North Country Gold Corp. Receives Regulatory Approvals to Significantly Increase Exploration Activities, Upgrade Camp Facilit...
September 14 2011 - 8:30AM
Marketwired
North Country Gold Corp. (TSX VENTURE: NCG) (NCG or the "Company")
is pleased to report that the Company has successfully obtained the
regulatory instruments necessary to significantly advance the
exploration program, including upgrades to the existing Hayes Camp,
the airstrip, and construction of a 10km all weather road from
Hayes Camp to the Three Bluffs Deposit.
NCG has received the necessary land and quarry leases, permits
and licenses from Indian and Northern Affairs Canada, Nunavut Water
Board, and Kitikmeot Inuit Association (Kit.I.A.). NCG's upgrades
will increase the capacity of Hayes Camp up to 100 people, and
allow for larger aircraft to land and supply the program in
all-weather conditions. Camp upgrades will include building a new
work area (shop, office and core processing facilities, as well as
core and fuel storage), new sleep facilities, commercial kitchen
and washrooms, a new incinerator, waste water treatment system and
generators. In addition, NCG will build a ten (10) kilometre all
weather road from Hayes Camp to the Three Bluffs deposit to allow
for safer and more efficient transport of personnel and goods to
and from the deposit. All upgrades and new infrastructure focus on
minimizing the environmental impacts of our work while improving
the health and safety of all those working at the site. These
upgrades will have an immensely positive impact on all future
exploration at both the Three Bluffs Deposit and the entire
Committee Bay Belt.
"We are very pleased with the prompt issuance of the permits and
licenses from the Government of Nunavut, INAC and the Kit.I.A.,"
stated John Williamson, President and CEO. "With the continued
strong support, NCG looks forward to progressing the Three Bluffs
Deposit towards development and providing opportunities to local
communities."
The Three Bluffs NI 43-101 Gold Project 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 remains
open to the west and to depth. The deposit occurs at the eastern
end of a package of auriferous iron formation bearing supracrustral
rocks (Walker Lake Trend) that has been traced at least five
kilometres to the west. In 2011, North Country Gold mounted its
largest exploration program to date at the Three Bluffs high-grade
gold deposit in Nunavut, Canada. The Company spent $25 million on
an extensive drill program along the Walker Lake Trend and
significantly expanded project access and camp infrastructure. A
comprehensive drill program of 7 rigs in operation completed 30,000
metres of drilling on numerous targets along the trend. The Company
is focused on delivering a substantially updated resource estimate
in Q1, 2012. North Country Gold's 2012 program will be equally
aggressive, with the potential for 8 to 10 drill rigs targeting
over 40,000 metres.
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 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.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.
John Williamson
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.
Contacts: North Country Gold Corp. Brian Budd VP of Corp.
Development & Director 604-697-2861 or 604-646-4525
brianb@northcountrygold.com www.northcountrygold.com