NORTH COUNTRY GOLD CORP INITIATES DRILLING AT THE THREE BLUFFS GOLD PROJECT
March 22, 2012, Edmonton, Alberta - North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) is pleased to announce the commencement of operations and initiation of drilling at the Three Bluffs Gold Project, located within the Committee Bay Greenstone Belt, northeast of Baker Lake, Nunavut, Canada. The 2012 phase one, spring program is designed to drill 12,000 metres of diamond core targeting high grade gold in plunging ore shoots at the Three Bluffs gold deposit. The drilling is to follow up on some of the high-grade results from the 2011 drill program, specifically 11TB107B at 15.00 g/t Au over 12 metres, hole 11TB128 at 18.13 g/t Au over 13 metres, and hole 11AN042 at 4.35 g/t Au over 10 metres. Please see Figure 1 for hole locations.
“We are very happy to have our 2012 program underway and on track”, stated John Williamson, President and CEO of North Country Gold Corp. “2012 will be an exciting year for North Country as we follow up some of our exceptional results from 2011. We are confident that our present resource inventory will continue to grow as we extend known mineralization to depth and along strike” added Mr. Williamson.
North Country commenced field operations at the Three Bluffs Gold Project on the 21st of February. The Company’s Hayes Camp is now fully operational along with the state of the art drill water system and drilling workshop at the Three Bluffs deposit. In addition, the company has successfully completed construction of a 5200’ Hercules capable ice airstrip on Sandspit Lake, directly adjacent to Hayes Camp. Heavy airlift of additional equipment and supplies commenced on the 8th of March and is now 15% complete.
North Country Gold will utilize five fully winterized drill rigs supported by motive snow vehicles for the 2012 phase one spring program.
Q1 2012 updated resource estimate expected, incorporating drilling to date of approximately 52,000 metres
Results from the first set of drill holes in 2012
Figure 1. Long Section (South Limb)
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 centres, focusing in on the Three Bluffs deposit. The Company plans to release an updated gold resource incorporating 1994 to 2011 drilling during Q1, 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
North Country Gold.
For more information on North Country Gold, please visit the company’s website: www.northcountrygold.com or contact:
Corporate Secretary & Vice President of Corporate Development
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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