North Country Gold Corp.
TSX VENTURE : NCG

North Country Gold Corp.

September 23, 2010 08:30 ET

North Country Gold Corp. Final 2010 Drill Results; High-Grade Intercepts of 12.51 g/t Au over 19.41 m and 7.84 g/t over 10.00 m

EDMONTON, ALBERTA--(Marketwire - Sept. 23, 2010) - North Country Gold Corp. (TSX VENTURE:NCG) (NCG or the "Company") today announces the final results from the Three Bluffs project at the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. The final twelve holes from the Three Bluffs target continue to deliver excellent results from the Three Bluffs and Three Bluffs West areas.

"With these final results from North Country Gold's Three Bluffs project we have identified the opportunity to establish a large viable resource," stated John Williamson, President and CEO of North Country Gold Corp. "High grade mineralization has now been established over 4.1 kilometres and we believe that the potential for the entire structure to be mineralized is excellent. Results from this years' drilling indicate the presence of high-grade shoots along the length of the structure which have now only been tested at very shallow levels," added Mr. Williamson.

A total of fifty two drill holes were completed during 2010 along the Walker Lake Trend which hosts the Three Bluffs resource.

2010 Drilling Accomplishments:

  • Drilling has upgraded and confirmed the present resource area.
  • Extended the Three Bluffs deposit approximately 650 metres to the west.
  • Outlined an additional 700 metres strike length of mineralized structure at Antler.
  • And has extended the known mineralization over 4.1 kilometres of strike with high grade intersects at Hayes.

Results from the final five holes of fifteen holes completed at the Three Bluffs Resource area target are given in Table 1. Results from the final seven holes of fifteen completed at the Three Bluffs West target are given in Table 2.

The recent drilling was conducted at shallow levels to a maximum of 100 metres below surface, and mineralization remains open to depth along the newly defined mineralized trends. An additional 1500 metres of strike along the Walker Lake Trend remains to be tested between Three Bluffs and Antler / Antler and Hayes with the trend remaining open west of Hayes.

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 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.

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 approximately 557,323 acres (225,569 hectares) of land comprising 216 active mineral claims and 14 mineral leases.  

Table 1. Final 2010 Three Bluffs Results
 
Hole # From (m) To (m) Length (m) Gold (g/t)
10TB096 11.59 31.00 19.41 12.51
10TB097 8.00 27.00 19.00 2.58
including 8.00 16.00 8.00 4.40
10TB098 2.30 60.34 58.04 1.35
including 7.00 21.00 15.00 2.72
10TB099 3.80 43.00 39.20 1.88
including 3.80 9.00 5.20 3.96
and 22.00 31.00 9.00 2.51
10TB100 3.00 54.00 51.00 1.30
including 3.00 7.00 4.00 2.03
and 21.54 29.00 7.46 4.00
 
Table 2. Final 2010 Three Bluffs West Results
 
Hole # From (m) To (m) Length (m) Gold (g/t)
10TW007 56.00 58.10 2.10 7.72
  68.00 72.10 4.10 2.39
10TW008 118.00 128.00 10.00 7.84
including 123.00 128.00 5.00 15.20
  133.00 140.00 7.00 3.86
10TW009 29.00 32.00 3.00 2.41
  73.00 74.00 1.00 4.60
10TW011 33.00 50.00 17.00 1.72
including 41.00 46.00 5.00 3.26
10TW010 34.00 45.00 11.00 2.03
including 34.00 38.00 4.00 3.94
10TW012A 133.00 154.00 21.00 1.47
including 137.00 144.00 7.00 1.90
and 148.00 154.00 6.00 1.70
10TW013 60.20 73.07 12.87 2.47
including 64.47 70.00 5.53 3.67

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 Corp.

John Williamson

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

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.

Contact Information