November 22, 2011, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (“North Country” or the “Company”) is pleased to announce, that it has appointed Kerry M. Curtis as an independent director of North Country Gold Corp., subject to regulatory approval.
"On behalf of my fellow directors, I would like to welcome Mr. Curtis to the North Country board of directors. This appointment comes at an exciting time as we advance the Three Bluffs high-grade gold deposit located in Nunavut, Canada" states John Williamson, President and Chief Executive Officer of North Country. “Mr. Curtis brings a wealth of knowledge and experience in transitioning the Meadowbank gold project from exploration through to development and acquisition by Agnico-Eagle Mines”, added Mr. Williamson.
Mr. Curtis is an experienced executive in the Canadian mining sector. From 1995 to 2007, he held various Senior Executive roles with Cumberland Resources Ltd. (“Cumberland”) whose principle projects were the Meadowbank and Meliadine gold projects in Nunavut, Canada. He was initially responsible for exploration, business development and investor relations. In 1998, he was appointed Senior Vice President of Cumberland and focused on the exploration and advancement of the Meadowbank Gold Project, which through discovery and the delineation of several gold deposits, expanded into one of Canada’s largest undeveloped gold resources.
In 2003, Mr. Curtis was appointed President, Chief Executive Officer and Director of Cumberland. Over the next several years he led the transition of the company from explorer to developer by completing Bankable Feasibility, development permitting, project financing and commencing the initial construction of the Meadowbank Gold Project. He worked with all levels of government, Inuit and community based organizations to secure agreements on taxation, compensation and benefits for resource development in Nunavut. Mr. Curtis continued in this role until 2007, when Cumberland was acquired by Agnico-Eagle Mines Ltd. in a transaction valued at $730 million. Meadowbank achieved production in early 2010, becoming Nunavut’s first new gold mine and is currently one of Canada’s largest producing gold mines. From 2008 to 2010, Mr. Curtis was a Director of privately owned, Meliadine Resources Ltd. which was acquired by Comaplex Minerals Corp. prior to its buyout by Agnico-Eagle Mines.
Mr. Curtis has 28 years of experience in exploration, resource analysis, permitting, mine design, feasibility, development and financing as well as corporate development and general corporate affairs. He is a graduate of the University of British Columbia with a Bachelors of Science in Geology and a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia. He is currently President and Chief Executive Officer of South Arm Resources Ltd., a private company based in Richmond, British Columbia.
The Company also announces the resignation of Mr. Brian Budd from the board of directors and his appointment as Corporate Secretary of North Country on November 21, 2011. Mr. Budd will continue in his role of Vice President, Corporate Development. “I would like to thank Brian for his outstanding service and contributions to our board and we are very pleased he has accepted the role of Corporate Secretary. We also look forward to Brian’s continued success as he focuses on our corporate development activities.” stated John Williamson, President and Chief Executive Officer of North Country.
Grant of Options
The Company's board of directors has granted stock options to an incoming director and the Corporate Secretary, to acquire up to an aggregate of 1,100,000 common shares of North Country under the Company's stock option plan. The stock options are exercisable at a price of $0.85 per common share.
About North Country Gold Corp.
North Country Gold Corp. controls one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The gold-rich Committee Bay Greenstone Belt is located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine. The Three Bluffs deposit is geologically comparable, with similar grades, type of mineralization and age as Meadowbank and Meliadine Gold Deposits. The Company holds 100% interest in 530,630 acres along the 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.
NORTH COUNTRY GOLD CORP. TO RELEASE AN UPDATED GOLD RESOURCE IN 2012.
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 – Standards of Disclosure for Mineral Projects. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com .
On behalf of the Board of Directors
North Country Gold Corp.
For more information on North Country Gold Corp., please visit the company’s website: www.northcountrygold.com or contact:
Corporate Secretary and Vice President of Corporate Development
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.
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