VANCOUVER — North Country Gold (NCG-V) has followed up on some impressive July drill results with more high-grade hits from its Three Bluffs gold project in Nunavut.
The latest results come from the Antler target that sits roughly 1.5 km west of the established Three Bluffs resource area. So far, 21 holes have tested 700 metres of strike on the Antler target, split between the spring and summer drill programs.
Drilling was generally done through a series of two-hole fences at 60-metre spacing, with all holes hitting mineralization in the same stratigraphic horizon that hosts the Three Bluffs deposit.
Among the latest results, hole 10 cut 14.1 metres of 11.14 grams gold per tonne from 76 metres depth and included a 4.2-metre interval of 32.97 grams gold. Hole 13 hit 14 metres averaging 3.51 grams gold from 82 metres depth and hole 11 returned 5 metres carrying 10.67 grams gold.
Along with Antler, the company has been exploring the Three Bluffs and Hayes targets, all of which fall along the Walker Lake trend in the area. North Country has now done shallow drilling on about 2.5 km of the 4.1-km exposed trend, which remains open to the west of Hayes and to depth.
Earlier in August, the company released results from the Hayes area of the project, located 3.5 km from the western edge of the Three Bluffs resource area. Of the four holes drilled on the target, two were stoped out by localized late pegmatite dykes, while hole 3 cut 2 metres averaging 6.3 grams gold and hole 4 hit 3.7 metres carrying 28.08 grams gold.
North Country was spun out of Niblack Mineral Development (NIB-V), then called CBR Gold, and listed on the TSX Venture Exchange in April. The company’s share price shot up in July after hitting intercepts like 42 metres grading 5.88 grams gold, 3.5 metres of 10.2 grams gold and 25 metres averaging 4.17 grams gold on the western edge of the Three Bluffs resource.
The resource for the project currently stands at 2.7 million indicated tonnes grading 5.85 grams gold for 508,000 oz. gold and 1.27 million inferred tonnes of 5.98 grams gold from a further 244,000 oz. gold.
The Three Bluffs project is 300 km northeast of Baker Lake in the centre of North Country’s 2,256-sq.-km land package. The northeast-striking property covers a large segment of the Committee Bay greenstone belt.
On news of the recent drill results, North Country Gold’s share price was up 3¢, or 8.8%, to 37¢. The company has a 52-week trading window of 20¢-47¢ and 65.6 million shares outstanding.
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