North Country Gold Corp. Completes Infrastructure Upgrades at Three Bluffs Project
26 September 2011 - 10:30PM
Marketwired
North Country Gold Corp. (TSX VENTURE: NCG) (NCG or the "Company")
is pleased to announce it has completed infrastructure upgrades at
its 100% owned Three Bluffs Deposit, north of Baker Lake, Nunavut.
Camp infrastructure improvements at the Three Bluffs project
include upgrading the camp to a modern 100 man facility including
installation of leading edge power generation, kitchen, washroom
facilities, waste water treatment and incinerator equipment. The
construction of a 3,300 foot gravel airstrip, bulk fuel handling
facilities and two 3,800 square foot sprung structures to serve as
future shop and core processing facilities, are also nearing
completion.
NCG has also installed a state of the art, all-season, automated
water supply system to provide water for drilling along the 4.1
kilometre Walker Lake Trend hosting the Three Bluffs, Antler and
Hayes gold system.
The project management, engineering, procurement and
construction of the infrastructure upgrades at the Three Bluffs
project were completed by JDS Energy & Mining, Inc. ("JDS") of
Vancouver and Kelowna, B.C., Canada during January to August of
2011.
"The scale of the infrastructure upgrades to the Three Bluffs
project reflect our belief in the viability of the project to
deliver an economic gold resource in the future," stated John
Williamson, President and CEO of NCG. "The upgrades will not only
allow us to ramp-up drilling and exploration activities in future
campaigns, but will allow us to do so in a more efficient and cost
effective manner. The fully automated, all season system to supply
the drills with water will allow NCG to effectively extend the
drilling season, both earlier in the spring and later into the fall
when freezing conditions have traditionally precluded the use of
conventional water line systems," added Mr. Williamson.
The Three Bluffs Gold Project currently hosts an indicated
resource of 508,000 ounces (2,700,000 tones at 5.85 g/t Au) and an
additional inferred resource of 244,000 ounces (1,270,000 tones at
5.98 g/t Au) at the Three Bluffs deposit which remains open to the
west and to depth. The deposit occurs at the eastern end of a
package of auriferous iron formation bearing supracrustral rocks
(Walker Lake Trend) that has been traced at least five kilometres
west, which the spring 2010 drilling has indicated may be
continuously mineralized. North Country Gold Corp. believes that
significant potential exists along the Walker Lake Trend and has
developed a strategy to indentify additional near surface
open-pittable gold resources along the strike length of the trend.
This will incrementally add to the existing high grade resource
inventory underpinned by 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 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.northcountrygold.com.
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,
John Williamson
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 and Director 604.697.2861 brianb@northcountrygold.com
www.northcountrygold.com
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