and CEO of North Country Gold Corp. “This new estimate continues to underpin our belief that we are delineating a significant gold deposit with multi-million ounce potential at high grades. North Country's phase one 12,000 metre expansion program has commenced, specifically targeting high grade zones to depth on the main Three Bluffs trend” added Mr. Williamson.

Table 1, Three Bluffs Resource Estimate, April 2012

Open Pit- Three Bluffs Inside Whittle Shell
Classification
Grade Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated
1.35 g/t
3,600,000
4.81
557,000
 
Inferred
1.35 g/t
1,000,000
5.24
169,000
 
Underground - Three Bluffs Outside Whittle Shell
Classification
Grade Cut-off
g/t
Tonnage
tonnes
Au
g/t
Au
ounces
Indicated
2.50 g/t
695,000
5.43
121,000
 
Inferred
2.50g/t
3,530,000
5.81
660,000
 
Total Three Bluffs Resource
Tonnage
Tonnes
Au
g/t
Au
ounces
 
 
 
 
Total Indicated OP+UG
 
4,300,000
4.90
678,000
Total Inferred   OP+UG
 
4,530,000
5.69
829,000

Notes:

  1. A total of 17 domains utilized in grade estimation of the 0.50g/t wireframes and 16 domains for the 1.00 g/t wireframes. Au capping by domain from 75 g/t Au to 30 g/t Au, 16 domains utilized in grade estimation of 1.00 g/t wireframes, Au capping by domain from 75 g/t Au to 30 Au g/t.
  2. Block grade estimation of 0.50 g/t and 1.00 g/t wireframes utilizing ID3 interpolation.
  3. Block grade estimation for 0.50 g/t and 1.00 g/t wireframes performed by successive search ellipsoids with first pass of 15m x 15m x 5m, second pass 30m x 30m x 10m and third pass 75m x 75m x 20m.
  4. Open pit resources (inside whittle) are estimated at a pit discard grade of 1.35 g/t Au with 93% Au recovery utilizing a long term gold price of US$1,500 per ounce, Whittle pit optimization of 0.50 g/t block model was utilized to constrain the open-pittable resources.
  5. Underground resources constrained from 1.00 g/t wireframe block model below the optimized Whittle pit using a 2.50 g/t block cut-off.
  6. Numbers may not add-up due to rounding.

Resource Methodology

The 2012 Three Bluffs Resource estimate has been prepared by Dave Rennie, P.Eng. with independent resource consultants Roscoe Postle Associates Inc., in accordance with Canadian regulatory requirements set out in NI 43-101 and CIM resource definitions.

The Three Bluffs resource is based on 52,000 metres of drilling on the project completed between 1994 and 2011, with drill hole spacing at 50m x 60m to 30m x 30m in denser drilled portions of the deposit. Wireframes were constructed of correlatable mineralized envelopes utilizing a 0.50 g/t Au and 1.00g/t Au drill hole assay composites. Seventeen individual wireframes were constructed for the 0.50 g/t model and sixteen individual wireframes were constructed for the 1.00 g/t model. Grade capping levels were determined separately for each domain.

Inverse distance cubed (ID3) interpolation using three progressive search volumes (15m x 15m x 5m, 30m x 30m x 10m and 75m x 75m x 20m) on 1.5 metre down hole composites were utilized to assign gold grades to 10m x 10m x 2m blocks. Resource classification was applied using a combination of distance to nearest composite, number of holes used in the estimate, and manual adjustment based on inspection of the blocks.  Inferred was provisionally assigned to any block within 75m of the nearest composite.  Blocks within 30m of the nearest composite (generally within the 30m x 30m drill pattern), for which at least two drill holes contributed composites, were provisionally assigned to the Indicated category.  These provisional assignments were reviewed in section and plan and manually adjusted to eliminate isolated small groups of unrealistically classified blocks.  

To determine the open-pit resources Whittle pit optimization was performed on the 0.50 g/t Au model. The optimization utilized a long-term gold price of US$1,500 per ounce, process gold recovery of 93%, a calculated discard grade of 1.35 g/t Au, and pit batter angles of 50 degrees. The pit discard grade is based on break-even costs of mining, milling and G&A per tonne converted to grams/tonne Au at the gold price used for the optimization.

The underground portion of the resource was estimated from the 1.00 g/t Au model on that portion of the resource which lies below the optimize pit limits, utilizing a block cut-off grade of 2.50 g/t. Underground block cut-off grades are based on third party recommendations of similar size and working operations.

Three Bluffs Gold Deposit

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. To date gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres. The deposit has been most extensively drilled over the eastern 1.3 kilometres of the trend where drilling has reached depths of 300 metres below surface with mineralization remaining strong and open to depth. The three deepest holes on the deposit have all returned significant high-grade intercepts. Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within iron formation. In 2010, North Country Gold completed a Quantec Titan 24 geophysical survey over the Three Bluffs project which indicated that known gold zones at shallow to intermediate depths displays an excellent correlation with DC-resistivity lows. These resistivity lows extend to least 500 metres depth over much of the surveyed area, further supporting the potential to extend significant gold mineralization to depths beyond those drilled to date.

 

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 180km 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 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  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 - Standards of Disclosure for Mineral Projects.  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 Corp.
/s/"John Williamson"

For more information on North Country Gold, please visit the company’s website: www.northcountrygold.com or contact:

Brian Budd
Corporate Secretary & Vice President of Corporate Development
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

]]>
438 North Country Gold Corp Initiates Drilling At The Three Bluffs Gold Project March 21, 2012, Edmonton, Alberta - North Country Gold Corp. (NCG: TSX-V) (NCG or the "Company") is pleased to announce the commencement of operations and initiation of drilling at the Three Bluffs Gold Project, located within the Committee Bay Greenstone http://northcountrygold.com/news/index.php?content_id=438 2012-03-22 15:44:00 March 22, 2012, Edmonton, Alberta - North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) is pleased to announce the commencement of operations and initiation of drilling at the Three Bluffs Gold Project, located within the Committee Bay Greenstone Belt, northeast of Baker Lake, Nunavut, Canada.  The 2012 phase one, spring program is designed to drill 12,000 metres of diamond core targeting high grade gold in plunging ore shoots at the Three Bluffs gold deposit.  The drilling is to follow up on some of the high-grade results from the 2011 drill program, specifically 11TB107B at 15.00 g/t Au over 12 metres, hole 11TB128 at 18.13 g/t Au over 13 metres, and hole 11AN042 at 4.35 g/t Au over 10 metres.  Please see Figure 1 for hole locations.

“We are very happy to have our 2012 program underway and on track”, stated John Williamson, President and CEO of North Country Gold Corp.  “2012 will be an exciting year for North Country as we follow up some of our exceptional results from 2011.  We are confident that our present resource inventory will continue to grow as we extend known mineralization to depth and along strike” added Mr. Williamson.

North Country commenced field operations at the Three Bluffs Gold Project on the 21st of February.  The Company’s Hayes Camp is now fully operational along with the state of the art drill water system and drilling workshop at the Three Bluffs deposit.  In addition, the company has successfully completed construction of a 5200’ Hercules capable ice airstrip on Sandspit Lake, directly adjacent to Hayes Camp.  Heavy airlift of additional equipment and supplies commenced on the 8th of March and is now 15% complete.

North Country Gold will utilize five fully winterized drill rigs supported by motive snow vehicles for the 2012 phase one spring program. 

Coming Events

  • Q1 2012 updated resource estimate expected, incorporating drilling to date of approximately 52,000 metres
  • Results from the first set of drill holes in 2012

1
Figure 1. Long Section (South Limb)

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 180km 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 300km long belt and has identified 5 distinct mineral development centres, focusing in on the Three Bluffs deposit. The Company plans to release an updated gold resource incorporating 1994 to 2011 drilling during Q1, 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 - Standards of Disclosure for Mineral Projects. 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
Corporate Secretary & Vice President of Corporate Development
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

]]>
431 North Country Gold Approves Spring Drill Program North Country Gold Corp. (NCG: TSX-V) (NCG or the "Company") today announces board approval of a $8.0 million phase one spring drill program at the Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Ca http://northcountrygold.com/news/index.php?content_id=431 2012-02-07 13:51:00 CDN $8 million, 12,000 metre program set to commence mid-March

February 7, 2012, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces board approval of a $8.0 million phase one spring drill program at the Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. The program entails approximately 12,000 metres of diamond core drilling targeting resource expansion down-dip of the current high grade Three Bluffs deposit.

“The 2012 phase 1 drilling program is designed to continue to expand the Three Bluffs resource to depth following our successful 2011 drilling” said North Country’s President and CEO, John Williamson. “With the discovery of high grade shoots extending to depth along the 1.3 kilometre core Three Bluffs segment of the 4 kilometre Walker Lake trend, North Country is confident that the 2012 drilling will continue to rapidly build the resource inventory on the project.

The Three Bluffs gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. To date gold mineralization has been drill tested at shallow levels along a strike length of 4.1 kilometres.  The deposit has been most extensively drilled over the eastern 1.3 kilometres of the trend where drilling has reached depths of 300 metres below surface with mineralization remaining strong and open to depth. The three deepest holes on the deposit (see Table 1, Figure 1) have all returned significant high grade intercepts. Geological modeling of the Three Bluffs gold system has identified several controls on high-grade mineralization including steep east plunging shoots and shallow east plunging fold hinges within iron formation. In 2010 NCG completed a Quantec Titan 24 geophysical survey over the Three Bluffs project which indicated that known gold zones at shallow to intermediate depths displays an excellent correlation with DC-resistivity lows. These resistivity lows extend to least 500 metres depth over much of the surveyed area, further supporting the potential to extend significant gold mineralization to depths beyond those drilled to date.

TABLE 1: 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 Phase 1, 2012 spring programat the Three Bluffs Project will entail approximately 12,000 metres of diamond core drilling specifically targeting depth extensions to high grade gold mineralized structures identified during the 2011 program with a component of the program designed to test for deep extensions to high grade mineralization indicated by the Titan 24 geophysical survey.

The program is scheduled to begin in mid-February with commissioning of the camp facilities and mobilization of equipment and supplies and drilling with five diamond core rigs is anticipated to commence mid-March.

Please click the link below to see Figure 1:

http://northcountrygold.com/_resources/NCG-NR---February-7-2012.jpg

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 180km 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 300km long belt and has identified 5 distinct mineral development centres, focusing in on the Three Bluffs deposit.  The Company plans to release an updated gold resource incorporating 1994 to 2011 drilling during Q1, 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 - Standards of Disclosure for Mineral Projects.  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
Corporate Secretary and Vice President of Corporate Development
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

 

]]>
428 North Country Gold Corp. Closes C$12,009,600 Common Share and Flow-Through Common Share Bought Deal Financing North Country Gold Corp. (the "Company") is pleased to announce that it has closed the bought deal private placement financing previously announced on November 28, 2011. http://northcountrygold.com/news/index.php?content_id=428 2011-12-20 09:10:00

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

December 20, 2011, Edmonton, Alberta – North Country Gold Corp. (the “Company”) is pleased to announce that it has closed the bought deal private placement financing previously announced on November 28, 2011.  The transaction was led by Canaccord Genuity Corp. and a syndicate of underwriters including RBC Dominion Securities Inc., PI Financial Corp. and Byron Capital Markets Ltd. (collectively, the “Underwriters”).  The Company sold 3,766,746 common shares (the “Common Shares”) at a price of C$0.75 per Common Share and 10,205,045 common shares issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of C$0.90 per Flow-Through Share for total gross proceeds of C$12,009,600 (the “Offering”). 

The Underwriters received a cash fee on the sale of the securities equal to 6% of the aggregate gross proceeds raised in the Offering, and 838,307 broker warrants (“Broker Warrants”), which represents 6% of the Flow-Through Shares and Common Shares issued pursuant to the Offering.  Each Broker Warrant shall be exercisable for one common share of the Company at a price of C$1.00 at any time up to 24 months after closing.

The Company intends to use the gross proceeds of the Flow-Through Shares issued to incur eligible Canadian Exploration Expense on the Company's properties. These qualifying expenditures will be renounced in favour of subscribers for the 2011 tax year. The net proceeds from the sale of shares will be used for other capital expenditures on the Company's Committee Bay Project located in Nunavut and for general corporate purposes.

This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.  The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements.

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 180km 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 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  The Company plans to release 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 – Standards of Disclosure for Mineral Projects.  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 of Directors

North Country Gold Corp.

(signed)"John Williamson"

For more information on North Country Gold Corp., please visit the Company’s website: www.northcountrygold.com or contact:

Brian Budd
Corporate Secretary and Vice President of Corporate Development
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

]]>
427 North Country Gold Corp. Announces C$10,008,000 Bought Deal Flow-Through Common Share and Common Share Private Placement North Country Gold Corp. (the "Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. as lead underwriter on behalf of a syndicate of underwriters (collectively, the "Underwriters"), to purchase a maximum of 6, http://northcountrygold.com/news/index.php?content_id=427 2011-11-28 04:57:00

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

November 28, 2011, Edmonton, Alberta - North Country Gold Corp. (the “Company”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. as lead underwriter on behalf of a syndicate of underwriters (collectively, the “Underwriters”), to purchase a maximum of 6,670,800 common shares (the “Shares”) at a price of C$0.75 per Share to raise up to C$5,003,100 and a minimum of 5,561,000 and a maximum of 11,120,000 common shares of the Company issuable on a “flow-through” basis pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of C$0.90 per Flow-Through Share to raise a minimum of C$5,004,900 and a maximum of C$10,008,000, for total aggregate gross proceeds of C$10,008,000 (the “Underwritten Offering”).

In addition, the Company has also granted the Underwriters an option, exercisable at any time up to 48 hours prior to the closing of the Underwritten Offering, to purchase from the Company securities, in any combination of Shares and Flow-Through Shares, to raise additional proceeds of up to 20% of the Underwritten Offering (the “Underwriters’ Option”, and together with the Underwritten Offering, the “Offering”).

The Underwriters will receive a cash fee on the sale of the securities equal to 6% of the aggregate gross proceeds raised in the Offering, and broker warrants (“Broker Warrants”) equal to 6% of the Offering.  Each Broker Warrant shall be exercisable for one common share of the Company at a price of C$1.00 at any time up to 24 months after closing.

The Company intends to use the gross proceeds of the Flow-Through Share issue to incur eligible Canadian Exploration Expense on the Company's properties. These qualifying expenditures will be renounced in favour of subscribers for the 2011 tax year. The net proceeds from the sale of Shares will be used for other capital expenditures on the Company's Committee Bay Project located in Nunavut and for general corporate purposes.

Closing of the Offering is anticipated to occur on or before December 20, 2011 and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.  The Common Shares and the Flow-Through Common Shares will be subject to a statutory hold or restricted period of four months following the closing date.

This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.  The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements.

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 180km 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 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  The Company plans to release 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 - Standards of Disclosure for Mineral Projects.  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 of Directors

North Country Gold Corp.

(signed)"John Williamson"

For more information on North Country Gold Corp., please visit the Company’s website: www.northcountrygold.com or contact:

Brian Budd
Corporate Secretary and Vice President of Corporate Development
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

 

]]>