Oct 1 2014
North Country Gold Corp. ("North Country", "NCG" or the "Company") today announced the company has completed a site and infrastructure maintenance program at its Three Bluffs Gold project located northeast of Baker Lake, in Nunavut, Canada.
The four-week program addressed servicing of camp infrastructure, motive and drill equipment fleet and included site visits by key consultants to allow completion of a PEA if permissible during Q4, 2014 and Q1, 2015.
"After significant redefinition of the Three Bluffs Gold project in terms of its exploration potential, we are now preparing to recommence exploration activity. North Country Gold's 2014 maintenance program was conducted to ensure availability of the site infrastructure, drilling fleets and mobile support vehicles for a highly anticipated late winter/early spring start to our 2015 exploration campaign," stated Brian Budd, President of North Country Gold. "In addition the completion of site visits by key consultants during the program will allow for preparation and completion of a possible PEA during the remainder of 2014 and early 2015," added Mr. Budd.
Three Bluffs Gold Deposit
The Three Bluffs Gold project is a structurally controlled lode gold system hosted within oxide facies iron formation and greywackes. The deposit currently hosts a combined open pit/underground resource of 4.30Mt at 4.91 g/t gold for 683,000 ounces gold (indicated) and 5.52Mt at 5.43 g/t gold for 965,000 ounces gold (inferred) (see press release dated April 23, 2013), including a high-grade underground resource subset of 1.164Mt at 10.95 g/t gold for 410,000 ounces (indicated) and 2.002Mt at 9.26 g/t gold for 587,000 ounces (inferred) (see press release dated July 10, 2014). To date, Three Bluffs has been drill tested along a strike length of 4.1 kilometres to depths of 500 metres below surface with gold mineralization persisting to depth where the company has identified additional mineral potential* comprising 4.5 to 7.5 million tonnes grading between 3.8 g/t and 7.3 g/t gold (see press release date April 23, 2013). *Estimates of the potential quantity and grade of additional mineral potential at Three Bluffs are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
About North Country Gold Corp.
North Country Gold Corp. controls the gold-rich Committee Bay Greenstone Belt located 180km northeast of the of Agnico Eagle's Meadowbank gold mine in Nunavut Canada. It is one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The Company holds a 100% interest in 239,747 acres along the 300km long belt and has identified 5 distinct exploration centres with numerous high-grade gold drill intercepts. North Country operations are currently focused on advancement of the Three Bluffs deposit, which is geologically comparable, with similar grades, type of mineralization and age, to the Lupin, Meadowbank and Meliadine gold deposit.
North Country Gold's vision is the build the company into a long term junior to mid-tier gold producer through disciplined exploration and development of high quality gold assets in stable safe mining jurisdictions.
On behalf of the Board
North Country Gold.
John Williamson
For more information on North Country Gold, please visit the company's website: www.northcountrygold.com.
Source: http://www.northcountrygold.com/