North Country Gold Corp. Extends High-Grade Gold Trend at Three Bluffs and Three Bluffs West to Depth and Along Strike
August 09 2011 - 7:10AM
Marketwired Canada
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.
North Country Gold Corp. (TSXV:NCG)
Historical Stock Chart
From May 2024 to Jun 2024
North Country Gold Corp. (TSXV:NCG)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
More North Country Gold Corp. News Articles