North Country Gold Corp.
TSX VENTURE : NCG

North Country Gold Corp.

March 03, 2011 09:10 ET

North Country Gold Corp. Announces $25 Million Program at Three Bluffs

Six Drill Resource Delineation and Expansion Program Planned for 2011

EDMONTON, ALBERTA--(Marketwire - March 3, 2011) -

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

North Country Gold Corp. (TSX VENTURE:NCG) (NCG or the "Company") today announced the 2011 exploration program for its Three Bluffs gold project at the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. This year's program will be focused on gold resource delineation and expansion along the 4.1 kilometer Walker Lake Trend which hosts the Three Bluffs and Antler deposits.

"The 2011 exploration season will be pivotal for North Country Gold," stated John Williamson, President and CEO of North Country Gold Corp, "Based on the outstanding success of our 2010 program North Country Gold is poised for the most aggressive exploration season on the project to date. "From the 2010 drilling results and the Titan 24 geophysics conducted on the project last year we are very confident that the Walker Lake trend hosting our known mineralization is continuously mineralized over a strike length of at least 4.1 kilometers. This year's drilling programs are designed to significantly increase the gold resource present on the project by defining the open-pittable resource along the entirety of the trend, pursuing high grade trends to depth and testing for new zones based on the latest geophysical results," added Mr. Williamson.

The program is planned to begin in early March with mobilization of crews to establish a seasonal airstrip to facilitate mobilization of equipment and fuel during April and May. Drilling is expected to commence during April with a single reverse circulation drill which will explore along the trend in advance of start-up of five diamond drill rigs in mid-May. Drilling with all six rigs is expected to continue on the project through the summer.

In conjunction with the drilling program, North Country Gold plans on significant infrastructure improvements for the project during 2011 which are expected to improve overall drilling productivity while decreasing the exploration costs associated with drilling in remote environments.

The Three Bluffs deposit 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). 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 indentify 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.

About North Country Gold Corp.

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 kilometers north of Baker Lake within Nunavut Territory, Canada. North Country Gold Corp is currently the 100% beneficial owner of the mineral rights to 202 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 Golds Corp's QA/QC program is provided on the Company's website at www.northcountrygold.com or m.northcountrygold.com on your mobile phone.

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

John Williamson, P.Geol, President and CEO

This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, 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. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. 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.

Contact Information