Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

North Country Gold Corp V.NCG



TSXV:NCG - Post by User

Post by simpleFactson May 24, 2012 3:18pm
488 Views
Post# 19943167

NORTH COUNTRY CONTINUES TO EXTEND HIGH GRADES TO D

NORTH COUNTRY CONTINUES TO EXTEND HIGH GRADES TO D

NORTH COUNTRY CONTINUES TO EXTEND HIGH GRADES TO DEPTH AT THREE BLUFFS

Drill Highlights of 10.20 g/t Au over 4.00 metres and 9.78 g/t Au over 3.00 metres from Western portion of Deposit


May 24, 2012, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces additional results from the 2012 spring drilling program at its 100% owned Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. Results from four wide-spaced holes drilled on the western portion of the deposit, include 10.20 g/t over 4.00 metres and 9.78 g/t over 3.00 metres. These drill holes demonstrate continuation of higher grade mineralization to depth and beneath the current NI43-101 compliant resource of 4.30 Mt at 4.90 g/t gold for 678,000 ounces gold (indicated) and 4.53Mt at 5.69 g/t gold for 829,600 ounces gold (inferred).

“Our first results from the western portion of the Three Bluffs have again yielded positive indications that high-grade gold mineralization continues to persist at depth along the 1.3 kilometre strike length of the deposit”, stated John Williamson, President and CEO of North Country Gold, “North Country is very pleased with these drill holes which demonstrate excellent depth continuity, both in thickness and grade, from relatively wide spaced drill holes”.

The four drill holes in this release targeted the depth extension of the western portion of the Three Bluffs zone over a strike length of 360 metres and between 300 and 400 metres below surface, at the base of the current resource (see figure). All holes intersected significant grades and widths. Assay results are given in Table 1. Mineralization remains open for expansion at depth.

Table 1. Results 12TB131-135

Drill Hole
From (m)
To (m)
Width (m)
Au (g/t)
11TB131
258.00
274.00
16.00
1.31
293.00
312.00
19.00
2.20
including
300.00
306.00
6.00
4.48
11TB132
130.00
133.00
3.00
2.24
237.00
239.00
2.00
5.55
273.00
281.00
8.00
5.03
including
278.00
281.00
3.00
9.78
285.00
289.00
4.00
3.27
297.85
294.00
1.15
5.06
12TB133
316.00
322.00
6.00
2.59
334.00
338.00
4.00
1.76
355.00
365.00
10.00
3.07
including
355.00
360.00
5.00
5.13
12TB135
308.00
340.48
32.48
2.99
including
323.00
333.00
10.00
6.82
or
325.00
329.00
4.00
10.20
and
335.00
337.00
2.00
4.51

Note: True widths estimated to be 50-60% of intersect length

These drill holes are part of the 2012 spring drill program at Three Bluffs, which is testing a large area beneath the current resource. Drilling is targeting high-grade gold mineralization over a strike length of 1,200 metres and a vertical extent of 300 metres from the interval between 300 and 600 metres below surface.

<< Previous
Bullboard Posts
Next >>