North Country Gold Corp. Extends High-Grade Gold Trend at Three Bluffs and Three Bluffs West to Depth and Along Strike
09 August 2011 - 10:10PM
Marketwired
North Country Gold Corp. (TSX VENTURE: NCG) (NCG or the "Company")
announces the third tranche of results from the 2011 drill program
at the Three Bluffs Gold Project in the Committee Bay Greenstone
Belt located northeast of Baker Lake, Nunavut, Canada. Drilling has
intersected high grade gold to depth and along strike, west of the
current resource area at the Three Bluffs and Three Bluffs West
zones, increasing the strike length of the core Three Bluffs zones
to over 1300 metres. Drilling has also confirmed the presence of
mineralization over an additional 700 metres of strike between the
Three Bluffs West and Antler zones.
"The presence of significant gold grade intercepts at depth and
along strike of Three Bluffs and Three Bluffs West area continue to
confirm the significant resource potential along the Walker Lake
Trend," said John Williamson, President and CEO of North Country
Gold Corp. "We are beginning to see a trend of increasing grades
and thicknesses to depth as we continue to explore the area west of
our current Three Bluffs resource. Additionally, the confirmation
of mineralization in the Three Bluffs - Antler gap opens up further
resource opportunities as we continue to explore this area to
depth," added Mr. Williamson.
Highlights from the 5 diamond drill and 3 reverse circulation
drill holes at Three Bluffs include 16.23 g/t Au over 10.00 m
(11TB107B) obtained along the depth extension of the shear zone at
approximately 200 m below the surface. Highlights from the 3
diamond drill holes at Three Bluffs West include 15.00 g/t Au over
11.25 m (11TW016) and 4.85g/t Au over 8 m (11TW020) obtained along
the strike and depth extension of the shear zone (note: 11TW016 has
been upgraded from the previously released 7.36 g/t Au over 11.25 m
(see press release dated July 6, 2011) upon completion of metallic
screen assays over the mineralized interval). These intersections
have significant potential to increase the gold resources to depth
at Three Bluffs and Three Bluffs West.
Table 1. Three Bluffs - Three Bluffs West Results
---------------------------------------------------------------------------
Drill Hole Type From (metres) To (metres) Length (metres) Au (g/t)
---------------------------------------------------------------------------
11TBC003 RC 22.86 45.72 22.86 1.98
including 32 36.57 4.57 3.33
and 41.14 45.72 4.58 4.35
57.91 76.19 18.28 1.47
109.72 111.25 1.52 12.20
---------------------------------------------------------------------------
11TBC004 RC 16.76 30.47 13.71 1.49
including 16.76 19.81 3.04 3.80
41.14 48.76 7.62 1.22
---------------------------------------------------------------------------
11TBC005 RC 9.14 13.71 4.57 1.94
21.33 25.90 4.57 1.85
---------------------------------------------------------------------------
11TB102 DD 112.30 114.00 1.70 1.63
118.00 122.69 4.69 1.39
131.00 137.00 6.00 2.38
including 131.00 135.00 4.00 3.00
---------------------------------------------------------------------------
11TB106 DD 123.00 124.00 1.00 1.20
125.00 126.00 1.00 1.24
129.50 136.00 6.50 2.96
including 131.00 134.00 3.00 4.21
153.00 169.39 16.39 2.10
including 162.00 168.00 6.00 2.92
---------------------------------------------------------------------------
11TB107 DD 169.00 187.00 18.00 2.41
including 172.00 175.00 3.00 3.42
and 178.00 182.00 4.00 3.71
and 186.00 187.00 1.00 7.09
---------------------------------------------------------------------------
11TB107B DD 188.00 200.00 12.00 15.00
including 191.00 196.00 5.00 27.53
221.00 227.00 6.00 2.15
---------------------------------------------------------------------------
11TB108B DD 128.00 136.00 8.00 1.19
145.52 156.00 10.48 2.43
including 149.00 153.00 4.00 3.64
162.00 163.00 1.00 3.70
---------------------------------------------------------------------------
11TW016 DD 146.00 157.25 11.25 15.00
including 152.00 157.25 5.25 29.02
---------------------------------------------------------------------------
11TW017 DD 101.00 110.00 9.00 2.11
including 105.00 110.00 5.00 2.93
---------------------------------------------------------------------------
11TW020 DD 150.94 153.00 2.06 1.84
159.00 167.00 8.00 4.85
including 163.00 167.00 4.00 8.58
---------------------------------------------------------------------------
Three Bluffs West - Antler Gap
Results, including 8.67 g/t Au over 4.57 m from five wide-spaced
reverse circulation drill holes drilled between Three Bluffs West
and Antler zones indicate that the Walker Lake structure is
continuously mineralized through the previously un-drilled gap.
These initial exploratory drill holes targeted the near-surface
projection of the mineralized corridor and have confirmed the
presence and location of the mineralization. Results of the 2010
Quantec Titan 24 survey indicate that mineralization in this
section of the trend is best developed at depth, well below the
level of the present drill holes. North Country is currently
testing the deeper portion of the Three Bluffs-Antler gap,
targeting Titan 24 resisitivity lows, which are directly associated
with high grade mineralization at Three Bluffs, Three Bluffs West
and Antler.
Table 2. Three Bluffs West - Antler Gap results
---------------------------------------------------------------------------
Drill Hole Type From (metres) To (metres) Length (metres) Au (g/t)
---------------------------------------------------------------------------
11TWC004 RC 48.77 50.29 1.52 1.93
59.43 62.47 3.04 2.23
---------------------------------------------------------------------------
11TWC005 RC 108.20 112.77 4.57 1.94
124.96 129.53 4.57 8.67
---------------------------------------------------------------------------
11TWC008 RC 57.91 59.43 1.52 4.93
---------------------------------------------------------------------------
11TWC009 RC 88.39 92.96 4.57 2.16
---------------------------------------------------------------------------
11TWC011 RC 88.39 94.48 6.09 2.44
---------------------------------------------------------------------------
Click here for drilling plan view:
http://northcountrygold.com/projects/drill_results/
About North Country Gold Corp.
The Three Bluffs deposit currently hosts an indicated resource
of 508,000 ounces (2,700,000 tonnes at 5.85 g/t Au) and an
additional inferred resource of 244,000 ounces (1,270,000 tonnes at
5.98 g/t Au). The Three Bluffs deposit occurs at the eastern end of
a package of auriferous iron formation bearing supracrustral rocks
(Walker Lake Trend) along which North Country Gold Corp. is
focusing exploration and has conducted drilling in three key areas
over a 4.1 kilometer segment of the trend during 2010: Three
Bluffs, Antler, and Hayes.
NCG believes that significant potential exists along the Walker
Lake trend and has developed a strategy to identify additional
near-surface open-pittable gold resources along the strike length
of the trend, which will incrementally add to the existing
high-grade resource inventory underpinned by the Three Bluffs
deposit.
North Country Gold Corp. controls one of the largest under
explored greenstone belts within Canada, and has numerous drill
ready high grade gold targets, in addition to those at Three
Bluffs. The gold-rich Committee Bay Greenstone Belt is located
approximately 300 kilometres north of Baker Lake within Nunavut
Territory, Canada. North Country Gold Corp. is currently the 100%
beneficial owner of the mineral rights to approximately 557,323
acres (225,569 hectares) of land comprising 216 active mineral
claims and 14 mineral leases.
North Country Gold Corp. maintains an extensive quality control
program in the preparation, shipping and checking of all samples
from the property. The program is supervised by Peter Kleespies,
M.Sc., P. Geol. who is the Qualified Person as defined by NI
43-101. A detailed description of North Country Gold Corp.'s QA/QC
program is provided on the Company's website at
www.northcountrygoldcom.
North Country Gold Corp. is a member of the Discovery Group of
companies, for more information on the group visit
www.discoveryexp.com.
On behalf of the Board
North Country Gold Corp.
John Williamson, P.Geol, President and CEO
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.
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.
Contacts: North Country Gold Corp. Brian Budd VP of Corp.
Development & Director 604.697.2861 brianb@northcountrygold.com
www.northcountrygold.com
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